Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1859-02-09
NIGHT SESSION.
At seven o'clock the House met.

BANK OF WILMINGTON.
The debate was resumed upon the bill to amend
the charter of this Bank.
Mr.. Bryan, of New Hanover, offered an amend
ment to allow the issue OF three and four dollar
bills.
Mr. Jones, of Orange, offered an amendment to
the ABOVE that nothing herein contained should pro-
hibt the General Assembly from prohibiting bills
under 50 in value which last amendment ri ctcd.
Mr.. Bryans amendment also rejected 80
yeas, 81 nays.
Mr. Bridgers offered an amendment, that ali bills
above $5, should be the multiple of SO adopted.
Mr. I. r. Caldwell offered an amendment. Ifthe
Bank suspcnds payment it shall forfeit all it's profits
to the State during the suspension
Messrs. Kerr and Morehead spoke against the
amendment
Mr. Fleming moved to strike out of Mr. Caldwclrs
amendment ''all the profits and insert per cent
on their circulation from the time of suspension.
Mr.. Mckay opposed the amendment ana, thought
the House ought to act with caution in putting re-
strictons on the banks in the State.
Mr.. Brdgers was in favor of restricting banks
but this amendment would not effect that object
If we charter banks we must place them on an
equality with the banks of the ncighbou,ng States,
for if we restrict them then shall be at the mercy
of the banks of the other States. Mr.. b. at some
length explained how suspension affects the banks
and spoke against the amendment
MI. Williams was in favor of the amendment and
said without fear of contradiction. that whenever
bank fails to pay specie it forfcitS its charter If
the banks kept themselves safe they would lever
suspend. North Carolina is tending to Il point
when monopolies will govern the people lie c,arg-
cd the banks with causing much suffering to the
people 1t the object Of the law to protect the
people and make the banks do their duty; he would
vote for the amendment.
Mr.. Kerr spoke against the amendment and at
some length defended the banks as necessary 70
US as a commercial people. They arc indiSpcnsa-
bic to the government and public feeling ought not
to be arrayed against them. Banks in this State
had existed 30 years, and had never been charged
with corruption.
Mr.. Williams replied to Mr.. Kerr. lie had made
no charge against the banks, but had expressly &C
knowlcdged they were necessary evils. lie crmc
there to represent the people of North Carolina lot
corporations or monopolies. If the banks failed to
fulfill the obligations of their charters, they ought
to pay the profits to the State.
Mr.. Bridgers wished to afford the people all the
protection needed, bat all specie paying countries
were subject to revulsiOns as well as ours and eX-
planned the injurious effects of the amendments.
Mr.. Bryan, of n. H., reminded the House of the
question before it, which was merely TO allow the
bank to close its subscription books. lie opposed
the amendments
Mr.. Flemng's amendment was rejected.
Mr.. Caldwells amendment Was rciectcd-yeas 2S
nays Is.
Mr.. L. R. Caldwell offered an amendment prollib-
iting the bank, during suspension to discount notes
Mr.. Dargan spoke against the amendment ana in
favor Of the bill The amendment Was rejected
yeas %, nays 73.
motion, by Mr.. Gather, of Iredell to lay the
bill the table rejected and the bill passed It's
third reading-yeas rs, nays +.
ELLIS on THEIR THIRD READING.
A bill to incorporate the Beaufort IialLor Rail.
road COMPANY. Passed.
A bill to change the time for holding one term Of
the Supreme Court in Raleigh. Passed.
A bill to prevent the sale Of slirtuous LIQUORS 10
free negroes Passed
A bill to do away with cumulative disabilities.
The bill was supported by Mr.. Smith and opposed
by Messrs. Fleming and MoreLead. Tie I'LL was
indefinitely postponed, 81 to 27.
A bill to alter the dividing line between Wilson
and Wayne. Passed.
A bill to establish public road in the county Of
Madison. Mr.. Fagg spoke in favor Of the bill.
Mr.. Byrd also supported the bill. Passed.
At ten o'clock the House adjourned
STATE STocKs-North-C Carolina State Lends are
selling in New York at 9sl. The passage of the
revenue bill, and adequate provision for the Sinking
Fund will still further add to the value of bonds