Newspapers / The Weekly Raleigh Register … / Dec. 1, 1852, edition 1 / Page 2
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A- -J " t -v.- - C f: 1 I U ft A- ft STATE LEGISLATURE- DEBATE UPON THE ESTABLISHMENT OF A BRANCH .OF THE FARMER'S v : ;; . BANK AT GREENSBORO'. ;' In tub SEKiTii Toesday, Noy. 23rd. The bill .to establish the Farmer's bank of North Carolina was read a third timov MiORvnum moved to. amend the bill bystri- ?5 king, outthefourthaection which provides for the j cstabiyitment of a branch at Greensborough. Mr. Bynum. said he would bo glad if his j hrtrtroM--Tennit, to give his. reasons at ; ; lenitLL-for-makiag thU motion. It was done, "with ho View of embarrassing the original bill. , - The bill, as originally introduced, he believed, "' provided for the establishment of the larmer s , Bank in Elizabeth City, without including a pro vision for a branch, lie was ready to vow, ""u would do so with very great pleasure, for the incorporation of a bank to bo located at .Eliza beth C5tyv And also for one at Greensboro but he was totally averse to the proposed plan of having a divided institution. There was not, so far as hewas aware, that connection or sim ilarity between the two communities, which would justify such a plan. How could the di rectory of the Bank at Elizabeth City know the wants and necessities of the community at Greensboro,' Yet the business of the Bank at Greensboro must be managed at Elizabeth tv Very great privileges were enjoyed by banks-one of which was the right to issue three times the amount of their capital, and he was m fvor, in establishing bank, to provide tr i,ftll furnish the community with a nfficient and safe circulating medium he thought the best way to accomplfsh that pur pose, Was to establish local banks, the stock Lu. h?h should reside in. the neigh borhood where the "bank exists, so tnat tney might hare the immediate superintendence of fvery thing that was done. But in the case under consideration, the whole of the operations f th branch at Greensboro' would be nianag- j cd in effect by the directory at Elizabeth City, j because although, there would be a local direc- tory at Greensboro,' yet they would not be able to do any thing that was not sanctioned by the principal directory at Elizabeth City. And so far as ho was acquainted with the different localities in question, he believed no two com munities could be more dissimilar; and more unacquainted with the wants and necessities of each other. Why then connect them. He could not eonsent to support any bill for the es tablishment of a bank with branches, although he was decidedly in favor of local banks, be cause he had witnessed the operation of both kinds of Banks, and experience had shown him clearly that the community was most benefitted ! Mbj local and independent Banks. And so far as the experience of banking operations in neighboring States, as well as our own, was con cerned, the superiority of local banks had been demonstrated. They were invariably better managed. The stock of such banks always "ommanded a better premium than that of oth er banks. He entertained no hostility against the bill ; on the contrary, he was in favor of the establishment of a bank, in Elizabeth City and also, one at Gcensboro', but he could seo no good reason why they should be connected to gether. There was another objection that he had to this bill although he was well aware that nei ther of the gentlemen who were interested in its passage, (the gentleman from Perquimans, and the gentleman from Guilford,) would sanc tion any thing of the kind themselves, but the bank would do it undoubtedly it bad been done before and would be done again, the ob jection was that notes payable at Elizabeth Ci ty would be issued at Greensborough, and notes payable at Greensborough would be issued at Elizabeth City. The object of the bank would be to put their notes in circulation where they could not conveniently return to tho bank to draw specie. He was altogether in favor of. bo arranging banking institutions that the hol ders of the notes would havo easy access to the bank-eo as to obtain specie for tho notes of the bank,' whenever they desired to do so. This was 6i4 reason why he should go against all "banks having branches, particularly after the decision of the Supreme Court upon a bill which passed the General Assembly at tho last ses ' sion, which bill he had supported on the ground that it required nothing more than was just, honest, and reasonable. Mr. Jones, of Perquimans, said he hoped the amendment would not prevail. It was true that this bill was introduced in the House of . Commons without the clause which the Senator from Rutherford had moved to strike out ; but it was in contemplation to establish a branch at , some point where banking capital was needed, and-application was made by the representative of that county, which was joined in by the Sen ator from Guilford, that Greensboro' should be selected as the location of the branch, and it was accordingly inserted in the bill. He be lieved it would not be disputed that a bank of some kind was needed at Greensboro'. The Senator from Rutherford had said he was wil-1 ling to vote for an independent bank to be es tablished there, but the representatives of the County were willingto accept a branch of the Farmer's bank. Aud this arrangement he would add was mainly for the purpose of meeting the opposition that would probably be raised to ee- 1arate bills on the ground of creating so many ocal banks. The. Senator from Rutherford, however, had declared himself in favor of estab lishing them. But a majority of the Senate had expressed an opinion directly the reverse. The Senator had also stated as an objection to tho establishment of this branch, that there was no community of interest between the two places. It is true, continued Mr. Jones, that there is very little direct trade, at present, but when the rail road shall have been completed, Elizabeth City and Greensboro' will be brought within thirty-six hours travel of each other ; so that the fears entertained by the gentleman, re specting the supposed inconvenience to be ex perienced by the holders of notes who desire to convert them into specie, are in reality ground less. . But there was no such purpose entertain ed, as that conjectured by the gentleman, of is suing notes at one place payable at another, so as to embarrass the holders. Mr. Bynum. I stated that I do not impute any such motive to the gentleman, but I say that it will be the practice of the bank, to issue notes at one place, which notes are payablo at another. Air. Jones. Tho argument of the Senator from Rutherford, against the establishment of a branch of the Farmer's bank at Greensboro', it seems to me, is equally applicable to all kinds of banking institutions. But it must be appar ent that the point made by the Senator, to-wit that notes of the bank may be put in circulate n at a distance from the place where they are pay , able, (an objection which is as applicable to any