tl hole .Vo 078.
Tarboroiigh, Edgecombe County, j V. Sa t unlay 3 .Voicnlhcr SO. i8dU.
Jiol. XX. Jf. 48i
"The Tarhtiroirih Press,
Hv Georoe Howard. Jr.
Is publish! weekly at Two Dollars per -year
4f paid in ailvance-or. Twit Dollars and Fifty
'tents at the expiration of the subscription year.
Subscribers are at liberty to discontinue' at any
time on giving notice thereof and paying arrears.
Advertisements not exceeding a square will be
inserted at One Dollar the first insertion, and 25
tents for every continuance. Longer fidvertise
inents at that rate per square. Court Orders and
Judicial Advertisements '25 percent, higher. Ad
veitisenronts must be marked the number of inser
tions required, or they will he continued until
otherwise directed, and charged accordingly.
Letters addressed to the I'Mitor must be post
paid, or they m.iy not be attended to.
Our Country, Liberty, and God.
David Fulton, Editor.
Alfred L Price, Printer.
Terms S2 50 if paid in advance: S3 00
at the end of three month: S3 50 t the
expiration of the year No pper dis
continued until all arrearages are paid,
except at the option of the publishers.
"AVING been induced, at the solicita
tion of some of the members of the
Democratic party, to take charge of the
Republican Press in tins place, we will
hereafter, on every Friday morning, issue
a Democratic paper, under the above title,
at the office of the late "Wilmington Mes
senger." in the town of Wilmington."
As tve have given a brief outline of the
principles the "Journal" will advocate in
our first number, we think it unnecessary
again to reiterate the political doctrines it
will be our constant and earnest endeavor
to inculcate. On the present occasion,
therefore, we will merely state, that the
"Journal" will be the uncompromising
opponent of each and every 'dink" in the
whole of the "great chain" of Whig mea
sures a United States Hank a Protoctive
TarifT the Bankrupt Act Internal Im
provements by the General Government,
&?. &e. While on the other hand, it will,
so far as our humble abilities will enable
us, be the firm friend and supporler of the
Constitution as it was ft ft us by our fath
ers; and of a strict construction of that
Constitution, thereby ensuring the rights of j
the several Slates which compose Confed-j
eracy. But we set out with the idea of:
not going into detail.". It would be a;
needless tax upon the reader's time. Suf-j
fice it to say, that the ''Journal" will be a1
Democratic pater, and will always ad-'
vocate Democratic men and Democratic i
Although the "Journal" will pe a po-:
Jitical paper, yet, in order that it may
be agreeable to the sreneral reader, its col-1
umns will elways be open to such items of
intelligence as will be interesting to the
Farmer, the Merchant, the Mechanic, &c.
Agricultuie, Trade, the state of the Mar-
l.n . .. ...
Keis, &c, together with a slight glance at
polite literature occasionally, will receive j
W'e hope we will not he considered too
"personal in our remarks" when we offer
a few suggestions to our friends touching
the necessity there exists for keeping on
foot a Democratic pros in the town of Wil
mington. In the first place, Wilmington is a place
of the greatest commercial importance of
any in the State: it is situated in a Demo
cratic district: there is a great deal of in
tercourse carried on by the citizens of the
lower portion of the State with this place,
and consequently a Press here would be
calculated to do as much good, in diluting
information, as perhaps at any other point
in the State. Again, there are, we believe,
three Federal to ever' one Democratic pa
per in the State, and this we feel confident,
is the reason why North Carolina placed a
Whig in her Gubernatorial Chair at our
recent election: for we feel assured that it
only require! a fair comparison to be insti
tuted between the policy of the Federal
and Democratic parlies to ensure for the
latter the most triumphant success. Well
now, it is impossible for a Press to be kept
up unless our friends will patronize it by
subscribing themselves and inducing others
to "go and do likewise." For, gentle rea
der, we suppose you are aware, and if you
are not, we will tell you, that. Printers and
Editors are so far like other mortals that it
requires something mere than air to feed
and kind wishes to clothe them. There
fore, we hope that every Democrat into
Whose hands (his Prospectus may fall, will
do all he can to insure the success of the
Journal" and the cause of Democracy.
