North Carolina Newspapers

tVlLLE, S. I', klftixlf 21, ! 857. ik.v U our duly authorized i of all claims due this office. iTERTISrJKS; be immediate inse^ion of their |faatul them in by TIIURSDAT ‘ they will not appear anti! Ltur friends will please bear Vnd to znak« U a rule ititoui RaH Road. IOK THE STOCKHOLDERS, of the stockholders of was held at Market Hall 1. .Ino. McKae in the chair, ttioii of •iieh prelimtuary |tlie following resolution of' was adopted — liderstood that the tresident Company have been ap- of the owners of minernl or an interest in those lands Lpaiiy:—He olved that this jto find tlr.t tiie owners of I length b'.cii aroused to the nectioii with our road, and Liid Directors be anthorized r.ke such arrangcaeuts of tht* Inally advaBtaaeoas.’’ The hit of the company resulted IB. Mallett, the former effi- Iresideni of the Board. The Jrs was then held. Maj. P. a re-eiection and nominated Ion. J. C. Dobbin—and it that Mai A. J. O'Uanloii lig as Director, owing to the ■aims upon bis time and at- 1 elected stand thns:—lloi. I McNeill, A A. McKethan, W. T. Horne, John H. rer„ "W. McLaurin, Jane? ■of a statement of the claims on the support of the peojilc i ordered to I>c printed, and pi be earefeily read by every I liefore he goes to the polls t the action of the magis- coDiitr subscription. The : is .still misrepresented to ping men, demagogues and Iridnals are striving to pre- pnr citizens against assis- lenterprise. Some we give |t've.' while we pity their demn their .=eif blindne.'s. I people of Cumljcrland to and we present a few [iteration. Vlrst, the impor- ul to tile State, and the li its ciiinpietion will devel- lt>t say more on this point the able and snccint Be. nt of the Koad, in another le.special attention to it, and of Cumberland to weigh bf benefit and hiynry before I or polls his vote. We tell l.’iimbcrland. that an effort sralyse onr energies and to I by men whose allegiance to Iry doubtful tenure. They La know nothing inaneevre i of siiece..s in a work who.se tie stcpjring stone to the fn- pf works of internal improvc- hher say that if the county piption, it will be raainlv nee of know nothing.s basing I capital upon this snbserip- that this is a inlsrcprescn- hen are seeking popularity 1 who.se importance con onlv I; general good acruiiig to Ia.s an answer to all this lour attention to the name In a.s a Director in this pn if you will permit any I be his claims upon your jinlity or yonr confidence llitically against the Wes- t fact, not only as Demo- ; of the term, but as demo- bended, the true, rational. I of the word, we apjieal to brts, yonr hands and your Ir.'se. Be assured that it ■fit, your own interest, as ^tate at large.’ P|rsoDally, self are individn^y con- cry little whether the Bail |ir not, and we arc therefore to e.vpress an opinion |>eiiefits would ci'cecd the tences, if in fact any existed Isabieription. lit is represented that the pertax their fellow citizens I capital is songht to be lion. AH intelligent men jiiese objection urged by jroad. Self interest is at ole of it. A.sk a man re to the country snbscrip- ^on that the people will |ie is a great friend of the es to see the harden of |om the PEOPLE .fee &c. In’s antecedents and yon |ithcr an old office hunter, _ to the dear people for an In it by a great ostensible 1 of lAe people. The argu- btions of such men are las were the promises of p a democrat to support ^ they were sworn to op- V But we need not urge this point: we are understood by the democracy withont wasting words upon the matter. As to' taxing the people of the county additionally, let it be borne in mind that the company propose t'6' pay the ta.sf themselves for two years after the money is .sdbscribcd by, the co'nnty—and in that course of tim'e the road v?ill have been so far completed as to yield alt income to the stock holders—so that the fat will ’j'e eventually but a nominal impost. We have a large circu lation within Cumberland county, and we can speak the more confidently to our friends and urge upon them the more strenuously *thc ne- that those Who are" behind^ will immediately come forward and pay up. The reporter the'; TVeasurer marked B, ^ws the present condition of the Company, from which it will be seen that since its organization $9f,335,92 has been expended. The Board congratulate you on the removal cl some of the chief obstacles in the way of our progress. First, stock-jobbing stockholders, who controlled the company; second, bogus Rail Road builders, Who for a time did the same; third, the hope of State aid—which par alyzed our energies by making us believe that Hcrcnles would help us, when we were not THE NOkTk caiiUMI an FAytttEVIltE, lit.g, cessity for this subscription and the benefits j trying to help ourselves. These are now out which must acme to the whole county from the ■ of the way, and we know and feel that we are Completion of the road. Did we imagine for a 1 to do the work ourselves. Wt can do it and moment that a single injury would be inflicted ; we will Upon the