The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1866-02-21

stay law. "A creQltOr now mas no power U0-
cause he has no legal means of enforcing his
demands or his threats. So far then, as men
may negotiate to lend or borrow, they are on
asfooting of equality. This ground of OBJ
lection is therefore removed. The bill APP
pears to be without other objection and It is
hoped it may meet the favor of the Senate.
Mr.. Virgins, preferred that no notion
should be taken on a bill of this kind, unless
we had some certainty that we should have
a stay law, and therefore he thought that &C
ton should be deferred for the present.
Mr.. Mckay, said he was glad to see that
the West was disposed to strike from our
statute book the stay law; that has been of
no advantage to US, on the contrary pro-
lection to the rascals of the country He
thought it was q disgrace to the statute books
of N. Carolina. five do notincrease therates
of interest, our people, who have money, will
carry it to other States where they can get
8 per cent. and, in some other States, more.
Mr.. Carter was opposed to hasty legisla-
ton, but he thought the point had been
reached for action IN this matter. Our great
est need is money The Federal government
reached every man in the State worth $500
With its claim for taxes-then came the 6tate
tn, and yet we had not reached the climax.
We must have some relief, and this bilI look
ed in the right direction Politically, We
are in the hands Of superior power. We
have done what has been required of US with
out the sacrifice of honor. Now we need
money. He thought it better to allow par
ties to contract as high as 10 per cent With
a change in the usury law and the resembling
of the stay law, we might look for better
times. He hoped this Legislature would
wipe it out With this we can look for no
relief-no Bank can be created which could
discount, with this law in operation. Re
peal it and something can be done-capital
will then fiowin. 8Ir c. forcibly AMI strong
Mis 81 y vi IL sIiss sss ss%ags e
present.
Mr. Jones, of Columbus, moved that the
further consideration of the bill be referred
to another day. Agreed to-
A message from the House was received
transmitting billto regulate salaries and
fees, was read frt time.
Mr. Wilson moved that the bill accepting
donation Of lands from the Congress OF
the United States, be referred to the com
mittee on the judiciary. Agreed to.
A message from the House was received,
transmitting additional names Of Justices OF
the Peace for Halifax, Burke and G8Iferet
counties. Concurred in Also pend
ing statute of limitations, with al amend
ment. Concurred in.
A bill to regulate terms of the Superior
Courts, and for other purposes. Amendment
concurred in.
Leave Of absence was granted Messrs Bo-
ner, Wilson and Harris, of Franklin, until
Tuesday next.
On motion the Senate. adjoiin tlll 10
o'clock, A. NJ, tomorrow. S.:
HOUSE OF COMMONS
FRIDAY, Feb. 16, 1874
The House was called to order at ten
o'clock, A. NJ.
Prayer by the Rev. Dr. Smedes.
The journal OF yesterday was read and ap-
proved
Mr. Smith of Hartford, for the Committee
on Finance, to whom was referred Mr..
Holderby's resolution relative to paying the
travelling expenses, to and from Raleigh, of
MANNED soldiersapplyingf for Artificial Limbs,
reported, asking to be discharged from its
further consideration, as tie several railroad
companies would doubtless give free trans
portation in such cases. Committee dis
charged
Mr. Manly, for the Judiciary Committee,
reported substitute for sundry Homestead
bills referred to said committee.
MIR. Waugh, for the joint select committee
on the stay law, reported ga bill to change
the jurisdiction of the courts and the rules of
pleading tiierein- Ordered to be printed
and made the special order for 12 O'Clock, NJ,
on Tuesday next.
BILLS INTRODUCED.
Mr.. Moore, of Alamance, introduced bill
to incorporate the North Carolina Mining
Company.
Mr. Smith, of Cumberland, bill to au-
thorize the county court of Cumberland, to
appoint Inspectors of Naval Stores.
On motion of Mr. Jenkins, of Warren,
message was sent to the Senate proposing
that the two Houses proceed forthwith to an
election for Solicitor of the 9th Judicial
Circuit. The Senate by message refused to
concur
Mr. Yellowly presented the credentials of
Lewis billiard, ESQ.,, Commoner elect from
Pitt county to fill the vacancy occasioned by
the demise of W. S. Hanrahan. ESQ. Mr.
billiard appeared and was qualified.
Mr.. Yellowly introduced resolution IN
late W. S. Hanrahan, which passed its several
readings under suspension of the rules.
pays her the mileage and per diem due the
deceased)
Leave of absence was granted Messrs. Nc
Eachem, Murphy, Paschall, Moore of Chat
ham, and Smith of Guilford
The following bills passed their second
reading, viz:
A bill to renew the charter of the Hiwssec
Turnpike Company bill to punish va
grancy . bill to prevent persons enticing
servants IRON fulfilling their contracts or har-
boring them; q bill to secure to agricultural
laborers their pay in kind.
A bill to secure more efectually the man
tenance of bastard children, and the pay
ment of fines and costs on conviction in GRIM
inal cases. M
At II o'clock A. NJ, the House proceeded
to consider the special order viz: bill to
authorize the Banks of the State to subscribe
for stock in the National Banks, on second
reading.
Mr. Smith spoke in favor of the bill.
Mr.. Caldwell spoke at length in opposition
to the bill. .ssss.-F-.--------- 49, g -
Mr. Thompson, addressed the House at
length in opposition 10 the bill. He regarded
the Banks as hopelessly insolvent, and even
were it otherwise, the tax imposed by the
government upon Banking institutions,
would compel them to wind up their bust
ness. Their assets were pledged to the re-
demption Of their notes, and the Investment
of their specie in stock of National Bank
ing institution would prejudice individuals
| who held their notes.
Mr.. Smith rejoined in defence of the bill.
1--WE regret that our space will not allow
US TO report the speeches in full Eds