Newspapers / The Durham Recorder (Durham, … / Dec. 3, 1856, edition 1 / Page 1
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UNION, THE CON 8TITUT10N AND THE LAWSTHE GUARDIANS OF OUR LIBERTY. Vol. XXXVI. HILLSBOROUGH, N, C, WEDNESDAY, DECEMBER 3, 1856. No. 18C7. FALL -AND WINTER GOODS. TAKE this method of inviting lb attention of 111 cUiiene of llillaborough and to adjacent country, new supply f Staple and Fancy Goals, which has been elected with much cere both u regards style and terms, thus enabling me to oiler much in ducement to purcbssera aa in sl(blisbment io lb country. In order to eueUin fancy business in ao limited market, I find it necessary to keep up good assortment of the ovist desirable staple good. To this claa of foods I call tttculion, as tbey btv been select el of the best style and quality, and 1 am aali.Ced upon trinl they will give entire satisfaction. To tba M lowing leading articlea I call especial attention, vin Bleached and unbleached Cotton (Shirting, Flannel, Ulanketa, 10-4, IM and IM Irian Linen, Calico. Urea Good, Black and Fancy rtilka, tlbawU, fthorsof almoat every deacription, Ldie' Cue (jailer and Walk ing Slioe, abw Wervants' rjboe. No paina bav been (pared to make the assortment of Millenary and Fancy Good eompleto, therefore Mr. Owen, who will give her attention to thia part of the buaineaa, flatter herself that ah will be able to meet lb views of all wlio may favor her with their patronage, bb will aim ba able to furniah a great variety of dreaa and cUkTrirnminga, and will aid porcbaarra in (elect ing auiubl kinda according to fashion, Ac; alao all the material and pattern for making up Cloaks, which ah will have esevuUrd at abort notice. Aa great bargain ar attractive to moat persons. 1 invite attention to an elegsat lot of heavy Hilk Cloaka and Mantilla, which I bought in eoaseijuene of geling them greatly below thcirctul value, and will offer Ihcm at price acco'dingly. Any person wanting such an article would do well to call anon, aa I am eali.fied they will not ba diiroioted in their ciucctstioa. In shoit, I only aolicit n elimination of the dock to aaliafy all that I aim to open a trad with lb public that wm o to in mutual iwncul ol an panie. 11. L. OWEN. October M. ti NOTICE. OY virtue of a Deed of Truat, executed to tha sub-- aciber aa tiuslee, by Vauehan &. 8weaney, to accuie certain debt therein mentioned, I shall sell to the highest bidder, lor cash or on a ahoit credit, on tha 29th of November ncit, all the property conveyed in aid trust that ba not been old privately. The property now to mil eoiiaiat of a Hack of Land of about 300 acre, a Merchant Mill, and Haw Mill attached. This property is at Viughan'e residence, on Flat Kivcr. Tba land M very well improved, aeveral out bouse, very good Hlore House, and a hous suitable for a tobacconist, ready for business, &c. V. V. PAKKISII, Trustee. Octobsr 18. 63 WANTED, A GENTLE MAX and l..dv, of Classical attain. taenia, to lak cbaig of Red Mountain Featal Academe, at its nail acssioa, to commence about lb 1Mb of January. AH eomnnnirilion sddreserd to the subscriber will ba I'omptly (Handed to. GKO. YV. JONES. Sec'y. Red Mountain. August 18, 1866. 64 3m NOTICE. rpiIE subscriber having engsgad in, the HOOT and euub uuwiiru, win rnueavisj io give aaiwiao lion u ail wno may tavor mm MB llirir patronage. II has empleyad Mr. James I'arks to conduct the same a. hi. Agent. D. C. TAKRS. October 28. LOOK AT THIS! I THE acting partner in our firm ia making arrange ment to Irava the M;t ibis tall, and it ia mdinpen- aabw that our acuwata ba closed up. Tbe capartner- hip r i pi res by it own limitation tha last of tha paeaent Month, and we give timely notice to all person indebted to aa to nuke pincm asuieasents.e Ineii eccejate will b prnptly banded out tor collection. LKATIIKItif, LATTA & CO. Heath Lowell. 814.10. 