Newspapers / The Weekly Raleigh Register … / Feb. 5, 1838, edition 1 / Page 1
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pars are the plans of fair deliShtful peace, uuvrarp'd bj party rage, to lire ltRe brothers vot. xx -JIONAy, JEBUlTJLBlrtff, 1838. -. . ' I . ;;r;-' ; . -v.-: .'iIiW.Onri' are' the 'vldiii'of fair dAlf&iiffmrMw''nMM;M. iL-.-L -iA';tfW- 's-;':' "-; t '- '&--r '' '"K - t , , EDITORS AffD PkpJ'RIBTORS.'- . TEUMS,'; ' . . vtc ri ptiqr, three doll&rs pef annum one half rraJvance. ; ' " J . fX . ';; Persons resiJIng without th Ute.will be " Tequired to pay the' "Whoi. amount of the year's ; subscription in edyance. - . KATES OF ADVERTISING. For everj 1 6 lines' (this tizt type), firtt insertion one dollar ; each subsequent -insertion, 25 xents. . the poe, Mingv thHut aide, They : got away n a cluster, th Jewess making "a spurt" ; between the stand" and first gate that quite. aed Iter up, when Uadari'ns and Fiattfiter tocjup tit running, Mid', go and Sydney lying well up, the first under a hard I pull, c FiixJirig jUadmua disliked the pace, Willis ueia mn, p -aiier inc secnnu roue biiu . miugo headed the fiVld - with eae. ! Flatterer maintained ' his'striile to the end," running a very handsome secdud la Mingo, who, for a single three miles, can pull to the fastest horse in the country, and come home ahead Cadmus could not rua ia the mud and his friends did not expect rooeh from him, ' though he ran d .the jiexl.heat,. Flatterer having been witlnlrawn af:er a vertr creditable performance. Cnnrt OfilftDi siid Judicial 'Advertisement will l. k.w! 5i nir nitiWKr .nrl . U..HL.n (.' 8auftrd rode him in tip i;p style, and had Ae ear- of 33 per cent, will be made from the, regular rted iesib, uld ve flung the mud in the face prices, for advertisers by lhe!year y LsTTSfts to the- Editors must be post-paid. FLATTE1VER, (Wisner of the; Grand Duks Michakl BxAitEs at New Market, (England,) ' FIRST OcTOBElR MEETINO'OF 183i.) rpHIS splendid Engfish IUc4iore (the property 1 of Oapt. J. A. i. Bradford,'!!. 8. A.) wUf make his Crst season in America, under the direction of Flatterer did not start in the Fall nor succeeding Spring. He was purchased by W. L. Uorbin.Eaq., of Va. nd placed in the Stable of J. S. Corbin, Esq. of Fairfield, who furnishes the annexed account of t his promise tf In regard to the promise " Flatter er gave, while in training by me, of making a good race-horse, I can with sincerity, and, I think, truth, say, that it was decidedly ytattering. In. bis mile Irial he beat " Whig" (a very fast horse) several lengths; and exhibited very good symptoms at " the finish," of an ability-to run a long distance success fully. I witnessed a race on Long Island, last Spring twelve months, between him and several other veiy sharp nags, two mile heats, in which "Flatterer was a good deal over " the foot" of any of the'm. I con sidered him then a better hore than he showed for, as he had had but a joor chance to recover from the unusually long and rough voyage across the Atlan tic aihl the injudicious races he had been made to tun the Autumn previous, very recently alter his landing. Had his frog been sound when he went into training thi Fall, he would, undoubtedly, have the undersigned, at the Hon. Judge Strange s Myr tle Hill estate, three miles ' north of Fay etteviile, on lheoId RaJeigh road,pnd Jie letto marea atg50the J distinguishing and succeisful races in the season, $75 to insure; and Fifty Cents to the Groom the money tn be pnkl or secured to be paid, belore the mares are taken away. I The seasorr will commence on the 15th Februa ry, and end oh the 15th July. Extensive Clover and Grass Pastures provided for Mares, and sepa rate lots for such as may have young- foals, and mares well fed at thirty cents per day. Every care will le taken to guard against accidents, but the'un dersigned cannot be responsible for - any that may occur, nor for escapes. Coloured servants sent with . mares boarded gratis.' ' PIDIGREE. FLATTERERwasgot by Mniey (son of Orville and