The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1866-03-07

names for justices of the Peace for the coun
ties of Yadkin, Sampson, Stokes, Jones and
Pitt.
On motion Of MI. Cowles the list from
Yadkin County was laid on the table, Gle
stated they were the identical names he had
objected to before, and that they were not
suitable men for that position.) sR
UNFINISHED BUSINESS.
The bill to provide for the payment of the
interest due by the State, being still under
consideration, Mr. Cowles' amendment pro-
posing to strike out the year 1866 and insert
the year 1857, came up, which after discus
sion was rejected.
Mr.. Cowles moved further to amend, pro.
viding that the said bonds shall not be
exempt from taxation.
Mr.. Jones of Columbus, opposed the amend.
ment, believing that its object was to cloo
the bill and prevent its passage.
Mr.. Bynum was opposed to the entire bill
but if it should pass, an amendment simi]a,
to this should be adopted, as he was opposed
to exempting any property from taxation
Mr.. Wilson opposed the amendment. He
held that to tax the bonds was violation of
the pledge of the General Assembly civen to
the bond holders, and that the amendment,
could not be adopted without violating the
faith of the State. WV
NH. Jones Of Columbus in order to test
the question called for the yeas and nays,
and the amendment was rejected by the cast.
ing vote of the Speaker.
MIR. Ferebee was glad to see the Senator
from Columbus now opposed to renndiation
At another time and in another body, he and
and the Senator had differed widely. His
voice was then raised for reputation, but
now he was glad to see him coming forward
to maintain the credit and honor of the
State. For himself, he had stood up against
reputation when the interests of the people
OF this State were more dearly and largely
involved than at present, and now he would
act consistently and still raise his voice
against. reputation. He should maintain
the honor and credit of the State at all
times though he did not like entirely the
present bill.
Mr.. Jones, of Columbus replied that he
was proud of his vote in the Convention
He had voted for the reputation of the
State war debt, as a part of the reconstruc-
ton policy of President johnson In this he
was consistent, and now he was in favor of
maintaining the credit of the State, in
matter of debt about which there could be
no question of right and in accordance with
the ordinance of the Convention.
Mr.. Cash said there seemed to be family
quarrel which the gentleman had better re-
tire and settle. With his present lights he
should vote for the bill as amended, if he
could get nothing better.
Mr.. Virgins was glad to see his friend Mr..
Cash coming forward to the support of this
bill. He hoped that he was now ready to
vote for Mr.. Berry's bill also, which he OPP
posed some days ago
Mr.. Bynum was opposed to the principle
of the bill The State was only bound to
pay principal and simple interest, but this
bill compounded the interest, and yet made
no provision to reduce the debt by taxation.
When our people are ready and able to pay,
he was ready to 60 as far as the next in pro-
yiding to meet the debt; but until this state
of things arose, he could not vote for the in
crease of the debt. No other State had pas
sed such bill. It will only benefit the
bond-holders who can wait until the State is
able to pay. He was no repudiator, but he
was opposed to making additional obliga-
lions to pay, when he saw no present pros
pect of raising the money to meet them.
Mr.. Hall advocated the passage of the bill.
He stated that Tennessee and Virginia had
passed similar bills He believed the diff
culties of gentlemen about providing for the
payment of the debt, were not well founded.
The profits of the State, from her works of
internal Improvements alone, would soon
enable her to meet her obligations.
Mr.. Virgins hoped after so long discus
sion the Senate was ready for the vote. He
preferred Mr.. Berry's bill, but would vote for
this on the second readiug.
Mr.. Bynum offered an amendment, provid-
ing for the taxing of the interest accruing,
as in cases of all other property.
Mr.. Wilson opposed the amendment in a
warm and forcible speech.
Mr.. Carter did not intend to engage in the
discussion, but the proposition to amend at.
ter the principle assumed had been so fully
met, forced upon him the necessity. The po-
sitions of the Senator from Lincolnton, have
been fully rcputed by the Senators from New
Hanover and Mecklenburg. He believed the
State amply.able 10 meet her obligations
1t had been shown that the revenue from in
ternal Improvements would greatly aid her
in this, and he should oppose any measure
which would at all weaken the credit and
faith of the State.
(Our limits forbid further notice of the
debate.)
The question arising ON the amendment of
Mr.. Bynum, Mr.. Cowles called the ayes and
nays, and the vote being, ayes 10, nays IS,
the Speaker voted in the affirmative and it
was adopted
Mr.. Hall moved to amend the amendment
providing that the tax on the new bonds
shall not exceed the interest, which was adop-
ted.
The question. arising on the passage of the
bill, MIR. Carter called the ayes and nays,
when it stood ayes 80, nays,4.
The special order for to-day being the pen
itentiary bill, Mr.. Cash called it up, but the
hour OF adjournment having arrived, the
Speaker pronounced the Senate adjourned to
n o'clock, P. NJ
SENATE. 9a
(EvENINe SESSION.
TUESDAY. Feb. 81, 1866.
4