6 Driscoll'B Balm of a Thousand Flow- era, for purifying tba Completion, lemovlng Pimple and Ringworms, and cleauaing tha Teeth, Price 25 cent. RoHcmary and Castor Oil, for pre venting lb Hair from falling out, and for etrahghtening ne growin i-rice J3 eenta. Dnscoll 8 Coloring Fluid, for chang ing gray bair to it original color, without staining the skin or bands In its application Price 60 cent. rut aale by J. C. TURRENTJNE & SON. October 20. CI FAIR NOTICE- A LL person owing nu, either by note or account, are eaineally requested to call end settle the same. VftU may find ma two doors below Webb's store. A. W. IIEuUi'ETIi. October 21. 62 GOVJSKNOR'S JflESSACilS. Executive Department, Raleigh, Nov. 17, 1856. To lie Honoralle General Ammlly ' ' of the State vf Forth Carolina. Gentlemen: You have been elected by the people of the State to represent them in this General Assembly. They have confided to you powers, the highest and most important known to our government and laws. Coming as you do fresh from the great body of your fellow-citizens and from every lection of the State. it is supposed that you are acquinted with their wants and necessities, and that these will be provided for, so far as it can be done by wholesome and enlightened legisla tion. 1 doubt not that every effort will be mode on your part not to disappoint these reasonable expectations. For my own, al low me to nsiure you that my aid, however feeble, shall at all times be given towards facilitating your labors. Before latching upon matters concerning more especially our own Stale and polity, allow me to congratulate you upon the hap py termination of the exciting political con test through which the country his lately pass ed. For the first time in our history we have seen an attempt seriously made by one sec tion, or more properly speaking, by a poltti- t lite cal party ol that section, to ce J . . - w of the till Notice to merchants. rfHE term of copartnership of the firm ol Leathers "- l.alta ex l-oH at etoutb Lowell, having eipnrd, I now offer Ilia aland for trot, which I consider one of tba best io tha country. The 8tore Houaa ia large and well arranged. Il is locsted immediately at lha Acad emy, and is aui rounded by an intelligent, substantial, and fabhnablc eommunilv. As opposition near. Address the subscriber, ftouth l.owell, Oiance coun ty, N C. intiv it I PtTttcDa October SO. 61 Sought to WANTED, RKJHT AWAY, in exchange for new Goods SOU yards of Woolen Jeans. 300 " colored plain wove Linseys. 900 white Do. BOO " of Tow and Cotton Cloth. 400 " of Illue-striped Coll on Cloth. 200 pair of Wool forks. 200 lbs.home-pun Shoe Thread. Dried fruit, Corn, Meal, Flour, Plat Heed, Pea, eVe. JAMES WEBB. October 20. 69 JSS. STOKlEX, - ALtl. OLDHAM, STOkLET St OLDHAM, Grocers & Commission Merchants, WILMINGTON, N. C. ftepteaabcr 8. 66 SALT1 SALT!! 2 CCifi H,T f Liverpool Ground, daily expected ,UUU d.rrrtlmm jeipool. MO icke Liverpool and Marohsd'a Finn. S.OOa Bwdiel Alm, for aale by J. & J. h. HATHAWAY k CO. Wilmington, July 10. 471 Valuable Land and Mills, in Orange, IUK SAliK, THE undersigned, wishing to engai in other hnai eras elsewhere, oflrr for sale Ibeii Land and Mills, situslrd on Eno River, about arvew amir east from Hillsborough, ami within one mile of lb S. Carolina Kaitrosd. Tha above tract ia in a fine and perfectly healthful situation. bating on it a Merchant Mill, (three aetsof atones.) with a good ruaiom, rWiw Mill, Work Kbnps with water power ttcbel, Wore Houae.twogood Uwellines, with fint-rate Ice Houaa and all neereaary out-building, and thie Tenant'a Hnuara, with eiorj lent Ming st each. The h noses, mills and shops ar new and in compkrlf order, lb milk making aa good flour as any in the Mate. The land is suited to the cultivation of grain or to bacco, and eonleine atwut five hundred and fifty acre, about Iwa-lbird of which are in wood and well-timbered. It abw baa on it a young orchard of choice fruit. Ae long lima will ba given for pajmer.l aa may be desired by the purensaer. J. V. Si W.MXUIT.V October 21. 