The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-02-23

stitute for House Bill No. $40, to pre-,
vent the dealing in futures.
The General Assembly of North Caro-
lima do enact:
Section l. That it shall be unlaw-
full for any person. corporation or
other association or persons, either as
principal or agents, to establish OF
upon an office or other place of bust
ness in this State for the purpose OF
carrying on or engaging in any such
business as is forbidden in this act
or in chapter 221 of the Public Laws
Of North Carolina of 1899
Section 2. Any person, corporation
or association of persons, who shall as
principal or agents, violate section l
of this act shall be guilty of a mis-
demeanor, and upon conviction thereof
shall be fined and imprisoned. at the
discretion Of the court.
Section 3. That no person shall be
excused on any prosecution under
chapter 221 of the Public Laws OF
1889 and the amendment thereto from
testifying touching anything done by
himself or others contrary to the pro-
visions of said act and the amend
ment; but no discovery made by the
witness upon such examination shall
be used against him in any penal or
criminal prosecution, and he shall be
altogether pardoned of the offense so
done or participated in by him.
Section 4. That in all prosecutions
under said act and amendment, PROOF
that the defendant was a party to a
contract. as agent or principal to sell
and deliver any article, thing or prop
erty specified or named in said act,
chapter 221, Public Laws of 1889, or
that he was the agent directly or IN
directly of any party in making, fur
thering or calculating the same, or
that he was the agent or officer of any
CORPORATION or association, or person in
making furthering or circulating the
same and that the article, thing or
property agreed to be sold and deliv-
cred was not actually delivered, and
that settlement was made or agreed 10
be made upon the difference in value
of said article, thing or property, shall
constitute against such defendant
prima facie evidence of guilt
Section 5. That proof that anything
of value agreed to be sold and deliv-
cred was not actually delivered at the
time of making the agreement TO sell
and deliver, and that one of the par
ties 10 such agreement deposited or Sc
cured. or agreed to deposit or secure
what are commonly called margins
shall constitute prima tacie evidence
of a contract declared void by chapter
221 of the Public Laws of 1889.
Section 6. That proof that anyper-
son. corporation or other association
of persons, either principals or agents
shall establish an office or place where
are posted or published from m1or-
nation received any fluctuating prices
of grain, cotton, provisions, STOCK,
bonds and other commodities or OF any
one or more of the same shall consti-
tl,te prima facie evidence of being
guilty of violating section l of this act
and of chapter 221 of the Public Laws
of 1889.
Section Z. That this act shall be in
force from and after IT'S ratification.
Other Bills Acted On.
There we're n number of other bills
ground out of the Judiciary Hopper
following the Woodland bill. one WAS
the Senate bill of Mr.. Mason. of Gas
ton. regulating the business of flu
lures" in mis- county which received 4
favorable report.
An unfavorabie report was made on
the bill providing that the male VINO
kidnaps, seducts. abducts or elopes
with a married woman shall be guilty.
of a felony and that in divorce trials
his testimony of carnal knowledge
shall be prima facie evidence OF gu'lt.
The bill of Mr.. Redwine. of Union,
providing for a change in the cnarter
of Monroe givir~ the aldermen IN
creased nDwers in taxation of dentists,
insurance men, sellers of cider. etc.
was given a favorable report.
A favorable report was made on the
Senate bill providing that illegitimate
children shall inherit from thelr
mothers on equal terms with leElt-
mate children
The Senate bill to facilitate the cal
culations of the present worth OF
annuitieS was given q favorable re-
port.
A favorable report was ordered on
the bill for a special tax in OnsloW TO
pay for the erection of a court house
The report on the bill to permit
Caldwell Institute. Orange county. TO
vote as to the discarding of special
school tax was favorable.
The bill providing for seven per cent
interest on notes for five years and
more than one-tenth of the face OF
the note was reported favorably.
The bill of Mr. Robertson, of Gull
ford to authorize the Governor to ap-
point judges to hold court where the
Judge riding the district is i'll or is
prevented by unavoidable circum-
stances from holding the court was
reported favorablv.
An unfavorable report was given on
the bill of Mr.. Williams. OF Dupiln,
which provided that no Judge sent TO
a county in exchange with another
Judge should preside if the majority
of the attorneys of the court object