Newspapers / North Carolina Argus (Wadesboro, … / Nov. 29, 1856, edition 1 / Page 1
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jT 'V- . '7-: .. '.i ". . .. J.. 1 ,. , - if - ' - v -n "Cx . v . . .... . ; ft Tx$f " i ;onx v. cuntcx, New Sorie3.-Vcl HL-No 47 JOIIN.'W.CAMRnOX:' IDITOK AND, r'HOPBIKTOB. I'krM IMIan. If H'l liiria( Ik yw af tUr1.ll; hK la aJruiwii aopM 4UmUi4 ll MTMnfM W fM, ultll tb j llfiMVuai m IM PWWt MM pipM Will P WMI W i . fur lt i..nilM, .,....... if H HI MiMUllt, '. . . i . a . . . 4 f A .lc. aMtM. M" - -i...lw tiMiW,Mltm It. t.yT yw, fcn i j( Lvwr Mtft HI nfMnltM - . f .'3 . AA'rl nM.it ll '! t InWrtWM tS H tkrwu. UMf alll in) JlOa UU vrt.U4, n4 .!(' Mai(r, . . i - 1 1 ' - ' ' , I ; :... ' ''' ' 1 I llipli ni fiirf Cry CtoJt, Cat. ri IjoU I Shiet, ibJ IfJitf Xii) tlulliliil. K: 4 Ftrtiovlar at lout lis fai't t ' LADIES' PRR83 OUOUH tRIMMISGB. ' liar Klreeti raerlUw, K. C I M.y-6, B. B. UtfTKlIt, Boaki Hlu, .' ' Wa. 11. Rra, Xhu. W. ATkUMM. Hopkins, Hall St. Co.. , , ', , ..w HULKS ALU -' DM GOODS MEKCHANTS, H. t) lUllliHore itrrett (Oppi: Hnutvr Streel.) . , ' niLTIJIOaE,5ID. - WM. II. IIAIGII, Attorney nt Law. . FATE TIE 7IL.LE, II. C. orrics os ou st ai.tr. Jaaaai7,lM. - "Law Copartnership.'' - -S.TTJ5, k afcrt-d, liar Uilad.f furaint a Law . CrtaapkiB. a4 ill frwllr iti Mm) Court ( tb MUwiag iau of Ul Mata I CWatkaaa, Cam-karU-4, Mjh, IUU, al J.a tun. Ji.iS.Ntxi. ' rrUtaS S. C , la' I. l- ill r J. A. SPEARS, ATTORNEY AT LAW. AUda Ika CrrU af CmStad, Harnett, aka, ! JaUaaaa. Addraaa, T ' UO-lT? nratt Cm., . C. cunit r coi J bHox 1 iTf5av aidixg . iiEp.cn UT, WilmlitfJloiu .V C , tj, w. tx-u DR. K. A. BLACK, orrics f BUST KOOUS. OVEB r. S). J. morale's -f : CkaaiM aad tr Star. rbraary 7, iai. 109-tf ANDREW J. STEDMAN, ATTORNEY AT LAW, piTTHHORoru. n. c. W. Will attrad tk Coaaty aaJ 8nMrio foart F Cbalkam, ldra, ad Hrott CoaoUea. Jalv 14, ISV4.-, .. -. ,9" "" lOHN WINSWW Attorney nt litiw." Ojie Ik Soiml !' f II- Wl 0PP , VA f-$yUUU JStink. '' ----- FAVKXTC VILLI.', . F.bniary, 1S5. ad coamior 0m at Dr. Halt's Nw Bttl)Jing, an Bow Plrft Srpt. 1855, . , . lSSS-Mly A; M. Campbell, Auctioneer and Commission Merchant, GILLESPII. STIililiT, rayettsvllia, M. 0. Fk'y 10, 1851. 6-r Charles Banks, - COlfFIJCTf OltUlta ' WHOLESALE AND RETAIL DEALER LH fvrtign Fruit, A', Cljar, Tiacro, Sf, UREA.. STItr.ET, - rayettsvllle, N. 0. ansary 1, 1854. 2tf - S."M. THOMAS. ;-; s, '. DK.ti.aa tit -. -- - FANCY AND STAPLE DRY GOODS, REAOLI E CLOTUI, HU. Cap, Bonnet, Buota and Shoo, Siiratlnga, Cottoaj Tama, lv.rtyis IWankot, ., Aa. oaasaMAHKiT and Oinatrts St., FayttUnUU.K. C. COHISSIOI AD FOaXYARDIXG - MERCHANT. WIL7IITQTi Wortta Carolina. DAVID KcDUFFIE, BRICK AND PLASTERER, i FAYETTEtlLLI, BY C., v Raatvotf..rty taader hi -arrlr. W ti la thU t(ad raTuVaadjotatas apairtias triafciag work doaa i kua -Unj.ly 18, 1K6. ' - Mly . - . .. COOK & JOHNSON, IMPORTERS AND DEALERS 1H i -EnglUh, German, and American Hsrd- ware And Cutlery. tfjiii 3rgaj a'rr ' STARK' aTvVILUAMS j Y- Art kw rvoclrinK Ihflp .' . Sern4 UotU t Jt. H later Ud to which Ihejr mil th .tUmlo of JJorthauU nk ln( Uiir furxliim U Uuj antiket. . ... ki. 10, IWfl. ' ' , li.V4f. Tnll Trade, 183G. ! ar. Parce r IS NOW OPCN1.N0, krgt m4 do.lr.ll. Stock of FALL AXU ITIITCU CUOUS, ' . Ctw(cln( ta pMt at r ' JIUck o4 ClrJ ti.ik, .. . ' Ka;lih ! t irivsh Marlon, 1'lnio mkJ tWifc'il pUnt, iom kcautlul pftttcrM, Made tod Faaey Alp.caf, ( i Kclgingt tn4 lnartlir, ' ' . ( "ir. o l'o"trlM', ' : Cxrtu. aoa Wb.lcUn hklU, . . ' Jncnat, Nair.k, Hwi nJ rVM Winn rrivh, V.