62 A OAKl). n fian rn tfs-wvwenTirsj Jijiii.j wiii u-x.n auaii. tUVIMJ locsted in IlilW-orooth, reaneclfulty of- fers his profrsstonsl service to lb rilixena of the Iowa and surrounding eounley. II can produce salis axtnfy teslimonwls of bis skill in tbe profession. Office at tha Union Hotel. When requested, fami nes will ba waited on at their residenca. Charge rea aoaablo. Of V'- R- will b in Cbjpcl Hill He first week In starh month. February 12. BRUSHES. Hair Brush, Tooth Brushes, Iail Droshee, Fksh lliuebes, Fsint Urusbes. Kho Iliusbaa, Long Ilrushea, for ws.lung windows. tor sal at ib DHVQ STORK. NovemUr II. 64 KE.V FALL AND WINTER GOODS. September, IH.'VO. I AM now opening a very larga flock of almost every thing, including about JIOtKi worth of KKADV MADK :l.OTIIINO, which I have bought at low price and will be pleased to sliow and sell on aeensjodalin term, cither for Cash Of to punctual dealer. All kinds of barter wanted for gnnds. JAMES WEBB Mnttrnhor 30. & To Wool Growers. Tit Y Machine ar now in order for Carding wool A'l and making food roll. The bringing their ..it miaiai an denend no tvtlint good rolls, I'riee 6 tanllng, eenta per ptund for unmixed, lit oral net hound lut sniiina. or on fifth of the Ul. fisiaeed. beeswax. Ullow. bacon aod lard will be taken in pay"1" " Carding, aad e.ivi money will not be rrfueed. a aomelhtng will bt e i peeled ia psvmrwt fefor lb roll am taken from lb JOHN P. I.TON. r. MC1I0L8. Mv firiitt Mill aro in the lieit order, and csn itisfMitch wmk at het notie. Barrels kept on band band for rustnraera. Tb best juke paid for Mb.-nd. JonNFu.oX Ilf ltJSti and WT for 8ale. 1 ittTrt for le. e accommodating . ,tr.iislila Hons) and IhH on i - - , , ... Umm Mlreel. How eccupiea oy ' )MA9 WEBfJ vi.awrw 1 1 1 1 lb 111 .Jill HI III To all whom it may concern. TSJOTICB h) hereby given, thai t have granted In mt ll . IJ ftvkes. fre M-rmiMinfl In lisneart b4- . x k.LI mnonsibls ftt hi contracts In as full and perfect a tsanner a if b wee of the fuH g f lwenty-no year. I rciinjnw n n ceo, and b.lllnrft h 'ld myilf leaporwlbbi for any ef hi angsgementa. R1CIIAUD SYKES. Kevsmbar 11. Mslrb 12. 7- E. J. LLTTERLOH. W. P. ELLIOTT. LUTTKKLOII & ELLIOTT, General Comniijvioii ami Forwarding Merchants, WILMINGTON, N. C. Dealer In Lima, Calcined Daner, Cement, Land flatter. I'lastsring Hair, dtc dir. October 27. I JA8.C.8.MITH. MILES CASTIN JAMES C. SMITH k CO. Factors and Committsion Merchant?, Ko. 3, Booth Waif r Street WILMINGTON, N. C. try Particular attention given to tbe sale of FLOL'R and other Counttv Product. Orllr23. hi ly JOSEPH R. BLOSSOM", Commltiioa tx ForwardbK EIrcliant, WILMINGTON, N. C, Will g'te hi personal tdention tobuoines entrusted tn bit care, and sbtpe' may rrty on nsvmg nrontrt return. Liberal advsnces mail on consignment af atl kinds of Country Product for as 1 In Ibis market, or tot ah menl to ttber ports. ITnniienments of I tout aoliclled. March. 1854. Lumber for Solo At the Raleigh Timing Mills. 200,000 fret tlrrxsetl Flooring. 100,000 11 " AVrtthrrboarding. 50,000 Ceiling. 100.000 Thick HnsnU. THIS lumber I of the eery best long leaf pine, brought to an eisct thickness, and will ba delivered an board the rare Ire af charge. The wishing I puicbss will, on application by letter t otherww, b furnnriea with raid of ptiias, and all necesssry information a t freight', Ac. J. D. IIOCG 1 CO. nlein, M srch , control flercnt tlepartments uf the general government, with the determination express ed to administer that government tin strictlj sectional part grounds. It was virtually an attempt to degrade one section and to en danger its institutions, and to ueny to it those equal rights and privileges to which all the States in the Union are entitled, and which tlterto ttiejr have enjoyed. True it is, that all this was be done according to the foims of the con stitution. But the attempt was not the less atrocious for that reason. The general government was intended by its fratners to operate for the protection and gaiety ol all, and il properly administer ed, will only oe leit in lite most ueneiicunt manner. But whenrver.it is seized upon, even under the forms of the constitution, by one section of the country, and so