Newspapers / The Daily Journal (Wilmington, … / Feb. 13, 1875, edition 1 / Page 2
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. -J . " id. j i , CTLMI'GTON. S. 0 8ATUSHAY. FEB. 13. 1S75. TbD4.n.T JocB5i, tttolJ. dilly d.t tt Doluhw t yr ; F.h-i Diujw m KMilht ; 8vXTT-FIT wtiU p-r month tot thortor period. Serr4 ty Camera a U rit; n svT5Tt-riv out perBMM b, or Two IWAiM mJ Ti-T-rrv pntt per quarter. Tb Wuilt JorssAi, (Trnitj) ihlnyii evintan tt Two Doluaw yw; thw cV. Tirx DotXAM Jfi A H At J ; four IV!I DotXAW Bvercplet, El6HTDoi.LARt AFD A HALF Urn er?y, FlFTM-i Dollam; twtnty CoplM TWXXTT FIV DoIXAB. 8rBriupno5t In til ct ptrW ln a.lTWW, tnd do pper contljjtfed ttter tt exptrtioo of ll Ume ptid for. BtmTTAWCM tbould I tntJt y ro- offlc Money Order or Expre. If thl rtit- rt bt 4onS pnetlon tftlnM We hy 1- all y b tecurod by forwrdin drmfl pybltoti order of the proprietor ll tb JorMAU or by teiidluj Un inouey regltrd lettr, Ad.nllr,e RJet (per Inrli of twelve jolldr.iet of aJvrUhif typa,) One I' Hi. or Insertion, On Tnn B! to naer- tim.1 t)a Dollar and a half; thnw kiaeiiUitia, Two Dollam; four InaerUou. Two Dollam ad a half: f)v b Uuot Thruk Doixaiw; tlx tnaartlnna, 1 ik Dollam akd a hai; twal-e Intartlona, Fit Dou.am Ar A half. o tnmitb.EisRT Dollam; tvronwotha. firm Dollam? thru moDtbt, Twx TT-TWO DotXAM. Oontrarta for rrlrxta and loter paot made npon Ubtrtl term, jtddreta, EH8KLHARO A HArMDKKt. WUmlnetoti, N. 0, aaaaaa aaaaawaMampap THR ITArC DEHT. We pnblith to day the third and lut inat ailment of tbe article 00 the 8tate Debt It fill fonr colamtm and therefore Deeeaaarily jKohidet all edi torial matter; bnt we make po apology lor thai tarrendering our ipaoe iu inch a caaae. It ia, decidedly, one of the flneat papr rt we hare ever read, mbraoii g tbe entire range of the qneation at iatne, and it well worthy of attentite pernaal and a careful pre aerration. - STAflTolBf Tke OI4 Oefct, (OONOLCtUD V Dni aftaa mntti rt na ui. Ia I rtA ffaa ilnKt ao called, there attll remaina the old debt, which now atnonuta, with the aocnmnlationa of intereat, to npwarda of twenty. million. What it our duty with regard to that debt 1 If tbe Htatu to-day were in tbe situation that ahe Wat at tbe beginning of the year 1HG7, there would be no need to aak thut ' qut ttion. But bow great, how tad the chan we tinoa that timt I ln that year the Bute waa aeixod npon, thrown, at it were, ii'to the political cruoible, melted dowu and moulded anew. It ia a calamity, ncrer to be luQioiontly rcjrretUxl. that the reconatruotiou meaaurea wre framed and preaaed through Congreea at a tiros when the paaaioua eiiffoudercd by the wur were raging with unabated fury; nay, nheu they wereatill lurlher liitonailled by an almost desperate ooufliot beta eon tbe Executive and legislative branchei of the gov rnroent. 0 con ran tbe Bonth wm Ixmnd to be the victim of thoae Mtiona Tue animus of the lew O'truoiiou maurea cannot be miblalten. The lint object waa po. htioal: to oall into ex ia. mice a cquntti ; aency that would inatain the uoi iid ancy of the party itiou power. . lience all thoae moral, aocial aud imuBtrial element which should bay eutered into the problem, to. make those meaaurea healthful or even aafe, Were eutirely diaearded, -The aeooud objtctwaa peual: that object wan to onnolo tbe ioer of the South and to proscribe all men holding a curtain ml of opinions; to doireaa, and, if poaai ble, to tlx npou them a permiiuent brand. Bo far aa regarded the crip pling of the Boutb, the iuocomi of the meaaurea waa to great aa to antiafy the moat sanguine bopea of ita advo cate; to far aa regarded the proacrip tive part, its luooeaa was obliged to be ephemeral; a bann npon talonti and virtue ia opposed to the first inatincts of human nature. This proscription embraced disfranchisement 'and die qualification for office. Diafraiiohiae ment waa employed only aa a meana of initiating a constitution, disqualifica tion, aa a meana of removing from the polmoal arena a clasa of men, whose opinions and influence ltw would be adverse to the reconstruction meaaurea. Both were intended to be only temporary, only in their opera tionthe former especially. But the arbitrary conduct of " the Commanding General, in euforo oing disfranchisement after the Con titution waa adopted, and agatrst the manifest purpose of the Reconstruc tion Acta, delivered the control of the State for two years to a set of men aa base m they were irresponsible ; men without abame ; men whose only in atinot wm booty ; men deeply veraed in every guileful art, skilled in every device of fraud, and pluming theui elvea on their profloiency in such arts ana devices, waa mere ever a udder spectacle in tbe history of the world than this noble old Common wealth at that time hing prostrate and bound by military power, while there obscene harpies fattened on her fife blood I History ia full of acta of military violence, but when