Newspapers / Daily State Journal (Raleigh, … / Jan. 25, 1862, edition 1 / Page 2
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THE STATE JOIIENAI I ALEIGH, N . G SATURDAY; J AN TJ A j BY 25 1882. COMPTBOLLERS BEPOBT. i -.1 ACCOUNTS FOR THE. FISCAL YEAR END ING SErTEMBEIl 30, 1861. i ;-T.f .Tt , ... COXTIHUED KO. 2.J " 1S60. : - T . j . OtC P. JISTorlair, fur advertising in - FayeMeville Carolinian spring distribution, I860, for Cum mon Scltoola, . ' ; Graham Daves, Secretary to Lit erary Iionn!.expettMf meet ing of aid Board, Oct. lGth, Not. Paid Sundry Counties, the State's quota for support of Common " ' Schools, fall distribution 1860, r J:,, M follows r"'"f- " i Buncombe County, M. Patton, r ? Chairman M McDowell county, W. A. Mc- Call, Chairman, ; -; . " Burke county, James Avery Chairman, i . J Warren county, Sam! Bobbin, Chairman, ! : Macon county, J. R. Siler, Chair . - man, .. 1 . ' Caswell county,' Alvis Lea, Chairman.- 15 L ij i;' I it I 11 1 41 ' hi I' its.' .- 1,459 w- - -- ; " Catawba county , G..P. Shu ford, Chairman, Pasquotank con n ty W. W. . Kennedy, Chairman, , i Iredell county, John Davidson, Chairman, . , ! Gates county, 8. W. Worrell, . Chairman, Haywood county, J, Cathcy, ; Chairman, -Jones county, E. F. Sanderson, Chairman, ' i- 8tanly county, J., W. Smith, Chairman, .-,.', Anson county, II.; B. Hammond, Chairman, . ' ! ' Harnett county, D. McCormick, Chairman, j Richmond county, B. B. Mc- Kenzie, Chairman, Cabarrus county, A. J.' York, . Chairman, Hertford county,. II. D, Slaugh ter, Chairman, Cumberland county, A; M. Campbell, Chairman, Bertie county, J. B. Cherry, : Chairman, Surry county, L. J. Norman, Cliairman, ' Orange county, W. H. Brown, . Chairman, j Meckleiibur2 county, J. P. Ross, Chairman, Rowan county, D. A. Davis, Chairman, Franklin connty; W. T.John--. . son, Chairman, ' ! Wayne county, V. K. Lane, Chairman, Halifax county, J. R. Gary, Chairman, - ; 1 Duplin ounty, II. B -urden, Chairman, . ; . . Cildwell cnuntjr, M7 A. Bern- hanlt, Chairman, h . i Chowan county, J. D. Wynn, Chairman, Nash county, J.J. Q.Taylor, ' Chairman, (Sprinfr,J860.) i . Nash county, J.J. Q. TayJor, Chairman, (Fall, 1800 Moore county, W. D. Dowd, Chairman. Martin county, A. II. G.flield Chairman, ' E'lsecombe county,' David Bar low, Cbairnnn, -Granville county, L. A. "Pas--- chall," Chairman, 1 Columbus county, Haynes Lcn- non, Chaitmnn, . R.l)esi, county, D. C Mcln- tyro. Chairman, v Randolph 1 cotinly, Jonathan Worth, Chairman, ; Alamanre county, John Trolin-; ger, Chairman, a Currituck county, Jos. S. Dey, . ; .Chairman, , j Guilford county.'Nathan lliatt, Chairman, - , j4 Wake comity, W. W. Whitaker, ! Chairman, ' . Yadkin county, Janes Shcek Cliairman, " : Camdeu county, Thos. Talmer, ' ? Cliairman, Chatham county, J. S. Lasatcr, Chairman, ' . ' ! 9 Beaufrt county, Joseph Potts, " Cliairman, - Forsyth county, J. W. . Al spauh, Chairman, Peron county, G. D. Salterfiefd, I ' Chairman, , ! Jfinston county, D. II. Hol land, Chairman, S. II. Yonnj:, Treasurer N. C. ' Institution for the Deaf arid . Dumb and the Blind. W. W.-'HoTden', printinpr done for C, H. Wilev, General Superintendent of Common .SchiK)ls, Paid sundry persons for nnl.i;l, V98 7 1,051 06 1,196 7(1 'U'l ft 825 - - k 1,719 S4 1,406 88 1.404 48 1,141 20 1,233 09 1.410 84 1,333 32 700 32 630 24 948 60 943 CO 951 20 835 32 1,202 12 . 2,07C 30 63G 90 1,329 CO 1,821 12 . 1,219 92 1 750 84 ; 2,217 GO " 2,300 77 1,141 32 545 88 1,851 CO 1.405 92 1,275 74 '1,059 1,337 72 2,000 ' . 452 CO I in Fall distribution, I860, . Common School Fund, as M, I lows: . II ,WThitaker it A vent, Democratic I Press, I Syme iV Hall. Raleigh Resistor I W. A. Walsh, Warenton ft ; News, I Johu Sjielman, Salisbury Ban- a ner, I Muse & Tunabro, Newbem En-' t nnirer. 24 24 21 24 ' I Tuck & Carman, Wilson Lel:er, Dec. Paid sundry Counties the State's : n"ta for suppiirti.f Coninion , a Sclwols, Jail distribution" ! I860, as follows : ' J Hyde County, Nathan'l lieck I ' with, Chairman, . . Samjon County, A. Monk, 1 Chairman, J Davie 0uity, Lemuel Bing- f. ham, Chairman, (Spring dis ) .,- Datrie 0unty, L. Bingham, Cliairman, (Fall dis.) ' j,Cherokcc County, George W !l dlavne PU: 24 24 . ! 715 20 1,177 32 ,: 739 76 839 76 Montgomery Cotnty, Jos. E 804 86 739 56 'jVt- Ipnion County, M. W. Cuthbcrt 4 son, Chairman. . , fnsW County, RI.' W. Fon j ville, Chairman, . , County, John Reaves f! Chairman, . ; jStokcs , County, W. Al Mitchell, - , Chairman, , iKockinghamCiunty,J.v Bur- I ton, Chairman, ! Henderson Giunt', Jieeph Mir. t well, Chaiman ; Washington County, J. Ram- say, acting airman. y'fCinty, James W. Cox j Chairmxn, , . ' ;J-aven County, John T. Lane, JdiairniHn, , ' Tr County, C. R.- Byrd, t Cl.airrnan, , 9 bounty,. Edward Pat- jinck. Cluirman, Alexander County, R. L. Steele, ' Uwirman, 1,035 '96 844 gQ 1,024 68 1,018 80 1,483 56 ,825 96 573 CO 515 73 1,479 48 893 16 ' C38 52 COO 36 1,163 46 1,694 76 j 1 1,289 40 New Hanover County, S1 D. WallacejTChairman, Lincoln County, H. W. Aberna- thy, ChatrmaDV.A: . 4 ''-a Wilson County, L. p. Farmer, Chairman, . '- ' S. II. Young, Treasurer N. C. Institution for the Deaf and Dumb and the Blind, - Fulton & Price.' for pnblishing the Wilmington Journal, Spring and Fall distribution, , 1860, for Common Schools, P. J. Sinclair, for publishing in North Carolinian, Fall distri bution, I860, for Common 1 Schools, John W. Ellis', President cx offi cio Literary Board's expenses , of mceti ng of said Bniard 11th and 12th December, J. W. Alspangh, for publishing in Western Sentinel, Spring and Fall distribution for Com .. mon Schools, , ' Cole & Albright, fr printing done for Superintendent , of Common Schools, , , 1,638 32 .830 88 -810 45 -'-'' . " 1,000 48 24. 