wrested and perverted from its legitimate purposes as to become an instrument ol oppression or tie rrarlatinn tn the other, he knows vertr little ol the biiutltern people who believes that they would submit tamely and ignomioiounly to such a Government aud to such a Union, however dear one of a different kind may be, and, I trust and believe, is to all. Whatever may have been said to the contrary, we or the South have aui nought control tbe affairs of tbe country or its government, so as to ad vanceourown peculiar views and interests at the expense of any other section. All we have asked lor is to oe protected in the rights secured to us by the constitution, to be let alone in their enjoyment, and to be treated as etioals amons the btatcs and in the common I erntortes ol the union. Alore man thia we have not sought to obtain. Less, true to ourselves, we will never submit to take United, as we have been, mainly, in the late contest, we have nuihinir to fear. For a time madness and fanaticism ruled the day, and the wisest,' the best snd most patriotic in the land were filled with Irar and misgiv ing. But the result shows that we nave as friends a larce and influential body of patri otic, conservative, national men at the North, who. in a crista like the one we have passed, are ready, at every hazard, to stand by the .. . . 1 . m V-I... Union ann me rignts oi every section, i tie tank aet before them, I rrcret to say, was one not easy of accnmpliahtnent. But well and successfully have they performed it, and en titled themselves to the thanks and plaudits of all and the enternal gratitude of the outh. For the present the contest is ended, perhaps to be renewed in a short time. Let us hape otherwise, and that peace, order and good fcrline may return and abide with us. One of the foremost statesmen of the land, a man eminent for his talents, of treat know ledge and experience in public adairs just in his purposes, national in nis views, nume rate in all twines, and whose private life has been as pure and irreproachable as his public one has been honorable and useful has been elected President of these United States, Scarcely inferior in all the qualities of a statesman, though of fewer years and less ex perience in public stair, is he who has been elected to the second office within our gift. With t ie Ireislativa department ol the government in accord, surely we have ample reason to nope lor a successiui aiiminiiraiiun of our national affairs, a restoration of peace and harmony, and a strengthening of the tics which bind logeuter me states in vac i ttonal Inion. It rives me Dleaiure to be able to state a yo that since your last session, 'he general c mid it too. oi me state nas oern one ui im- neritv and inmrovement. Our public works , .v , , . , are steadily advancing, our courge ami schools are on the increase, ami are generally in a high state of prosperity i our Common School evstem. thnuch by no means perfect, is yet gradually improving and manifesting very decidedly some of the beneficial results anticipated Iron it Uur great interest, ag riculture, to say nothing of others, is attract ing the notice it deserves, and our people ire on the inquiry for the best mndes'of improv ing their land and increasing their crops. Upon the whole, our physical comforts arc being incressed, while it is believed that our moral condition, as a people, is improving. And tliuueh one of our erain crops for the pre sent year has been cut short fur the want of timely rains, yrt, in view ui m niaonuiu blessing we have enjoyed, and the evils from which we have been snared, wa have ample rause to render thsnka to that kind Piovi deuce which hitherto has ao eminently bless td nnr people and country your more particular attention is, the im portant one of the public debt of the State. In advance of the report of the Public Treasurer, which will in due time be pre sented to you, that officer has, at my request, furnished me with the following statement, showing the indebtedness of the State by bonds, the various items coin posing the same, for what purpose incurred, and the times at which these sums respectively fall due t SMOOKT. Will DUB For bonds issued on account of Italeigh and Gaston Railroad, $500,000 00 Jan. 1. 