Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1872-02-02
REsOLUTToN OF THANKS.
From the Raleigh Sentinel.
REMARKS OF j. ID. STANFORD.
On the RiIl 10 he Entitled am Act Con.
eerning the Public Debt in the
House Oh the I2th instant.

On the Bill 10 he Entitled am Act Con-
oersaing the Public Debt i'm THE
House Oh the I2th instant.
Mr.. SPEAKER Il have listened. as |
always do, with great kdeai Of pleasure,
to the speech of my respected friend from
New Hanover, MF. Ashe, and to many OF
the sentiments which he has uttered L give
cordial and hearty assent, but, sir, sense
OF duty to the people Ofthe State, especial
ly to those | have the honor in part to
represent upon this floor. and, | may add,
to the creditors of the State, compel me to
dissent from the positions assumed by him
and to send TO the clerks desk some very
material amendments to the bill which he
has submitted for our consideration. MY
friend from New Hanover and myself de-
sire to accomplish the same objects name
ly to settle this question OF the public
debt upon principles of justice and equality
both to the creditors and TAXPAYERS ot
the State, and to preserve untarnished, as
far as possible, her faith and credit, and to
smother in its very incipiency the cry of
reputation, but we differ very materially
as to the best course to be pursued to ac-
complish these very desirable re-
suits. The time, sir, has arrived when
this question OF the ,rbGc deb
should be adjusted upon a per-
manent b4zil. Tie Interest is rapidly ac-
cdIAulating, the public mind is excited
relative to it, and each year it is delayed,
will render it more difficult Of settlement :;
and besides, the people, are expecting and
demanding it 1t the hands Of this legsla-
ture, and take far deeper interest III it
than any other question that IS belOge us,
simply from the fact tlav ghey are more
vitally inte<e9ted, and I lnay add, sir, that
candor and good faith towards our credit
10 4
what they are 10 receive and not be kept
cOnversant with the sentiments Of this
House must know that the bill as adVOca-
ted by my friend cannot possibly pass, and
even if it were possible to get through tie
legislature, our constituent would not en-
dOrse our octicIl, ssnrt 'lhc places that now
knew ~ Wo4n know us 10 more forever.
: Then, sir, IN my humble judgment the
| best thing wc can do, will be to adopt tie
amendments propose, and so amended, l
firmly believe it will pass this House and
/ the other branch Of the Legislature, and
| what is better still, will receive the sanction
of the great mass of the hcness T90fnanry
of the country, ard we will receive at their
hands :}lo p4auHiI, 1'well done good and
faithful $er3ants," and this VeXed and
+ Troublesome quest ;GIl VIII have been put to
rest-N3Ttil Carolina will again start
! upon Il career OF prosperity and hap
/ pincSs. AS gentlemen. will observe from
! the reading OF my amendments by the
| clerk, i propose to amend the bill by
| striking out fifty in line ten, thirty n dine
! twelve and twenty-five n -inc nineteen, and
! inserting Respectively twenty-five, fifteen
] and tcn, Qr in'Other words instead of allow
! ing fifty per cent. of the principal and i'll
! terest OF what IS known as the old debt
/ nd aH m
| thirty per cent. of principal and interest OF
! bonds issued under the funding acts OF
| 1866 and 1868 fifteen per cent. and instead
! of twenty-five per cent. Of all other bonds
! issued since April II, 1865, other than
bonds known as special tax 2Qnds, peni
tentiary bonds, &c, ten per cent. and il
| seems to lpe ,hat ! Ctfer a compromise upon
which al parties may safely and consist
entity harlnonize. While the great mass OF
the people OF North Carolina are as honest
and have as much regard for the sanctity
of their contracts as any people on the face
! of the earth, it is worse than folly to talk Of
ability TO pay the present State debt OF
even as large portion Of it as is propos
ed by the bill under consideration; and !
they are driven to an election between rc
pudiation and financial run t. themSelve.
and their children, !. GOe4 not require
great dea. o. sagacity to ioresee the result
While they are anxious and willing to pay
they are unable, and we had as well re
oogniZe the unpleasant fact and shape on
legislation accordingly. 1t certainly is thC
part OF prudence and wisdom to do so, ant
I warn gentlemen. here to-day, that if the,
do not accept my proposition they may hav
to put up with great deal less, and if it j
adopted l don't know that the bond-hold
ers will have any great cause OF coInpklint
for we have all had to subnit 20 losses an
sacrifices, and see 0nr fortunes swept ava
: in moment, a. 1t wore, and i'll the RUNE
| and pfostrate condition Of our people
, would be unreasonable and unjust to lie
: mand more Of them. | did not rise, sir, fc
: the purpose Of entering into any elabOrat
discussion of this bill for l conceive thu
; would be entirely unnecessary, and us,
| less consumption OF time, but simply to il
| dicate my views and to suggest a Uomprt
2 mise upon which we can all harmonious
3 unite and thereby relieve the public 1Gin,
and avoid any further agitation # til
e vexed and troublesome question, and wi
+ resume my 2eat by earnestly appealing
n all parties on this floor to come forward
: a spirit OF cOncilatiOn and concession, III
C support my amendments, which, i'll II
r humble Judgment, will settle this questiC
i OF the public debt upon a basis Of justi
L and equity alike to creditor and debtor.
The son OF Colonel Horace Capron. fc
merly United States Commissioner Of A
, riculture, is at present employed in t
purchase of blood stock for shipment
!, Japan, whittier his father has already 90
= to superintend the introduction OF mode
;. improvements into the Empire. The catt
4 sheep and pics are selected from the bt
: cross breeds in the country. Mr.. Capr
=, will also purchase, tor account of the JaT
II neSe Government, large quantity Of o
% most approved agricultural implements.
E. A Des MOines girl, enjoying buggy ri
h with her lover, had her chignon remov
by horse which was driven up behind.
m Just as the thing was done, the driver
S, the horse whipped up and passed the Il
l. ers and whirled away, the chignon daI
le ling from the horses mouth.
The editor of the Chicago Post te
I. this: '.What would you do if mann
should die" asked a lady, with whom
have tire honor of an intimate ac4uaintan
lis of little thyee- -ye;,r I'D oiil that
e. WouIdn't take 500 for. wv T. ni.'mm;
OF was the melancholy RESPONSE, - , i,vs-
II, should have to spank myself"
a. a, The eleven territories exceed by nea
~ N 100000 square miles the aggregate area
- ~ all the present admitted States of
40 Union. ..
a. neat, clean, fresh-aired, sweet, che
he full, well arranged house, exPrfsa a mo
influence over its inmates.