70 42 20 24 9 50 1861 Jan. Paid sundry Counties the State's quota for support of Common Schools, Fall distribution, 1860, as foilows : ; Bladen conuty, Neill Graham, ' chairman, - ' Brunswick .county, John II. Brooks, chairman,. Carteret county, J. P, C. Davw, chairmatiy- Gaston county, Richard Rankin, chairman, - ' Perquimans county, E. N. Rid- 737 714 669 96 867 36 648 60 538 92 1,397 04 401. 76 3,000 375 768 "177 82 dick, chairman, . . , McDowell county, W. A. Mc Call. Chairman, Wilkes C(Hinty, Peter Eller, - chairman, Watauga county, John C. Blair, chairman, S. II. Young, Treasurer N. C. Institution for the Deaf aud Dumb and the BFnd, ''j- C. II. Wiley, General Superin tendent Common Schools, his 4th quarter's salary for I860, r W. W. Holden, for prifitiug ilone for Literary 'Board, W. W. Holden, for postage on blanks for Cmmon Schools, W. J. Yates, for publishing in v Western Deniocrat, Fall dis tribution, 1S60,; for Common Sclicxils, Feb. Hi'Harrill, chairman, the State's quota for support of Common Schools in Rutherford county, Fall distribution, 1860, S. II, Young, Treasurer N. C. Institution for the Deaf and '-'Dumb and the Blind, 'William Brennan, for publishing in Democitic Pioneer, Sriirg distribution, 1800, for Com- mon Schools, 1). W. Courts, for visiting New 'York, to procure a loan for Literary Fund. March. Ilalstead Bourden, chairman, the State's quota for support I ' of common Sclvools in Duplin County, Fall distribution, isr.o. . S. II. Young, Treasurer N. C. Institution, for the Deaf and ' Dumb and'the Blind, T. W, Atkin, for publishing in Ashcyille News, Fall distriUi-ti-.n, 18'iO, for Common Schools, ;C. II. Wiley, General Supcrin - .. tendent of common Schools, his 1st quarter's salary for 13G1, April. Ileriid Faison, chairman, -'the' "State's quota for support of . O-mnion Schools in North-' jimpton. county, Fall distribu- . tion, 1SC0, . S. II. Young, Troasurer N. C. Institution for the Deaf and Dumb and the Blind, May. S. II; Young, Treasurer N C: '.Institution; for the Deaf and Dumb and the Blind, Literary Board. expent-esof meet ing ofsaid Board, May 8th, 1861, ' - John. Spelman, for- paper and ' printing returns for Common 84 24 1,486,56 L'ooo 15 1.258 1,000 34 S75 1,287- 72 2.000 71 10 ScIkhjI' committees, 177 1861 June Sundry' Counties, the. State's quotajor support of Common Schools, Spring 4 distribution, 1861, as follows:-:.-Wayiiu county, W. K. Lanjp, ehairrnaii;,; "r ' ' " Person comity, G, D. Satterfield, chairman R'oya;i county, D. A. .Davis, . cbairn'ian, Fousvth eounty, J. W; Al spaujhehiirman, . Chatham count-, J. S. Lasatcr, " chairman, Caswell county, Alvis Lea, 'chairman,! !Nwv llaiiovi-r Cfrtinfy, S. I). W allace. chairman, Craven county, J. T. Lane, chairman; ' Lincoln county, II. W. Aberna- thy.-rhairnian, J.Wake county. Stephen Stephen s' .11, cliairman. Franklin comity W. T. John- ' sou, chairman, 1 ' B:rke county, M. M, Kibler, 'cliairman, j Edgeccnilx5 county, David Bar- low, viiairman, -Granville county, L. A. Pas- chaM, chairman," Iredell county, John Davidson. chairman, j Alam.inc'eewnty, j'ohn Trolin- icr, hairmau, Ruhmond c.-uutyj B. B. Mc Kenzio, chairman, ' Anson county; II. B. Hammond, chairman, Yadkin county, James Shcek, chairman. 61D 529 739 05 50 74 - 63" 903 854 37 ; 30 ! co ; 739 415 44 1,207 33 570 11 415 14 601 OS 1,038 IS 783 72 609 96 47C 16 C4o S6 570 GG Cnmlicrland county, A. Campbell, chai rrhan M. Mecklenburg county,' J. p. R oss. chairman, ' ; . Guilford c.uuty, Nathan Hiiitt, - chairman, ' . .-'..,. Currituck county, J. -S. Dev.' clKurman, " Biincombe county, M, Patfon. chairman, ' Beauf, rt cw.nty, Josepli Potts chairman, -v ' Warren county, Sani'l Bobbitt, chairman, S" v? ' Y"UI1"' "Treasurer of the C. -Institution for the Deaf and Dumb and the Blind, John SpclmanN printing for Common SctKH.Js and adver r 5?n? in State Journal, Spring . distribution Common School rmid. C,,H; Vi'e7 ft expenses -of bstnbutionofG)JnmonSclitol i.anks and registers, - J. L. : Pennington, f,,r, advertis 'ng m Newbem Weekly Pro Pess, Spring distribution Oornmon S.-hn.,i 638 03 703 44 1,103 80 375 42 740 28 702 96 621 96 1,000 4 J4 52 92 piomas Lo, in?, ff,r ftd vertisi;l2 12 - aslra t ribune, Sprin distribution Common School 1 una, , , TO BE CONTISrED.3 12 repobted foa'Tsr tTAiK jouknai.. y ; North Carolina State Convention. - - 'Jjounied Session. ;V r ' I FlKST DAT, MONDAY. Jan. 20, 1862. " f The Convention was called to order at 12 o'clock, M by the President, Hon. WTeldon N. Edwards. The roll was called and only, forty-five delegates were found in their seats, viz : Messrs. AllisonBattle of Wake,. Berry, Brown, Bryson, Caldwell of Rowan, Darden, Dick, Dickson, Douthit, Durham, Edwards, Foster of Randolph, Gilmer, Gorrell, Graham, Hargrove, Headen, Hicks,. Huhleu, Jones of Currituck, Jones of Rowan, Kit treli; Leak of Richmond, Long, ManningMcNeill of Cumberland, Meares, Mitehcll, Pettigrew Phifer. Ray ner,' Rhodes, Satferthwaite, Scbenck, Smith of Johnston, Smith of Macon. Speed, Strange, . Thorn ton, Warren, Williamson, Wilson, Woodtiiv Wooten 45. " ' . '. . ; .. ; Dr. Michael, new delegate from Rutherford and Toik, and Mr. Starbuck, from Forsy the, were present, but could not qualify in the absence of a quorum. The President having announcetl that the, number of members did not constitute a quorum, on motion of Mr. Brown, the Gmventon aljourned until to-morrow nioruing, at 10 o'clock. j - ,r Second Day Tuesday, Jan. 21. The'Conventicm met at 10 o'clock ;sthe President, Hon. Weldon N. Edwards, H the chair. ; Messrs.'Michael, of Rutherford ; Starbuck, of For syth ; Strong, of Mecklenburg; Hassell, of Martin, recently elected to fill the . places vacated by tho re signation of Messrs. Carson, Patterson, Caldwell, and Biggs, were duly qualified and took their seats. Mr. Mebane presented a memorial from eitizensof Alamance urging the Company's Shops as the point at which the proposed railroad to the Danville road should tap the North Carolina road. Referred. On motion of Mr. Satterthwaite, a select commit tee of five! was appointed to inquire into the pur chase or clothes, boots, &c., proposed to be sola by Quartermaster Devereux. 