18C0 On bonds issued at sundry " times in 1849, under act of 17th Jan. 1849, to pro vide for the pay inent of the debt of the State to the Bank of Cape Fear, to the Bank of the State, and other debt due on account of endorsement by the Htate for the Raleigh and Raaton Railroad. 200.000 00 In 1859 Under the act to provide for tne payment or the debt of the tjtate, passed Jan. 28tb. 1851. 40.000 00 In l6l Do. do. do. 130,000 00 In 1862 Fayettoville and Western I'lankroad bonds, running twentv rears. 26.500 00 In 1869 Do. do. do. 3.1.500 00 In 1870 Do. do. do. 40.000 00 In 1871 a. do. do. 20,000 00 In 1872 The fnrcgoinff ar registered bonds. The following are coupon bonus, under the act or 27th January, 1849, for construction of Gaston At Weldon Railroad, and for improvment of the navi gation of tha Neuse and Tar rivers, running ten years, 41,000 00 July 1, 1864 Do. do. do. 67.000 00 Jan. I, 18G5 Do. do. do. 44.000 00 July I, 1865 On account of North Caro lina Railroad bonds, run (00,000 00 Jan. 1, 1883 BOO.O(K) 00 July I, 1883 DOO.OOO 00 Jan. 1, 1881 130,000 00 July 1, 1884 370,000 00 Jan. 1, 18R5 1,000,000 00 April 1, 188S 20,000 00 April 1, 1875 10,000 00 July 1, 1876 4,000 00 July !, 1873 1.1,000 00 Jan. 1, 1889 40.000 00 Jan. 1, 186 19,000 00 Jul; 1,1866 ning thrty Tear. Do. do. do. Do. do. do. Do. do. do. Do. do. do. Do. do. do. Fsyctteville rV Centre Plank road bonds, ruuning 20 jcars, Do. do. do. Fayette ville and Warsaw risukroad bonds, running twenty years. Tsr river, under act of 14th Feb, 1855, bonds running thirty years. Lunatic Asylum bonds, run ning ten years, Do. do. do. Atlantic and North Carolina Vsilmsd boliila llinntn. iiitrie veara. 6O0.A00 00 Jaw. a, " Do. do. do. 33,000 00 Jan. 1, IX6 Western and North Carolina Railroad bonds, ruunine tbirly years. 200,000 00 Oct. 1, 1888 Bonds for money earned to public fund by resolution of General Assembly 40,360 65 Bond for money borrowed of the Liter7 Board, 15,442 00 1)5,038,802 65 The books of the Treasury further show an indebtedness by the State to tne i.iterarv Fund, on account, on Die 1st Nov'r 1856, of 140,412 86. It is proper to state that this amount should be increased by about me sum of ijO.Go'i 32. fur interest on bauds of the State held by the Literary Board, as above set forth, and also upon coupon bonds oi me State, purchased and now held as part oi tne Literary Fund. Further reference will be made to the matter before concluding tuts communication By virtue of leetslatton at the last General Assembly. State bonds for the following amounts are yet to be sold, and the proceeds applied as follows : Fsyctteville and AlbemarU Tlankroad, ran. ning twenty yean, f 20,000 Fayrtleville and Warsaw riankros J, running twenty year, Akantia and North Carolina Railroad, for balance of Htsle ubcrition, thirty year bonds, and which will probably all be called for io the ensuing year, (33,600 Wester North Carolina Railroad, thirty year bonds, for balance of Ktate a subscrip tion, and which will probably b called for hefora lha merline of the nelt General Assrmlde. 600,000 Insan Asvlum. twentv vcar bonds, will M required at an early dev. ii.wv dnrscmentof its bonds, to the amount stated, when called for. The interest has, for many vears, been paid promptly by the first named company; and its present prosperous condition removes all doubt as to its ability U pav for the fu ture. The interest has also been paid on tli& i r .i r v i t ii! -r- oonus oi tne vniiu rear anu ueep luver Company. The bonds of the latter com pany have been issued within the past six months. From information unofficially received, it is highly prouaoie ttiai tne nmington, Charlotte and Rutherford Kailroad Company will so far comply with the terms ol its char ter, granted at the last seasion of the (vneral Assembly, as to enable it to call upon