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.-' ' I " OURS ARK THE PLANS OF F.i;IU DELIGHTFUL PEACE, OSWAKp'o V ABTY RAGE, TO LIVE LIKE BROTHERS."
p,
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it
TUT. HT.ttlST&B.
T PCBMStlF.Ii ETKRr F HI DA TT,
Uv 3os Gtea '& Sou,
1 Unleigh, North-Carolina.
Tfl" I? s T)dttARs per annum; one half in advance
Thne who lo not,eitlier at the time of suh
9cribin,or subsequently, five notice of their
wish tohave the Paper discontinued at the ex
piration of their year,wi11 be presumed as de
siring its continuance until countermanded..
a rTy erti se m e n"t"s ,
HjI aceeiYin' sixteen lines? will be inserted
three times fork Dollar ; and twenty five cents
fnr each sitbsenuent nublication i those of
. . j
erratpp. IpniriK. in the snitie oroDortion. H
. -f '
the number at insertions be not marked on
then, they "will be continued until ordered
Out, and charged accjirdintrlv.
TREASURER'S R SPORT. -
TREASCKt.DEPABT'nsT, .Nov. 19th. 1832.
The Honorable the General shmbly of the State
of A urth Cardina.
In obedience to the directions of an
act of the General A':ienluJ passed at
the Bession f &P.7, entitled an act con
cerning the Publit Tfe;vsurj,,J the Public
.Treasurer respectfully submits the follow
ing REPORT :
. Of the Public or unuppropriiled Itcvs-
mip mul PTnpji. tii ures. i
The balance of cash-re roaming in 11k- Pubhr
d
Treasury on the 1st cuy ; ot
November. 18-',
was
Te receipts during the en-u'mg
fiscal year, ending on t!,c 3lt d y
of OctoycrlSjl, aiuounted to
95,753 10
16i.48i 94
The disbursements during the sirae
period, (including a trai sfer of
$29,074 95 from tiie Public to the
Whicb, deducted, show the balance
of cash remaining ia "the hand of
the Public Treasurer to the first
day' of ISoWrnScr, 1831, as re
ported to tlies General Asaemb'y
of thft year, and for which he is
charged in the books of this uffice,
to be
The receipts at the Treasury from.
all sourceso' unappropriated re ve
ihgtif during the last fiscal ye ir,
tUatus, from the 31st Oct. 183 U
to.,, tie 1st of November, 1832,
amounted, to ninety -fwur ih msand
five huftdred' doiiHrs and fmty
three cents, (94 C00 43,) viz
Cflii received1 of the She-
- rifiiifor Public tax, be
inghe ordinary reve- :
riue cf 1831 , payable in
to the Treasury on the
1st Ost. 1832, and not
otherwise appropriate:!, $66,905 73
Pitto fines imposed for,
failinj to comply with
theaii of 1831, . 3,600 00
Ditto on account of addi-!
tionai returns of texes, !
33,022 99
(jiee statement marked
Pit to State Bav.k of N.
Carol: lis, for dividend
on 2754 shares of stock,
' at' 2 per ct. for the half
year end ng in Decem
ber, 1831.
Ditto ditto for
the half rear ending in
June, 1832,
Ditto Hank of Cape Fear,
in ftiti for the tax of m;
percent. 6u their capU
til stock, (3073 shales)
.-' or Hie year 132, paya
ble 1st Oct.
Ditto 'jank of Newbern,
oTi ccpttnt of the tax
cf one per cent, on
their capital stock, pay
able l?t Oct. 1832, this
sum ree'd in part,
Ditto Buncombe Turn
pike Company for divi
dends on the stock
owned -by -the State in
Fiid Company,
pit to the "Executcr of
Mrs. fc. E-iA. Haywood,
for rent of public lota
. in the cilv of Kaleighj
resit of 1834,
Ditto on bonds
, fur ; sales of
.lands and ne
groes belong.
696 19
5,23 00
5,523 00
3,073 0
4,570 00.
-125 00
10 09
iiit(j the late i
, John Hay
. wood, Ktqr. .
