Newspapers / The North-Carolina Star (Raleigh, … / Feb. 20, 1834, edition 1 / Page 1
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; - ' y-j' . ' r. .: ' - - ' ' ' ; ': ' : ;....-..'-- . l I j 2r"-Z2- ) . . 1 " (HV AUTUOiill V.) he Op few, V!kiof nl I'tMlce !...! Tl.lll 1 I.I. .1 T l .-v . jc iiiwuicr irinccdi A mil uie viuckituiu- t. inanrnonta the tix Tear, V!kiof mllViiue ua.1 Homi Company. 1 nor Court of the county iir w inch such land hcs, tor a tury of twelve free- era in said corporation shall from time to time, h-Veil enacted bathe Ucnerul JlisemJiij oj Vie biMe ij .yo.-lu -CurtAina, holders, who shall go upon the lands and value the same, or make an as- after their general meetings, regulate and fix not be obtained by voluntary agreement, the damages to bo established cs for each loans, and other assurances for the and recovered in manner and form as follows by the parties, either; may apply to thenext : that in case of disagreement payment thereof. succeeding-County orSope-j rXXrlk'iffurificr U. it herd imciea on tne amnarun ty uusumet, a mi nugn vTmrporuj t scssment oi suctvamages, a io case may JJC,ajL DV.UiingliaiU'econ-.lic salaries ul the. directory and other oiliccrs ol i- Hiram RobiBgon, John Kelly, WUJiaui, !Solf, lonii Iullalvlui 'Di'lstdetcd'tost and erreitabterWKlho shallke-TmelvnratT-mw Jr., '"" . . . , . i li I I tT t I I " . "' " A' . 1 1 i .i till l . t i .1 --- : i ,1 - . t- -n. ,i . HrT, Robert Strange, juenjamin ownson, jcwis rown,imn t . osnuf meni upon oain, which oaui snau oe aumimsiereu 10 mem oy me hiieniij me coinp;n8aiun to tw pawl to tl;e tigcul or bu- fjrd,"Hhu4 AY. Cochran, Thomas N. Cameron, E J ward . W'inslow, and the curt atvtho time such application is made, shall order and require perintendents of the corporation, jlisepfi Baker, K'lwartl W. "Wilkins, John Iloske, Duncan SlcRae, Joseph the sherijf forthwith to summon a.jury of twelve freeholders, unconnected . XXI, lie itfurthcr enacted, viVai the directory Avcy Jeremiah Kyle, James Sea well, Cfiarlea-l'. Mallett, Oliver P. Starke, with either party, who tliall, bna day appointed by the order requiring the' xhall have lnwver to ftal. a general irtcctin'g of utiiuWliliHl4Nrdii said jury, within fifteen tlars from the end of the term.: the sfockdoldem and that ariV number of stock- f TdIirieTlune,7osiairEvaris, ChaiTesTSic AinATer, JotuiT; Kctty, John .... ii' . . ia,' . . , ii .:.(. Morrisort, KdmuniJ lelierry, 4oia aiarun, mucan jvic.var, jr., uaroy Morgan, Paul Kar?iger, Abiam F. Alexander, Joseph Voun, Thomaal Cowao, -'Robert McNamara, Maxwell 'Chambej-s, Alexander (iray, William llo-an, Benjamin KHiott, Gideou Soawell, Alexandcr-IliUle, John A. MrUac. Sainoeir.Taltcr5o, Edmund JonesT J.imc Wellburn, Jones Ful- ler, James Kyle, John M. strong, wttnam nawwy, v .tuamoii uae- John 11. Kcclcs, their assiciaies, successor nnu nsKigns, up, and under tne name ot "(he aud ly that name teat . 1 1 I l'.l. I (hey are hereny inaiie a uoiy poimc ami cip.itv, mm Caiw Fear. Yadkin and Pedec Uail Road Company; shall be, aod ans hereby made capable in law to t.ue-nndbc sued to final iiul-'ment and execution, plead nud be impleaded, dcfei.d and be defended, in ftiiy court of record of this Slate or in any' other .place whatsoever; to make, have and use a common seal, arid tlw K.inie to break, renew or alter t pleastt-efd injRaid name shall have successor), and shall be, and are niir be necessary to carry into rfiect the purposes and objeefs' oT'TRTrireV .a hureninflcr set 'forth; and the said corporation arc hereby authorised and cmiMiwered to create, -construct md finally complete a rail rout! lit the river Cape Fear, ift Fayctteville, mn thence to the sui w-rrAwa.nf -rite Yadhin-mtttt ajn. .leading in a direction -5 it ei 11111111 mmit of (he to the lown rf Wilkcsborouh; also a lateral rail road connecting 8aritT6ndfrOTn-Fay pr cttcvilie to tltfe Yatlkin with the Pcdee, r.t the moutbf Rocky ikrvaiid in tfiencffopcnettate-3J ecfjwwg' ih-mmmhm;im uufc y una. uutorvi. 