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' f . 11 1 ' WILMINGTON, N. C. TUESDAY, FEBRUARYS, 1857. '1'. LORING, Editor and Proprietor. BENJAMIN tf. SANDERS, Associate Emtob ; A SETTLEMENT, j We require those indebted lo an to call and set tle, at nee. We think 'it time that accounts standing frooo one to ten years, shoo Id be balanced. We do not expect money from those who bare not got it, but it Is in th power of ; every one to settle and give bond. Tbe accounts of all who fail to comply with thin notice, b for the first of. March.wttl be placed is the bands of ao officer for celled ion. This notice fill apply to all, without distinction, or cxception.j EJECTION OF SPECIAL MAGISTRATE. Tbe election of Special Magistrate for the town of Wilmington took place yesterday with the fol- lowing revolt : I Yf. T. . Vann; 873 s John Cowan. 116 i Scattering, 1. ADVERSE LEGISLATION. Doe T the most important measures, a conoex-j ion irtth the Coal Fields, by Kail Road, through Fayetteville, sot only to this section, bat to the interests of the whole State, has become homeless we fearr-darins the present session. It is shame- ful that ancient prejudices, sectional animosities or the influence of private interests should be al lowed to mar plans of the wisest conception and! the farest prospect. J We by no means despair of the connexion al luded to sbore ; at some future period aid wil probably be afforded. j j But tho bill chartering the Road from Cheraw; S. C. to tbe Coalfields, may be considered deci dedly tucidal. We trust that fatal vote wi.l be reconsidered, i j J It should be done, without dispute. Tbe Legi slature bas refused to aid in conecting one of our own towns with the Coalfields, but at the same time affords a town in Soath Carolina, the power to snpplant both Wilmington and Fayette- Tille. ! CAPTIONS OF ACTS. We bare received a pretty long list of Cap) ions of Acts passed at the present session of the Leg islature. The Governor's Message, and other in teresting matter connected with Legislative Pro ceedings, compel us to postpone tbeir publication till Thursday. VALUABLE LANDS FO RESALE. j We invite attention to the advertisement of Mr. Jacksok, in another column, relative to the sale of, lands near Pittsboro'. We do not speak from our own knowledge, but we are reliably ia formed that this would be an eligible purchase not only on account of tbe value of the premises. but as offerisc a good chance for speculation AN ERROR OF THE Ttpe. Out Raleigh Correspondent corrects an error, which, as usual, we charge" to the Typo. lie rays: i "I notice in the proceedings that you almost invariably print the nsme Settle, IAUle. I think the distinction in the names is treat enough. ; I mention this because it happens that Little is a big gnow Nothing and Settle is little of that. And it is strange to find such sentiments ss are used by Mr. Settle coming from a ! K. N. GenT ally speaking, however, the reports are prctiy correct." ' ' ' 1 SUBSTANCE OF COMMITTEE'S REPORT. Tbe' Select Committee to whom was referred 'the foregoing Message, report that if the Legisla ture should adjourn withont some farther legis lation on the matterjNhey are of opinion that tlie public interest in this work must suffer serious if not fatal injury. ' ! j The State is now interested in said Company to the amount of $450,000, tho protection of which ought certainly to claim the care of tbe Legisla ture; and tbey'express the opinion that if no far-j ther appropriation ia made at the present sessioa, forlhe protection of what is already finished at id the completion of said work to tbe coalfields, the works of the Company must of necessity be sus pended, their agents, servants and contractors be removed, and tbe work left exposed, not only to injury by lapse of time and tbe action of floods, but to the depredations of those, who from inter ested motives or from mere wantonness, might be "disposed to inflict injury upon 5t. The committee then proceed o enlarge upon tbe great wealth of the ccalfiels, &c, and on it he necessity of developing these resources as spoedi ly as possible, and then continue: They are of opinion that an appropriation of ttvv.vuu, vf ilia BUViU iai(aui w oc v 1 1 o as . i, v. vlim- pany hare now on hsnd, will enable tliw woik to be extended to tho coal pits ; after which time, if tbe amount and value of the coal and iron should realize public expectation, the Legislature at a future session may take the great work in band, and complete it in a permanent and durable man- . 1 1 1 5 . 1 -T . ner me oniy way in men 11 can ue mauc ia an swer tbe great ends for which it was originally intended. "The committee "therefore recommend that an .additional appropriation of S300 000 be made for 44m purpose of paying off the debts of said Com pany,wand "for the further purpose of repairing and securing works already begun, and opening a communication between the coalfields and J the ocean." They further recommend, "that the management and control of the work be pud na dir the .superintendence of the Governor l and JJoard of Internal Improvements, with liberty to soil such portions of the asset fa of the Company as can be spared without injury, and as may be beneficially nsed in works of construction and im provement, f j -They are farther of opinion "that a work of this kind, in which tbe State owns so large a por tion of stock over and above the individual stock holders, and ia bound as surety for the Company to an amount of $300,000 more, ought to belong entirely to the State:; and they therefore recom mend that the Governor be authorized to ascer tain whether the slock of individuals, oni say portion thereof, cao bo purchased by the State, and upon wbat terms," and report to the next Legislature. j j! They report a bill! embracing the recommenda tions of the report.' j ? The report is signed Ralph Gorrcll, on behalf of committee. '. .'