Jsjpaent,B)
principal, $3,303 67
hjitto ditto
J inttjest, 7o3 44
44037 Hi
jDitto't Ch .rTea
Manly, , Ksq.
amoutit othTst
' boBd . given
for. the pur
chase of the r
"tjiCbine tract' "
of -nd, prtn-
409 00
18 40
Ditto cit
427 40
94,500 43
$icT, with the balance stated
k'ove. show an aggregate amount
, ; ,,!;, ... . 127,523 42
riv disbursements af 'tbe. Treasury
''! the saute, period, that is, fi m
W 31st (l Jet. 1831, to die 1st Nov.
is:u!: for whicti- vouchers have
JuIiu'mH llhi rnninlrnlt "
3 ly btm allowed, amount to ' 119,598 68
-.liicted. shows the balance
' -$4mainingin the hands of
iVr'Vrfi"l'reasHrer. and lor
is accountable, tp tbtf
i
fV
in
V N
I ve
The disbursements for e ye;ir, as
.
stnted alove and Medticted, consist of the
full owuv items,
. General Assembly,
: $40,379 49
24,6i 45
2.360 00
ft. 000 00
1,171 00'
1,000 w
200 o(
29,8'1 77
760 00
22 50
600 00.
. 900 00
500 00
juoiCiaiy,
Kxccutive Department,
Treasury Department, .v
Departnu-Mi of State,
Ccmpt roller's Depv'ment,
Adjutant Gentrid's OMioe,
Treasury Notes burnt by commit?
tee ot Finance, session of l'8Ji, '
Pensioners;
Congressional Elections, - ,
Governor's House, .
H 11 1 J i 0 Printer,
Stoclk in Roannke Navigation
Company,
State Hank nf North C:trolin., in
terest on the deferred payment
for stock, ' '"
Bojiie Hanks,
Sh.e'r.trs for settling tK,
Ctmti'njrencies, v"t
liepnirs of Statue,
Tuskarora Indians, ,
19P '25
H66 40 :
4.9U8 87
. 2,800 00
3,220 71 J
V-9,593 6ft
For a more detailed exhibit, of the items
which make up this expenditure, and of
payments an account of allowances or
drafts made by the General Assembly, and
warrants issued by the Governor," &c. as
require I by the 11th section of the act of
18-27, Jhe Comptroller's Statement, pre
lurel lor the 'use of the members of the
present Genera! Assembly, is respectfully
referred to. The specification o( t: e d-s-bursements
therein stated, is made from
he; vouchers received and paid tor at the
-I "lit I A.
, l leasury, ana win oe lounu iu as;ree wiui
the entries m the books ot this omce.
The following statement of the moneys
received and expended on account of the
Literary, Internal Improvement and A
gricultural Funds,, are also subtnitted in
further discharge of the duties required
by the several acts of Assembly.
. Of the Literary Fund.
The' balance of cash remaining in
the h inds of the Pu'l c Treasurer,
as Treasurer of thi-s Fthid, to the
IstNov. 1S31, hs reported to mc
Genial Assembly of that year, was $75,025 96'
Tl? receipts at the Tr,:asu v of
money longing to this Fuiid; ' m
the31Wy of Oct. 1831, to the
1st dav of N.iS3;-'ini"li"t to l,,ir
teen t"h..u3ind 0!Km'rlied &. thir
ty dolUrs and s'.xtjltf and
consist of the follow. ng suw,f
Cash received for Entries o; Vca.?
Lae.d, 7,898 72
Ditto for Tax on Sales
at Auction receivetlof
sundry Auctioneers. 570 57
Ditto fur Tavern Tax
received of She i ills. 2,632 00
Ditto State Bank of N. J
Carolina fur dividends
on 282 shares of Stosic
(uvned b tiie I'itsi-
de.nt :r Directors . of . . ,
th Fund) at2peri2t.
tor the half yenr end- i
ing Dec. 1831, 564 00
Ih -o uitio 1 vulends f j
on the above shares for
rht half year ending
June, ly2,
Ditto UoanTke Naviga
tion Compan fordivi-
564-09
.ends on 50"jr.ares of
stock (appropriated to
Jlhis Fund) at one snd
. ti.ree qu rtcr percen
tumideeisr.d Nov. 18ol,- 875 CO
Diti.o for "i'ux oi Faiis ;
hcld in R chii oud coun
ty per Act of Assembly
ot 1830 : 26 36
13.130 65
Making, when added to the balance
above stated, the amount of
T here hns been to expenditure,
from tlf s fund during the year.
88 156 6H
JI. Of the Agricultural Fund.
The Cash received from
all sources (appropria- -Ud
to this F'und) viz
f o r. the Ch lks ofthe ,
County, Supeiior and
Supreme Courts, and j
from Clerks and Mus
ters in Kquitv, from
the 51st Oct. 1831, to
the 1st Nov'r, 1832,
(statement C.) ainauu
ted to ,$523 29;
Deduct Di.sburefnenis
(D.) during tiiat peri
od, made agreeable to
the returns of Stid
Clefks, &c. and Tor
which vouchers, have v
been taken and passed
'to the Comptroller -'. ' 93 49-
Showing a.Jialance, '
unexpended of 429 71
rius unexpended blnce" isdi
rected by act of Assembly of 185,
Chap. 1, to be transferred to tlie t
Literary Fund, which beiisg add
ed, shows an aggregate am juut cf
Cash on hand belonging to that
Fund on the 1st Nov: 1832, of
88,586-32 J
IV.
Of the Fund for Internal Improve
ment.
Bale on the lst of Oct. 1831,
as re. teltr the Gejftral Assem
bly that vea-, jf : jr,944 9
The r,efts at ihVTreasury on..
jaccount of the FundMor lijternal
improvement,' from the Slst Oct.
1 83 1, to the,4.-t day of Nov v lb2,
amounted to two thoumd s:x
hundred and one dollars and thirty-six
cen's, viz ;
Cash received from sun
dry purchasers olChe-
rqkee Landslip pi opri- ..
atexl by Law to this
Fond (Statement E.)
L Principal . 1,909 oH
Hiito . ait;o interest oyi y.j
2,601 36-
lQ,5tS 55i
V
'The expenditures lor tlie sme Pe
....,1 f.i mi,n than.
nod i'r'-) am iiinlt'd to nine thou-
sand e ven hundred & thirty-two
dollars and Hfieen ch n'-, viz :
Api'opriatio'.s fVr sur-
ri'ys ot Unit ro;.ds $4,17612
Work on l'ape-1'ear Ui -. C-
ver, heinj o much
paid on the Slate's Sub- -
scrip' ion, for st;;ck in
the C. b N'av. Go. 1,562 49
Tennessee rivei Turnpike 2, w0 00
Work on Hro il lliver
M'oney refunded t sun
dry Cherokee purcha
sers per Resolution
Superintendant Public
Works
Secretary Boartf Inter
nal Improvement '
1,500 00
78 5-i
.100 00
15 00
9.733 13
Wliich deducted leave a balanrat
Credit of ti'i Ftind to the 1st
day of N.-.v. 1832, of
813 M-l
Since the Runlcs of Newbern and Cape
Fear !mve ceased to declare dividends on
their Capital Stock, the receipts on the
bonds si veil bv the purchasers of Chero
kee Lands constitute the only source of
revenue bid mining to the Fund for Inter
nal Improvement. As it was th.j dividend,.
only, and not tlie stock itself, that was
appropriated to this fiyid, there can be no
expectation of a return of its means to ef
fect much, without the provision of new
resources. Under a resolution of the Ge
neral Assembly of 18-29, directing the
Public Treasurer tk to abstain from -.collecting"
any money due upon Cherokee
ttonds, given for the land lyinu; within
the county of Macon, or lying within the
county of Haywood, where the same is
covered," 6lc. th? collections on these
bonds have been in a great decree sus
pended, and must remain so until the
suits as-iinst the purchasers now pending
in the Federal Court are decided.
