Newspapers / Fayetteville Observer [Semi-Weekly, 1851-1865] … / Jan. 8, 1857, edition 1 / Page 3
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* onSKllW.H. FAYETTEVILLE. TiriRSDW KVEMNG. JIMARY S. !Si7. (\) VL AND Iron.—We copy from the Wilming ton Journal an interesting article under thit head ing. We agree fully with the Journal, that it will be very bad policy for the friends of the river iniprovenient and of the rail road to array those pchenies against each other. There will be work enough for both. And both can be accomplished, beyond doubt, if adequate means be ^provided We fully admit all that, as we have never denied it Wc differ from the Journal, however, on one or two points, as to the relative advantages of the two works. In the first place, there will be no more load ing or unloading on the rail road than on the river. The cars will receive the coal at the mouth ,.f the shaft, and will dumf) it into a boat on Deep river, or into a boat at Fayetteville, precisely the same operation iu each ease. The Deep river boat or the payetteville boat will stand in pre cisely the same position at Wilmington. Now if tbe rail road should, be extended from Fayette ville, either to Wilmington or to Beaufort, there will be less loading and unloading than on the river. We think the cost of transportation will be less on the rail road. It is plain that the road will cost less in the first instance than the river lujprovement; for tbe Journal says that a million of dollars ought to have been asked at first for the riverj whereas, 8700,000 will build the road as every body knows. And as it is admitted that the work done on the river is perishable, and will have to be done over again, the inference is plain that a million ought to be asked now, to do the work well. That sum, with what has already b. en wasted, will make an aggregate of twice the -t of the road. After both are completed, there will not only 1a greater amount to invest in boats than in Thk Hank Debate.—We are indebted to a friend now in Raleigh for the interesting sketch of the important debate in the Senate on Monday. We are astonished at the argument of Mr. Cam eron, the Senator from Orange, in relation to the 'Cape Fear Hank. lie has made the gravest imputa tion upon that Hank, viz: that in April 1855, when its stockholders accepted the amended charter it had so large a suspended debt that it was com pelled to go on, and could not wind up. It is true he admitted in the end, that this was but an inference of his own from the fact that the addi tional capital stock had not all been taken. Hut can the Senator feel that this latter fnct justifies an inference so fatal, if it wore true, to she cha racter of the bank for soundness? Nothing but the most positive and accurate informatien seems to us to justify an imputation upon the credit of a bank any more than of an individual. Now we alBrm, with opportunities for conside rable familiarity with the affairs of that bank, that this is the first intimation we ever heard of thtr^xistcnce of any such large suspended debt, and we ai^ sure that it could not have existed without our knowing soriething of it. But to rebut Mr. Cameron’s inference, we state the well known fact, that when the bank accepted the re-charter, it had a surplus fund, (over and above its full capital of $1,500,000,) of S387,- 176. And that when the new stockholders were admitted, they appointed one person, the State appointed another, and the old stockholders a third, who, as the new charter provided, proceed ed to value the stock, so as to admit the now stockholders at that valuation And what was the valuation of the chosen agents of these three great interest.-? Why that the old stock was worth S1‘21 per share, and that the new stock holders must pay 8121 per share to put them on a footing with the old ones. Every asset and responsibility of the bank were before these three gentlemen, and their wits were sharpened by their interests. They found no large suspended debt. In truth, it was believed by the ofi&cers of the bank and its various branches, that out of all its capital .stock of that Hank had been enlarged and only a small portion subscribed, and because AN OCCASIONAL CORRESPONDENT. | they had adopted the charter tomiered. he tliought Raleigh, Jan’y 5. j the stockholders felt it would be easi’r to [^o on Tbe Members have nearly all returned, and in | under the new chirter than wind np under the Cfenerai FROM , debt, there was but S2000 that was even doubt- but a greater Dumber of hands required to I stockholder, thought there was both Houses they have manifested a disposition ^ to despatch business. A portion of the time of j the House to-day was occupied in discussing a Bill introduced by Mr.. Stubbs of Beaufi>rt, to compel Judges to file in writing their charges to juries whenever Counsel lequired it; and to au thorize Defendants in actions