The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1868-12-23

terest not TO exceed eight per cent, and on such
terms as to time and place Of payment, Us may
be agreed ON; the time of payment not to be la
ter then the day fixed by law for the payment
OF public taxes into the Treasury" a.,:,,s
Mr. ESTES said the amendment provided
for the payment of the interest due January
l, 1863, not for rany other appropriation, but
for the simple interest; and to raise the
amount he is authorized by the second Sec
tion to pledge So much of the tax list due in
1869 as may be necessary tn pay tins amount,
and further to pay the money borrowed from
the first money received into the Treasury
from this or any other source. 1t Was
thought that would be sufficient to enable
him to borrow money to meet the interest
due January 1, 1869. ,a .a.g 7i.5s ,ai.li
Mr.. Pou inquired whether there is any in
terest due january !, on bonds issued to
railroad companies. m aas ss.. es.i41
MIR. ESTES understood this to tax old
bonds. IN ..-..-,..-fi H.. u ;,iI-a,.5 o.
Mr.. DowNING should oppose that bill if
he had not an assurance from the Chairmanof
the Finance Committee that a bill would be
shortly presented to raise sufficient revenue to
meet the necessary expenses of the State. A
member of the Senate in his place on Satur-
day last made the assertion that the legisla-
tion now in operation was a swindle and in
tended to he swindle, that we never inten-
ded to pay these bonds. He, Mr.. Downing,
wished to have such bill presented as
would furnish a sufficient amount to pay all
the interest on all the bonds and the expenses
OF the government, to show the people that
we are honest in our legislation, that we not
only mean to pay the principal but the in
terest, so that our bonds may not be reduced
to nothing in the Market rJ5 raI..sla.
Mr.. MALONE moved to amend section ono
by striking out Interest not exceeding the
rate of eight per cent" and inserting 1.-THE
legal rate of interest,"" iliti1-. MI
Mr.. ESTES thought the object of that was
to kill the effect of bill, because we cannot
borrow at six per cent. The bill gives no
security at all, and it would be doing exceed
ingly well to borrow money at eight per cent.
Mr.. DOWNING thought the amendment
would defeat the payment of the interest.
Upon no kind of security could man now
borrow money at six per cent. ter.1
Mr.. ESTES called the previous question.
The amendment of Mr. MALONE was lost
yeas 43, nays 54 5sf os q. .u4- +,
ted. . aa{ s5-e 1a as-a IS
The bill passedits third reading 70,
nays %, as follows: M .s13s 81
YEAs-Messrs. Amts Argo, Armstrong, Ash.
worth, Banner, Barnett, Barnes, Blair, Gambler,
Carson, Carey, Clayton O Transylyania. Down
ing, Ellington, Estes, Forkner, franklin French,
Gatiagan, Gruhan, Gunter, Harris OF Franklin
Harris of Wake, Hayes, Hendricks, High, Hin
nant, Hodgin, Hoffman, Horney, Hudgings, In
gram, Justus of Henderson, Justice OF Rutler
lord, Kelly OF Davie, Kelly oil Moore, Kinney,
Latin, Leary, Long OF Chatham, Long OF Rich
mond, Malone, Mayo McCanless, Mendcnhall,
Moring, Morrill,, Morris, Parker, Pearson, PROF.
tor. Res. Renfrow, Robbins, Robinson, Reynolds,
Seymour Short, Siegrist, Sinclair. Simonds, Smith
of Wayne, ,Snipes, Stanton, Stilley, Sykes, Yes
tai, Vest, White, Whitley, Wilson and Wiswall
10.
NAYs-Messrs Allison, Boddie, Durham, Ellis,
Ferebee, Gibson, Green, Hawkins, Hodnett,
Humphries, Moore, Nicholson. Painter, Pou,
Shaver, Smith OF Allegheny, Sweat, Thompson
and Williams OF Harnrtt-22. It'll
Mr. ESTES moved to reconsider the vote
by which the bill passed third reading.
Mr.. LAFLIN moved to lay that motion ON
the table. t9ss .r rai 'is
The latter motion prevailed 4''''-. 't
On motion of Mr.. STILLEY the resolution
in favor of Willie D. Jones and other parties
was re committed to the Committee on
Claims. 1srrh esAob teHal
Mr.. LAFLIN from the Committee on Inter.
nal Improvements, reported the following
bills favorably: .-1Js.5s 5sl. b 3, sia-iE
Bill to amend the charter of the Whining
ton and Tarboro Railroad Company, with a
substitute including certain amendments to
the original bill;
Bill 10 amend the charter of the Western
| North Carolina Railroad and the acts amen
datory thereof; .l 81 ,it.s,r4.t.. .,-
Bill to amend the charter of the Western
Railroad Company, with an amendment;
| Bill to established a turnpike road from
Marion, in the county of Mcdowell, to Ashe-
vile, in the county of Buncombe, with an
additional section. s.o. 4, .,re.1.-
| Mr.. LAFLIN moved suspension of the
| rules to consider the above bills. a15j--a
Mr.. SEYMOUR opposed a suspension ol
the rules on such important hills when there
| were so many members absent, and moved
to postpone until January 9th. rs, Is, b.,
Mr.. HARRIS, of Wake. said absent men,
bers were answerable to their constituents.
| Members present must decide business before
| then.. b. s..tss.l,..s-, .Il as ~ -,ig
Mr.. LAFLIN moved to lay the motion tn
postpone ON the table, and called tor the yeas
| and nays. IS s 3 -.9r.~ 2 ,7rs pgg -
l CuOiuS thC niVtpu w P'otPShSS SAA~
House adjourned until u o'clock. 81 arsl
EVENING SESSION. g,o NJ Is
The House reassembled at 7:30 P. NJ ~
| A message from the Senate was received
transmisting House bill to amend the char
ter of tile town of Fayetteville. with ar
amendment making it apply to all the towns
| in the State. a-"i a''ih"-'iifl 20 Nisi' lt
| On motion of Mr. LEARY the amendment
of the Senate was concurIed in. r!Hi
| Amessage from the Senate was received
transmitting for concurrence Senate bill No
So to reenact and confirm Ncertain acts o
the General Assembly issuing bonds to ant
for certain railroad companies. Referred u
the judiciary Committee. p. = el5f'H g
| The motion failed. ar S 's-''l-- ;
| The unfinished business of the morning
session was taken up, the pending question
being on the motion of Mr.. Latin to lay o.
the table The motion of Mr. Seymour to post
,,one until January 5th the consideration O
certain Senate bills, reported favorably fror
the Committee on Internal Improvement
/ Mr.. SEYMOUR, rising to a point of or,lel
said the motion to postpone was pnviies
ed question. The motion to lay on the tabl
/ was also privileged question, and one pr
vilegcd motion cannot be made upon az
other privileged motion. - ia.', p
/ MIR. LAFLIN called attention to rule 25 {
the House and contended the motion was
order. iii ;efoiA -G4tiL Tla - - ="
The Chair decided the motion to lay o
the table could not be applied to the motto
to postpone.
The question recurred on the motion
postpone until tile 9th day of january
Messrs. Harris of Wake, Hayes and Dow
ing opposed the motion to postponc.