Newspapers / The Charlotte Observer (Charlotte, … / Nov. 20, 1874, edition 1 / Page 1
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rrJMMMiwiiiiiiwii- .-- - "' '' ,riiM'u' ' ! r.v ; i i , , , ;i, t , - .'.v.: T;.', :. 4 VW" - . CHARLOTTE, N. C, Fill DAY, NOVEMBER 20, 1871 ' ' ' . - , 1 '.. ViV&jK.. $ SMITH. ifi!'ni'tT"f fit viiior. i i " . . -- - - l FALL TRADE MW ase Mrts ami Shoes TO BE SOLD AT THE BOOT AND SHOE HOUSE SMITH & FORBES, Try on Street, CHARLOTTE, Jf.C., Nearly opposite Central Hotel. WITHIN ,e next 1&&:aVw Intend to nell a large Stock of Hen', Women's Mdnfactured 'Expressly to Our Own Order. Merchants fb Charlotte; ia relj aa thoae tne suiroonding coantr-, will find It to their K,d vantage to call and examine oar stock toefbre parchasin' elsewhere. We mmn to tell Good as low as any houae in New York, Boston, or Baltimore, with freight a4ded. Tbey can alwaya save the. expense of a trip NortK bi bayrn fiom our hooiie; f ; ; I'f ' 11 : - f ij. 'i ,-&XXB ftltBIUB8, se3-ly .. . avoten ih First National Baixk andBank of Mecklenburg. R. D. WADE. FALL TRADE 1874. TO THE if. w E ARE NOW OFFERING TO PURCHASERS unparalelled inducements to buy their Boots, Shoes, Hats, Trunks, &c, AT OUR , ' , -I.!'- - . Coo', uiul Shoe Establishment, in 1st National Bank Buildiuff. Opposite Central Hotel, Tryon St., Charlotte, N. C. - WE keep the only strictly Retail Boot and Shoe Store,? to. be found in the city, and hnving bought our goods exclusively for CASH, in such quantities as to command 1 low prices we natter ourselves that we cannot be undersold: in the South. Call and eens, and we will satisfy you that we have the best stock of goods ever offered to the RETAIL TRADE. ... , . WADE A.pEGBAM. Ot-tl-tf. - -v-- - ' FATE ALEXANDER IS STILL ALIVE, AND IS ONE OF THE FIRM OF ALEXANDER, SEIGLE & CO., Who have a Large arjd Well-selected Stock of DRY GOODS, &c, Bought direct from Manafaclurers ana Importers for cash, embracing Dress Goods, all colors and styles; an elegant line of Black Alpacas, White and Colored Flannels, Ladies' and Misses' Furs. Ladies' Fancy Neck?Tes "cripiion, Embroideries-Real and Imitation Napkio?, Irish Linepfw Bleached and Brown Shirtihga and Sheetings, Ladies' and Gents' Furnishing Good. In sltdrl, eVervthinjr to be found in a general Mock f Dry Godd9. Also, BooU, Shoes, HatsOClotbinc. Oil Carpets, Table Oilcloths, HoBse Famishing Oooda, inclnding Gilt and Walnut Mouldings. Respectfully, Alexander, oc'28 MRS. P. QUERY, Has the Largest and Finest stock of HILLINERY AND FANCY GOODS in the State. Call and see her. CHARLOTTE, COLUMBIA & AUGUSTA R.R. CharlotteAgency, Oct. 20th, 1874. The Charlotte, Columbia. & Augusta Railroad INVITES the attention of all Merchants and Cotton Shippers in Charlotte, and npon the toads connecting there, to the extraordinary advantages of connections with all Northern Points and South Atlantic !ea Ports enjoyed over its lines. t. The CreafAtlanticCoast Line via Columbia, Wilmington and Portsmouth to Raltimore, Daily, Insurance i per cent. Philadelphia, Daily, Insured. RW YORK, MONDAY, WEDNESDAY, THURSDAY, SATURDAY INSURANCE i PER CENT. BOSTON TUESDAYS AND FRIDAYS, INSURANCE i PER CENT. PROVIDENCE. WEDNESDAYS AND aATtfRDAYff: ' to. urdayn tiy way Wilmington ami Direct Steam Insurance i per cent. PHILADELPHIA, EVERY WEDNESDAY, INSURANCES PER CENT. NEW YORK WEDNESDAYS AND SATURDAYS, INSURANCE EQUALIZED TO THAT OF NORFOLK. in the Charles ton Line to Baltimore, l" PHILADELPHIA EVERY FRIDAY. TO NEW YORK, TUESDAYS, THURS DAYS AND SATURD AYS, TO B03TON, EVERY SATURDAY". THE unrivalled 8team Line faeijitiesof the three Ports of Portsmomth,. Wilmington Kii'l Charleston, and the combined equipments of the C. C, & A;,' WO. & A, and other Tuh, enable us to bid foi cotton and all other merchandise in unlimited quantities, and ' assure our patrons QfaboUifceJ'reedQm from detention. ; r.l:? :r"-j ni'f : - Hon. R. E. BBtixflMJ. - jaCiWiCtu t,l;l-ilJWnUdIillagef.', Vo1- JohnB.'Palmeb, - j - - . President. as. Andkrsow. -.sr.K-- - T-i- -' Pope, . i m-a . hi.: Sfil 2 i' r Housed PARTICULAR attention paid to Frescofri rescoiMtun W.S.FORBES. FOR 1874. S. PEG RAM. PUBLIC. Ribbons, Beaded Gimps, Belts of eye! dfM lAces.ShiwJg, Table Da mask j Towels nd1 Seigle & Co., TRADE STREET. Line to Baltimore, Wednesdays and Sat- f tf Weekly. - .. General auDenntendent. 