- 1 . IMPORTANT FROM MEXICO , Ktv Onu'is, Jan 20. Advices bav reach ed here from Tampico to tho JtbinstJ The news is highly important. " j f A battle was foaght ou tbe I9tb between tbe rerolntionists nnder Gen. Garcia and Ibe govern ment troops. Many; were killed on both sides, (hough tbe government forces claim tbe victory. .The battle occurred at the old town, irery heusr ia which had beep pillaged. : I At the latest advices, the revolutionists I were advancing npen Tampico, being then only four mUes distant. Tbe government troops were pre paring for the defense of be town. -! The. American consul at Tampico has sent to Kew. Of leans, requesting the collector to send a revenue c litter immediately to protect'A merit n residents apd their ptoperty. ss.the renolnjionists tit eaten to pillage He, town. j From Oar Raleigh. Cerrespoudeut. NORTH CAROLINA LEGISLATURE. - - . SENATE. . . Thbbsdat, Jan. 29. 1867. , APTBRKOOM SESSION. - . The bill to amend tbe Revised Code relative to collecting debts passed its second and third read ings. Tbe bill to incorporate tho tewa of Jackson, in Craven county, also passed its final readings. Also, oo motion of Mr. Holmes, the bill to amend the charter of the town, of Clinton. And, on motion of Mr. Cameron, the- bill to amend tbe charter of the towa of Hillsboro'. On motion of Mi. Gibson, the bill to prohibit the sale ot spirituous liquors 'within two miles of Western Carolina Male Academy passed its sec ond and third readings. Tbe bill to aid the Fayetteville and Coalfields Railroad company (Western Railroad company) was now taken up on its second reading. . ; Mr. Houston moved to amend by giviag the company power to extend- tbe road to Beaufoat harbor, the State being required to subscribe, and books to be opened for individual subscrip tions. : - ' ' , - - - - Mr. Cherry supported the amendment Adop ted.; : - , Subsequently, on motion of Mr. Myers, the Tote was reconsidered, and the amendment was lost. The bill to amend the charter of the French Broad Railroad company was read the secoud and third times and passed. Senate then took a reeess. EVENING SESSION. After the transaction of much unimportant bu siness, the bill to incorporate tbe Rockingham Coalfield Railroad company was read the second time. Mr. Boyd explained that the object of the bill was to vfTord facilities for getting the coal to mar ket Mr. Mills could sea no reason why the charter should not he granted. Mr. A. JJones considered the bill, in effect, the Danville connection. " T Mr. W. H. Thomas thought it but simple jus tice to the people of Rockingham that this char ter should be granted. Mr. Ramsay moved to strike out so much of the bill as prohibited the road from running with in five miles of the Virginia line and nineteen miles of Danville. He offered this amendment to test the question of this being the Danville connection. He desired the matter to be brought fafrly before the Senate. Mr. Boyd declared that the bill was introduced in good faith. He was still for the Danville con nection would still urge it upen his constituents but-be pledged his honor that this bill was not intended to effect it. Mr. Ramsay was satisfied, and withdrew his amendment. He was sorry it was not tbe Dan ville connection. Mr. Cherry had undergone a change of opinion since the defeat of the Danville bilk That con nection would be made, and he was prepared to vote for it. He would vote for the bill now be fore the Senate. Mr. Gorrell advocated the passage of the bill. Mr. Houston, as an eastern man, entered bis solemn protest against the bill. He did not charge that this was the Danville bill in dbguise ; but be looked to its effect upon the N. C. road, the Gas ton read and tbe Wilmington road. He did not believe either of these roads would ever pay an other dividend if this connection be made, Mr. White would support the bill, if there iraj coal in Rockingham. 1 Mr. Boyd replied that shafts had been sunk and coal brought from bis bed. Mr. Hill believed the connection with Danville must and wonld be made. He believed it ought to be made at Milton. His impression was that this, in fact, was the Danville connection. He was certain that no future Legislature would re fuse to fill up the remaining 19 miles, by grant ing a further charter. If this connection be made, he thought the interest of the State would receive a fatal stab. Mr, Hill argued the importance of the connection at Milton; and in the course of bis remarks referred to the defeat of the Western extension in severe terms, by ks pretended fiiends. This brought Mr. Dockery to bis feet. Personal explanations were made Mr. Hill disclaiming any intention of being personal. Mr. Dockery rejected the explanation, and reflected upon Mr. Hill, who, in turn withdrew all explanations, and left Mi. Dockery to construe the imputations and insinuations as. he thought proper, and thon to take bis own course. Mr. Coleman twitted tbe Senator from Rich mond upon his course towards the Western ex tension as compared with his declarations in the West. Mr. Dockery defined bis position on internal improvements. Tbe discussion was here interrupted by tbe spe cial order it being the bill lo authorize Joshua Small and his family (free negroes) to remain in the State three years which was read the sec ond and third times and passed. The Senate then adjourned. FridaV, Jan. 30, 1857. A resolution authorizing the Stale Treasurer to Issue bonds in lieu af those issued by C. L. Hin ton, late Treasurer, passed its several readings. Mr. Cameron introduced a bill further