Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1866-06-21

was taken,
The hour of three arrived and the Convention
adjourned.
THURSDAY, June IA, 1866
After the reading of the Journal, Mr.. Satterth
waite was called to the chair by the President.
Mr.. Faulkner introduced q series of resolutions
providing for holding the elections of Governor
and members of the General Assembly In October
next so as to allow the Constitution to be pre-
viously voted on at the regular election day OF
August, which passed the first reading.
Mr.. Brown presented petition from number
of citizens of Caswel county, in favor of amnesty
for offenses committed during the late war, which
was read and referred to the committee on GenCr-
oil Amnesty
Mr.. Caldwell, of Burke, moved to suspend the
rules in order to take up the resolutions of Mr..
Faulkner in regard to elections, and put them on
their second reading.
Considerable discussion on the motion,
participated in by Messrs. Conigland and Phillips
in opposition, and Messrs. Starbuck, Caldwell, Of
Burke, Logan and others in favor.
The question put and did not prevail ,aycS
AZ, nays IS, two-thirds not voting in the atfirma
tive.
Mr. Mclaughlin, offered resolution proposing
to raise special committee to inquire In regard
to certain bonds and other assets u. ed In blockade
running during the war, which was ordered to be
printed.
THE following gentlemen constitute the Com.
mittee of Inquiry raised by resolution intro
QucoQ Dy Mf. TdCU0TSOn yesterday, III TGBdIu 10
the distillation of grain into spirits Messrs.
Patterson Odom, Ward, Henry and Smith OF
Wilkes
| Mr. Gillian introduced an ordinance concern.
! ing amnesty, which he gave notice he would offer
as amendment to the ordinance on that sub
Iiect reported by the Committee on amnesty, when
that subject shall come up for consideration. He
asked to have the ordinance printed and it was
agreed to.
| Mr. Mcdonald of Chatham introduced an or
dinance to amend the charter OF the Chatham
Railroad Company, which passed the first reading
and was referred to a select committee OF five, on
which the Chair appointed Messrs. Mcdonald, OF
Chatham, McCor1le, Hodge, Love, of Chatham,
and Warren.
| Mr. Wright presented memorial from M. Cron-
| ly, and memorial from Michael Robins, both OF
which were on his motion, referred to the com
mittee of Finance, without reading
! The hour of 10 having arrived, the Stay Law
reported by Mr.. Howard for the committee on
Tuesday, was taken up as the special older.
| Mr.. Foy said he had substitute for tue ordl
nance which he would offer at the proper time,
and which he desired to have read now for in
| formation
Consent was given and his ordinance read.
It contemplates submitting to the people, at the
August election, the question of reputation of all
debts private and public, with certain regulation
for restitution in certain cases.
| Mr.. Howard moved that the ordinance reported
by the committee, be considered by sections, and
it was agreed to.
amendment.
Section having been read
Mr. Moore of Wake, spoke in opposition to the
section and to the ordinance in general He
the ground that it unconstitutional, because
it impairs the obligation of contracts; and ineXpe
dent because it will drive litigation from the State
to the Federal Courts, and result in increase OF
suits eventually. He discussed the question on
both these views at considerable length and IN
manner which mere synopsis could not do jus
tice.
Mr. Foy addressed the Convention generally on
the stringency of pecuniary affairs and the conSc
quent suffering of the people, and in favor of tn"
ordinance proposed by him.
| Mr.. Howard advocated the ordinance as the best
that could be devised to do justice to the credtorand
at the same tive give the debtor chance to pay
his liabilities
Mr. Grissom offered proviso, requiring sale,
of real estate under execution to bring price
equal to the assessed value at the time of sale.
Mr.. Ferebee defended the amendment, as called
for by the condition of affairs, and the desttution
caused by losses of property and depreciation Of
bank stocks
Mr. Caldwell thought the creditors had son.o
claim to protection well debtors, and that
widows and orphans were entitled to some redress
at law.
Mr. Grissom, by consent, Withdrew his amend
ment.
Mr. Conigland thought that the ordinance
thought to be amended so as to put judgment
debtors on the same footing with others. He
ought that the condition of the times absolutely
demanded some measure of relief, and the fea-
lures of this ordinance more favorable to both
debtor and creditor than any act that has vet
been passed for the purpose.
Mr. Walkup offered an amendment to the tnrd
section, increasing the several payments.
This amendment was opposed by Mr. BROOKS
He did not believe the ordinance, if SO amended
would afford the relief demanded
The question was put and the amendment Wa
rejected.
Sections to II were read, and some unimpcr
tant amendments adopted.
To sec. II Mr. Mckay, of Harnett offered t
amendment excluding the operation of the orl
nance from debts contracted since MAY 1865.
To which Mr.. Caldwell of Guilford, offered AZ
amendment, Except for debts contracted for
money loaned at greater rate of interest than sly
per cent per annum"
This amendment was rejected and the oucStio
recurring on the amendment of Mr.. Mckay o!
Harnett, it was adopted.
The second reading of the ordinance was con
tlnued to Sec 10, and various amendments adop.
ted. During the consideration of the ordinance,
Mr. King moved to lay the whole subject the
table, and the motion was not agreed to, yeas l.
nays rs.
At three o'clock the Convention adjourned till
, the usual hour tomorrow.
SALARIES, largest salary paid any man
in New England is received by the agent OF the
Salisbury Woollen Mills, Newburyport who has
fifteen thousand dollars year. The lowest s9Ia'
ny was probably received by that Methodist cief.
gyman who asserted at the Boston convention last
week that his remuneration for the first year