before waa the military arm of a government made to perform the vile office of binding down a people, while the worst of men rioted in plunder and outrage. It wm reserved for a Radi cal administration in this great Re public to give the first example of this crowning infamy. Once originated that administration has become enam ored of ita ahtme. Tueoiame apeota- cle baa been oftentimes exhibited ainoe, ii exhibited to-day in tbe State 01 juoniBiana, in nuger ana more nia eoot proportions, if possible, than it wm then in tbe State of North Garoli sa. Short time would the Radical rovernment inttalled in T8 in North Carolina, have laated. had it not been for Federal bayonet. It would have been speedily put down by a brave and honest people. A mew organised r,.l lrf.', u'.l ! I'-'K'.- i .n -!.. I u '-t .'.: . 1 ml b--u la it A a .!'.; r. ' .!? ev.-rvw.L-. re ;. r i 'i at 1 i! n. e j As it aaA. It Las bit tiaA of I'" or- ai. i at r..i . t. ral. a ..f ni.r.vi. Ij ! KSrUk .ha.,,, of Cut- ,ur,,,eV..I,t.r-e,,ti e-fl.e,- u It l tli? .ert of prsc'JCl roeo j - U-al tf U' uf rn.-uiit. ." - :l-k tlbic1c.Mth.yrA i"- 'I'"- ; - i.J I OiJ-t .l it 1, -v .l .,t i tion Mara o ww 1. n- what j .at i u part ol the 4c-l, or t.w, 1-1 : woilii d, bat bat e m To j U)iue ti,u q J. e'u n. It l D- ( t take a h! ie f th reiu of Nurth I'arohiia l-fir th r. I c abd then to naie an iMia al ot me r'(Murv f tit" ftate aftr th war; and after tbe m-nrc If diatrun ro Kulta of the lwi.M.truc(i"i Acta. ! I Ih wealth of North Ortiliiia, e- fliiMTnlT. tr a!ni it k n agncultu- - . . t lal State, oonKiht4t id plant ioiih auu UiDis in her system u tabor, then tiaerT, ta m auvia 01 mu" kiuviii, and other f rm of jM rwiial proerfT. Of niuuufuctunng wealth, hhe had'lmt little. Her Bin ral re- ourxa were, but begiuninfr to attract attenU.ui. The aaTiDgn of former peu eratioot were inTeetd in Banks, or ia note orlHinda of pntate tiidtvidualt. t.I all theae, MirLV aliythtiift eiC-pl laud eaeaped destruction, tod of laud. muchtbwa"atii. uUivtim wa r-m e-d Ui corneal al.Te. uliautiou. Our litLkt were tota.Jj fugtUpW'U; " of the tuouej theu at illteret, probub n..t nior than 10 per oeui. a- i"t allied after the ar iu t'iy availab'.' form llw Ina aUnk of the S'a had. fi r the moot pait. beon u-t Up and oouiiuuiid dnriuit lh war. Ab(ve Llr; our one huulrd nulliona of aleTe prolHTty 111 conu-vrairu waa U 1M U( no figure of tpeeh to my that fir th var Noith Carolina a a ruin. liut deauite these unparalleled loaaea, th Mine spirit which bad euntaiutu un'r ueonledunua tbewar.enablediheui -" a 1 L. Im ar UD atlll. ItV tUM ! 01 lit' r , . M .1. remuauta of iiroduce bicu remaiueu - , ... : . 1 after the war.lb.eV procured ttieaua ti equip, though poorly, their plantation aud tome auew. The fnu'diuen, who e good will the white race p a aeaaed with verv rare execpuou", co operated with them. The ttlec'a of their limtua laoors were him aeon: the troaiect waa altogether hooeftiL lillaue waa extended. over the Hteater part of the laud formerly iu cultivation, and sank-uine men be- ran to indnlirn the hotie. that tlia orotDeritv of the BtaUi luifiht, at no verv distaut da v. reach ill former standard. A terrible blow wm, however, iro pending, and fell with fatal results, noon the euactinini 01 inu iieoou a . li . atrnetion Act and the effi ota which follow d upon them. Those Ada de troyinl U10 harmony which bad hither to existed betweeu the two raws, nm eiciUd in the mind of the colored man. vaane boiuw of- he knew not what. Ho bad to a great extent Deeu the beneficiarv of the federal govern meut after the war. In the general break no of luduatry which tookiilace, and the 0oiiseqnut failure of all or dmaty reaouroea, that government bail fed and in part olotncu mm. no mi,i heard of those Acts while puuding, and the rumora which were brotiuht b- bim bv tlcMKbing men iustitied the wildest bom. H ia when -popular credulity baa been roused to the tit moat, that the liuae aua tue vuo unti . . ... I Ml their richest burvt-a. It ta in tin atatw of things, that the rucu of whom Titus Outea antt Dai gertlelil are tin tvtH-a. live and flourish. A swarm ol such invaded und infestt d our luiu), and our owu laud supplied ita quo a to the number. Tbe passage of the Reconstruction Acta laid open a wide career to this olasa of men, of which they promptjj availed themselves. To accomplish tbe Object which they had in view, it waa neoeasury to obtain complete, as cendancy over the colored amu. To t lua end. they addressed themselves to destroy the kind relations existing be . toeu the two races, iney pneu tne oolorcd man, therefore, with every iu aidioua suggestion. In (oliticul af fair, eepioially, they poisoned hia mind, and sowed in it, aa far aa puasi ble, the seeda of auimoa-ty against the white men of the South. Towards his own race they im-pind the black man on thia subject with a spirit of f miotic intolerance ; any dissent waa to