The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1868-12-16
SATURDAY, Dec. 12, 1868.

The journal of yesterday was read and
approved.
Leave Of absence was granted MIR. Graham
from the l4th to the 18th OF December.
A message was received from the House
Transmitting bill to incorporate the Land
and Lumber Company of North Carolina.
Referred to the committee on Corporations.
Mr.. LAssrTER presented memorial of
Messrs. Pearce and Best, relative to map Of
North Carolina, and asking access to public
documents. A resolution that effect was
adopted. ...
Mr.. MOORE of Carteret, offered resolution
in favor of ]. II. Davis.
On motion of Mr.. HAYES, a bill in relation
to Superior Courts was taken up and made
special order for Tuesday next.
Mr. Rich presented report of committee on
Internal improvements, relative tG bill to
amend the charter of the Cheraw and Coal
fields Railroad.
On motion of Mr.. BEEMAN, the rules were
suspended and the bill taken up4f
Mr.. SWEET was in favor of the bill itself,
but was afraid that it was but the forerun-
ner of another, asking for an appropriation.
Mr. RoBBINs was in favor of the bill and
hoped it would pass, but should vote against
any appropriation.
The hill passed.
Mr.. Cook moved to reconsider the vote
whereby the consideration of the hill au-
thorizing the consolidation of the Atlantic
& North Carolina and North Carolina Rail
Roads was postponed. e.s
The motion prevailed and the bill was ia
ken up. 4rzr
Mr.. GRAHAM offered an amendment pro-
viding that the rate of individual stockhol-
ders should decide the question Of CONSOLE
dation.
Mr. ROBBINS favored an amendment and
| if it was adopted should vote for the bill.
If not adopted he should feel bound to OPP
pose the bill in infringing upon private
| rights. .I..
Mr.. SWEET did not think it right for the
State not to have its stock represented.
1t was a queer partnership in which one
fourth interest could control three .fourths
interest.
Mr.. ROBBINS in framing the amendment
did not oppose the object of the bill, but he
did not think the State had right to take
away the chartered rights OF individual
stockholders.
Mr.. LAssITER thought this was complete
I ly running the common rules of partnership.
If men went into partnership with equal
interests they exercised equal control. But
it would be strange thing if man
owning a three-fourths interest should be
controlled by one who only owned one
fourth interest. Yet this was what was now
wished for. The individual stnckhol-
ders who owned not one-fourth of the stock
were to have complete control and the
State, which owned three-fourths of the
stock was to have nothing to say in
the matter The State was represented
in both roads and so were private stock
holders, and both parties should have their
rights and minority should not be
allowed to rule majority. He was not
sure but consolidation would be good
| thing for the State and for the road 1t
would build up great united railroad line
in North Carolina. He thought this meas
ure would prove beneficial, if it did not it
would do no harm for the stock of their
roads was lowering in value every day and
if nothing was done it would soon be worth
nothing.
The amendment was rejected by the fol-
lowing vote:
YEAs-Messrs. Barrow, Barnes, Beisley, Bee
ludn, GppcS, UTaudIu, huntington, Love, Mason,
Melchor. Mclaughlin, Osborne, Purdie, Rob-
bins, Scott, Shofner, Welker, Wynne.
! NAYs-Messrs. Bellamy, Brogden. Blythe, Col
grove, Cook, Davis, caves, Etheridge, Forkner
Hayes, Hyman, Lassiter, Legg, Long, Martin
dale, Moore, OF Carteret. Rich. Richardson, Res
pass, Smith, Sweet, White.
Mr.. WELKER thought this bill had got
into the ring, and all argument upon it
would be useless. He was connected with
no ring and voted upon these matters SIM
ply as North Carolina Senator. He hoped
that the bill would not be passed but that
time would be allowed for consideration,
as it had been under consideration but q
few days. aa.t.a ,,ss.. ...La
Mr.. SWEET thought the Senator from
Guilford was mistaken in supposing the
time was but under consideration. For
more than twenty years the project of bull
ding up seaport city in North Carolina in
stead OF some neighboring State, by build
ing through railroad line had been under
consideration. He thought this consolida-
lion would be a good thing. ia @
MIR. ROBBINS could not vote for the bill in
its present shape as it placed stockholders
In different position from what they &C.
cepted when they took stock in those roads.
He protested in the name of those of his
constituents who owned stock in those roads
against this Infringement of their right by
the State. He considered this bill as a blow
against all other railroads in the State and
as an effort to save the Atlantic 6 North
Carolina road by lacking it up on the North
Carolina road without allowing the stock
holders of the last named the right to say
anything about the matter
|
from Guilford, and thought more time should
be allowed for consideration. He moved to
postpone the bill until Friday next.
The motion did not prevail.
The bill passed its final reading by the fol
lowing vote:
YEAs-Messrs. Barrow, Beasley, Beeman, Bel
lamy, Brogden, Blythe, Colgrove, Cook, Eaves
Etheridge, Eppes, Forkner, Hayes, Harrington
Meo,s Leg Lindsay Low Mason p;n
Richardson. Respass, Scott, Shoffner, Smith
Sweet, White and Wilson.-S2. 'ui
NAIs.-Messrs. Barnes. Burns, Graham, Long
Melchor, Mclaughlin, Osborne, Robbins ant
Welker.-9.
Bill to amend the charter of the Williams
ton and Tarboro Railroad came up for thirt
reading.
! Mr. BARROW offered an amendment, which
was adopted.
The bill passed third reading.
MIR. SHoFFNER gave notice that he should
protest against this and all similar bill
which might be offered or which had beel
passed.
Bill to separate the Eastern and Western
division of the Wilmington, Charlotte ant
Rutherford Railroad came up from thirt
reading.
Mr.. Romans approved. There was
railroad ring which was running the Stat
into debt from which it could never recoy