people, and were we not sure, from | By way of encouragement to some, and of ibng observation and some experience in sncli I information to others, let us censider some of BlatteVs, that the intcre-sts and welfare of the ! the benclits expected from the completion ol people of the county would be greatly advanced | this road. and increased, we would not move a finger in I AH must admit that a very large portion of the matter, and our friends may rest assured j our most valuable trade has been cut off from that we would be the last individual in the 1 us bv the N. C. Road. Now the only way to Cbnlmunity to sustain the action of the Board bf Magistrates in subscribing one cent towards this enterprise. tVe learn that there is a half witted individual who has published a circular with the design of inflaming the minds of the regain that trade is to go to the N. C. Road after it; and fortunately for ns,«it so happens that the coal fields are directly in onr w.ay, placed there as it were to aid us in our cCforts. \Vc cannot get to the N. C. Road without voters against the snliscriptioii—and we are ; gcBing first to the coal fields, and once there not more amused at the ridiculous character of; we are certain to go on,—and once there very his objections than wc are surprised that he i much of our trade would flow back to us. Our Should find an editor in Fayetteville willing to-! customers who now haul their produce from publish his balderdash for the “pitiful considrra-1 ^0 miles to the X. C. Hoad, would haul tion of a few paltry pence.” Should that indi i same distance to our Road at Deep River, Vidual but sign his name to the circular, the | down to their old market, where'they Wends bf the road would have no reason to fear! ®'’sry body and everybody knows them, any assatiit from snch a quarter, lacking as*itj This would be the beginning of onr cominer- does, both influence and iiitelligciicc. But'“'l''a"tages. The advantages to result going forth anonynioii.sly, it may chance to do j development of the coal and iron are some harm niilesswc caution onr readers from f**'* ‘o suggest attachinganv importance cither to its author-! ‘’“'"’*elves to every mind. We are at ■:present ship or its declarations. AH men are entitled i interested in knowing the quantities and to their opinions it is true: but it does rot follow i ’'“''“'‘i « Ijearirig upon the trans- Ihat every man’s opinions are worth considera-■ tion and respect, parti.niarlv when they „re i “‘-■’’“"S' based upon false premises and superinduced by ill I “"J ^he facilities which our feeling, envy, malice or any other evil influence. | We would like to enlarge upon this subject in Banks can afiford. The amount of exeliaiii :e in which we are to day’s issue, bnt time and .'pace forbiil. will recur to it again next week. In the mean j interested, and which must be paid out and left in the State for oiir benefit and that of the time, we direct special attention to the Presi. I matter wlm may own the dent’s report i mines and realize the net profits,) will be just i equal to the co.st of mining, transportation, I ' ''fiippii'g. ‘kc. On coal this would be $4 Owing to the militia election on to-d:iv and : per .4 - 1 K , ton, and on iron at least $20 per ton. If.iOO,- thefact timt t3«i young men in our ofhee are ; ooo ton, of coal, were shipped, $2,000 000 .^f too patriotically imbued with military ordor to exchange would have to be created If 50 - set typo to the roll of the drum, we were nr., qoo ton, of iron were shipped, $1,000,000 o’f ccssitotedtogo topresson Thursday evening. | exchange. We have four Banks, and will be ' ' within two hours of the maker, of this exchange, S®-W€ are authorised to announce the Hon. | ami a large [.art of the money will be paid out Warren Winslow as a candidate for re-election i ill this place. It is certain then that threc- from the -3d. District, subject to the action of "i'le-tenth, of the exchange will go convention should one be called. i exclusive of the profits , of niiiiiiig wliieh will acme to sneh owners of " ■ ■ ■ I mine.? as reside in this State. fKISUiKT’S SETttSr TO IfiL iriiEFERT &.i;L I The following data a, to quantity Were ole ItOlD MSPi.TE. j tained from Prof. Emmons, (as he had them fe5w.se the first a.iuual meeting, the work on ' measurine.it of the different veins in , , , , . , , and tiie ealcnlalions wore your road has !.ee« jirasecufced with as much ^ preseiiec and had his approval, vigor ami to as great ail extent as the means j The first vein reached, of iron ore, is the at the command of the Board of Dircetof, argillaceou.s oxide, 6 feet thick and about 380 would justify. Tea miles have been graded, ■ *^eet from the surface. This will give 18,000,- and the 7th scetiou, which completes the first! tlie square mile, which ivill ^ . . T li- \ 1. t ,! yielil h,000,000 tons of railroad iron, and that dlvK.on, to Little K.vev) has lieen put; ^5^,^ |.24o,o00,000. under contract. The remainder of tlie Road, Seventy feet below this is a vein of 4i feet say 30 miles, a ill be ready for contriict during coal, then Black Band ore, then coal again, the [vrescut month. Tiie iiirvevs have all been ' tfit'ii Black Band,-^making in all six feet of made, and the Hue located with suffleient acen-1 10,000,000 tons Black Band and six j . . ^ niillioii tons of cojil. Black Band is the ore racy for an approximate estimate of costs. 