be. at the peril of lite or limb. They taught him to think and vote, Implicitly, ns directed, lu furtherance of their grand mtrttoao. thev hi nulil' to aeimralu tlu two races, industrially, aa lar hh tln-v miRht . They urged upon the black man that to be independent thev must withdraw from the large phintatioiiH aud farms, and aettlo to themsi Ivea, That tlit y muat discard the position of a hired, aa well aa that of co operate laborer. The result wa, -that they withdrew in ere at nnmlwra from the large and fertile plantations, and settled On aterile tracts; where, without teams, without implements of any but the most interior kind, their labor was al tnost tbrowu away. Tlieellcotsbf this movement in undermining our ryatt m Of industry oauuoteasiiy be estimated. Another cause which operated most adversely waa the emigration of labor to the Cotton btutea. Under the stini h-prieea - thpTtgrrcntmrat operations in t!o e Htates, being greatly more specntutivethauauythinu of a like kind here a very large pro portion of the young and the enterpri sing of the colored race sought hooiea in the South. Meantime the elderly men who were left behind have d- creaaed in strength and efficiency ; while the youth who have been grow-, mg np aiuce the war, have been brought up without parental restraint and without thoae habits of industry indispensable to reliable labor. There wm auother cause which produced a great migration of labor. The black population waa to be found in greatest number in the rural districts ; but it waa a prime object with tbe carpet bagger to get the political control of tho cities and towns. To the cities and towns tuerefora, they were urged to betake theuiaelveB, under the spe cious pretence, that there they would lie sattr iu their freedom aud persona. To the cities aud towns therefore they repaired in sneh numbers, that while they ewarmtd in tl oe reaorta, the plantations were left comparatively deserted. TJndtr these oomhinotl causea, the productions of the State have dimin iahed.and the decline in the valne of lands is startling. Awny from a few localities, which enjoy a certain de gree of prosperity from exceptional causes, lauds will not bring onc-foiirlb of the prioe they would have brought before the war. In truth, the lamia have ontMd to have any exchangable value. Itislittletosay that there are teu tract for sale wheie there is one buy er. The Btate of agriculture in North ; Carolina it tad to contemplate. It has Sink, from the nanana T hava mon. I htve men Honed, into a mlaerahia a.at. t. I operation are conducted mainly by t-i.st, u- j.mJ i! luu-t I irom t!ie i Orii an 'ire Out u.aijiiiiC h ,.! ! 11 l; 'id wraltti Is tiHi in keu llltil a' 0jU!.t, ii.M(l rlil with lh t 1 us't L'.w iu viea. It it car a! that Jhrt MaU is tu u ton-1 apt Idih.Q t.i tear tny lorJet.a. Of i t i- Jill .U'O.UM, t bi b tbo rvai A inrii a'i projicrte of the I by .iit i 1 d, at Urn-it Sii'.OX),. ; it 0 m y l) 1 4:t u aa unpioUucuve;' a !arg rr-'P rtion of that amount tep- r tui-i u ImihI linrUltlTaUU, or. ImihI UUrUltlTaUU, r. it cu. tv.ttd, yielding a bare si b i- eice. 1 um vro.iiiUj$M . UUIOiproved litUeN is set lon iu the Cei.sua of lb"1) nt '!') p. 1 cnt. Much mrt than that quan tity, Iioiu the cauwa mrutiuneU, nst tieen tluon out ol cultivation aiuce luat ceiisua waa t k u. Il is pUiu that theh:a'.e cau bear but Uttlo taaittiou uvrr aud atMiTd bat ia Dcwssary fut tlit support of the Statu. Tne op t 0 1 I the t'v-rtior iu his b-te measege. aud of the Treisitri-r iu bin recent ie- (oit. laexpieaa upon thia tsiiut. ie-t ll uot be foiKtl U that tl e UuVer:i im nt of the SUto wat framed, not by .North Curoiiniatia for Notih L'rroluia; ita arehitecta were foreigners, aa to ua tu intra t nay, ' wori Whoever Ksika at the ooi-ditiou of North C-troliua at that duy aud at the uovirnmeut which tuese men bu.lt III) itS UUltlllllCitV Ol UrClCJ-S 01 hoes: the heavy butdena imposed nix-n ua under toe guise, of a pseu-lo philautbiopy will be constiaiued to conclude that the object Waa 10 Slip plemeui, by civil meaus, the ravages f war. aud pottiKiiie iiuu UniU-iv tue reeuperatiou of tbe nta'e. If we turn from thia sad review of the-condition of our people, to that ol the State, we shall hud it uo belter She emerged from tho war with a rail r jad tvatem which, thoush iucoiniilete, wm well devised; aud whioli, invalu able for Ua tiroper purpose 01 tiau- aporiatiou, oouaiiiuUd.by it, intniisie vk.uo. a lniid wnicn WottiU nave 11 aided ua to sustain our et) dit, uuil if ut ed were, to meet ibe whole or tue most of our liabilities. But our rml roud-t ere early maike I lor piuud- r, and the ruin lnUictru n.mu tlio Mine iu this, bi-r only tub-teat, waa aa corn icle aa that intlictid nin the iieooi in all their intercaU. The lajuda our imrtiiitf to be issued iu aid of ttu m were iu some instances nout lor tin merest ttitl", and the proof eda embi z Zled. lu others, they Were