i f
f
t
i
By n.lMES BRlIilTER,
-g • — ■
a
VOL IIL NO. 39
The Old iTorth State Forever,”—Gaston.
SALISBURY, N. C., THURSDAY, APRIL 2, 1868.
BROOKLYN
LIFE INSURANCE
COMPANY.
Issues Policies of all Kinds,
TJl i: A\U KiNDOWMKAT.
Connecticut Mutual Life
E COMPAil
01 Hartford, Conn,
STATEMENT, DEC. 31,1867.
IMANCI
AhsohileJ]i no Restriction upon
2Vavel or Residence.
lllVll)E.\IISFAl8A.\m\llYl.\(]\Sll
ALL POLICIES POSITIVELY
NON-FORFEITABLE.
J*art of ilte preiniuni loaned.^ and no
loan or premiuni note, is a lien or
duMri on the policy in case of death
after the second year.
A CCUM ULA TED A SSETS
$17,670,288,88.
I^'COME FOR 1SC7.
$7,726,516,53.
FOR PREMIUMS
$6,332,804,95,
For Our Governmen
THE OLD CONSTITUTION
With its Various Amendments.
^in^le Co|»ie!!i Five
[WHOLE Nl) .328
FOR GOVERNOR,
THOMAS & ASHE
OF ANSON.
THE
f
mnst be paid 1st of January, 1869, in
OLD NORTH STATE. I.‘ff;.
[TRI-WEEKl.Y i debt dated
E3=RATES of SUBSCKIPTIUN- ^
T£Rin$-C.^SU IN ADVANCK.
FOR lip:utenant governor,
EDWARD R. HALE,
OF NEW HANOVER.
FOR INTEREST,
1.3 9 3,7 1 1
LOSSES PAID IN 186
8
For Secretary of Slate,
ROBERT W. BEST,
OF GREENE.
For Treasurer,
KEMP P. BATTLE,
OF IVAKE.
Tri.Weekly, One Year $5.00
Six Months 3,uj
WEEK! Y WATCHMAH AHJ) HOBTH SXai*
One Copy One Year $3.0U
“ Six Mouths, 1.5U
A cro.ss X on the paper indicatesthe expiration of
the subscription.
The type on which the “Olp North State,” is
printed is entirely new. No pains will be spared to
make it a welcome visitor to every famih*. In order
to do this we have engaged the services of able and
accomplished literary contributoi's.
Advertising Rates.
TRANSIENT RATES
For all periods less than one month
One Square, First in.sertion $1.00
Each subsequent in.sertion 50
ST/2()8,75818,
DIVIDENDS PAID IN
186;
-0
^I'hlS Company o/lbrs peculitir iidvanta-
gi s ly the .Syullioru juujplc. It is tho most
JAherol
Conipany in the United
States
lt.> ntfes liwiig lower tJia.’i those oT otlie.r ooiiina
$ 64 3,005,00
Interest received more than pays losses
Dividends average over oP per cent.
All policies non-l'orfcitable tor a stated amount
Assurance can be elTeeted in all I'orms desired.
SAME. DOUGLAS AVAIT,
General Agent,
Raleigh, N. C.
A. Pliili)).s, Agent, (’liarlotte, N. C.
mar 3-\v&:t\vtf
For Auditory
S. W. BURGIN,
OF BUNCOMBE.
For Supt. of Public Instruction,
REV. BRAXTON CRAVEN,
OF RANDOLPH.
1 SQUARE,
1 MO.
1 2 MO.
1 3 MO. 1 4 MO.
1 6 MO
S.5.00
$8.60
$12.00
$15,00
$20.00
2 SQUARES,
7.60
13 00
17.00
21.U0
27.(Kt
3 SQUARES,
lO.W)
16.00
21.00
26.00
3 400
4 SQUARES,
1200
18.00
23.00
28 00
3.700
QUAR. COL.
13.00
19. (Ml
24.00
29.00
3.850 i
HALF COL.