-' Ui'inJ; .' j Ctinatta, Juil TrrJ, , ' MiJ, lu). "4 Krrwri, . Carolina aad ilarlWo' Btripct, ; ' DlaacbaJ and Browa Ekirtingt aiu) Slitatluga, Whllt and Co'i PlaiuMla, ' Drillit aa4 Tickleg, t. Iri.k Llwtu, foo4 aaanrtweait, Linoa 1 at i Clutka, TevUo( w4 NifUui, Miaala, CI'Mtk tail il.nulla, ' Ettra qaality J IUd UlaaktU, Kitibiioa, KtiU, tilu't", Uulatr, .. Catx. CoaoeU, IIouU, Kbaaa and rmbrtlla : a r (i-aaial aMntrortit of . ; aadiT.rr rutt U U V.U'kl.E NijTld.t ME. b.ca will U auLtat a aauU alrn fur i am, or oa tiait la pauctual e.lnwn, aiiif at W IIOLK- I SALE ar KKTAIL. All art rwtfu!! IariW4 to j B a amii oviura pmuaN. m"wm-T. nr. rEAnrn. Hay St., fajrtfotUU, Srpt. 1, ICiO. lUS-tf GROCERIES. T aia aaw rwitinf b - k at raaallf Cre X eerles, aaw.iiu( aa Mtwt ; 7 n-r ('"Ift", aaaorUd, 50 bbi, sv, 60 Mackerel Vo. S, 1 " J" j 2 tij "I, ' 10 Ilrril.(t. . . 6 Sianarl Srp, 51 Hoaaa CbM. ' li " rir Ca.llla. JS - A laaaanUM t'ulira. West lailia Praatrraa. aanrte J, Kciara, Caodiaa, a4 T. Hvf , I'aHr. aJ ftkiia 14, ' Wilt kf roawuoti um baod llWoa, Lard, Batter, -, C. JTaa alma aaaaad MWiaa, aed all atkar 'oalir kept la a Or-crjr Siura, h L. pl cvulatl y uo band, aad aotd ckraa lur ak or ua tin ta praaaot aia( caMaatn. E. F. M'KK, elir fjm; r etf iad bj II all S; Sackctt. , 8.t. U, tfeiS. . HO-lf Blankets, Kerscjn, Kfalurky Jeans, Kevtone Stripes a:td a Urge ht f JS'im, vl. i. ... v r tiiviiii? . . - .i. ' ; ' r'- - SO KEUt UM. IS lax. Ai:t. taanrleri. and super lar U4l- tU, rortalabjr , ... E. F. MOORE, At I lah ta biot 1 ai.k ta aril arr Farm a :h:z!":x:!z S) 199 Arr f ory Sat Kir Uft4. Oa tb rta tiiara ia a road orefcant, aad ku:wiaf r til siaru 10 hi rs. at. AIo Kf law Mill oa BeckSab, Tata U. Me- XeiUt.) Alao t At n La-I jutniajf th . Mr. E. II. Kraat wiU .baw ll.ta Um!. and Mi!1. to any e wi.hiaf to f arckaro, and alxt fir rb termt. H, A.BVAMS. Oct. 8, 1KB. 144-tf , An Entire Jew Stock ! Tb aulweribrr rtrffullj laf-jroia tb public, tbat ba baa rci4 bia K ICK K OF UOULM, aad Bvtibl reiu tbirM want of &naoons r.t T:oii)s, uootsj sttatt snoi:s, Ilnla, Trnnlta, Ilnrtlware, A.r., T fir kin a salt, aa h ieia acll g4 at LOW .Kg ANV Ut, aad warrant th lo fin nl-f jcttn. L. BKA.M'T, -.r"-i cnip'pit St., near the M alrrt, Farrtterir Li Octobrrl, IPVt. AGKNCY GF KORTH CAHOLIXA Mutual Insurance Company, 3 HIE sabacribur baring beta eppoiutod Agt fur 4h bv Cointrny WtU t j-kMwrU to t liiek UthlaptaecaBdiridiuty eal bamot ronill toraw. j jui, e, wo. ...... AldW'. lii'y ! . ... PltOSIMX'TI S or tcta . Weekly Express - Tb tCitiMtrilrer would reapectrully Inform Um pub tie that h will, IB a few dy, eotiiiMiai.pub!f'biii f fn tba Towa of Now-Borne, WcoUy Nttpptr ol tb a bore title, dsvotnd to t!t Intirtsta and pro.-peri. tr of New-IWrae : and of tUo tKtioim of cur Siatn, which ar lBtrstr4 io tb welfare aul adrunctmeut af that Town. , ' It will b th oljw.t of tb Expresa to itimulutt a plritof entorpruie- -to. encoarag improvement, mid th derelopoieut of tba resource or tl.n part or .ortli Carolina, t'oiamfrtiial Btnrla wil! find in if an en. rjrrtio Jroeate, which will frer b exert fd to build ap ami tabliab Sw-Bern as a great trading mart, to which th product of tha rich Watt will soon Bud y aoeeas. ..- ' Tb Ifitont new will alwaysb fonnd in it onlumn ; and n etfart will b spnred ta make tt Expres th. leading Journal of North Citrolina. Ia polities, will ba ot.nratir, rrr aroidli-g cxlrenee, aad arer eberUbingcoaaei-Tatira priuoiplra. It will ardaatlr adeocata iba claim of Millard fill- nor to tb i'ri inoy of tb Cuitod Stataa, aa big th only eaudiditto for tiiitt offiu, who baa tin lirn.m a and patriot!. in to check th wild fanaUcittn which . DOW threatening tb ttabllity or oar gorerRiaeai. It la tha deaica af tba Editor ie nka tli Kipra a aaat paper, wbioh will aqnally sapply th tuwim u tsB sod tb tkmily circle with an amount pad quality of reading matter, a hl. b will fully eompaoaata lor the auaall outlay raqnircd ta obUin it. Tsbbsi Si per annua), airwy rfne. , C. Q, DAVE.M'OUT, . 