at Law to file a Statement that not more than a certain amount is due, when if the Plaintiff recovers no more, he shall be charged with the cost of the witnesses in attendance; and further, that in certain cases, the Defendant or Plaintiff may be examined. Mr. Stubbs made a vt^ry able argument sustain ing the Hill. He was replied to by Mr. Leach, of David.son, in opposition. Mr. Cald well of Guilford, also advocated it. To the sur prise of many the Hill passed its second reading. A Hill which makes important innovations on the practice of'our Courts of Law, will hardly pass as a whole on its third reading; but it may pass in a modified form. The time of the Senate was consumed to-day in the discussion of the 15th section of the Bill to re-charter the Hank of State. [Requiring the liank to loan $200,000 to the State and to trans fer S300,000 per annum to New York free of charge, and in consideration thereof to be exempt from taxation.] It was contended by Mr. Wilder of Wake, and .Mr. Cherry of Bertie, that it was better to tax the stock 75 cents on the share, and exempt the stockhohlers from taxation on divi dends from that slock. .Mr. Wilder said the re sponsibility of introducin;); the Hill rested with him alone: that it was not introduced by him for or on account of the oM stockholders. Mr. Cherry said he was tired of hearing Senators speak of the moneyed power, and hoped never to hear more of it. It was a species of demagogue- isin, which ought not to be tolerated in that hall. Messrs. Tliomas of ChiTOicee, and Pool of Pas-* quotank, ably contended that the State should retain the power to tax dividends iu addition to the taxation on the stock. Mr. Hill, of Caswell, moved to amen'l by in serting the section in the Charter of the Hank of Cape Fear, so as to put both Hanks on the same footing. To this atneudiuent Mr. Thomas of Cherokee objected, because the Directors of the State Hauk had refused to accept the charter previ ously granted—and he would not give them an other opportunity. He wanted to know if Mr. old. Mr. Hill was glad the Cape Fear l>ank was still sound, in his estimation; but ho might yet a.sk for a committee of investigation. That Hank, if he uiiderstH)d its po'itio?i arfght, had a.^ked the sovereign for an extensi(»n of its charter to enable it to furnish a eurreney for the people of the State. Upon its application the sovereign acted atid tendered a (!harter, wiiich they had a right^o accept or not. When tliey came to act upon that question, they said,— The will Mes.srs. W. H. Thomas and Wilder .spoke against it Mr. Dockery spoke in favor of it In the Hou.se on .^Iouday, Mr. Meares presented a memorial from certain mechanics, petitioning for the passage of more stringent laws against slaves hiring their own time, and against free ne gro labor coming into competition with white labor. Mr. Settle, from the committee on Constitu tional Reform, reported against a bill to protect land against undue taxation. Mr. Folk gave notice, that he shouM in due time, present a minority report. 3Ir. Waddill introduced a re.solution, instruct ing the Judiciary Committee to inquire into the expediency of amending tUh section of tjtJth sovereign has acted—this is the best slie i chapter of Revised Code. do—she is not a child to be cajoled—and' .Mr. Richard.son introduced a bill, to amend 1st propel them, to say nothing of the regiment of men required to tend the locks. And then three or four hours will be ample time to bring a train 40 miles over the road, whilst two or three days will be required for a steamer and four barges to ^ ' ..u • j • j * ® ; of the authorised increased pass all the locks and reach Fayetteville, 120 Cherry applied the term demagogue to him, more, but they agreed that S121 per share was a ' Mr, Cherry disclaimed. fair valuation of the bank’s assets, and consented Mr. Wilder explained that the printed bill was to pay that per share. ‘ drawn up by an officer in the Hank at his request. The plain and obvious reasons why the whole capital of the Cape Fear Bank was not subscribed, were three, viz: miles. Moreover, the road would be capable of' , . mu * i i • u • ^ 1st. That there has been a pretty severe pinch in constant Me, every day; wb.Ist the river would , ften be in a condition to prevent a boat gettinsr i e= e I mington and ot Clarendon were chartered at tbe either through the locks or over the dams. The ,, c c ■ j last session, and they had each troops of friends, locks themselves often get out of order; and when i . , i ■ v, • ■ .u • * • » -j i ® ^ interested in bringing them into existence, od, one out of upwards of twenty is thus out of or-1 , , . r n ^ ^ , 1 (and strongest of all,) there was an altnost uni- lier, the entire navigation is suspended. i , • ■ , i i 3. 