The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1869-03-10
SENATE.
THURSDAY, March 4, 1869.

"
The Senate met according to adjournment.
The PRESIDENT in the Chair.
Leaves of absence were granted to Messrs.
Mclaughlin, Barnes and Jones of Column
bus.
Mr.. MOORE, of Carteret, from the commit
tee on Corporations, reported favOrably on
Bill to amend the charter of Silver Valley
Mining Company.
Bill to incorporate East Bend Lodge, No.
269. +. A. II.
Bill to authorize commissioners of Sails
bury to issue bonds.
Bill to amend the charter of Wilmington
Hook and Ladder Company.
Bill to amend the charter of the Atlantic
Fire Company, No. 1, of Newbern.
Bill to amend the charter of the State
Loan and Trust Company.
Bill tn amend the charter of Pineville
Water Power and Manufacturing Company.
Mr.. BRoGDEN, from the Finance Commit
tee, reported favorably on bill to incorpo-
rate the Bank OF Greensboro
Mr.. BLYTHE gave notice of the introduce
ton of a bill to make an appropriation to
aid in the completion of the Greenville and
French Broad Railroad
Mr.. BELLAMY also gave notice of bill in
relation to the county of Rocky Mount.
SPECIAL ORDER.
The special order-being the resolution to
authorize the Public Treasurer to supply
temporary deficiency in the Public Treasury
was taken up.
Mr. JONES, of Columbus, offered an amend
ment to strike out after the word .'interest"
and insert the words which has
or will accrue from time to time during the
year 1869"
Mr.. HAYES hoped the amendment would
not prevail and that no action would be
had until after the passage OF the tax bill.
Mr.. JONES, of Columbus, said that the
bonds had recently fallen to SO and Gil cents.
and it was a matter of the greatest impor-
lance tn protect the credit of the State. and
also to provide for defraying the ordinary
expenses OF the government If provision
was made to pay the interest as it fell due
only on the LIST day of January and April,
the bonds would go down, and the public
credit would thereby be impaired.
MIR. HAYES said that if the bill was adop-
ted the Treasurer would not be able to Dor
row money as cheaply as he could after the
passage OF the tax bill. He hoped that the
bill would he postponed until after that
time. He moved to refer the bill to the
Committee on Finance. ss flsif
MIR. GRAHAM was CT the opinion that the
State could not pay the accruing interest
this year. Provision ought to be made for
funding the interest as it fell DUE He was
willing to pay every obligation the State
was under. but was not disposed at present
to borrow money to pay debts past due.
Mr.. BARROW said that North Carolina
had agreed to pay the interest, and to carry
out the suggestions of Mr.. Graham would
about amount to reputation. Merely to give
bonds for the interest falling due, would be
attended with as much loss of credit to the
State as not to pay the money. Such action
would not at all reduce the debt ofthe State.
The motion to refer the bill to the Fl,
nance committee then prevailed.
Mr.. JONES, of Wake, introduced bill in
favor of the Merchants and Firemen Insu-
rance Company. Referred to committee on
Claims.
The bill to create Board of Public
Charities and to prescribe the duties thereof
was put upon its third reading.
Mr.. LOVE moved to amend the second
section so as to fix the annual meeting of
the Board on the first Tuesday in October
Lost. .,,.....f, = ,....i... G, ,...,..- ~
Mr. LOVE moved to amend so as to pro-
vide for the payment of the expenses of the
Board as incurred by travelling from their
!. residences to and from Raleigh.
Mr.. STEPHENS moved to amend the amend
ment by inserting land also their expenses
while in Raleigh" Lost, no quorum voting.
The amendment of Mr. LOVE was rejected.
s.i Mr.. LOVE moved to strike out. the fifth
section, which makes it the duty of one or
more members of the Board to make care