Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-03-05

IN motion OF Mr.. BOWmau, Inc Tules
core suspended, and the bill laying the
homestead and personal property exemp
ton was taken up.
The question required upon Mr.. MOore'i
substitute for section of the bill.
After long discussion the previous
question was called and the substitute was
adopted by vote of yeas 81, nays 81. :.
On motion, the House adjourned until
10 o'clock tomorrow morning.
SENATE.
SATURDAY, Feb. 27, 1869.
PETITIONS.
Mr.. Cook presented petition from the
merchants of Wilmington, protesting
against the passage of the bill relating tc
the weighing of rosin at the Port of Will
ninpton. Referred to the Committee or
Agriculture and Mining.
Mr.. Robbins presented a petition from
r. F. Miller, of Salisbury, he having paid
the tax of $50 to retail spirituous liquors
and having been deprived of that right by
an order of Gen. Sickles, asks the Genera
Assembly to authorize the Treasurer to re-
fund the tax.
A message was received from the House
transmitting the following bills, which
Bill to Incorporate Middle Falls Manu-
featuring Company in the county OF Rich
mond.
Bill to establish the Wilmington Water
Works Company.
Mr.. Sweet moved that the rules be sus
pended in order to consider . A bill to
am-nd an act entitled an act to amend the
Charter of the Oxford Branch of the Raj
eigh and CASTOR Railroad.
He said he desired to state briefly the
purpose of his bill and the importance oil
Immediate action. It will be remembered
that at the commencement of this session a
bill deliberately prepared, was introduced
to authorize sale of the stock of the Stat.
in her Railroads. This proposition aroused
such storm Of Indignation that it's friends
allowed it to sleep the sleep that knows no
waking. Senators will be astonished to
learn that a private law ratified on the 3 i
inst authorizing the sale OF every dollar OF
Railroad stock owned by North Carroll
Ia. In this private bill nesting like kel-
nal of wheat in bushel of chatf, Is this
Objectionable provision. This provision
invites capitalists to impair our credit un,
til they can go into the market and pur-
chase, for mere nominal consideration
and by an exchange Of them under this
provision, wipe out, under the form OF law,
some tOe,aty millions of Railroad stock own
ed by North Carolina. AS to the import
auce of immediate action the section al
luded to reads as follows
Sec A. Said Eastern and Western Rail
road may, at any time before maturity,
purchase the stock of the State of said
Company, by returning to the State like
amount in coupon bonds OF the State, or
any other inc ebtedness of the State. or In
national currency, and any Company In
which the State is stockholder may, at
any time within the said time, avail them
selves of the same privilege, provided such
corporation shall, within twelve months
after the ratification of this act, notify the
Governor of the State of its adoption.
You will observe, Mr.. President, that
railroad companies are invited to accept
this section as part OF their respective
charters and when this is done, the ques-
ton of vested rights will be interposed to
defeat any attempt at repeal.
Messrs. Graham and Welker followed IN
advocacy of a suspension of the rules, and
Messrs. Winstead and Lassiter opposed it.
The motion was lost:
NAYs-Messrs. Colgrove Forkner. Hayes Jones.
of Wake, Lassiter, Martindale, Smith, stephens,
Winstead and Wilson-10.
"a. Required twenty-si1 to suspend .h e
rules.
The following bills passed their several
readings, viz
Bill to authorize the Commissioners of
the county of Arson to levy special
tax.
Bill to transfer portion of the Fayette
vile and Albemarle Plank Road to the
county of Montgomery.
Bill to amend an act to incorporate the
Carrolton Copper Mining Go. of Balti-
more.
Bill to protect the State against the
fraudulent sale of property, for the use OF
tie penitentiary.
Mr.. Robbins moved to insert an addi
tional section, to wit:
That the State makes no claim to the
lands for which said bonds were issued in
payment, and the parties to whom the
same were issued are hereby required to
return said bonds to the Treasurer of the
State.
Which was adopted and the bill passed
NAYs-Messrs. Cook, Davis, Galloway.
colored, and Stephens.
Bill to incorporate the Wilmington
Steam Fire Engine Company.
On motion the Senate adjourned until
Monday morning at 1G o'clock.
HOUSE OF REPRESENTATIVES.
SATURDAY, Feb. ~, 1869.
RESOLUTIONS, &c.
BY Mr.. French: resolution fSenate
cOncurring) that the House take recess
from Monday, March LIST, to Monday,
March 9Th.