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lata iWI 101 ) Jul 1.1. Ii9. Ibice bun
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Itrl.tnrr la lr Imnilml ami tarul.r ! Ib'.u . x,Bty alllbe Ftnte teli.M.1 f jml. tbr i-m.
Mini 4i-m biin.lrail ami ii...IUi I. .fly Iw.i f, i. n,iN pari nl 1 tie fini.U.I. n..ih.I
cent. (itl..lIJ. Tlir:i-fi.Mii a. voial j i,, j. ,y ,. r,.n enu.ri.l I i
ri.util lr-a riiiialn niiNilil. but e lann.ii l l- Mil, baa Urn rml. It I. niiiin-4.r)- I..
pM-l tiK.r llw-i arvi-niy tttv lluciannil dullart ,,K 1(1r fi ,i, r 1.. 1I1I ik-ni.-ni ll.e
if 7.1 (X1O1 fnmi IbliKiitn-r ! n.l uni .." a ll.ua n 1I1 h.-.l fi.im ua K.v'n-ia
TUo raliimtttl liri.tnlib? ri--i-.r i.f llic ktr ,n (,,r , .uk. ua liiipiovr
KtMd ..rtmi"'"! alui iiat H11- (iiwnl IimhI
year will Ik-. Ihrtw buiidrwl anil irnr.ljf Bee
ilmuannil tarn hundred and t..lilr iloll ir.
tflTA J-IO) Add intrrral fal'lnz duo dining
flaral vrar.nf one ntllll.in lltlrly lao tb.uiannd
fire bit ml reti and ninety i d.illur. Ittl.ftl-..-(VIM,)
will leave I be atnotin'. In lar inirb!.-d lr
en mlllriin funr hundred and arven lbiiunnil
Matlil hnndml nd larnty-all dnllara. $I.
4iV.8.4 ) To meet lltl llie Trraanrer aril
hare fifty lliouaand tbirty f.mr diillurt an.l
ilRhlT-fiiurrrnta, lf.V.W4 W.) after ruylnul
on liuinlreil lli.iit.and dnllnni AIIU,W0.)
tcinponrv lunn ; tiint rcixivtKl lneu Ot-lii-larr
ll. IW, niiiety-flvfl iliouannd i.nc linn
dre I and nini'ly-ali dullnra nnd lliiily M-toit
cenli. ($Ui.llia .'17;l tf.liniiile.1 lim- iltie, lev-enty-flTS
llinumiiid d.illiim; (75ttOO,l pro
ceed uf t"..!o of Xi.rtli Cnrnliiin rnilrnail
lioniU. nnn hundred nnd neventd-n IIuminiiicI
til liiinilri-d dullnra: 11 17.(1141,) mukins n
total of lltrcc liumlrctl nml llttrly cvcn llmti
nnd clirltl liuttdrcd nnd tliirly nnc dulhir
aiidlwcnly nncicnn; (:i:I7.m:II. SI.) I.i-nv-itiK
Hie iiiniitint of one million and aUiy-nine
llioiisunil r.lne hnndrt-d and nlnelr foiir dol
liirt and acvenly-nlnc cetita. 1.000.094 79.) to
be pniviilnl for by taxation during Hie proa
em tUrnl renr.
The tlock nnd bond held bv the Slnle kti
eoriKiraliuni, and Interest due from aiild cor
porrttlona, Ii ai followi : Stockn, eii;bt mil
liun five hundred utul thirty four Ihousnnd
live hundred dollnri. (TH.M4.BI0.) llondi,
lour million two hundred and Ihlrly-fottr
thou-nnd dollars. (14.2:14,000.) Interest, four
hundred nnd scv nly two HioitSBiid five hun
dred dollars, ( $472,300 ) .Making a total of
thirteen mil lion Urn hundred and fortv-onc
thousand dollnrx, (t 23,241,000.)
I ritcninmcnd that some mode be provided
to ensure, the payment of Ihii interest, and of
audi interest ai may be due the State in future
from corporation!.
The report of Hie Public Tremnrer will
contain full detnils of Hie public debt, with
recommendations its to the heat mentis for
providinelor interest. I hnre full confldttuc
In that ollicer. nnd respectfully commend his
stall-limits nnd views in the consideration of
the (iencral Assembly.