ether banking institution as to this,) will be ob- tory. It seems to me, Sir, that the objections , of the Senator from Rutherford ought not to carry tho proposition that he has made to strike out the provision for a branch at Greensboro . Mr. Gilmer remarked that the very motion now mado by the Senator from Rutherford, had been made when the bill was before tho Senate upon its second reading ; and it was then voted down. He had certainly not expected to hear it mado again. What influence the speech of the Senator from Rutherford might have to in duce Senators to change their minds, he could nnt c,iw lmt it. spfmoil in him. with all due de- ! ference to the Senator, that there was not so I much weight in tho objections stated by him, (aud in relation to which he had no doubt the Senator was sincere,) as to be sufficient to in duce the Senate to change its action in reference to this question of the establishment of a branch of the Farmer's bank at Greensboro'. In re ference to the objection of the Senator that there would be a difficulty experienced by the holders of notes in obtaining the redemption of such notes, by reason of being made payable at a dif ferent place from that-at which issued, ho ap- j fid that it was not tho practice of a bank ; to issue more notes payable at a certain place j than the bank had tho means at tnat place to redeem. The gentleman had said he waS wil lin" to have two banks, one at each of the places named. What difference could it possibly make whether there were two banks, or two branches of the same bank ? If the notes of a bank were i expected to circulate only in a particular locali-1 tv. there might be some force in this, but it was ! very well known that such was not the case. But independently of all this, the experience which they had had of the operation of banks, having branches, showed that they had invari ably been properly managed, and had operated well. The Senator from Rutherford had indul ged his fancy somewhat in raising objections, and wnicn Mr. kj. tnougnt, on reuection, no would become satisfied were without any good foundation. He hoped the motion of the Sena tor would not prevail. Mr. Bvnum. I think, Sir. with all due de ference to the Senator from Guilford, that there is a good deal of fancy in tho remarks which he has made, lie has laid down one proposition, which is certainly the most extraordinary one that I have ever heard. He lays down this pro position: Ihat no bank issues notes payable at If I had had an opportunity to do so, I could have referred to the experience of other fetates in regard to the practical operation ot the sys tem of having banks established w;ith branches. i!;. ; thnt. iii Georgia, where the aTIV JCU11CVWVU w, - , I .,r Kna Ki.n in nneration. every one ot -tne ... . i i it i. - . irst-kTT chnrr, small banks which naa urancneo m - v.j ; time failed, and was obliged to suspend bu si-i And I think 6uch would be the result ot this institution, should it go into operation I a .mi,Tt;n furnish, ! the ; Library of Congross with certain volumes of the Acts ox General Assembly of this State ; , A bill to increase the Revenue of the State, iii the sale of its Bonds ; , 'i , A bill to incorporate Cumberland Academy, in the county of Cumberland ; A bill to incorporate the Pedee Plank Road Company; , i.' j tt A bill to incorporate the Raleigh, and Ilay- bopc my motion will prorail. because I want to-j woou r an i.oaa uompauj JZ ftrythfl bill when that objectionable feature j A-bil .to amend rtW P f is stricken out. SENATE. Friday, Nov. 2G, 1852. Mr. Boyd introduced a petition from sun dry citizens of Rockingham county and others praying for the establishment of a bank at Law renceville in said county. Mr. Clark from the committee on corpora session of 1850-51, entitled an act to regulate the pay of Jurors and witnesses In the edunty of Craven ; A bill to amend an act passed at the session of 1850-51, to incorporate the Anson Plank Road Company ; j ' . A bill to piwde for payingl Tales Jurors in tho countief of Northampton and Wake ; refer red i A hill t.i inlarsre the powers of the commis- 4The bill having been "read, Mr. Steele said he regarded tho proposition embraced in this bill, as an important one ; the mpst important per haps that bad been before the Legislature of the State' since the establishment of the amended constitution of 1835. He hoped therefore this would not be made one of the readings of the bill according to constitutional requirement, but. that it would be considered as having been now read merely for information, and that it would receive its first reading on a future "day. The Speaker. Does the Senator wish to make it the order for any particular day ? Mr. Steele. About that, Sir, I care but little; there are so many special orders that I cannot keep the reckoning of them all. Mr. Caldwell. Has the bill passed its first reading? The Sneaker. It has not ; for tho constitu- L . .... .i -i ..i... I, ! 1 that hi is ol tins cnaraci.tr buui I tion requires 1 be passed at each reading by a two thirds vote, i Mr. Caldwell. I would ask the Senator irom hasubeen sent upj "he which Tknow bis" been prepared in'gooitbt ftnd sets forth facts j as they exist, I think as wen a8 ft Senator whom I heard speak f this matter last night, .will be entirely satisfieifthat the people there eqaire another bank. i ja tru0 they have a tank and. branches of. fiier banks now, and there are no banks anjf that have been conducted more to the sa factjoa0f the peopla at large. They are careiy managed. But I repeat it, if my friend will examine the memo rial of the people of Fayetiu,,! apprehend that he will be convinced a -riCC that they are in need of additional bankii capital. Some forty years ago, when the puliation was not one quarter so much as it is n. to benefit not onlv th the United States, but the interest .f? generally; and whereas we consider X;1 as strictly within the limits of the o therefore. m lie it liesolvcd, turns, reported back the bill to incorporate tne ; i ,IimH uni Gold Min- ! nihmond whether the bill is intended to apply T . T a branch, or at the mother bank, without hav- i agriculture : .1, r - .1, , . . r i : ; c Lumberton and Cape Fear Plank Road Compa- ' -i I.aI-1Mj..: ny, with sundry amendments, iviso ine inn io incorporate the" Chapel Hill and Durbamsville plank road company, with sundry amendments. Mr. Washington from the committee on edu cation reported back the bill to provide fr the appointment of a supcrintendaDt of Common Schools, and for other purposes ; and recom mended its passage. On motion of Cunning ham, the bill was mado the special order for 12 o'clock on Monday. On motion of Mr. Joyner, it was resolved that a committee to consist of nine members be ap pointed by the chair, to be taken from the mem bers representing counties interested in the subject, to enquire what can rightfully be done to promote the great fishing interests of Albe marle and Pamlico Sound, aud render uniform the various acts concerning fishing in said sounds, and