4 EUITOB AKD PltUF4rb. Hw-Brsa, S. C, 8ptiabr 10, 1850, Land for. Sale, 1000 to lwOOareaof Farming and Tar pontine LiMOIn llarntt County, and knoan tb I'arkar aad MoSatll land ; loin W illiam H.rring toa'a land aa LUtla Kier. Tber is oa 200 acres of tba best qoality of tow groapds on tb lUrer. Th 4p Unda rbfaTi!r timbered with piuea, and I with ia ail mile of tlie FeyetUrille and Woa'.era Railroad. A Wargaia saay b had tor eek, or andunwd ntee at Bank T. 8. iVTTKr.Lun, FayatUTOl, 8pt. ,t 14 8 t.niflx'j rights toijj ijrrcul .:t- TayettC7iIIe,ri C, GovuarjcR's khssag u. i It.' ; ' i , . EXECI'TIVI DltMSTW. ' ,w . - i Ralkich. Mor. 17, JS.jt;. T th Honor ahU iht Central At. . Iht SUtU AortA Carolina : Gentlemen r You bbvt hem the poji(o of the State to irprcM i.t : his General Ansembly. They liur filled to rim power, tlio liL'liast on tinporlant known to our govri.nv : lawt. Coining as you do frvb fr great body f your fcllow-oitizoos rvt-ry ieciion oC tlic State, it i . that you re Hcquftinted with th-ii and necemitiea, apd that tlinx: v i vided for. ao for ma it can h dmi-' oine Miid eoli)ilen'l h-cixlaticn. not tiiat every elTort.wili ho rrr ,' part pot to dinvw'! f t' I aura y.u i..ot my (ml, jio.vcver (r, , i t at all times be given towards lac,!.: ii;. your Inborn.. ' j - ' , B Tore touehlnc upon matters copecriifr : more especudly our own Stale" and polity -" " - v.. ,h . u. m.h .w U'l'll I ' .L huppy termination of the ejteitinj political coolest Ihroiigh w hich the country bat late, ly passed. , b or the first timo in our history we have een an attempt seriously made by one section, or more properly rpcaking, b a politicul, party of that Section, to net the contrrj of the difPrenl departments of the (reueral eovernment, with thedeterniin'itioii eiprend to adminial.T that governnent oti strictly aectional party ground, It was virtually an attempt to degrade one section und to endnnger its inMitutions, nml to Jcr ny to it those equal rights aTid jri ilegea o aK;r-h alt ih K;ats in t!ae Union are en- Ii I d, and which Litherto they hare en jojed. True it is, 'th.it all this was sought to be doi.e according to the forms of the conti tu ion. ljut Hie attempt was not the least atrocious lor that reason. The general government was intended by ita framcrs to perate for the proteeiHsit mid safety of o!I, and if properly ailminia tere l, wiil only bo felt in the most lx.-nefi-ccM inaniiir. J!ut whenever It in seized ujKjn, een under the t'urmn of iheconslitu tiin, by one section-of the country and ao wrested nd perverted from its W.tlmatc purjKc as tolk-eome an iustrunietit ol'op jireaion or degtadation to tlse other, he kuows very litiie of the Soutltern pejle woo oriieves mat tuey would rtibmil tame ly and ignominotuly lo socf a government and lo such a Union, however dear one of a diilerent kind may be, and. 1 trust and be here, is to alL - Wnalever may have buen said to lhe contrary, we of the .Suuth have lay seajettt nirve tta sAttirt of the coOh-1 try or iis govemnwat, ao as to advance our own peculiar riew and interests 1.1 tiuj ex rcne of any other seciion. All e havo a.4ed for is ta be protected iu the rights Secured to us bv lhe constitu 1 ;orli 1 Jt t ahme'lll their t lij.iymcnt, and I i j d lit thecoiumofi temtOfieS ol the I ntoik . 31 ore tl.an tins we hat c not sought to ob- I tain. Le4, it true to ouueivti, we will i never submit to take. Uuiled. as we have been, mainly, in the late eotitest, we have nothing lo Icar. Foi a timq.niadness and fanaticism ruled the day, and the iel, the lesl imJ mot pa ttiolic in the land iere tilled with fear and misgiving Hut the result khovvs that we have as friends a l"iirfiud iiiiluential body of pa'i io'ic, CO.tser. alive, nafional meu al the North, . wJio. m a crui like the one we hat'e passed, n.e readji nt every hatard, to stand bv t!ie Union and the l ights of every sectsoo. The tat.k set belois t.'ietn, I regret ! to fay, was one not eacy oi aoompisshment. But well and ucfvully 'have .they per formed it, and 'en tilled thcmHvc to ihe i thnnks and plaudits of nil and the eternal i gratitude of ;l.e