1 • 1 I versal opinion that the charter was an exceeding- 1 he Journal mentions the Reading rail road' and the Schuylkill Canal. These are side by «ide. And though a canal is not liable to the prodigious freshes which are common to our river, that road transports fiearly twice as much coal as the canal. While on the Baltimore rail ly unfavorable one—that the last Legislature had exacted a heavy tax, and imposed needless and injurious restrictions. 4f the State bank stock holders refused to accept just such a charter, and many of the Cape Fear bank stockholders were , „ , 1. , ,, , , , . equally opposed to accepting, why should Mr. road, hve-sevenths of the Maryland coal is trans-1 1 i. w .u f •' 1 Cameron seek about tor another reason tor the porteii to two-sevenths by canal. .... , ^ , additional capital not being taken.' For these reasons, we think, unlike the Jour- and that the amendment was suggested by the committee. The Senate took a recess till 3 o’clock. The Supreme Court has brought together members of the legal profession from various parts ot the State. Your owu town appears to be fully represented bef>re that hotly. Judges Pearson and Hattie are on the Bench. The Chief Justice is absent for a day or two. Ef^ninij Session.—The debate on the State Bank bill was re.suined. Mr. Paul C. Cameron, Senator from Orange, regretted that Senators had used the argument the question for us to determine is, whether it i to our interest to adopt this ('barter or not? To this question they gave an affirmative response; and he thought they had acteil wisely, and wouM make money by the operation. The State liank had acted otherwise; had rejectijd the Charter as they hat! a right to do. Hut they do more; they memorialise tlie Legislature and .say, we can only accept a Charter on certain terms and conditions, and they assign five reasons (some of them as he went on to say frivolous) and then the Senator from Wake presents a Hill preparetl as it appears by an officer of the liank. And when a Senator propo.scs an amendment to put the State Bank on equality with the Cape Fear, which re.serves to 1 the Legislature the right to tax the Dividends of the Bank, we are openly told that if the re- charter is denied, or tendered on terms the Legis lature deems just and applies to all other Banks and every species of property in the State, viz: a right to tax profits—that we will not be able to commatid money enough to organize another such Bank, and that bankruptcy will be the result. I tell those gentlemen, if the State Bank were blotted from existence to-morrow, another insti tution just as good anil solvent would take its place, and be officered by as able, pure and up right men. And the Senators from Orange and Warren would learn that the State Baak is not the State, or the centre or the sun around which the State revolves, and before which it is ex pected Senators shall bow ilown and worship. One of the richest branches of the State Bank is located in my county—my personal and political frieii'ls desire it to remain there; but I know them too well for an instant to suppose that the}’ desire me as their Representative to deal out to it more liberal terms than have been granted to the Cajje Fear Bank, an institution that has been as ably and as well managed, and in which the State is as much interested as she is iu the State Bank, which, because its charter does not expire till 18tJ0, has time to try to obtain a more favor able charter for itself. The speaker continued by saying they will yet accept the charter temlered—^if they do not, others are ready to take their places; but if more favorable terms are granted it, they should like wise be extended to all the other Banks. The discussion was continued, by Messrs. Myers of Mecklenburg, ami Thomas of (Chero kee. When .Mr. Cameron of Orange replied and Mr. Hill of (’aswell rejoined. I have given but a glance at the positions taken by the Senators mentioned, and in this meagre acci>unt have doni their efforts great injustice. MARRIED, Near Lumber Bridge, Robeson county, N. C., Jftw’y 1, 1857, by the Rev. Neill McDonald, CORNELIUS RUTHVEN, of Darlington District, South Carolina, to Miss ELIZABETH, daughter of Daniel Graham. In Wilniington, on the Cth inst., by Rev. Dr. Drans, Dr. J. A. .MILLER, of Georgia, to Miss ANN ELIZA ASHE, eldest daughter of Hon. Wm. S. Ashe. DIED, In .Mariana, Florida, on the 4th Dec’r, Mrs. ANN WH.VLEY, relict of the late Joshua Whaley, formerly of this place. In Wilmington, on the 18th ult., Mr. WILLIAM K LEWIS, aged ;iO years. that as the ('ape Fear Bank had accepted its 1'Ir- Cameron makes a showy ami interesting nal. that if one or the other of these works is to ! be (li.scontinued, it had better be the river works. | Tbe road asks for not a dollar of appropriation fr iiu the State. It will pay the interest on the bon^ls it asks for. It can be completed within a year or two at the most. Its cost is a thing about which there is no uncertainty. It will be yond a doubt develop the rich mineral wealth of the Deep river region. That is the true object • of State interest and State pride. And the sooner j it is d'tne the better. The Journal speaks of the Deep river works j f u^^iIlg out of the hands of the State, in case a further appropriatiou be not made; and the same | idea i? presented in the late Report of the Deep Kiver (.'ompany. Why should the works pass ^ fruoi the State? Has not the State a mortgage j ou the entire property and franchise? If so, | htiw can they be sold except in the State’s favor, i t" foreclose that mortgage? 