The balance of the State's last subscrip
tion of $5,000 for stock in the Cape Fear
Navigation Company, is regarded as be
in fust entitled to be discharged from
this fund. Should the collections in the
course of the winter prove insufficient, af
ter paying that balance, to discharge the
debt contracted on account of the Rail
road . surveys, " ordered by act of the last
Legislature, such deficiency will be sup
plied from any other money in the 'Trea
sury belonging to the Public Fund
RECAPITULATION.
--J The foregoing statements shew
bonces ot Cash on h;-nd to thu 1st
day obe,' lyi2 s tollows,
viz. .
Amount Public Tr: surer, $7924 7
i Ditto Treasurer of the 4-uiiUiiS1" it
ternal Improvement, 813 40j
Ditto Trcasur.r oi the Literary
Fund, 88,586 32
Making an aggregate amount of ?97,3?4 46'
With which the Public Treasurer, as
such, and a Treasurer of the Literary
and Internal Improvement Funds stands
charged in the books of this, and the Comp
troller's office, and for which he is there
fore accountable to the 1st day of Nov.
1832. That amount is disposed of,, (as
directed by law,,) in the following man
ner, viz.
Deposited in the Rtnte
Bank of N. Carolina,
at Kaleigh.and rem.m
ing atthe credit of the
Public Treasurer, on
the 1st day uf Novem
ber, 1332, ' $58,067 27
Ditto Bank of Newbetn
ditt, 24.714 21
Duti Bank of Cape
For Fayetteille, 12,100 88
74,882 36
Worn Treas. Note, Silver Change
Stc. deposited iu the Vault of the.
-'Treasury,
22,442 102
$97,324 46
In conformity with the provisions ot an
Act, passed ar the last Session of the Ge
neral Assembly, entitled "an Act lo
change the disposition of the money con
stituting the Agricultural Fund," all the
accounts kept in this office, for the pur
pose ot preserving a separate and distinct
record of the receipts and disbursements
of that fund were discontinued with the.
expiration of the last fiscal vear. No re
turns have been received since the; pass
ing ofthe Act; but the accounts 1 were
permitted to remain open until the end of
the year, in order that certain arrearages
due from some of the clerks uiijHit be col
lected, anil that the individuals, entitled
under former returns, might have as mucKfittf'i'Vi
liuje as posaioie; n piescui. men cuuiiiy.
The amount annually disbursed at the
Public Treasury, for the purpose of de
fraying the necessary expenses of the Go
vernment, exclusive of specific appropii
ations for works of -Internal Improve
ment, the redemption of Treasury notes,
&c. maybe stated at an average of about
eighty thousand dollars, viz.
F.xnenses of the Legislat ure,
$40,379 49
21,603 45
7.271 00
Dip juoiciary,
Drit Departments attbe
Stest of Governn.eht, v
Ditto Public Printer,
Ditto She rills for settling
TaX,
Ditto Pension List,
Contingencies, including the ave-
rage expense of holding-Congressional
elections, and elections tor
ProWent nd Vice-President of
the "VI. S. 8tc. &c. .
900 00
868 40
760 00
5,508 87
180,289 21
iated revenue
ought to.,be
so reirulated.
m any event, to meet
this expenditu -e:-.. Tlife most Icantious
could hartl'y it,Vd'a sitbstanViat objection
to paving iHS-fi r propoi titirt of such a tax
as will only ey the neccssary ex'pense
of. a'Governme which, while it affonU
an iicient pni ;?c4ion"to persons and pro
perty, is sh iw elleil, as to oper ite witi.
a rigid reg;iiec)aomy. TheorJ'mny
public revennif this State has nyt been
adequate to thf ipirpose-for many years.