defining the duties of public Treasurer, which passed its several readings. Received a message from the House transmit ting: the Revenue bill with amendments. The Senate proceeded to the consideration of said amendments. An additional section' levying a tax of three fourths of one per cent on bank stock waa con curred in. Provided it does not reduce the pro fits below six per cent . An amendment taxing brokers $300 was also adopted. And an amendment imposing a tax on railroads was rejected. Numerous other unim portant amendments were adopted. Tbe bill as finally passed ill be printed in a few days, when it will be furnished for y'our readers. Cob. On motion of Mr. Wilder, a message was sent to the House proposing to rescind the joint reso lution to adjourn on Monday next Message from the House refusing to recede from its position on tbe tax on railroads, and pro posing a committee of conference in the event of the Senate refusing to accede. Mr. Boyd moved" to recede. Not agreed to. The proposition to appoint a committee of con ference was then agreed to, and Messrs. Dockery, Boyd and Clark were appointed on behalf ef tbe Senate. Mr. Clark offered a bill restricting new business to this day. The Senate took a recess. 4FTERN00.1 SESSION. An engrossed resolution authorizing the Gover nor to purchase Hubbard's statae of Washington passed its three readings. Tbe WU to amend the charter of the Cape Fear and Deep River Navigation Company was taken BBo its second reading. -Cfs Mr Gorrell moved to strike out- tbw asoend mcut offered t j r Cameton, when tbe bill was lost under consideration. The amendment places the work entirely under the control of the Board of Internal Improvements. The motion was con curred In yeas 25, nays 15. . f. Tbe amendment offered, by. Mr. W. BV Myers, relative to individual subscriptions, was also stricken out.- - , Mr. Gorrell offered tbe following as amend ments.: 1. To allow individuals to subscribe 100 shares . When individuals have paid in 825,000, the State to pay 850,000, and so on, till the State'a subscription of 8300,000 shall be made up ; 8. To authorize tbe State Treasurer to pay off Che debte-of tbe -company oat of tbe State's subscription ; 4. To amend the 5th section of the bill so as to make all the stock preferred stock ; 5. To give the State two additional directors an 1 the stockholders one increasing the whole num ber to nine. -r J , s" Mr. McCiarmid offered to amend by restricting the application of the money to Cross Creek and Silver Run locks, until they are completed. Re jected. He also offered to amend by providing that no person who has been a contractor on the work shall be eligible to office in the company. Also rejected. Mr. GorreU's amendments were all adopted. Tbe question then recurring on tbe passago of the bill as amended, it was rejected yeas 16, naya 24. The special order for 4 o'clock the bill to in corporate the Rockingham Coalfields Railroad company was now taken up. Mr. A. J. Jones moved to amend by striking out the word "Cfreensboro' " and inserting "Graham" as tbe starting point of the road. Rejected, yeas 16, nays 20. The bill then passed yeas 21, nays 20. The Senate took a recess. EVENING SESSION. The bill to incorporate the southern Air-line R. Road eompany passed its second reading. Message received from tbe House stating that the Senate biH to re-charter tbe Bank of the State had passed that body amended, by striking out all after the enacting clause and inserting in lieu thereof a bill introduced into the House by Mr. Bledsoe, which increases the capital stock of the company one million and a half of dollars read and referred to the committee on Bank and Currency. t Message from the House proposing to raise a joint select committee to examine into tbe public business, with a view to an adjournment. Agreed to, and Messrs. Hill and Pool appointed on the part of tbe Senate. Mr. Hawkins moved to reconsider the vole by which the bill concerning the Rockingham Coal fields railroad was passed. He was on business in tbe committee room when the vote was being taken, and coming into the Senate he voted un- der the impression that it was the Fayette ville and Coalfields bill. He was opposed to tbe Rocking ham project. Tbe motion prevailed yeas 22, nays 20. Message from the House stating that the bill to amend the charter of the Bank of Cape Fear had passed that body, with an amendment autho rizing the Bank to increase its capital stock to three millions of dollars, within three years, and asking the concurrence of the Senate. Concurred in. The committee of conference relative to tbe tax on railroad passengers reported against that item. Report concurred in yeas 33, nays 10. On motion of Mr. W. R. Myers the bill provi ding for tbe maintenance of the Asylum for the Insane passed its second and third readings. The House bill creating a sinking fuud for the State also passed its second and third readings. The joint committee to examine the condition of the public business, reported that there were yet about two hundred bills to be disposed of. The bill toncorporate the Bank of Greensboro' was read the second time and laid on the table. Message from the House transmitting a mes sage from the Governor on the Cape Fear & Deep River Navigation Company. The bill to incorporate the Bank of Goldsboro' was read the second time and laid on the table. Senate then adjourned. Sai-caoAT, Jan. 31, 1857. Mr. Cherry introduced a series of resolutions coucerning North Carolina's share of tbe public lands, and instructing our representatives in Con gress to use their efforts to seeure tbe satne. Mr. W. II. Thomas introduced a bill providing for a Homestead of the value of $500. Referred. The House substitute