Spirit of the age. [volume] (Raleigh, N.C.) 1849-1865, 1863-07-06

Oa TWO committees, TO e0lSluer the HdILe[S
referred to in the Governr's Message, VIZ:
HOUSE BRANCH on finance: McAden,
Sheppard, Robins, Person and Perkins.
SENATE BEACH on same Graham, Virgins
and Wright.
HOUSE BRANCH on the Militia Sherwood,
Grissom, Mckay, Russell of Brunswick, and
Allison. j,
SENATE BRANCH on tn same: Outlaw,
Pitchtord and Young,
Mr.. Mckay introduced resolutions to sus-
tain the currency. Its Provisions are-lst,
instructing and requesting our members in
Congress to urge and vote for a repeal OF
that portion of the Act which prohibits the
funding of certain Confederate notes. Cd,
expressing entire confidence. in the currency
and that sheriffs and ootbers are expected
and directed to receive oil Confederate issues
in payment of all public dues for State and
county purposes. Sd, caIing on the sheriffs
to pay into the public treasury, before the
1st of August, all publf money, in their
hands not fundable after that date, and that
| the Treasurer fund the same, &c.
The resolutions were ordered to be prin-
ted and referred to the committee on the
currency.
Mr.. Walser introduced a bill to authorize
the Public Treasurer to fuf Confederate notes
and for other purposes. l(Authorizes Sher-
} ifs to receive for taxes nd-interest bearing
Confederate Notes without regard to date of
issue.) Referred to the Finance Committee.
A bill was also introduced to amend the
Militia law, but IN what respect we did not
learn.
The two Houses were in secret session
with Gov. Vance from IL to l o'clock.
When the doors were opened a message
was received from the Scnste, proposing to
raise a joint select committee to take into
consideration the verbal Communication of
the Governor.
Mr.. Amis said, that the Governors CON-
munication embraced two distinct matters,
viz the currency and the arrest of deserters.
He was opposed to mingling them by refer
1 ring both to the same committee. lie moved
1 that the message lie on the table. Agreed
to.
= The Senate by message concurred in a
! proposition made by the House in secret
4, session, relative to raising a committee on
deSerters. s.
= JULY 2.-The action of the Legislature to-day. in
reported by the m on currency, which pass
ed both Houses. We give the substance of the bill
MI taxes are to be received in Confederate treasu-
!, ~ notes without regard to their date of i7sue. Sher-
= lnsandan tax COLLECTORS are TO garnr. ed lasthE5th
required to pay them into the treasury Or such other
depository as the Public Treasurer may establish, at
Asheville or elsewhere, on or before the 2sth of Jnly
instant; also to pay over all sums collected on ac-
count of counties by the said 2Sth July
AS an inducement to sheriffs and collectors, an adj
e ditional~ commission of one per cent: is to be paid on
Z all sums collected up to the 2sth of July.
All Confederate Treasury Notes issued prior to the
9Th of April, 1868, which may be paid into tho Treas:
7. ury for taxes, or be in the Treasury, on the 3lst OF
l" July next, are required to be funded by the Public
- Treasurer in 7 per cent. bonds of the Confederate
States, except such sums as may be necessary and
available for current expenses.
ID County Trustees or other fiscal agents OF counties
and Chairmen of Boards of County superintendent
OF Common Schools, are AUTHORIZED to invest their
ID trust funds in Z per c. mt. Confederate bonds.
l. The bonds %purchasd by the Public Treasurer may
n be sold by him at any time when the exigeAcies oftht
~ State require it, at par or at a pr emium.
n After the 2Sth of July next, sheriffs and collectors
are to go on and collect the residue of the taxes then
unpaid in Treasury Notes of any issue rendered and
y make a final ettlement with the Treasury by the Isl
id of October, as now required by law.
III ty Court Clerks to the Comptroller on or before th'
27th of July instead of the LIST of August.
IN These are the material points Of the law passed
The House also passed a bill authorizing the sever
1T al banks of the State, by order of their several Board
no of Directors. to invest in any Stocks or Bonds i'll whic
- they can now invest by law, (Which indicates, Q
.e, course, Confederate Bonds0 WITHOUT LIMIT AS II
c. AMOUNT, up to 1st July, 1864. p
The House also passed another bill of importance
Ill viz A bill! authorizing agents, trustees and other pei
e. sons holding trust funds, to invest them in bonds c
nj this State or the Confederate States.
-, We heartily congratulate the people ofthe Srate an
ne Confederacy, aud also the Legislature, on the fine fee
nd ing ev1nced by the General Assembly.
70. The AssEMBLY.-There was but little don
IF of public Importance on Friday. The Mill
tary Committee reported a bill to enroll al
white males between Is and 80, except sue
he as the Governor may exempt. The CORES
,re pondcnce between Gov. Vance and the Sec
rotary Of War was read. Part of the tim
of both houses was consumed in secret ses
sv 'sions. 1t is thought that the Assembly wi
No. adj ourn on Duesday.
i'm
,re From Tennessee!