'fcr'ilFai w a wb of cu(lin"S, embankments and obtaining stone and gravel, may take as innch moteJand as may Do iicxcspary-w-tne-'H-fHMium-nu.a -iritv f snwl roads: Provided Iwwcvrr that all damages that may be occa sioncd to any person or-persons, or corporation, by the taking of such wrstion in mannerliercafter ptov4dc4r ---r-- XL Me it further tnact&li That the capital sJock of satd ( consist of ten thousand "shares yenHtirflirectienf --the aTjirfjidcaa2iim seven dTiwto7T16nBtjatl1)e hurcaAet Drovtded. who shall hold tin poniUn .huall immediate - shall be e:?tiMl in .r ( fii.ees for one nfanl cmfft,-vew4H4tlauds limatmg lite value or damages, as the case may be, ol said lauds,, they . poratuh7fcn"iin''at8u'fl&V8 warcr tcaU agpiu't'af ;liall have regard to the additional value whictTmaybe conferred upon them meeting; which meeting the directory shall con by the construction' of said road: Provided however, that the party for the vene xe.iiiiiii forty davs .immediately after nch intervention of such jury shall give the adverse party at least Eve dnvs' .request of the stockholder as n foresaid, giving noucc oi ins, ner or ineir niteniion 10 maKc sucn application; ;uit iiiu sain corporation shallj within thirty days from such assessment or valuation, pay to the owner the full amount of the same. ""And the shei TlTiratt : re- and, hid. he not, would not ho have ' ' been univrrsally and justly held re-. sponsible? , I hare ; now (said Mr. C.; oflered all the remarks I intended in rrfer-' . x Jcnceto tae Htleposite, tjuestiou; aad va ' ..... reviewing me wooiagpoond, I roust say, that the Secrclary, in removing the v deposites, has riearty transcended his - i power; tint be has violated the eon tract between the bank and the United ' ili&lehiUajftin he has. deeply tin of our citizens who .have been jn ? viteu.on ue faith pi flip Uovernmcnt,' juire from the jury a written statement of lieir vnluatUm or assessment, iined bv the wlulic of them; which statement of their valuation or a.sehs- 'loent is. hereby required and directed, together with his other proteedings had upon the same, to return to the next terra ot said court; ucul ti ut the , sam road witiuji four rears from the liassaire of clerk thereof is hcrely required to record the said proceedings at full length ,t!iis act, and unless they shall complete the said upon the minutes of sajd cnurti. J'rovided nevertheless, that nothing herein road ns the Narrows of the Yadkin within ten .1 r .a .. -.t itiereoi not les man tinny nays notice in iiie jmbrie newsjtajiers printed in Fayette.viHeHiid in such other mrwspper as-tbeUirectory -.way. deem iidvi-able. XXII.' lit it further tnn-"ted. That Jjnless t!ie said conyiany siiall complete twenty miles of ' :.' ...... .i i . r r .1 . . r contiiined shall prevent the party dissatisfied from the tight of s m tt her nes t t:tc nature. Jealiiiyjjear. from this date, then Jbia act-sbalt i. vm4 auu ol no cd. ctl V rotvtfrtViliat wiclv twfettuf e shall not take away the rMit oft'ie company to of any married woman, infant or person noh coiiq)o8'NTieii(Ts he necessary fur constructing said roads, the. husband of surb iiianied wo-!pletcd at the cud of cither'of t!ie pc-ijods aforc- man ah.d theuardian of such infant or person non compos mentis may re-1 aid. lease all damages in relation to such lands or estates, to-b tnk en and ap-) XV iM'"'''-'-M"d ?s '''""i'nid-. a they might Uu i I' the saine Were lioldca by them! lawful therr own .1 ight'res-'iectively MI. licit further enacted, Tttat it siiall be I for the (ieueral Assembly, st anytime Tie reaTl7TTTiraliirfoTl7re?TtrrTnn ujucMiT.my to jniersfci'Or pc conn fcto own m tnis ciouslyi,. wanUmly wUstruc .limits ot mis atari?.;, . i"flaiwii .11 i ,lin.Mi-". fl."'