the famous Mare Eleanour) and is, therefore, balf brother of the celebrated imported Leviathun, of Tennessee, and of imported Margrave, winner of the Doncaster Sti, Jaeger in 1S32; his dam X31are, tred by Lord Egrcaiont in 1834, was' got by Mar mion, grandam Harpalice, by Gohanna, g. grandam Amazon hy Driver Fractious by -Mercury -Wood-jiccker Everlasting by Eclipse. ' ' ' Muley , the sire uf Flatterer, was the best bred son of Orville, the winner of the St. Leger, and a roost capital Stallion, having covered at as high as 52. Orville is the sire of E;:iliu. now covering at 50 gov 6., and grand sire of imported Priam, covering in j this country at $150, Plenipo, covering at 25 sova., i (all three winners of the .Derby,) imported Sarpe- i don. Oxygen, win net of the Qaks, imported Tranby, imported Merman, t$.C. "Muley is also the i re' of V'egpa, winuei of the Oaks, of Muley Moloch, im ported 1 .eviathanj-imported Margrave, &c. Muley is out of Eleanour, the best mare of her day, having won both the Derby and the Oaks. Eleanour (by . XV hisker, that iamous getter of the stout, sort, ) the grandam of imported Luzborough, whose get in this country ran last year with so much distinction, and is sister to Cresida, Priam's dam. ' ' Clare, Flatterer's dam, was out of Harpalice by" Gohanna, the best four mile horse of his day, and as a stalii,.n, equal to any of any age. Flatterer, like his sire Muley , who was said to be the largest boned, thorough bred in the kingdom, and to be equal to 20 stone, (280 lbs.) is, a horse of the , largest size, full, six :cen hands 'high, of immense power, large bone, great substance, pood action, long strije, sound constitution, and excellent tern per. His odour is fioe brown, without white. It will be seen that his pedigree runs back to the fa-, mouc old English Eclipse in an tremeiy short, aud as rich a line as could be desired. History aud Perfoniiancea. , Flatterer was bred by Mr. Newell, in 1831, and run in England, by Sir Mark .Wood. "He was im ported by Mr. Wadsworth, of Genesee, New York, by whom he was placed in the stable ot Robert L Stevens, Esq.near the Union Course ' Long Island, who trained and run him in this country. HJut pete fonnances, both in England and in this country, are creditable to his noble stock. His first appearance' in England was in his three year old form,(in 134) lor the renewal of the two thousand guinea stakes, at New Market, when he tan a capital second to Gleneoe, "who has been imported into this country at a high figure. The following is the record : . "SEW MARKET FIRST SPRING MEETING. Tuesday, April 29,1 834. ; Renewal of the 2000 Guinea Stakes, a subscrip tion of 100 so vs. each, half forfeit., For three year t old colts 8st 7lbs 119 lb and fillies 8st 41b 1161b K. M. 28 subs." i . . Lord Jersey Ts ch c Gleneoe, Rpbihson, 1 ir M. Wood's Vc Ftoltejerby Tkluley, V 2" Mr. Yates' ch c Bentlcy, V , 'J: ' 3 Mi; Mills' b c brother to Kate;-Lord Orford'a b "c Paris, by Waterloo but of Bosthuniai Lord tLqw tber's h c by Reveller, out of Trictrac; and Mr GuI ly's Viator also surted but were not placed ' On the 29ih of May following he started Jroj the Derby at Epsom won by Plenipo and was not pla ced. 123 subs 22 started three nlaced r At the New Market First October Meeting, he won the Urand Duke Michael Stakes, . ; , 'New Market, First October Meeting. ' Grand Duke Michael Stakes of 50 sots each.' For 3 yr old 8st 71b tll9lb & fiHies 8st 3Hll61b A T .Twenty-sEx subs ' . Sir Mark Wood's brc Flatterer by Muley 1 Mr Yates Vch cBentley ' 2 uute ot Uralton s ch e Olympic by Reveller 3 Lord Orfods be Paris by Waterloo 4 Mr Dick 5 Tlatterer Was now purchased br M r. Wadsworth ad shipped for America. After an unsuafly long passage, during toltich he never lay down he was landed t New Ynrk the latter part .-of July, ''-1835, nd was put in training .withdiit .the poasibility of Jreparation, but, notwithstanding, ran. two iury;cred JUble races, one of which, mile beats, he wop, JaUng two Eclipse colts and "a." filly . by the same Jotse. In the following Spring, h was 4 beaten by Mingo, three mile heats, mwiMne second to him, and beating Cadmus, by Etlie, ydney, by Sir paries and the Jewess, by Henry, in the first "eat, whe,, he was drawn. 