their tributary streams. The following gentlemen were appointed said eommittee, viz : Messrs. Joyner, Shaw, McCIeese, Willey, Murray, Ward, Person, T. F. Jones and Cow per. Mr. Kerr introduced a bill accompanied by a memorial, to emancipate James Hostler read and referred to the committee on Propositions. Mr. Woodfin introduced a bill to encourage agriculture, manufactures and the mechanic arts read and referred to the committee on Tiated bjjir increased facilities for travel, the . facilities forgetting to or from the point at which the notes are redeemable. So that if the bank officers choose to resort to the course indicated by the Senator from Rutherford, they would derive no advantage from it. But, I can assure the Senator there is no such purpose entertained by those who propose to make Greensboro' the placo where the branch of this bank shall be es tablished. The banking capital of this institu tion will be too large for the wants of one neigh borhood, or one County, but it will barely suffice for two , therefore, it is proposed that two shall be accommodated by it; and, we are assured thkt Greensboro' is a place where a bank is needed. The Senator makes an objection on the ground that the branch at Greensboro' will be under the control of the directory at Elizabeth City, a di rectory having no interest in common with the peopla bf Greensboro'. I suppose. Sir, there will be a special directory at Greensboro as wll as a general directory at Elizabeth City, or ' at 8ompoint that may be mdro convenient for both. The branch at Greensboro' will be under the immediate control of its off -erg and its di Mctors, and the other branch will be under the j ontrol of its officers and its directors,' and both . wnder the general control of the general direc- lnsr means tuere iur tne purpose ot redeeming all those notes. Now, Sir, I apprehend that if that were to be nia''e an established rule, we 1 should have very few banks iu the United States. It is one of the privileges that you give to banks when you incorporate them, to issue three times the amount of their paid up capital ; and there nevef' has been a bank in the United States that had the means of meeting all its issues. And yet the Senator from Guilford lays it down as a substantivo proposition that banks are in all cases prepared to redeem all of their issues, al though it is well known that there never did, and never will exist a bank in the United States which is or can be prepared at all times to re deem all their notes in specie. The Senator asks if it is expected that all notes issued at Greensboro' will circulate only in Greensboro' or its neighborhood. I appre- j bend not. 1. But I am quite sure very few put in circulation at Greensboro' will ever find their way to Elizabeth City in the regular course of trade. B.mk notes will be most in circulation about the place where they are issued ; 2. And those sections of country trading to the place where the Bank is located, the circulation al ways follows the course of trade. What is the ease in the section in which the Senator from Perquimans resides ? 3: The trade in that por tion of the Stato is principally with Virginia, and in consequence a large amount of notes of the Banks of Virginia are there in circulation. What is the case in the part of the country where I reside ? There we have a large amount of the notes of South Carolina Banks, because our trade is with that State. The Senator from Perquimans says that, al though there is nothing in common as regards trade between Elizabeth City and Greensboro', yet in a short time they will have easy access with each other, and that those persons who hav$ a large amount of money in the notes of the bank can readily procure their redemption in specie, or claim the twelve per cent, upon non payment when presented. Now, so far as that is concerned, I admit that those who have large amounts of money will not sustain so much inconvenience, but that is not the class of peo ple which I desire to see taken care of. It is those who have small sums which they wish to convert into specie that I want to provide for, and these constitute the great mass of the com munity. ' Now. suppose you go to a branch of the Cape Fear Bank or the State Bank with the notes of that Bank to the amount of twenty-five or fifty dollars for which you desire to obtain specie ; if the notes are not payable at that branch, will they redeem them ? And if you have notes payable there, in nine cases out of ten, if you nsk for gold they will give you silver, and if you ask for silver, for which you may have occasion in small sums, they will give vou gold. That is the way in which thev manage where a branch is established, but if you estab-1 lish an independent local bank, you will find a ! different course of conduct pursued. You can ! go with any kind of money and obtain specie. There is, sir, another feature in this bill that i I do not like. I do not like log-rolling. Why do you not put each of these "Banks upon its ! own footing ? If a bank is required at Greens- i ooro , let one be established there, and let one be established at Elizabeth City. Let each stand upon its own merits. The'Senator from Guilford says that they who represent the in terests of his district have humbly consented to accept a branch ; but I should like to have an other question answered, and it is this: If they do not desire at Greensboro' a separate and in- ! dependent hank, why not have a branch of some other bank that is situated in a part of the coun try that is more immediately connected with Guilford ? "Why do they not propose to have a branch of the bank of Charlotte ? There is di rect communication between the two places. And there is another to be established at Yan ceyville, in an adjoining county ; why not have a branch of that bank? The objection to it would not be so great as it is to the connection proposed here between communities so remote and dissimilar. But tho Senator from Perquimans says that the branch at Greensborough will be managed by a local directory. I stated that so in the re marks i made at "first, but who appoints that local directory? Who controls its movements? The General directory. The local directory cannot do anything contrary to the order of the General directory ; or if they do, they will be turned out and others put in who will carry out the views of the General directory, so that the branch will not be under the eontrol of the Stockholders at Greensborough, but under the control of persons in a different community who know nothing about the wants or the in terests of the people for whose benefit the branch is to be esrsblishcd. Another objection, and an important one to the establishment of a branch in connection with this bank, is this. Suppose that upon some contingency, some great pressure should be experienced at the place where the branch of this bank is established, on account of bad debts or otherwise, aud the notes made payable at this branch could not ba redeemed there; would tho mother bank