.''".'"-" tier bod form as said corporation snaii'trccm mosi espeotemj- iwi ior mat auy-.rayipmry rnjure w-eHi-ujjei.y.p.aj liurnoselneTaurco iirtv five feet wide, thnmdi ilie whole length thereof; and for the purpose any person or persons. assisting, aiding or- awtffngTnfRrftrtw BlAij Mc . . , . . . ,. " i c i' ' l . ' i a . .. : I r. r - 1. .. If ...... . I.I . .I..." '.. . r fUoncluiled.J forfeit and pay to said corporation for such offence treble such damages as bliall be. "proven before any justice of the peace or cou- t of record id lliis State having jurisdiction ol the sameTTo T recovcre.(TWah attioh 4f llebl. tbe Sccrctiii'vew thefcrnuiiirnrnrereJewt.. to 'live use of the'c(fr)1tnr'iHid'eehitetHler4r..e9e is notice whether the .tses cited are in thcWtiablc to indirtmpnt within ilu county where such trespass shall "inwe point; ror will I avail nivself of the " ifrraf and Hut it is attempted to vindicate the conduct of dispensable duty to hve removed hiitf to invent their properly in the iustite linn; while, at tire same time, he has" ditepljlujureil the public, In its char ctrof'-'tokhulderund finally, that he his' 'tTinicte'tJeep woua-T0r the " publicjaith. To this last I attribute ihe prespot cmbarraMnVnt in the rur. rency, which has so inj'uriuakj flec!ed all the gnat iatercsta off the country. The carrrncy of the countrv i !. jcredilfef thexnuatr-f cdit in every - Uhane,pblieeud privtei 'credit, nut " wily v me iapo M paper.-batthat ef faiajf..c4 wa z. mtftf threugfTl&e" iisrneT'-whlcli in all iu forms,' the great aoJ mighty cx ciwrigs 4' tbi commercial country, at - -lima and abroad, ftr eRectcd.. To jgJllcLSjyoundj inyjwjicreparlicularl y - on the public faith, Is Jo Jmb.irrai alt tW diitnfls ewfveitey aml : exchanr- - - d r WHjHiUejle vCjnUli or. 8 . of tlol 1 art f i-nnr rCTntmr-ti!if"'ri'bi' te-thi t . contrary to the before recited proviiisaiid upon cuuvic-, striking advantage that I luigtil l.ave u" tt-.e rpcs i ued or mipi isonetl at ihcniiSCiveuen4lt UlU'COurL. rtmirtteed !)cen committed torn tliercol be lined or mil X. Ik it TuriKiit ' airtcr That ttic stockliolders'of said conraratioll "butt,i'tin'ci"trouOrf iTtfrcra. There is none similar to it on the first Monday win November, iji eacTf and every vear, hold, in tlie 'intniagnitude.an.l importance. I waive all that; I Iiia7IiCTa.vjet.tev inr;-atrnmmi-w-tyte.rnt jc altered to-any other day bv saiI stock ion, in n tieiiuerative asieuioiy, mere js iHitdergrn5jnrfty-tberrof4mnw . i -i . i . !. i i-i . tii. -ii mettr a"iH beticve to the contrary -if I tSonol, that any great and permancqt dUtrcas Wr;ratfTifTTcff Tcftfnwrt-mnditr uiv- : . i . ii, . n m rejumr ami Jegii manner the pre mtf, any otlicr bank f the Witt l!iii.lwMilieclL.BiL.eMeBce of: ihetIatigerduspoeTo -and to rbnexteiit, an argument egainat ' us ex.stencciDu.t, as it is, 1 regard the metagmst the lWk-,--but ftn-r8ru- 1 - v. . - :-"-t 1, , .-.,?.v1.-.i.l jI." T. l;.l 4 ltT7.. t d .-.v.. i in. fVi 'f tui fY- liTlV n -n'irU nn.Hl-. Hrniiui-ill lniiikt imv I 1 at ct,r- . IrAniltilllt dim-sS the sfe uiuw .. i. ii r r . r , ... . i .... i ..el. .i. .: : i i -n- ... i t..uc... i. ...., i.. .,;..r..f.,... .( ii flu .,vw v imnvr nil iiieDiri iti inn tors so ciecieu, suiii nm;omi ineir nresmeni hiiii oiner omcei , as is nei em i uirm w.irani c n. ina.c i i . . !. - .1 A. . II , I . I I .1 f . w 4-t (....- .. .- . .. .. .. . . . . . a . tV.lVM tl. Ull ITIIIUJI I Bunivn I nri-inii n.-r.n.l. .I Ihi m-FM- lr.win it rnrTix i nrh t-rnnnittnr nr elnrt hnlilir ,rir-ln hii tun : Llllizilillllittl ll HI-illUTTVU Z nnn IV uvm .. . . "-.4 ii.wii nrisiiie.ll Ol mi' mraiu, iviiv o.i.i. ........ uv. ....-r.... .... , .... ... .- - - .r . , . . . t i.-.--te-tt..