1 , ; , . uen i JTreignt Agent. ; W. W. PEGRAM, Agent it; ill :. ivi ..i .! a um-uta ail m; archefjajRTonaHwWi throughout th HE HEW YOBE.TBUBXJSX "THE LEADING AMERICAN . NEWSPAPER." FOUNDED BY HORACE GREELEY. la the recent elections the people have declared io favor of honesty inpolitica and independence in journalism. . The Tbibunk, which years ago declared that it was not and never more would be a. party organ, claims the verdict, as the popular vindication of Us coarse, and recognizes in the result the voice of the people for reform .and integrity in government, for candor and independence among newspapers. During the campaign which has just closed the TatBCMka fairy maintained its right to the title of the '-Leading American Newspaper." This position it has earned and retains for the following, among others reasons : It publishes all the news, earlier, more fully, and more intelligently than any other paper. It insists , on peace tbroaghout-the whole country, the right of local self-government, and the protection of all clauses in the exer cise of their just and legal rights. It advocate8coufideuce and good feeling between North and South,1 and labors for an honest and abiding reconciliation. It maintains fairness and candor toward all public men , and -qnestioos, and dignity and coiir':y toward 'associate and rival. It publiuues scientific new, reports, dis cussions and discoveries to a degree of ful ness and accuracy never before attained by any paper.. It gives every week ten or more columns of the most carefally prepared agricultural matter daring the year, much more in the aggregate than the entire contents of any other agricultural publication, and the whole forming a department of which an eminent agricultural editor said : ?'It has done more to make good farmers than any other influence which ever existed." It has published a series of scientific and literary extras which bate met a wider sale and more emphatic popular approval than similar publication, of the kind. WHAT THE SOUTHERN PRESS SAY OF THE TRIBUNE. We consider the Tkibunk a very valuable paper. Asheville (N. C) Citizen. The New York Tbibowi, in its faithful and searching exposure &l outrage slanders on Alabama and other States, has done im mense service to troth and justice. Macon (Ga.) Telegraph and Messenger- We thank the New York Tribukk for its manly and powerful words in demanding justice for the people of Alabama. Mont gomery (Ala.) News. 11161)681 newspaper In the world is the New Yortc Tkib0NK. It combines the dig nity and sagacity of the London Times wtth the representative news enterprise of Amer ica. Baltimore Bulletin. A paper to be admired for its indepen dence of tone and its reliability of news. Episcopal Methodist, Baltimore, Md. Any ene who wants a first-class paper which keeps fully up with the times in liter ature, science and art, should subscribe for the Tbibcne. Spartanburg (S. C.) Caro lina Spartan. The imperial sheet of the world. The New York TBiBrjWK.Tbe Jacksonville (Fla ) New South. We regard it as the best paper, all in all, pahlished in the United States. Morris town (Tenn.) Gazette. Today the New York TatBUKc is un doubtedly the first of American newspape rs ; whatever may be said of its rivals, it has cluarly wwi precedence of alt; and vpry cred itably dues it represent the journalism of the country. While dealing, with' all the topics coming within the range of a newspa per, the Tribcx roaks 'a - specialty of the great' subject of agriculture. It becomes iherefore a matter ol Vital importance to the country that the direction of the ideas of this vast section -should be in able and conscientious hands; and a matter for con gratulation that the farmer's aewspaper par excellence has the high standing of the Tribune. The (N. Y.) South. The New York Tribune is doing a great work in popularizing Science, by the pub lication of cheap extras to that great daily. NM)ur,Monthy, Clinton, S. C. American newspaper, enterprise a proua bly at this time more fully illustrated