Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1864-11-29

I per cent JULIUS, anu 10 UOlhS L"PS
creased by large Railroad dividends, ana
the accruing interest on its stocks.
CONFEDERATE TREASURY NOTES -,
The act of the last session of Congress an
.thorized the States to exchange, during
the present year; one-half the Confederate
non.interest bearing Treasury notes held
prior to the time when they ceased to be
tundable. for new issue at par; and for the
other half, to take per cent. bonds, I'M
der the 18th section of the currency act
approved 18th February, 1864; (Which
bonds would be liable to taxation in the
hands of purchaser from the State,) orin
4 per cent untaxable bonds and under the
resolution of the General Assembly i'll
MAY last, the Public Treasurer was vested
with plenary discretion to make the best
disposition he could of the old currency,
so held by the State. As the wants ofthe
Treasury would compel me- to sell the bonds
/ might receive, and it was uncertain
whether either class of bonds which the
State might receive, would sell for two
thirds of their face, submitted the ques-
ton to the Secretary of the Treasury wheth-
er the State could take one-half in new
issue at par, and the other. half in new is
sue at discount of 333 per cent. He
referred the question to the Attorney Cen
eral, who decided that if the State tookone
half in new issue at par, she must take the
other half in bonds. The bonds were not
ready to be issued. | then requested of
the Secretary Of the Treasury, if he deem
ed it consistent with law, that the deposi-
tary might be required to issue his certif-
h Ctota 80 ho1f Tho
of such currency, with leave to the Public
/! Treasurer to take either the or the per
cent bonds from time to time and in such
proportions as he might think proper. He
readily assented to this proposition, which
will enable the Public Treasurer, when he
has occasion to cell the bonds, to elect the
class which, at the time, shall command
the highest price in market. | hold the
certificate of the depositary in conformity
with this arrangement.
The room in the capitol occupied by the
Public Treasurer, is not large enough for
the convenient and proper dispatch of the
extensive business of the department. l
respectfully ask that a committee may be
appointed to inquire and report whether
there may be re-assgnment ofthe rooms
of the capitol, without Inconvenience to
any efthe officers, by which the room now
occupied by the Comptroller may be as
| assigned to the Treasury.
BURKE SQUARE, IN THE CITY OF RALEIGH.
BY a resolution of the General Assem-
| bly,, ratified 10th February, 1855, the Pub
lie Treasurer was directed to rent ont this
square for the balance of the year 1855, and
| on the 1st Of January of each and every
year thereafter, at not less than $125 per
| annUm, and requiring the rent to 90 into
! the Public Treasury.
| BY an act ratified Sd FEBRUARY, 1857, it
is declared that this square had been
granted by an act of 1901, to Board of
Trustees, for the purpose of erecting build
ings thereon, aud establishing Seminary
of learning. that said Trustees erected
| such building, and kept school for a num-
Der of years, but had then become extinct,
whereby the property had reverted to the
State, and the Public Treasurer and Com
ptroller are appointed Commissioners "to
succeed the board of Trustees appointed
by the act of 1901, and to let ont the build
ings on Burke Square for the purposes in
dictated in said act, at a reasc nable and
, proper rate"
By a resolution of the General Assem-
| bly,. ratified Goth February, 1861, the Pub
lie Treasurer is directed to pay William
Peace $500 for losses sustained by
buildings on Burke Square.
This square and the buildings thereon
have been occupied, since 1854, by j. NJ.
-Loveioy, who has kept up school there
on, and nothing has been paid into the
Treasury, so far as | can find, excepting
/ $l32 for the year 1855. He has secur-
! ed the rents for the years 1868 and 1864,
at the rate of $500 per annum. In the in
! ternediate period between 1855 and 1863,
! he claims to have made improvements on
/ the square, (under verbal understanding
with the Public Treasurer,) of greater
! value than reasonable rent of the pre-
misses. / do not understand that the ex-
tent or value of the Improvements, or rate
! of rent, was agreed upon. / recommend
that committee be appointed to examine
the property and report whether some
better plan cannot be adopted for secur-
ing and protecting the interest of the State
in said square.
REGISTRATION OF COUPON BONDS.
The act of 1856, in relation to the reg.
istration and transfer of coupon bonds,
requires the Public Treasurer to endorse
q on such bonds that they are transferable
only at this Office by written endorsement
! on the bonds, witnessed by him. 1t some
times happens that the Treasurer, from
sickness or other cause, is not in his office
: when such bonds are presented for regis
tration, or transfer, and recommend that
! the act be so amended as to authorize the
chief clerk of the Department, as well as
the Treasurer, to make such endorsements
! and witness such transfers.
! All of which is respectfully submitted.