74 cJf thi! race.'be New York Spirit of the. Times onta,ned tha follawing account .- "Cadmus had campaign. 1 would as soon breed from 1 latterer as any untried Stallion in the country. His blood is as pure as a horse's can be, and his family all run. He runs back very shortly to the English El lipse, & is a horse of Uncommon speed- himself and, I tbink of bottton too. His fine size should recommend him to breeders who may have small or slight mares. His action is remarkably good -indeed. I have given the Groom the requisite instructions, though from his good temper none v.-erc needed. His health and appetite are as good as can be. I turned him -out during the training on account of diseased frogs, made so from standing in a foul stable at the North. W. L. Corbin says of him, ' 1 am sure be will ful fil the promise expected of him in Carolina. " 'Mr. White, of Northampton county, who was desirous of procuring Flatterer to stand in that coun ty, says "I feel convinced that Flatterer would be : excellent Stock for .this section, as we have a large number of. Archie Hal, Tonson, and Luzhorough mares. Such material,, when built upon by such, bone as Flatterer's, would insure good produce.. Our Tonson's, Luzborough's and Hal's alt lack bone. Flatterer having a good share of size and bone, would "have added much to our Stock. Upon the whole I am much pleased with him. His rear parts I think first rate, and his countenance, to a man of soul, is daily br'ad." In a letter to the owner, dated New York, Sept. 25th, 1837, W. L. Corbin remarks,." Before touch ing on your proposition, I will remark for your edi fication aud lienefit, what ft 11 fiom the lips of a no table fancy cr of the blood of noble breads 'this, moriiing. Mr. Iioardman, of Alabama, now here, chanced to be at Newmarket, Engbnd, when ' Flat terer" ran, and says he' gave great promise, and stood high in the Sporting circles, as does all his Stock." Flatter, r is yet untried as a Stallion but as all his Stockjh this country have, established a' high reputation as sure foal-getters, it is expected he will maintain it. - The iimiersigned repeats the assurance that the strictest and most careful attention will be paid to mares sent to Flatterer, and pledges himself to de liver them jn good order and condition when taken away. Aud he will remark' for the iuSbrtnation of breeders, who may be desirous of obtaining a coss of as n..ble blood as ever coursed the veins of the horse, that, as advantageous -offers have Veen made for his services in the race-horse region, this will be the only Season he can make here. MOSES BRANCH. January 29th. 1838. ) 13 4t Sunday . School Union, fltHE following testimony in favor of the pub'ioa " I. tions of the American Sunday School ' Union, is from the pen of W. M'PukKTttts, D. D. of Raleigh. ; "To the Rev. J B Ballard, Superintending Agent of the American Sunday School Union for the State of North Carolina. R . aud Dear Sin:- Being acquainted to some extent, with the Books published by the A. S S. U., I feel no hesitation in saying, that they are highly deserving of public attention and patronage. Tbe pure, and liberal spirit which they breathetheir freedom from sectarism proselytism, and. all poli tical interference - tbeir instructive lessons their captivating 'Stories their interesting biographies arid memoirs and their evangelical piety, all coh spire lo recommend them to an enlightened commu nity, and to Christians of all denominations. The establishment of Sunday School Deposito ries, the distribution of the books of the S. 8. U. a roong Common, Schools, and the consequent taste for reading which they usually inspire, cannot bat be eminently conducive to the morals, piety .and mental improvement of the rising generation., A small Library of Sunday. School Books, adap ted to different ages and capacities, would be a valu able acquisition to any family; and such a Library muht be purchased at a very moderate price. 