redeem them? Might not the hold ers of these notes be subjected to very great in convenience, if not actual loss ? I conceive, sir, that under any view of the case, it is bat policy, nay, the very worst policy, to establish branches. Mr. Gilmer presented the petition of V ilham Quait of Guilford county, praying that a pen sion be allowed him for services rendered in 1312 referred to the committee on Proposi tions. ' On motion of Mr. Joyner, the bill to repeal an act to prevent the obstruction of tho passage of Fish at the Inlets on the Sea Coast of this State, was taken up and made the order of the day for 12 o'clock to-morrow. The bill to amend an act concerning the drain age of low lands, was read a third time and passed. A message was received from the House of Commons, stating that thpy had parsed, by the constitutional majority, a bill to amend tho Con stitution of North Carolina, in which they ask the concurrence of tho Senate. On motion of Mr. Steele, the said bill was made the order of the day for Tuesday next at 12 o'clock. On motion of Mr. Cunningham, a message was sent to the House of Commons, proposing to go into an election for Comptroller of the State to-morrow at 11 o'clock. Mr. Bynum introduced a bill to attach a pari of McDowell county, to the county Rutherford read and referred to the committee on Propo sitions. Mr. Bower presented the petition f sundry citizens of Watauga county, praying for the passage of an act establishing free-tr(vde in ar dent spirits. It was referred to the Committee on propositions. Mr. Steele moved that it bo resolved, that a message be sent to the House of Commons pro posing to go into an election for Attorney Gen eral of the State to-morrow at 12 o'clock. On motion of Mr. Hoke, the resolution was laid upon the table; yeas 24, nays 22. Tho resolution in favor of Charles Sully Wheeler was read a second time, and under a suspension ot the rules was read a third time and passed. The bill in relation to Executors of last wills and Testaments was read a second time, and on motion of Mr. Canady was laid upon the table. It was subsequently taken up aud debated by Messrs. Cannady and lloke in favor, and Messrs. Kelly, Woodfin and Bvnum, in opposition to the bill, amended on motion of Messrs. Hoke and- Bower, and passed its second reading as a-' mended, and on motion of Mr. Bynum, was re- j ferrcd to the committee on tho judiciary. I The bill to amend the Charter of Davidson College was read a second time and passed. The bill to abolish trial by jury in the coun ty Courts, and for the more speedy and certain administration of justice, was read a second time, and m motion of Bynum, was made the special order for Wednesday at 12 o'clock, tc i gether with the resolution concerning the Su 1 preme and Superior Courts. ; The bill to incorporate the Trustees of the i Wesleyan Female College at Murfreesboro,' in the county of Hertford, was read a second time : and under a suspension of the rule was read a third time and passed. I A message was received from the House of Commons proposing to go forthwith ino an e lection for U.-S. Senator. The proposition was concurrod in, and Messrs Washington and Can ada' appointed to superintend said election. The vote of the Senate was then taken with a result similar to the last. Mr. AVashington from the above committee reported the voteof the t wo Houses tobe as follows ; for Mr. Dobbin 75, Mr. Saunders 35. Mr. Shep pard '10. and 19 scattering. No election. Mr. Lillington introduced a bill to amend an act to make real estate assets read ar.d refer red to the committee on the judiciary. The bill to incorporate the Kingsbury and Comnanr: A bill to amend an act passed in 1850-51, to incorporate lewis Gold Mining Company; and A bill authorizing Justices of the Peace to re- , sign to the County Courts, and for other pur poses. Introduction or bills, &c, By Mr. Puryear: A resolution directing the Treasurer of the State tosubscribe for 750 shares in the capital titock of the Yadkin Navigation Company. Subscription to be made when in dividuals hava subscribed for 500 shares of tho stock in said Company.) By Mr. Stubbs : i bill to incorporate the AVashington and Taiborough Plank Road Com pany. Referred to the committee on Corpora tions. By Mr. Cherry : bill to provide for the edu cation -of TeachersgeTerred to the c&nmittee on Education. ProvlOe for paying the tuition, at Davidson, Normal ai AVake Forest Colleges, of young men 27 at ach who will agree to teach a School in the ! tate for twelve months after leaving College. By Mr. Dortch : AJill to amend the 39th chapter of the RevisedfStatutes, concerning Di vorce and Alimony. lUfftt-red to the committea on the Judiciary. Males a separation by cith er party and an absence from the State for sev en years, prima facie 4tidence of adultery, in any suit for divorce.) j? By Mr. AVebb: 4'dll to incorporate the Spartausburg am 1 Rutherford Plank Road Com pouy. Referred to thec$ianiittee on Corpora tions. By Mr. McNeill A bill to amead an act en titled an act to incorporate the town of Lumber ton passed at the session of 1850-51. Referred to the committee on Corporations. By Mr. D. R;id : A bill to provide for clean ing out Cypress Creak in the County of Duplin. Referred to the committee on Private Bills. By Mr. S. P. Hill A bill to incorporate the Caswell Mutual Firotusurance Company in the town of Milton, llefewed to the Committee on Corporations, ttjt - -- - - A message wa3rceiyI from the Senate, pro posing to go into the ection of a Comptroller at 12 o'clock to-morrow ' Mr. Smith said be thought it would be well to wait until the Committee of'Finance had re ported upon the accounts of that officer ; after much banking capital as they hve at'nresent That county is increasing rapidly.n population ! and wealth, and they have now s )nie tour or five roads which are in process of being con structed, the stock in which has been taken by the people residing there, without asking from tho State. I trust this bill will pass: to this LCnslature 7 . xur. lunngion. one woru oy wajroi reply Mr. Steele. I suppose the Scnntov desires an j to tho remarks ot the Senator lrom Moore, honest reply, and as I am always in the habit of There is no one who is more disposed to give expressing my opinions somewhat frankly, I j the people of Fayette ville credit for enterprize will say, it is not intended to apply to any mem- . and public spirit than I am ; but, sir, when the her of the uresent General Assembly during the i bank of Fayctteville was chartered in the sos- present session. AVhether or not the Din nas ; SI, That our Son,,,. , sentatives, if in their opinion snni ' ,KeP appear practicable, are hereby instruct ply for an appropriation of so much Uc money as mav be necessary to ,r let at or near NaVs Head in tl.i8 s ' ? Sai,li policy ot granting the Public I,? to settlers, and of making lar-e ar- V the same to works of" Intertvi ' i, . m i 'JU'-t, eiv!'.-aviu- l'reihi 'loin, , ... - ' "-'-illllMl. make application for an ft.r. .