South. For the present the ! contest i.t eadwl, fscthaps to be renewed in j a s'lort inie. JLct us lit)pe.qt.beryi!; cud that jeace, order ami good leelingjnay return- and ubido with u. i , One of lhe foremost slatesmen of the land, mart ermnent-tor hir- tatcmai-of greist J,nyWMlge and experience in public aifaira HstnnjsPnf.w moderate, iq nil things, ami vhoe rfiiva'e lifo has. been -as pure and irrejiroaehabla ns hiij puhlio one has been homo-able ami use ful has been eiec.'ed rreM'lent. of thcFe Uuited Sld!a. Scarcely i.'iierior in all the -qualities of ft statesma.iv.. though of fewer jviio end les expettence t public nliairs, is he who hrs ben elected. to tho second olfico within our gift. v. . . With tho legislative department of the government iir accord, surely we have nnr pie reason to hope for tvsueAessadinitiis Irationorolif tVotidniil aflUir, a rfistoration of peace and harmony, and a strengthening of tha lies which bind together tho States in one National Union. : It gives me pleasure- to be nble to state" to you tliat since your last session, the gefier nl condition of the State has been one of prosperity and improvement. ' Our public works are steadily ad vancingout colleges and schools are on the inci case., iuid are Ssnerally in a high state of prosperity ; our ommon School- systemy though by no mean perfect, is yet gradually improving and manifesting very decidedly some of tha benoliciul rosults anticipated trom it. ; Our great inherent, agriculture, to say nothing of others, is attracting the notice it deserves, and our people are on the enquiry for the best modes of improving their lands and in-! creasing their crops. Upon the whole, our! physical comforts are being increased,' vvliile It is believed that our moral condi tion, as a people, is improving. And though one ol our grain crops for the present year has been cut short for thewant of timely rains, yet in view of the manifold blessings we have enjoyed, and the evil from which wo have been spared, we nave ample,cause lo render thanks to that kind Providence 's mi3 ?rfl,'J D Da WI ,Dl1 lay K07caber29,7331 rV " vliich hiiherio haa ao eminently blcusedour pernio and eouutry. . , , , The f.rt luhjocl to which I deire to ea!J your moro pnrueulnr attention in, the im--ortant mo v( the publio tlcbt ef the State. In aJranee of llm report of the Public .'reawurer, which will in duu time be pro ntt'd to yoa.thatoflicerhai, at m requent, riiished im with the following (tfitctnent, nvins' the indtbtediieM of lhe Stuto by rdt, the vnrious itemt composing (lie :e, f-r what purpose incurred, and the .o tit, which thene suini rieclively ftdl . AMOCMT. (- Ilia. n ! on te't at h UuU.B railroad ('Xt,000 00 Jut. 1, 1600. it i- H I at rundrjr - .ii-'.a ta uia ' -iv . f ( .iji fjr, ta tli H k . i eeiatr, boivUirr d.'.tj ij oa acoiaBt f r!.i wmrat b tba Suta lt ih Laleiuk and tiaa. i tUroad, 200,000.00 la &. r tiac paTaieot of Ilia dvbt uf V.r. kuto, auicd Jaauar i) , da do, F. 4 V. P,aakr44 bnads, rutsiug twrmj Jtrt, l9 do . do, Oa ', . lo ' do, lx - do do, .Tl lor(ouig ara rcfis t 14 boada., XL foilowiog ar aoapoa beam; cuular act of 27 Ui Jau 1MV, for aoaitroa- 40,000.00 la loO.UUO.W) la 2GJ5O0.00 In S3,&0 (K la 0,0 W. 00 la 2y,oou.ou la 1RC1. mi. 1BT0. 1870. .1871." l7i. ttaa f liu4ui A taUit llaibwJ. au4 for iare. axntof thr aatigkiiua of tb N -a aad Tar hrtr, .t.g jss jfsr ' -Da do do, lo ' do do, Ua araoael of X. C. ftail'd e;,(rJO0 Jaa. I, ltf). tl.UUO.UO Jal 1, loOa. bvmit, tiiiiuiBj &) jaara, ll do . do, to "do do, l' do do, i d do. 600,000 00 Jaa. 1, tVJ.WWOO Jn'.j 1, lio.'l. 6o),t'Oil IK! Jui. 1, tl. li.lHi0 OT iuljTl, 70.0WI 00 Jam. .-w4. te F k 43 do, l.OtO.OOO.W Ap'l I, lboi, C. riu.krok'l booUa, ronaing toaatr f rars. 20.0-)0 00 Ap'l 1, !e'T5. 10,M00 Jul; 1, lS. ,OW).0O July 1, 1875. 