Wilmington, N.C., Sept. 21, 1S44.
FOR THE TAUBORO' PkESS.
Written especially for the Democrats oj
THE COON EXTERMINATOR.
Am. "Dandy Jim of Caroline."
"Good morning Whigs," how do you do?
What makes you feel, so very blue?
Mold up your heads and try to smile,
For we are smiling all the while.
Oh Whigs! oh Whigs! we told you, oh!
That Polk was the man for the While
If you'll look in the papers you will find
Just as we have told you, oh!
For shame, oh Whigs-! to look so mad,
While we are feeling all so glad;
You know ev'ry one can't have their Way,
For Polk has poked out Harry Clay.
Chorus. -Oh Whigs. &c.
Hurrah! hurrah! we've gained the day.
And with our Polk we've poked out Clay;
Haik, from Kentuck a "doleful sound,"
The coons are howling all around.
Chorus. Oh Whigs! &c.
Now -the Whigs have tried, what they
They've raised their banners not a few;
Besides they've talked both night and day,
About their god old Harry Clay,
Chorus. Oh Whigs! &c.
Thev seemed to think it ali a iokc,
That we should dare to nom'nate Polk-;
Bui notwithstanding this, we find
Polk ahead, and Clay behind.
Chorus. Oh Whigs! &.e.
But to the rfpint" now we must come,
We do not mean a pint of run):
But we intend our4pint" shall be
Concerning Polk of Tennessee.
Chorus. Oh Whigs! &C.
At Baltimore the Democrats met,
And greatly to the Whig's regret:;
For there they all did soon agree.
To nom'nate Polk of Tennessee.
Chorus. Oh Whigs! &c
Now when old Clay this news did hear,
Upon his cheek there stood a tear$
He struck his fist upon his knee,
And sigh'd Jim Polk of Tennessee.
Chorus. Oh Whigs! &c.
Now what Clay meant by this last line,
To save my life I can't define;
But then he thought that he would be
Poked out by Polk of Tennessee.
Chorus. Oh Whigs! &c.
In New York State the W'higs all swore,
They would beat six thousand or more;"
But there au,ain tis plain to see,
We've polked in Polk of Tennessee.
Chorus Oh Whigs! &c.
The adage says that "might makes right."
But New York thinks that Wright made
Now let this he, as it will be
vv t ve polked in 1'olK ol lennessee.
In Pennsylvania, the Whigs all said,
That with Jim Polk the ''thing was dead;"
iHat la! ha! such a nominee,"
As James K. Polk, of Tennesseev
Chorus.- Oh Whig.-! &c.
No lontrer now thev laugh at Polk,
They find, alas! we've lurn'd the jokej
For we can laugh, he! he! he! he!
And shout for Polk of Tennessee.
Chorus. Oh Whigs! &c.
'That same old coon" has lost the race
And feels ashamed to show his face;
He's climbing now a tall ash tree"
To hide from Polk of Tennessee,
Chorus. Oh Whig! &c.
Hurrah! hurrah! the day is won,
Now let us fire our loudest gun,
And let all know on land and sea,
We've polked in Polk of Tennessee.
Oh Whigs! oh Whigs! we told you, ohl
That Polk was the man for the White
House, oh! ( ,
If you'll read in the papers you'll find
Just as we have told you, ohl
November, 1S44. 13.' A. D.
From the Raleigh Star.
Gentlemen of the Senate
and of the House of Commons:
Your biennial return to the seat of Gov
ernment for the purposes of legislation, as
the representatives of a free and happy
people, is always an occasion of interest to
the patriot, and one of gratitude to Him,
whose kind providence directed our fath
ers in the paths of political wisdom, and
cast our lots in this favoured and happy
land. May wo not hope for a continuance
of the same favors, by walking in the same
paths, and devoutly asking of Him that
guidance and purity of purpose which will
lead to wholesome and wise legislation.
Many subjects of importance will en
gage your attention but whether you deem
this a proper time to act upon all of them,
is a matter for your deliberate considera
tion. PUBLIC FINANCES.
The condition of Ihe Public Treasury
should especially engage your attention.