for tbe Bank Of the State was adopted. The Fayetteville and Coalfields bill was now taken up. Mr. Foaville advocated the passage of the bill at considerable length, but tbe bill was rejected. The bt to established Superior Courts in the county of Harnett passed its several readings. Tbe bill to amend the charter of the Wilming ton, Charlotte & Rutherford Railroad Company waa read tbe third time and passed. Mr. Boyd introduced a resolution authorizing the Public Treasurer to borrow 8200,000, if nec essary, to meet tbe proper liabilities of tbe State. Concurred in. The bill to amend the charter of tbe Atlantic and North Carolina Railroad Company was than read tbe second lime. - Provides for a lean vf 8400,000 to the road. Mr. Lane opposed the bill. The measure was strenuously advocated By Messrs. Speigbt, Cameron, Houston, Milla and W. U. Thomas. Mr. W. R. Myers offered an amendment making tbe coupon bonds to be issued for said loan pay able in the city of Raleigh. Rejected yeas 10, "nays 30. Mr. Clark moved to amend requiring of the Company a mortgage on the work to the State, before they accept the loan. Adopted. The bill then passed yeas 25, naya 14. Under a suspension of the rules tbe bill was read tbe third time and passed. Senate took a recess. Remainder of this day's proceedings in my next. .1 may mention that bite In the evening session tbe Cape Fear and Deep River bill passed by a majority of two. HOUSE OF COMMONS. Thcrsoat, Jan. 29, 1857. arrEBNooN saesiON. Tbe bill to re-charter the State Bank was made Ibe special order of the day for to-morrow. The bill introduced by Mr. Onterbringe, to a mend the Revised Code se as to prohibit negroes from selling produce without a permit from their owners, was taken np on its second reading. After considerable debate, the operation of the bill was restricted to the Counties of Martin, Cas well, Edgecombe, Wake, Rowan, Wayne, Curri tuck and Cleaveland. The bill then passed its second and third read ings. The debate was now resumed on tbe Western N. C. Railroad. An animated debate ensued. The amendment offered by Mr. Boutb waa rejected yeas 34, nays 64. Tbe bill then passed its second reading, Under suspension of the rules the bill was then put upon its third reading. Mr. Baxter offered a substitute, providing for the extension of the road beyond Morganton.and warmly advocated lis adoption. : ' X ) i Mr. Bridgera reminded Mr. Baxter "that this wonld add greatly to tbe liabilities of tbe 8tate, and that he (Mr. Baxter) bad voted, against the Revenue bill, which was indiepensible to Jheet the liabilities already incurred. . Mr. Iharpe was opposed to the bill, as it came from the Senate."" He would support the amend ment He was of opinion that if this amendment did not pass, the bill would not be accepted by tbe stockholders. Tbe amendment was rejected yeas 41, nays 66. The bill then passed its third reading yeas 61, naya 49. j The House took a recess. ' j - evenino session. A resolution introduced by Mr. Baxter in fa vor of the principal Clerks of the Senate and House of Commons, passed its second reading. Provides for additional compensation The Sebate bill concerning the distribution of the School Fund, was read tbe secoud and third times and passed. Also a number of private bills. . Tbe bill to incorporate the Cheraw and Coal fields Railroad Company, was taken Hp on its sec ond reading. . j A prolonged debate followed between Messrs". Richardson, Cotten, Scales, Caldwell, Crump and Baxter, for the bill, and Messrs. Pickett, Biidg ers and Holmes, in opposition. The bill passed its seeond readiuz. Under a, suspension of the rules, the bill was put upon its third reading, pending' the discussion on which The Houss adjourned, j . j : i Friday, Jan. 30. On motion of Mr. Ferebee, a message was sent to the Senate, proposing to raise a joint select committee to take into Consideration tbe expedi ency of authorizing the Governor to purchase Hubbard's bronz Statute of Washington. Mr. Hill, of Halifax, offered & resolution to ex tend the daily session. Laid on the table. Mr. Elliott introduced a bill concerning Inter est on, Revenue. The unfinished business of yesterday the bill to charter the Cheraw and Coalfields Railroad Company was now resumed. An amendment by Mr. Outerbridge subjecting the Company to the same taxes as may be levied on State works, was adopted. The bill then passed its third reading yeas 7, nays 29. j Mr. Meares considered that the bill just passed was a death-blow to the Wilmington, Charlotte and Rutherford Railroad. As a director of that road, he said the Company was willing to tender back its charter. The bill concerning the listing of lands lying iu certain counties, was received from the Senate, with an amendment. Tbe amendment was concurred in. The bill to amend the charter of the Cape Fear and Deep River Company, was taken up. An amendment offered by Mr. Metres, authori zing the State to subscribe to the stock of said Company, under certain conditions, was adopted. Tbe bill then passed its secoud reading yeas 93 nays 7. Tbe bill to re-charter the Bat.k of the State, was rend the third time. Mr. Bledsoe oflered a substitute, in snbtanco the same as the charter of the Bank of Ce Fear. He bad reason to beliuve that such a eharter would be accepted by the stockholders. AdopU-d. Mr. Jones offered to aiuer.d by making any branch of said bank receive in paymeiit of and demand the bills of any other branch of said bank. Adopted. The bill then passed its third reading yeas 61, naya 31. Message from the Senate concurring in Houu amendments to Revenue bill except that refer ring to the tax on railroads. Tbe House refused to recede, and proposed a committee of conference. The kill for the relief of the North Carolina Railroad was rejected yeas 36, rays 69.. Re fers to the rate of interest on Company's bouds Tbe ifoase then took a recess. AFTERNOON SKSSIOf. Message from the Senate proposing to rescind the joint-resolution respecting an adjournment. Laid on the table. 