1 Mr. Brown introduced an ordinance, proposing to add, from the Public Treasury of the State, twenty five dollars to the bouuty of "fifty dollars already of fered by the Confederate Government, to such of the twelve months volunteers as may re-enlist for a term of two 3'ears;or for, the war, on the expiratiou of their present term of ser vice. Referred. ' . v : : THK treasury kote'questiok. , The unfiished business of last session was called up the ordinance of Mr. Woodfin to amend the ordin ance previously passed , providing for the issue of treasury-notes, the question being on its reference to 88 12 a se'ect committee. 1 his ordinance proposed to re peal the clause making treasury notes bear interest. During a lew remarks by Mr. Satterthwaite tt tran spired that the Presidents of the Banks of the State were holding a meeting1 to-day in Raleigh, " fo ex press aii opinion" on the question now before the Con vention. ,. Mrj Kittrell was in favor of the amendment of Mr. Woodhn. The people were, tired of these treasury notes with interest. The effect of the issue of three millions with interest, was to depreciate the value of the millio:i prcvously authorized without interest In this c Hivention, lie alluded to the condition of the banks with t he specie in their vaults they were .not called upon to use ; ami showed that the banks with charters, but which had not complied with the "terms' of their charters, couid borrow 'the specie at exorbi tant rates, if uecessary, and issue upon those loans, and accumulate large amounts of these interest-bearing treasury notes, upon, which considerable profits would ultimately accrue, without one dollar of a spe cie basis. He was of opinion that the Sta'te should' liow take a, position and "proclaim her currency ' equal to tli at of any other in the Confederate Stales. Mr. WoovTrin was' for the immediate c-'".iMderation of the question before the Convention, lie was op posed to waiting for the opinion of the bank' presidents alluded to. It might turn out that the interest of the banks might not subserve those of the State treas ury. ! He would not, however, disregard the "opinions' -f hank presidents: The issue of tliese interest-bearing treasury note-! had been authorised gby an ordi nance which h td Wn foneil thrjugli its several read ings !n a s'ijigle day without givrr'g delegates an op portunity of examining its provisions. He regarded the interest on these three millions of dollars as worse than lust to the treasury. The .notes bearing it wonUI i not circulate, but would be buried in Yau!ts of the uanks, or in the j.o'kets of. holders; while' notes of tjiesc very -same banks, witliouiulere.-t, would be circulated in their steady withmA better security they, too, being in' state of suspension, lie made "110 war ; upon the hanks. He viewed this as. a practical qiiestion. 'He pointed to the fact that . the treasury jfiMcs lioaring m. interest were sought affer with avid iiy. He'sked if the State security was not equal t tl a' o"any banking corj'Hiratioii within her borders r out of them ? . lie. was anxious that his amendment sIkkiM be acted upon before any Considerable amount of t!;e interest-bearing treasury notes got into circula tion. . . " Judge Ruffiir sustained the original ordinance .on a prmciplc of finance. Money had to be rai-sed. How? The small notes might pass without interest ; but there never was a-Govemment that issued paper money without depreciation, where the amount ex ceeded that which could be absorlxd by the Govern ment in a year or. a year and a half. He conteii(led those notes must bear interest to prevent their "depre ciation ; and said that instead of the State losing $50,000 she would save largely." -He moved t the whole -matter be referred to the committee on finance. Mr. KittreH'iirged immediate 'action, particularly as :;c oaiiK oiocers were assembled m the -ity, and ht iafiucMce the action of the Convention". lie mi thought the. Convention .quite competent to deal with this question quite as much s'o as any body of bank officers. There, was another objection he J: ';1 to the ordinance it required the whole sum of three mil lions ami the interest, when paid at the treasury on t ne same day. Loans would huve to lm rcsoi-tc",! t. of conr freshloom witii Tnfi.i-nst -nil t.i iv.uM beijrf t a system finance dcsrr ielive a 1 ni n -im. Mr! Bidder I nled'th it, these inters. - miurr treasury ni.tes ...e ueithir fit for circulaiion, on ac count of the endless computation of interest, as thev passes 1 rem Jband to hand ; or for hoarding by the bankif for the reason that neither interest nor princi pal coidd he collected till the expiration of three years. The only course was the issue of IkknIs bearing-interest payable periodically and authorizing the Treasurer t; sell tlitm for what they will briirig Mr. Bat tie; of Wake, was in favor of the ordinance as it sUkhI, and showed the necessity of paying inter est from . the Tact that during the Revolutionary-war,' paper money became much depreciated. ,Mr. Gilmcrwas against the notes bearing interest,' and preferrwl t!use now enjoying an intcrruptei cur rency witlmut interest. - GtnTrTg--interest ifr-the dailyafiairsof lire was what the people did not un