byithe caied for a lrnetiou of their value, and theroa la sold for a aorg upon the maturity of the loan. Those iu which the State still retains an interest, art so covered bv statutory ntni oilier mortKHKa, that nothing of which she can make any avi u is . iow lett to uer Hut the nuxstiou recurs, what ia our duty with regard to the Old Debt? The opinions (if the Governor and th Tre 'surer of the Siat-i have beeu al ready ciU-U. The writer of this dues uot hesitate to expresa the opiuioi that a tux to pay the interest, or any Considerable, part of the interest 011 that debt, after defraying the oxia iisns ol the Statu Government, will result iu the sale of a large proportion of the lands in the Slute. Such a pi lic.y.with tuei present amount of currency 111 the Slate, averaging only about gl.hO per hend, with a baliKlug capilul itccia.-l i in au emergency of about $i,d00, 000 onlv. would in a short time issue iu the eoufiieatiou of the property of our citueiia. hat that uieuus it neetileaa to soy. As to our duty mav wo not c itlicr 0 lesson from the laws which upply to itidtvidiials in like circunm a'icis. When in the course of legitimate busi- noHN. a niiin naa dt eu ovt-rwiieimeii uv mn-fortuue, the law of all civilued countries euliglitt nod ami inforund by the spirit of Cbnsnaiuty niter- veuea between the creditor una tue debtor. It euforoet the contract but subject to the , teachings of churity ; subject, inded, to those principles upon which ue pend tho preservation of society." It will uot allow tbe creditor to tli lve tue debtor but Irom bis home, powerless an 1 helpless, aud cast him, ua a bur- ib n, upon the community. , It btepsiu and makes purtitioii of hia property, aligning to tho ibblor a suflk-ieiicy for ina own maintenance and deliver- iiiR the residue to the- creditor. It thua holds the balance evenly between creditor right, and the yet greater rtehts of humanity. Ia not the com muuity the State embraced withiu tho circle of charities that includes the individual ? Tho State ia but a collec tion of individuals; is the individual man comprehended withiu tbe pale, ami collective man put beyond the pale? The same $tt-ruul priiici'pJea apply Jo both. The preservation of society and of the great institutions upon which its welfare depends; ia superior to tho rights of creditors, when the enforcement of those rights truurd Involve Ihe destruction 01 so- ciety. II then it be true that we cuii sustain no greater burden than that necessary to support our government, we have reached the limit of our pres ent duty. . Such is a plain though brief state-1 meut of the condition of our State and people. It ia a star ling a fearful oue. Tbe view winch itdisolo aes it almost without a paralel iu his tory; the meaus by which it wr, ac complished, absolutely to, except iu the case of our sister States of the South. The means used constitute a greatbia'tioual crime, the conaeqnencea of which it ia impossible to estimate. It has humbled to tbe oust a State of hitherto unstained reputation. It baa crippled the resources for the mainte nance of religion for scoiea of years to come. -..,It has inflicted a blow upon the cause of education" from wbicu it cannot recover for geueratiouH. It has introduced aocial diaordera which a life time cannot remove, -It has beg gared thou-anda who were once in comfort uud opulence. It luia driven other thousands from their homes, peunileaa and beartbrokeu. Such are some of tbe obvioua fruits of Recon struction as carried out iu this Stuto. To pursue it into all ita details, to trace the decline of families through an me gradations 01 straightened cir cumstances, to penury, to waut ; to witness the agony of those who have been oouijMtlled to realize that stem toil muat be their lot for life; that all possibility of making provision for old age and for heipleaa childhood, has passed away forever ; into scenes lik- these, no one will wish to go. Such tor nee are to, reoent to dwell on: tbev - J are vet a part of every day experience. If the views here advanced are cor rect, the situation of North Carolina I ' -j; .v'v S r-j--J t v ore k;.ai. t. V vh, lai f.-ru at -h. at W4 ' i L-v, hi -i ti.t i. l;j-.r it t.-v. li v.'.' pi --I, i o ur w!,:- 5 i ever r-a t i n ' .. t .1 ouu.I l-:iU I d The ;-. '...-. !,.. Lu Mi?-4 I -v.- v,.. i a, ,u u- .b.ru.a, iJ, .f;,,1 I e. - u eh..aD. that lu t;.e fr.jhffal ma v..1f I .-ntie ny ,!-' V' ' .':u .UrMMrirMonrtehul .-u-.m w br...tgM about, tt.e 1 .,, wn ,t Uietui u i,. ! ? - w .. !-t an thep.trtf the victim tU: if-.". eCtbiraliCx. iix'.iin; hf jiM'ai'cd "Nw ri" i iM.a iM!i-.Hlt'rit!'iii e a recur to ttu- ntte-tton. hat abaii n il wi . ti( (). 1). -1st V la mr 1 rui".:!'u all ailliot cnr whatever i ff-r rt trim, d Serent irivii imy ciiia.-e t. el.anrter ie the xin,:' of pi. r by hich lb re- eu.t j a iiuf oh-d that U. thut it h- tieea put layond our yowor to pay 1 4- debt. . In this situ vtaii four piisMab'e alter dUivis Mi.ijte t tUctiitclvea. 