1 The motion relative to an extension of the dai ly sessions was taken from the table. Proposes to naeet at 9;" o'clock, a. m., and continue the night sessions to 12 o'clock Indefinitely po,U poiied. A motion to reconsider the vote by which the bill concerning tho Western N. C. Railroad Com pany was pass' d, was rejected. The bill to aid the Albemarle and Chesapeake Canal Company, was next taken up. The bill was supported by Messrs. Outlaw and Badbam, bui was rejected yeas 60, naya 63. A motion to re-consider was adopted. Tbe House then took a recess. EVENING SESSION. The bill to provide for tbe inspection and weigh ing oT wheat nd cotton in the town of Wilming ton was taken up. Mr. Holmes explained the provisions and ob jects of the bill. Mr. Meares characterized the bill as nnjnst and oppressive. He waa opposed to levyii g taxes on our exports. He moved to indefinitely postpone. Mr. Holmes entered into a defense of the bill with much animation. Wheat and cotton were now weighed in Wilmington, and the object was to appoint some suitable person to superintend the weighing. He sternly rebuked Mr. Meares for interfering between him and his constituent. Motion to indefinitely postpone rejected yeas 27, naya 68. Mr. Meares offered an amendment, that no ar ticle not inspected shall be subjoct to any charges. Adopted yeas 78, nays 21. The bill was further amended by striking ont the word " wheat."! Mr. Holmes offered to amend by providing that all articles weighed should be Subject to fees. Adopted. J Mr. Meares then added "fees not to exceed ten cents ;" which, being agreed to, the bill passed its second and third readings. Mr. Outlaw, from the committee of conference, reported in farnr of receding- from the House a mendment to tbe Revenue bill, relative to tax on railroads. ! After a short' debate, tbe report was concurred in yeas 83, naya 17. Tbe bill to amend the charter of the Bank of Wilmington, was postponed, at tbe request of Mr. Holmes, to enable bins lo examine into an amend ment offered by Mr. Outlaw, prohibiting the open ing of books for subscription, when once closed. Dr. Blow, from the joint committee on the State of public business, reported 220 bills in tbe Sen ate and 120 in tbe House, and asked leave to re fer the matter back to both Houses. The Honse then adjourned. j 8aTOOAT, Jan. 31. The reconsideration of the Albemarle and Ches apeake Canal bill was proceeded with. Mr.Pavid.on offered an amendment providing for an exchange of boods with the 'State. Re jected yeas 23, nays 72. Tbe bill then passed its second reading yeas nsysiX, ::-::t;1: ' Under 4 suspension of the rules, the bill passed its third 'reading yeas 66, naya 42. Tbe bill merely provides for tbe sue ef 8250,000, former ly subscribed, striking out the additional 8100,000 asked for. !v ' ""'.- On motion of Mr. Gilliam the vote by which tbe bill for tbe relief of the North Carolina Rail road was defeated, Was taken up for reconsidera tion. Mr. Lewis, of Wake, supported the motion. Mr. Rushing opposed tbe motion. He thought tbe '-Company bad two uaneb influence in the House. Mr. Caasler moved to lay the motion on tbe table. Rejected yeas 21, nays 71. yf The motion to re-consider was then agreed to. The Senate bill to establish a standard weight for tbe bushel of grain passed jls second and third readings. - The bill for tbe relief of the N. C. Railroad wM read.. .. v-y... Mr. Outlaw condemned the Company for boil ding workshops an houses for officers, etc., and tbns bringing themselves into difficulties, vile would vote for the bill, but it would be the last lime be would sanction such a messare under similar circumstances. tr Sir. Jenkins stated that these expenditures had been made under a former management. Mr. Bridgers would vote for the"measure, tho he had before voted against it-rthink:ng this was the best plan of getting out of the difficulty. He asked those opposed to tbe bill to introduce a better and be would support it. Mr. Long was opposed to the bill. He thought it better to sell State bonds and pay the debt, and secure the revenue of the road to reimburse the State. He could not consent to borrow money at 8 per cent. Messrs. Caldwell, Ferebee, Bledsoe and Mont gomery, supported the bill, and Messrs. Leach, of Davidson, Ward and Dargan, opposed it. The bill passed its second reading yeas 48, naya 45. The rules were suspended and tbe bill passed its third reading. On motion of Mr. Badham a message was sent to the Sriiaie propotdng to rescind Ibe joint reso lution to adjourn oh Monday and proposing Wed nesday next. ' ' ' A coinnumicat ion received from R. A. Hamil ton, Esq. declining to serve as Trustee to the University, on-account of bis leaving the State. The resolution authorizing the Public Treasu rer to borrow money to. an amount not exceeding ,200,000 at any one time between this snd the next meeting of the General Assembly, was adapt ed. The-House took a recess. 