The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1868-08-26

Z - =
4 Nj. Seymour called up bin to pr,yide employ
ment for convicts in building penitentiary.
At the request OF Mr.. Sweet, the billwas read
by sections.
Amendments were offered by Messrs. Gambler
and Ashworth, which, after some discussion,
were withdrawn.
Bill passed third reading
bill to extend the time for the payment OF
taxes in Berthe county,.
Mr.. Gunter moved to amend by inserting Chat.
ham county,
Mr.. Hodpett moved to amend by inserting the
Mr.. Pou moved to lay the bill with proposed
amendments on the table. AGREED to-.
Bill concerning the fees OF Clerks OF the Supe-
rior Court, Constables, Sherifs, Solicitors, Ju-
rors, &c. Referred to the Committee on Inc 'u-
dietary. - ~
bill to authorize the Treasurer to issue new
bonds for old ones. Reported from the Com.
mittee on Finance recommending its postpone
ment until the next session.
Mr. Latin moved that the report OF the Com
Mr. Sinclair said it was doing great injury and
injustice to many widows and orphans in his
county who held boLds to postpone it until next
session. TNEsAtE sIEilfls 80 =
Mr.. Latin thought it would be more eeonomi-
cal to pass bill for the relief of the widows
and orphans Of Robson county than to pass
this measure; for if it was passed there were 81,
100 600 ofinternal improvement bonds that would
have to be re-issued. iIj Hg4
Mr. Sinclair said he hurled back with scorn the
imputations cast upon the ladies and children of
Robson. If the State of North Carolina had
money belonging to bis constituents, he deman-
ded that it should be returned to them.
Mr. Seymour asked if these bonds were issued
in 1864. and were paid for in Confederate
money.
Mr., Estes said that Committee on Finance
had considered this matter, and had come to the
conclusion that if this bill passed, there would
be more work put upon the committee than 1t
could perform. A portion of these bonds were
issued during the war and used for war purposes,
and portion of them were held by parties who
paid for them in Confederate money: and those
bonds should not be paid in full at ali events,
and he hoped this bill would be postponed until
the next session to give time for investigation.
Mr. Whitley called for the yeas and nays, and
they were ordered, and being taken resulted
yeas So, nays IS as follows:t 9tEaT
YEAs.-Messrs. Ashworth, Carson, Gambler,
Dixon Downing, Estes, Foster, Franklin, Fork
ner, Calling, Gahagan, Gunter, Graham, Hold
nett, Harris, of " AXE, Hoffman, Hodgin, Hayes,
Hinnant, Hendricks, Ingram, Justice, of Hender-
son, Kinney, Kelly, OF Davie, Kelly, of Moore,
Long, OF Chatham, Leary, Latin. Mayo, Morrill,,
Mendenhall, McCanless, Peck, Pou, Proctor,
Ragland Renirow, Rea, Rhodes, Smith of Mar
tin, stilley, Simonds, Seymour, Sweat, Snipes,
Wiswall, White, Waldrop, Williams.-55.
NAYs.-Messrs. Argo, Allison, Armstrong,
Boddie, Durham, Dixin, Davidson, Farrow, Fere-
bee, Gibson, High, Hawkins, Moore, Nicholson,
Smith, of Allegheny, Sinclair. Shaver, Thomp-
son, and Whitley.--1S s.,.s. ;.s...-.st. ...i-
So the bill was postponed.
Amessage from tie Senate announced that the
Senate had passed the following bill, which was
transmitted for the concurrence of the House:
Bill providing for furnishing Executive Man
sion. .,.
On motion of Mr.. Estes the bill to provide for
fho fin IF the matIlrp6 interest the
public debt, was considered under suspension
of the rules. Committee on Finance recon-
mended its passage. VI ;a5r..1 LEf
Mr.. Estes said that the bill provides for pay
ing the interest on all State debts contracted
prior to the war and since the war. It is in ac-
cordance with an ordinance of the Convention,
and simply provides for the payment of the in
terest and goes no further. d.
Mr.. Hodnett moved to strike out section seven
of the bill, which provides that an agent shall
be employed in the city of New York to attend
to this matter, and that the Governor shall fix
the pay of such agent. hii4e "a
Mr.. Estes said the State had had u financial
agent in New York even since its organization,
and it would be impossible to execute this bill
without such an agent, as most OF these bonds
were held in New-York.
