The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1891-01-09

hES'hVED by the House IF Represen- |
tatives OF North Carolina, the Senate
| concurring,
That our Senators in the Congress of
the United States, be and are hereby in
strncted, and our Representatives re-
qaested to use all honorable efforts to
secure the passage of an act to repeal the
ten per cent tax in the State Banks of
Issue, as 1t now exists under the United
States Internal Rev. laws, to the end
that the financial condition of our peo-
pie be relieved, as soon as it is possible
to accomplish that result, and that a
copy OF these resolutions be sent to each
OF our Senators and Representatives.
Mr.. SuttOn's Speech.
He urged that this resolution be-
adopted; that the rules be suspended
and that it be taken from the calendar
and placed upon its passage. He de-
clared that he did not oppose national
banks, but he wanted to destroy the
monopoly in banking, and he wanted
competition among lenders. He spoke
upon the necessity of a circulation that
would be large enough and that would
be entirely safe.
Mr.. Rays Objection.
hL. mays VI maCOu, ulO uOU U6Slr6 10
oppose the bill, but he thought it too
important matter to be rushed through
ln summary way. He moved that it
be referred to some appropriate commit
tee.
Col. SINNERS Speech.
Mr.. Skinner, of Pitt. was in hearty
accord with the resolution. He said that
an act of Congress that forbade states to
, issue currency has done more to encour-
age patriotism than any other measure.
1t is important to push this matter as
! rapidly as possible We ought to take
: all laws against State banks from our
books, and formulate system of State
. banking in this body. With all their
: faults, tho old State banking system
gave US home currency and was in
i tnitely better than that we have had in
: the past five years. The old State bank.
= ing system can be improved upon, sc
" that its issue will circulate in any State
:. in this Union. There is enough talent
here to frame wise law that will make
State banks more valuable and safe
a than any banks We now have.
MIR. Sutton Again.
a. Mr.. Sutton declared that this resolu
ton enacted no law, and, therefore, b.
TO could not agree with Mr.. Ray. He re
r ferred to the failure of the People
Bank, of Fayetteville, and said that j
10 we had been permitted to have Stat
he banks this great calamity would hav
,o been averted. He made an argumen
ed against the monopoly Of the Nationa
Banking Act.
to Mr.. JOnes's Suggestion.
lc- Mr.. Jones, of Wake, suggested tina
the resolution be amended by letting
ng simply read that 1--WE desire the repeal {
DC the ten per cent tax on the issue of Stat
banks" He favored the repeal Of the ia
he on State banks.
Mr.. Ray Withdraws Objections.
IL Mr.. Ray, of Macon, in pleasant an
20 humorous speech, withdrew his motto
~ to refer.
Mr.. Sutton demanded the ayes al
an nays on his resolution. 1t was Ordere
as All the Democrats and few Republ
cans voted in the affirmative. The fC
So lowing Republicans voted against Il
resolution: Messrs. Bonner, Bryan,
5o' Wilkes, and Hendricks-three Repub
lu- cans. The vote stood: Ayes 1O3; nays
rly On motion of Mr.. Jones, of Wake, Il
uc rules of the last House were made Il
rules of the House until the commit
, 'et, could report.
leu Mr.. Watson, of Robson, introduc
the a resolution to provide for joint col
nd- mlttee on R. r. Commission.
:. Mr.. Smell introduced resolution th
Ii the Secretary of State furnished t
Code and the House Journal of 1889
eau each member.
u IL DR.. Stancill introduced bill to
ap- peal Chap. 321 of the Laws of 'S9
IoV- reference to the sale Of seed cotton, a
INT was referred to the committee on pro-
'an sitions and Grievances.
Ide, MIR. Sutton introduced a bill to p
SEQ, tect the baggage of the travelling publ
u99 Judiciary committee
oro, Mr.. Sutton, to incorporate bank
icea New Berne-farmers and merchan
'gri Th Banking.
Inc Mr. Bryan, of Wayne, to equalize t
aSo' alton. Finance.
cha Mr.. Skinner, to perpetuate recor
nov judiciary.
ne" Mr.. Yancey, to amend Chapter 35s
ions pr;vato Io1, in Royard to Roxb
III, Tue Land and Loan Company and to
pie ,to banking privileges. Banks and I
tue rency.
MI. rIdHCh, W ioSui"oO VIZ ''''
Ineir men of certain property.
mlI- Mr. Hood to amend Chap. 146 OF u
,ooa. of 1889 to improve Mecklenburg cour
ittee to fund its Indebtedness and also to
tuoy corporate Orphans Home.
atlon Mr. Hileman to amend law in reg
to registration of deeds.
Ior Mr.. Pritchard to prevent the sale
"ere deadly weapons.
Mr.. Beck to abolish the Decen
his term of Davidson county court.
the The message of the Governor
then received and read after which
7, the Watson made motion to print
k to- copies for the use of the General
sembly. Carried. - ;.
Mr.. McGee moved that at II o'c
'Es' to-day the House and Senate 60
tn. the election of enrolling clerk, after
R4v. passage of which the House adJour
First
southern HOnored by CeleDrltie
ession