1 dj da t. A Vuim rtackroad -itHli, rnwiiaj jan, Tr rir r, avirr act of I tk Feb' ry liCj, b-uida riut ainj Sua ytara, Lba A'inui L'daj raa- mag 8:1 ", . P . in, A laati ai. IS. C. luUraad buaJf, roataaf 0 jcara, U da do Watra A K. C. lUUroad lJ, rattniag 20 Tfara, Cx"M I'M- avotiey oaanod M ic fuu-1 bj' rcaulaUoa r'ieiwrai Aaico.b!, K-jtA if mmtrf I orrvwed 15,000.60 Jaa. 1, 1883. o,(xv;,oo ;m. i, iw. Itf.WlO.W July 1, lt. SOO.f 00.09 Jaa. 1, lr-S. tW.UJO.OO Jaa. 1, lHf-5. SOO.OOJ.OOiOet. 1, 1S. 40,3.M $'i,oa,bwJ.M Tj tonka of tba Trcaaary funbr show aa In.toht edo by tb but tti tba L.t-rrr Fund oa ccut, oo l. lit fT.'br l'j'rti, i.( f U J.I1 J.b'.. hit pr arr a fta'a thai Uii ani-itnt abusiJ be iarreaatd I r j abrttb an of f 3j.tr3i.32, fur icWirct on bond of : l-l. hul 1 K I... I t.rr IImM -. k ,w V. .f !..! ', aaraai i. FarUier j w. upon coupon eooiia of U Mate ff bU aa tart of tlic literary r eo nt wiU be maJsto tbajoaturtwfur eoattluauiz j H. . ..... M .U... B; Tirlaa of kpaUti w at tha last Gorrl A'aoia Mr, itMa txvnJa fur tba following amount are ret to t add, and ! rood applivd aa f lilewa : ttjoitvia and Albetaarla I'Ucikrwi, ruo u,i ita jcart, ' fty taic uoj Waraaw P;anVroal, rotuaing it,aora, -Atiattif aai N. C. Bvilrna-t, for balaar of $20,00- 6,000 hue . ntnaarijit'oa, Si) year t!, and a bi-k U1 proadbly ail bo called fur ta tba u ling y. ar, ffutru aad ii. C- H.ii!rd, 50 r tx l, fjf b!n nc? of l?tit' nbrript1oa,-nd aitb wid rrob4l!.Tbeilied frbrfro tb tiiJH af tb ' i i I, ih-itU A inblr, likait A )1 iiu.i ' r t,nn.it, i.l ba tta'r-. 4 It aa wu-ly vUy, 5-3 tiOO COJ.000 1 2l,ouo j total,' fl.lW.CflW I'ytirtae of a t. pa.l at the lt General A sntviy,.9i0.M0 was auSMCribed to the ftrk of the tadata h'trtgirtiea Company, of which $'MJ0 has iVonfuiil, t-ti l aakr the provision of B vimtutr ''. $.11,1: was aulMcritWd ti) ' the of Xsw Kite, S:,vit-itn Ooa'psny, of rbieb JlCKOtiO bs beenpid, Ltaiinf ta its piid th tin of f25;ixm 4--fo fnmtti-h-mrra.'mi -etit rrf ordinary fvndr.btihS treasury, there beini no prorijioa for ritil'.r Ui W wiy in, aivr otucr waj ; aol the above lulaiv. u.'i.l b )aid iu the ag uaotier, uuic other prwliicB !a aiado therefor. Tie Ptata ia bound, as-indrser, 5 fullows : On bocda of Ui V lUuinglon aad Weldon R. RodCvwyuny, , - VJ59,000 On to;i lJ ot Cape Fear auJ Deep Kiver Xt. ' Co., tailing duo in. the yew lhaj, 800,000 On t mnl of 'hapeke and Albemar! Ca- ' ; a.4 Co., UtUjig duo la 80 yoarr : 50,000 a. 'r4 State Ji (secured oy mortgages, a? b'.( i't'ii 'tot' the several acts of Assembly 4!i',t-li'ng the ttbove endorsement.!..' Of the amount last named, $30,0.13 only ofhi:ul.. has been endorsed and delivered bv t'.o -puhiio treasurer. But the . whole 'fonmit t ta put down, its the co npany h;ts given tho .certificate of, thcjcquisite sub-' scripiion oi slock ia the same, and execu ted the mortgage required by the charter fo eistiileit to the endorsement of its bonds, to U: anouut'siated, when called for. V The interest has, for many years, been paitl promptly by the first' named compa ny any its present prosperous condition rem wen all doubt as to Us ability to pavl . . T for the future. The interest, has also been Eaid on the bonds of the Capo Fear and ee;i III ver Coin panyT The bonds of the latter Cornpanyhave been issued within tha post six months. . " From the information unofficially receiv ed, H is highly -probable that the Wilming ton,; Charlotte and llutherford Railroad Company will so far comply with the terms of its charter, granteJ at the last session of the General Assembly, as to- enable it 16 call upon the State for endorsements of its bonds. As to. the probable amount of such endorsements, or the timea'when they may be culled for, I am not able now to 7 give any ; definite Information. It is proper, however, to refer you to the charter of the company, and to stty that more definite in formation wil!Te laid before you during; your session, should it come to my posses sion.' ' . .; ..-;.. 