'With sincere wishes that much' success ..may at tend your agency, . . . " .- I am, Rey, and Dear Sir. ; . ';..'' .- -'-, ; Yours, , &c. 1 ' WM. MePHEETERS. - ' ' ' 1 1 I & ' ' .I''- The poblicatibiMi of the American Sunday School Union, are kept constariUy fa eale at he Allowing Depositories t., "1 .;'4.? . ' Primrose &r Holland, ; ' Jas' Miliar," t - . c ' Geo. R. Frrncii, nJ : Jar. STEVENsol, Virginia StatqSotiety F r the benefit of the Mjnong?-tli:Ae.deinr'. -' Class No.-1, ti,r 18iil5. To be drawn Mt AlexaiaUia. V. on the 3d 1 Febiuarj', 18:18 M oranovcapital prizes. lOO Prizes of l,OOCH 4-c. $rc. Ti keis flO llasves $5 Quartria $2 c0. Certificate? of packages o25 Whole tickets 130 Do. do 25 Half do 65 Do- I do 25 Quarter do 32 j VIRGINIA ST-aT LOTTEIi Fortnc bt-nctii ot he Town 01 Wuc ing. CLASS NO. 1, FUH 1838. To be drawn at Alexandria, Vs. on Saturday, Feb. 10, 1838. SPLKM)I1 SCHEME. $30,000- 10,000 $6,000- $5000 $4,X)0 l 500 $.'.0.0 $1,747$, 25 Prizes of $1,000 25 Prizes of $500!! 28 Prizes of $300, &c. fec. &c. . Tickets $10 11 live $v Q tarirr $a 50. Certificates' of packages of 25 Whole Tickets 130 Do tto 25Hilf do 65 Do do 25 Quarter do 3 $ STATEOF VIRGINIA RICHMOND ACADEMY IiOTTEK. CLASS 1, FOIt 1838. To be drawn at Alevmdri, V. on S.turclar, Ftb. 17, 183S. MOST SPLENDID PUIZES. 1 LViXe, of 840,000 1- do 10,000 Dollars 1 do 6,000 Dollars 1 do 5,000 Dollars $3,000 $2,500 $1,940 50 PRIZES OF 81,000! Ac. &cv Tiokkts 810 Halves S3 Quarts Certijt rates of packages of 2S Whole Tickets $130 Do do 35 Half do 65 do 25 Quarter do 3?$ - (fjr Orders for Tickets and Sh-ri:, or Ceiti ficateswf packjf s in ihe above M pnitictnt chmes, will rrciveihe nn.st prompt atten tion, unil an official account of each Druwing sent immediately after it i qvl-r, t kll who or der from ns. Address D. S. (iUEGOIiY 8t Co. Managers, 13 Washington City, D. C. STATE OF NORTH CAROLINA Wake County, -Court off Equity, ' FallTerm 1837. Sarah Carpenter -j vs Bill of Jas. Penn'tnKton'ard Wm. f Injunction. aT appeKriotr to the s .tislaCion of the Court, thtt Wm D iiiii'l is not an inhabitant this State: It i therefore rderel, that publi ation be made ill the Knleigh RrgiMcr, fo1- sx suc cessive weeks, tlm't he tie and appear at tbe next term ol this Court, to be held for the .County of Wake, at tue Cour' lions in ti.e City of Uileijh, on Hie first Monday after the fourth Monday of March next, then and thtretn plead, answer, or demur to std biil of comprint ot Sarah CVrpenter Otherwise, the ame will be taken as cnf sscd and heard ex parte as to him. Witness, George W. llauool. Clerk and' Ms er of aid Court in Equ ty, ;.t tffice in Ita-. letgb, the fits M iUy altjr the fourth Monday of September A. D. 1837, and in the 62d ye-ir of Amercaii Independem e. 13 G. W. HAYWOOD, CM. E. SliEMtlFJF'S SAMsE. I shall sell at the Court House in Lumber ton on the 4th Monday of February next, so much of each of the following Tracts of Land as will bs sufficient to satisfy the Taxes due thereon for 1836 together with costs and charges of advertisement, viz TAX. A Tract of 1750 acres on Lumber River, adjoining McNeill and others, listed by Neill L. Wilkinson, Administrator of John P. Little, $3,05 1050 Do on Lumber River adjoining . Watson and others, listed by Thomas Lowrie, Administrator of Jas. Lowne, 2,52 750 Uo on Ash pole adjoining Bullock & others, listed by Elizabeth Bullock for 1834 & 35, 6,26 138& Do6 00 Buck Horn adjoining Coun cil, listed by Jane Yaies, 1G 300 Do pn Middle Swamp adjoining Mc Bryde and others, listed by Duncan McDougald for 1835 & 36, 4,96 175 Do on Bear Swamp adjoining Smith and others, listed by R. Bullard Lock lier, 89 150 Do on Holly Swamp and Raft Swamp, adjoining Biggs, listed bv John Willis for 1834 & 35. not lisUd for 1836. 