The estimated value of nil the property in
.tic Stale, lands and llielr improvements In
cluded, is two hundred' nnd fitly millions of
". dollars. $2.)0,0(lO,rO0.) I do tint retraid
this ns nil exliaviisfaiit estimate, but assuming
Hint it is, nnd puttinir it ut two hundred mil
lion, (f 200.000,000,) it is clear that the peo
ple of the Statu are fully able to carry on
their government ant! at "the "nine time pro
vide for Hie payment of the interest on their
debt. An adtntnrtnv tax of one per cent on
two hundred millions would raise two mil
lions. At n half per ccnl, it would bo one
million. A citizen worth live thousands dol
lars clear of debt, would pay twenty-five dol
lars to the State, in order to raise the million
that will be necessary -tltid so on in propor
tion. The interest on the State Vcht should
lie met promptly an-l in frood faith, nnd the
taxes necessary to meet it should he levied.
1 tic vonsiuuuoii won ii tteiiavean ..turn ...
support, provides Hint Ibe public debt "shall j charily, nnd which, honoring those who may
never he questioned." If we hesitate to meet engage nil, will confer immeasurable licnc
thc interest of the debt, or if ire fail from any j fits and blessings on this ami future gen era -cause
to make due provislcti to meet It. wc ! lions.
t!.crfv ".pleat ion" ttte d M. snd do ti'ilrnee I recommend, in the r-"st rnrne.l terms.
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aid kH ..nl)r a4Va.11.44l iy omi .W-. l-ul
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ni ,.,j,. . ,,,.i,,u ..f li.... an.l m.ain
( r,ur4ib.n" in' all .;.. Ull.r l ip.-ii
ril.n.uc iI.jii any ba.:..f...i in i V... i.rt lu
-
l. f,.,. ;, In , ,,,r .l,)i
r,.,,, ailll'lbr . I111-.I.C fc. It a. a .
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UIVii, ami aiMh-aa HHlvi tu Hie
Inline. Ue tiiiil bnvc free public vb..l
Ir lb.- all ibe tliil.lrt-n ol the Mule nl Hint
ever ct.M. 1'liii ii
lu.y which ran nt-.tbi-r
Ik- ttt.iietl nor evaded. So ihnr.ti;liljr mil
I lii.nrtK.aetl wilh litis dulr. an.l an rarueslly
am I coiiimiittil In every leanilile nieatuie bi
rendrr In full aetfnniiHnce n-rtnin, thai but
for the aaiurnn.-e that it will be I ti ua per
formiil 1 would depir of free popular gov-einiii.-nt
in North Camlina. "Kducntion Is
Hie liiup defence of nation,-- not only fruin
without but wi'hin. Il i Hint lijlil wliii b
ilialini;uisli(- rvliutil nnd civilir.ed trom .
Itirl.atl.in rwc. ll forms nnd compacts Ibe j
only Muiely nmoiiR nun wliitli I wortliy
f the iiau'ie. It Imiebes the ear ill, and It
blosHouis with luxuriance; its mil yiel.la its
choiccKl ftuiit. its mint- open nml pour out
their varied Ircnsnre. and its livers and
ens are whitened Willi comm.'r'-e, wliiih
carries with it not only i xchaiiealiie we..lth,
but Ideas in government, literature, teieiue
and art. It is Hie only suru basi of Rood
morals, for without it the Divine Word,
I ho fountain of all truth, would be a scaled
liook. Il 1 the strongest bulwark that can
be creeled to protect the rights of prop
erly. 1'ropcrly holders, are therefore, ape
chilly interested ill promotint' education.
Taxes for such n purpose should be cheer
fully nnd promptly paid. The nttluciit nnd
the enlightened can afford lo care in litis re
spect for the poor ami t Ii o ignorant, sittco il
it not merely tliclr duly, but their highest in
terests are thus best subserve 1. Jlul little, if
any of t;.c money expended for education is
sent out if the Stale. It remains with us,
and while our people are thus enriched with
knowledge, they are not rendered poorer even
in money, as the latter is collected from the
citinins by ana band of the State and im
mediately disbursed to them by the oilier.
The people of I lie State are anxious that
Industrious and worthy immigrants should
come hither and settle among us. It is n pri
mary question with nil such imitfnints wheth
er in the communities or Stales in which llicy
are invited to settle, there aro facilities for
educating their children: If we do not put
in operation as good public schools ns there
are in other portions of the country, we can
not hope to attract lo the State any consider
able number of immigrants. They will., con
tinucto turn their steps-4i)wnrds other re
L'iiuis, not more Inviting than ours, il is true.
ni climate, soil nnd material resources, hut in
which tin V can sccairu for their 1'Mld.t.n, at
the public charges, a system of schools to fit
thc;n to become intelligent and useful citizens.