4FTERNO0V SESSION. After tlxj tranxactio'i of much unimportant bu- MliejtS,- The bill to incorporate the Salem & Gr manlon Railroad Company waa take op, on its third reading. The bill lejns r gaided a a Viigiufa connec tion, gave- rix to an atiintuted debate. Mr. Uill, of Stokes, defended tbe bill, and it passed its third reading. ' ' Mr. Hill of Halifax called hp a bill to restrain the Uan of the State fiom ihnin bill of a de nomination , leu i han 3. This bill was intend ed to rruirjj' an "veisigbt in the bill ttuhsti uted by Mr. Uledsoe for the original bill to re-charter this bank. Wbtn thai InlJ came to be enndUd it waa d scovered that the bank bad poer to lb sue bills-of one do lr and upardto an unlimit ed amount within the meaning of its chatter Mr. Elliott opposed the bill. Mr. Long stated that the llon bad not intend ed to give the bank the privilege of ixMiing small notes, and hence the necessity of the bill. Mr. Bl'-dsoe sai l that when he introduced the substitute, the question of Miia'.l notva had escap ed his attention ; but as foiein small notes were allowed te circulate in the State, he thought it but right to give onr own bank the privilege. He would oppose the bill. Mr. Bi idaers -was not aware the charter gave th I anU tl.ii power, and therefore he wished the bill to pass. Pending the debate, the House took a reces rVE.NINO SESKl ON." The bill concerning the Greenville snd French 3mal Railroad waa taken up. Air. Vaney explained that the object of the bill i merely to uiaUe a change of gauge and loca tion of Depot from Paint Rock to some other point on the South Carolina line. Mr. Meats oppoed the hill, as a South Carolina project. Th bill passed its second and third readings yeas 56 nays 33. The bill concerning the isane of small notes by tbe Bafik r.f the State waaain taken np. Mr. Oxburn thought the bank would not avail itself of the piovisions of tho charter. He hoped the bill would not pasJ.' Mr. Hill of Stokes, opposed the bill, as ihr State would be a sharer in it issues of such bills, The bill was then rejected yeas 39 naya 41. The Senate bill providing that in cases of As sault and Battery , the wife may be examined a gainst the husband passed its second aBd third readings. A number of private bills, &c, were disposed, or a nJ '.lie Hons adjourned. CURIOUS EFFECT OF THE SNOW STORM ON TUB TELEGHAPH WIRES. During the greatest intensity of the snow storm no Sunday night, tbe electrical effect on the wires f the magnetic telegraph, in tbe office at Ches- nut street, near Third, was curious and striking. There wan a continual snapping, cracking and flashing, like tbe noise when wood is burning .bri-kly. At one place, on a covered wire, tbe stream of electricity suddenly appeared about the size of the flame from an ordinary gas burner, and continued to burniust like a eas Iteht for more than five minute, j. On examining the wire it was tound that half an inch of the coveiing as burned of that and the jire bfiieatb it, with which k was In contact PkilatklpKia Ledger. The same, phenomenon was noticed on 1 1' e line from Bostan to New Yk. The Hartford Conr- aul oars tbe wires at that place omld only be discharged by c nn-c!ing them with the ground Cutting them or faking off tbe batteries, bad n perceptible effect. "IS HE ABLE TO SUPPORT nER " A young lady was about to be married. She was absent from home, and solicited the consent of her mother to tbe alliance. Tbe mother, be fore sanctioning the wishes of ber daughter, very properly sousht to known something of the man who was to be her son iu law. Strange as R may seem, her first inquiry was "Has he money to support her I" His character, bis family, or bis raputatioo were all secondary considerations and wben informed that be bad money bnt was wanting in pripciple, and lightly esteemed by those around bins she coosented to tbe marriage. Her daughter now lives at ease in neatly furnish ed apartments, and lavishes tbe beat affections of her pure younz. heart upon a worthless knave, whose only recommendation is that he bas "mo ney te support ber." 8uch ia life. Agut DisptdLT EXECUTIVE MESSAGf ON THE CAPE FEAR AND DEi? SIYER NAVIGATION C0M- Ykm. t- - 7, Ml- ' V TV Uu unurraU " Oenertl AiUmbly Sv . . , f UfSaU f North- Carolina i deemlt my duty U lay befcxe you some facts In relation to the Cape Fear and Deep River Nav igation Company, n which the State ia largely in terested, not only a Ok atock holder, but as endors er to tbe company. . - I would not trouble you with any communica tion at this late period of your session, and when it is about to close, but for tbe reason that I fear Libat there exist some misapprehension as to the real state of affairs, so far at least as tbe State Is concerned.' -'j By the act of 1832-'63, tbe capital stock of the company was increased to the' sum of "8350,000, and the 8tate agreed to pay 880,000 provided In dividuals would pay the sum of 840,000. - By sec tion 6th of tbe said act, it waa farther provided "that if tbe sum of $120,000 should be foungEnsuf ficicnt to complete said improvement, an adcrioua sum of 830,000 may be raised by aaidpftnpany, either by procuring subscriptions of rftock on tbe part of individuals, so as to increa tbe capital stock to 8350,000, by this act authorized, or to issue bonds in the name and behalf of tbe compa ny, sinned by tbe president, with the corporate -seal of tbe com puny, and countersigned by its treasurer, in sueb sums, not exceed n 830,000, and upon such terms as ti e pres dent and direc tors shall and may prescribe, and the said presi dent and directors are hereby authorized to pledge the uett proceeds arising from lolls or the proper ty of the company for the redemption ef said bonds." - j I am informed that by virtue of this provision the company made bonds to the amount of 827, 500, to which sundry individuals are sureties, and raised the money on them, and that t:.e interest was to be paid semi-annually, and the principal about tbe first January, 1859, and that a mort gage was made early in the year 1854, pledging the profits of the company to pay the interest as it might accrne, and upon all the property of the company, including its works on tbe river, to se cure the principal, aud such interest as might re main due when