Lives of Distinguished North Carolinians, with Illustrations and Speeches
History
Lives of Distinguished North Carolinians, with Illustrations and Speeches
North Carolina -- Biography
They could elect their justices of the peace by the people, and
establish cheap justices' courts for the trial of petty offenses,
and thus keep them from the courts; that it was important that
justices should be elected by the people, as they laid the county
taxes.
He said he voted against the present free-suffrage bill because
there was no provision in it to prevent the undue taxation of land;
that the Senate, as now constituted, was a check on such taxation;
but, abolish the freehold qualification for voters, and where would
the check be; that he had offered an amendment himself which, had it
passed, he would have voted for the bill, and waived his objection
to the legislative mode of amendment; that the object of this
amendment was to provide simply a protection to lands by requiring
land, the slave poll and white poll to be taxed alike; that, in his
opinion, something ought to be adopted to protect the landholder.
He said that the _Standard_ had called him the "shin-plaster
candidate." It was true that his face appeared upon the bills of a
small bank in his town, but he was in no way concerned in the same,
and had no interest in the institution. He was, however, opposed
to the law, and would make war upon any law which undertook to do
away with small notes. Why take away small notes, the only currency
which a poor man could get? The rich could get large bills, but
they were beyond the reach of a poor man. (Here Mr. Gilmer entered
into a rather elaborate argument to sustain the policy of small
banknotes, and read the _Bank Note Reporter_ and other authorities
to show that true policy required their free circulation, and that
the worst consequences had followed their discontinuance in some of
the States.)
He next shadowed forth a project for a new bank, to be owned in part
by the State and part by individuals. For every one hundred dollars
the State owns in railroad stock he would have her own a like amount
in stock in the bank, and the same as to individuals; something was
said also as to State bonds forming a part of the basis, but the
writer did not clearly catch the idea.
It was insisted, however, by Mr. Gilmer, that such a bank would
be very profitable, and that the State would realize enough from
the profits to pay the interest of the State debt, and relieve the
people from taxation; and the plan was, he said, for the bank to
issue mostly one and two dollar notes for currency, as in South
Carolina.
He was, too, in favor of having our State bonds, and the interest on
the same, payable in North Carolina, and not in New York, and thus
keeping the money of our people at home. He said the national debt
of England, being due to her own people, strengthened her, while
ours acted as a continual drain to pay interest in New York.
After speaking one and a half hours, Mr. Gilmer said he desired,
before he closed, to say something on Federal politics, and the
principles of the American party, of which he was a candidate.
Public-domain text, read in full here on John Shaqi.
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