The people of North Carolina bnvc long
been n unit in favor of education. From the
daps of Viincey. Mttrphrcy, Slanly. Cameron,
Oaslon, Ciildivell, iimlfolhcrs, to the present,
their enlightened statesmen of all parties have
enjoined this ns the firs duly of tike Slate.
I am iK-rsuadcd that the purpose lo educate
the rising generation is as firmly fixed now- ns
at any former period. This ia a subject
on which all can agree. A rivalry can exist
in tliis respect which will be ireneroiis in its
nature, w hich will violate no sacred rule of
llat-l al lit.! 1mU:) 'U M hI
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a Ut I e by tin r 'alaui a 111 n.ntn.u lu .ia
I'.e iu! J.tl Uauu Ilx Ailraiaua uf i.e t.rmrtl
Aaaraiit.li until i til'.. I.le laa f.r lUrtr .r.'i
ilunara rltatlitl A a.aibifriu.n no 4 If ,
Uavlaataap iaii la aa4l rrr itaw.-a rnl ffi"
ais.i.(Ui, uf It.c !l.li- llur .rrarnl ataJ
future trt.4ar-rltr lul.t laf laaartl i.n bil.H - -11.
abatulil M4 unly la bunnleal. I -Ml it
ilaoubl I- t,i.U4r'cJ ata-l .rt-tuutr. U rfy
pr.nltablr lural.
Hul ab le bttr al."il I r .n.r,i. J mI
U.im.ii.1. l.ltrffM-4 ali.ul-l l.eax-itr lau rtHinlr
n.iKT ur laiur l.irry nrl4..u!.l U n.iunnl
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I. ....I put 1111 uur .l. and a..iUb..U'r. n
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i f aa.i.i. biuil fui all lu b... and r.lt .1. u'd be
tt .i.VraL
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mlli.r Ik- (...(.ltd u.n I iiii.inluti.iil ; but .tu Ii
an -Hin 1-. lit.tKiii.il, ll lul il.li.i,vt-l, by
ttvii n-l i.itv a tt I... b n.-.y U- ani.l In il;ii-i- lln
. i.dit.ir fnl i .i t. i.i tl,!- lii.tlila uf Ibe il.-l.t.ir.
a lib lb-ri-it.:liii v In mntir rav rl tin- .a.
uf tin- alt :.t 'I'll''- .I. liiur ii... y i.V.i.l fur ii il.il
L'.-i.re at'il :. i.itv ii. I. .ui; a. it i. r.-nw.nublc In
ib. 4n, ir ii. b.ii a. llii-rc t. n tv. II rroui.diKl
ataman.'.- Ih.it be w ill be i.bltf to .iy : but
( ..!.. I. ..It.. ........ 1 f.a.111 .1... . a...ll.
. ... , ...i:.i.. ..
inr, who bin certainly wroni;ed no one by
. ,,, tiiba.i.uei.l induliie!..-.-amf for-
rt... a.M.L...a .,..1.1 .. l.li I.....U.1.1- ..a
r ' . - .....
iK-unihcv. Muv laws in vaiiou Kind nine
Ikk-ii in oH-niiioii In Ibi Sintc for years. I
tay nothing nt lo tin ir constitutionality ; but
t-vrn w hen the uiif.ntiiuale condition in a liich
we have been plac d during Ibis ieriod is con
tldered, il cannot lie asiumcd Dial the deblor
will lie harshly treated if now required to
meet his obligation. The lossei incurred by
the relH-liiun are not cotilln-d to pnrtlrulur
CMS04. They wen frecetal. iitfecllng the whole
ii.Kiple of the Slate in everv walk of society
If udebtor (annul pay in Ibe hist resort, alter
reasoti-ible indulgence has been extended lo
him. he Is n baiiktupl. W Im I lendcret' him a
ImiiUrupl whether the rebellion, or his own
imptov iU-ntT. or want of economy or fine
sight is mil material to Hie aiguuieiit. We
may lament his misfortunes and sympalhlze
with him. but still the fail rcmains'llmi he is
still in Misctsion of properly which justly
iK'longs to his creditors, somu of whom mav
have licen reduced to bis condition by bis
fuilure lo meet his obligations. Th-J i nlv
refuge of such a person is lo compromise with
his creditors, ortirrnter a courl of bankrupt
cy, or to make such an exhibit and disposition
of his properly and effects us will satisfy his
creditors Unit lie is fixed in tin honest purpose
lo do them justice. I do not by any means
concur in Hie opinion thai an honest bank
rupt has incurred any serious loss of charac
ter ns a business man, or Hint he should be
distructcd or avoided. Such a man, on Hie
contrary, has displayed honesty, moral cour
age and candor w liich enlille him to the re
spect and confidence of his neighbors; es
pecially when wo remember thut wc have just
emerged fmm a condition in which nothing
was solid, and in which nearly every one was
Involved in pecuniary disaster and distresss
Failiiro in business or loss of property should
but stimulate to renewed exertion. The hon
est, industrious and upright citizen, howso
ever reduced or depressed by misfortune. il
always find friends to aid him in his efforts
lo improve his condition.
