The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1868-12-16
ether they approved or disapproved of

sshether they approved or disapproved OF
line bin.
Mr.. ESTES said they would vote condi-
tionally. They voted on the bill with the
! knowledge that it will be amended, and gen.
tlemen would not say" approve of the
t,:l as it stands" He should propose to
strike out most of the section SO as to give
the Treasurer power to pledge certain
amount of public bonds. He must have
some security SO as to raise the money to pay
the interest falling due January list. He
called the previous question on the passage
of the bill.
Mr.. DURHAM requested that the call for
| the previous question he withdrawn. The
/; call was Withdrawn.
Mr.. DURHAM thought the bill ought not
to pass. It committed every member who
voted for it to the principle contained in the
| bill. If this bill passed, tie people would
| understand that we give power to sell out
| the bonds of the State after thirty days no.
| tice. Time would he gained by passing the
first section to-day, and Monday we could
| amend.
Mr.. ESTES moved to amend by striking
4 out the three sections. s---
Mr.. STILLEY asked if it would be bill
| if every section was stricken out.
Mr.. Durham said it would be no bill but
| the Object of the gentleman from New Han
| over is to defeat the motion to strike out
! the two sections. sil2 Hu a,t@ 500
Mr.. STILLEY did not see the necessity of
striking out the three sections. This bill
contains unlimited power There arc OBJ
jectionable fees in every section.
| Mr.. ESTES said if it was not a bill with
! all struck out after the enacting clause lie
would move to strike out all after the word
| "authorized" in the sixth line.
The SPEAKER thought that would be
equivalent to the former motion. 2a
| Mr.. ESTES said he would not vote for an
absurdity, and called for the previous ques-
ton on the passage of the bill.
The previous question was not ordered.
Mr.. SEYMOUR said he had heard of
in the State works. He had supposed the
scheme would come before US fairly on its
| merits. He believed an endeavor was going
I to be made to induce the House to do what
| we would not otherwise do l,y the plea of
necessity to sustain the public credit, and
was not willing to have the prestige of the
success OF this measure upon its second read
ing in favor of that proposition. No third
reading could he taken on an enactment
which was not an enactment. and this would
be no enactment if amended to strike out
after the word authorized.
Mr. ESTES said the statement that there
was scheme to sell out the States interest
under cover of an appropriation bill was
absurd. .-
Mr. FRENCH moved the following amend
ments Strike out in section G, line l, the
words "irom time to time," and in lines
and 10 strike out the words land on such
terms as time and place of payment as may
he agreed on" Section 2, line 3, strike out
the words ''or pledge all or any part of the"
and of all section Q after the words ''in
such" in line five; and add to section 2 the
words mot to exceed 100000 at their
par value" If 100000 was too little or
too much he was willing to accept an amend
ment but tile act should limit the Treasurer
to whit is necessary to raise $3,0OO.OOO
Mr.. SEYMOUR opposed the amendment it
opened the whole question.
Mr.. STILLEY opposed the amendment and
favored the adoption of the first section.
Mr.. SINCLAIR said it was stated that sim
ply time was wanted. The amendment is
taking the whole thing out Of the hands of
the Finance Committee. He should favor
the bill after striking out the second and
third sections.
Mr. DURHAM said the amendment pro-
posed to allow the Treasurer to pledge one
million of stocks. He could pledge a mil
lion at so cents in order to get 1895, 900,
and thus the State would lose $175,O
Mr.. ESTES had said he was willing that
provision should be inserted which should
restrict the Treasurer in pledging stocks. s.
Mr.. DURHAM, did not suppose there was
member of this House who knew the value
Of all the stocks of North Carolina.
Mr.. ESTES replied that was the reason
some discretion should be given to the
Treasurer.
The amendment of Mr.. French was re-
jected.a .f''' 's't o. sl7'. 81 f'h H's'f't I
The question being taken on striking out
the I'd and Sd sections resultetl-yeas SO,
nays 8. .4.,.
The bill passed its second reading yeas
81, nays 8. 'a ''
On motion of Mr.. ESTES, the hill was
made special order for Monday next at 10
| o'clock.
A message from the Senate transmitted a
bill to amend the act to incorporate the Yves
tern North Carolina Railroad Company and
the acts amendatory thereof. bill to amend
; an act entitled an act to amend the charter
of the Western Railroac Company, ratified
August 20, 1868, and bill to amend the
charter OF the Tarboro and Wilmington
Railroad Company, which were referred to
the committee on Internal Improvements !;
also an act to establish a new county by the
name of Dare, and bill to incorporate the
town of Marion, in the county of Mcdowell.
en- motion of Mr.. BOWMAN. the rules were
suspended, and the bill to incorporate the
town of Marion in the county of Mcdowell,
passed its several readings.
Mr. NICHOLSON introduced a bill to amend
i an act entitled San act to incorporate the
Plaster Banks and Salt Works Railroad
a Company. ;....s .i,....~. q. ,.--,.,.,. lila
/ The House adjourned until II o'clock on
Monday next. fF1.. ''
~ 'H Married: