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r I- HjJDj PUBLISHED WEEKLY .BY. CIL C. RABOTEAU, EDITOR AND PROPRIETOR. TERMS: $2 50 PER ANNUM, IN ADVANCE, OR $3 00 IP PAYMENT IS DELATED SIX MOXTHS. VOL II. RALEIGH, FRIDAY, JULY 27, 1849. NO 34. MLR e Um m i . : TERMS. Tim Rai.fito Timh will be sent to Subscribers pt Two Hollars and a half per annum, if paid in ad vance. Three Dollar will be charged, if payment delayed six months. These Terms will be invaria bly adhered to. ADTERTISEMEXTS. For every Sixteen lines, or e ,, One Dollar for the first, and Twenty-five Cents for each subsequent in portion. Court Ordew, 4cc. will he r.'iarfed 25 per pent, higher; but reasonable deduction will be made I., those who ndver.im; bv the vear. iTr Letters on business, and all l omimimcations intended for publication Editor, and pot paia. STATE DIPROVEMENT. must be addressed to the Th; From tlio N. Y. Express, solitude of the business parts of New York, , , I . .1 I t t I ,un Piter tlite ociock, is miner iiwmucuuiy iu ua, u, by day or by night, in summer or in winter, by heat or by cold, have to serve an ever greedy but seldom excusing public. The daily journal must be got out, and must be served in all the freshness of youth, whatever may be the pleasure or the re creation ef others ; and when they are 'most amus ed, or interested, or idle, the harder must be our effort to withstand their criticisms, or to gratify their tastes. The hour at which we write, and tlie spot over which we write this, (Wall street) now reminds us almost of the solitude of a Western prairie, or of an Eastern wilderness. I he hot pressing crowds that nearly overrun and run down each other, a few hours ago, are now all gone to thiir liomes ; and here we are, whose taelr is untiring, .Catherine up the business affairs of the day, mak- in" record of what was done to-day, or of what is to be done to-morrow. Some of those composing the crowds that were scattering at 3 o clock are now reposffig sixty miles off, on the banks of the Housatonic, ome at the foot of the mountains iu the valley oflhe Ramapo, over sixty miles more in another direction, thousands on the banks of the Hudson, and thousands more upon the shores of Long Island. They snuff the pure country breez es. They inhale the refreshing air. I heir eyes are gladdened by the green trees and the refresh ing meadows, or their spirits cxhili-ratcd by the odors of the new mown hay, or the chirp of the cricket, or the flash of the fire fly. The woods are vocal with the melody of songsters, while all we hoar is, in the distance, 'Ride op,' "Dry Dock," and the like. But wc can hardly say we envy them. There is, even in our artificial life, a charm that the coun try cannot give, nor the country rob ns of. The pure exhilcrafing Croton comes bubbling in our Very elosets and bathing rooms. No such delight ful, refreshing, cxhilerating sport does the country afford one, as a good tickling, titilating shower bath, after a day like this, or as audi a day ap proaches. We write by no dripping, winking tal low candle, but by the broad day light, as it were, of a glorious gas light. No lamp have we spent an hour in trimming. We have said, 'let there be light,' and a loco foco match brooght it at once. The ludicrous is thus associated with the sublime: and now, jhen all Wall street is empty, and there is only a wilderness of untenanted "palaces" about ns, we do not know but that we feel as happy, and have as much room, as if we were sipping tea on the Raritan, or dashing through the aurf i rtn.-fcswav. nr listonine. ears erect, over the rocks of Catskill. .'.. ' , , i. ;;; There are, we have not a doubt, just now, full one hundred thousand of our peoplo scattered fur and wide, but mainly in New Jerey and Connect! cut, when out of New York ; and of these, some tbirtv tlionsand. we think, just now, leave New York in the railroids auJ steamboats every night. The New Ihven road brings in and takes out peo ple a far as Fairfield, some 63 miles, every day, and it runs through villages that are alive with rusticatinz New Yorkers. The like may be said of the Erie Railroad, of tho Harlem read, nnd of the New Jersey roads. Besides those, however. tliere are fleets of steamboats that coast the Jor pcy shores, from tho ocean to the rivers, or that run along Long Wand and the Hudson river. Of tlltfse craft there is no end. No one knows half of tliem, or at least no one has counted them. Tho facilities for coming to and going from New York have increased so much within a short time, and so cheap is the commutation price, that many do business hero whoso families live sixty miles off, and who come to or go from the city in about two hoim. . Alt these crowds, or the. largest part of them, he jt remembered, come tmublinginto Wall struct (ram t to 3 o'clock There ire throngs at the Custom House. There are throngs st the Banks. There are throng af the Brokers' Hoards. ' There are thrones evervwheror ' Every counter i alive, LETTER OF GOV. SWAI.Y, To the lion. John M. Moreltead, Chairman of the Executive Omimiltce nf tlx Salisbury Concert (ion. Rome, Ga., 22d June, 1849. Mr Dear Sir : I arrived here last night, and avail myself of the first day's pause in my journey to present, in compliance with your request, my views upon some of the topics which were discuss ed in the Salisbury Convention. 1. Will three millions of dollars, the sum con templated by the charter.be sufficient to construct and equip the road ? I confess that when my at tention was first turned to this inquiry, I entertain ed serious misgivings upon the subject. I have a vailed myself of every reliable source of informa tion witliin my reach, and at present entertain no doubts about it. I have travelled fire times over the main stem of the Georgia Rail Road extending from Augusta to Atlanta 171 miles, with a branch from Union Point to Athens of 39 miles, making the aggregate length of 210 miles. The distance from Charlotte t;'o Salisbury and Raleigh to Goldsborough by the road ordinarily travelled, is about the same distance, (210 miles.) The letter from Judge King, President of the Geor gia rail road, which I read to the Convention, and a copy of which I communicate herewith, is to my mind entirely satisfactory. The inquiries submit ted to him, have been proposed to many intelligent persons familiar with such subjects, and 1 have found no one from Camden to this place who dis trusts his accuracy. On my present journey I passed over the first 120 miles from Axgnsta, in the night. The 52 miles of road from the Social Circle to Atlanta are constructed over a country more undulating, pre senting deeper ravines, more frequent ledges and larger masses of rock than will be found in the most difficult section of our road. I happened to find two gentlemen in the cars, one a native of Guilford, the other of Chatham, residing at present in Mississippi and Georgia, both of them much more familiarly acquainted with the country be tween Haw River ami Raleigh than myself, who concurred with me in opinion, that the difficulties to be encountered east of Haw River are by no means so great, as those which have been over come on the Georgia Road. It is almost superfluous to remark, that the same amount of labor can at all times be performed for less money with us than here, on account of the comparative cheapness of wages and provisions, and the greater salubrity of our climate. The slaves engaged in these operations in Georgia are at present hired at an average price of $ loo per annum. If then, such a road asHhat described by Judge King, can be built and equipped for $12,- 500 pet mile in Georgia, that sum will be found ample with as. The line of rail road between Ra leigh and Goldsborough will more probably exceed than fall short of the distance by the road ordina rily travelled. Suppose then instead of 210 it proves to be 230 miles in length it will be percei ved that we will have, something more than $13, 000 per mile. The branch road from Kingston to tins place, completed about six months sgo, ia but 18 miles in length and cost with all the appurtenances about $7,060 per mile. The nett profits for the first half year are equal to four per cent. , The President ot the company is a native North Carolinian, a shrewd man, whom I have known familiarly from my boy hood, and is one of many competent persons who have expressed to we the confident belief, that the anticipations of Judge King, under judicious man agement, will be ft My realized. Many errors pro ductiveof heavy losses, were committed on all the roads in this State, in the infancy of the system, which experience will enable as to avoid. In the construction of the Raleigh and Gaston, and Wjk mington and Raleigh rail roads, we have purchas ed some knowledge at a high price, and yet our blunders were of small moment compared with Georgia and South Carolina errors. Tho former endeavored to escape from her perplexities by sus pending all operations in her great work tho Western and Atlanta rail road and directing it to be sold to Uie best bidder, at a price not less titan a million of dollars. . Fortunately for her best inter cuts, uo purcliascr could be obtained ; and after the emburkments had' been greatly injured, bridges burned, add f superstructures decayed, her Legisla ture was, induced to enter Willi increased energy upon her great enterprize. She has now about 660 miles of road in successful operation, her Scrip Nat par, her rail road stock is generally at pre mium, she has one of the best devised systems of Internal Improvements in the Union, and if not so already, promises at no distant day to be the most and every room teems with hoy industry. But ivlial a hurrV there i to got done, and to grt.olf ! A whole day's life of twenty-fouf hours is to cewgnirlcent of the Southern States. crowded into two or three ! How they run! Kow tliey fret ! How anxlou they look? In what a flurry they are! - rcry ma whines and fiuSs Jilio a locomotive, and the street would be danger ous in' rmne m if a uudjr hsd half as much mo mentum the steam man ! But lo, Presto ! the accuvMhifi"!' Wall itreot Is gono to the woods and tl field. Weure jn Pompeii again! Brick and mort.ir an! pny'ii-nts are all abuit us. The sky is over nut heads lut there is scarcely & liviij" thing, " could he completed, but were anxious for the im mediate abandonment of an impracticable and vis- j ionary scheme. The expression of opinions of this j character was by no means confined to the igi'.o- wnt, but was heard from the lips of gentlemen of high reputation. The possibility of constructing the road with any means at the command of Geor gia was not only denied, but it was generally insis ted that nosuch improvement was necessary that if the road were completed, the country would be found to prodtico for exportation nothing but " apples-and feathers." In my subsequent visits, I perceived, as the road advanced, the tribe of croakers retired. The en tire race has now ceased to exist. On my present journey, I have found noone, who would not resent as an imputation of defective intelligence or patri otism, the suggestion that he had at any time, or under any circumstanccs,opposed this groat scheme of State policy. The day may not be far distant when the deri ded stockholders in our present rail roads may be regarded as successful pioneers in a noble system oWmprovcments. How such a -result may be pro duced 1 mayf attempt J,o. Ubv hereafter. North Carolina, like Georgia, has made an ineffectual ef fort to sell out ; w hether she w ill further emulate the example of her sister, and work out, is now to be determined. 2. Taking it for granted that three millions will prove au ample fund to construct and equip the road, the more difficult etiqiiiryjrcinains to be an swered how can that three millions be obtained! In the first place, a million of dollars in the stock of the company must be subscribed by individuals, work to the value of half this sum must be done, and then they are authorized to fall for a subscrip tion of two millions on the part of the State. The State is then to pay her subscription fan passu with the individual stockholders, as the work pro gresses, in her own six per cent bonds, w hich she will not permit to be sold for less than par. Can these Stato bonds be exchanged for cash U par ? If we wore compelled to throw the whole amount at once upon the domestic market, or to rely exclusively upon the foUMgn market, success would be more than doubtful It is very desirable, to absorb this public debt generally among our selves, and this I think may he accomplisncd to a very great extent, in two ways. First, many of the contractors will be able and willing to retain a considerable portion of their receipts in this per manent, and for that reason iesirable, species of investment.. Secondly, a still larger amount may find its way into the hands of trustees, as consti tuting for them the safest and most convenient spe cies of investment. ; Jn England, governin:nt Mocks arc considered by the Courts safer than individual .securities, and of course trustees seek anxiously lor opportunities to invest Jn public funds. lcgal gentlemen of high reputation assured mo that the Georgia stat ute authorizing executors, guardians, and trustees generally, to invest trust funds in this way, has not merely produced a great demand for Stale scrip, but has saved many an orphan fioin ruin. Our General Assembly will find no ditticulty in meet ing her engagements, if sho will merely exempt her scrip from taxation, and authorize trustees to purchase it. The second branch of the enquiry now returns upon us: How canth.' individual subscription be obtained and paid 1 : ' I must be excused for entering upon the consid eration of this question