I recommend that Ibc stay laws lie repealed,
and that creditor and debtor be placed on a
footing similar lo that which they occupied
previously lo Hie rebellion.
The homestead exemption provided in the
Con st i 1 ii I ion, even if not. good against former
debts, will nevertheless operate beneficially
in the future. It will secure a home for the
family in nny event and it will have a salu
tary eflect lo a certain extent in checking ex
travagance in the credit system.
TUB MILITIA.
AltentLon is Invited to the lv.'v.rt of the
Adjutant Qem ral. Iicrcwith submitted. The
view s and suggestions of the Adjutant Gen
eral hnvo-my entire approval. The opinion
of Wamiinuton, uttered in 1700, Hint n"frcc
people oughl not only lo lie armed, but dis
ciplined." and Hint well-organized militia
'is certainty a-i object of primary importance,
whether viewe m reference to the nntinna
security, to the satisfaction of the community,
or to the preservation of order," is not less
weighty or important-now than it wa then.
The expenditure incurred thus far on nc
mmtf of Hie militia is quite small, f did not
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hanua ul ll. frii-ml.. ami will lar a.ii.lhlat-nt1 hr tlirta.
Tttr rtiti-rtimrnl nl Niiith I'aroltna la la Ihr haatla l
II lita-a.:.. ami uf lln-IrliTil. ui th aaili.nal eo.rra-
larnt. anrl will h rtmlnl4tim1 hr tlii-ai. Ii ahuatd nal
) our alni I.. nK II fur r-r.iaK-rti.iton or o.prtK.4lua to
ant. inn inr Ihi-niilrtllt.ii ai a la rial nl an. lla xrry
aalrlr. tililiiiiil rrlrri-nr In tnr In.purtai.f'r ol main
u!i. tit? anil i-aritlni' unl ta eii.-r) faith Hi en at ml a
lilt-4 im Mlili h ll tt finiiiiliKt. tli.iltli-lr n-nnlrr. lhal
114 in. ni-4 aiionui t-nieimir in tnmiaiaii-r ua annua.
Iniiii.illirrai.tr rnn tinimi.tir h.- miilnhilniKl In th -4
ri-lal li.tta la titi-rn lln lirtllnnal ann Sell- eut-i-mnti rla.
.unit, red (ur a Unit- hf rt-iHlUaiu, tiut nua linj.Ltiljr r'
tlOI.'fl
I have the honor lolie. aetittfmrn. rrrr rran.-elfiitlj',
ioiiroiM'.lli-iit ant-ant. v.. w. iiiji.iil?.
Agents Wanted
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hot nenr Nrw Romp, hr wmo KrtnTi or perFonn qq. .
knnn-n, on Tin (tiny, the Sth day of October, 1(408
By order of the Board of CommioFiom-rr..
JAS. C. HARHIMON.
run i i'HHt XT
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OFFICIAL HISTORY
l
j Of TUB ITAR.
'It Caue, C h.irar If i On
duel and KCeulta,
i Ky Hon. .Ucx. H. Stephens.
fittitt for ait Sfiitn-t nnd i. Jtriir.
' rrilll rttti mt j-f if v mI jal, it wi
I I mitt i tla' Ml ttt ut ! - l ikr Mm -
ai-al -I lKftt ) I. i. M, hlt . m!o
i Ikr ,t l titttfll. I ttt Ii lvrt.ttH t It-utw , k t.fc it
I til.il t h.H . -tarl ih , nt itt,.t.ltf fiM ll
. fui hi ii n l4, lull I l h m, rr tv. ) I In W.
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