1 Wo have said thus much, not because of hos tility to the river improvement, but simply to rebut the Journal’s argument. W^e might even be pardoned for something of hostility to a work which was intended by some of its projectors and warmest friends to obliterate Fayetteville from the map. But the readers of the Observer know that we have indulged in nothing of the kind. Our niembers have voted for appropriations to it, without a word of complaint from us or others here W’e have said nothing about it, not even to chronicle the mishaps which high waters have Caused, but have been anxious that it should f^ucceed, in view of the vast interests involved, to the State, and particularly to this section of it. I.NTERESTINO STATISTICS.—We copy from the Washington Union a table of the population and vuluc- of property in each State in the Union, C 'liiuiuuicated to Congress by the Secretary of the Treasury. It may approximate to the truth, P 'ssibly, but it is manifest that it does not do ju>!tice to North Carolina, which has credit for ?-o9,003,872. Now even by tha low valuation of real estate made by the Assessors, that item iuinuuts to 899,800,000. And by the Census of I'^OO which the Secretary takes for his data, there were 288,548 slaves in North Carolina. All sales show that these are worth on an average (^otisiderably more than 8600. But we will put them at ?600, and that item amounts to 8173, 128,800. These two species of property alone, tbi;refore, make §272,928,800 in value, being ^33,325,428 more than the Secretary allows us for the value of the whole property of North Carolina. Should we add tbe horses, cattle, liogs, sheep, bank and other stocks, money in vested in shipping, manufactures, trades, mer chandize, furniture, &c. &c., there «an be no doubt that the aggr»gate wealth of the State is at least 8400,000,000. CoNQREss.—Nothing of interest has occurred since our last, except th« election of Mr. Mason, of V'^a., President2>ro-em., in place of Mr. Bright, whenever abseat. There is only one other point in Mr. Cameron’s remarks that we propo.se to speak of. ILi; thinks that a commercial debt is not so easily called in as a debt of agriculturists. We appeal to every man in the State who has had any practical ac quaintance with banking, if the fact is not di rectly the reverse. We have our doubts whether tbe debt due the Cape Fear Bank is more com mercial than that due the State Bank; but wheth er 80 or not, what we have said is practically true. Iron MA.N'ur.\CTURE —The Philadelphia Amer ican thus sums up the iron business of Pennsyl vania for 1855: 4.S9,186 tons of iren made; of which 278,941 tons were anthracite pig iron; 66,970 hot blast charcoal “ 60,2j5 coal “ “ 24,5-50 coke “ 12,-50t) raw bituminous coal “ Of finished iron there were manufactured— 227,837 tons; comprising 121,5oO “ of nails, rods and bars; 82,107 “ rails; 21,oUo “ sheets and plate; 2,075 “ hammered bars. Tne iron works at which these amounts were manufactured comprise 275 furnaces, of which i03 were in blast, the whole of them having a capaci ty to produce 024,400 tons, the anthracite fur naces alone being capable of furnishing 355,000 tons; 111 forges, with 298 fires iu and 01 out; 38 plate ard sheet mills, all but two of which were busy; 53 merchant mills for bars, rods, nails, having 123 trains of finishing rolls, and 671 nail machines, with a capacity to produce 785,000 kegs of nails; and 10 rail mills. The whole production of the United States was about a million tons, and its consumption 1,386,- 000 tons; so that Penn.sylvania furnished about half the whole product and one-third of the con sumption. With the exception of Great Britain, producing 3,500,000, and France 625,000 tons, Pennsylvania is the largest producer in the world. More than thirty milfions of money are in vested in the Pennsylvania iron works; more than 40,000 men and boys are employed in them; and these 40,000 represent a population of very nearly 200,000. North Carolina, it has been said in reference to the proposed development of its mineral wealth, is and ought to be an agricultural State. It is true. But who can estimate khe effect upon the agricultural interests of a population of 200,000 engaged in producing iron and requiring to be fed? The production of coal doubtless sustains another hundred or two hundred thousand of the population of Pennsylvania. Encourage Southern Periodicals.