in the daily issues of the New York Tbiboki than in any other jouraaLWUmington Star. Unequaled in col tore, dignity, compre hensive, breadth, polish of expression and in tellectual ; fettered by no , party ties, bolted indecencies of speech and hyttesic with no wild sensations. Raleigh, N. O Agricul tural Journal. Surely the paper has maintained success fully the high popularity which he bequeath ed it, and the name of an ably conducted and independent journal, which it now deserves even more justly then at any time during Mr. Greeley's life. Petersburg (Va.) Index and Appeal. TERMS OF THE TRIBUNE. Daily, by mail, $10 per year ; Semi- Weekly, $3 per year ; five copies, 92 50. i Weekly, $2 per year ; ten ucppjestJL2 eacnf twent copies $1 10 each. Postage in all cases is paid by the Tribcjie, and papers addressed to eaeb sub scriber, without extra charge. Aeents wanted in every town, to whom liberal cash commissions will be paid. r , Specimen wdopie9 circulars and' posters free. Address, , ... . , I THE TRIBUNE, nov 19 ,New York. ,, TRUST SALE. -TY Virtue oC Deeds of Trust to me made. Jj I will sett atrublidvisaJet th'CoTirt House door in Charlotte on the 24th day of November next, the same being Tuesday-'of the superior vourt, tne loiiowtng ujty: nop ertyviz jFout unimproved lots, lying'ori hth; Eleventh and Cemetery Streetsl op- ' Also, two acxeTof land, lvine on the Caro lina' Central ?Railw4yVawithi the improve- mepta thereon, embracing' - the nhopa, 'Ten- I incu boiUr RtKnaacmnery, Trnowtt' aa .tne liMfcklenbarg Spoke and Handle Factory.' monev. 1tle reserved until pfimmt - of purchase tept 11 oaw t Trustee. KEITIOVAI JJLIAS, COHEN & RQESSLEB, Invite their friends and customers to call and examine their new and beautiful store, which is acknowledged by alii to be the Finest and Largest in the State, and. at the same time, a stock of goods that cannot be surpassed. Io addition to a full line of Foreign and Domestic Dry Goods, Beady ISade ClotlU a?, Boots and Shoes, Hats and ' " . -". . ;W, v-i ... Kodoiisv3roceries and We have in stoxe, a. great assortment of Ingrain, Three Ply ad Bfussel's Carpeting. Bugs and House ilmdibiag ArtldesVsnKed "tothe wants &t tb f - ; i.' ; RETAIL TSADB and Wholesale bnyers wffl find the Largest and beat Selected Stock of General Merchandise to choose from, at Prices that will pay to ex amine. Call and see us, at Masonic Temple Building. ELLAS, .COHEN JfcROESSLER. oct20 ly. FULL line of imported and domestic Ci gars, the best on the market, at junel6 McADEN'f DRUG STORE. The Charlotte Obserrer. PCTBIilSHaD BT Charles It. Jones. Proorletor. Office, Springs' Building, Trade Street. rates or suBscBtnibv. Dallv One vear in advanna. '1 ' 17 OO 8ix months, m advance,:.. 3 50 Three Months, in advance...:.............. I 75 One month, in advance,:......., 60 weekly, one vear.. 2.00 Subscribers will please look out for Jie cross mark on their papers. They are thus notified that their term of subscrio- tion has expired ; and are respectfully re quested to renew at once. RATES OF ADVERTISING. One Square one time -$1 00 two days... 1 50 three days....... 2 00 four days 2 50 five days..... 3 00 one week... 3 50 two weeks 5 00 three weeks 6 50 one month 8 08 (i ii S" Contract Advertisements taken at proporionately low rates. Five" Squares, estimated ai a quarter-col-1 uuxu, auu veil squares as a nau-ooiumn. CITY BULLETIN. Our streets are crowded daily with cotton wagons and othets freighted with produce. Can in and settle your subscription to Tb Observer when yon come to the city. We skirmished around yesterday evening after items to little purpose. Everybody seemed to be deaf to our appeal for news. An individual whose name we did not learn entertained quite a crowd in front of the Central Hotel last night with a political speech, whichas somewhat mixed, It is now confidently believed that the Carolina Central Railroad will be finished to Charlotte by the :Wilmtngton Fair, which comes off on the lStb, December, proximo. We have received VoL 1, No, if, of the Mt. Airy Watchman, a weekly newspaper just started' It presents a neat appearance, and Is well filled with interesting matter. We wish it every