dcrstand. He oped Mr. B.ulger's scheme of issuing coupon bonds, also. - I he.deba'te was here interrupted by a motion of .Mr. Speed, asking "from the Governor "such informa tion as he possessed relative to the fleet reported to be ,011 our coast. Mr. Graham, resuming llje debate, supported the pwmon raKtn ly Judge Jluiiin. lie raiseI the constitutional objection t the issue of bills of credit, under rhe Provisional Constitution. He favored the English plan of making their loans redeemable at the option .of the Government. When times Were easy find money was Plentiful, the fovprnniiMit. r-n!,! - t:m in its loans and contract liew ones at a less ol interest. " Vj . . C . te Judge Puffin ngr.in addressed the Convention, wan Jy urging his views upon that body. . ' Mr; Rayner opposel the reference to the cornmittei on finance, of which he was a niemljcr. - That cftm mitte had exhausted the subject hail heard -all that could be possibly urged by its several members, and were commi ted to the present plan. He preferred that the Convention s!:ould tid:e hold of the matter nnd decide it at once. It was admitted on all hands tnat the bills bearing interest are a failure. He bc .licved' Ju.l-e Rufnn was not, prepared to deny that. Lut a little practical common sense was requlrcil to see that this .kind of money would'- not do.. The fr mer or the merchant was not goii f enter uion a sysfrm ot calculating a few ecu U of interest on iKes paid m purchases in the ordinary trivial affairs of life Jor could the butcher or tle baker be lvrouht to im-lerstai-d snoh pracrieo. Exjerierice was worth, all the argument in the world, and expericue had shown that this species of money would not answer .... ...,u m no,. uk tuese notes, continued Mr K. lie had no unkind words U, sav of the banks 1 iiey had acted with patriotic liWrality heretofore lint be contiuue.1, the bank miIa as well under stand at tmce, that they, like ourselves, must relv ur on tno stout hearts of cur soldiers in this hour of tri 1 .i . . . at ":'Z' - 18 inere 1)6 n( duht ; we must aiiwnk or swim together. It might be regarded as ?i - i PL6851011, but he ventured bis existence that r. u-iUKS could not redeem .one-fourth their .issuesissuing as they do, - not merely on pccie uuc on specie funds. How ih wa ft it.i. the State ? Can she not get credit for her ability to re.Ieem tlvree millions of dollars in notes ? The wliole distrust thrown over these State issues arose in the iact that the merchants refuse to Like the notes, sim- Till AT 11 r-j -uoc me oanKs wont take them. He would not say the banks ought to take them ; but he knew r : . 7 1 V 11 l' ana e"ce the difficulty. The mere iact mac the noiders of biViIr nntm Ka.T a t dy to compel their retlemption, was not the cause of tuuu inwi oeiug taken with avidity. ' Certainly not. It was because the merchant takes them, and he takes them because they will be taken fro him by the aiuiMuu 10 im cry that withour interest our owie paper would be depreciated, Mr. R. said man tno criterion ued to be what would pass as oioucj , iew. xorlc 7 W liatever that was would pass as such elsewhere. It had been alluded to that Secretary Chase's money was below par iu New York wt ucoiiun in mac case now is, not what will nn; in Koa' Vt-t 1 ;n i t i - ""at win oe regaruen as money j ... iuKix.ii.un vf uverpooi, inwB wbom the New ior. luercnans ourains Ins semi-annual supplies of sxnjxi. i niiL must oe ine lest 01 Liiase s money. Mr. Graham suggested that as the bant officers were in consultation, the matter had better be post poned for, one day. -j y Mr. Kay ner would give way if the delegate from puncomue (Mr. Woodhn) was willing. " But if he insisted upon immediate action; then he, Mr. Rayner tvouiu mhiiu oy mm. i .... ,. Mr. Woodfiu insisted upon immediate "action. Mr. Rayner continued. He believed the treasury m.'i,iro nu.im cucuiau; wmiout inierest. lnere was no New York now to regulate their value no place to decide their solvency ; and beiusr placed upon the . e .T ry 1 -r . - -.11 t . stom my vin xioriu oune, nay wouiu oetaieii tor what they professed to be worth. He denied the act of issuing them Ut be unconstitutional, having fully and thoroughly examined the authorities on the sub' ject. The interest notes won't do. That was fixed 1 tiey had to be put a stop to do what afterwards might be needed for the State" resource. A message was now nerved from Gov. Clark, in reference to the coast defence, and was considered in secret session. At half-past ;three o'clock the Con vention adjourned. ! ' Third Day, Wednesday, Jan. 22. Mr. Strange introduced an ordinance to provide1 for the defence of the State. Proposes to raise a force of 10,000 rolunleers, to consist of all arms of the ser vice, to be armed and equipped by the State, and to be paid by the State, at the rates of the Confederate service; and not to be required to serve beyond the limits of the State, &c Referred to the Committee oh Military Affairs. THE TREASURY NOTE QCESTIOX. The unfinished business of yesterday was resumed s the ordinance of Mr. Woodfin to amend the ordi nance of last session authorizing the! issue of Treasury n.ites bearing interest the question being on its ri -ference to a select Gmmhtee. " Mr. Thompson-addressed' the Convention. He was not, he said, a financier, and would riot, therefore, dis cuss the 'main question. He rose merely to point out an inconsistency in the action of! the Convention, which, as a member of that bcxly, lie desired to free himself; of. The. Convention had, last session, opened a correspondence wit 11 a distinguished military officer of the State, 011 matters upon which they desired to be informed, because 'of that, gentleman's, superior know ledge of them. Several'communieatioiis were reeived from him by the Convention in. response to their ap plication Ultimately that 'gentleman addressed a re spectful communication to the Convention, through i!s President, and upon a highly : important matter. What was the result? Yhy,"gentiemcn rose in their seats and denounced that respectful Communication, as "military dictation," and heaped fin abundance of all; soirts of abuse npon its anther, j And now, con tinued Mr. Thompson, what do we see ? This same Conventbn, engaged in the consideration of a mo.