1 he 1 fro,,, which the celebrated Scotch pig iron is Enginecis are now engaged in defining the line j made, and it hag never been discovered (out of ami staking it out porraadentlv for the Con-Scotland) except on Deep River. Eighteen, . I million tons of this ore will yield 6,000,000 of j2.^ cts. per mde for 42 miles. Fi nn Scotch pig, now worth in N York $32^ per take tlie actual cost of 1 et. per mile, ami you ast annual , rg,,. $120,000,- mcetmg the contract which wc had with .Mes.srs; 000. The 6,000,000 tons of coal at $8 per L. Seymore & Co., ivas abandoned by them,! ton (it is now wortli in Charleston $12,) ivoiilii and thev left so few notes Ac. in the Kmriiieer’s i forty-eight millions; making in all $408,- department, that it was iiece.ssarv to reJsurvev : 18,000,000 tons of Irans- , , ... poitation fur one.square mile ;uiid the Professor the whole of the 2d and 3d division.s, ami the 1 ,1,;,.^, ,i,„t n-o,,, 60 to 100 square miles are so Board are satisfied that a large amount has underlaid been saved by so doing. | Hear what he says ns to the facilities for the For our Engineer finds that by changing the! oiaiiufaetiire of iron on Deep River from tliis line at one or two points, it will be niueli im- tractors. Ill less than two months after the that can be proje^d-^l^ fis shorter .by hitfff certain'and folly a.s cheap, as by DeejS^iver navigation can be. Bnt men of ex perience say that coal cannot be transported from this.place to TYilmingfon for less than f5 ct.s. per ton. If tliat be so with fereNavigatWn it most cost at least $1, from the mine to this place by the locks and dams, making $1,75 fo'f transportation, to this add 50 cts. per ton (a trifle less than is paid on the Sdinylkill Navi gation for tolls) and yon have $2.25.—By the road the coal can he bronght to this place for $1,00 per ton, from here to Wilmington for 75 cts. and 25 cts. for contingences making $2.00 per ton from the mines to Wilmington—25 cts. per ton less, and more handily than by the Riv er. for the lime of onr Road reaches down into the valley of Deep River, with a grade of only 30 ft. to the mile, (which is the maximnm arade on the whole line.) The side tracks can be run right np to the pits, and the coal dumped immediately into the ears, and the same mo tive power that takes the trains from the ooint of loading, will bring them to the River nt Fayetteville, when the coal ean he dumped in to a boat. This ean be done in'four hours from the time of leaving the mines, which is nt least 24 hours sooner than it ean be done by the Deep River navigation. The process of load ing the boats at Deep River, and at this plaee are preelsely alike. In both enses tbe eoal is carried from the mines to the Boats by Rail road. Now if tbe .shafts or .slopes are opened on the Rank of the River—nor can they be— they are and mnst be from J of a mile to five miles from tbe river, tlie onlv difference there is in tbe distance from the .shaft to the Roat. In one ca.se the coal is transported 40 miles by Rail, avoiding the changes and delays of a lock and dam navigation, and saving from 24 to 48 Iionrs. In the other case it is transported from J to 5 miles by Rail—and then has to 'encoun ter this navigation. There is no more handling or transhipment in one case than the other. We have then nothing to fear from thecom- pefition of any line that can be projected. If the mines are worked wo are certain of as much transportation as we want. And if we have that, onr stock will be the best pay'ng stock in the conntry’. No other mode of transportation has yet been constructed to a coal bason at a le.ss cost than $5,000,000. And yet from ac tual survey and calculation, onr very compe tent Engineer reports that for $1,000,000 our road ean be built complete, and equipped so that it will traii.sport 500,000 tons of coa' per annum. Now, at the very moderate rate of$l per ton on this we have $500,000, as the gross receipts from coal alone. From this deduct 60 per cent., or one half—which is more than the average on all roads in the country—for wear and tear, e.xpenses and keeping the road in thorough 'repair, and we have $250,000, ns the net profit; which is 25 per cent, on the cost. The actual average cost of transportation of coal on the Rending Road for the last five years was 69-100 of a cent per ton per mile. This includes everything, all kinds of e.xpcn- ses, and keeping the road-way and machinery ill perfect order. On onr road, in consequence of the grade and single track, it would cost something more, say one cent per ton per mile. On that road, the actual cost being only 69 100 of a cent per ton per mile, they are obliged to charge 21 cejits per ton per mile to enable them to make a dividend of 6 per cent on their immense capital of $23,000,000. If the coa] transported on that road, ivhich is wortli from $4J to $6 per ton, will bear 2J cts. per mile for 93 miles, tlie coal to be transported on our road, worth from $8 to $12 per,ton will evrtain- this thti' trade we have lost, chiefly by onf own libe rality, and by our confidence in the liberality of others. •. That we will recover the lost trade, and the trade wh'cb has been vastly increased since we lost it, by the stiiniiliis of the N. C. Road, is beyond a doubt, for by onr Road there will be a saving of 150 miles of ILiilroad transporta tion over any other route, on sill the products l yoiir beloved North Carolina west of the p-iiit of iiitersectiun with the N. C. lished an euviabie repiitatioii Roa.i, which is equal to 161, cts. per bushel on | broad DifiCii, and even that part of Knru|H' wlieal. .Aiid the people u! Western N. C. W'lll j where AiffSriraii .superiority is most iinu lilingly not siibmil to that fa-x for tiie sa’se of keeping i acknowledged, up the N. C. road or any other ru who have sought to attain 110 mere private ends at the pubHc'e-xpense. You, sir, have done more than this, ^Yoii have so tempered authority with kindness,- so blended moderation with firm ness, as to liaveSeonred universal respect among the gallant spirits whom you have eoiiinianded during the-past four years. You have not only inaiutiripcd your good name at home, in but have cStaSi- thronghoni tiii.s even that part ADvEHTISEMENTh. KEWAllD. KAXAW.W frtiDY jly; Suhsoribei' on l!i' liMh df Ft.’l r.-iM'v iwf-r ii.-':i’i» ■\’iiu;ns didI > o}’!lu* ofeiafe of OiUT Ilar^T'.Tc Vift'vJL has :i xvM.* at .Mrs j1hivi'()v«-.s SAii al -Mr.' Ciai'i.'.'it Kitii;'' n x'.m-ii lU'ixiiiiorlioo is tlh'v aro jiroiKiiily lurkinir. 1 will ^ivr V Dull.It’S Im- i!D’i]i llx'.’ry()i‘saiiI ii‘ui’*i.--’ to 111'- .Sixiy «i;iys tif itn* diiti* ht-rew.'' of r. .? J >i)!lar.~ liM’oiilifj* ofiijoia—or J will give ton Jbi l.ir.6 I’ll’ 1 keei.HHj^ I . Tiieyj It becomes u.s, therefore, to welcome will neck the ncare.st marker, lor n.iic out of j fnitlifnl and efiieient and self .saerifieiiij- ] ten will tell you that the iiearc.sr market is .the i servant, who surrenders llio .seals of ol'ler* best for the farmer. Having reaehed the N. C. integrity a,s unsullictl as his fame is l i i Road, and having tnriied back the trade eur-land eiidiirinn-. rent into its natnral elmnnel, and finding that instead of losing our money (as some said we a-onUl) it is paying U.S four-fold, and iii many ft-nys, we will step across and strike right np the valley of the Yadkin in the direction of the plaster beds and salt works of Virginia, throw ing out us we go along a liraiteh to the Lime kilnsaiid Iron niines of Stokes. We have lui abiding eoiifidenec that these un- lieipations will .soon be realized;'for, by onr a- iiieitdeil Uliarter Goiiiities can subscribe. We have called iqmn Cnmberiami to take $100,000. Andjudgiiig from the views e.Npre.s.sed. and the promptand uiiniiimous action taken by f!he Magistrate.s ill ordering an election, there be no doubt about the .subscription being made. And it Cumberland comes lo the re.scne and uts her shoulder to the wheel we are safe, $150,000, ill addition to wliatw’e have, will complete the grading and bridging, furnish the (ross-ties, and put the road-way in readiiie.s.s for the iron. That done. We enn have lu diffi culty in negotiating our bonds for the .superstruc ture and rolling stock. The jirospeets of our road both as to busine.ss and profits, will secure be to you for many, for our bond.s a ready .sale. And the large div-1 Health nnd Hap])it;e.ss ideiids we can earn will soon enable us to pay j them off, and will leave us with a property that will pay 50 instead of 25 per cent j Let us then push on the work with vigor, and ! accomplish what lias not yet lieen nccoinpiislied ! j in North Carolina without State aid. C. B. MALLET’l', President. Ih, iibli. If ■■mvnt in ili.-jail 'if ihis cnuii!y wiliiin -IK-i.-llir.! nl.-'v,,-. .5,1 are CiUllimivif inrimrii.',.'ur tmninvin^ ne-r.ic.'! iir.s'c.v.v .'sii.viv. rl(i:!;I 1'nimlv. ySnrcll’J] tZ.ri' •.fiJftii t’ CO>l UI.SSiO-N W1I..M1S, IVili aivc ]t;nr .Slnr--- I'.-:;.. . Ivina P'oii. i i'oltw .\itui.\; ;i \ \r. I'li.v .v. c. ll.M.i 10 111.- sx! ■ (rl -r-:, 111 Nav;.! il HaiHesiead ■ bKC'J.Mt DIVISION. rAl0,(.D0 iJ'or'/t a}' J'dn/is and Jhtd.uii l;i he i Inlil of ’ll 1 -script $101 J.nt 11.- ’ulj e; li'or C' ouHty. Vii 'gin .2nu .wi :H».>cr;' H’l’.', nil , lie :;n!n i -.ulv tt ’ll (ioi! •M” ; the dell VC ry ol i!l’ De- a Dii; Ming Lo' i-r a ^ Fir: > jo T!.,- ] ■:\Vi [1 to iinl’ie c >elll t j:h ni>. '(*ivc 1. thf* iii rea se in 1 lit 1' e rjlor ilie iii-imrent K-'v yonr boyhood, j .-Vilvertb.ingwili ! !>K‘. 