possible success. We surrender most of our available space this, morning to the publication of Governor Brogden's message, which was delivered to the two houses of the Legislature day before yesterday.. Several articles prepared for this paper, are necessarily crowded out. Tbt Season. The Indian summer, which has been of uonsual duration, is now probably in its last stage. Latterly,the wor summer wonld scarcely apply, for we have for some days past bad something of the nip of the winter. The haziness peculiar to the season has, however, continued without interruption. For six or eight weeks there has been noth ing that could property be described as rata. Only a few brief sprinkles. The earth is cMsequently as arid as a desert and the at mosphere has become filled with dust an almost impalpable powder which makes its way into -e?erytbfng. We inale M with every breath. This was true when written, but a light drizzling rain which fell most of the day yesterday made us think of the near approach of winter. Charlotte as a Cotton Market. The actual statistics show that this city is the leading cotton market in the State of North Carolina, and this prestiee is gradual ly giving us a commercial importance which nothing else could do. With the completion of the Carolina Central railroad it will soon claim to rank with our sea coast cities. Dur ing the year ending the 30th September, the City of Charlotte actually bought and sold forty thousand bales of the staple, and judg ing by the receipts up to this time, , we will exceed those, figures , the present year. The outlook is exceedingly: promising just now. Gone, ; ' Ye local was suddenly called day before yesterday to attend Wflkei onxt as a wit- mess In the case of jthe tate ts Elltott, for the kflling of young ; Neal, in Statesville last IJTeprjjary. . we mourn jver nis aoaence, and like Rachael oloid, refuse to be; com Jbrtod,, because ye local Is not. One of the saddest featureaeonnected with hie ? absence just now, Is the fact that we have ' two nai organs' In iheeity and our- local particularly delight In the oothini atrainaf the hand organ. The Alr-Une Complications Failure of the Compromise. The Atlanta Constitution, of Sunday, has the following concerning the Air-Line Rail road and it's troubles : "We have again to report that the atti tude, of things at the Air Line Road remains unchanged, excepting that .bad, feeling, , and dissensions are now spreading among the employees. As was stated in yesterday's Constitution a plajfl of compromise was stat ed, . but unfortanatejy for tie peace of road, it harcornfr to naught The compro mise coatetaplarted a general change in the trmnagementpf the road. The details would probably isave .been agreed upon had not the parties broken -dowq at the very outset, that is in the selection f a man who would economically and Impartially administer the affairs of , the road. Some eieht or nine gentlemea were proposed first by one side and then y :f be other. All suggested by the Wellford party were oHjcfel to by the Hoyt side on the ground that they -.-re manifestly in the interest of the bond-h'lders, and wonld so cm"-"t hc 'oad. AH sngest- ed ly the Hoj-t side were o ject d pb vue Wellford party, becaasi they were fiqn&lly strong in the interests ctcck-holders. Couoiutrable time was spent in negotiations of tliii kind which at Lst bud to be broken off without achieving any result. As now nothing remained but to fight it out, the Garner contempt case loomed up again." In consequence of the lateness of the hoar at which time these proceedings took place, and from other causes, the case was again postponed to some future time. m Personal. Mr. Tanner, one of the traveling agents of the Atlanta Herald, called on us yesterday. He represents the Herald in a very prosper ous condition, and we are always glad to hear of such news. Legislative Suhmart. In the Senate to-day Senator Morehead of Guilford pre sided in the absence of President Armfield, who went West last night on legal da ties having as previously annonnced obtained leave of absence for a week. Resolutions concerning the State debt were introduced which lay over under the rules. 