72 250 Do on Jackson Swamp adjoining Kenlaw and others, listed by Simon Burney for 1835 & not listed for 1836, 61 100 Do on Ten Mile Swamp adjoining Bell and others, listed by Eleaha Ham monds for 1835 fc 36, , 1,48 35.0 Do on Flower's Swamp adjoining Griffin and others; listed by John Her- nng, 85. Jas. Webb, Sally Patrick, Wm. D. Linpsey, Conrad Kruier, Thomas Sparrow Uavid Parks, Raleigfc --Fcwetteville, Hwrnington, Newbern, BUUborough, Milton, Greensboro , " Salem? , Salisbury, Charlotte. And also, in StatesviUe, Morganton, Ahville and by Turner & Hughes, Raleigh. Will the Editors in this State, favourable to the Education of youth, give the above'a ?few in sertions! j:b. b. Jan. 17, 1838, J2 150 Do on Hog Swamp adjoining Purvis and others, listed by W illiam Pitman i for 1834, 35 & 36, -2,49 100 Do on Ash pole adjoining Hunt and others, listed by Kenlaw Hunt for 1834 &. 35, Jtot fisted for 1836, 2,20 225 Do on Horse Neck adjoining M'Mil- - Ian. listed by Malcom McMillan for . 1834&35,notristedvfof.l8:J6, 1,20; .150 Do on Buck Horn adjoining McMil lan and others, listed by Daniel Black, 36 THE FOLLOWING TRACTS ARE UNLISTED, VIZ: 65 Do on Little's Marsh adjoining Beth one, supposed to belong to Thomas Coaucit, ' 24 . 42 Do on Stage road near St. Paul's ad joining Davis and others, the property of Charles-B. Jones,' 20 42 Do on Stage road near the above, ad joining Davis and others, the property , of Charles B. Jones, ... 20 r "42 Do on tb Stage road near 8t, Paul's adjorning Davis and others, the pro- -.-petty of tbe Heirs of John W. Coun cil; ! ' - - 20 ' 250 Do on Shoe. Heel Swamp adjoining Melnnis. the property of John M'Ray,. 10 50 Pov on Lumber River adjoining WaU L son and others, owner unknown, ; 24 Terms Cash. ' 7. ' ' NEDLL MeALPIN, Sheriff! Robeson Co., Jan, 101838.- $14 1 ta. PROCEKDINGS OF THE STOCKHOLDERS OF THE -At a General Meeting, of the Stockholders of the Raleigh and Gaston Rail-Road Company, held at th j Banking-house of the State Bank, on Monday, the 22d of January, 1838, on motion of D. Cameron, Esq. John D. Hawkins, Esq. was' called to the" G hair, and E. B. Freeman appointed Secretary Upon-its being appertained that a majority of the Stock was represented, the Meeting proceeded to business. The Report of the President and Directors, together with that of the Chief Engineer, were submitted, and, on motion of C has. F. Osborne, Esq. ordered, to be received and printed, with the accompanying documents, under the direction of the President and Directors. The folio wing Resolutions were offered by C. F. Os borne,. Esq. Resolved, That the President and Directors be instructed to receive such subscriptions of Stock in the Raleigh ami Gatton Rail-Road Com pany, as may be oflcred provided such subscriptions do not in alt exceed one million 'of dollars , . 2. Hesolced, That in the event of the whole amount of the Capital not being subscribed, the President and Directors be authotized to negotiate a loan for the deficiency, (convertible or otherwise, as they may think pro per. ' on auch terms as they may-deem most advantageous to the interest of the Stockholders ; and that they b further empowered to pledge the dropcrty of the Company for the guaranty of said loan, and the payment of its interest, and to employ suitable agents. ? 3 Resolved, That the proceedings of the President and Directors,, in letting out the iieinainder of the Road to Raleigh.is unanimously ap proved, and that they be desired to prosecute the w rk as rapidly as pos sible, consistently with its durability and the interests of the Stockholders- 4. 'Reioivedl That the President and Directors be requested to apply to the next Session of the Legislature of North-Carolina, for an increase of the Capital Sjkock of the Company, to the amount of one million and a half of dollars, and for such other aid as they may deem most consistent with the interests of the Stockholders. 