The appropriations made at the session be
fore the last, to discharge the debt due for
buMding the Capitol, so far exhausted the
public fund, that it was insufficient to meet
the current expenses of the government:
and th5 public Treasurer was directed to
borrow of the Literary and Internal Im
provement Boards What money might be
needed to meet those expenses.
Reference to his report to the last Leg
islature and to his monthly settlements
with the Comptroller, will show the
amount of the Literary fund used by him,
and the amount that was kept on
hand for his use; as it was deemed better
that the State should use these funds, than
go elsewhere to borrow.
The current expenses of the State and
the long session of Ihe last Legislature,
left the public Treasury, at its rise, nearly
or quite exhausted, except as to the funds
belonging to the Boards.
The last Legislature, aware of the con
dition of the Treasury, and, -being called
upon to make provision to meet tire pay
ment of S50.0C0 of the bonds of the Wil
mington and Raleigh Rail Road falling due
in Jan , 1S43, and endorsed by the State,
directed the Literary Board to redeem
those Bonds; and, finding it necessary
likewise to make provision to meet the in
terest falling due on the bonds of the Ral
eigh and Gaston Rail Road Company, en
dorsecd by the State, and to raise funds to
meet the current expenses of the State un
til the taxes of 1843 should be paid into
the Treasury, authorised the public Treas
rer to borrow the sum of 550,000 from
one of the Boards or of the Banks of the
States and, being likewise desirous to do
something for the relief of the people, it
directed the Literary Board to loan out its
funds. At the time these requirements of
the Board were made, it had less than
S50,000 in the Treasury, about $100,000
in bonds upon individuals, and the balance
of its funds in slocks and permanent secu
rities. The Literary board) desirous lo meet
that high confidence manifested by the Le
gislature in their financial skill pressed col
lections, and with the cash in hand redeem
ed the 850,000 of Rail Road bonds; and
by the assistance of the funds of the Board
of Internal Improvement, and those the
Literary Board had been able to pay into
the Treasury, the public Treasurer has
been enabled to meet all demands at the
Treasury, without borrowing elsewhere,
notwithstanding S50,000 of the bonds of
the Wilmington and Raleigh Rail Road,
which fell due in January, 1844, endorsed
by the State, had to he paid by the Trea
surer. The Literary Board did not believe that
it was intended by the Legislature that its
stocks and other securities should be sold
to rais-e a fund to be loaned to the people,
and however much the Board regretted the
disappointment so many were destined to
experience, (for applications for loans were
very numerous,) it was unable to avoid it
and render the State, to which the Board
owed its first duty, that aid which it
It is evident, upon the slightest reflec
tion, how embarrassing it is to the Boards
charged with the management of the Lite
rary and Internal Improvement funds, to
be required to hold these funds subject to
the requirements of the Public Treasury,
and to be prevented from investing them
in some profitable and permanent invest
ment, whereby a large amount of interest
1 therefore recommend that ample and
permanent provision be made to supply
the Public Treasury) and that whatever in
terest ought justly to be due to the two
Boards, upon their funds kept in the Trea
sury for the public service, be paid over to
the Literary Board, to go into the distribu
tion fund for the use of "Common Schools."
As the embarrassments of the Treasury
arise in part from the connection of the
State with our Rail Roads, it becomes a
matter of absorbing interest to devise the
means whereby their usefulness to the pub
lic may be continued, and the State at the
same time sustain no detriment on account
of her liabilities for these roads
The difficulties under which these roads
labor, arise from their indebtedness for
heir construction. The Wilmington and
Raleigh Rail Road, including the sea route
to Charleston, cost some two millions ol
dollars, while the stock paid in amounted
to about thirteen hundred and fifty thou
sand dollars only, leaving the balance of
the cost of construction a debt against the
corporation, the interest of which absorbs
a large portion of its receipts. So of the
Raleigh and Gaston Rail Road. It cost'
aboet cue million five hundred thousand
dollars, leaving the balance of its cost of
its construction a debt against the corpora-;
lion, the interest of which absorbs all its
receipts after defraying the current ex-,
To aid these Corporations, the Slate, un-j
dcr acts of the Legislature, passed for the
purpove, endorsed for the latter 800.000 '
dollars of its bonds, none of which are Vet
due; and for the former $ 300,000 of" its '
bonds, half of which have fallen due and
been paid or redeemed 50,000 by the
corporation itself; 550,000 have been re
deemed by the Literary Board, as directed
by the Legislature; 50,000 have been
paid by the Public Treasurer; and S50,
000 continues to fall due each succeeding
Januarv, until all fall due; to meet which,
the Legislature mut make provision in the
event the corporation fails to pay.