1 he reso lutions in regard te Constitutional reform after a running debate of an hour or two participated in by many Senators, it will be seen were adopted. Governor Brog den's Message was read and the Senate then adjourned until to-morrow 11 a. m. - In tee boose to-day representatives Walker of Richmond, Elliott, of Chowan and Jones of Halifax appeared, qualified and took their seats. A good many private bills were intro duced and placed upon the Calender. Mr. Monng, of Chatham, introduced a bill in regard to the per diem of officers and members of the Legislature, which went over and was placed upon the Cal endar. An election of Engrossing Clerk was gone into, Mr. Mast, of Forsythe, being the fortunate candidate, with but feeble oppo sition. The Governor's message at 12 M. was read, when the House adjourned until to morrow 11 A. M. Sentinel of yesterday. DIED, , Near Hantersyille, in this county, on Wednesday, the 16th inst, Mrs, Margaret Pharr, relict of the Rev. Walter S. Pharr, in the 80th year of her age. New Advertisements. I F YOU WANT BARGAINS In Boots and Shoes, call on SAMPLE & ALEXANDER. nov 20 2t W E ARE DAILY RECEIVING Our Second Stock of Goods for the winter. SAMPLE & ALEXANDER. noy 20 2fc i.i NEW LOT Of Foot Holds, plain and Arctic Rubbers', cheap, at SAMPLE fe ALEXANDER'S, nov 20 2t EW STOCK Of fine and common Hats for Boys and Youths, at SAMPLE fc ALEXANDER'S, nov 20 2t WE HAVE THE BEST SELECTION Of Ladies, Misses, Children and Infants Boots and Shoes in the city, which we are selling very cheap. SAMPLE & ALEXANDER. nov 20 2t QOME AND SEE OUR BARGAIN COUNTER, For BOOTS and SHOES, SAMPLE & ALEXANDER. nov 20 2t "pRESH ARRIVAL OF Latest style LADIES HATS, PLUMES, FLOWERS and TIES, for our retail traae Call and see them Ladies before they are all gone. At the retail stere of : W1TTK0WSKY fc RINTELS. nor20 JUST RECEIVED, : At R. B. Alexander's, two doors above the Market Bouse, V 35( Barrels of Tilolaasca, different grades. Also la store, 150 Barrels of No 1 Choice Family , Flour. Call and i me. . .. r" :. . , , : noy20 1; D OITT FORGET TO CALL AT THE .STORE OF v.i! "; rf PRATHER & CO., t First door above the Market House, and gel Some oi woae nseiinuviaaippMB, wiuco are so oeaaunu to too- ec eoaaogooa so eat. Also, Oranges Lemons, Cfcc Molasses Taffy, something; the ? little emea like so WELL, fresh every day. nov 20 DAILY 0BSERTER a C II AS BiBI Egi Editor M Proprietor. Friday, Koveiaber 20 1874. "Free from, the doting scruples that fetter our free-born reason." I GOVERNOR'S MESSAGE: T? ffte Honorable theGeneral-AsgertiUy of the State of NbrtfC Carolina : ;"' You have assembled as the represen tatives of the peop..., va accordance with the Constitution," to assume the duties and responsibilities which are imposed upon you as the legislative department of the State Government. In the discharge of this high and im portant trust, which may more or less redound to the happiness and pros perity of all, it is for you to exercise your own judgment and discretion ' in maturing sucn measures as tne public interests and wants, and the plain re quirements of the- times may point out as most necessary and expedient. As you are fresh from the people, and are acquainted with their wishes and wants, you win, no donor, regulate your action accordingly. The true purpose and sequence of wise and ju dicious legislation is to protect the public interests and promote the pub lic welfare. I congratulate you upon the favora ble and auspicious circumstances' un der which you have asaembled, and hope that your legislation may be beneficial to" the State and productive of much public good. We have been exempt during tne past year from contaguous sic ness and disease, from pestilence and plague and from famine and suffering. The people have enjoyed general good nealth and peace throughout the State, and the earth has brought forth her usual abundance of fruits and pro ducts in due season. For all the num berless favors and blessings which we are permitted to enjoy, we have great cause for gratitude; to Almighty God, to whom our heartfelt thanks should constantly ascend. We can do noth ing ourselves ; without tiis mercuui hem and favor