'j Jiuahi ft ilrrjr. . 1 may ahio rcfec you to the charter lhe Western JV. V. Railroad Co, by which the .Slate ii pledged. to aubicribe two-t!n'nJ. of lhe atook for the icctinna hereafter to be built, should private stockholders hubscribe one third. In this detail of the rrescut and Drosnee. live indebted nosM of the Suite, 1 b;tve otnit- ted temporary loans by, an indebtedness tuu.o ui me uniias oi mo OUHe. amrmnrrt i i . '. . .. nv reiioiuiinns oi me last uencral Assembjy. Ihosa liabilities are fluctuating, and will niire properly appear in the reourt of lhe P'Utiic treasurer.. . ; T p.ert these ,liabi!iiie fjcsides the iiKiisto ta derived Iroin taxMion -and o' Is lsrlina k "-.. Treri : I- . t. ... '.J " - fill, N. C. KaiiiWMt, krrfrrd S perct., " , Atlaotie A Ji. V. Hilroa.J, aaidbr," . WaatcraN.C. Railrvid, raiJfir, , i.lKjO.tCJO l.ooo.'KiO 6J1.I.KJ0 iMO.OuO Bailroad ttocki, fi,:uo,5oo riyetUfiila A W.t' P. Unlock, r rai', SI 20 nk) Fatiil!e an! Warsaw, ' JU,(j"0 ractUrlll A Albcoiarlc, pm- J for, 3'J.ooo riaukroad atook, ' Sew lliror 'a. Co. stock, t fofiia, and paid ft.r, Taiikia Xf. Co., paid for, ' Cap Ftar A Vwp Kir. Sat. Co., " ' 5ari(attoa stocks, i Tli 8UU alaok -.Ma tb boad of th Wil ulojtua aad Wrld'ra KaMroaJ CompasiT, apoa alicb th ibtcreat if irgu!arl fkiil, ft 00,000 $10(100 u,000 100,000 j H75.000 $50,000 00 Alto, tot bandf of th 8aUoanI and finns- ok Uji!r.i I C'Hipanr, u-k fur f j. bp 7 '14, -Int- I Jau'y SI, liil, payaSla in two raanaal)y, 10.T71 2? 00,T74 28 No interest has been paid on these last named bonds, and the Uer.cral Assembiv extended the time of payment Of print ip ii and interest on the first bon l to 31 Janua ry next, and should the same ba then paid, the time for the payment of the principal and interet on the o:her bond was exten ded to the 31 Jauy IsiO. In thii) connection it may be proper lo say that 64t),CtM1vas apprt-.rutteJ to the improvement of .eue river, and that after m iking the uney ottiie river the b.-tlanee waa subscribed as directed, to the stock of the Neuse Uiver Navigation Co. IS'o report has been male to me by the President of the company, as required by the charter. But 1 Jearn unofficially that do practical benefit has resulted Trom the expenditure, and that the property and ej ects of the coni!ai) v have t'i kui a,l J on- der execution. ly icue of the act cf ISB-'O, 0f0, and by the aft "of lSSi-'S. 15,l!0'3 were appropriated and raised by the sale of bonds fur the improvement of 'lar river, to beex- pnded under tsse d.rection of Comtn;.- saion- e J app.ilittd bv l.e Governor. No rro-; ' - visioi' w'S made for charging tolls on the river; and the sum expended is not inciu 1- cd. thrrefore. am just th sinrla -r.,,t eu, irtrreiure, am jiig tne slocks owned bv the SiaifV . ' The Western Turnpike is owned entirely j "r 'hereabouts, making the whole amount by the State, a'sd wiJ be noticed more par- i'JC 171,045 IS. ticularly here f'e.. -'- j .A cousiJerabie portion of the balance That State tian also some ineotiaidi ra'.le j appearing ou ihe books' is principal money, nmoutit of t.H.k in Turnpike Companies, aiJ ought to be invested how much' does which have not lately been, nor are l.keiy n t appear frow the account, but may be lo becom, profitable ur of much value. " aa-ccrtaiued. This balance has been aecu It h hardly nece.si.try to ad 1 ihst the j muiaUug for sorae years. A iargc portion other railroad and navigxtion stocks mvueJ j f in ittterests. iueutkned above, a not by the Stale, constitute a part of the Liter- j ary t und. The rece pts into the .Public Treasury for the two last fiscal years, ending ilia .3 1st' u otK.-r, iaufj, are Mule ai-.iodovvs, lo;n the bookis of that office : ..; f"iei ye'r, F'cal ya'r, ". le.4- 6 16oi-'ii. RuIeiA Outon B. U. d. .$J0,712 sJO .250 00 Kay. a Wctera TUnkroal do. i.fyH) 0) 4,J 0 Tax oa Attorney's licvn-e, ." 5S ) 6:15 bo Tax on linnk (ttk. . 