20.00
27.00
33.00
38 00
44.00
3 QUAR. COL.
25.00
33.00
40 00
45.00
50.00
ONE COL.
30,00
42.00
52 00
60.00
70.00
since tiie war is
$5,011,500. The Convention author
i2ed $3,050,000 more, in all $8,061,-
500. To this add interest fnndahle
into new bonds, under the ordinance,
as follows:
Interest authorized to be funded
by the actof March 20, 1S6G,
not yet presented, (estimat
ed,) 8500,000
Interest on bonds dated be
fore the war accruing since
1868, 1.008,500
Interest on bonds dated since
the war 940,500
82,509,000
And new bonds 8,061,000
Add bonds
war
dated before the
important ofSces. whose sal.aries -H-jll \ nt
be le.ss than S35.000, in addition to thosM
heretofore in use.
Be.side8, from the example set hv the
convention in having nselcss odicers in
their pay, such as Sergeant-at-arins and
reporter, and from their liberalitv with
the public moneys to iheraselves and (••!>
ers, it seems clear that all salaries will be
on a larger scale than heretofore—it
safe to say at least one-third more.
3. PoLitentiary.
'I he General Assemblv i.s r»‘qu’red
build a Penitentiary. This wil? cost
least 8250,000. Not less than 8-"»0.00o
will be spent the first year. Prob tblv a
Superintendent, with a salary, will be at -
pointed.
4. Schools.
IS
to
at
(From the Raleigh Sentinel.)
TIIOUGHTS FOR THE PEOPLE
For Attorney General,
SION 11. ROGERS,
OF WAKE.
For Life Insurance Only.
PIKDMOX'l
HEAL ESTATE l.VSi RAACE COlll'AW
. Oi VIRGINIA.
nu*s.
OFFICE, NO. 141 BROADWAY.
NEW YORK CITY.
WM. M. COXiS, Secretary.
CHB.ZSTZAir W. BOnCH, Pres.
laroruiation gladly I'unii.'^hed in detail,by
A. W. LAWRENA’E, of Raleigh,
Agt. for the State of N. Carolina.
C COLAillENOUR, Agent,
—w&twly Salisbury, N C.
Geu’l
W.
mar 3
The
Mutual
I'iff ,3nsDranff (Corapani)
OF VIRGINIA.
A Viryinia and Southern Institution
Its Fun In are hpt in the South.
It has met with unprecedented success.
Its fortunes arc cstahlisJtcd beyond any
confinyency.
Tlit» (’oinpiiny lias caiiital and as.sot.s. against its
Pxhiliiy Hiat will compare favorabl\ with anv Lift*
lii'uruiu'c ompany ou the coiitiiieul, wliich is tlie
truf i«*st uf rcs|)onsibi!ity.
Itsailaii-s arc cautiously administered by selected
Directors. Mi respuiisibility aud business caiiaritv.
It lias established its claim to .Southern Patronage.
OFIICFJIS:
1* R E SIDE N T ,
.U)IIN E. EDWARDS.
MfV: CRKSIHENT,
W.M. il. Isaac's,
MKDRWI.
(TIARLE.'^ H.
I.KG AI, ADVISKU,'
11 C. Gabki.l,
SECRETARY,
1). J. Hautsook,
D
EX.YMINEK,
M.
1)
CKVEUAI, AGKM.
JN(I. 11. ( LAI BORNE
DIRECTORS:
John Kndrrs.
William K. Taylor.
.Samuel 8. ( Jttrcll.
John Phiolcy.
’harle.s T. Wortham,
M'illiani Willis. Jr.,
Erd, A. .''laith.
Taos, i. Evaas,
J auiei S;oU,
B.M Quarlea,
. M. Tyler.
J. K. Edwardii.
A. Y. Stokes.
.1. B. .Morum,
P. n. Dibrelb
William H. Palmer,
■ AUTHORIZED CAPITAL
ONE MILLION DOLLAES.
1
; -' OFFICERS.