-.t important measure of finm -e, invol ving the credit and character of the State, told by some of the same gen tlemen to suspend their deliberations and wait for what ? lo'see what course -should he) pursued by a body -of men now meeting in this city, tiniiuired and without any pretext from that body, whoso delibera tions might influence the Conventiou'tn deciding the qucstion'now before them, lie aMuded to ih lmk oliiceis who were to meet in this city, yesterday, ai d asked if it was n t strrfnge that the cry of -monied dir-tMtion." dirl not ascend fr::m this outraged body? lu the former case, the. A'i.ir.tairt- General air ofticerof the State, with no "personal ends to serve, v. 'tli noth ing to promote but the welfare and the safr-ty of the State, had been roughly assailed on a charge of "niil- itarj' dictation', for. a respectful pom'munication in reference to the rniltary affairs of' the State, and aficr having been -invited to'make it. - While in the latter an uninvited, outside ImkIv, with every incentive to personal interest, held a meeting Within; sound of del egates' voices, to influence the action of this sovereign Convention, and instead of denouncing this as "monied dictation" gentlemen coolly advise the suspension, of the important! matter under consideration liii that body be heard from'. .-.There was a -sfranjm iiiconsistecv in this. Fur himself, Mr. T. said, he was always wiilin lo leeeive miormation on every su?,cct. 'and was not finding fault with the desire to wait upod the b.o.k ticcrs. liut from thoso who had s. v.ohintlv -.sailed the Adiiitaij! General for his "military dictation. surely could not but expect the moat vehement dentin vi.ni.iiia in hxs m-Mj'CM i.oou me oaiiK oiiicers tor tiieir 'monied dictation." lie protested against, the flutter raised over the head of-one man, whilst a whole bevv of others created not a,s;ir. I f th object of the pre: Lin n,oe was to get me opinion oi. mese oaniviiig cor porations, as to the mant'ier in which the State's finan ces were to be conducted-, it would be '.the nmre aptiro pnate course to submit li e entire question to them at once. And it realiy did -appear, irorn t ie course of some gentlemen, that no question of finance can now lie touched by the General Assembly or, by the Conven tion without tueir sanction, he had no quarrel, with the banks, but their .liberality' had been oaraded be- Jore the Convention. Well might they be libera! and indulgent to the State, when by the State's license and her charteied privileges, they were enabled to hold up the money, the claims upon which wereju tli bauds ot the peopie.' Mr. Woodfin opposed the reference of the ordinance to a committee. Ihe question simply was will the treasury notes pass as well Avithout as with interest The attempt to make them pass current with interest u.i 1, ..1. i 1 1 , umi L-eru hiiown 10 ne imoracticame, nv exneru-nee -j iijj inca, ueiay iu Ririhe ine mrcrest oil 7 itie btate was evidently suffering by' the delay. Since yesterday $300,000 had been issued, and whilst the discussion was pr gressing the Treasurer was issuing more. 1 l,e opinion of bank officers had satisfied him that the interest attached to the notes, and their hio-h denominationswere the causes operating againt tlieir rtC ; IT . il T m r . . ' tiicuiauoii. ne was, mereiore,- tor s'nking ofi the interest and confining the issues to $5, $10 and $20 in reference to Mr. iadrers nlan of issninar fit' bonds and selling them to the highest bidder, he ask ed what the bonds were to le sold for. GoM ? Xot at all for bank notes, and at a discount of 25 per cent., whilst the bank notes themselves were at a dis count of 40 per cent.- entailing a loss of tio:per cent at once iur the bank, the ban Tublic fipinion was against that, and few men were prepared to sue for a 85 or a S10 bill, with .1 tWr. year's suit before them. The credit of the banks sus- amed them aud gave the people confide r;ce. . Did any one doubt the ability of the State to meet her en eajrements? The taxes of the State would in f, r in years abirb the entire f .ur millions proposed to be issued. That was as good security as any bank c m'd Mr. Mebane was fir immediate: action. He had voted against the original ordinance and had seen, no reason since fo mdure him to change l is rcmd: Mr. M. proceeded to meet the arguments of Judge! Ruffin on the depreciation of the treasury, nutes, and argued to. show tLat the act of the Assembly, ameinh d by the .Convention, was lx?tier without the amendments. He roughly bandied Mr. Badger's cnupon-lKnd-scieme, which be said was -putting out payicr to be idtaved, like a poor fellow about to break. "vJle vegretteVl the plan adopted by the Legislature had ever beej chang ed. Crdit was generally rcg-ulaterl by mail's in debtedness or bis : ability to pay. He .could rot see how a sum of $1SQ,000 per year interest on thd notes to be issuel by the St-?1 fciild enhance her credit. He was iu favor of wlr. AVocxlfin's ordiuancc. i Sth r Z JS'S own; they must come down mnes. too. retleemalj e at the nntmn r s. Mr. Battle, of Wake b.