1- 111 lull I : An-., Fayetteville, March 12, 1857 I At a meeting of the citizens of Fayetteville, I assembled at the Town Hall pursuant to the j call of the Maytrr,: bn motion,' A. A. McKethan, Esq., .Mayor pro tern, was called to the chair, and A. McLean appointed Sec’y. On motion of A. J. O’Hanloii, Esq. The following Committee was appointed to report for t'ne aetion of the meeting, viz: A. J. O’Hanlon, E. J Hale, Maj. W. Dranghon, Cnpt. J 11. Cook, -John McRae, Esq., who reported the following— WliereiLS, We have learned that our distin giiiscd and esteemed fellow citizen, tlie Honor able James C. Dobbin, will arrive in thi.s place on Saturday next: and whereas we are desirous We liuvQ the honor to be. Yonr frieuda and fellow citizens, 1C. .7. 11.VL!-;. JIlHX McIt.VE. T. S. l.UTTl-CItl.OlI, JOHN II. COOK. J. W. I’IC.Vitl'K. .S.t.WL iV. Tibl-INGHA.ST, CHAKl-lCS T. HAlCli, ■W. -DltAUGllON. . A. A. MeKtCTH.-VN, , . A J O'HANI.O.N. G li .MAUbbTT, ■■ 3 w sANin-'oiin. EOW’I) LEE WINSLOW, A IfeLEAN. Fayetteville, Miireli 14, 1857. SATIBD.5Y Evf.xIxc., Marcli 14. 1857. O.EXTLEMKS':—Your letter of “w.elctfme horn'-' again,” jiLst handed-to me, is so cordial—elotli- cd so richly in tlie glowing language, not ol mere kindness, bat of a regard approaciiiiig enthusiasm; so toiicliiiig in its. alhisioii to my humble personal career from the days of my lyovliood to.the present time, that 1 am too full of emotion .10, reply to it. ' Altliougli gladdened and conifortcd with the conviction that I have struggled, aiaiuonsly to I cannot but fear that ui l«- ilr, ni'.\lil-,t. .'I '-III- iiii'l' iliiwii. Ill,- ri’ri. till tlj Kv. ri MiW;-ili'-r will; riiu.f y ill riiliii ail'l 1.1.l, ii. 0 M.lii ,'ii nil'..;!; Miiliciriit jimnbi-r ii.-ing re valiii- 111'V.li.rti will emui'-- pr.ce'iiou' a.'Iteil. .V Coaqmiiy tii'st.itliMs call-il -Vlio Ibipiiahaimork i’imier .t.-.-,a-iulaii;." ii. nuw liirnii i.g ri.ii will i-i.u.t ineiiL-o a .-i-uioiiieni in tin' ^J>l-iIlg. -\iiiiilo .‘-'-oui-ily* will in-glvi-n i'ur liie l.iilhuil [n-rl'ni luanct; iil'celill.n-l' anil |i!-o;.ii.'-i's_ .-*J-.\li'He .Vgent-. am wanU-il tn nblaia siibstTili'T-. 1‘) wjiuai llii- niiit i.b I'al ieilar nirntt Will le givili. 1 . I'll.' ('-. i.i-y .\ j-i-iil tvarl-'' pf'-'-i' aili-'ijlaj-i. Set-srriplinns. .VyiMii-:-- . .\j i.iy ID j:. i-:i;. VorL Jluo.j/, Caruhne r.n,^ T'.i. >';tic ul liic i'l.TSiiiial i'rijpei l v of llic l.tieJ.iiin McXeill, A ljniii!r>lrulor oT .lolm McNeill, dcr'd \ kIkiI' cohI nud iron “But one word more respecting facilities for the manufacture of iron upon the Deep River, It has been supposed that Penn.sylTania must enjoy a monopoly in the manufacture of this in dispensable metal, in consequence of the extent of her [lossessions, and tlie vast amount of antliraeite which she can employ. Of the ex tent of her resources proved, and a better grade obtained. One of those [mints is near Little River, where althongh we throw away a portion of the work done by Seymour A Co, which cost only $300 to $400, we save four or five thousand dollars. We have on the whole line a maxi mum grade of only 30 feet to the mile with less excavation and embankment than was estima-! anthracite, but no cheaper than it can be made ted for by the Contractor’s Engineer, with I o" i>eep r'-er by bitnminons coal or coke; nnd J f ^ . ,1 -I -coke made iron will be as good as tlint made grade of 4o feet to the mile. , ci.arcoai, in consequence of the purity of The causes which led to the abandonment by 1 the bituminous coal on Deep river. And in Messrs S. A Co., of the contract, and the - the manufacture of coke, I believe products course pursued by the Board in consequence, j*^'®*'''‘4tion may be obtained which will were fully laid before yon at a called meeting, ]™®,^® the cost of making the coke. ^ 1,., TT ,. . ■ ■ ! “ matter to be tried, and does held on the 6th of June la.st, and on the action not properly come in for consideration now. of the Board was then unanimously approved Wliat I wi.sh to say is, that ia the coal of of.* It seems useless to go over the ground I Deep river, tlie manufatiircr has all the ma- airain [ terial he can want for this purpose; and as a ,r c , n I better article of iron can be made from coal Hie contract with Messrs Seymour A Co, | by antliraeite, then, in fi district of equal included all the Engineering, and when the; extent. North Carolina has advantages over work was given up by them it became nccc.s.siiry i Peiinsylv.ani, for the manafacture of iron. In for us to organize a corps of Engineers. The proof of 5his,^ I repeat that she has Ist. The have 1?, cfi*. jse'r mile of net profit, which on the length of onr road would give you 63 cts. per ton. 'riius 500,000 tons would yield 37J cts. per mile of net profit, which on the length of onr Road would give you 63 cts. per ton. Thus 500,000 tons would yield 37J per cent, on the cost of the Road. This calculation works out betttr than the other; but either is good enough, and the common argiimciit n- gninst caltnlaled profits, (viz: that they have so often failed,) will not apply to this road. AH the roads that hare been projected in the Southern States, have based their calculations of business nnd profit."