W. 0. CA^INGTON, President.
Ja J. HOIjjKiNS, Secretary.
OiJLl. PERRmY, M. D., 3Ied. Advisor.
This liberal and solvent .Southern Company
pays to its policy holders annuallj'
87^ Per Cent, of its Profits.
It propo.sos to aid its patrons bj' taking notes
for one half of the premiums.
It allows ’t.s patrons to pay all ca.sh if desired.
It iuv'itcs its patrons to attend its annual set
tlements and see their rights protected.
It aliowi its patrons to change their policies
from one place to another.
Its Policy holders are not restricted us to tra
vel or residence.
It otters the following certificate as toils sol
vency ;
Nkls* Court House, Va t
March 25, 1867. S
The undersigned, officers of the count}' of
Nelson, and .Stiite of Virginia, take pleasure in
recommending as a solvent and reliable compa
ny.‘‘The Piedmont Real E.state Insurance Com
pany,” of this county; and besides the merit of
its solvency, its rates and terms for Life Insur
ance are such as to commend it to public pat
ronage.
Its Stockholders, Directors and Officers are men
of high integrity, and patrons can rely on an
honorable, efficient management of its affairs.
None of us have stock or personal interest in
this comjiany, aud simply give this as disinter
ested testimony to the merits of a good iustitu-
tior..
Geo. S. Stevens, Clerk Circuit Court,
.Toun F. Hix, Sheriff-
Wm. A. Hill.Surveyor.
S. IJ. Loving, Clerk County Court.
G A. Bingham Co., AgeuLs, Salisbury
AVe also have the agency for good Fire Com
panics.
Traveling agents wanted. Apply to
CAPT. JAMES F. JOHNSOX,
Special Agent, Charlotte, X. C
Jan. 7,1808. wAtwly
THE BQBZSABLB
Conscrvolite State Judicial
Tichet.
Supreme Court Judges,
RICHMOND .M. PEARSON, of Yadkin,
ILLIAM H. BA r FLE, of Oraiiiri*,
EDWIN G. READK, of JY'r.son,
.MATHIAS E. MANLY, of Cravc«,
A. S. MKRRIMON, of Buncombe.
(no. 2.)
THE
Total on which interest is to
be paid July 1st, 1809, 819,476,500
or one million one hundred and sixty-eight
thousand dollars annually! Of this
8584,000 is to be paid 1st July, 1869 in
addition to the $267,000 payable 1st Jan
uary next.
In other words, the people mnst
raise, by taxation, to pay interest on
the public debt, out of ther next crop,
$851,000!!
In the aboves estimate we include
tlie $1,000,000 guarantied b}’ tlie
Convention for the Wilmington,
Charlotte and Rutlierford Railroad
Company, as that Company is not
able, and lias not been since the war,
to ])ay the interest on its debt.
Tlie tax levied under tlie Revenue
act of February 26,1867, yields about
item of in-
‘D' J
Superior Court.
First District,
DAVID A BARNES,
OF HERTFORD.
Second District,
EDWARD J. WARREN,
^OF BEAUFORT.
Third District,
GEORGE V. STRONG,
OF WAYNE.
Fourth District,
WILLIAM S. DhlVANE,
OF NEW HANOVER,
lifth District,
R. P. BUXTON,
OF GRANVII.LE.
Seventh District,
THOMAS RUFFIN, Jr.
OF ALAMANCE,
Eigth District,
FRANCiS E. SHOBER,
OF ROAVAN.
Ninth District,
WILLIAM M. SHIPP,
OF LINCOLN.
Tenth District,
ANDERSON MITCHELL,
OF IREDELL.
Elerenth District,
JOHN L. BAILEY,
OF BUNCOMBE.
Twelfth District,
A. T. DAVIDSON,
OF MACON.
Ht-nrt' K. Ellvt^m.