The a:tii)unt ? InuaMy received of the
Sheriffs,- exclu l;e of taxes appropriated
to specific oh jets has, for the last
two y.ears, flue" iated between sixtv-three
and sixty-ei2.hr lion sand dollar. shoiviur
an annual tlelffl, in this source of reveV.
nue, to mevt tli current -enses of the
Governmenf, o! twelve to seventeen thou-
1111" J
dollars. ! hi s deficiency lias been
uppJied by di -idends on b.ink invest-
rneiU ; by tht jssuing of Treasury notes
at different titn s ordered, by the Te;s
lature, large aii 'Hint of 'which were la;d
out for batdv Rtt"-'k, jivhich again yielded a
dividend r by: Wrirroceeds of. the sale of
public lot's ar.djids iu the City of Ra
leiglt and iUVi?ify ; an'd by sums de
rived fiom othtj tfifcidental sources of re
venue. All :t Use-, a re, in tlieir nature,
fluctuating andtifeuiporary, and have, of
hitebecu neaTiykliscontlnued. The Bank
of Newbern l.a.i declared no dividend
since the year 1829 ; the Bank of 'Cape
Fearvince the yV-ar 1830 ; atid the State
Bank continues to tlivide only two per
cent semi-annuajjy. On the other hand,
the demand, at the.Public Treasury, for
tlie redemption Treasury notes, has ir
creased, as the t otes have become worn
and in fit for ciF. ulatioii ; thouh thisde-
inaiul may not 1 expected to be so great ;
in any futui-e ir as heretofore. These
causes, and otH ;s; have contributed, and
do s?i, f(, lesv 11 the balance of Cash in
the Public Trq, jury, at the end of each
successive year"! The balance now on
hand, as hefeii Reported, R7,924 733, it
will be seen is .ss than the amount of
worn Treasury )tes put up and arranget!
f.-r burning i-'iiTent K) by the sum of
eight thousand' 'x . hundred and twenty
two dollars and hir'y-,even cents, (SB,
622 37. The ''Treasury, notes cannot be
regarded as available funds ; and hence,
in tact, though Yjjnpareutly otherwise, the
Public Fund Jv&'j deficient on the 1st day
of November, b- just the amount of ex
cess mentioned iovfc. It is believed that
this difficulty' n y be met in a great de
gre, if not c"t-i'ly, by a proper revision
and en(orcemejif the laws regulating
the assVssuien.t'f lands in this State,
vvYthoi'1 retoi-tin :(to the imposition of new
or inci
asett tses. bucb a measure,
by prevenliSf jjle numerous frauds and
evasions praetir j'1 individuals under
the" present s,ys: m Cassessing lands for
taxation, wouH . ir alt "babili!y, in
crease the reWerie to the de'a amount;
ami so give the. legislature a conK wver
The perifnjif rjt finappropria
"f the State, it s conceived,
the investments, i the State, when lAilCourt which preced
upon their- hant , and enable them, "with iL at which the re
advantage, to reinvest in works of Inter
nal Improvement ; to make provision for
the increase of he Common School Fund;
or to direct sue j other expenditures, as,
in the exercise f awise legislation, may
be deemed tpnri jtive to the mtiral or phy
sical impiovetn nt of the community.
The,time will a Hve before the expiration
of the present -ssion ofthe General As
sembly, wlierr, jcordlng to the provisions
of the ameiabi .charters of 1829, the
Banks of this iS -te are permitted to di
vide portions td . heir capital. The situ
ation of these. ;ititutious warrants the
expectation, tht',; large dividends ofcapi-
t 'Hi
tai win De mad! as early as tbe terms of
the charters w permit. Under these
circumstances ; is respectfully suggest
ed, whether spi .legislation oh tlie sub
ject of the fufmiilUposition of the money
may not be ex p1 fent. I he files marked
(I,) (L,) and '(accompanying this re
port aie referred to for the necessary
data. ,
In connecfior with this subject as it
regards the Stat;Bank, it may not be im
proper to re taVtic, that, of the original
subscription ofi-2,500 shares, the sum of
elghfy-three thousand nineiiundred and
si x dol lars 'el e en cen ts, (83,006 U) has
neyer been pald,; By a special proviion
pfe;fbarternof the Sfate has re
e!va;iytdeft44' on" the whole number of
es suoscri.oi.r4, - ueuueung tnereirotn
"I 1 1 I . " .1
a sum '..equal to t"4ir per centum upon such
part o the saul tocK as nas. not oeenac
tually paid fr y the State, oh the day
when the div.it nd js decfaretl, out of
which the retail r is made." This inte
rest of four per' Sent, on the deferreil bal
ance, has been feu;ularly retained by the
Bank from the Oecember 'dividend. If
not otherwise, i Itructed, the dividends
of capital on so ;auch of the stock asi has
not been paid ft V w'- he applied to the
discharge of tha,Jebt. ?
