Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1868-12-18

L.
lists of 1869, and to pay the same from the
first money received into the Treasury
from any other source" Carried.
Mr. Estes offered an amendment to sec.
ton l, to strike out in line 5, the words
. and other appropriations made by law :
also, in line g. the words i" from tine tc
time - also, in line 8, the words "wan:s OF
the Treasury" and insert the words IS in
terest due jan, 1862"
! Mr.. Malone moved to further amend by
striking out, in lines 8 and 9, same section.
the words mot to exceed 8 per cent" and
insert the words sat legal rate of in.
terest." ..r.-
Messrs Estes and Downing opposed this
amendment.
Mr.. Malone, in defence of his amend
ment said
| The gentleman from New Hanover says
my object is to defeat the bill and 10 pre-
vent the payment of the interest to fall due
in January I deny the charge. Having
taken an cath to support the constitution
! (which makes its obligatory on this body
to provide for the INTEREST," I shall faith
fully support the same. But if [ were dis
posed to impute motives / might say that
the effect of the legislation of this House
is to place ell the sacred interest OF North
Carolina in the hands of the capitalists of
the country. [ would ask why the State
has lost her credit Under resolution,
ratified Sd day of August, 1868, the Treas
urer did borrow $780, 900 at six per cent
But now it seems that after the State has
been thoroughly reconstructed-after the
constitution has provided for this payment
by taxation, the credit of the old North
State has gone down until we have to pay
s per cent Interest. Five months ago we
could get money at per cent. now behold,
we must not only give collateral security,
but must give 8 per cent.
Is it not strange that, after all that has
been said about the looming credit of the
old North State, she hes made such ter
ribly bad reputation that it is now difficult
to borrow money at all. 1t is known that
the government of the United States, and
even individuals, can borrow money at 3
and per cent. II this is the condition Of
North Carolina i6augurs badly for the fu-
tnre Ii our credit Is getting worse it is
better to stop reconstruction.
We Lave fallen OH strange times indeed.
The whole interest of the State seems tend
ing rapidly into the grasping power and
control Of the capitalists who Intend to take
the advantage OF Our pressing necessities.
The people must suffer greatly over this
unparalleled system Of esiei>ttion. l hope
the amendment Will bass. Tie Treasurer
the loan "a per emit, which is III fac: the
< III rate of !uter, 81.
Me>sls. Vest aud French both opposed it
Mr. Sinclair took the floor IL oppositl n
10 ALr. ltlUnes amendment
Mr. Estes called the previous Qne1tlon,
and, the call being sustained, the gu stiun
REQUIRED upon Mr.. Malone's amenuuent.
Mr. n. called for the yeas nd nay S, aud,
the call being sustained, resulted Yeas
43, Ma! 81.
Tue Question REQUIRED upon Mr. Estes
amendment. Tie question being put, it
Was carried.
Upon tie passage Of the bill, as amended.
the roI! was called, and the vote stood,
yeas 70 nays q.
The following gentlemen voted in the
negative, viz.
MessrS. Allison, Boddie, Durham, Ellis,
Ferebee, Gibson, Green, Hawkins. Hod
nett, Humphries. Moore, Nicholson. Pain
ter, Pou, Shaver. Smith, of Allegheny,
Sweat, colored, Thompson aud Williams,
Of Harrett.
Mr.. Estes moved to reconsider the vote.
Mr.. Latin moved to lay that motion on
the table. Carried.
By consent Mr.. Latin, from the Com
mittee on Internal Improvements, reported
upon the following bills:
A bill to amend the charter Of the Will
liamston and Tarboro' Railroad, recon-
mending its passage, with certain amend
ments.
A bill to be entitled an act amendatory
of the act to incorporate the Western
North Carolina Railroad and acts amenda-
tory thereto, recommending its passage.
Mr.. Latin now moved to suspend the
rules and put the bills just reported upon
their second reading, then print aud
let the discussion come on their third
reading.
Mr.. Seymour opposed the motion. He
would not be hurried into voting thus
blindly for the appropriation OF millions.
He Was for internal improvements, but he
wished to have a fair opportunity to con
slider. He therefore moved to print and
make them the special order for the 9th of
January.
Mr.. Latin moved to lay the motion on
the table, and for call Of the yeas and
nays.
Pending that motion, the House, on
motion Of Mr.. Malone, adjourned until 7!
O'Clock this evening.
SCHOOL REPORTS. We have at last been
enabled to obtain glimpse Of the consol-
dated school report for the county OF New
Hanover, which came in so irregularly that
the Commissioners were unable to com
plete its compilation until last evening. -
This report is for the several precincts ia
the county and shows the number of chill
dren between the ages Of and Fl years,
both white and colored. II was compiled
in accordance with the provisions Of the
State Constitution and acts passed by the
General Assembly, with view to the car
rying out Of the Public School System and
that the county may be divided into Dis
tricts for this purpose. The folio wing are
the figures shown by the report, which we
condense for public convenience
WHITE. jCOL'RDn
PRECINCTS. TTT1T7
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Wilmington list Ward zoe ~ 23ol 345 99l
.: I'D . I5S, 17G 175 1H4 TOP
I'D d" 203 1877 16 1911 7i9
-4th Z" 12G 1l5 81 tel 4-8
Ea5arsl Point H 81 4l4 81 2 II l31