1st. Jvf- puliuU.-n. Jud. l-oinprem:. Jo. An otii declaration of tbe llaukrnptcy of the StttA -tthlv and laaUy, To ent. tale no action till a better day. 1st. Of Repudiation, it is not thoucht wcLary to say more than a f -v words. It )a a measure which ha tlntiK to recooiaend it. Iu ita legal ej ct it would be utterly nugaton; n would not add oue jut or one tuti to that immunity from suit, which the Statu t ow has under the Constitution of the United States. Iu ita practicW opffatioii.it would put the Democratic arty iu North Carol ua 111 tbe evretn tM peril: It would pro.luce an trre- cobolible breach in ita rails. There ere thoueauda of men in that prtv w ho cannot bo brought to look upou that measure with any degree ol tavor. . Moreover, Repudiation is the re fiisal on th Purt of a Sttte to pay a debt grounded on a denial of its origi- ul obligit on. Sue! a plea, if plea it ri". bus no sppliotion to -our onse We do uot deny the validity of th l tit under ooiia.ueratiou the ol Debt. 2l. Of cemproinire. 13 any com proiitHA iKisltl:e ? Is there any 111 hi anew mi history of a tt'-ito hsv lu'u oxunproiniani with its credit Ola? Ill rtlU Ilelit Ol U SUt of North Carolina is up wards of twenty m.lliona. The bonds am owned over n large portion of the civilized woild; the hohb-ra of them number scores of tboiisauda, of many ciit.101.8 and langiii gea: lioW couitl tl.ev act toxether ? lu the course ol lii.niin affairs, - miliiona probably ol these bonds belong to f states m the course rf ndunnistratiou; who shall represent them? Aa niuiiv probably arti .the .property Nufautawbat.gipir- Uniu will taao the responsibility 01 act liur for them 7 Iu. aettinK aaiae theee diflicultiea, if the bonds were it the bands of a few, aud tboae few competent to act, would they listen to our overtures of oomproniiai? The Ciipitailsta have dominated the country since tho incoimi'g ot the prt aeutad ministration; baVe the electiotia of the a-t fuw moutha led them to abamlou the hope of uaiiiff the powers of the General Government for their private interests? of imiiiR iu thm direction that co-etcion which has be"n so ruth leasly employed iu every other. When gold buj beeu employed with such potent ellco! with Congreaa, can they be made to believe that it has lost it effect through lucre chungo of mem b rs ? Will they not be apt to tbiuk th.-it huiuau nature la the aaiue, under every change of name? Would it not le- better to wait until they learn what a liitlcnuit class of meu tht y have to deal with ? hut again I Do our creditors know our situation (Jan any hut an eye wit.. 'ieis re.tlUo the ravages of war, espud.tlh Wlieu CiilillseaUnn hliB hei-n eiliploVed M Micli a colnaal tijale ? Is there any ethei i ri -1 alien of ihe. property of a whole people le- i , ( been aiiljecteit u cntiliscatioii? In a leceni number of the " Kdmhuig Re- Mew , Jmnary JN4, II l,i Catiliialeu thai the coiihacai Kii ( f lae property cost the huitilieni whiiea twelve time as much as lie r'iciicli hiilemuily, liopiilaliiiu fur pop ' ul.iiiim. And yet thai apHared to Kuroj e so crusiiuia; ai to luiituo tne ueiieituat u would cripple France for a generation. Can history giv" the foreign bondholder any atleqiute idea of the condition ol a pwptc hfi4ir7i w ar hi" w luTi such uiqvirullatd m-iisure were re. suited to nnd tollowed tip st'er the, war by measures equally unparalleled? It It certain that t.e American buiilboieis A" no! know, or do not caie fur our cuiah ti'in. Tliey tietite;e the 1-Vtleial courts tn thiR Slate; they pro every : claim nrxiii win- h the most speculalive law yer will Vendue to encourage mil. "lhey cry out, like Miyloik, lor 1 he pound ot th-sh Such ant tome el the qili'siim s which thinking men, who have turnci th-ir minds to this tuhieci, have lun b en lohileriug UoW pcrtli.eut those qtiesihii lire ,1s proven by the It isirt of the Mate Uebt (oum'.ttee,, j ut laid before the Leiilitlure. , .'run, that Hepmt it, apis-ars tluit alter puhhea- tun 1 by the Committed, inviting a confer ence with the Hondholdi'19. a mere traction of the stuck was lepn-scnted in the meet us;; li a? ol the toiciu bouiioliiers. not oi-e wm present, either uy MM.scir or iiroxy ; and that the. propositions aiibitnU Um further, if a ronuiromiso were possl hie, it could onlv he made upon ternui in hi)i-smlile to a sovereicu Slate. Creditor? would accept of no compromise unless Bc cured liy Hie mott ttriuirent guaraiitee They would accept of no compromise thai t.id nut give them a right of enforcing that compromise lu tho courts th.it-did not tive them, thereture. a commmid to tint extent over the revenues of the State. It it weie eeriwihH to make such a sur render, v ould It be so in the prebeiit con dition of our State? We should lake warnitig on this eul k-et fiem the Slate of Virginia. Under the exhiliil of ilie resources of the Stato, wade hi ore of his lueeaaget, hy (iovernor W aik- er, she funded the Interest on Irer public tlelit. It Wiw gulisraueiilly fuinid that this additional burden was more than the Stale could hear. 