—A specimen copy of the Charleston Medical Journal and Review, (an advertisement of whioh will be found in another column,) may be seen at the Book Store. It is adorned with an elegant por trait of that distinguished Professor, Dr. Samuel Henry Dickson. Dividend.—The Fayetteville and Northern Plank Road Company has declared a semi-annual dividend of 6 per cent.—83 per share. See ad vertisement. charter, the State Hank should do the same. That view of the case was no argument. He knew well the President of tiie Cape Fear Hank, aud esteemed him hi;'hly, and could not if he would, impeach his integrity or his honor; but the condition of the Cape Fear Bank aud State Bank differed materially. The one had a large suspended debt, the other a small one; the one was embarked in the intricacies of commerce, the other rests on the solid basis of agricultural prosperity. These reasons may accouiit for the Cape Fear Bank accepting its charter, and ex plain why the State Bank did not. The capital of the one was involved in commerce, therefore not so easily called in as the other; so that the Cape Fear Hank after all r?My have accepted its charter not becau.>ie it was a good one, but be cause it was not prepared to wind up. He maintained there were too many Banks, and too much Bank capital, and that whoever had gotten up those little local Banks had foisted on the State an inflated bladder that would burst aud produce universal bankruptcy, the greatest curse that could come upon the State. He had seen its effects in 1837; but that even then the State Bank had not suspended specie payment until the Banks of Virginia had suspended. ■speech—but not to the point. Mr. Katon speaks clo.sely to the subject-matter, and Mf. Hill pre sents his ideas forcibly and clearly, in a strain of impassioned eloquence which gracefully sets off the strength of his points—and for his - zealous manner I doubt whether any but himself felt that there wa> nc(^ of an apoloiry. The amendment offered by Mr. Hill passed by a. vote of 32 to 0. Aud another ameudmeui which requires the Mother Bank to redeem the Notes of the Branches, at II ileigh was still pend ing when the Senate adjourned. RALKKiii, Jan’y 6. Messrs. E. J. if* Son: (joatlemen—The time of Senate and House was spent to-day upon the subject of issuing small biUs, and both Hou ses adjourned without a deci>ive vote. The bill to re-chartor the liank of the State was not called up in tlie Senate, but I find both in and out of the Legislature a strong feeling of disapprobation of the attack made l>y Mr. Came ron of Orange on the Bank of Cape Fear; while on the contrary, Mr Hill of Caswell is highly complimented for the able and '^lucjuent speecli in its defence. The two Houses have *t last set to work. The Rail Road bill to the Coal Fields will probably come up to-morrow, and to that He owned no Bank stock, but rested alone on the favors of | point it will probably pass. Him who sends sunshine and rain; but he felt that for the welfare of the State the Bank should be re-chartered. The Treasurer of the State has sat at its board, and in times of peril had always obtained aid for the State. I will steer close to the shore, I will rake up all 1 have aud sit upon it, rather than embark it in wild and visionary schemes of banking not based upon specie. If Raleigh, Jan’y 7. ’ In the Senate, upon a proposition to elect Trustees of the University, Gen. Dockery said he had understood the democratic party had held a caucus a few nights ago and were prepared to present caucus candidates—candidates nomiuated 'mid the light of dark lanterns at midnight— and thereby were endeavoring t6 make the Uni- money enough in the State to take the stock in another of the same size. The funds vested there will go elsewhere—and a crisis will come upon us beyond what we now conceive. Mr. Eaton, the Senator from Warren, thought if the amendment is forced upon the stockholders, they will not accept th« charter. The Bank should be a favorite of the State. It has afford ed a good currency and mau;;ged our school fund to our profit. No branch bank—no agency in Warren. He repre.sents an agricultural commu nity, and concurs with Mr. Cameron, who.se speech he thought the best and most argument ative he had for a long time heard in the Senate chamber. He did not regard the memorial as dictatorial. He was old-fa^hioned in his notions, and opposed to fri-e banking; and thought it best to re-charter the St*ite Bank under the charter prepared and printed. Mr. Sam’l P. Hill, senator front Caswell, said the question is not whether we shall grant a charter to intelligent men, or whether we shall embark in a system of free banking. If that was the question he would agree with the sena tors from Orange and W'^arren; but the question is, shall we re-charter the State Bank upon its own terms, without