the principal become due, and providing for a sale of lha property and works of the company, when the said bonds matured, un less the principal and interest then dne should be paid. I endeavored to procure a copy of tbis mort gage sometime since from a gentleman connected with the company, and one was made out, bnt be fore it reached my hands, it was, I am informed, handed to the chairman of tbe committee lately appointed in tbe House of Commons to Investigate tbe affairs ef tbe company, and I regret that it canne t now be bad. I have ne doubt, how even that the provisions of the deed are substantially as stated. By the act of the lsst session, the company were authorized te issue bonds payable to tbe public treasurer for the sum of 8300,000; with coupons bearing six pr cent, interest, payable semi-annually, and the principal payable, 8100, 000 on the first of Janenry, 1865, the same amount the first of January, 1876, and the like amoant tbe first of January, 1885; which were to be en dorsed by the public tiasurer, npon the condition that the company execute flfst a pledge by way of mortgage to the Governor, and his successors in office, of so much of the profits of the eompsny as might suffice to pay the accratng interest; sec ondly, a mortgage to the same, "of all the estate, real and personal, belonging, or tbat may hereaf ter belong to the Cape Fear and Deep River Nav igation Company, or in any manner pertaining, or that may pertain to the State of North-Carolina from tbe payment of tbe whole, or any part of the bonds hereby autbor'zed to be made an t issued." These mortgages were executed, as I -believe, in exact accordance with the provisions of the act, were approved by the Governor and Attorney General, duty registered, and ate now on file In the Executive office. But there seems to be some misapprehension as o the lights of the State and the duty of the Gov ernor as beij trustee, In case of failure by the com. pany to meet me interest as it tans aue upon me endorsed bonds. An examination of the act and of the mortgage will show t at the Governor, in such case, is auth orized only, to appoint" jn agent and receiver to collect the tolls and pay the Interest. The difficulty is, tbat in the present state of the work there1 are no tolls to soiled. A further examination of the 7th section of the art nd of the mortgage which conforms thereto. will show tbat the Governor is only authorized to sell the property and works of the company, on failure of the company "to pay off and redeem the principal of aid bonds at such times aud in such amounts as shall be due, according te the tenor of said bonds." In other words, no sale can be made under tbe State's mortgage -without the consent of the atock holders, prior to the first of January, 1865; after which, on non-payment by the company, a sale might be effected, and the act provides that "the proceeds of such sale shall be applied , first to pay off and redeem tbe whole amount of principal of said bonds and all interest then duo, and to pay the excess to tbe president and directors of tbe company." Thus it will be seed that the Stale cannot take charge of tho work by an agent so as to realize any thing to pay the interest, nor can she bow foreclose her mortgage. The work msy be sold at the time indicated nnder the mortgage, to individuals. It may be proper for me to add that there are judgments and executions againt the company to a large amount; but bow much, I am not pre. pared to say, obtained subsequent to the execu tion of the mortgage to the State. It ia insisted by tbe parties concerned, tbat they can now aril the equity of redemption on th e work of tbe com pany ou the river, being real estate. Under existing circemstances, there being al seady two mortgages npn tbe works, and from the very nature of the'kdrest and kind of prop erty proposed to be sold, ihteiifle-'to the opinion tbat nothing would pass by sack a sale. But In this I may be mistaken, as tbe question is one of difficulty; at all events it would result in litigation and the State would, in the eud, be appealed lo as a stockholder fn the company, to pay the debts. ! ' ' In view of the fact that the affUirs of this Com pany have been bronght prominently before both branches of the General Assembly at this session, and that there baa been action upon the same, I do-not deem it decorous on my part to indicate any opinion of my own as to the measures which should be adopted under the circaiu stances. Believing, however, that there waa some mis apprehension prevailing as to the rights of the State, and as my duties under the mortgsgea exe cuted for ber benefit, I bave considered it roy do ty to make tbis communication, so that tbe facta may be brought to your notice. Unleas it is tbe opinion of the General Assem bly thft it will be best for the 8ute to abend oa the' work, it seems to me tbat sems measure should, if possible, be adopted at this session, to protect the Bute's interest,, which- is not only large as a stockholder, bnt much larger as eodors t, j f of th bonds of the company. q. " TH03. RRAG0. EsStOTivi Dcfibtment, ian. 80, 1857. Horrible wreck.. The New York Trit ene glvet a sborkHg plcfc 0 tnre ol the scene at tbe Wreck of lUr Era- meltn : nn KMn.l. l . ,' - V J , .... -j .., s wwk uii me J m Jersey coast, near Sandy Hook. Tbe"vee wal In diatresa," and waa ran RfJore to ave tbe lives of thecaplaio tmirew. She was seen approach ing the beach, where a crowd of wreckers and" others were gathered to wiine th c.iastr.. Tbe faces of the erw c0ld beeeeip. Mrf ghastly and, as she struck, ever" 'man cried God help as !" But they clnnr to th Icy rltv ging as the vessel was daubed over. 8he lay about eighty yard from shore. The'n.sln