'Ihe Lehlature then sus pended the Funding Act, whereupon ult were commenced. These resulted In judgment for the creditors; the State was Ixmiul irretrievably. .Viw. one has but to tetd the address delivered by G"V. Kemp er to the bmidbolders at their rvcent meet Iiir iii Kicliniond, to he satisfied how eu-tin-ly erroiieuiis that utatenicnt was. Let m not, with our eyes opcu, coii iurt the time error. . Above nil, let us eoii.seiu, to no measure which shall surrender our con trol over the revenues ol the State. ' tl. Haiikiupti'V. It is clear from what ha been said that the principle of b.itik- iitpicy etnnrace natioiia a well 11s imtl- viiluids. There hefn.',howeer,tni tribunal to adjudicate betw een a8oveivli;tiStateand lis cr'tlltors, as always exists in the cane of indiVKlunls, Hie decliuiillon or linukniplcy nms;, he made by the (state llht-lf, by an idler til s much by the State In lieu of the whiK Tliere are many such case,; let ti take one of the rrivt stiikini? that of Kianrann tn I (lib of July, I7l- By '.hi n'-t ' f liiiikrtlD'cv ttie n.-hl i.r r ranee was re-luivd IMIU JI,(KK),U0ll .tellll! tn H,4M,. (Mil. Kilt. Ill t Iik i-.v 1-i-nlire nviil .nm fourth in money,, and three- .1.- f 1 . . 1 1.:. uiuiins in nominal gecuriue--MGtiriue ' r. ' h ' no prvwtit Bi-'JI.i ot DiV- ny re a.. 1 ..t 1 J alt of the debt ; tl s '.a.i s irlu in ll. t'e..iiry n;iM tie as In-p in tr' iiti Mi La i-o pn t.n-i- lei-.ni 1 I pavnieiiL, ot.a-r thau by ttie --lie or tax ix ihh : ti.it muit irom tue Vll re;ei' iii'n ltb-h this rlavt cf --iiri tti Lti 10 j ii'ly fa I n, dicM a mea ur woulU V niviMe ttie nsity ot farther Uit'toit. Now. it is b -red that r i m- ho bas d'.iy i-iK'i-retHiieeordi ifinof.ir, S.afe kisul. ii.tli-T in thaae paea; do one whobM - p- ee;v aeiulieii tin- .pl c 1 rclirall-u ina-ie u i this stit-j'Vt by th f.ovi nior ami Tiehs- awr the nie, Hk p i icalhiad; ti e oth- f. the tmairid eXiioaei wmen orouiia ih. nuu 111 d'.sposetl to venture upon such an expedi Thia bring! ui to the la' ud only other a'ternaiive that ta t.i take 110 action al pr-'sent. tiutsucn a rour-e would leave the biter-' a'ready large in a noting ui it ill further a id e nstant acci.ii.ol,-iiieii! This is true, an-l the evil 1 undeiaahh great; but grCttt, ai r i', ti us )ct auiuil rem, aia w iin 11 e it.'U ot iinpe,cs a la-avv burden oft;tx- tion upon oi.r pintle at the iirttnt t,me. I Hue n l.e-i- our lu)M unieut ally. All o il bo ate In the fining. Ti e reo nt elii lions w ill tie mceeeded by an almte- inm.t ( f that liis-tne hate which hn pin nit-1 11 niiu-e the whi. e thai once iieee be placed within the pnle of chrUti char tiea. A c'm and iialiluiic Inquiry ill he dirctt-'d hito lh condition ot ihe Niiit' eru btau. When such inquii v iH ma , our trua coiutiiina win i-e, omn ko 'n. lb a wi-U be-teen to what ex 1 'Uiit'e we, a a rt'Optf-, bv beeiiMi jee ed ; w hat nith-ul g we Pive tndiiieit. 1 ht n, as the h cical imi ti tlo eiet lions a wise sUit-MO h'l; will a-blreia It elf to lift creat questions ot the, riav. Th-'ll a III the C n Itu'ion.sa ofin and f riitiiiislv violated In the tuvernmeut ci the S mi le ru States, In viu licatcd; com plete local g'lveruiuent will be restored h 're-; oppressive lawa will lie ren-ab-d a i l a rleriiic rare will le extended to o ir gre..t staniei, :-tii;il. a which coiisiiune. n iw, aa ht-relefoie, the mum pillv v in the f 1' r,C of Anitrieau linaiice. Wheu that day l ail Cuaifl! when a fria career is cure nv-ro pietcnted to our people, then will our Industries revive, our res'iurc- s b 1 opened up, and our prosperity be re stored. Then, lastly, will the Slate V N -rth Caioliiiitl It her honored head .-lua-n, am! do for her credit' irs all thai tn Lorn' S'a'e cad do. A North Caholinia MISCELLANEOUS. 1 RD TOtT ARE THKM 81TR! TOH H VB a. Tilt Hilar in (iuai.it. Now in S'oo m d t oueUuitly Beoeivltjg Ad. dltlona: Plows, Hoes, Shoveh, Spudcs, ( Wheelbarrows, - Pitchforks, ANV'LW, nti'fK-.MlTH'.' BKU.OWS, TIiwk, tlamtnera, Trace tlU i'n, Collate .Hauieii, t'luw Nieel, liar Iron, Itunn, spukea, Mulie, .IMITM. 9laIOHN. OVtAN, SyiOOTlllO IKOH, I'lKKIT KM VIM, l ain ; 4 i! 1 1 r iiv, ltl.lUl.VKHH, l.OMXO HVIITt.l lOOPtU'S 1IHII.K, And tlomplete "tuck hi HARDWARE, At NATHANIEL JAGOBPS HARDWARE DEl'OT. IVO O MAUHET hT. GUAM), GENUINE 1 In Lartre or Small Quantities. Bt tn.ijni-tlotis or the Perutt'n ' intern. mont. their A (jrjite lif mt'ineed (ho pile of liimiiape (inntio irom ni-premner ist. if 4, 10 dixt twin doUar-i and fl'lycenu (f (3 Ni) goid. per ton of iM0 pnuud arose, eKtHbllnliiiig nt Die sume I line hew erale nf di-ceunta. the lnwM Imli'd ft 1 rente on pri-l fnuu 60 Mi mo toiiK.tne h ch.