The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1869-02-03

l. !.
| approved.
! Brief leaves of absenec were granted
Mcssrs. Hutchings. Smitho f Wayne, Harris
/ of Wake, Malone, Parker, Hayes and Shaver.
| Mr.. HINNANT, frsim the Committee on En-
rolled Bills, reported the following acts cor
rectly enrolled, and they were thereupon
/ signed by the Speaker sg af sssH
Act to authorize w. ID. Justice, former
sheriff of Henderson county, and other
| sheriffs, to collect arrears of taxes for the
| years 1S66-'87 act to amend the charter oil
the town of Elizabeth City and certain acts
| amentlatory of the said charter; act to in
corporate Carolina Lodge, No 241, at Anson-
vile, in Arson county act to incorporate
the town of Marion in the county of Nc
Dowcll act to transfer cases from the dock
ct of the late Criminal Court in Craven
county to the Superior Court of the same;
resolution in regard to the printing of the
laws; and resolution in favor of the sheriff
of Brunswick county. @ae ESQ ttg
Message from the Senate returned several
House bills without amepdment. and bill
! to incorporate the NIadfon Mining Com
pany, with an amendment. ~ =
The amendment was c0ncurred IN. 9e9s6
Mr.. STn.LEY, from the Special Committee
on the Convention and It's Ordinances, re-,
ported that the committee found nothing
requiring legislation, and. asked to he dis
charged. ~ 1880 $500.
Mr.. STILLEY introduced bill to amend
an act concerning the Register OF Deeds.
Passed its several readings. 800 ia
Mr.. BARNETT introduced a bill to restrict
the Jurisdiction of the Superior Court and
justices Of the peace, to one-fourth OF the
principal money due on old debts. Referred
and ordered to be printed. 'e
Mr.. FRENCH, from the Committee on
Townships, reported favorahly bill to
allow the Commissioners of Camden county
to levy special tax.
Bill to Incorporate the Castle Hayne Vine
yard Company. passed is several readings.
On motion of Mr.. fNGRzM, bill TO ussths'r-g
ize the Commissioners of Arson county to.
levy special tax was taken up. Passed
third reading-yeas 60, nays O. ell
On motion of Mr. WEIGH, bill to incor
porate WaynesvilIe Lodge No. 259 A. Y. M.
in the town of Waynesville, Haywood
county, passed third reading under sus-
pension of the rules
On motion OF Mr.. HUMPHREYS, bill to in
corporate Atlantic Lodge No. 23S, A. Y. M,
in the county of Currituck, passed third
reading.
Mr.. HARRIS of Wake, called up bill in
favor of Mark NJ. Williams, of Wake county.
Postponed two weeks.
CALENDAR.
Bill relating to Lake Phelps. passed third
reading.
Senate Joint resolution directing the Pub
lie Treasurer TO pay witnesses before the
PrrI n N
Corruption, passed third reading-yeas Co.
nays 8.
SPECIAL ORDER.
House bill No. III, to amend the charter
OF the Wilmington, Charlotte and Ruther-
ford Railroad, to provide for the completion
of said road, and to secure to the State
representation in the company was taken
up.
On motion of Mr.. FRENCH, the following
amendments were made:
Section 3, line 4, after the word "decis-
ion.n insert the words " the first portion of
said amount expended to be expended in
completing said road to Rutherfordton."
Section 4. line 5, change the word ''ac-
ceptation to acceptance" and line IL
change who to (which" l
Mr. FRENCH moved to adopt the following
proviso offered by Mr.. Estes as sections Z
and s:
Povidcd, That on or before the day upon
which the first coupon of the bonds authorized
to be issued by this act shall become due, the
President of the above named Railroad Company
shall pay to the Public Treasurer, either in cash
or IN maturcd coupons Of bonds upon which the
Public Treasurer is made to pay the interest
under this act, the sum of one hundred and twen-
tlOnSluQ
upon which the second coupon OF the bonds au
thoriZed by this act shall become due, the Presi-
dent of the above named Railroad Company shall
pay in like manner the sum OF one hundred and
twenty thousand dollars; and on or before Inc
day upon which the third coupon as aforesaid
shall become due, the President above named
shall pay to the Public Treasurer In IKE manner,
the sum Of eighty-tive thousand dollars; ana on
or before the day upon which the iourtn coupon
as aforesaid shall become due, the President
above named shall pay to the Public Treasnrcrin
like manner the sum of forty thousand dollars.
Proriled, That of the bonds authorized TO be
issued under this act, seven hundred ana twenty
Thousand dollars shall be retained oy the fuphe
Treasurer as collateral security for the faithful
performance OF the conditions oil the preceding
section; and that upon the payment Oh inc hrst
one hundred and twenty thousand dollars As
aforesaid the Public Treasurer shall De autho-
rized to deliver to said Railroad company, TWO
hundred and forty thousand dollars OF the above
named seven hundred and twenty thousand Col
lars of bonds and upon the payment oil the sue
ceeding amounts named in said section, the Pub
lie Treasurer is authorized to deliver bonds to the
amount o, double the sum paid, until all said
bonds are delivered to said Railroad Company;
P-oyiIed, alAo, That at the expiration OF two
wears from the date of the first coupon of the
bonds authorized in this act, the Public Treas
urer shall be authorized to issue to said Railroad
COMPANY an additional amount OF bonds equal
at their par value to the amount paid in cash by
said company in behalf OF the State according TO
the provisions of section OF this act, said bonds
to be in all respects similar to those authorized
to he issued by this act.
The amendment was adopted.
Mr.. FRENCu moved to amend sec. 2, by
inserting after the words 'per cent" the
words sin gold" so as to make the principle
and interest of said bonds payable in gold.
Mr.. FRENCH SAID these bonds would be
worth 90 to 95 cents in the market, and as
we were rapidly approaching gnld basis it
would he no more difficult to pay them when
due than if we made them payable in curren-
CIV and received only 60 or Us cents for them;
so that it would be gain of about so per
cent to pay in gold.
Mr.. HoDNETT said the people could pay
the taxes now easier than when the bonds
would become due, and den6u nced the
amendment as a scheme for the benefit of
Wall Street bondholders. f'a
Mr. PoU said if he was in favor of the
railroad bills he should favor the amend
ment The principle was correct one.
'Fhe amendment was adopted-yeas 81,
nays 80.
Mr. DURHAM moved to insert as section o:
"All dividends that may hereafter accrue
TO the State upon stock owned by the State
in soid Railroafl Gnmp.tnv mr. az m,1ph thcrn
of as may be necessary for that purpose,