the State for endorsements of its bonds. As to the probable amount of such endorsements, or the times when they may be called for, 1 am not able now to give any definite in for mation. It is proper, however, to relcr you to the charter of the company, and to sy that more definite information will be laid before you during your, session, should it come to my possession. I may also rcler you to the charter oi the Western N. C. Kailroad Co., by which the State is pledged to subscribe two-thirds ol the stock for the sections hereafter to be built, should private stockholders subscribe one-third. In this detail of the present and prospec tive indebtedness of the State, 1 have omitted temporary loans by, and indebtedness to, some of the banks of the State, authorized by resolutions of the last Oetieral Assembly. These liabilities are fluctuating, and will mot e properly appear in the report of the public treasurer. To meet these liabilities, besides the means to be derived from taxation and other ordi nary sources of revenue, the State owns the following stocks anu enects s Ralrieh & Gaston R. R. Stock, par value, $187,500 North Carolina Railroad Ktock, 3,000,000 N. C. R. R., preferred 6 per cent. " 1,000,000 Atlantic and N. C. R. R.. paid for, 633,000 Western . C. R. R., paid for, 200,000 Railroad stock', Fay'tt'e and West. P. R. stock, par value, Fayetteville and Warsaw, -Fayelteville and Albemarle, paid for " $4,220,500 $130,000 10,000 30,000 riankroed sleeks. $160,000 New River Navigation Co. stock, par value, and paid for, Yadkin Nsvigation Co., paid for, " Cape Fear & Deep River Nav. Co., " $10,000 5,000 160,000 $175,000 Total, tl.UW.0 By virtus of an act nased at the last Gene ral Assembly. 20,000 wss subscribed to the stork of the Yadkin Navigation Company, of which 15.000 has been paid, anil under the provisions of a similar act, 920,000 was sub scribed to the stock of New Kiver Naviga tinn Company, of which 910,000 has been naitl. Leaving Io be paid the sum ot 925,000 The payments above were made out of or dinary iunds in the treasury, there being no provision for raising the money in any other way; and the auova balance must ue patu in the tame manner, unless other provision is made therefor. The State is bound, at endorser, ai fol lows t On bonds of tha Wilmington tnA Weldon Railroad Conipanv, $250,000 On bonde of Cape Fear and Deep Rivet Nae. igation Company, falling dua in lha yea ihh. aoo,ooo On bonds of Chesapeake snd A Ibrtnsrl Ca nal Company, failing due ia thirty years, 20,000 $U0,000 Tha Stata is lerured by mortagei, accord ing to the several acta ol Assembly directing tha above endorsement. Uf the amount Isst nimed, 950,000 only of bonds hss been endorsed and delivered by the public treasurer. But the whole amount i nut down. a the company hss riven the err ttftcate of the requisite subscription of stock Navigation slocks, Th Slate alao hoMa the bond of the Wil mington and Weldon Railroad Co., nnon which the interest is rviiulariy paid, for $50,000 00 Also, two bonds on the Seaboard anil Rnanoko Railroad Company, each tor $5,387 14, dated January 3d, 1851, pay hla in two and four vears. interest nsvablo semi-annually, 10,771 !8 $69,774 28 No interest hss been paid on tltcne la't named bonds, and the last General Assembly extended the time for payment of principal and interest on the first bond to 3d January next, and should the same be then paid, the time for the payment of the principal and interest on the other bond was exteuded to the Sd Jan'y, 185G. In this connection it may be proper to say that 940,000 was appropriated to the im provement of Neuse river, and that alter inakinsr the survey of the river the balance was subscribed as directed, to the stock of the Neuse River Navigation t o. No report has been made to me by the President of the company, as required by the charter. But 1 Uwi n unofficially that no nractical benefit has resulted from the ex penditure, and that the property and effects ol the company nave an uecn soiu unuvr execution. By virtue of the act of 18-13-9, 125,000, and by the act of l854-'3. 