7.873 -ii U.1828.1 I stt'st on W. A ii. II. toads, ," LAjWtJ 0 ' Cberek bopda, . . . bta eO l,Si)OPO i'uUioT, 'S;0,iUiiSJ41U 84 . , ' f 3i7,E7o ts f 9ui .a; To th iti-m '(or public taxes received for the last "fiscal year s'iould be added th? sum of $10,211 .34a"or default by Sheiiils, the larger portion of which has since 'oeeu paid and the residue will be coiiected, Tt will appear also.thnt the sum of 83,'- 000 interest on the bond of the, Wilis t ing- J ton and Weldon Lai Iron. I Company iv; Credited, the last fiscal year, f Properly speaking, it should have been, wat ommit- ted by mere oversight, and will be found as a credit in the present fiscal year. In cluding these sums the amouut of re-venue for the last fiscal year may bo set dowu at $405,113 31. I regret to say that tfeamount-w41-be ( less' m the present fiscal yestr in all proba bility, by the dividends received heretofore from Raleigh and Gaston Railroad stock, and partially, if not entirely, on stock iu the Fayelteviiie and Western Phnkroad, No dividend was tnade at a' late meeting of the stockholder of the former company, owing ".I ..,..1 i . - to the fact that the earnings.of theriompany were cnielly excndcd in heavy anu exten sive repitirs to thai portion of tho Road ex tending from Gaston to Weldon, which, though lately i.uiit, was so defectively con structed as to render these repairs indis pensible. ' - -1 - - " The bridge over tho Roanoke river, 'at Gaston, is . also undergoing through repairs', and lartro sums will be required during the ensuing vear tor Dom purposes, it is ex- pected alter these repairs are made, . that lhe slock ownod by the Statein thia' com pany will again be remunerating. ' : J' 1 J l 1L , V present year of tho Fayelteviiie and es-1 1 'a. . ... . i ioaiviueua nas oeen maae uuring me tern riaukroad stock. 1 be construction of tho North Carolina Railroad has, it is said, impaired to a considerable extent' tiie business of the Plankroad, and it cannot now be safely looked to for paying the hand- , . .. - : . - r : i:i3B ... Whole No. 151 of -r-r- -r aorno dividends which it formerly yirjded. It ii conlidctitly exacted lhat tho Worth Carolina nuilmaj will ultimately p.ty good dividenJ. Ilia hoped lhat it may pay dividends at an early dav. and thua i " r.iuiy rtneye ii r puM.c treasury. But I am not luliieiently informed imnn th n!.- iect at this ll.m. ta form a to, I as to how soon such may be the cae. You f Will. no'rvir. iirr.ln.hli l,n..A ....u iTobably hnve sueh infor. -"V .. maliou laid o. lore you during tho session, as will enable you to de'ermine whether, any aid may bt reasonably expected from that source to making 'provision t- meet the liabilitie 3, jreaeul anj prct-iative, of the rjlaie.. ' "',' " .. Th ordiir-.rv exnenws of the S'ntrtVi., M-t.frt.-.Llt.tJiVill not. I ih!nV. rtcecd 1 170,0607 or an average of $83,000 per year. They will be more this year on account of your session, and les the next. From the staUaeoU giveo it will appear thst the intrirt payable annually on the pnont hooded debt of tho Stata is Ia02,o28 15 And upon Loads to be LueJ nnder esmuig Uw tba greaier part in the preacnt IW-al year, And uuleas proTivion is asade for 70.8CC 00 rus.iug it otherwise, there must be paid out of the Treasury, ia ail prulahriity, for tLa Vadkia & . NtwBiver JSuvigaliuoC'o., the u"i or 25,000 OO It will be seen, therefore, that the preaeut revenue of the Slate will fall short of Meet ing these liabilities, and that further provis ion kliould be made for that purpose. I drew jt a miter, too, of the first impor tance lhat proviiion should Le made for the uliimate payment of the principal' of the debt cf iht kut!; preisst aud. prespeciire, by creating a finklt,g fund sufficient to meet llie several Lab.l.ties as thev fail due. iVudeiicc and a wise forecaL as vll the exjserience ofj other States and govern--mcnt, w ould stem to dictate such a course, and the