-Asa Snvder,
IJ- E, 0. Baskerville,
Snimiel G. T.irdy.n
Gcorg-'Jacobs,
J. W. Allison,
George S. Palmer,
A. D. Choeklev,
II . V. Cabell,'
1). J. Hartsook.
JoLii C. Williams.
Williajti G. Taylor.
A. P. Abell.
Wuj. B. Lsaacs.
Gttorg^ I., Bidgood,
Bamael M. Price.
SOCIETY
OF THE 0|p STATES
No. 92 Bro.adway. New Y"okk.
For Rent.
THE HOUSE AND LOT fonnerly gwu-
"'‘thin one quarter! imjirovement bonds issued d
ot d mile of Town. There are four a*res of, • ‘ ui i a
Land, (two acres of V.ich is well set in nuder f
yer,) with a comfortable residence, contain
ing four good rooms; Also, all necessary.
Cash Assets ?6.000,XtO
.'.umial Cash Ineome 3.5U0,U00 ,
8nm a.ssurcd during 1867, 45.238,400 I ^'f
Number of Policies i.s.sued in one year—10.465 | Ec
All profits divided among the Policv holders an- ^
iiually.
Dividend Febnuiiy 1st, 1SC7—Cash viduo $010.-
315.
The largest Mutual Life Insurance Companv in
the world.
out-houses. There is on the premises an ex*;-^ purpos^, amounting to $1,053,000,
cellent well and a tine orchard of [200 trees] I - . V . ’
of well selected fruit.
b or further particulars apply at the office
F. 11. iiPHAGLE.
tA-—if
eh. 18, L86S.
LEWIS
an 17—tw&wtf
C. IIANES. A«'t.
Lexington, N. C
JOB PRIN1IIV«
NraGy Executed at this Otjice
Life from |250 to
Ao’ts.
Issues Policies ou a Single
$25,000,
E. XTye Bntehison 4t Co., i
No. 1, Cowan's Brick Row,
Salisbury, N. C.
AYho are al»o agents Tor six of the best Fire
Insurance Ooinpanies Ui the United States,
march 4, 1808. IwAwlua
W
Biiiikrnptcr.
L have jn.st received a comnlefe
assort
ment ot approved blanks in Bankruptcy, and ’ lug for bonds dated before the war.
attend to m bankruptcy ! We have carefully calculated tlie in-
before the Kegisters, and the Dist.-ict Court Uni- * i -4 • i 4 i
ted States. moouriuni j terest to be paid in cash on and bes
BOYDEN k BAILEY, ! ^1869.
Solicitors in Baiikiuptey. The debt dated before May 20tli,
d j 1861, is $8,906,500. On this diere
Maroli 3. 1868.
TAXATION ! TAXATION ! ! UNDER
NEW CONSTIUTION ! ! !
To the People of North Carolina :
I lie poverty^ of onr people is in
every one’s moutli. The statements
of our poverty have not been exag
gerated. No question, theretofore, is
more important to ns than tliat of | $270,000, so that
taxation. In onr condition it is one terest onl}' more than three times the
of the highest interest. present tax must he added to the lev-
V c therefore desire that when the I 'cs—that is, where a man paid 51 last
people vote on the now ConMlunion, | year, he must pay $4 tliisyear. This i
ijioy may uiMJcrstand what burdeno le on tlie suppo-iOori mat me e.vpen
they are assuming. We have, there- sgs of tlie proposed State governinet
tore, made a careful estimate of the will not be greatea than heietofore.—
irioney necessary to be raised within This is far from being the case. A
the next twelve months, if the Con- little consideration will show tliat the
stitution goes into operation. The expenses of administering the govern
estimate cannot be disputed, being ment under the new Constitution will
calculated from official data. be bey’ond measure greater than has
1. Interest on the public debt: ever been known in North Carolina.
The new Declaration of Rights de- Prudent men will stand aghast at tlie
dares “that tlie public debt regular- result. It A\ill be seen that wliere a
ly contracted before and since tlie re- tax-pay’er paid $l last year, he will
Iiellion shall he inviolate.” In article have to pay at least $S.