-ul tall-Prl ks for specie. Wis the cenfleman in earnest? : Mr. Leak, of Richmond, had voted for the original ordinance, but he bad changed his mind since. He was now for striking off the interest, but desired a re ference to committee in order that some sulwtitute for the interest might bo made. He regarded it as neces- , ary that something should be done to retire the notes or they would depreciate. , J The special ortler, the consideration of this Pied mont Railroad ordinance now having been reached, it was postponed till 11 o'clock ; to-morrow. The Coal fields Railroad ordinance was also postponed till 12 o'clock to-morrow Mr. Rayner next addressed the Convention. He . hoped no reference would be made. There was no object for it, on .God's earth, but delay If the inten tion was to act, why not act at ouce. - Since yester day the Treasurer had issued 150,000 of these notes. If mischief was growing out of these issues, why not at once stop them, and afterwards the Convention address themselves to such other amendments in the charter as might be Vuggested. All the testimony led to the couclnsion that the present system won't work. No one denied this. As to the notes now out, let them, said Mr. R, take tlieir chance. If persons did f not -desire to hold them they could at least pass them without interest, and that disposed of tle objection on that point. ' He understootl that the Bank of North Carolina and other banks will! receive and use the treasury notes issued without interest. He protested against tho delay involved in any reference. Mr. Badger was still in favor of the reference. He wanted to sec what method could be substituted for that of the interest. But if mischief was llowing from the issues now, he would go for an immediate resolution tn suspend any further issues till the further order of the Convention. " , ;. -.!"." Mr; Smith, of Halifax, was opposed to the reference. The interest attached, to the treasury notes, so far from giving: currency to them, had retarded their cir culation. He had no fear of a depreciation, with a currency of four millions of dollars. Confidence was all that was necessary, aud he bail - full ter marc's ability to meet her obligations. The mat ter of tliese notes.should be put just where the Legis lature had left - - 0 Sir. Rayner said that the suggestion of Mr. Badger, -to instruct the treasurer to issue no further treasury notes till the further order of the Gin volition,"- would place the State in. a position she had never before oc cupiedone in which she would be unable to meet the demands upon her., This question might con sume a week yet, and the daily demands upon the treasury were many thousands of dollars. If that would not be knocking down the credit of the State nothing would. . Mr. Badger. Then let the issues go on. Mr. Rayner. Let them go on ! Why, since yes terday sums had been issued iuvolvinga loss of inter est amounting to 9,000. Gnsidtral)le sparring here ttok place between Messrs. Rayner and Badger. Mr. R. complaining of the manner in which Mr. Badger bad misstated him. of a lie was sorry to see, he said, a man of Mr. Badger's great mind continually setting up men of straw for' the purprsc of knocking them down. Besides, this was the wrong subject (the subject before the Con vention) to trifle with. ; V Mr. Badger retorted by saying that he was deter mined Mr. Rayner. should not monopolize all the trifli ;g. Mr. Graham would vote for the reference, that some other plan might be adopted. He was for letting the notes of 100 , and upwards stay out and continue their issues ; but was willing that tho interest should Jbe struck off the smaller notes. . ; Judge. Rufiin concurred with Mr. Graham. He maintained; however, that beyond the amounts that wouid be taken up to be held, and those which would be absorbed by the State, no Government. could con tinue a paper currency without depreciation. It was not a question of the credit of a State, the -issue of pnoer without interest, except as before, stated, was contrary to all principles of government'- aud finance. xiG opposed the issue of coupon: bonds, advocated by Mr. 'Badger, as a iireinatori! - misiiro . . Mr. Reid had v.tel lor tr.e original ordinance. knowing it to be delective, because he did not like to occupy a option of seeming opposition to 'appropria tions for the purposes of the war. He had 110 scruples tji.tf the constitutional right of the State to borrow nib ieTy in Mich manner as she thought proper. The Con stitution never contemplated any such restrictions. Whether the State gave interest or not, she clearly had the riirht to borrow. In reference to the picsent ques tion, his plan was that the interest should b Rtrirfean olf C no and notes without interest isnod re. occmrdde at the Treasury on presentation in a given amount , in bonds of the State, bearing interest, paya ble periodically, and redeemable in, say, five, ten or t wenty years. If the Treasury notes should depreciate, here was a remedy which holders could avail them selves of, while at the same time, a market was open- cu n-1 , -rtate uonds, m which f. hey. -could' command faii- prices. In reference to the cry that the'.'i rCasurv notes w.ouhl depreciate, hr kid that 'fWcts proved tic contrary. A twenty-cent Treasury hole would pur chase twenty cents worth in market ; whereas your five hundred dollar State bond" would not bring 75 cents in the dollar ; and this, too. -while the note bore no iuteecst and the bond did. Gentlemen talked of ihe danger of a paper currency 1 There was a greater danger than that which pp. per must be made to meet the danger of Mar, of invasion, subjugation, confis cation and ruin. Tin's danger stared us in the face, and . it was a greater danger than your paper depreciation W e must, he said in .conclusion, have a paper curren cy, siid tiie plan he had pointed out, seemed to him to be the true one. Mr. Gorrell said the facts did not bear out the-ar gumentsjof gentlenien ( iiM.sed to 'striking out the in terest. That feature of the treasury notes bad injur ed their cre.lit and had sunk them a.Ta -circulating medium. He cited an' instance to prove this. lie .did; not anticipate tho depreciation so much dreaded. At all events we .should wait and see whether it comes or not. The reverse of Governor Graham's plan with regard to the notes of large denominations, he believed to be true. The smaller the issues the more certain the circulation. He. did not believe in the expecta tions of those who thought these large notes would be hoaded. He thought ' the course isuggested by Governor lieid would be the course the notes would take.