The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1868-12-02

hill asked, should be granted, It wntIisl lie
an endorsement an tle,parE at the senate
, of The snundncss and trustw9rthyncss 81 ,ltc
| Company, and thus the people Of the State
might he deceived FIR il wot,ld tie "a wing L,
them these men are good. There was no
proof that the men who asked these EXTRA
ordinary powers were good they had mt
shown themselves to be possessed of dbl
lar of capital upon which to l,ase their com
pany. The Senate had no right. mn. power,
to pass such a bill and he protested against
1t in the name of the people Of North Caro-
lima. He found himself ON the record as
having voted for a similar bill and he would
| to God he could recall that vote. It was
done under misrepresentation and he would
never again vote to confer undue powers up
| on any body of men. Where was the can't
tai stock of this proposed Company on pa
| per. and nowhere else | And these men
practically asked the Senate to endorse them
aud to say to the people Of the State .these
men are good! y When they had issued
premiums and losers came to have their
losses adjusted it was his opinion that they
would he told that the losses could not lie
met, and he was opposed to aiding 10 an
attempt to gull the honest people of this
State by upholding any such concern. He
! intended now, in the FIRST of the session, to
declare his determination to stand up for the
! rights of the people, and to protect them,
by opposing all improper legislation, and
that duty he should do fearlessly. 1t was
| time that our Legislature should he closely
looked tn les. grosscr mistakes should be
made in the future than those of the past.
He again declared that he considered
the Senate to have no right or power to
pass this bill. iss
Mr.. JONES thought the Senator from
johnson had spoken, with great deal of
warmth. and his remarks stiglnatiscd the
gentlemen named in the bill as swindlers.
Mr.. Cook interrupted the gentleman tn
explain He had not intended to call the
| gentlemen themselves swindlers, but to say
| the bill was calculated to encourage swind-
| ling. 57 ~ ta'is' iei 3'tfs,h
Mr.. JONES did not suppose the Senator
meant to reflect upon the friends of the bill,
but it looked as if he did. He (Mr. Jnnes)
wanted his legislative course to he approved
by the people of North Carolina, and should
| always act in a manner To receive that ap-
| prevail. There was no Insurance company
! in the State and he regarded it for the inter
ests of the people to have one. Now they
had to depend upon Northern companies
for insurance. The proposed company would
| consist of gentlemen of means and property.
| Then instead of being Obliged to blindly
rely upon Northern companies could have
a home company whose hooks would always
he open to the inspection of the people who
could satisfy themselves AZ to its soundness.
Mr.. HAYES was here to represent the
| oountv NJ Rphucrp In fl;I unf comedies
this company as sound as it intended to do
business on borrowed mortgages and Thought
| if there were many large fires in the State,
the company would need more mortgages
than could lac obtained in North Carolina to
pay the interest an their losses. He did not
consider It right to pass such bill here, hut
thought this company should foot the bills
and go before the courts and get their char
ter, and not put the State to an expense.
MIR. WELLER moved the bill he indefin-
itely postponed ~ ~
Mr.. JONES hoped this would not be done.
It would he doing an injury to the citizens
of North Carolina. To postpone the bill
indefinitely would be simply saying to the
people. You cannot have company in
your own State to insure you against fire."
If this policy was pursued. it would make
them continue to be dependent upon the
rotten companies Of the North.
Mr.. WKLKER had no interests out of North
Carolina. and his action in the matter was
simply based upon the s0untlness of the pro-
posed company. There was nothing shown
to prove it was worth anything. If the COM
pany was proved good lie would cheerlully
vote for the bill. He did not like, however,
to give such immense power and every adj
vantage to the company and none to the
people. He did not think the Senate had
right to pass this bill. ti
Mr.. ROBBINS sympathized with the Sena-
tor from Wake in his desire to have u North
Carolina Fire Insurance Company, and hoped
the bill would not he Indefinitely postponed
1t ought to he encouraged if it came in The
right shape. anil time to examine and i'm.
prnve it should be allowed. He considered
that the Senate had a right to pass this or
any similar bill, as the Constitution gave it
that '' in cases where, in the Judgment of
the Legislature, the object of the corpora
tions cannot be attained under general
laws" a special law could lie passed. He
thought that those who should attempt to
prove that any special law was not necessa-
ry, in the Judgment OF the Legislature"
would have u very Troublesome ease. A bill
should be judged 10y its merits alone In this
bill he thought there were the good ele-
ments of good thing for North Carolina,
and he wished to favor everything that
would tend to build up this State He
hoped the motion to postpone would not
prevail. f
Mr.. LOVE- in justice to himself and the
committee, would say that this hill was be-
fore them last session, and again now, and
they had not thought it conferred any ex
traordinary powers, and consequently had
not given it very close attention. lie now
thought we had no right tn pass the bill
Mr.. ROBBINS said according to the Con-
stitution it was the right of the General As
sembly to pass this bill if it Judge tina. its
object could not be attained under general
law. He was opposed to stopping the bill
right here without giving itla chance. He
thought passing special law u much better
way than passing general law, rs then these
matters would have to be settled l,y persons
who, perhaps, would be no more competent
to do it than we will. d5v 5ri3- s. nv
Mr.. BARROW moved to lay, the bill upon
the table,
The yeas and nays were ordered and the
motion lost by the following vote: az Is.
NAls-Messrs. brOSQen, biy the, Oavis, Eavcs,
Etheridge,- Forkner, Galloway, Graham, Jones,
OF Wake, Lassiter, Lindsay, Love, Mason, Mar
tindalc, Melchor, Moore, OF Yancey, Respass,
Robbins, Shollner, White and Winstead-2l.
YEAS -Messrs. Barrow, Barnes, Beaslcy, Bee
man. Bellamy, Coigrove, Cook, Hayes, Harring-
ton, Long, Moore, OF Carterct, Mclaughlin,
Richardson, Weiker, Wynne aud Winstcad-16
Mr.. JONES hoped the motion to indefinite
ly postpone would not prevail He would
not object to the bill being postponed for