retaining a right to tar divi dends to aid in the payment of the State debt. That was the question, and upon it he differed with both senators. He paid a high compliment to the officers of the State Bank, and praised them for the sound currency they afforded the State. Up to the time when the senator from Orange had indirectly attacked the Cape Fear Bank, he would have said as much for its ofiBcers and its sound financial condition; but if tbe Cape Fear Bank was forced to accept its charter, as had been said by the senator from Orange, be cause of its suspended debt and involved condi tion aud inability to wind up, he was glad that senator bad brought the matter in the discharge of his duty to the attention of the Senate, and he pledged himself to call for a committee of in vestigation, for the State had too much capital in that Bank to be endangered either in com mercial intricacies or suspended debts. But be fore doing so he asked if the senator from Orange made a direct charge, or merely a statement arguing from circumstances. Mr. Cameron replied, that he did not make a direct charge, but that from the fact that the a State literary institution. He desired to know whether madam rumor spoke truly. Senator Eaton of Warren, said he had heard such rumor, aud was surprised; but that he was prepared now as formerly to cast his vote upon high grounds. The di.scussion was continued till i past 1 o’clock, whether they would go into an election at 12 o’clock. Mr. pool, of Pas(juotank, charged that the Democrats had caucused and had caucus candi dates; and whilst he overlooked all the other cau- cusses they had held, he could not wink at the attempt to make the Trustees of the University democratic partisans. The discussion was parti cipated in by Messrs. Hill, of Caswell, Cherry, of section of 17th chapter of the Revised Code, re lating to militia. .^lr. Hill of Stokes introduced a bill, to in- (^orporate the High Point, Salem, tJermantown and Mrginia Railroad (’ompany. Referred to cipinniittee on Internal Improvements. The motion to adjourn on the 26th was carried in the House without a dissenting voice. I have no idea that they will adjourn at that time. -Mr Stewart moved that the engrossed bill con cerning Harnett county be taken from the ta ble and referred to the (^)inmittee on l^roposition.s and (trievances. Mr. Hetliea presented a resolu tion and memorial which he wished referred with said bill. Mr. Waddill’s bill concerning widows was taken up and rejected. A motion to re-cousider ihe vote rejecting it was mtide on yesterday. A bill to repeal section t», chapter 8», of the Revi.sed Code, which makes it a penalty to issue small notes, was passed by yeas 65, nays 37. Messrs. Bethea and Stewart both voted for it. A bill to divide Chatham county was indefi nitely postponed. Considerable fun was hal over the bill to remove the city of Raleigh to where the moon shines, which of course was rejected. In the Senate, yesterday, but little busine.ss was done, a large portion of the time being taken up in discussion of Mr. Holt’s small note bill. Messrs. Dockery, W. II. Thomas, and Pool spoke ill its favor, and Mr. Eaton against it. Not hav ing heard the discussion, I cannot speak of its nu rits, but understand that it was ably conduetca. Mr. A. J. Jones presented a memorial from citizens of Bladen in relation to the county line. lu the House, most of the day was occupied in discussing Mr. Elliott’s bill upon snuul notes. Messrs. Foster and Elliott spoke in its t'lvor. In these gentlemen Randolph is ably it prt-seuted. Mr. Caldwell made an cx-jcllcnt speech in favor of the small notes. Speeches were made upon this subject by several other gentlemen. The People’.s Bank was reporte'i 1v 'ir Baxter, with H number of amendments. It will i ■ r. jfirintcd. Mr lUcdsoe gave notice of a minority it-port. A bill was introduced by Mr ticevcb of Surrj-, pro posing to change the 5th .and Oth Congressional Dis tricts by putting Davidson in the ;',th and Caswell in the Gth, thereby making l’ur>»;;ir s l>i*ti-ict inevitably Democratic. To-day, iu the House, the discu.ssiou on .\lr Elliott’* Minall note bill was continiu 1 tty Mr fcllliutt iu an able speech, exjilaining his reasons for desiring its passage, and on its merits generally. .Messrs Hill of Halifax und Outlaw opposed the bill. It passed, with several amendments, by Veas til, Nays [Messrs Stewart and Bethea voted Vea.] No other impurtiint business. In tho S?enate, much tiina was taken up iu discus sions. .\ message from the House proposing to go ^ into the election of five Trustees of the University, led ' to an animated and exciting debRte. The .Senate refused to concur, but immediately afterwards sent a message to the Ilous(* fixing a time for the election, in which the House refused to concur. The bill to subscribe for stock iu the Seaboarii and Roanoke K. K Co. to the amount of it;s bonds lue tlie rotate, was amended by giving the Co. tive years longer ■ to pay. The bill then passed. Nothing else of interest. The Standard lately reported Mr Pickett of Anson as having introduced a bill to remodel the C'ty Courts : of -Vnsou. The bill was to remodel the*courvS of Du plin, and was introduced by Mr. 1‘. at the rciuest of Mr Houston, Senator frou'. Duplin. 