The iuconvefaence resulting from the
diversity of cur fency prevailing ill diffe
rent sections of (he State, cobtinues to be
much felt in tr; tlsacting the business of
this department
Frequent tlra ts on the Literary Fund,
to s) p ply .thtj i deficiency of the Public
Fund have be? 0 made duriri"; the past
year, and tie cl ih replaced as soon as tbe
receipt of the-tli of 133 1 afforded the
i- ; wBma
meatiP. I lie followinf litatenipnr sbiw 4
'fte amnm;;. which the PnUie stood iu
3
debted to the Literary Fund; ;at eat
umntidv settlement afer the fa rnifir be
came exhausted :
On tiie 1st January, 1832, there
had ocuii used of the Literary Kurd, ?2,937 20
February, ido 51,271 6J$
March, do 52,913 25
April, do 52,765 tioi
May, do 58,380 1 Je
june, do 60,823 924
July', ' lo 6U.445 3UJ
.August, do 64,339 88
September, do ' 55,762 66i
October, H d 5.108 42i
In he ccurse'of the monlh of October,
the balance wa? entirely discharged. The
use which', i thus made of the cash be
loiigiff to this fund,, excludes the possi
b lity ofVrfyrag into eff ct tlie design
contemplated by the act of 1835 ; and the
Prcsidetl and Directors, instead of in
vesting, or otherwise disposing of it for
iinnnivement, as directed by that Act,
t
Tive been obliged, virtually, to relinquish
fr a time their control over it. To suf
fer thus to go to decay, and to be consu
med, means liberally provided and set a
part bv previous Legislatures for the be
nefit of an after generation, resembles, in
some respects, the conduct of an impro
vident heir, who wastes in mere indolence
w hat has been saved, by tlie industry and
economof the ancestor, for the lasting
improvement of the inheritance. Were
it properl y in the line of official duty, the
Public Treasurer, as a member, of that
Board, would here venture a hope, that
some provision may be made to enable
them to preserve and improve that Fund,"
lor the valuable ends had in view by the
.As-setnbly of. 1825. The proceeds arising
I rem the profitable investment ofthe a-
muunt ot cash now on hand, g88,536 S,
would be sensibly felt in its accumulation.
Under the operation of an Act, passed
at the last session of the General Assem
bly, entitled"" an Act to increase the li
ability of Sheriffs, and to provide more
effectually for the collection of taxes,"
the penalty of two hundred dollars has
been imposed on tweuty-two of the She-
ruis. ur these, eighteen paid un the pe
nalty atthe time of settlement. Against
the others, judgments have been taken in
the Supeiior Court of Wake county. In
relation to these fines, the Act precluded
the exercise of any discretion on the part
of the'officer of this Department '.and
hence they have been rigidly enforced in
every instance where they werejucurred.
It is belieted, however, from tbe know
ledge possessed here, of the promptness
and integrity of these officers generally,
and especially of those who "readily dis
charged the penalty, and from other evi
dence furnished by themselves andiy the
Clerks, that there did not exist, in a'siri
ule instance, such an attempt at fraud,
or even such a degree of nesjliirence, as it
was the design of the framers of that law
to punish. Many of these delinquencies
resulted, no doubt, from the fact, that in
many counties in the State, the County
es the settlement here,
return anil affidavit men-
tlonetrV .iv-v wi .'isch.uij aie icquu -
ed to be fNS5e takes place earlier than
it "a nciial to commence the collec
tion of thp taxp7Sw.th,, counties. In
wet.rl tha fnnrtdV hed during the
first and second weeks 7U-uh .of
July, when a strict compliance');1 M11
Act might result, weie there no oer ,n"
centive to duty, in the entire loss te
State, of the w hole amount of .this spMJef,'
nil pncfnunf 4. m. 1 7
of tax. Would not the restraint intends,
operate with more eilicac, were the Cleric
authorized, either by himself, or before
one or mure Justices ofthe Peace, to re
ceive the list and affidavit, otherwise than
in open Court ?
