The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1863-07-08
THE GENERAL ASSEMBLY.

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THE GENERAL ASSEMBLY.
tn, two Houses Of he General Assembly pf North
Carolina met q, the Capitol in Raleigh on Tuesday
,Ae se,h ul,inO, in obedience TO the call Of the Co
vernon. A quorum being presea, in each House.
Join. committee vas appointed TO wait on the Go
werner and inform him Of aheir readiness 70 receive
any communication from him. wherOuPon the Co
werner Immediately communicated to thstwo Houses
the following Messages
Gentlemen sfths Senate and Hsuss Of Commons:
The reasons for my calling you together
al euoh an unreasonable time alter your
adjournment will be found in the accom-
pasying able and interesting report OF the
Public Treasurer. The gravity Of The
ouestien. whether considered in reference
10 its probable effects upon the finances and
credit Of the State, or upon the interest OF
the people and the success of our common
cause, will, ! trust, constitute an ample
apology fer NV action ia calling ysu to-
ssther, in which 1 need not say was unan-
imsusIy sustained by the Council OF State.
By a recent Act Of Congress all non. IN
terest bearing Confederate Treasury notes
wsre classified and limitation put on the
time Of funding them as set forth in the ac-
comparing report Of the Public Treasu-
Ter. es.ss
By this action, intended to reduce the
great volume Of paper money 10 circulation
oy causing il to be funded, the notes Of two
issues referred TO we're rendered Of less
value than those of later issues, aad Though
10 that extent ii was repudiation Of them,
no action would have been necessary on the
part Of the Legislature had the matter end.
ed there, Bot the Legislatureo Of the State
Of Virginia. being then in session. imme
diately provided against these issues bein!
recsiyed in payment of taxes with view
Is was said. to aid the operation Of The Ac
Of Congress BY fastening the funding pre-
cess.
Aud soon thereafter the Ranks Of the ci
yof Richmond. actuated no doubt by tt
same patriotic but unfortunate motives. de
elining to receive them. IL at snce becam
matter OF serious concern with th
Treasurer and myself whether some Legs
lativs action would not be required in SCI
defence. Ard If any were required
must be had soon, as the collection Of take
begins in July. The Ordinance OF tn
Convention. February session, No. 8:
makes il The duty Of the Treasurer to "a
reivs these issues; bat il he we're invesis
with power to reject them il evidentl
wsald not become him to exercise Il undo
circumstances 80 different from any coI
templatedb by the trainers Of the 0rdinanc
TO continue 10 receive them after this pa
tiai reputation Of Congress and after n
Legislature and the Metropolitan Banks
Virginia had refused them, vsuld Of cour'
hare subjected that officer to the danger
filling the Treasury with notes greatly d.
preeiatsd il might be, or perhaps entIreI
pncurent. There was 20 telling no
sosn the other banks Of the country mig
follow the example Of those d Richmond
nor what action ether States might tax
And Of course il being impossible 10 fund
AL aud inconyenient to fund any so lor
as i would pass, il might be rushed in
thn State and paid into our Treasury su'
result would be rsinous alike to b
---crsditors hsr officers and her Soldiers. rh
..srsated . responsibility too great to
1. berse by the Treasurer without LegIslatl'
: sanction, and the matter is therefore su
nitted TO yeu.
Alter careful survey Of the situation
eonhdenty Recommend 20 You 10 pr6yi'
tor the continued reception Of these not
as the safer and more kossrabIs couri
So lar no State has followed the example
Virginia, and no banks loutside of Ric
rnoud 10 the wsols Confedsrsey have :
fused them. Our example may have