To secure the State against any loss up
on these endorsements-, deeds of montage
havebeen executed, as required by the
acta, upon all the property and effects cf
these reads. It is respectfully submitted
to your wisdom lo adopt such course, in
relation to these roads, as will secure the
In regard to the Wilmington and Ra
leigh Rail Road, it should be remembered
that the State is owner pT 600,000 of is
capital stock, and therefore, whatever
course may be pursued, as to the State'.
liability upon it endorsement, due regard
should be had to this Stock; that it may be
protected as far as possible, without invol
ving the State in further difficulties. And
further, the Mate being the principal stock
holder in the corporation, her honor re
quires that its debts should be paid, with
out any reference whatever to her mere le
gal liabilities She holds a large portion
of the Stock she holds the road, steam
boats and all its effects of Value, under
mortgage to indemnify her and creditors
must rely mainly on the liberality of the
Slate to permit them lo get their money
from the corporation.
It is believed, from the success attend
ing the operations of this road, notwith
standing its heavy losses by fire and at sea,
that if indulged for a few years, it will be
be able to meet all its liabilities, and extn
cate itself from debt, and appreciate the
Value of its ssock.
This indulgence, it is believed, may be
easily given without any further risk to the
Already the Literary Board holds of the
bonds of this corporation, endorsed by the
State as before stated, $50,000; the State
Treasurer holds S50.000 more, paid for
him out of the funds of the same Board ly
ing in the Treasury; and the Literary
Board, by collecting in its debts, will be
enabled to take up the other bonds, or, at
least, the larger part of them as fast as they
fall due. And 1 doubt not the corporation
would promptly pa' the interest to pro
cure indulgence on the principal, whereby
it will be enabled lo meet other liabilities
which press, and sometimes embarrass, its
The Literary Fund should be in Safe
and certain investments. What safer or
more certain investments could this fund
have, than in these bonds? Safe, because
the State is security, and has a mortgage
upon propeity, Costing over two millions
of dollars, to secure their payment; cer
tain, because they yield semi-annually
three per cent, interest; which does not
fluctuate like dividends of Bank stock.
Should this course be adopted) the Board
will be aided and relieved; the Literary
Fund will have a safe and certain invest
ment; and the State will be no further in
volved. Whether you will adopt this or some wi
ser course, is submitted to your considers
tion. But whatever course is pursued)
ample provision should be made to sustain
the credit of the State, in every possible
In regard to the Raleigh and Gaston
Rail Road, this work too was constructed,
as before staled mostly Upon Creditthe
balance due for its construction, after ex
hausling the whole of the stock subscribed,
amounting to a sum much larger than the
This corporation having failed, in Janua
ry, 1843,to pay the interest due on its
bonds endorsed by the Slate, the Public
Treasurer promptly paid it, and preserved
the faith of the State, and has continued to
do so ever since. The amount thus paid
will appear from his report.
A Bill in Equity has been filed accord
ing to the requirements of the acts authori
sing the endorsement, to sequester the pro
tits of the Road to indemnify the Slate
and a receiver has been appointed. It is
believed that the receipts of this road for
years to come will be insufficient to keep
it in repair and pay ihe inl&iest upon its
debt: conseauentlv its debt must continue
to increase. It is, therefore, respectfully J
submitted whether it would not be belief
for the stockholders, the State, and thepiifo
lie, that the road and its e'fieels should bq
disposed of under the mortgages; so that
whetner it falls into Ihe hands of the State
or into the hands of a new set of vtqcklvoU
ders, incorporated for the purposeit may'
be disembarrassed; for little doubl SseYrter--lained.that
with even its present prospcrt
it will trot tonly keep itself in repair-, bul
will yield besides a considerable income.