-et (atnonAiMi tons end over. A uul. they will not mil la lots ot lose than len tone. Under this new arrangement I am enablod to fill orders for lots of ten ton end upwards at less price than tho Agents of the Pe ruvian Government, , will, as ortrori?iiaHnTitT59tin der ten tons at the same rate as charged by them. Circular ontilttnlua tstlmorta'e, reference! And lull particular), runllirl tree on a-i Ileal ou 'o R. BALCAZAR, Mo. 88 Bt-arer St., New York. ' P.O. Box 139. dee ST t-dwrr Aiisomillc Male school. LOCATION lOMIlea North ol Waileaboro, N. Ct The oi-rnii'ir eiielon wilt begm February 1st, llilB, and o-mMnue twenty weeks. Kiv NrdliHni B. cehb. (Oradnate of hfl I'siverslt v ol ei'-rtli Carolina) Prlnelnal; aided bv competent and eaperltnctit aseislnnts in vrv de aMm-nt. Tuition as. o ann perqnarter. pavaoie In advance, initfteeto all canal lales for Ihe iiwiei Ministry Board and lo'glno 10 per month. Washing, fuel and lights at mo erste ra'es. Airaniieninnta h-va rieen made !m the Oaroiina f nt --1 Hallway 1 empny to pass pnpt'a over 'hair Bo-rt lor h'l fre a mple neromnioilatl'irs for S O students. 1 lia College Ilulldings are tiring tiiurougus repi'-d and n.wly tarnished For further tnloimatinn addreaa J. J, Mnl.ENDOW, Isn lil-lft-Jwd. 'Anainvilla, N. 0. " Totacco Leaf and Colion Plant roBUISUEI) AT CHARLOTTE, N, C, 8KMI-MONTH1.Y.' Lsrgeat circulation of any Trade Join nal In the sontliern States, bohacrlptlnn 'i per annum. ::Toteo leaf anl Cotton Plant. scrriKasaT Wikkiv. Over Flea Hundred gratuitous rireulatlon. Tent paia Saf Inienroplialo Peet Offu-efle adjoining conntiea ol tn Csn-llnsa. J. H. X 'RIttS, deeJ0tf , Propretior. OR OA ia-".T PROFIT TEH OU DU WEKK. Will prove. It or lr. '!' 1 1 pies Ni0 New article nt patented. Mam pies sent rree to. all. Addrtss W. H. CHI bKHTKR, MT Broadway, New York, 4w iKaTKR. MT Hmariaai. go THnrE f - ' J JACOBI I nit a ifv SHIPflXO A ' M AUITIIIMJ i U 1 a 1 . U.a JD1 L LiU I . K -1 r'l , I 'w Fast Freight Route to all Points South or East. BALTIMORE. PuriaiiDii cxmsciiy, SA.LIM. FHlM HA 1. 1 1MOKE Tuesday & Friday, at 3 P. M. AM. FUOM WllJVIlMJTt'N Wednesday & Saturday. aviu i ii itoi on bills or North tml S.mth .Carolira, Georgia and rteigtit to li.iltimore, I'lnladelphia, Aew lork Boston, l'rovidenoe, - . F;dl Rivr and other Eastern Cities. Also, to Liverpool, -Glasgow, Bremen Antwerp, and other -European porta. Tbsa Llrea ronneet at Kllmiiiilnn m-lth ka WllmmiitoB Wi-lilim Kullrond, Carolina i'.mtral hallway, and t are Fr hi 8tBira. atib llielr connectlug Kuaoa, utter DLtquai faellititt for lh prooipt daliverv of lrlabt U all fOUi'H. . . , A.tbsCemrrcr tnnw l.lrft, on arrival to Wilmington, Hop at Railroat dit, tM rrrlplit Is- 'rannir-1 o i. r rav-rrd iedi' lu can wlihvut delay ad loraardtd bj tbafaM rroi nt r.(i-rsthat s,e a" rtravaits ir, Wi;inli ton, isd no trannfr freaa WHml((lon South. Haviea Uuarnutwd aa I nw aa by ruHiiera pioiuinly paid. TU ARE ALL GOODS VIA WILMINGTON LINES.. a-for turthii luturmallon ply to eltbsr ui Ui BD.Iotnlgned Akuu vt tl Linat EDWIN FITZGERALD, AM 1 altimnr WhontbBt, Litis, Baltimore. oct KAIL K.UAD WILMINGTON ANO WELOON RAIL - ROAD COMPANY, Ovmoa o UaaaaaL HcraaiKTaaosaT, ) wimunpon. a. J.w.J, IS78. sCT3 ORAMIEOK SCUKUUhK, ' Ob Snil after Jan. td, Faawnger Train ur tho W. A W. Kali road alii rau a followt i MAIL TRAIN. aa rnioo Depot dtUy anndayfi) (except 1.85 A. M IU1A.M, II!P, It it 4 1 P. ie 10JB A..M Arrive at Oe.ldloro at ' Kocav Mount at... ' Weldbnat ' eave Wehlondalty at rr at ttoi-iy -roitnt 141 A. W, Uoldeooruat 1.8ft P. M o Union Depot S OB P. M. IPRKHH TKAlM AMD THROUGH FKBIUHT TUAIN. Iaie Tmon depot, daily, al 1.13 P. to, Arrive at Moldeboro at... l.V) A. M. ' Korky Mourtat 4 PO A. M. I - ' ' Wflliloo at l.St) A. M 1 Leare Weliton. dally, at I4H P. M, Arrle at KO' ky Mount al. , 9.I9P. M troldinoruat., UI1RA.M. 1'nion Depot at A 80 A. M Mall rratu enakee close oonieetlon at Wei don tor all point North tie Hy Line and Ao qnla Oreeli routes, v - tf Kpre TrHtli connect onlv with Aoonli Ureekront. Pallniaa'a Palao Meeipa Ina; in ou thia I rain. Freight Traiiie alii leare Wilmington trt weekly at S.43 A. il at rt sr-We at l.n p. M. JOHN r.DIVINK, . u Oeueral tine't. JenJ S-M iireopv. Carolina Central Railway Co. ' BCPERI-N'iyNDENT'S OF'ICE, J Wfrtnliigtiin, Deo. 10th, li74. Change of Schedule, On aud alter the 1Mb Inslant, trains rim ot er this Railway ae follows: all! PA8SENCER TRAINS i.ea WIlmlngtiH at , T IB A.M Arrive In Ch ullotte at..-. 7:45 P M Iieavo Char to at ti:46A M Arrive tn Wilmlugioti at... :4ftPi T ?tght trains (ra-t Freight and Ftumen-gi-rj In ful lire tuition. .. FREIGHT TRAINS I nave Wllnilngton at. 6.00A.M. lrrlve al l.aurlntuirg at......... Mo r. M. tiave taiirinhiirg at. S no A . M Arrive at. Charlotte al e.rm p. M LeaTe cbitrlotte at.. '. 