In the last annual report of the -Public
Treasurer, it was stated, that the money'
due at this office, for the use ofthe Tus
karora Indians, had been all collected,
and remained in the Treasury, subject to
the order of that tribe of Indians. They
were informed of the terms upon which
I hey tnight'ieceive it. Since that time,
upon their complying with the requisitions
.contained in the fourth section ofthe Act
of 1828, Chap. 19, entitled an Act con
cerning thelandsfo.rmet y occupied by the
Tuskarora' tribe of Indians, lying in Ber
tie count v, on the north side of Roanoke
river." by executing to .-the btate such a
releasees is therein directed, the whole
amount, &3,220 711, has peen paid over
to their agent, the Honorable bates Cooke.
His if ceipt for the money with an attested
power of attorney attached, has been pass
ed to tbe Comptroller's office as a voucher;
and the deed of release, executed by the
' Chiefs or Head JK ".of the tribe, and
authenticated by a hti;' judicial officer,
and the chief executive of the Sjjate ol
New York, depoViud with the Secretary
of State, bf him recorded, and placed on
the proper' file in that office. . --
The balance which- remained unpaid of
the last subscription of the State for stock
iu the Roanoke Navigation Company,
and which that Company, for a long time,
declined receiving, on thegraund that they
were entitled toVinteresl on so much of
the subscription aAwus not promptly paid,.
;has been dischargeit A certificate fur the
i i i P . i srr i. - o t rii
wnoie numDer of shares, iu, m diuu
each, (subscribed UiJ the State, was therc-
uponTurnished bf the Company, which
h'a noon .pa.nritii
j State, and returned to this office, aciee-
my to ihe airection of the Actfwr nerni.
tuatingt.' e evidence f stork. A-certifi'
rate for tlie stock held by the Slate in
the Plymouth Turnpike Company (100
shares at 325)has likewise been plucured,
record ed, and fi'ed in this office;
la the near 1823, the President and
Directors of the Literary Fund 1n este.1
a poriion of the rash belonging to that
Fund in sfork of the djanks of Newbern
and Cape Four. 'These banks continued "
to pay the tax of one per centum or. the
-hares-thus purhased, and held in the
name of the president and Directors of .
the Literary' Fund, s on shares "not
owned by the State," until the present
year. The. collection of this tax is now
resisted by the President of the. Bank oil
Newbetn, and a deduction of that whicb
was paid tor (he years 1828, 29, 30 antf ;
31, from that which is due for the present
year on the other shares notxjwned by the
State, claimed on the ground that the :
State is he proprietor of those ..shares V
and that,cnn'sequently, the word's "not
owned, Sc." exempt them fromthe tax.
The question was immediately put into
a train fr adjudication before the proper
tribunhl, by a motion in the Superior
Court! of Wake ; county, for judgment:
agaitibt the bank for thVwhule amount of
tx, as heretofore paid. The opinion of the
Court sustained the claim of the b;ink, and
an appeal lias beep taken to the Supreme
Court. Should .the decision be ultimate
ly against the State, and should the Le
gislature amirove the
II . -- 7 v . .
bank of (ipe. Feur be ileal t by accord
ing to such decisioti, a ilirectofy resolution
of such purport would be sufficient au
thority to act accnrdinjr'y.