- "i'" ',; s.;, directors shall have authorUj to "clioasc a clerk, who shall share owned in said corporation, shall be entitled to one vote for every -nMule-tn-taenia? oj the untie vmlnaetea WW ' j V " Veon fiaaJgafeWj- isf. .ihe -ueovlr an t the l?"i'a(t'rf: the bifre4frn ef . "v " resiorca. i tie osnks wli- over twenty, and not e xceed in". IhotccMi gelwSa tft execution tf Ihe htitVSiicXi', .r fifty, and not' exceeding vonej in my opinion, is the relative lorce of law and es over one hundred, and not ex- constitution on one side, as compared With pre- pverv ten nhnes over fwri lnin-i cedents on the other. Viewed in a u uereni . . I . ii. . ....in.. .1 nmnnttiii-iiii iv ti.iiic:ii.'i nr uif'ir ill r I. iiiiit viili- . f I I lull, liiul uu uiil nui niiivi ul aivLni uinii on I ul li ' "m"'i ........ . - - MtWiiDg.arenereuyauijio e., ,m ...u,,....,, . ... ..... ....... r r7. - . . f , ' r,ik.ru .k.,i i. rl bit ti. the conduct of the ollWr. I am disnosed to 11 LILill ill 1119 ' 11 'i.' 'UV til Ull t. Hi .(!- sa -Liiv. w nri w uuui u V i vi dikiii j,i ' - - - . r , J nd provided (J.HO,ihni nothinghercin contained shall bceonstrned an v sfocRnfftuer tneam ctM'poration irom voting in genera- inceun. VI lit.it further enacted. That if said rail road, or an v of 'ir. nr nrivntc- wnv. Ihn Kn'id cornnr.i1.inn shnll a trivial cnf, in a CBSC not calculated lo fXcitC n'liuoi putt" ..... i - - - I j. j .. .. . i .... . i . r i -i i i. l. . .. . e ... rinnlinii A i.n,i,, minhl riHif KTrties himpli nn so construct saiu rail roans, or lnase sucn provisions ior crossing-sam,"-" ... ..v . be sworn to ttie lairaiai vi&voa. y 7 ,T "r - : I T, 77 - give bond p the corporation, with gcW.J to the s-:.f..:n of .ti.c y .rcc- twenty, three votes; for every ten shares ?.. j.C..- iL K .n wpnTv ihoiisand do -am. i,i ihe f;:.(hful dts- fifty, two votes; for every too shares ov .iS?r i:, -ml ahnll also take and aubscriba a m& of oClec. hundred, one vote; for every twenty shar Q . . .1 fl.l a .t. . !.l . . ! .1: i .. un r..r A I rtlnrl in i Ui till Till mil i K I'll Vllf AC f nllll fllT of ill lie it further cnactC'J, lliaituc rresnieiic-ai.u uin--.un tvi mi illUu1S.i.. , .... .... aaryin t 4n ia ti.Aanrir iiflhn cornoratlll Cr rtfi nnr. in case artTBuliScribtro46tocUiollvr hlilJ 111' IV jL : . - ' i. il.. it... agents, to exercise all tlic poweiTnerein-graiiteti w to c jwiaumi, i.i mc Ueatinir. -ronstruetiiiz and completing said riiil roads, and all J - . . .. "r .. it. - -1,'. such other powers and authority for the cflectual prosecution of the uiurer takiiiit hereby intended to be effected, and for the managen.ehtrof the af fairs of the corporation not heretolore -granted, as may uc necessary ecu proper lo carry into ettect the object of this grant; to purchase and bold lands, materials and other necessary things in the name of the corporation, for the use of said roads; to make such equal assessments lrmn time to itue, Antl 4H .lorMiaauid cornoration.ns they may deem expedient and neees- ithe pion-ressand execution ol tne worK.ana uirect inc i:.e m ue piiu treasurer of the corporation, and to require the treasurer to give notice loct n. l,U nep9me.nt for tlie snace of surer as aforesaid, the directors may order the treasurer to sell such share or shares at auction at some public place, after giving at least ten days' pub lic notice of such sale, and the day and place at which said sale shall take placet and the person being the highest bidder for such share or shares, is hereby declared to be the proper owner thereof, and the same shall be traiis ferreif accordinMyr and such delinqot ulscrily r stockholder shall be holden accountable to the corporation for tha balance, if his share or shares shall sell for less than the assessment due thereon, with interest and costs of sale, and shall be entitled to the overplus, if