1 mnke this Statement to put Mr 1’. right with his c^j^stiluents. You will notice that Mr. Baaks repeats bis Lecture before the Uak City Guards ou Friday night. It is to be hoped that he wiil have pleasant weather. Z. [We greatly curtail our correspondent's letter, as well from inability to gel it all in type before we must I go to press, as because much of it covers the same ground as our “Uccasional Correspoudeni’s ’ letters, previously in type. It is mortifying to find that the Democratic Caucus has made a party movemant in the election of Trustees of the L’uiversity; and that they propose to remodel a Cougressional District so as to make it democratic. It is to be hoped that there is enough patriotism in the party to defeat both projects. If uot, let us have a law at once, that uone but democrats shall be eligible to any office of honor or profit.]—Epitors Ubseevkr. 1 Municipal Election.—The election on Mon day last resulted iu the choice, by a large ma jority, of the following gentlemen. Mayor and Commissioners for 1857, (the American Ticket:) RALPH P. BUXTON, Mayor. CO.MMISSlONfcU«. Ward No. 1 Jas. Suudy. 2 M. McKinnon. 3 E. L. Pemberton. 4 Jas. McUilvary. 5 A. A. McKethan. 6 Wright Huske. 7 William Warden. C mAL RECORD. ARRIVALS. Banks’s Line. Jan’y 0—Str J R Grist, with goods for C Banks, F D Breece, J N Smith, G McNeill, C D Nixon, -Miij l..aidley, 11 Erambert, A G Thorntou, J A Leach, Murchison, Reid J’ Co, A A McKethan, George Lau'ler. Cape Fear Line. Jan'y 5, Flora McDonald, with goods lor K Glover, G Thornton, .M Reid & Co. S J Hinsdale, E .1 Crowson, Worth A Utley, J Martine, A •\ McKethan, C T llaigh Sons, A A Lsach, J J Leach, Deep River (’o. Union Co. Rockfish Co. A W Steel, Rev. D DeSchwenitz, E Belo, John Douglass, J Shaw, Robbins 4' Ohilcott, J II Prich«tt, Rev. Geo Mc Neill. .Jr. i*OK’r OF . ARRIVALS. Jan’y 2.—Schrs. J B Coffin from New York; Ann Maria and O ld Fellow from Lockwood’s Folly; J C M.ason from Shallotte. .‘L—Schrs. Henry Nutt from I’hilii'leljihia: Palestine from Hyde Co.; Sidney Price from Nt*w York; Charles Fox from Hertford, N. C : u.—Sclirs. Ellen Randall from Little River; Daniel W Vaughn and Southeni Bell from New York, Mar- i puret Y D;tvis, Khoiia and Beulah from Boston; Purse ' aud Agnes .McLean from Tar Landing; Br. Brig Rob’t Bruce trcm Liverpool. *5.—Schrs. Edward Stanly fm Hvtle Co.; Lavinia from W'ashington, N. C. Jaii’y (>— Hr Brig .\giicola from Boston; Schrs To[jaz from Per- iiuimons County, Sam from Boston. f'is^arsl i'igarsl VCIlUlCE LOT of different brands, just received aud for sale by CII.\RLES BANKS. Jan’y 8, 1857. 71-2w SiiocKiNO Accident.—The wife of Judge Peter V. Daniel, of the U. S. Supreme Court, was burnt to death on Saturday night last, by her clothes taking fire. She lived iu great agony four hours after tne accideut. She was 35 years of age; auu has IcfVtwo young children. WA8HINGTON, Jan. 3. The ISecretari/shij).—The report that Senator PLOUGHS! l‘IA)L(aiJS!! PLOL'(JHS, No. G, 10, 11, 60 and 60, just received. Also, liSO Dozen Plough Points, assorted Nos. for sale by PETER P. JOHNSON. Jan’y 5, 1857. 71-3t I'lKSr AND LAST CALL. A LL persons indebted to the subscriber by Note or /W Account, are requested to make immediate pay ment. -Vll who fail to pay by the first of Feb’y next, will fiml their Notes and Accounts in the hands of olficers for collection. PETER P. JOHNSON. Jan'y .'), l8-‘)7. 71-3t Argu' copy. M:\V YORK Al)V ER nSE\IEi\T\ \nm i\D Fi\cv yooDs. EDWARD LAM13ERT & CO., 55 ( hiHiibers Street and 33 Reade Street, OPPOSITE THE PARK, ILL be prepared on and afterJnu’y let to open their SPUING I.MPORTATION, comprising an extensive and varied assortment ot choice, novel and desirable Silk and Fancy A.lapted especially to the wants of first class North C.irolina Merchants, an'l which will be ofi'ered at the very lowest market prices. Jan'y 1, 18-)7. 71-3m (; A ilDEi\ SEEDS. .Vr#r Vrap. ASPARAGUS. P>E.\NS —Early China, Early Valentine, Early Six-weeks, Large Lima. BEET.S—l'arl\ Blood Turnip, Long Blood, Early Bassano, W hite Sugar. BROCOLl—Early White. ^ C.lBBAGE—r.any York, Larly Sugarloaf, Large French Oxheart, Large York, Flat Dutch. Late Drumhead. CAULIFLOWER. C.\RROT—Early Horn, •Long Orange. CELERY—White Solid. (;OUN _!^weet or Sugar. CUCU.MBER—Early Frame, Long Green, Gherkin. EGG PLANT—Long Purple. LETTUCE—White Cabbage. ■MELON—Nutmeg, Pine -Apple, W ater. ONION—Large Red, White Portugal. PA RSL E Y —Curled P.VRSMP—Long Smooth, PEPPER—Sweet Mountain. R.