somewhat in detail. A portion, I apprehend not a large one however, will be subscribed by capitalists, and others, from mo tives of interest or patriotism. The proprietors of laud, however, lying within a few miles of the line of tho road, must rely mainly upon their own re sources. It can be made clear to the most ordina ry capacity that it is their interest and their duty to subscribe and pay for the stock without hesita tion ordulay. The area of the State of North Carolina is ordi narily computed to be 48,600 square miles. No geo grapher, I believe, has ever supposed it to exceed 50.000 square miles, or 32 millions of acres. That portion of this aggregate surface which has been patented, and given in for taxation, was assessed in 1842 at more than (6 millions. The average val ue therefore of the entire of the State exceeds $2 per acre. The proposed line of road from Golds borough to Charlotte passes through the licart of the State, and it is confidently believed, that a belt of land eight miles in width and 210 in length, will exhibit an area of greater average value than any other tract of equal width, between nny two points equally distant that can bo selected in the State. There can be no difficulty in arriving at the con clusion from these promises, thai the average val ue of this bt It at present exceeds f 3 per acre. It will be found to contain 1.681 square fniles, or 1,- 075,200 aerea. Davidson, ar.d Davie, which might now be pur chased at $6 per acre, which if they could be trans ferred to the neighborhood of a Georgia or South Carolina rail road, would readily command $10. The latter cannot be removed, but the rail roai! can be made to approach the land, and a similar effect be produced. That such must be the result may be demonstra ted, not merely from effocls produced elsewhere, but w ithin our own borders. The Raleigh and Gaston and the Wilmington and Raleigh Rail Roads, have thus far proved disastrous experiments to the individual stockholders. Very different hs been the effect upon the general interest of the State. The only two assessments of lauds ever made under the authority of the State government, will afford data for accurate computation and com arison. ' Under the first the aggregate amount of taxes collected for 1837, was $80,130 34 under the second for 18 17, $9-,939 71 showing an increase iii ten years of 16 percent. The (axon lands and town lots at the former period amounted to $31,476 72 at the latter to $37,879 96, exhibiting an in crease of 21 per cent.' Compare with this.aggregate fesult throughout the State the increased revenue derived at the cor responding periods, from the counties traversed by the Wilmington and Raleigh Railroad, as shown in the following table No. 1. It will be perceived that while the aegreL'ate increase of revenue from all sources in the Slate. has been 16 per cent., and from real estate 21 per ct., the increase of ge neral revenue in these counties has been in the ra tio of 23 per ct., and from real estate 33 per ct. It must he borne in mind that this comparison, or rather contrast of general with sectional pros perity exhibits the effect produced by a rail road paying no dividend, constructed through a region over a great portion of which the genius of desola tion held undisputed empire, and whose suprema cy, no spirit less daring than that of Wilmington enterprize would have ever ventured to disturb. The effect of a dividend-piying road may be well illustrated, by n example di iived from the ex treme West. The Buncombe Turnpike road was opened to travellers iu 1837, and from that io tho present time has annually paid a dividend of 10 percent. - In 1826, the aggregate Stale tax paid by the county of Buncombe was $740 73 the land tax $288 77. In 1847, the ogregnte tax of Bun combe, Henderson and the portion of Yancy which was pai t of Buncombe in 1827, amounted to $2, 132 02, and the tax received from real estate to $1,036 50. From these examples in the extreme East and the extreme .West, let ns turn for a moment to the great central counties, which we now propose to penetrate. The annexed Table No. 2, will show that while the aggregate taxation of the State has increased in ten years, in the ratio of 16, and of land of 21 per cent., the f ountios traversed by the Wilmington and Raleigh Railroad in the corres ponding ratio of 23 and 33 per cent., while in Bun combe in the extreme West, the aggregate value of taxable property has been nearly trebled, and of rea estate nearlf quadrupled in 20 years. The incrrase in these most wealthy, fertile and pros perous counties between 1837 and 18)7, has been in the aggregate valuation 7, and in real estate 14 per cent. . Reserving for the present all discussion in rela tion to the dividends which muy reasonably be an ticipated, I venture to suggest some advantages. scarcely secondary to the increase in the Vilue of lands contiguous to the Road, The State proposes, upon her part, to expend two millions of dollars in the improvement of one mil lion of acres of land, provided that the owners of tho;e acres will in like manner expend one million with this important difference iu favor of the latter; the proprietors are to pay no money beyond the five per cent, necessary to secure their subscription for bor, in provisions, in materials, at prices consider ably enhanced by increased demand, and by the impetus which will be given to all business opera tions, by the circulation of large sums of ready mo ney in a community hitherto removed from such facilties. There are lew individuals, among the thousands immediately interested, who have not sufficient intelligenceto comprehend these obvious suggestions. There is not a single intelligent, en- terprisng man among them, v. ho in his own case would hesitate to contribute, in the manner indica ted, one dollar for every two that a propitious gov ernment or a benevolent Deity might proffer to ex pend in the best possible system which could bo de vised for the improvement of his estate. I crave pardon for the space I have occupied, in the consideration of these two topics. I write with rail road celerity, without any adequate op portunity to revise and condense, or even copy. I may, if you desre it on my return, enter upon the consideration of other inquiries in relation to the best method of effecting objects so interesting and important to us, and to the community. I am, with sincere respect and esteem, Your ob't servant, D. L. SWAIN In December. 1837. the Georffi rail road tor- minuted at Grccusborough, 13 milos from Augusta.-. Tha Western and Atlanta road, beginning in Sht wilderness atwhatisnov the flourishing town of Atlanta, 28 miles beyond Grcensborough, was graded nearly to the Tennessee line. 1. travelled in the Can to Greensbornugh, and in stage along the proposed line of nf.d to Cassville. : I came to the conclusion at the close of my journey, that a majority of the people in North Western Georgia not merely beliavcd that the road never v,auM w stock in the first instance. They are to contribute labor, for which at present there is no adequate einn ovmcnt : orovisiors, for which there is at pres ent little demand ; and materials, which in some instance have no marketable value. If the respective proprietors become contractors. their contributions may be made with still greater facility. Of the three millions to be eXiendcd,one million will be ample for the purchase of every thing that is not produced in the immediate vicin ty of tlie road, viz ; rail road iron, locomotives, shop furniture, die. , If the respective proprietors, then becomo the sole contractors, after the purchase of all foreign supplies, they will receive from the Stnte one dollar iu cash for each dollar fhey are required to subscribe, supponing that there are no other stockholders, ,1 purposely state the case in the strongest, possible , light n garnet thein,iu order to show the more clearly the facility with which they may discharge the most onerous obligations which it is in their power to assume under th shatter. Copy of a Letter from the Hon. John P. King to D. L.Swain. Augusta, June 7, 1819. Dear Sir : On my return home to-day after a short absence, I received your esteemed favor of the 1st instant. I regret that I have not now time before the meeting of your Convention on the 14th, to furnish you some information in detail that possibly might be of service to you at that mcet- From Raleigh to Goldsborough I think I have a tolerable idea of the face of the country, but from Raleigh to Charlotte, though I have passed over the country, my information is not so good from the topography of the country, however, as pre sented by the maps, and from information obtain ed from others, better informed than myself, I have no idea that the average cost Of grading and bridging a road from Goldsborough to Charlotte ould be as expensive as that of the Georgia road for the same distance. You will perceive that our general direction is across the country, which in most of the routeis quite undulating. The bridg ing and rock-work haa been expensive, whilst much of your route runs with the streams a part of it over a plain country, and I should