V , sec. 4, it is provided that ‘ the Taxes to pay the expenses of the
General Assembly sliall by appropri Convention.
ate legislation and by adequate taxa- rr., i r r> i
• J c .1 ^ J The expenses, we learn from the Pu.b-
lion provide tor the prompt and reg- i. -r- ^ i 4 -.4 a-t
c ‘ ^ 1C Treasurer, already paid, arc 7,-
nlar payment of tiie interest on the rp, ? ^ .i
It- \ 1. I ... -loon 1 11 16o. The charges tor printing the
public debt, and after 1880 it shal L
-c 1 .1 Constitution, and other printing
levy a specific annual tax upon the , » 4. ... 1 mi
i J , i i.’ .1 charges, are not yet presented. I he
real and personal property ot the -u 1 ^ .1 nnA
c. J ,‘i ,1 ‘ ^ 1 . 11 sum total will be more than $80,000.
State, and the sum thus realized shall m .. .1 • .1 o *• u 1
, I . , • r A ° V To meet this, the Convention has lev-
beset apart as a sinking fund to be . , • 1. r g lUr.
J , 1. ,1 f e IT led a special tax of five cents on the
devoted to the payment of the public 1 /• 1 a i 4.1 ^ .•
„ ‘ c puuiiv. value of land (on the valuation
1 of 1860) and on all personal property
It tlins appears that it the people r . J rp, i.;.,',,
T4* 4i 4*4 4- .1 IF in the State, ibis taxes evervtlnng
ratit}" the Constitution, they express . 1 r •
1 J .1 I A ^ 1 1 —stock, farming utensils, proMsions,
Iv command the General Assembly ^ r 1 o.wi
U Y cfcc., &c., down to milcli cows, and
to commence promptly the payment ’ 4 i
of the interest on the public debt ’ - _ - , ,,
BY TAXATION. 1 Expenses of General Assenibiy.
The Convention was not satisfied The General Assembly must meet
with this Constitutional provision.— within 15 days alter the acceptance
They framed an ordinance directing of the Constitution by Congress. 1 hey
how the interest shall be paid. It is will, of course, vote themselves $S
provided that the -first General As- per day, one third more than has
scmbly under the Constitution sliall been usual herefotore. The Assembly
pay in cash, on the 1st of Januar3\ of 1866-’7 cost $58,000.
1869 the ’nterest on the bonds, dated As the convention with 120 members
before May 20th, 1861. cost $80,000, each member costing on an
2d. All interest due before the 1st average $666, the General Assemb },
of January, 1869, and interest on
bonds dated since tlie war and before l
the Ist of Jii y, 1869, s lall be funded , constitution totally changes
into ne w bonds, and 77,, I our laws and will call for a great deal of
3d llie interest on aZ/Ud due unusual legislation.
1st of July, 1869, must be paid in 2. Salaries of the officers.
, .71',. More offices have been created than
It mnst 1)0 noticed here tliat niter- | i,„etofore. For examph :
I 1 Lieut. Governor,
acts i 2 Superintendant of Public M orks.
1 Superintendent of Public Instruction.
1 Attorney General.
2 Supreme Court Judges.
4 Superior Court Judges.
3 Commissioners to revise the laws.
Boards of Public Charities, enjoined by
Articie 41, Sec. 7, at least 3 we presume.
We count the Attorney Geneial as a
new officer, because be will be a salaried
i officer; his duties are to be different from
I what they are now, and there is to be a
Solicitor ».o ride the Raleigh Judicial Cir
cuit. The Attorney General is to be
merely an advisory officer. The Super
intendent of Public Instruction is counted,
because his salary is to be paid by the
State, not as heret»>fore by the Literary
Board. Without eouuting 4 new Solici
tors and other iniuor officers, here are 16
It is enjoined on the General A.'seinblv
$10,570,000 at their first session to provide, hv tax.a
tion and otherwise, for a general and nui-
8,906,500 form system of Public Schools, whon in
tuition shall be free of cliarpe to all the
children (of all colors) of the State betwe.-n
the ages of C and 21.