the same sliail sell for more than the assessment, interest and costs of sale as aforesaid i rovid. ed, that no assessment shall be made or laid ou? any, share exceeding the whole, amount of such share or shares. ,"7" . , IV It, it further enacted. That th said corporation sliall have power and authority t make, rdain and cstabliskallsacb bye laws, rules and regu lations and ordinances,, P they shall deem expedient ami necessary to ,ine nf thiact. and for tha well ordenng, regolatnig and securing 'tr.fc interest and "aDairsof this corpomiorir-irwfc-rrf . . . .1. . i f .. i : iber of shares:. "u to the conduct ol tne oiueer, I am uispoae'i to iied-t)H!.vetii!sb!o rather more weiglit to precedents, when the ting by proxyJ lIK's'l,ori relates To aii excuse ;or apolrOT fur the oMls lateral olTicer, io case bflnfi -'action. If thetnfraetion be n j m.. -- . ... P - " " " j . , , . 7 ... . . public or privabway, as shall not obstruct the easy passage of such way! the eruuntl of precedent; but. in one like thu, or or ways. . .... ,., Itho ulraost magnitude, involving the .highest y .m . . m am v a ft a n I nt nc at nmt nincf imnnfliinf "'iS't-i fill' UlTi rs All Ha i ftrrl hr vrtM Art I hit 1 in Stftf nf nri Tl I n rftl l II fi film HO nvsua-.a ku -wav ''v'- l" l" ---J cntiHed tn,- ami have preference to subscribc-for two-fifths of 4hc capital lhe attcmion of theefficcr niest be aroused lo a, cinl- l,r;n i.Kf.. nntkoriwd in h rronfnd nnd i.wnfil hv s.d.l roino. aiion.' most careful examination,- l.t cannot avail lum- and in like manner shall be entitled to two-fifths of the Increased amount lf of the plea of precedent to excuse bis conduct. orcpitarttot which the State shall or may own in iaid corporation, shall, at the general rec'ett nd. not ff'' An oOiccr ought o le meetings of said stockholders, be represented by an authorised agent, ap.!f?,ieme' ' ,n HUch "e' -:!"elPt "nK pointed in such manner as the Legislature shaif fmm time to time direct; co.Muict fargeor violating law or con and such agent shall be entitled in the general meetings aforesaid to two.,l'!utlt;n lM-M;W V-- pr.nrip e fifths of the whole number of votes,- and no more. , " is oUu. If the Secretary's right -XlUr-Ik it further enacted, That the )mm incorporated brthitv-act, w or a majority of them, are hereby authorised and directed to call the firstlf wr "J0. " "f ltcdent Jo vindicate ;.ir.tnf;.1n- , .,i.,n nft,. Krf ir tiwi Wi.tlr,, .btj--If nutJiC oughl not m a case of so inuvh pubHbbedin FayetteviHe, Salisbury, Grccnsborough, Italeigh and ViI..",!,1-!,lt,ud- ,,a.v,e.f tc'' I viot-'binr''wis'Wceuaat to the laws and jCototUBtioiCof tlusJBtotetaaieifflshsliwtbe o oflice asdireclors. for a longer period thatheirnnnal ?. L-y;i Jljf h'ilhet fnftetfd, 'Tl'" o1T'tv'' and is hereby granted and es-j general meeting tWleTierdrandT tabHshed (utbe sole benefit oFsanTcwporatiio which time a nevV election shalf take place byihe pcrly'of anr description, which may be conveyed or transported upon said mil mniUat such rates tier mile, and by; the ton or hundred, as may be agreed upon and established from time to time .by the directory aforesaid. Tho i traiisp the form of cars and carnages, and weight of loads, and all other matters and" things relating to the use of said roads, shall be in conformity to such tales am? regulations as said directory shall from time to tinie prescribe and ,Iiirti nflHhaiTbeentiS.ed-to reciveTtiuflcmanirtoTTnb folio win"- rates, vix. foir cenU per ton per mile for toll on property, goods or merchandize, the Ireigtit oi which w usuany uu.u vj uiv louoi i thousand pounds, for transportation, and not exceeding six cents a mile for each passenger, until the nett profits arising from tho charges for trans portation shall amount to a sura equal to the capital stock expended, with iix per