suppose tlie bridging w ould not be expensive. In short, I re peat the opinion, and fuel well confirmed in it, that your road bed should be much less expensive than ours. The cost of our road and outfit has been some thing over $16,000 per mile. . It was, however, commenced and mainly built in the dear times of 1830-6 u nd '7. The road, exclusive of outfit, could now be built, and better built, with the same weight of iron, for $10,000 per mile perhaps something loss. We pro now building a road from Atlanta to West Point. The purveys and estimates have been made a distance of 79 miles, and a part of the grading was let yesterday. The estimate is, for a T rail weighing 46 lbs. to tho yd. $3,500 per mile, and 1 could let lite whole road at thit esti mate. Unless I am much deceived in tha country over which your route ia to pass, you may build your road, at present prices, with a rail 50 lbs. to the yd. fur $10,000 per mile say $3,100,000, and equip it with engines, cars, water stations, ware houses, depots, machine shops, car factories, &c. for $2,500,000. To secure this result, hoWev r you should have cash and be able to economize by bringing full and fair competition. Excuse this hasty and imperfect scroll, and tic assured of my best wishes for the success and pros perity ef your great enterprize, which I have no doubt will (if built at cash prices and paid for,) be alike beneficial to the State, and profitable to tl stockholders . , ; " , .. , ", i Very respectfully yours, &o., ,.:-. I . JOHN P. KING, A PRIZE LOST. A ftw days ago, as the packet ship Holtingucr, Captain Bursley, came up to the wharves at foot of Fulton st., with an immense cargo of passengers, "all well," two very jmart officers of the New-York I ohce came aboard to pay certain international respects to some unfortunate criminal (in the eye of the law) from the other side. They searched and searched, and looked and looked, at "greek" who presented himself, till one noble looking fel low, of stalwart frame and well-fashioned limb, passed in review. 'Hallo!" said the New-York officer, "your name, sir, if you please." "Welsh," said the interrogated. "No," said the officer, "that's an assumed title." "Tip true, it is assumed," said a very pretty woman, coming up and appearing very much agi tated, "but not (with great einphasip) for any dis graceful or dishonorable crime." The gentleman was transfixed. He couid not move an inch. "What is your name ?" said the officer. "Walker,' was the response. "I was engaged in the unfortunate troubles in Ireland, and put in the 'Hue-and-cry.' I thought I was free when I landed on the soil of America; it I am not, I yield myself up your prisoner." 'By heaven, said the officer, "you mistake me; I have nothing to do with such matters. If, as a po litical martyr, you have escaped to this free land, here's my hand for you and a hearty welcome, and if you or the lady there want money hero is my purse, and if you come along with me you shall have as much as yon require." Mrs. Walker and her daughter (a beautiful girl of 17) wept tears of joyful thankfulness, and they all cried out together they were not disappointed in their expectations of tlie "glorious Land of Lib erty." . .. .-, Capt Bursley told the story in a few words. Ha said that a lady came on board his vessel with four or five children who wanted passage from Liver pool to New-York. He took them into the cabin and became very much interested in them. In three or four days after the vessel had been at sea, passenger in peasant's dres presented himself on tlie quarter-deck and asked for Mrs. Walker. .;' "What do you want with her friend J" , "She'll tell you, Captain dear, when she pees me, said the steerage passenger, with a leer in his eye. ' - Mrs. W. was invited on deck, and the moment sue saw the "Tipperary boy," in his frieze jacket, she ran and threw herself into his arms. "Devilish queer," said the Captain. "Very quare intirely, Captain," said Walker, Julia here is nothing short of my wife. I escap ed Johny Bull's hemp, thank God ; and if j ou have no objection 1 11 spend the remainder of the voyage with you as a cabin passenger." t Captain Bursley lookee at the frieze coat. Mrs. , Walker spoke eloquently of better clothing through her beautiful eyes, and the ci-devatit peasant was regularly installed as a cabin passenger, t'ha Captain ol the Hottingner says that a gayer-fellow or more perfect gentleman never navigated the At-, antic with him, than the Irish outlaw and felon- chief. Walker and family "went West" tnodsyi Iter they landed in New-York, . , . ; . . ir TABLE No. 1. 