Should you determine to lake this course
such steps should be adopted as will be best
calculated to enhance the value of the pro
perty. 'I his course is due to the Stqte, lo
protect her against her liabilities it i.vdue
to those individuals who voluntarily enter
ed into bonds to the amount of SSOO-jlOOO,
to indemnify the State against her endorse
ment; and it is due lo the stockholders lo
make the propertv, if possible, bring more
than Ihe amount of the debts due from the
corporation so lhat the stock may not be
an entire loss.
And, in connection wilh this subject, I
will respectfully refer you to ibe m'essa'ge
submitted by myself to the last Legisla
ture, relative to effecting a communication
by rail road between this road and tbe sev
eral rail roads which terminate at Weldon,
and to constructing a turnpike from Raleigh
westward. These two improvements,
would greatly enhance the utility andvahiti
of the Raleigh and Gaston Rail Road, and t
doubt not, Would Cause it lo bring a much
Since Ihe adjournment of the last Legi.r
lalure a portion or the Portsmouth ami
Ro;inoke Rail Road, Within the limits ot
ihis Slate, was torn p and - rendered; itrw
passable, by an individual claiming it as &
purchaser, at a sale ma.Ce under an eiecu
lion against the torjioration, whereby -h
transportation on the road were for a i'M j
obstructed. The legality of the course pur
sued by the purhaserhas undergone judi
cial investigation, and the matter is now
pending betore the Supreme Court.
It is not my design to express or inti
mate an opinion as to the propriety or h,
gality of the course pursued by thepurcha
The interest which stockholders have in
a corporation created for the public use
and convenience, should be subject to Ihtir
debt; and the property held by such corpor
ation should be reached by the q ' n
such Way as not to put the public toy
nience, destroy the franchise, a
the object had in view by the Lj!. -re.
in its creation. If there be no law Co ena
ble creditors to reach the interests ot
stockholders and the property of corpora
tions, without detriment to the public, Such
a law should be passed as will enable Credi
tors to secuie their debts, and) at the uamc
time, secure to ihe public the benefit 'Su
convenience intended by creating the Cor
poration. INTERNAL IMPROVEMENTS
Upon the subject of Internal ImprOve4
ments, I respectfully invite your attention
to the suggestions made in my message to
the last Legislature. Andj in addition 'to
those suggestions, I will add that few rivers
in the South ate more susceptible of im
provemenl for navigable purposes and at 1
small expense, than the rivers in the lower
part of our State.
It is true that for a portion of the yea?
they are deficient in depth of water fbr naV
ig ition; but that may be easily remedied hy
the construction of dams and locks at thos6
parts of the rivers where the water is o
insufficient depth, as there is always water
tnough lo keep the dams filled. Them
being but little descent in those rh .
leaving the great falls usually fg-ja ul'
Ihe commencement of the allufU' r zi'.j
but few dams would be requisite-; .k4
ihem permanently navigable.
Take the Cape Fear for instance! arU
not informed as to the descent cf lis chan
nel below Fayetteville; beginning at that
point on the river which can at all stages
of Ihe water be reached by steamboats front
Wilmington and I think it very prohibit!
that a half dozen dams with locks ot ten
lilt each, would render the river at all
times navigable for steamboats to Fayette
With a permanent steamboat navigation
from our excellent port of Wilmington
lo Fayetteville, and a good Turnpike (from
thence lo some navigable point on the no
ble Yadkin, who can estimate the vast ad
vantages to the Stale?
Take the Neuse already has a steam
boat ascended if, in its present uhirnproyerj
condition, as far as Smithfield, within tWCn-ty-eight
miles of Raleigh.
It is said, by ihose better acquainted with
the river than myself, to be at all times
navigable from Newbern toj or Within a
short distance of Waynesborpugh; porno
.. f. r r,t.i an
hlty miles utstani irom uaieign. Allow
ing a foot or two descent In every mile ne-
cesary to give to any stream a current,
can doubt be entertained that eight or UH
dams with locks of ten feet lift esch, weU4
give permanent steamboat navigation, ta
the immediate viciuity of Raleigh? .
Again, the course of this river in soin
places is extremely circujt.?uij J(tr win