-..;.,.' . they had as j within particular States, as t, unpohtic ; and our Reprcs are hereby instructed to said policy ; but if said p contrary to our wiis ami tl and in tnat ca?c thev aye fur to nu enuitnii o uorti. m i l... . . f North Carolina, which. wLon shall be applied as the IiC Mi Tirpspnt r . . i .i. r.c been suggested by any circumstance or bwk y. things, &c, it does not become me to say ; I will remark however that I have no sort of offensive purpose in view ; none in the world ; but I think that such a provision as that embraced in the bill ought to be a part of the organic law of the State. It forms a part of the constitution of some of the States, aud is in that of Tennessee, word for word, as in this bill. The Speaker. The bill will be laid on the tabhu sutj-to loa,oUle,d up nt tiie pleasure of the Senate, upon motion made for Tnat "pofrjOBG.- Mr. AVashington introduced a bill to emanci pate Lewis AVilliams ; read a first time, and re ferred to the committee on propositions. Mr. Woodfin introduced a bill to alter the line of the county of Madison, and to establish tho county of AVarren Springs; read a first time. Mr. AAroodfiu also presented sundry memori als on the subject, and said bill with the memo rials was referred to the committee on proposi tions. Mr. Thompson from the committee on Con gressional districts, asked leave leave to make a verbal report. The Speaker. The rule requires that the re port bo in writing. Mr. Thompson. I move -for leave to make a report verbally. The question being put the rule was suspen ded ; and the leave asked for was granted. Mr. Thompson. As Chairman of the Com mittee on Congressional Districts, I am happy to have it in my power to say that the Commit tee have labored with a groat deal of diligenco and industry for a month or mora for the pur pose of effecting the object confided to them, and not only have they labored with industry and seal, but also in a spirit of harmony as far as it was possible. The Committee was instructed to lay off and divide the State into Congression al districts, and I believe I may say that all the members the Committee were animated by a desire to perform that duty in such a way as to give to the two political parties as nearly equal sion of 1848, they were commencing their plank roads, an increase in their resources was antic ipated, and that was one reason thatrnducedmy self and other Senators to vote for the establish- :i i r. v, i- Bynum said it was no!- ,;," ; 2 occupy much of the time of the ii'V not think this question so iuinortam' as gentlemen seemed to consider 'it : an 1 the "? did not ester-m it a nr.uio.- .ni.;. r. harangue. Mr. B. stated his position toll 5 firsts lie wns onn.niml . ment of that bank, giving to it a capital stock of I bc held as a "Jrce of R-venue, tu 8350,000. In regard to this memorial, we all j expenses of the Government, that tl that there would be no objection tu going into j power as possible. They have been so unfor the election. Lpon his motiOD, tho message was laid upon the table. On motion of MrS. A. AVilliams, a message was sent to the Senate, proposing to go forth with into the election of U. o. Senator. The Senate having concurred in the proposi tion, the two Houses proceeded to vote Messrs. Albertson and Bryant Tvere appointed to super intend the election., - " First Vote. Mr. Albertson submitted, a report as follows : A'otes cast lt"4 necessary to a choice 83. Mr. Dobbin received 73 f Mr. -Saunders 35; Mr. Shepard 20 ; Mr. Rayner 13 ; Mr. Clingman 3 ; others 20. No election. Mr. J. A. Caldwell moved that a message be sent to Senate proposing to go forthwith into an election for Attorney ; which motion Mr. AVil liams of Warren moved to lay upoa the tabic. But before putting the tfuestionj The Speaker announced that the hour had ar rived for taking up the special order, viz: the Resolutions in relation to the Public Lands. On motion, the special order was postponed to one o'clock to-day. The motion of Mr. J. A. Caldwell, to send a message to the Senate proposing to go forth with into the election of an Attorney General, was carried; but the Senate laid the proposi tion on the table. i A message was received from the Senate pro- i posing to vote again forthwith for Senator of the L'. S. which was concurred in. I Messrs. Krwiu and Rives were appointed to ) superintend the election, and the two Houses ! proceeded to vote. j Second A'otk. j Mr. Erwin from the committee submitted the ! following report : i A'otes cast 1)5 ; S3 necessary to a choice. Mr. 1 Dobbin received 75 ; Mr. Saunders 35 ; Mr. ' Shepard 15 ; Mr. Rayner i) ; Mr. Clingman 4 ; j others 27. No election. I One o'clock having arrived, the speaker an- j nounced the I Special Order. i The resolutions offered by Mr. Leach, in rela tion to the Public Lands, were read. Mr. Leach, though he complained of being un well, addressed the House at some length in support of tho Resolutions, lie first examined the history of the Public Lands, and from tho deed of cession given by N. Carolina, argued our right to claim an equitable portion. lie next showed the importance of this claim, and the need which the State has for the fund it j would give. Mr. L, congratulated the Houso 1 and tho country, upon the position taken bv the distinguished gentleman from AVake, (Mr. though he did not know how easy it is to gret them up. AVe heard an anecdote from the Senator from Iredell the other day, in reference to that subject. Al though this memorial may stand on a different footing from othor naomoriJ f a similar kind, for I know nothing about it personally, yet I am informed from a reliable source, that there is a very significant omission in this memorial; that a number of the old firms in the town of Fayetteville do not appear in he memorial. I do not desire to throw any discredit upon the memorial, but another fact has been brought to my notice, in which I place no confidence, which is, that a number of names are attached to this memorial of those who were defeated candidates for office in the Fayetteville bank. It is said they now wish a bank of their own where their influence may be felt, and whore they may bo-enabled to extend favors to their friends. Now. as regards tho peculiar claims of Fayetteville to a buuk, what prevents me from bringing here and pressing the claims of the town where I reside ? Mr. L. hero enumerated its advantages and prospects. Sir, he continued, the same reasons which are pressed in behalf of Fayetteville, have been pres sed, and will be pressed, in behalf of the fifteen or twenty other points at which it is proposed to locate a now batik. I am much more disposed to favor the people living in remote places where no bank facilities already exist. I should look with much more favor upon tho elaims of a people who have uo bank, than upon the claims of those who hav, already, three. But I ask gentlemen to reflect, where is this thing to stop ? Are you not com mencing a career of extravagance in this mat ter which will, at no distant day, lead to the most disastrous results ? Keep your banking institutions sound, and do not furnish an op portunity to men of wild and speculative no tions to involve themselves too readily in debt. (d, ... - "'- uir mm.. ;i rate as possible. 