915,000 were ap propriated and raised by the sale of bonds for the improvement of Tar river, to be expen ded under the direction of commissioners snnointed bv the Governor. No provision was made lorcharini tolls on the river; and the sum expended is not included, therefore, among the stpeks owned by the State. The Western Turnpike is ownej entirely by the State, and will be noticed more parti ciila i ly hereafter. The Ste has also some inconsiderable amount of stock in Turnpike Companies, which have not lately been, nor are likely to become, profitable or of much value. It Is hardly neceary to add that the other railroad and navigation stocks owned Ly the State, constitute a part of the Literary Fund. The reipts into.the Public Treasury for the two last fiscal years, ending the SIst Oc tober, 18.iC, are stated as follows, from the books of that office: Fiscal year, IN.M-5. Rateieh and Caaton Railroad dividend.. $30,TJ1 50 $23,iW t0 Fayetteville & Westrrn riank ros.! dividends, 4nO 00 Tst en Attorney's license, 65 CO 1st on Dank stock, t,9?3 55 lule-e-l on Wilmington aud Raleigh R.iilmad bonds, J,"1 "0 rh..r.,k. bond.. PH3 00 Public tst, in the same, and executed the moi-teace re The first subject to whtt.li 1 desire to csll ItjuireJ by the charter to entitle it to the tn Fiscal yrar, lS.'ii-ti. 4 "00 00 M. bO 14.14 ;: 1.300 co 2V.I,S 5 G 811.MJ 84 $3:7,S0 1)3 fl'Jl.S"! 07 To tfi item for public taxes teet hed f.r the last fiscal vrtrshnuld be added lha sum uf f 10, 211 54, for defrttluj by Sheriff-, the larger por tion of which has been since paid and lite reef due will be collected. Il will spprar also that the sttm of 9.1,000, internal on ih bond of the WilminiMoii and Wol.lott Ktilroad Company, is not credited the laat fiscal vtar. lVopeily aoeakiiiff, It should . have bcrn, w:ts omitted by tie re omti', , nu4j p Muscat invjitmcmi anil will be found as a credit in ihe present fis cal year. Including these sums the amount of revenue mr me iasi nscai year may oesei ujwu at 9405,113 31. I regret to say that this amount will be less in the present fiscal year, in all probability, by e dividend received horetolnre from Kileiiru and Gaston Railroad stock, and partially, if nol entirely, on etock in the Fayelteville and Ves tern I'lankroad. IN r dividend was made at a late meeting ol' the stockholder of the former omiianv, owing to the facl that Ihe earnings of the company were chiefly expended in heavy nd extensive repairs to Dial portion of the Uoau extending from Oattoit to Weldon, which, diough lately built, wa to defectively construct ed a Io tender these repairs indispensable. 1 he budge over ihe Koanoke river, at Gas ton, is also undergoing thorough repairs, and large sums will be required. during Ihe ensuing year for both purposes. It is expected after these repairs are made, that the stock owned by ihe State in this company will again be remunerating. no dividend lias been made during the pres ent year on the Fayetteville and Western Plank road stock. The construction of the North Carolina Kailroad has, it is said, impaired to a considerable extent the business of the PUnk toad, and it cannot now be safely looked to (or paying the handsome dividends which it lormer- ly yielded. It is confidently expected that the north- Carolina Kailroad will ultimately pay good dividends. It is hoped that it may pay some dividend at an early day. and thus measurably relieve the public treasury. But I am not suf ficiently informed upon the subject at this lime to form a reliable opinion as to how soon sucli may be the case, l ou will, however, probably have such information laid before you during the riession, as will enable you to determine whether any aid may be teasonably expected from that source in making provision to meet the liabilities, present and prospective, of the Mate. The ordinary expenses of the Slate govern ment for Ihe two fical years ending the 31st October, 1858, will not, I think, exceed $170, 000, oran average of $85,000 per year. They will be more this year on account ol your ses sion, and less tue next. From the statements Riven it will appear that the interest payable annually on the- present bonded debt of the State is $.)02,3M 15 And upon bonds to be issued under exist ing laws, tne greater part in tne present fiscal year, $70,836 Oft And unless provision ia made for raising it otherwise, there must be paid out ol me, Treasury, in all probability, for the Yad kin and New River Navigation Compa nies, the sura of $25,000 0(1 f - -e--r .i--. .1.