debt can be more easily met and extinguished in this wav. Looking to the present only, policy would eeem to require it, if for.no other reason than that of maio t.iiuing our credit unimpaired, and thus enabling us to use it readily upon the best terms for extending our put lie works, or for other purposes. The efl'icX- of such S ytini- would surely be to kee rr mr State bonds at pur (a very important considera tion.) and ia all probability lo put jJieut at a pre mi urn. I sifPn.it to your better judgment as to ihe best means lo be adopted for raising such o fund, advising, ho wever, if one be pro tided, that its management be entrusted to a eooj'l'H.tvDt Uiard. with a Secretary ; the a uuiit; i ii-asurer w oe maue me treasurer ol the board, but the funds to be kept sep arate and d.siiuct, at all tiuies, from the o:her 1'ur.Js of the istate. li Las been alreaJy stated that it appears from the bookj of the PuhJic Treasurer. that ii.ere was due on account, to the Lite- j vary Fund, the sua. of 140.112 66, on. the j 1st Xovetubcr, IsZO, and lhat the Slate was 'uxtuer mueoted to tliat luna Tor - interest on sundry bonds, ia the sum of 630.632 32. carried into the account, is due upon two bonds of the Stjte, cousiituting the item of ' 13.3u0 55, ia the sLaieiucut tiiven of tiie bonded debt ol the S;ate. These, konds were executed by ihe Public Treasurer, "in ' the yeais IS IS and Jtsl'J, by virtue of aje-sotutio-ii of (he General Asssmbly,- in lieu of oilier fun is belougiugto the Literary Fund, wfcuh Were taiiiien-ed to tiie . State Trea" suiy. : N iiiterest Las been paid upon' these bond. Calculated to the last semi-annual p .y day on Same, the interest amount's to "' lite sum of M4i$iS SO. Under the cireuir. stances presented, and in the present state v of lhe public treasury, 1 resecUulIy rtcotn tnend this a':iiiuut be converted into prin cipal, and that the Public. Treasurer be re quired to execute the boud cf the - State-for-4-the hame, to the. President and Directors of the Liserary ;.;Fund, bearing six pr .ceat.la- terest, pavabie seuii-annuaiiv. ' tlui existing Jaw on th uljeet the coupon bond of the State are payable to hearer, aad no endorsement by an owner, or holder it repaired for their tfanSTer" '1i... The holiler for the lime being -collects the coupons for interest, and may collect tho' principal -money w Uen dui As a general ; rule this provision is best, for bouds thus tranierotblo'are moretiakable in the North- f rri market But it has been suggested to me by some of our own ciuzeus, vtiio have made permanent investments in the bonds purchaaed eiltur of tile Public Treasurer or others, thitt whea a blder or purchaser of a boud d Mires it, lhe Treasurer of the State should be required .to note fho num ber, date and amount of the bond n a book to biJirtjithaipu.rposc andMa ahQni4t UjloiJErs, and also to endorse upon the bond that it ii transferable ouly at his olice by writing ph the bondwitnessed by him. It ia generally the case that holders of thee bonds among our own citizens, have no safe ' place to kevp them. They are liuble to be lost, stolen, o.r destroyed by ac cident. The Consequence is that those who hold them feel insecure, and those who do not fear to iut est in Ihein. It feeins t6 mo such a provision should be made, and ev ery inducement held out to our own citizens ' to make inVestmeiit in tbee securitiea. It gives me pleasure to lttlorm yout that by the last Central Assembly, our main i- ...a" L:t-aa.I .a nrr.trsimai n M kunr lines of Railroad improvement ar being extended; cast and west as rapidly as cir-- cumstunces w ill allow. On the 12th' of September, 1353, a suier!ptitn, on behalf of the State, of f i "..pflft.O .O, was made to ths f , 1 t I 1 - e aaw 'ai--.d
North Carolina Argus (Wadesboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 29, 1856, edition 1
1
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