ceetoiu-Intiu'pstHhcreotiJrornLibe; time the money was advanced f the stockholders of Said corporation usui rcceivcti tnt-. um jiium, .' iBl.ftntKnnntfnrftfita received as aforesaid .shall have Amounted to a sum equal to the capital stock expended, with six per centum interest tlwre on as aforesaid, then the charges for transportation shall be so regulated by f said corporation, as shall not exceed uptifftbervholerapital stoctexpeBd. ed, after deducting all charges ami expenses whatever for keeping said I roads in repair and forotbee purmwtea or the use of said roac s, sevcn )cr f centum interest upon the whole capital stock expended by said corporation fas aforesaid, ' ,.-... -... ..v,...,. I Vf. Ik it funk enneted. Thai the director aforesaid !or the time be- I. . y " , . . I I' I. I I ing are herebyauthorised tocrecttoll gates ami locsiaousu -Yar.inju-.c aoo such other buddings, as they may deem necessary fr the use of said road or roads, and appoint toll keepers and othT agents to attend to the regu lations required by said corporation from time to time, as the work of said foads shall be completed j anVt they abirii the LegtsUttt-e, under oath, f theirCts nnd do:ngs,of t!inr receii.ts and expcndUures, under the' provisions of thu act; and.thf ir hooks MJa.l at all times be open to the inspection of any-coiiiinittec of the legislature a pointed for that purpose; and if said corporation shall neglect or refuse to make such report at tho Oeneral Assembly in each and every year, for every such Mglect or refusal said corporation vhlll be liable to pay, to the se af tb s 8tate, a sum not exceeding ten thpusandjlollars, to be recovered Jttpoon action of debt in the name of the Goverhor of the State for tlie me being, in any court of record -fifltuslate. -. 1 . !, l , VII. He it furilicr enacted, That said ppf poratioo shall be holden topay all napiAgos that may arise to any person or persons, ftprpora tion or :. corpo rafioaa, bytaking their larJ -aldlraU roadg and when said lands can- stock, at such time, place or places, a i tlic directors of said corporation shall lor may deenrproperj oti if deemed most advisable such directors may sell such increased shares ot the capital stock as may be required to extend said road or roads, as hereinafter directed,' or acquire said capital, or any ot the stock ot the corpo- puorislieU in fayettevinc, saiisuury, urcensoorougn, uateigii anu v n-r. - , ...I... i . . e a, I i c i .- ii ij I have not. -said ilr. Cainoun, touilieil a qucs- mington, of the time, place and purpose uf such meetings, at least -ten L. - . : ,i ' t . . ! - '.., ' i 3 ip i 1 -. .i 1iou which has had so prominent a wart in the de- Lays ueioremc time menuoneu in men novice aim wn.cn- n-ecu. g tne xvhMriUe withhold..,- the de.m.sisivs- the act of the" Secretary or the I,reidetit.lf Un der tny view of- the i.ttUjcctr--tHJS ,.qurstioa t lot of the slightest im ports nre It is equally unnu thori.ud and illegal, whether done hy IVesideiit or Secretary; but, as the 'tuestion has been tz- ;fatc'd?f''ariHy.iisdoOT ... ... f .1. .t . 1 . I ... .. it. - .! .1 ...I .! I- on tni. point, wun inose auvncaiiiig me iue which I dn, t diLTem'Trirue to Ifanknerto express myj persons iiicoi jxirated as aforesaid (a' majority .thereof, being; picse.utVbhall elect seven directors; which directors shall organize, a board, as is liercin before directed,-fiw the purpose of opening books of subscription for the reccntioiV ol suUscrn-crs tolhe canTtat" stock "ufEafd xorooi'atioTrr-and-fjr such other purposes as may fand shall be necessary for the regular organi sation of the affairs-of the cflectloiJiis acti yovwed, however, that the directors elected at said nrst stockholders, as is herein before directed by this act. XIV. Be il further enacted, Thatin addition to the capital stock herein be fore authorised