-in the bauds of those who bad no jiced to extend thicr circulation. Mr. Gorrell believed ft the duty of every nation at war to couduct thaf war upon its credit, and never resort to war taxes but as a last; re sort; and that no nation should fear for its credit till there were evidences it was about to suffer. Cthcr objection having been urged against the or dinance originally parsed. - Mr. Kitlreii, suggested that the interest cliuse be at once amended, and time could then b taken to mature' the; other parts. " The Convention now took a reces". j Afteexook Session , On the re-assembling o the Convention? Mr. Smith, of .Halifax, addressed that boly. Vv'e were not present to hear him ; but we know he took ground in favor of Mr.,Woodfins ordinancestrikincr The V'stion (a test qncs-tionj was fl:eh taken on referring the ordinance to a select committee aiid re sulted 111 the negativeayes 53, noes- 10, as follows : A ves Messrs. Allison, Eatchelor, R'.gle: " Broad- nax. lirowiii Bivsoii Cannon DiHard Ti-.nfV.u i- hdm, Edwards, Eller, Fuller; Gilmer, Gorreil, 'ilarn bn, Hargrove, He-irne. Hicks. Howard. Jones, of R - - - I J- yce, Kelly; Kittrell, Long,' Lvoii. Manning . McDow- tii, of B., McNeill, of C. Mebane. Michael Miller Mitchell, Myers, i Bayner, l'eid, Boystcr,' Sanders: Scheiick, Setzer, S!;ipp, Smith.' of H. Smith, of J. . Smith, of M., Spruill of T., Siroii?, -Smlierland, Thomp . Thornton, Williamson, Wilson, Woodfin, and -Wooten. ,3 tranq;e--10:i - The ordiVance wrs then amended sp as to make the ues of the ; million of dollar notes of the following nominations : one half of $5, one quarter 10, and u- remaining quarter 20. " The tlebfvte :ron the rassaseo of Mr. V7rlfin' or. inance aj thes amended, was tl:en resumetl," opposed v Air. B lines, who was in favor ( f'th .in erest, and . . -ipx rted by Messrs Gilmer and Wooxlfin Tlie he ordinance then passed ita third rcadinbya of 58 to 13, as follows:"- itc - Axes Messrs. Allison, Bagley, Batchelor, Bogle, rodnax, Brown, Brynon, Cannon, Dick, Donthif. urli am, Edwards, Eller, Fostei of A.'," Foster, of i. er, Uiinjer; Uyrrell,, Jiamin, Hargrove, Ilearnc, : ;aden, Hicks, Holdea, Howard, JoncsofB. Joyce, ttreil, Long, Lyon, Manning, MeDoweih of B., Mc-v-iJl, tf C, Meares, Mubane, Michael, Malkr, Myers, avs Messrs. Barnes, Battle, of E., Battleof W. -untmg, Uticlweil,of U. Galloway, Cunningham.Bcrry meni )li l-vi-n J-'l-rf-i ..f A IT. TTI. .. ir-i I f t fivrtucu, lioioeii, uoimes, 1. eak, of K.. Bhodes Puffin. Snronse! StrVinr-l- f.n.1 PKtfpr 1?irii' T: 1 f ...v,Jtl, ixvi imyster ff tZcr, Skipp, Smith, of ll!r Smith M., Sprouse, Spruill, of T. SutU 1 ' Williama m. WiLnn iv.A.'. Mm. Si Tl xt " li V. ""uuii and YV uniura, . joauie, of t Wake, Banting, Calloway, I)ici of va ,..:: v-'&h Ol,f-. - ;xn m 1 t. Leak of K. Rhodes. Ruffi- ; Srj!, 1 13. The Convention then adjourned. ! Ihibty-Lighth Regiment. AneW ; ' last Friday, at Camp Mangum ner 11 n "av Officers of the 38th Regiment ortl,?'? with rhf. rolI.,.Mr. .7n . ' 1 111 rolim . Ct.lotiel Wm. J. Hoke, of Lincolr, ueut. Coloticl-O. D-kcry, of Iiicim Major-L. J Sharp, of Alexander 'ri(l veconcratu ateti. ,,L-n,., i - . he has highly meritnrl n. r-.J..1 m:tl!"i.w Stars, 1st Regiment, of Bethel memory-n',,!i It is creditable to the Southern h,Jr 1 ri""v.. those who love their country and nv tilde by a requital of their.ser vices wherCV( nitv offers. Thft Rftih V. , r(n' """"'MS IJ, , 'On '.. 1 - I,' . ... " nas a "nil,, nel, who will never desert them n,,r i.'? 'u they defend, in the! hour of daiWer ' 1 sttred that bis br,ther hffi.r t . , ,Vtrc. i Sharp, with whom we are unacquaiute 1 Z the right temper and spirit for .their resjS tions. ' - uTe I-!- iThe f. llowmg arc the companies ' rV 1 rekiment, Lieut. Col. I-kery and M iCr ;- paring as captains of their. late comuH sake of uniformity : 1 'u o. ! t Men of Yadkm, Captain C. I Cook, Yd UV C''u"tr Sampson Farmers, Captain P. it. Tri.L.i(, , connty. (. - ' ' : 'Sampson Plowboyg, Captuin John Ahfor.l county.- i::.;.;. Richmond Dors, ((. II. Dockcrv.) RirhmnniU Sulphur Wild Cats, Captain 'j K L tu' ? cortntv. .--.' vita,'., lockr hace nanyprs. i i:ant.nn u w dorcountr. " -. V7"r " ' ""W) A!, TVharrii Ttnva Cir.: VL T...t . Cleveland Marksmen. C.,t:iin O P hZ " " 'Miir. ..... . ... . ., ya 1 .1 11 ill ih.Tiwri ifni i . county, . - - 4 - . MrtlullTM'..,. - . - . - J . I Facts and 'Humors. 1 -. The nomination of Edwin M. Stanton as cM-..' of War has been confinned by the Senate.. ' ; A t a pale of Sea Island Ci tfon in bales of " confiscate 1 " property, the average of 60 cents per pound. prices were an . .1- -. . - - -i - John M. Daniel. Esn..of the Uirlnnm,,! r.