! npon the gradual devel opment of the agneult-urn! resources of the COuii- lias reflected honor upon liimself, iijioii the country, and u|)0ii his native State and towib by liis admirable adininistralioii Department for the last four years:' And whereas we feel peculiar pride iii him as onr •But yoff stand in a nearer r('inti''ii to ns. we honor you as a [lUhlic man, we love yon as a friend. Tho.se among n.s wlicse lieii'l.s have hcen touched by the frosts of Time, r'emciiiirer your early years, so ahoiiiiding in all tiiat i.s exemplary, so rieli in [iroinise of a noli'e career of honor, and nsefolnes.s. “The iloy -.vas Fath er to the ^laii,’ Yon have bligldcd m> hope ihcii formed by jour friends, discarded no riehi principle then nurtured in yoi.'r yoniig n.iind. Political life, that rock on whicli so many reputations have foundered, has hut ilhiiiiimi- ted an integrity which, however rare among I [loiiticai men in other seel ions of the country is characteristic pf those, of North Carolina, and warmly cherished by her people. With such recollections of yoiir manhood, and yonr inatiircr years, your fellow eitizens of Fayetteville witii one heart n'elcotno you Home! And with one ruiee implore the Dis|)Oser of all events that it may many years, a Home of .\n il at aiu-tiun. at Ills late resilience in Il.-.raeit Ciiniity. couimeiu:iagon the Zilor.Xpril iic.vl ami con- limiiiig Irina (lav 10 day, till all is sol,1. tin; wii,i!i' n, his personal pruperty. e.vcepliiig Negroes and dn- jiur tioa which may he alloin-d to his widow lor her year r maiiilciiance. .Viiioiig ihe i>ropei-ty td he sold are.-— Eleven Head of Horses und Mules, feoiiie 100 bills, of Corn; .Some 0000 lbs. Baeon, of superior qii.-ility; ’roiiie 30 ."stacks of I’udeer; About 80 Head of Cattle; About 200 itead of Hogs: 40 Sheep; 1 Jack; A family Carriage, and Buggy;' Two 'I’inilier and 4 orher Wagons; Mw'o.Ca ris; l’laii;.-lioii Tools;-' One Piano Eorlc; Honselnild Enrnit lire, 10 shores if slock in tlie Cumberland Acade lay. and i-(i ol'th'' I’iiilusi'pical .tpparaUis tiolongip, lu the tame; and a gix-al varicisul other '.'aluahle ]ii. pi-rty. A credit ol'il inonfhs will he given.— the purchas' giving bond with apjirovcd .securily. Oil ihi ;>d day ot'j.Vpril t shall hire out at .Vuctiu*- fur till- rem.iinii'-r of'h-; ;'i-aT. the .NEGUOES lielyag tag to the Estate, Tei ’as made known on tlie day i ‘ hij-ing. Tlie nmlersigneil has alsi* heea appitlaled .-Vdniinis tralor i/e trials am/, u ith the will aiiui-.\ed. ol Jul.:' .‘ilcNcili. .sir., and he herehy aotilics all persons liaviin claims against either oslate. to pj.'.senl tln-ni duly an- aild a])-j lh.-iil:caf'-d. witl.'iii the tim-]ii-e.scrilied iiv law, other- Biit, my I‘ -tliis is a ! II" requf.tls all pev.-oa, of the Navy j family matter-aiid instead of a formal "gbid I''"'',''-';;;'"';;”.’;''';;; iafoslnle' i to .see von home once more,” the iiieinhcrs of I Farms oa ihe Cape Fear river.will he .sold whei-e ihet ' , .1 ; 1 ..... ..rl are. a.qer lit" coachnskin oi'ihe sale at Ihe home plan the faniiiy choose to obey the iiiqiul.es of; , .KiN.VTlI.tN U'OiiTil. .March 1’!. LS.aT. 41 « to bid him ivclcome home with some marks of'; serve well my country onr high re.spcct for him as a state.snian, who yon have done ine.more Hoin .justice, jJaiided me beyond iiiy merit;, friends, this is onr owii. liome affair,- Ece will he pU-aiU'd in bar oflheir rct-o- ; indehteil (0 either estate h- friend and townsioan, who in all hl.s high posi- generous hearts aiid wariidy enibraee a returned j tions has cherished for tliis eomnitinily an tin- hrotlier after a four _veai'.s’ ab.sciiee. This changed feeling of affection and livt-ly interest: ! hearlv 'Teeling from home friends and. neigh I’herefore Resolved, T-iat for life purpose of| liors, aeeonipanied by an a[ipri)val and admira- Board elected as Chief Engineer, Mr J. P, Robertson, who had so efficiently discharged the duties of Superintending Engineer, and on bis being called to take charge of the WH. and M. Road, Mr Fleming Gardner was elected to fill his place. Both of these gentlemen have di.scliarged their duties to the entire satisfac tion of tbe Board, and have, by their industry nnd skill, rendered most valuable service to the Company. The books and vouelicrs of the Treasurer have been examined by a Comaiifte of the Board, and found to be correct. Tlie report of tbe Treasurer marked A, shows that the whole amount subscribed To the capi tal stock is $341,232,19. It also shows the amount subscribed and the amount paid by each stockholder—^and it is to be regretted that his list shows so many delinquents. The whole amount is now dacy the work is going on and money is reqnired. It is hoped and believed Diis respect no one cun try through which thev pass,nnd upon the travel doiilit. She can make iron cheaply by her t • .u . r . - i- .i . . . . . . mail pay, Ac., m the amount of which they have most generally been deceived, add having nothing else to rely on, their figures have fail ed. But in our case, in addition to all these resources, which other ftfads have, and which