5 0 A. M Arrive ai l.aurlnburg at .6:Ki P. M I,nve I snrlilini s el s, 6:00 A M Arrive at Wilmington at 6.M) P. M Connections. Connects at M'liniintftun aith Wilmington & weldon, ent Wllmlimton, I olnnibia A An- giiNla Kallroade. lenil-wetklv NewVorkand rt-werklv naltitnore and weeklt Pbllsdei. ihl Kteamete.aud the Klver Boats to Fay ettevllle. ' Connecls at t'lirlfitte with Its Western III- vle rin. North Oarolltia Railroa-'. Charlotte and statr-Hville Kailmai, barlo'te & Atlanta Air Line, and Charlotte, Columbia snd Au- euna Kailroad Thus supplying the whole Wert. Northwest sna noinnwest wiin a short and cbup lit e t the Healmaril ami KurepB. .. 1 11 S.h FREMONT, Chief Engineer and Superintendent.. fl-rlJ 29l-tf mr Papers pnhlt-hlng 0. C. Hallway ached ill n aill please notice changes. J ENK KAL 8I5PEKI NTKND'TB OFFICIt WILMINQTON, COLUMBIA -am n- AUQUSTA RAILROAD CO. Wii.MiToa, N. 0.. Nov. 21, l74 aSi CHANGE OF On and attar Tesday, icb rdule . I ' : SCHEDULE 24th, th tollowlng NKIHT EXPBE8H TRAIN, (Dally). Leave Wilmington 6.?B P. M Leave Florence .ll.M P. V Arrive at Columbia , 4,0" A. M, . AOitust., S4BA.M Loav Augusta 4 ft p. M. Leave Oolumbia. d id p. M, Leave riorenne 12 fin A. M A rnr eat Wilmington 7. to A. M Pajuii-noara mm. W..I ,n ,1 iA- -1. 1 - will teke through Train, leaving Wilmlngion ab r.., r .ti. PA88KNOER AND R' A (L TRAIN, (Pally escept Hnndsy.) Leave Wilmington . S.411 A. V. Arrive at F'on-nre.. Vin P. M Arrive at Ooln"nbia MOP.M Loave Oolumbia.,, t.t0 A. M teave Florence 110 P. Al Arrive at Wtlmlnton . 7.00 P M a Though ennneotiona at Florence with tram 'or Charle-ton. tTh rnigh Sleeping Cars on night train iur vnarieaioD ana Aligns a. JAMES ANDEKftOt. (len'l Muiierlntendent, novji 'ZO-tr CoalCoal. pEI) AMI WHITE ASH, A 11 Sites. D-jllverrd Promptly. 1 0. Q. TARSLEY.& CO. ". iaw is " ' 11-tf tnevaiMt laihlonatl (tyie at tne jooBNAt orrioa NEW YOEK. Mile's Wiliflitoi' Lht P SAILING FK -M EW TOKK- TueSday & Friday, at 3 P. M. -A-U FKOU'WILJIGTOS- Wednesday & Saturday. ladi.hu to all points IB Alabama. For North or East bound Wllmlt-utrn. I'nlnmtila A nu,it fallrrait. any alarr llaol I.oaaca )vt WM. P. CLYDE k CO., Ai-nt N.w i,rk l.rnea, I howllcg l.reea w Tor A. D. CAZAUX, Agct Baltimore an I New York Uses, Wilmington, N. C. ' 6 ty BUSINEv8 CAED8. Graham & Nash, ATTOKXEYN AT LAW, CHAHLOTTE, N. a TJRACTICK J THt tiTATE AND FF1- X titsi t onrtti, aed nake eolloctont any b-re In North Caiullna Also negotiate salea ol Heal Ki-tste. Autlenlluial. Mineial ai.d 1, 11 ;o lur tracts, and dtsliaole City Lois rea slsnt'v on hand. M10BAKL OBOKLV. WHXB SOIU CROKLY &K0RRI8. AUCTIONEERS. STOCK AND REAL ESTATE BROKERS WILMUTOllH. O. (IAN HK SEEN AT THEIR BALES ROOMS AJ a 1, Ian ol tbe eilv. on an enlaried srala. Blank Hook with the boundaries of everv Let in ttioctlv dlattnctly OeflntU. aaae.aea value, past and present, or vary lot nthecltv- Any inlormsUoa deelred fumlabaa npoa aa- plicntion. , aasamajaavaavaaaaawjBaaanaaBaBBa . IHSTJRABCE. North Carolina Home Insurance Co. THIS Cuuipan) continues to write Policies at lair ratea, or all classes of Insarabl prep. erty All Iosm-b promptly paid. . Encourage Home institution. K, H. Battle, President: Beaton Gaie. Seer- tary. . ATMUO MANNING, Agent. Jon 1M-W l-47.oeo.ooo natK iNarttAH'TierAFI. 1AI. Kr.PUKNKNTlUi AVTICM FAfiatJ HON'IOIk ajOMtKH ijueen Insurance Oompany, of Liver- ' pool ana lonaon. capital... aio.oon.oct North British and Mercantile luaur- atifo Company, capital 10, 000, Sot Hart lord Insurance Company, capital t,tet.000 Mitionai rue innirauoe vompany, of Hartford, capita) SMI.OM Oontlni-ntal Insurance Oompsny, of ani lore, capieai Phrenl! Insurance Company, of .rW0,00t riroosiyn, capital.. l,BM,ew Virginia Home Insurant Company, or nvicnniona, capital iVW.OOt MARINE Tbe old Meroantlle Hatoal New Vor. LIFE Th Oonnaetloat Hatnal ford. of Bart ATKINBfN MANNING, Oeneral Agenta. novl Mt-tf J EKC1I ANTS AD ECH1SICC IJiKtBANCE C0MP1ST, OF RICHMOND. VIRGINIA. Capital .: ilSO.Mt A. Y. Broaas, Ptesldt. I. B. Moobb, Sect y JOHN WIMIEB ATKINHOM, General Agea No. 4 North Water SU Wtlalngton, N. O. aprlllt 188-U JOHN A. BYBSE, GeneraJ iisne Apr (FIRE, MARINE AND LIFE) 840,000,000 Aoeeta BepreaeataeU OFFIOE Commerolal Eichang ' Baildinf North Water Street net 11 Screven House, R. BRADLET, Proprietor, T HIS LONG AND FAVORABLY KNOWN House, pleasantly situated on Johnson Bqoar, having been recently repainted and repaired, and having all of Its department filled with, competent, poltt and attentive employ, oflers to the traveling pabllo comfort nnnr passed by any House in the Bouthern State. , Pa-aengers having Throngh Ticket and da siring to lav ovor at. Screvn Hou-e, will have Kro Transportation f n m the House to Depot o ft'smeisln Screven Honse Omnlbneee. iceS . tot-lm 22 Golden Seal Brand And t general assortment of Flog tad Flat Cot TOBACCOS. At prices to suit th psvmenta. ' 'at No. 84 IVaxkat Street, By rbt D. PIOOTT. a
The Daily Journal (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 13, 1875, edition 1
2
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