2milT tf cueved mat tne openmi: ol tho lnU-t .k- . TTr-vl wiis ii. vi-iirl- Mi 'rlv .1. ' and he was be kept at -as believed that th'j tion, and he was ir askinz of the lionr.i e f-ernment an apuronnation of m,,s,i .l . pose. And 3dfy. lie did not believe a distnk uuu oi ii. e uuuo ju.-ikis would 1)6 Uncoattiti. living., i. M..J i motiVJll VI C VJeulCLPT 4 a :e i ....i. i i - , v 1 .i.iiu.: ii meji tuuiu jjui buccec-u m havin? lands kept for general purposes, then'ht for accepting a part in a distribution Mr. Caldwell, of Guilford, replied toMtfc, num. He regarded this question as on j great importance ; more so than any other tk was likely to come before the h i .Mature C. then traced out the history as having been recommended le supported by tne itepul ii ST'Oti i tunato, however, as not to be able to agree with unanimity upon a report. Believing, however, that it is due to the Senate and the Country that ) jCt U3 pretjt i,y the experience of the past, and some action snouid ue naa witn as little ueiay as possible, tuc Committee at its last meeting agreed that two bills should bo introduced, so that the Senate might have a foundation for its action in relation to the subject. It is under these instructions aud with this view, that I now ask leave to report a bill. The bill having been read, Mr. Thompson moved that it be laid upon the table, and together with the project accompa nying tho same be printed. The motion was agreed to. Mr. Berry, from the same Committee, sub mitted a minority report, in writing, accompa nied by a bill for a like purpose as the one re ported from the majority of the Committer. The bill was read and: ordered to be printed. A message was received from the House of Commons transmitting sundry engrossed bills. , Mr. Kelly moved to reconside the vote by vihieh the bill to divide the County of Iredell ha,d been rejected two days ago, in order that the bill might be laid upon the table to be taken up at a future day. The Speaker. It is too late to make that mo tion. A motion to reconsider can only be made ou Hjic following day. Mr. Kelly. I intimated my intention, Sir, and was only prevented from making the mo tion on yesterday, by tho adjournment of the Senate." I now ask as a mau.-r of soee:al favor to myself, that, by uiianiii:."- . usent, I may be permitted to .make the motion. Messrs. Washington and Caldwell expressed their willingness to oblige the Senator. Mr. Steele said he should not object to tne motion being made, but he should bo compelled to vote against the reconsideration. Unanimous consent was jtivon that the motion should b permitted to lie made, and The question being put upon the motion to reconsider, it was decided in the affirmative, aves 2S, noes 20. i .1 t 1 r- t Keep upon trie oia ana sate tract, l am not ashamed to confess I am somewhat of an old fogy, not only in this matter, but in others. I wish not to innovate to'o much upon the: rules and practices of those who have gone before us, but to adhere to them in all cases where they have proved to be valuable. Mr. Gilmer said he thought the peoplo were best able to determine for themselves what was for their interest ; and where united application was made, as in this case, he was for acceding to it. And, if the names of any of the promi nent business men of Fayetteville were omitted from the petition, it was, perhaps, because they were interested in some other banking institu tion in that town. EefSreneeTTiad be em . launders.) on this question approve ot ins resolutions. He was tor asiiiu Locksville Plank Road Company was read a 0I an appropriation ox money not second time and amended, and on motion of Mr. i l.anf' arsr,,,t was confessedly a constitutional ob- Murchison the rule was suspended, and the said i J1- .u ftuco"u resolution ne oojecica to ne The question then being, shall the bill pass, Mr. Parks moved that it bo laid upon the tabic. The motion was not agreed to: j vir. person men movcu mat tne uui be in- definitely postponed ; which motion prevailed; i j yeas noes 12. j i The bill to incorporate the bank of Cumber- land was read a second time. The question j being on the passage" thereof to a third reading, ; i Mr. Lillington said ho disliked very much to ; , be compelled to oppose a bill of this character, ! ! or any biil of a local nature. And, he continu- j 1 ed, I regret that my friend, I am sure he will j i allow me to call him such from Cumberland has introduced it here. There are a great many to the increase of. the enterprize, industry and wealth of the county of Cumberland ; the in crease in the number of her Mills, Manufacto ries, Ac., and it was represented that if her banking facilities were increased, she would be still further advanced in prosperity. The enter prize and industry of a people, at all times en titled them to respect ; and he for one was for helping those who help themselves. The in crease of the wealth aud population of a county must necessarily augment the amount of taxes to be received iuto the State Treasury from that I county, and in many respects tho State was benefitted by such increase. She ought, not, j therefore, by any act of hers, to withhold what : would contribute to the benefit and advance I men; if a cuunty. lie was for giving to the i people- of FayetteviMe in this case what they hud j asked for and what he conceived they deserved. Mr. Caldwell. A single remark." I should like to know, Sir, if Fayetttcville has as much banking capital now as she had twelve years a go. I do not think she has more, because she had then a branch of the U. S. Bank. She has now a branch of the bank at Raleigh and a branch of the Cape Fear Bank. Now, I believe, Sir, the trade of Fayetteville has increasrd to double what it was twelve years ago, and she then had as much banking capital as she has now. - It appears to me that if a bank is requir ed at any point in the State, it is at Faycttte-ville. essrs, F. The debate was further continued by Mes Kelly, Lillington, Thomas, Caldwell. and-T Jones. The report is necessarily deferred un til our next. The yeas and nays were taken and resulted thus, yeas 23, nays 2L So the bill was rejected. The Senate proceeded to the consideration of the special order, being the bill to repeal the act to prevent me obstruction ot the passage ot fish Aoe. The morning after these remarks were made, two members of the Legislature present ed checks to the amount of $250, drawn by the Public Treasurer, on one of the Banks in this City. The Bank promptly cashed them. , Af. tor recovering the money, it occurred to them to examine it and it was found that every bill was payable at a branch not a dollar waa payable at the Bank in Raleigh. Had private individ uals done such an act, some squeamish individ uals might have applied a harsh term to it. With Banks it is termed