Mr.. Whitley moved to postpone until the 18th
of November. s-.i...i ~ s-sJ+ss.s
Mr.. Downing moved that the motion to post
pone be laid on the table. Agreed to. % $50 +
The motion of Mr.. Hodnett to strike out sec
ton seven, was not agreed to.
r Mr.. Foster moved to amend section seven by
fixing the compensation at one eighth of one per
cent upona exchanges made by the agent.
81 MIR. Estes had no objection to an amendment
of that kind if any gentleman could tell the
amount Of the bonds and coupons and how
much the per cent would amount to. He thought
the amount would be between one million and a
half and two millions of dollars. As Mr.. Fos-
ter's motion to amenG-had not been seconded,
he called the previous question. .,,,,,.,
Mr. Latin said that heretofore the Bank of the
Republic had been the financial agent of the
State, and charged no pay. He yentured to say
that for milking these exchanges their charge
would not exceed three or four hundred dollars.
DIR. Durham moved to strike out in line II of
section 2 the words 'tshall be exempt from taxa
tion." He said the bill proposed that the hold
ers of these bonds should be exempt from taxa
ton tor thirty years, and we did not know but
that the people would rise up and demand that
they should pay tax. The act, if passed, could
not be repealed hereafter, because the bonds
would be issued under the terms OF the act upon
the faith of the State, SO that their terms could
not be changed. it,siHf9Tu4 $40 j. siSiHfoH /
"a, Mr.. Estes rose to a privileged question. He
had called the previous question, and no motion
could be made until that question was taken. =
He asked the gentleman if he was aware of the
fact that all those bonds bear on their face the
words, mott taxable by State authority.n iaA2
:. Mr.. Durham said he did not, but they ought to
be taxed.
% Mr. Stiliey desired to call attention to sections
three and fonr of article five otthe Constitution;
Sec. 3. Laws shall be passed, taxing, by uni
form rule, all moneys credits, investments in
bonds, stocks, joint-stock companies or other
wise; and also, all real and personal property,
according to its true value in money. lfbal "a
RI Sec.i4 4, The General Assembly shall, by appro-
pirate legislature and by adequate taxation, pro-
vide for the prompt and regular payment of
the interest of the public deb" sa@9i l'i oia5
& All property that is exempted is in section six
"Property belonging to the State, &C., shall be
exempt from taxation.,,aSF b. saeig '7aiif1gt
Mr.. Estes wished to give one or two reasons
for voting against the amendment. Section six
of the bilf provides that the act of The General
Assembly, ratified March 10, 1866, entitled Gan
act to provide for the payment of the debt Of the
State,'' is hereby repealed. Such appeal not to
affect the validity of the bonds heretofore issued
hereunder. All bonds issued under the act Of
1868 bear on their face ,..shall be exem pit from
taxation" This is great party question to-day.
Shall or shall not these bonds be exempt from
taxation? He did not know what the intention
was in Offering The amendment. but he certainly
Thought that the words should not be striker
out.I3ii7r .sauiiatItsGoa E,ui tH5idTs 9, r
Mr. Estes called for theyea and nays on the
amendment, and they were ordered, and being
taken lesulted-yeas SO, nays 8, no quorum yo-
ting.5,I .-i IL, t,.,s.s,.r Il ,-t,,..l. t.f,,4,
. Mr. Estes suggested that the amendment fell, no
quorum voting; and the Chair decided that 1t
did. u. 80 LII. :.}...t4
Mr. Durham moved call of the House to as
certain if there was quorum presents; which
WIS agreed to, and seventy-nine members am
swering to their names, a quorum was declared to
be present. d -zr---,e- ,-..5-7.s4.as '.5 rls.s
Mr.. Estes accepted the amendment, and the
question being taken by the yeas and nays on the
final passage of the bill, result Yeas So, nays
81, as follows: 80
q Yeas Ames, Ashworth, Barnett, Barnes, Ban
Dixon, Downing, Estes, Foster, Franklin, Fork
ner, Gahagan, Gunter, Graham, Harris Of Frank
lin Harris of Wake Huffman Hornevf Hoduin,