There arc about 200,000 cliildron in
the 8tate, white and colored, bei4v‘Pii the
aforesaid ages. It is impossible tli.it the
tax for this purpo.se can be le.^.*! than $.500,-
000. For white children only, before the
war, the Literary Board distributed $175,-
000, the counties raising the same amount
—in all $340,000.
5. Unirersity.
It is enjoined on the General Assem
bly to provide that the benefits of the
L niversity be extended to the youth of
the State (of all colors) free of charge. (tt
course this will require an appropriation.
Certainly $25,000 'u a moderate sum for
the purpose.
6. In.-iane, Blind, Deaf and D imb.
4’tic G encral A.^senibly is required to
provide that all insane, deaf, dumb .and
blind shall be .supported by the State.—
Heretofore the State only supported tho
white pocj- of ihefo afilieted classe.s. 'I'his
provision throw sou the Suite the eop
port or me ricn as wcii as me poor, col(»r-
ed as well as white, which will co?t
least $50,000 more, and the estimate
very small.
7. Militia.
Ut
Sec. 2, Art. xii, declares that “th**
General Assembly sb; 1 provide for the
organization, arming, equipping and di
ciplining the militia, and for paying the
same w Iicn called into actual service.
Ex-Provisional Governor Holden, in a
late editorial in the Standard, said “that
when ilie blue coats shall be withdrawn
from the State, the State militia, organiz
ed on a loyal ba.sis : i. e. black and w lii* .
will take their place.” He has t en
praised the policy of Gov, Brownlow, of
Tennessee, whose militia cost last M-.ar
about $300,000. The Standard, of March
19th, says, “we must sit at the Uet ,{
Brownlow, as Paul sat at the feet of Gam
aliel.” If Holden be elected, of cour.'f'
he will carry out the same policy and we
cannot expect our State to pay less than
Tennessee. M e set down not less than
$300,000 for the militia, white aud color
ed.
To recapitulate : Increase of expense.^
of the proposed State govenimeut over
former years :
1. G neral Assembly, at least.. .$50,000
2 New offices and increase of
S.ilaries, 60,000
3. Penitentiary, 50,000
4. Common School.-*, .500,000
5. University, 2.5,000
6. Asylum.-*, 50,000
7. Militia, 300,000
passed before the war, and used for
railroads, not for war
toiilding out
are totally ignored by this ordinance. {
This is peculiarly unfoi tunate, as they j
(are the only State bonds held by our j
own citizens, while forty-nine dollars
out of every titty raised by the ordi
nance will go out of tiie State. Many
other bonds atid notes issued during
the war, not for loar purposes, are
ignored, the ordinance only provid-
$9S5,000
Now add the interest on the public dt h‘
and we have a grand total ol -$1,836,000
more than has heretofore been required to
support the State Government.
As said before, where a tax payer was
taxed $1 last year, he will, under the pro
posed Constitution, pay $8. Totliis must
be added all county and city taxes.
County Taxes.
4'he county taxes aggregated about
•$600,000. We have no data for estima
ting tlie city taxep. The State and coun-
tv taxes, under the new Constitution, to
be raised out of the people next winter^
must exceed $2,600,000.
Y\.ute of Taxation
If it were possible to raise the ratc.s on
all subjects of taxation eight limes the
present rates, then land would pay for
State purposes, on the valuation of 1860,
eightv cents on the SIOO. )n llic valua-
tion ot 1S6S, it would be probably -5-1.GO
on the $100. But if the rates are made
eight limes higher than now, many .-mb-
jecis of taxation will be destroyed Un
der the new constitution, the poll t ilX u-
iiot be higher than $2. Hence, as ihe
rates cannot be raised on other suljf-ets,
thf deficiency must be as.sessed on land,
'bln land tax will necessarily be ten or
twelve times higher than at present.