by this act, the said corporation, lor the purpospol extending gatdritUi:ofl4:sn4t? authorised to jucrcase and add to tlic capital 'stock '-aforesaid, asum mirexceedihg CvouudrH Wuii and dollars, in shares of fifty dollars each ;and the stockholders of said cor poration, in general mectingshaU have power to direct books of BUbscrip- tioiOo uc"rrf;cncaiarrc part thereof, by loan, and may pledge the scrip ration asjcoUatefalse.curi rectors may decin necessary to make, to effect the t-bjccts of this act. : XV. Beit further enacted. That said corporation is hereby authorised to extend said rail road, and any of its lateral ways, to such point or points iu the counties of Mecklenburg and Lincoln, as -thai I and may be found advisable also any point or points Witlitu the direction of Salisbury, States ville and Wilkesborpugh, and by "any other lateral roads, so as to embrace and penetrate Ilandolphj- Guilford, Snd Ilockiugham and-Stokes counties. - XVI. Beit further enacted, JThat the president and directors aforesaid shall prescribe the form' of the certificate or evidence' of stock in said cor poration j which shall Designed by the prcsurcht ami countersigned by;the treasurer thereof, and shall prescribe' the manner of transferring said cer tificate of. stock, and of making the lame assignable. ! ';'--'. ; ?' XVII. Ik it furthcrentictedJVl.zt said directors may put aaid road, of any part thereof, in operation as soon as the same may be completed, and scmi-annually'sha'l tjeclare dividend out of an y nctt profits, or any por tion thereof, as may bo deemed advisable, and the same pay Over to each atoekhoJdeHBpropnrtionto M fy'bfrcs' ."'' :- -i XViU-i Beit further ecei,Tliat where it fchall become nccessar-J to: erect bridges for the use of said rWd or roads across any river, saiddireo toryshalljiave authority so to construct such bridge or bridges as shall admit; of being used by travellers and for neighborhood use, and may ask, demand and receive tolls for crossing the samei Provided,' that the rate of toll shall not exceed- tho prices charged by the ferrieson such riverejnor shall tollte charged Cor persons and passengers on the rail road car. ' - XIX. Be it further enacted? thz it shall be lawful for sa'nl directory to receive donations, borrow money, and secure the payment of. tho same by a p!cdgc of the pjoprrty of the corporation aad make nnd issue evident HI)-. ich ' ' the public faith, and in violation of law will r.eyer be permitted to ei.jfoy ihcir . spoils in quiet. No one who regard. the subject iu the light in which! A&, can evor jive hi sinctron to any law intended to protect or carry through " tlie present-illegal-errangementr on . - - -therentrar all such must feefbonnd : ' to wngii perpetuaP war against "an usurpation , of . power so flgranl r.s that which rontnds thepresent depositcs of the public mnnry. If stand alone, (atidi Mr. Calhoun I at least trill - continue to main-aiu the contest, so longM I femin4 public life. - As rraiiortant iYsaid Mr. C ) as I consider the -question of thd deposilcs, to alt itr beavingr jptiblic d private, "' it is one on the surface- a mere pre text to another and one greatly more 1 important which lies bene ath. and which must be taken into consideration, to UnderM cir ; ' cumita ry transaction. It it fe.lt and 'ac- knowledjed on all fides that there i " ' another and a deeper- question; which hat : excited the profound a conation and ;- " ' alarra wliicirneryadcslhe countpv. - - - - - if we are tor believe what we heap from the airvncates of the admintufra- lion. We would believe at olielime that the real question was. JIank or do Hank: ; at another, that the question was be- Iwcen the. United States Iknk fcnd tha SfateslLiiktf'tnd 'Snafljfj'-thaf itiwas a slcugglciKLlhe partfil the edmintration seniimenjs i;.:.