- is proposed, l.y a correspondent of 'thA DhpaH- -' the accessor bf the late Hon. John Tyfcrju tl.eSu'! Senate ol Virginia. We hope he will be riwto) C acclamation. .'Left in a He it nr. The Wheeling ( V;i !..) :17 v'- yencer, union Biieer.; or ine -Jlli inst., Iifir:is ti,3t Vnnl-aa Tf.iojTnni IC P I a ctnitKu 111,0-1,111.5 icb ivo;niiey, on mo r ndav t.izUt. about 6 oV nnt - : ' . . " ""-I'lim i, j hurry, and reached- Tattcra-m's creek on monting about 6. Ja.jks.m was after the.n '. Oil Mills aregoing into operation all over t!f?P(n;. try. ;The Western Democrat announces-tint I). E. N. Hutchinson and J. It. We!vi are evtiii " mill, near Ciiarlottc, .for tho manufacture of Linil andcQtton-sced oil. Anl that M!essrs. VhusiririUid Stephens, a mill for cotton-s 'od oil, botli of which will be in operation " in a few days. " In addition t. tlify there are mills of the same -sort in oj)eratioii in bc.rn. AVilm iiigton. and other points in the State The St. Louis Democrat says that .a few'davs ni the fhig raised by Cobmcl Morgan, at Pintle (.'itv.' Miesouri. was torn down.against the r-nui.strai(ipsi.f tie fw remaining eitizensof that pi ar?. JVulii net at the ouira go, and aware of the conseij lienors si,. -;!,! the perpetrator escape, the men engaged .in tic d-' crat ion were arrested, ainl, as we are in f.nnejl, d. iiv cred to Col. Morgan. He. immediately 'nrUer'ed a court-martial ; the rnen were found guilt y, and senten ced to be shot, which sentence was fori liw'idi carried' into effect. - j More Incendiaries. last Saturday says: tTIic Montgomery jfaitvf Another villanous attempt was made this nkortiir.w al alMuV five o'clock to burn down the city. Tle; stairway of the houe on Court slrctt, otriijed l y Mr. Cardinal, was discovered to be burning ; hut tie alarm j being given ir.n-.ediately, the fiicn.di wrivml in time to prevent avast destruction of jnptfty This fire was kindled near the centre of ti e mo.-t dn sly built portion vof the city' Kothing but the. T.-afchfuf-neirj of the police and citiz'-mi generally has j'-wrerteiK ourtily being destroyed by fire within a tnonth jmst. - FiftES in Lcuis-una The Opc'lowas (La.)1 iviitr of the 4th instant has the following: About three wetks ago the Lay pre? f f Mr; K. V.'.- ; McKiuiiey, near our town, was reduced to n.-hes, ti gether with teveral bnndrrd l ah s of bay. ' Some day. last week the dwellmgdiouse ft Dr. .fjo-.r! bcn.of Villa I'latte, now in' the Confederate S;ilti r vrce, was also reduced to ashes as well air all tli fur niture.. .--.'''' -' Xast week tlie kitchen of a poor lady rosidirg in Washington wbose'tiame we have-n t heard, wars 'i0 burnt down, with her winter provisions. On Monday night last the kitchen of Mr. llarh-s. . our town, Hvas also burnt. Mr. il. u absent frcin town. 1 !- .,''' Gen. Wise, who ha3 been assigned to duty at Iloanoke Is'and, department of Gen. linger, 1h at ' present in thiscicy in connection with the. interests of this post. It will gratify his !lmv--iti'ms) t "' learn, as it gratiflen us to stale, that notonlyjias lif recovered from bis late illness, hut his healtlf is )- . ter than it has been for twenty years, lie is.de voting himself to his patriotic duties with hi acusti'incd iu domitable zmtvj. Richmond Enquirer, The English Cotton -Mills. A Xew York pupnr of the 10th int.. sys : " , There are 842 eottfui mills in England, '.f which. . at 1at accounts, 40 had stonned. 118 ruiuiuMjr t!firrs. days in the week. .'JO'5 ; unnih? four .lavs, i five days, and 29o on full time. The number- of work ing people invoWed is 17,2-37. The 'mil U '.af - di stant 'y shortening up, an;l the greatest liarni is! felt in the manufacturing dijiricta for the wiut r. Impobtjakt A rrest.: A man named Price w ar" rested in Fredericksburg on Thursday last, and :f?iv". oi in this city on Sunday. Price ha) on his ros .11" about three hundred letters, md was miking lit; y North. He had Wn to llichihond to make in-pni about some projcrty with had been se';tiestrafd. ; 'Richmond 7v'il2"?T, . A Havana circular says it has a list of the vceU of the'several nations whioh have parsed to and fn rn the ports of Cuba '-anil Ihe Confederate ports, infcUiu irg tho-je which have leen captured upon the 'clast or upon the hich Kcas. from whicli it nor.eais that "nincty-ttx vessels bave.UtempteJ to run 'the-LLx-kide - of which seven were eantnrp! . - . 1 Highest RANK.--Tbe Itichmond Dispatch rctnrii ing an old answer to a new question says The highest rank in the rezular annv is th.it 'off " General.". The act of Con .rei provides for five Gerierals, who have, we believe, lecii appointed, f take rapk in the order-in which they arc named, viz f. Gererar Cooper, A!lert Sidnvy Johnston, Ie, -J'ph:'-E. Johnson, and Beauregard. There .cm, therefore,. be no further appointments except through an awend- 01 tue Jaw iy Uongrcss. The Lincoln Akmt. A correspondent of the Lmaanati linqmrer , writing from, Washington, aj'S : " The health of the army hero is exceedingly gojh and but few deaths are occurring, compared with th immense number of soldyrs in the field. By ret urn j in the War Denarfment tin to the 99l f Denemlier.-' I Jcarn that the mortality in our army nuce the war . 4 , . , broke out will reach 22.000 men. The number killed in battle, skirmishes, &e., is alxi;t 11,000, and the humlier woundetl 17,000. There figure may appear Btartlinz to a srrcat many, but thev are reliable. The , number of prisoners South, and soldiers deserted and misring is about 6,000. The entire strength of our army, as by .returns in the' Adjutant-General's Offi'-e, foots up 521,000 about 430,000 now reported as fit for i r"ice. " ' . ' . '! '- , ! , . ;. ' It is reported that rhe Charlotte gas works were burnt down ou Wednesday night. Columbia Carotin.
Daily State Journal (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 25, 1862, edition 1
2
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