The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-02-01
NEUTRALITY-SUSPICIOUS. DAY

The Dill was placed Oh the calendar
for its third reading AMI thesHouse at
$50 adjourned.
sen WENTY-EOURTH DAY.
The senate convened at II o'clock.
Lieut.-Goc. Winston presiding, and
prayer Was offered by Rev r. a.
Bishop of Central Methodist Church.
Petitions for the repeal OF the mcr-
chants purchase tax were presented
by Senators Webb, Aaron and Turren-
tive. Finance.
Mr.. Alexander offered a memorial
praying for an anti-jus law from the
Sandy Run Baptist Association. Judi
ciary.
New Bills.
The following new bills We're pre-
sented:
by Mason, of CASTOR: TO amend
Sections 1924 of the Code. relative
to the tax on interpretations Cor
norations.
BY Turrontive To require fire.
proof repositories for county records.
by Crisp: To repeal chapter ISL
laws of 1901. relative to Indictment
of election officers III Federal Courts.
Judiciary.
by Boddie: TO establish graded
schools at Youngsville. Franklin coun-
ty. Education.
BY Jones: TO appoint justices of
the peace for Johnston county. Jus
tees o. the Peace.
Pearson: TO extend the corporate
limits of Rhodes. Counties, Cities
and Towns.
BY Stubbs: To extend the corporate
limits of town of Robersonville, in
the county of Martin. Calendar.
BY Scoles: a resolution TO appoint
subcommittee from the Committee
a n N,iGif
pital at Morgonton. The resolution
was voted upan and carried.
BY Ellington: To define what shall
constitute evidence of generalization
in murder cases. Judiciary
BY Scoles: TO allow Greensboro to
pay a commission for the sale of
bonds Counties Cities and Towns.
By Ward: TO facilitate the calcu-
lation Of the present worth of animi-
ties That whenever ii shall be neces-
sary TO establish the present worth or
cash value of an animity to Il person
payable annually during his life, such
present worth or cash value may be
ascertained blythe use of n table, in
Guided in the bill, in connection with
the martuary tables established by
law. That the present cash value of
the animity for n fraction of year
may be ascertain as fol lows: Multiply
the difference between the cash value
of the anmities for the preceding and
the succeeding full year by the frac-
ton of the year i'm decinals, and add
the sum to the present cash value Tor
the present full year. When person
is entitled to the use of sum OF
money for life, or for given time, the
! interest thereon for one year may be
| ascertained as an animity, and its
| present cash value may be ascertaincd
as provided in the bill
BY Webb. To amend Chapter 275
!, Public Laws 1903. it being an act re-
| vising the banking laws.
| Mr.. Webb stated that he introduced
| the bin at the request of Presiden,
Fries, of the North Carolina Bankers
Association. and at the request of the
| State Corporation. Commission. The
| following is the full text of the Dill:
That section one of Chapter Pa
Public Laws 1903 be, and the same la
hereby amended by striking out the
| figures $1,000" i'm line nine, and I'M
sorting therein the figures 10000
/ that the figures 40, 900" in line eleven
be striker out and in lieu thereof the
| hgureS 5000 be inserted; that the
| figures 5000" be striker out of line
| twelve and the figures 80, 900" be in-
serted in lieu thereof. This section
shall apply TO banks which may be
| hereafter organized.
| That section twelve of the said
act be, and the same is hereby amend
ed by striking out all of the said sec
ton after the word direct in line
/ three.
| That section twenty-five of the said
act be, and the same is hereby amend
| ed by adding thereto the following:
The directors of every banking
corporation or a committee of said di-
reetors appointed by the directors from
/ nj a am hers a
| llrm or individual transacting bank
/ ing business, shall at least twice each
| year upon direction Of the commission
/ make an examination of the affairs
and condition of every bank of which
they are officers or members for the