Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1868-12-11
not the Ku Klux have ceased to exist in
the State. Lies over.
CALENDAR

CALENDAR.
MIR. Estes moved to suspend the rules and
take up Mr.. Malones resolution in refer
ence to Ku Klux, and that he (Mr. Malone)
and the gentleman from Anson (Mr. In
gram) be selected as the Special committee.
Mr.. Bowman moved an amendment that
the said committee be instructed to make
a report early tomorrow morning.
Mr.. Estes accepted the amendment.
House resolution No. 81, introduced by
Mr.. Vest) tnat the Senators and Represen-
tatives from this State in Congress be re-
quested to have alterations made in the
laws, SO that a poor man might have the
same chance to distil whiskey as rich
man, came up.
Mr.. Estes moved to refer.
Mr.. French disliked the phraseology and
moved to strike out the word "distil " and
insert drink" Such amendment would
give the resolution as much force as it had
in its present shape.
Mr.. Estes motion to refer was adopted.
The resolution of Mr. Justice, of Ruth
erford. that the House take recess from
the 21st of December to the 4th of Janua-
ry next, was next reached, and after vari-
Gus attempted amendments, was adopted
| in its original shape
Mr.. Pou moved to reconsider the vote
of yesterday, by which the bill to limit
sales of bonds issued by the State, in
aid of railroads, to such sales as shall be
made at par, was indefinitely postponed
He said he did not expect the bill, if re-
considered, to be passed exactly in it's pre-
sent shape. Future sales by the railroad
corporations might be limited to 80 or 80
cents in the dollar. That amendment
would be great advantage to the State
and its taxpayers. The State bond, are
being hawked about commercial centres at
Ga and 65 cents in the dollar, to the dam
age of tax x-payers and the depreciation of
State credit. The rapid increase of the
State debt presents many grave considera-
| tons. The Constitution forbids taxation
on money, credits, investments in stocks,
| bonds, joint stock companies, and all real
and personal property, beyond 662 cents
ON the 500, of true value, per year, for
| State and county purposes combined.
! If the State draws from these subjects of
/ taxation 40 cents in the 500 pc, year, the
sum of 263 cents is left to be raised on
each 800 Of valuation Of these subjects,
and more. The Treasurer suggests 40 cts.
in the 500, for taxes for the year ending
Sept. 80, 1862 We may go through the
present fiscal year, leaving to the County
! Commissioners 26; cents on the 500 for
county purposes-a small rate, troiy, but
made necessity by our protuse Hberallty
to Railroed Companies. But how stands
| the account for the next year. from Octo-
| Der 1st, 1862, to Sept. 80, 1870, with the
present Indebtedness of the State, and
supposing the expenses of the State gov
ernment the same as for the present fiscal
year The amount to be raised by taxa
tion will De greater by SAT-. 633 than it is
for the present year.
And if the Chatham Railroad and the
Williamson and Tarboro' Railroad fail to
meet their interest. the amount to be rails
ed by taxation will be greater for the next
year by the sum Of $685. ,633. To meet
such sum, more than 40 cents in the
hundred, as property tax, would be reqrir-
ed-perhaps even the whole of the 66s cts.
allowed by the Constitution. Let us re-
consider, then, our action of yesterday. If
members here will persist in spending, on
State account, the 663 cents per hundred
of property tax. they may see, in a few
years, that their counties cannot feed pris-
oners Or build bridges, &c.
Mr.. Downing replied and concluded by
mo ing to indefinitely postpone Mr.. Pou; S
motion to reconsider.
Upon that motion, Mr.. Pou demanded
the yeas and nays. The call was not sus-
tanned, when Mr.. Downings motion was
adopted.
The House then adjourned until to NOR
row, 10 o'clock.