Financiering. bill was read a third time and passed. On motion of Mr. Steele, a message was sent to the House of Commons, proposing to voto again forthwith for Senator of the U. S. A message was received from the House pro posing to go into eleetion for Attorney Gene ral. On motion of Mr. Caldwell said message was laid on the table; yeas 27, noes 22. The bill to incorporate tho Bladen Steam Boat Company and Xhe bill to ascertain the whole amounfof' taxes paid by the people of North Carolina, were read a second time and passed. Tho resolution requesting our Senators and Representatives in Congress to use their influ ence to abolish the duty on Rail Road Iron, was read a second time and passed. And The resolution requesting our Semtors and Representatives to use their ipfiuence to have a Naval Depot established at Beaufort Harbor in this State, was, on motion of Mr. Thomas, laid on the table. - The Senate was notified that the House had concurred in the proposition to proceed to vote for U. S. Senator, and thereupon the vote was taken, and the superintending committee re ported a result similar to tho last. No election. The bill to incorporate the Trustees of Hills boro' Academy was read a second time and on motion of Mr. Berry the rules were suspended and the bill wss read a third time and passed. The engrossed bill to amend an act for com pensating Jurors of the Original panel in the county of Beaufort, was read a second time, and on motien of Mr. Bower, the rule was suspend ed, and said bill was read a third time and pas sed. The bill to amend an act to incorporate the Charlotte, North Carolina and Cheraw, South Carolina, Plank Road Company was read a sec ond time, amended and passed. cause it seemed to bo prospective only in its de mands. Mr. L. concluded by appealing to AVhigs and Democrats to unite in supporting the resolutions. j Arhen Mr,. Leach had concluded, Mr. R. M. jSaunders moved to amend the resolutions by striking out all after tho word wfeereas, and in serting the series presented by him. ,Air. S. said it was not his iuleation to say any; thing then, but he would claim tho privilege of ad dressing tho House after other gentlemen had expressed their views." Mr. Spruill said that he was unwilling to voto for the amendment, uuless the gentleman could give satisfactory reasons to induce him to do so. Ho supposed also that other gentlemen do sired to address the House ; and he would there fore move an adjournment. Tho House then adjourned. bills, I believe some 1 or -0, already upon our at the InIets on thc gca coast of this rtlvlrt TM.rtnomn' tlvrt Oct1?" IwlSCillYlOnt'. HT Ivmlffl . . i t 7 this must stop somewhere, otherwise the wholo its third reading. JYlr. . i. Jones moved that it bo referred to State will soon be dotted over, literally studded tho sc'lec't committee on that subject. The mo HOUSE OF COMMONS. Fridav-, Nov. 26, 1852. A message was received from the Senate transmitting the following engrossed resolution and bills which passed their firBt reading, viz- SENATE. Saturday, Not. 27, 1852. The Speaker laid before the Senate the resig nation of C. McMillan, a justice of the peace of Duplin county, which was read and accepted, and ordered to be sent to the House of Com mons. Mr. Gilmer from the committee on tho judi ciary reported back the bill to pay tales jurors, with an amendment. ' Mr. AVoodfin from the Bame committee re ported back tho bill to declare what persons may intermarry, with a recommendation that it do pass. Also, the bill to extend the right of appeal prevent unnecessary accumulation of costs, ex pedite justice, and for other purposes, and rec ommended its passage. Mr. Lillington from the same committee re ported a bill for better compensating constables and recommended its passage. s ' Mr. Steele introduce a bill to amend the constitution of the State. The bill provides tbatio member of the Gen eral Assembly shall bo eligible to any office du- riug me umc ior wnicn he shaJl hare been elec leu.j with these little local banks, and that which has under like circumstances happened before, will bo very likely to happen again thc bubbles will burst, aud such disasters aS once to experience ought to suffice for a life time, will again occur. I voted, Sir, four years ago, for the establish ment of a bank at Fayetteville, because it was represented that they needed anaddi'ional bank, although I believe they had branches of two other banks at the time, so that they now have three banks. The trade of the placo is no doubt increasing, but I have heard of no such great in crease in her property and resources as to re quire a further increase of her banking capital to the extent of $300,000. I am compelled bv a sense of duty, not only to my owb individual constituents, but to tho people of the State at large, to vote against the establishment of all banks in future, unless a more urgent case is presented, unless a greater necessity is shown, than exists in this case. I do not mean to in sinuate that my friend who has introduced this bill would be guilty of any thing like log-roll tion was rejected ; ayes 18, noes 20 Tho question recurred on the passage of the bill, and was decided in the affirmative, yeas 30, nays 12. Mr. Albritton introduced the following : liesolced, That a message be sent to the House of Commons proposing to go into an election to day at one o'clock for Attorney General. On, motion of Mr. Thomas said resolution was laid upon the table ; yeas 25, nays 20. The bill to amend the charter of Davidson College was read a third time, and passed. Mr. AVoodfin introduced a bill to transfer a part of tho stock of the Fayetteville and; AVest ern plank road company to the Ash ville and Greenville company. It was read a first time, and referred to the committee on Internal Im provements. Mr. Kerr introduced a bill to innro.iu th capital stock of tho Commercial Bank of AA'il I mington, which was read and referred to the i committee on corporations. j itiobiuto ascertain the whole amount nf! tins rnoaso Jefferson, ui U I..UlY low "jr.i nt t ha finr.i.citidn 1 1 , . the Democratic party auer the t:o L,f Jackson. He expressed his great satisfae at seeing mai ins iemocratic iri.