1837 1847 1837 , 147 Aegregate Revenue. TaxoaLdl and Town property. I Counties. 2,82d(2 1,006 40' , 1,01102, 1,33169' (118 SS 2,28671 2,171 SI i 3.7S6 57; . 1,399 Si 1,40190 ' 1,758 92 1,953 93 2,720 841 8,247 24 ggreg' Revenue. Land tsx uid town property. N ilano'Mt Duplin, i Sampson, VVsvne, Nash, " Edgee'b, Ualifap, ?37ferJ$i,4"(H35 36889 30903 61041 S4797 I,C2U84I ,rJ9292i 442 541 8' , ; 57 e-i 30476 1,141 fit .-;. 9t REMARKABLE PHENOMENON. We were informed by the captain of the achooat . er Traveller, that on his passage from this city , from the Michigan side, while nut a brcatliof air stirred tlie water, which was perfectly unruffled, and clear and smooth ns a mirror, a breeje was constantly blowing aloft so strong that with her topsails alone set, the schooner ran 7 miles an hour for pome hours. . During all this time no breeze was felt on deck, but on going up tlie rig-, ging Fomo IS feet or more, the wind could be sen pibly perceived, increasing in violence higher up, and bending anil twHting the topmasts pp ia a se vere gale. . The captain ald that the rapid moremrint thro the still water, with the lower Canvass useless, 'and' not air enough on deck, and at the same time tha ' upper tails filled snd strained to thiir utmost capa city, was ngnhr beyond description. Thil ii ' certainly a very remarkable phenomenon, such as psldom orenrs on land or water. It will be re membcred that nt the same limt a ptrong w:mj i .i . i.i 1r: t -. ... ( t.wl -'l - ' By their puliscriptions, they bind tlwnwlves to pay, in addition to the nve per cent, or $av,inio, requir- I fi to make a valid subscription, the further sum of J1! t.A U' rftV..f rj K f.M,&tr,irflf.n nf I CrOfcn I1AI1 1 : -'. Will W Hs .lvi niw v. i (wuvu. the road upon tha value of tlie land within the lim its suggested ? ' Tlie experience of our sister Sta tes and especially that of Georgia, Is wholly decep tive, if if does not increase the value more than $1 per acre; so thnt if $3 be the present average val ue of the land, it will exceed $4 when the road shall ba completed. - If tbu be true, the entire stock may be taken bf proprietors of land wiihin four mill's, witlinnt reference to 'dividend, unJ without possibility of loss. I am'wrll satisfied, that there are many tracts of land in tlie Counties of Rowan, In w hat manner is this largo sum to be paid The first und largest proportion will be discharged by thc,r?asormble profit which every eontrrictoran ticipttes, and has a-right to anticipate, upon his op erations. ' Ndprudent mail wilt enter into a con tract which doei not promise to reward his roiori- pibility; atlenlirn, and labor with a nott profit of 16 pe r cent; and this per cent,npon the three millions amounts to $.'0000(t, or one-half the en tire amount of individual stock. The remaining $ 150,003 will be paid, as already indicated, in la- $1M59 50SI4,368 17 i 4,968 02. 13,070 SO Note. Th eo of the Wilminprton and I'aleiirh Rail Road was about $1,500,000. The bsmsmH val ue of real wtate in the foregoing QounlieS it) lrUT, exceeded that of 1837, nearly ,500,00.. f , 1 table:k.8' ,.".r. .rc, ',. 1637 1847 163? Aa-ijregV Uevmiue. Land tap audtiwn property, l8 9 4,$ 1,(58 Sahmham, 2,5!t2 8(1 1,840 32 1,8554 1,390 301 9U51 "in 1 . - - Osuatios. ' V(f)frp-V n; Rttvsuu. ' , , . ... 3,692 41 2,912 19 OrPuce, 1,989 64 ilford,' 1,353 aujUavidsoa, l.jOli i.i.Koa-an, 1,0117 53, C'libarins, J10,4012-.i '1847' Luud i!x arm imv.u. prbpott!.': t34 20S.71.t9i; 1 ,050281 1 "fills 793 711 918 70 5660t;65l (12 596 2Si SM45 ' 408511 4;"9hi M,0i904!si,6:;i 1 A LITERARY TOWN. -In a neat trto-?rory houe in the, m.iln ptrcet of 1 Troon, Gait the nmolist w i first introduced to ' the world. His PAfimils of the Jtyiih" refer, believe, to hip native toWrl.''kIn K 'more buu.ble ad ebore tenement occupied as a weaver's'1 shop, situate at the't ninnfe of'kn ally railed ' QmicPfcClnw, Jama! Montgomery w'i loru. IIi'4 father officiated as jwscVr 'n tl:"Mofavf.iii 3uii,v close by. It ji);lh,, H&r.i'.tlmt Eclfit Vrnvs ' b'gnn .to earn tho liwin. af a.iit-drejft r) i,V;i i'if ihop. iu -bMt kv -a; HUMSt fW--lnJ dou;n,,aiul he was tvft,a!p.yii,"lilut ium jh t,F without i.pixponcflb'.j Thaxite-Of ilia hof.. itw- nosed, by RoUt Ch.mU rs, t0-WbowoepicJJ y t a new house, marked 4,-jus. narnv ptiPrt, cullAl the Glasgow Vcnnelj . " ' '.. v! "" ' 7 Gescva, N. Y.,coi!t;iirbnut 5,iCC mh.-,t(at,',p upd does not avcra je one death jht wct k. -
Raleigh Times [1847-1852] (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 27, 1849, edition 1
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