our leeoie enorts win be all in vain. The vivid and" abiding evidences of these ever living' truths should encourage and cheer' us in the faithful discharge of all our duties. . DEATH. OF OOVERNOX CALDWELL ; . On the 11th of July last;' amid the active duties of life, when such a sad and solemn event was entirely Uriexv pected, our worthy and esteemed Gov ernor, Tod R. Caldwell was cut down in the midst of his labors and useful ness, in the full fruition of his earthly honors: and summoned to that world "from whose bourne no . traveller returns.' He died in the public ser vice, in the town of Hillsboro, whither he had gone to attend to the interests of the State at the annual meeting of the stockholders of the North Card Una Railroad Com painy. He was a man of noble and generous ipipulses; of unsullied virtue and stern integrity. His loss to the State "was a great public calamity, and his name and memory will be long and affectionate ly cherished by his friends and coun trymen. Ever faithful ' to the calls of duty, he passed through the numerous responsibilities and trials imposed up on nim without a stain upon nis integ rity as a public servant, his honor as a man, or his character as a citizen. He was candid and conscientious, sincere and just. He loved his State with the affection of a true son, and as his life was crowned with honors, may his memory be crowned with fame. MY ACCESSION TO THE EXECUTIVE OF FICE. By the death-of Governor Caldwell, the Constitution devolved on me, as Lieutenant Governor, the duties and responsibilities of the office of Gover nor. On the 12th of July, the day after the death of the Governor, l was notified of the fact by the Secretary of -i , . a a a a xi state, ana requested to repair w me seat of government. On the 13th day of July the body of Governor Caldwell reposed in state in the Senate Cham- ner. -i On the 14th of July, in the Hall of the House of Representatives, at ; 12 o'clock, in the presence of a number of the people, the oaths of office were administered to me by Judge . E. G. Reade. of ; the Supreme Courts stated briefly on this occasion the views and principles by which I ex pected to be guided in the performance of tne duties ot tne omee inia change in the head; of the Executive Department took place quietly, : with out parade or' ostentation : and so accustomed are our people in govern ing themselves to the. operation of the civil law4 that oa ithis occasion, aa? on- former ones of a similar character the Constitution and the law; seemed toga forward naturally and execute them selves, h The t-quiet raabner ; ha which this changeiwas effected though not . at ail t sorprising to manuesca u w other .Deoples: who nde. i moil cbvem themselvesu thetstabilitr of our form of govrnmjenVand the habitual sab missions OtoBxpeople to iXmstitution- al forms and prisibntJifi nomsft L icdirDmoil of thb ' tpiixc " treasubt. The receipts and disbursements of M ... ' " I ( ii. ' i i. . , Ik xne public mi6ttevja.t, li Cmoc matters of impxrttfici tol.the. tax payers, who are called Upon: annually to contribute soma portion' of their means to satbfy thef necessities and demands, arid while- they iyield cheer rul and readj' obediehcet6;thelaw, they have a'Tight.i to expect integrity and fadehty in pubfic? trusty aid aii honest and i economical tadmlaltt uon of their Government. r ri -On October lst, 187S,t there wai a balance in the Public Treasury, in clusive of the Educational ana -Public Funds, of $29,895.79. .; 'mi receipta of thi Educational Fud for the Fiscal year ending Sep tember SO, 1874, were $44J884LS2r. t' The disbursements of the Educa tional Fund for the same time were $5602994. ' """".:' -t The receipts of the Public Fund for the fiscal veHr enditrg Seprember 80th were $667,114,49. The disbursements of the Public Fund for the t;nteUrne were $451, 339.68, leaving a balance in the Public Treasury October 1st, 1874,' inclusive ef both Funds, of $234,024.88 There was nfore.mdneyiin thei Pub lic Treasury atthe doeefJthe fiscal yeW ending Septembep 80th 1874, than there was at the close of the fis cal y.ear:;of 1873, ?whtch difference rnay&justiff & word-of- explanation