have not been taken into the account, wc have all of the inexhaustible quantities of coal and iron, which are even now ready to be transpor ted The capitalist then, and the people of the Town and County, and the To'wu and County themselves, may safely co'niit upo'ii a rich re turn from their investment. But the people of the Town and County may expect and will re ceive much, very much, greater benefits than dividends. Tbe simple expenditure of the a- mount of money necessary to build the road, will add very much to the trade Snd tb the val ue of all the products of the Cbtfuty- But the completion of the Road will enhance the valu* ef their property b’eyoiid any conception. From the ex|)erieiice of other places, it is safe to say, that ill five years from' ih'fe' completion of the road, town property will have advanced 100 per cent, and county propefly 50 percent. It may not not be too much to say, that the itiereased value of town property alone, will be more than the whole cefet tff the road. By the building of the road, o'Ur' trade, which i« now langnishiiig,' will b’e fe'vived, and our banks, being strength ened by the cichaiigo they will receive, will be able to extend their discounts. Enterprise of -expi'e.ssing to him onr st'ii.'ic of the ha.- r.-ni-e!et! e.s|)eciully iit'oii Iji.s niili and of iiwardiiig to him tlnit approva alike due to iinbeiiding iiitegrilv and- niiswer- vhig 'fi'l'elitj in the disehurge of duty, wc tender to him upon his arrival a public recep tion. Resolved, That a Conimittee of Thirteen be appointed to make all neecstary arrangemeiitji for earryiiig into effect the desire of this meet ing. On motion of John Waddill, Esq.: Resolved that the Conimittee of .4rraiigements be in structed to invite the Inde. L. I. Co., the La. F. L. I., and the Fay. Cadets, to unite in the reception. The Chair a|'pointcd the following Com mittee: E. J. Hale, John Mcllac, C. T. llaigh, E. L Wiiisluiv, J. W. Pearce, S. M’. Tillingiiast, .‘V. J. O’llanlon, T. S. Liitterloh, J. W. Sand j ford, C. B. Malletf, Maj. W. Dranghon, Capt. J H. Cook, and A. McLean. On motion of E. J. Hale, the Cliiiinnan of this meeting, A. A. McKethan, Esq., was pla ced at the head cf the Committee. A. A. McKETHAN, Ch’ii. A. McLeak, Sce’y. dciiec, because 1, treiiitilcd lost I liiiglit not do ; ilioi-;zi-i lo iiezuEate rosn'.-etm.c liic pruiierl.v. justice to my .State, which.1 well knew mid had ‘ onor he j tion of my eoiiduct as a public- servant, is, 1 j c town, i assure you, to me above all price.. The record! wiiich is I of it sliiiil be tiled in iiiy uiqire.ieiidiiig little | I'amily archives, to be read and prized hereafter I by'my eiiiidreii. . ^ With [nofoiuid sincerity I state, that I ac cepted the trust, wliicli President Pierce so iiii- expectedly. tendered me, with iinaffe'eted dilii- d just ivitliiii her limitn eminent and exper eiiccd j state.smeli, who eoiild not only do iiiueli more i to sustain her reimtatioii than niyselt, but by their abiltv fling arouiul her name additional ; halo. Tills feeling of State pride animated me ^ to redoiililed energy. The approbation ot the people of my own State, 1 lelt, would gratily ' me above all else. Well, therefore, can you imagine how keenly, how deeply, I feel tlu-se ■ manifestations of a|>poval and saiisfaetioii by ; the [leople of my own State. Joyously, and j with a liglit heart indeed, liave I surrendered ; tlie cares aiid responsibilities and pride of office, j Obidly do I return once more to iiiy native . State, always dearer to person.s who liave bad i opportunity to compare her, "in all her quali ties,” witli others. Her soil is fertile, her mines I inexhaustible, her water power aljuiidmit, Iier S’ri!-L FOR S.VLE. At lliHM onr'-niii’tl its: oi'i^insil cost. f>iH’ (lir cst :i'.> lil-rl. STiM-.S in liic county. It cini bf' s'-rn u! IV (‘8t:Dili>.;inn*nt. • A. A. McKF'rilAN. '.March 21. Is.iT. 12-11 1:r The feiittn’rihpr ofTnt^s l’2()iicrcfe nf LAND Dt sh * fi is well liinlKTC'l :uiil has ^ocil builtlicLis. nil ih-v . It Hi’.-* wiL.hifi o!U' niilciiti 1 w halt' ot‘ St.|rai!ls, uini , join.s ih(* huuls of Uev. \V. IT. WilliMiud others. The tenns will he liheral. and c;ui ho kn*wii hy ad- , «lrcs.>.in.u flic siiiiscrihcr aj Laurel Hill. N t' or qy ap- ldyiii;r lo A .McN h-urrie. I-Ntj al St Jhnils. who is au* T.AK!-: XO'I'ICK. All those indcHicd to .laiucs Mcl’hcrsftn arc rcqncff- i‘d lo COMIC forward and pav u]i inim’d;ate1y. G. W. I. GOLDSTON. Trustee. March 21. IS.aT. 42*(:t FAYETTEVILLE MAH KET. Corrccie.l weddy for Ihc North Caraliuian. M.s.rcii 2], 1857. fO.N. piv 111 J 3 &■ 13' 'FKF. Her Ih— Rio, ii; d:, 13 Lnguira, . 11 l.'» .lava. ^ 00 (■A 17 TU.N’. per lb 13 fe-' 'TO.N il.VGGlNG, per j-urd-- (jiumy. 2.'> •(ti ca .J.>undee, 22 (a'. Burlup.