-r.Js i'MA ..i.i . . i : . it i eu ineir views un in is as wcuasnU!er quettioM, ruonc opinion i:au orougut tneiuito oo-upj cwiieui lusiiioii , nii'i ii nas 'it"B;lat DOW tl hear thc voice of tho gentleman from Bcrh. (.ur. i.nry,j aim ouier eloquent gentletou ging forward works or improvement. fj might he vote for Democrats fur the Senate vh he found them taking those positions: and b only regretted that he could not vote for tioi them, lie was willing that they should bit the offices. A remarkable change, said he, fcg of late come over the dreams of the IieuiucnSi party. There was a time, not long finc vh the Democracy of this broad land wontfortl every direction, like Saul of Tarsus, against christians, breathing out threatoiaiigs slaughter against all Banks, bank notes, corporations ol an Kinds, anu esiieeiaiivnaai all works of Internal Improvements by tbeGo' eral Government, as unconstitutional. sir, said he, even so late as the session of boMl he heard this objection urged against the opa ing ot iSag s Head, and the Democratic en mase then voted in that House againstn! lutious instructing our Senators and hVpre tatives to ask for an appropriation for this pw- pose. But suddenly a great liht, aborets brightness of the sun, had broken in upoa tb minds of the untcrriiied, and the scales hadfaS en from their eyes ; so that, like Saul, tktj have become converted, and have renouncti their faith. Instead of continuing to jersecrt the A hiss for their opinions now, as torment, thev have become the most zealous of all tit Apostles in thc advocacy of the pure RepubH- can AVhifrqaith. What, he atkeu, lias caiiKC lliil it - ' ii' i 1 Ii ," ' 1 i r- trStiar tributed more to brine it about than the lle en announced truth : "It is hard for thee kick ajrninst the pricks." The question was then taken on the anient ment offered by Mr. Bynum, and it was rcjecat veas oS, nays ttS. The question recurring on the amendment fered by Mr. Saunders, of Wake, lie proceed to address the House in surmort of his retiH tions. -He commenced by congratulating friends of .a s Head unou the lavoranie aq ions expressed in the House and elsewhere that work. He was clad that his resektia had hroucht from tho editor of the Standard esv.ression ot'an oninion favorable to it. It the editor of tho Standarl preferred to see armrotiriation of S.OO i!0u lor this purpose. so the jreutleman from Northampton had pressed' it in his resolution, lie (Mr. S.; wwij also for the mor.ev it we could net it: but E ------ - j . r r we could not iret that, he was lor taking land. To meet thc views of his friends, liethefl fore proposed to modify his first resuluM bv insprriiif after the word ''annronriution,' m words "of such sums of money as mev be nccel sarv." Iu reference to what the SbciiUrd said in reirard to sauanderiusr the oublie an iirtii'.!i lar Stntos. Mr. S. remark jd that bf would take the Standard's denunciation witbofil the anoloirY. The tlecakvjuc sas "Thou si not steal :" and no apology should be nu it. Mr. S. arcrued that if wo should tail to the money for Nile's Head, but shouM M land, it would not iiajct the cq of the public lauds afterward: now would only put us ou a footm.' with other States which have already roiHveJt!) moun. Unon the second resolution. Mr. tended that it would be constitutional totliffff ntfi the rmhlie Inmls. Tlip nraellCC which fiQ wull fbii Slondarfl ilniwomi'P.l. IkW i?fmtiniied fur mnrp than Ten vonrs. anil he lieved the time had coma for us to act. H, not believe. a3 intimated by the Standard, m General Pierce would veto a bill K'v'"? lands to the new States. He had seen an clo in tho New Hampshire Patriot, that W him to a very different conclusion. At ''er ltn tuia f.ir A.l to vt i , r fj.nv Pinrei! ill this Illit and was for taking care of ourselves. i'J the second resolution acceptable to his fneD he Would modify that also, bv striking oat i ru:V i ' ",1 ,.,L-,-. iiejncW vroivi, oi Liien pioecevw, mvi m.s - , as that offered by the gentleman from J ampton. Il6 should prefer that the lnr.uffi eonriiinA nor er the romrni tT I.:e olhi-'" i u..i i ,. rnu-ntnii1 ei uioeiu, uui uoi uo tl suui ui i v- --" tj, 1, n1.:,nf. trl rt 1,1a VIVO: .1 11 liir.C tllSt ht" UCUli UJlv3v..tv;Vl V.VJ UK1 t .1 4 .u. A IU vms in iio'u ustiu cue moiu ium,iuv;i. ' . -rL.. : i.,,i U maV M oi me uociniiu 01 nisnueiiou, uv . bused. It ousrht to be exercised only en questions, when they were prepared to issue with the Senator. An intimation wishes of the Legislature would b ior tne present oeuators.. y km i il ,iitrilil! IS .11' 1 . . .1. foi.tui.' with V: lit but there is danger of gentlemen being ! taxes paid by the peoplo of North Carolirra unconsciously biased when they are themselves interested in some proposition tor the establish ment of a bank, and be induced to go for all banks that may be proposed. I think it be hooves us to be cautious. It has been 'the set tled policy of North Carolina heretofore to keep these institutions in check, and not to extend to an unwarrantable extent the number of our banking institutions. The consequence has been, they have always been 4n a sound condi tion ; and although they have been once or twice compelled, on account of an outside pressure, to suspend specie payments, yet there never was distrust in regard to their soundness. AVe can only preserve this stato of things by keeping their number restricted. lhe bill to incorporate tho Bin,) Boat Company, and, The resolution requesting our Senators and Representatives in Congress to ifse their in fluence in favor of abolishing tho duties on Rail Road Iron, were severally read a third time and passed. On motion tho Senate adjourned. HOUSE OF COMMONS. Saturday, Nov. 27, 1852. The unfinished business of yesterday was re-! sumed, vhs : the consideration of the resolutions 1 offered by Mr. Leach in relation to the Public ' .Lianas, ine question nfindmi wnn nn i - - i e " Mr VlnVil.in arose not t,1 make a i . ,'..., v.:., ,.n tii-' sub?? MU1U1 V IO U C3J 1113 1V.? v. -il,- i i.A ; i l :...,.),. rvo, , vl. Jr. 1113 VOICS Ullirui IlOl OO llli::.i-.-- v ne wouiu not co into me mmijvh Sa! prorement in tho fctatc. lie '"'"'V , ,, j5ij: views he had heretofore en teri.i.n- -1 ject. He had no vision.: ry schemw -He could sympathise with thepoot-.n: t because ot their remoteness irom a- hoped to see the improvements l'a' j! ,;nal1 il they were reneitn. .1 ,.it1 He unconstitutional ibr Congress ead never: forward until 1 I - .... 1 .1 .-, -T I M (V- undergone no change on tnu f ;m House. He had n M -innwus to m nonewonesto'iitmHre. l ie n'. ol ,.,i,tff i ill t&i r :m 1. ; propnation tor Nag s ilea l -neti -I that while in Congress ho had voted H t billmking an appropriation it , which ho believed to be uncon?iH"" i inrl Mr -Kellv. Tt RC-p-mn to trio tKaf tltn Ci mnrinint nfforail l. i, .1 r n-r . - t uoumur ; -- -.v.v. Uj mceuuKUlUJl irom H ate 110111 iiuwaii lias ueeomc umrmeu very sudden ly. He has voted for the establishment of two banks at this session, and yet he objects to this although it is to be one of but small capital. There is certainly nothing alarming in it. If the Senator will examine thc memorial which Mr. Saunders Mr, Bynum, of Northampton, moved to amend ! the amendment by striking out all after the 1 word whereas anoV insert the following: i ie regara me opening of the inlet of Nag's Head as a National measure, and one calculated Id nn. vote fur a bill contaiuni which he thought conflicted with tn;. K tion. even if it contained an appl r ' Nag's Head, . , , (.. Mr, Cherry interrupted- man trom umoerianu - - , . ... , it ..i . i., i ir the wis for the Kiver anu iiai " if he had been in Congrcs? M- TW.hliin rcn led. 1 wouiu Mr'. Cherry. It had nn al,proiir:a!1-
The Weekly Raleigh Register (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 1, 1852, edition 1
2
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