\D1SH—Early Short-top, White Turnip. SPIN.VtMI—Round. S \LS1FY, or Vegetable Oyster. SQUASH—Early Yellow Bush, Early Crookneck. TO.MATO—Large Red, Laige Yellow. TURNIP—Early Fiat Dutch, White Globe, Ruta Baga All fresh aud genuine and of growth of 1856. For ■sale wholesale and retail by S.\M’L J. HINSDALE. Jan’y 8, 1857. 71-3ti Ifenic, Iloust™ of Dupli.1 a,„l Thomw, of Pa. . Ijecrefar, of State utijer -Mr. liu- BACON— COTTON— Fair to good, 12| a 12i Ordin to mid. 11 a llA COTTON B.\GGING— Gunny, 22 a 25 18 a 2U vidson; all of whotn made eloquent and interest ing speeches. The debate was the more interest ing because it was the first discussion of a parti- i san character, and one in which all the disputants ‘ bore themselves ably and showed conclusively that each party is still wedded to its party views. ' In tho House, the small note bill, introduced by Mr. E lliott of Randolph, occupied the entire ' session. Aniendm-.'nt after amendment was of- i fercd. Me.ssrs. Baxter, Elliott, CaMwell, Stubbs, i and others, participated in the debate. The most importar.t feature of the bill is that all the Banks Dundee, in the State have leave to issue 10 per cent, of their capital in ones, twos, threes and fours; and i that all those small bills shall be redeemed either at the principal bauk or at either of the branch- j es, no matter where payable. But before the j privilege of issuing these small bills is given to j the Bank of Cape Fear, the Bank of Clarendon, | and the Bank of Wilmington, they shall agree to ! strike out that feature in their bill whereby the i Legislature says in effect that if it gives more fa- | vorable terms to other Banks, it will extend the. same favorable terms to each of those three Banks. The bill passed, 63 to 51. FROM OUR CORRESPONDENT. Raleigh, Jan. 7. In the Senate, on Monday, Mr. Myers of An son introduced a bill concerning the reception of certain evidence in cases of assault and battery. The bill to improve certain rivers in Sampson county was rejected, by yeas 13, nays 29. A message from the House to adjourn on the 26th inst,, was concurred in by yeaa27, nays 18. jan’y 5, 1857. chanan’s administration is untrue. We learn from excellent authority that he has been offered the position, but declined accepting it. FAiETTKVlLLE MAKKKT.—.January 14 a 16 5(J a » 00 10 a 0 00 12J a 13 LARD— MOLASSES— Cuba, 50 a 52 N. Orleans, tMi a 00 SALT— Liv. Sack, 1 FLAXSEED, 1 N. C. SPIRITS— 7 2-5 a 0 00 P. Brandy, 80 G 75 a 0 00 Apple lo, ti5 6 25 a 0 00 Wtiiskey, 05 5 75 a 0 OU,WOOL—' H TURPENTINE- 85 a 90 ] Yellow dip, 2 30 a 0 00 10 a 1 20- Virgin, 2 30 a 0 00 50 a 0 00! Hard, 1 30 a 0 00 75 a 0 801 Spirits, 88 a 00 90 a I 00| a 00 a 70 a 00 a 18 Family, Super. Fine, Scratched, GRAIN- Corn, Wheat, Oats, Peas, Rye, REVIEW OF THE .MARKET. Cotton—Since Monday we advance our quotations. Flour—We reduce. Dry Hides—We advance; 16 to 18. Corrected by James G. Cook. WILMINGTON MARKET. Turpentine 285 for virgin and yellow, 185 for hard. No sales of spirits, buyers offering 46, sellers holding higher. Tar 1-50. Cotton 12 to 12i 30 Corn Shellers and Straw Cutters, just received and for sale by PETER P. JOHNSON. 71-3t AinM.iCA rioN •Jk be made to the present Legislature of the W » State of North (,’arolina, for the passage of an Act authorizing the formation of a Fire Company in the Village ot Rockfish, Cumberland Co. Jan’y tl, 1857. 71-3t Dividend Xo. 8.—F. cf i\- P- 1^' V SEMI ANNUAL DIVIDKND of 0 per cent or $3 per share has been declared, on the Stock of this Co payable on and after .Monday next the 12th inst. JNO. M. ROSE, Sec’y F. & N. P. R. Co. Jan’y !, 1857. 71-2t cnAinj’:s TON 11!l)l('lli JftlJilMli MMW. i:. lilPPllLUr. M. Dm Kditor and Publisher. i' H E twelfth volume of this journal commences with January, 1857. It will, as heretofore, be inde- pei'dent of every local place and influence, be devotel to the interests of its patrons, advancement and dissemination correct observations. This journal is issued on the first of every alternate month. Each number comprises one hundred and forty-four octavo pages, and contains a STEEL EN- GR.\VED PORTRAIT of a distinguished Medic.al m.-.n. The volume begins with the Janu iry, and is com pleted with the November issue. It will thus contain six Portraits, and eight hundred and sixty-four pages of reading matter Terms.-FOUR DOLLARS per annum, i.n auvance, which entitles the subscriber to receive his numbers FRKF, OF i>osT.\OE. Subscription to begin with the January number. Persons wishing to subscribe should address us \)v letter, enclosing $4, which will be at our risk if the letter is registered. C. HAPPOLDT, M D , Charleston, So. Ca. Jan'y 1, 18.57. 71 2t Blanks for Sale at this Office. and will and to tbe of sound views and
Fayetteville Observer [Semi-Weekly, 1851-1865] (Fayetteville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 8, 1857, edition 1
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