-. Inn I hnv no douM that the President remOveiUt-' 5!,'ntlhct:ncro3chmentB ti the the former Kecreiary, ami ptacetl the. present in I General Government The sdminia. hi idace. expressly with a vip w lo the removal of "nn ths guardians and defenders of ihe . . . . - - . . - . . ... i the depuiteH, 1 am equally clear, utfef ; all, the 4k4lM.ld4WSj conduct is v boUv indefensible snd aouiiig other objecVioHSiJ fear he liad in view, in the-reuiovaf. . i . .. i. an otiieci cimnentiv dangerous anu unroiis-nii- rightsof tho States! '"What shall I rail it? audactiyor hypo;crit? "The author Afthl-ructaMation'fth'u'afdia'ill'SnJ -rltrf.-O.t.?.:'f:lhe:8tates! Tint authors of the: War Messan-; a- tiotial- tri;euadvaiTO2TT confederacy intended by the Constitution a. power iiiTcndcd as a shield, to protect the Kxecotive against th enc roach-mint 1 the Jegihlalivo department to inauitai gerou -th4 intain the present ftate of thing agitiim dan ous or J'aK'y innovation, but which, 1 fear is, tmTeiscptilei defend tlie usurpation ol tne T ICxecotivei-1 nay t iar, tr although the circumsrance f-1htsase 4esH4 a just ' apprehension that such i the intention, 1 will not permit -timed to assert mat sucn is tne fact that so lawless and unctj-M.mutionat an tui . . ject is contemplated by thei'residvbt, till his act shatrcotYipcT me to believe to the contrary. , isut, while I thus severely condemn the conduct of the PresiJontiin removing tjie former, Secretary and : .1 . . ' . I ....... ..... .1. . . I- L appointing me prcaciu, i iimii nj, torn rn my ftpinin it is a case ot the al-u-je and not the ti&ur- pation of power. . 1 cannot iiouut mat ti;e t'leni- dent has, underthd constitution, the right of re moval from oliice: nnr can ijjouut that the-pew: er of temoval, -wherever it exists, -does. fromnc, . cessity. Involve the power of general supervision; nor can I dooot thet It w;'M be-constitutionally exer'cise.nu reference to the deposit es. Ilevcrse the present casesuppose the late Scctetary. irt ; stjad of being against,, had been In fayr, of Ihe removal, and that the President, instead offer, had Open against it, deeming the removal not only inexpedient, - bul, under circumstaiicc illegal; would any man doubr, that under such circum stances, he had a right to' remove his Secretary, if it were the only "means cf preventing the rcmo val of the deposits? Nay would it nut be his in- .1 II ..r.l.a.l I. t. I .ii'mIT" Hieuuuiun hi - no - uionoy oih tne guar- iliannndilefeniJers of the rights of the SiiAesl ' This a struggle : for State' rlslit! ( No, Sir, State rights arc no more. The struggle nver for Ihe preefrtr-'THe tilt vf the last Tsionr ' nhich r-stcd 'tn the Goveinme'nt the ry.t.t."tf Judging T. (he extent of lis pmyers, finally and conclusively, nod " gsve ft the right of enforcing its judg ments by the. sword, destroy), all dis-. tinctioil between dfllegaled and rcscr ved rights concentrated in the Govern ment tho entire power pf the system, and prostrated (he Staffs sgpeor and helpV8.cqrporations at the foot of this . sovereignty. . ..... Nor is it more true that the real qucs--lion Is lian or-no Hmk. Taking' the depoaite question in the broadest acnMS-suppivse,, n it is contended by the fricnils cf the administration, that it involves' tlie question of the renewal if the cirter, ondkconseqaently the cx -isterfife tif the Hank itsc! ft still the bank- Inj-f system would stand, nlmest un- touenca anu unimpi,rrti. t'our r.un drcd banks would still remain scatter ed over this wide republic, and on. ilo ruins of the United States Ibuk, many ; would rise to be added to the present list. Under this aspect of the sul jecr, the oi)ly possible question that ttul l
The North-Carolina Star (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 20, 1834, edition 1
1
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