- 1 jgy ventte of the State will fall short of meeting iheso liabilities, and that further provision should be made for that purpose. I deem it a matter, loo, of the first importance, that provision should be made for the ulti mate payment of the principal of Ihe debt of the State, present and prospective, by Creating a sinking fund sufficient to meet the several liabilities as they fall due. Prudence and a wise forecast, as well as the experience of other States and governments, would secro to dictate such a course, and the debt can be more easily met and extinguished in this wav. Looking to the present only. poltry would seem to require it, if fur no other reason than that ol maintaining our credit tin impaired, snd thus enabling us to use it readily and upon the best terms, for extending our public works, or lor oilier purposes, i ne ei leri of such a rys'.ein would surely be to keep our Stale bonds tipar (a very important con- rideratinn.Xrand in all probability to put mem ai a premium. 1 submit to your belter judgment as to the best means to be adopted for raising such a fund, advising, however, if one be provided, that its management shall ba entrusted to a competent board, with a Secretary ; the Publio Treasurer to be made the treasurer of the board, but tho fund to be kept separate and diMinct, at all limes, from Ihe oilier funds of ihe State. It has been already staled that it sppcars from the books of the Public Treasurer that there was due, on account, to the Literary Fund the sum of $140,4 12 f G, on the 1st of November, I85G, and that ihe State was further indebted to that Fund for interest on sonJry bonds, in the sum of $30,632 32, or thereabouts; making the whole mount due $171,045 18. A considerable portion of the balance ap pearing on the books is principal money, and ought to be invested how much does nol ap pear from the account, but may be ascertained. This balance his been hcrtimulating for somo years. A large portion of the interest mention ed above, as not carried intra the account, is due upon two bonds of the State, commuting the item of $40,3G0 53, in the statement given of the bounded debt of he Stat. These bonds were executed by the Public Treasurer in Ihe years 1843 and 1843, by virtue ofa resolution of the Uetteial Assembly, in lieu of other fun is belonging la the Literary Fund, whirh were transferred to the State Treasury. N interest ha been paid upon these loud. Cakuljled lo the last semi- annual piy day on same, ihe interest amounts to tbe sum of $.2,955 60. Un der the ctretimsiatiees presented, and in the pre tent state of the public treasury, I respectfully recommend, thai this amount be converted into principal, and th it the publie treasurer be is quiied t; execute the bond of the Stale fur the same id (he President and Direetort of iho Literary Fund, heating s,x pel cent, iuisresi, payable at mi-annu.lly. By tte eti'ii'H law on the subject ihe eon .ti hoiivt ol th state are payable la btartr, and lit endorsement by ao owner or bolder is required f.ir ihtir iranvfcr. Te holder for the lime betrg collect! the coupons for iuterest, and nity colled ihe prtnnp.l mouey when due. Asa general rule this pioviaion i best, for bmuls ittu trjiisb rabte are mote saleable in the 1 Notiherlhifarkct.. Bui it hss been tnzgesicd m me by .imeof our own ritisrit, who have in uicse not w.
The Durham Recorder (Durham, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 3, 1856, edition 1
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