-, 19 & orT At a meeting of the Committee of Arrange-! air balmy and healthful, her geographical posi- ment, held inmiediately after the adjouriinieiit tion desirable, viewed in coiiiieetioii with citlicr peculiar ore of the coal field, 2d. The mag netic, specular and palaeozoic rocks in immedi ate proximity; 3d. The use of coke by which to make the iron; 4th A fine agricultural region for the cereals, and 5th. A milder climate and rivers both for moving machinery and tra.spprtation, which is unobstructed in the winter. The coast of living, and the means for coiiductihg the biisine.s.s, will be much cheaper. These advantages are too obvious to rcattire cofhtnfrnt or farther explanation.” And he might have added, that there is no iron and coal regeion in Pennsylvania or out of it, that can he reached so cheaply by rail roads Now if oneAenth part of these calculations ami and advantages are true, (we believe the whole of them arc) it is enongh for us. It is enough to satisfy ns that the coal and iron are there in abundance, and that they will be worked,- whenever a way to market is opened. Our road is a Way—in fact it is iht way,- and we should devote all of onr energies to its early completion. It is lAc way because it is the shortest, the quickest, the cheapest nnd the most certain It is cheaper by half than any other Rralh-oad i of the Town Meeting, it was resolved, Ist. That a salute of 32 gnus be fired at the River, on the arrival of the Magnolia. 2d That the Committee of Arrangement, with the Citizens and .Military, repair ro the wharf, upon Mr Dobbin’s arrival, nnd escort him to the ’Town House, under the direction of Major O’llanlon, Marshal, with such Assist ants as he may select. foreign or domestic trouble, and above all, her j population (in my opinion) is the best in the, world. Ill such a State I am willing to live; ,• I or to die. i But my very great debility is warning me j that I am attempting too much, and must close, j I thank you, gentlemen, for the very kind ' and gratifying innnner ill wbicli you have dis-l charged your duty. I still love the old Town. I 3d. That E. J. Hale, E.sq., be requested to i [Joi-q [„ sight of Cross Creek, and williiii liear- delivcr an Address of welcome at tlie East front | j^g gf jbe sound of the old Eccie.s Mill, I shall of the Town House. still love to linger near those haunts; to waii- 4th. That the Proec.sjtion. then escort Mr Dobbin to Ills residence on Hay Mount. A. A. McKETIlAN, Ch’n. A. McLean/ SeC’y. der along the gay banks of that lovely stream, and gaze upon the wall of the old mill, whicli will yet be as lively and clatter as merrily as ever. This old town will yet look young and COTTON YAi!N.Ii.-rll), N. DOMESTIC CtlODS. per Drown JSlieclingp, I'LOl'li. per barrel-- Kuiiiily. iSuperliiie. Fine, CriK”'. GKAIX. per bu.'=bel— Corn. Wheat, Oats, i’eas., i'iV*’, LARD, per lb, fei’iRITo per ^uRon— Feacli iii’iiLKlJI', Apple do. now N. C. Whiskey, Rye do. ReclifuMl do. N.\IL.S, cut. per keg .*>to 10, Hi’d- 20 00 10 104 7 oO 00 6 70 (n'j 1)0 6 :jo d>. 0 Up 5 00 0 00 w (;?, 1 i.T I ZO fa} I 20 00 (a. so i[o. 1 on 5 on (», 1 lit 12 oa (W, (I oil for the public servant, and of affection for the all kinds will be stimulated, and we will soon | irfdtvidual, whom We-are proud to call be a new people—a people with full cOnfidbiice ®or fellow citizen. in ourselves—a confidence which will not al- If meet that the people should honor low* ns to stop at Deep River, bnt will take us those who Ij^ve faifhTiilly discharged public du' on until wc tap the K. 0. Koad, and recover tfes/who have tfSed |>ower without abusirtg it; The following is tlie Address of the Commit- proud again. If God should allow a shaitcied tee and tlfU response of Mr Dobbin:— i constitution to be repaired, I shall be found in To tht Hon. J. C. Dobbin: | jour helping to do the work. Sir: 'The duty assigned ns, by the citizens of; I subscribe myself, very J'ayetteville, of tendering to yon a cordrti-l we 1 sincerely and truly, y’our friend and obedient come to your home in their midst,- would indeed j servant, be a most agreeable one, if wc conld adequately express tlrtfr feelings and Our own, of respect IRuN. per lb— £nglii*b. ■3 4 07~ *» 00 Sweedc.s, common bftr. (U (//, Go. wide. 00 WOOL, per 111 J Oh Iff T.M.I.OW. per 111 11 & 12 HIDE.-;, ii-r 111— StCroI.v. rorts^Uico.&NOrlcan.v: ,11 (o, 12 BEEF—Wh'.le. ale 4 (n, H liefail. cho-.oe R to fi PO[jK_tVho!efalc n 9 •• Reiail 9 Ifv JIUTTON «0 * J. C. DOBBIN. To Messrs. B J Hale, John .Mclvae, 1 S Lut- terloh, J li Cook, J W reaicc, S IV Til- liiighast, CT Hiiigli, W Drauglioii, A A Me- Kethan, A J O'Hanlon, C B Mullett, J W. Sandford, E L Winslow, A McLean, Com RK.M ARK.S.—Dacon—Wc advance our Hffurc.':. t’orion—AUbnugh tbe l:i?t three arrivalfe irom En rope yet no change is peroeited in our market. We therefore coutiune former figuree. Flour—Nfy change worthy of notice. Corn—Steadv und Crm. WILMINGTOX MARKET. March 19. 1S.57 Virgin and yellow Turpentine z -iO, Inird 1 .70. K > thing doing in .'Spirits and Kofein. Tar I 30. Corn 77 io 7T£. At New York. Soulnern Finnr beavy an’l lower, 6 (JO to S8. Colton depreiped and unfeettled Spirits Turp''niinc‘ -17 to L’''. Roiin qn:* t; N-*. 2. 52 lo 2 12. At fln-ra'a-. Cotton 11 to IS .‘'’ji'.oii 12i to *'orn no to 5^L Flonr $7 t*' ~ 22-.