here. ' Formerly, . whenevervwarrants were drawn on the'Treasdry oh the last day of th" quarter, iheyiwere gen erally paid and the payments were charged to the credit of the Treasurer in the month or quarteujitst olosed. But the warrants which were drawn on the Trea8Ury for the-: tegular sala ries due to the several Departments of the State Government, and also to our charitable institutions, were-not paid on the last day of the quarter, and therefore the disbursements were not as they would have been had they been charged in the quarter for which they were due. STATE DEBT. The proper adjustment of: the State debt is of much importance, and the longer it is delayed the more difficult it will become. On the 1st of October, 1874, the debt was as follows, viz: 1. Bonds issued before the war, called "Old Bonds," $8,872,900.00 Interest unpaid on same, 8,005,175.50 $11,370,075.00 2. Bonds issued since the war but under apt passed before the war,. :,,.-.., Interest unpaid on same, Total, 3. Bonds issued during the war for internal Improve in en V purposes, Interest unpaid on same, i i ; Total, 4. Bonds issued since the war foi funding interest and matured bonds as foi-; lows : Under finding act of 1886, ; Interest unpaid on same, ' " $2,297,000.00 791,910.00 $3,08810.00 U28.000.00 5S8.590 00 $1,714,390.00 $$417,200 00 ' 869,138 00 $3.l83..t8600 $1,70.900.00 614,904.00 $2,317,'C4.00 $5,604,140.OT Total, Under funding aet of 1868, Interest unpaid on same, TotaV ' ' Totul for funding, 5, Bonds issued since the war under Ordinances and Acts passed Bince the war, not special tax, . . . $1,622,045.00 577,157.55 , $2,199)2.55 $11,407,000.00 3,S28,930.00 $14,935,93.00 Interest unpaid ou same, ' Total, . , . . 6 Bonds, common ly call ed "Special Tax.' Interest unpaid oi. same, Total, Total bonds and interest not . special tax, $23,98518.0 Total debt including special tax bonds and interest, $38,921,848.05 This statement of the total amount of the State debt is about as correct as it can be made at present, and while it is rapidly increasing by the accumu lation of interest, it shows that some E radical and judicious action should e promptly taken for its; reduction. The people cannot pay the annual interest as it accrues on the entire debt, in addition? to the ordinary ex penses of the State Government, .and the question arises as to the best mode and manner of its adjustment. , v Various plans have been suggested in relation to this subject, but in mat tera of business two or more parties are necessary to a contract, and to give it any validity it must have the assent of both. . I earnestly recommend to your cave tul attention and consideration v the adjustment of the State debt, . because it is filled with the fate.of future con sequences which mayt, ultimately re dound to the honor and good name or the shame and humiliation- of the State. We have great cause foe honest pride in her past history, her , present position and future prospects, and may it never be truly said, that her patriotic and honest sons quietly sub mitted to any unjust imputation or stain upon her character .for integrity and fidelity. , , . . t . The past' cannot be . recalled but in memory, and it is our duty to try to protect and , promote the gntg "J1 interests of the people and the Btate. Improvements are, goingon.- in the useful and industrial pursuits and vo cations of ;life ; in our agriculture, commerce and manufactoresT nd our prospects; are brighter ;fotthe future than they have been m the Pt. We are making steady .progress in the de velopjntvof,.' resduVc,;and:.oW " increasing fioiS,if. 4 ! NOETH j CiO JAiBATLBO-0; 1 " As Smportahti interesU are involved in this great trunk lme of mlroad, I menfeofjits) present finaneialconditlon arnndWsianditas Xprerfeawiealmg in factsjandTfigurea r insteadiof iuppo WpoMiiloi ifi-P'-'Wi ; iAa Wxirlty tfbr? that redemption off theobohd isswedi toconstrttcteh North Carolina Railroad, the pubLV faith of the State is pledged to the CONTZKUEO QK BECOSO PAQE, 1 ?4 if I ft 111 Ik Hi r b r W (HI ; M m3f 'J!' 9H w. 4h 4:
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 20, 1874, edition 1
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