al; was hslf set and the six men en board got nn. der the le of It and were, for a I lute JPthelten from the storm. They most have he frojten un- . . . e.irril4 S llley Oia not launch their beat. The aWfar was placed on fhore and five lines shot Horn It In succession, O all of which Judged In the rigging nf the vessel, but the feeble and worn out sailors were unable to reach It. Soon the mainsail gave way and . being then exposed to the full fury of the siorm . with the sea sweeping the deck, some of the doomed mea took to the rlgin, while others went Into the cabin. Ten feeble to help them- selves the few a hove looked imploringly ashore. . One attempted to save himself by throwing over board the lop of the galley and Jumping aft r It, but after struggling bravely for fifteen minutes, was drowned by gel Una- under tbe shore Ice. The three men who went Into the eabiu were not seen again. The two remalnHig rm-n above, frer-e to death In the tigging. On Monday, the brig broke In two. and the fragments drove ashere. She wss a Yankee ersft. but was owoed1 . in New York, whither she was bound with a car go of logwood from the West Indies. CONCRETION A It WasiiixoTON, Janusry 80 8fNiTe.3-The Senate resumed the considers- tionofMr. Houston's rannlnll . .. - ' - in", M bUW - . w v.iwihuiiiv,i iuv iu urr mnn riuir of desertions from the nsvy since the passage of the act to promote the efficiency of the navy. He maintained that tbe aervice bad been greatly Improved by that messure. The further consideiatlnn ef the subject war postponed enlil to morrow. The Senate at an early bonr awent Into cxacu tive session, and snhseeuerrtly adjonrned. Hocss or RKraRSKNTiTivKs Vsrious reports i Upon private bills were made from the several' . committees. The House went into committee on the private calendar. Jhe entire session was txbansted by discussing a privstc bill. During the proceedings Mr. Bowie presented the petition of Dr James Nleins, 8lae agricul tural chemist ef Mary land,, praying that nitiate of loda and other chemical salt forming compo D nt parts ofPernvlan guano and other agrlcul- tursl fertilisers msy be admitted duly free. Adjooined. THE ARABIA AlibsTO.V. Boston, Jan 8.-The Arab succeeded in reaching her Dock shout 4 o'clo. k afiernonn. She was in collision with the biig Scotland at the mouth of the .ic channel causing some de tention, but no siiiia dniges. The Ice ie--mains thick and solid, and Imndrt ds of people lined the steamer's narrow psthwsy fiom the Castle to her dock, licrmaila will be sent soul It by the early morning train. ' The foreign papers by the Arabia contain bur little addi lonal neas, Queen Victoria's accnuchment was expected In' . Msrch. IdSath.the ex-secrrtary of the Northern Eng lili Rsi'road Company, who swindled bis em ployers out ft a million of dollars, wss Coni-.td' by I he Jury after sn sbene of only fire minutes. His sllrg.-d sccotuplice, Kent, was acquitted Kedpatb ai sentenced to Irsnsportstlon for life. The returns show that one hundred and fifty vessel were driven ashore, of m hi. -fa) eighty eern totally wirck d and many others damsged, dur ing fbv late frii'htfnl gale on I ho coasts of iho United Kingdom, including 1 latge loss of life." A terrific horric sue devastated the Philliplne Islands on OclO' er 27 The sutbitth of Manilla and the neighboring t illsges m re i educed ir heaps of ruins. The number of Ihmim-s destroyed at that place was above 3 500 Tbe (.fTiclal re turns show that more than ten thousand bouses, were destroyed within a circuit of light lesgues around Msnilla. 8is foreign vessels were driven ashore in the roads of Msnilla. DISTRESSING SUICIDE. A letter from Jefferson N. C., dated the lltlr instant, stsles that Id it Selina Howell, aged 13, daughter of Amos Howell, of that place, commit ted suicide by hanging herself In the batn. She went ont fn ber usual rood humor, and being ask. ed where she was going said. ' you will find ont some lime." Some time elapsing before htr re turn, her parents went out to bunt for her, aod foiind Miss H. bang by tbe ne5 lo a beam in the barn, quite dead. Th eanse Is giveu for tbis fa tal act, committed by ene so young: THE CORhUPTION INVESTIGATION. Wa r hctosj Jan 80 h Owing lo the eon" arrival of witnesses IUing far distant from Wash ington, the corrupt Ion investigating committee ill not be able to make a rei-ort a soon as they anticipated. Probably not for ten dajs. "COMMERCIAL'' powjjh prusaa JOB f IHTMG ESTAHLIS fMEXT, SOUTH Sill MARIITST.ISTK1 HARSITKCUSS1 WILMINGTON", N. C. TITE PROPRIETY) ft of tlita wU Snown EaUMUtinienf wonld eall tbe attention af the ttuminm aonimnntty to hie lara and boanttfat rt t f of Typa and fres havlne Inst adlel to Ms tprk on ,.t It. Una a l o's4 PATENT flKU CYLINDER PRISTIXI MA CHINES, he la wv enahk-d to work al a nmrli mora . muonaMe ret ttiau formerly, lha sty la of tha work. CAN )S Printed from to 1 10 pc eaaat BOOKS ANU AMi'HLETS, PKCKiPTS FOR RAILROAI'f, 6TKAM ItOATft, CUItltJRATION8e. mLLHKALH, BIIOP-BILIJ!. HILLS Olf LAVISH, XXV IIKAD1NU3, as., ave, POSTERS AND PROGRAMMES' We would call tha attention of (Vmeert Ai'nta, flw. man sac etsera, to ear facilities fvr dun tfale kind vf work. ALL BIBB OS plaut aio ornamental trixtisw. Dona la tha iMUit manner, mad at abort aoUea. Tbaaa In want as Printing wa traat will Snd ' "v advantage to flea as a call. COM M ERCIAL DL.A N KS. Tbe attentioa of UhlPfera and others la call osir xtan.iv aaaortmant of fcommereiaj lUanka. Amo.wtl. aotleMioe k a vary fin and baadaume Ustssf lktl. of a. I bane. Id aheata and fcouka. KntUv . 16.
The Tri-Weekly Commercial (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 3, 1857, edition 1
2
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