The file marked G, accompanying thi'n
port, contains a detailed statement vt
re
the nett amount ofthe ddferent branches ,
of the onlirtary revenue, and the cash rc
ceied thereon ; also the receipts from
other sources nut appropriated to.particu
lar funds, and payable into the Treasury,
from the 1st of November 1831, to tir&
1st of NoAtember 183.
fhe aggregate amount of Treasury note's
issued,. -the several amounts burnt, and
the bajanee unredeemed and iu circula- .
tion on the first of Nov. 1832, are exhibit-,
ed in statement Ki The diminution of
their return upon this office for redemp
tion, it will be perceived, has been very
material. . .
A statement of the amount of insnlverr
cies allowed by the Comptroller, in set
tling w ith each sheriff appears in file II.
) Shows the number of shares of ban
stock owned by the Stale, and by thf Pre
sident and Directors ofihe Literary Fund
exhibiting also the number on which the
dividends have been appropriated to the
several funds respectively. ' .
(L).Bank exhibits received at this of
fice since the last Assembly.
(M) A statement of the account of tfvd
State of North-Carolina" with the State
Hank, for the .original subscription ot
2,500 shares, showing, w hen, and in what
payments were made on this account.
All which is respectfully submitted,
W.M. S. MHOON, Pub. Treas.
OXFORD MALE ACADEMY.
fiWWu Trustees have engaged Mr. .Iaiks II.
i. VYiLKKS to take ctiaiye oi thi.i bem.narfr
ttie ensuii g Veat'. The Winter Session will ;
comtT.cnc.e the Second Monday of -January next.
The qualifications of Mr. Wilkes are well
known, and are highly appreciated by all whp
M'e acquainted .'with them.
Tlie course cf Studies will be auch'as will pre
pare ivr any ot our Colleges.
rJ.)..Td in respectable tamihes is cheap, and 39
jrd is t..mud for health, nior-ihty nud j-norft
the Ttrustees feel confident tha ttiei.
socie
y will ciontiuue to receive Us tiereiofore,
A Cadet
a iiuerHi 11a
1:1 1
...'.11 nil E-rrTl',.T
Kri "1r Session, of 5 months, and for.
i iiitiini n in iui un ..iikti..
" e4iiio sa.
the Lahguagen
payat)le in auvance.
MES M.-WIlGIN8. secVy
Oxford, Nov.V."
14, 1832. ? 2m,
Tffjrte UBS CJil BE Rf)
V V w 111 WJIUJi
t tiieir
Entire Ar an'
SliASOAltLK, FANCY Al
DRY GOOD!
ItfllWlVAilE ASD CUT..
hats, lacks. ani cotton cA
Foolscap and Letter Paper, liluhk ifol
Spelling Books, &c. Sc.
PCow opening therS'oref corn r of Etchnng-e
Square ami I fiiUherough St reet wiiich tWej
t-ftVr n liberal terms, at WHOLESALE
clu-ively.
Their Stock havinc been selected with clire.
from the late Sales in Vew-York, they flatter
I ll n.a,.r.... 1. . . , . I :n.1.tiumbntr . m..lr.ii
' in. 'i-al T lllvjr V " Htliut lllinnf waftii'
it worthy the attention of drjlos generally.
Among their Stock wdl he found a
GENERAL AbSOIl I'M ENT OP ,
Supeitine lllne nd tl.ck. Broad Cloths
K i-ie) & and Salti'tells
Brown :nd Hi. ached Shectirijrjl 81 Shirtijijs
Sup. FW;v and Cpipmon Frhi'S K
lieit, Wime and Green P nnel
Poin', littfiJe ard iUoie dKnke;
Tickings i d Cheeks
! inestic Plai Is aiil Jtripes
Plain and F gured !fio6kMus1ir.s
PUin and V fiired C imhiic XIasUiTs
5-1 8t 6 4 J dkuntt Muslin V - -"'fl 1
Bobbinttt and Cotl u Liices
Iunstable ami Leghorn Kannets?v" ' ' i
Balls Cwtton Yafn,;&c&c. t "
T6ged.tr with a very great, tsrietjr of Artlelifl ,
too numerous to partiCuLiiiie in an adveriifw
nu.nt.1 ':t''" .f' '. J : v-
't
i
.1 . v.v I
.4:
m -