5. Resolved, as the opinion of the Stockholders, that it is of the greatest importance to tbe success of this work, that the Road should be extended to Columbia, South-Carolina, and that ihey will uso their utmost effort to insure its extension to the South-Carolina line. 6. Renolvcd. Thathe Report of the Committee appointed to examine the accounts and vouchers of the Pretsident.be approved and adopted, and that he be directed to balance tbe Books, pursuant to the recommenda tions of 6a id Committee. 7. Resolved, Tt.at in future the Annual Meeting of the Stockholders be held on the first Monday in June in each and every year. Which were unanimously adopted. The Meeting then proceeded, on motion of Mr. Osborne, to the election of a President and five Directors. Wm. Boylan and Samuel S. Downey were t 11 ' paiiottng. The Committee reported that elected: Geo. W. Mordecai, President ; Duncan Cameron, . Wm. Boylan, Joseph W. Hawkins, Chas. Manly and Thos. P. Devereux, Directors. On motion of Duncan Cameron, Esq. a Committee con sisting of Wm. Robards, Wm. Peace, and Alfred Jones, or a majority of them, was appointed to examine the accounts of the President, and report to the next Annual Meeting. On motion of Mr. Garnett the following Resolution was adopted : ' - That we feel a lively interest in establishing a communication by Rail Road with the West, and iniie the co-operation of our fellow-citizens of Salisbury and the adjacent country, in procuring a Charter from thu Legislature, for that purpose. The Meeting then adjourned. pointed to superintend the the following persons were REPORT OF THE PRESIDENT. In submitting to the Stockholders the following Report of their proceedings since theN last Annual Meeting, the Presi- -dent and Directors- deem it not amiss, briefly to advert to tlie state of affairs and the condition of the work at that"time : It will be seen on reference to the Report then made, that the Road had been located as far as Tar River, and the greater part placed under contract From the severity of the winter, but little work had then been done. As soon, however, as the Spring opened, the work was vigorously prosecuted, and we have the satisfaction of stating, that, with a single excep tion, the contractors have thus far complied with, their en gagements. The, grading of 48 miles of the Road is now completed, with the exception of a few hundred yards, and the work executed in a manner highly creditable to the con tractors and the Engineers entrusted with its supervision.- The soil is - admirably-adapted to the construction of a lRail Road; and the cuts are generally free from water. The banks on the first nine miles of the Road, from Gaston to Littleton, having been thrown up a sufficient time to become firm, it was thought advisable to lay down the superstructure on this sec tion at once ; so, that it is now ready for use as soon as the Bridge across the! Roanoke shall be completed. On the re maininff 38 miles, the timber has all been delivered and dressed, ready to be laid down as soon as the embankments shall have become sufficiently settled, from exposure to the Winter's frost. ' . The Bridge at Gaston, which had just been commenced at the last Meeting, is now completed within a span and a half, and would have been ready for the cars on the first of Janu ary, but for our disappointment in receiving timber which had been contracted for and procured on the lower Roanbke ; but owing to the low water in. the River; aud the difficulty in Ob taining means of transportation, it could not be brought up in time, notwithstanding every effort to do so. This difficulty is now removed, and. the Bridge will bo speedily completed. The Iron which was' ordered, has all arrived, and is . ready to be laid ; and we see ho reason why the whole 48 miles should riot be ready for transportation by the first of June, though experience has made us somewhat cautious in giving any pledges to the public on this subject. 1 , : On the Road between Roanoke and Tar River, there are five Depots,viz:-at Idtdeton ; at Brown's, five miles north of Warrenton ; at Lambkin's, opposite Warrenton ; at'Twitty's, and at. Henderson, about three miles south f the Chalk Level ; all of which, with: the water stationiarid wood houses', are nearly finished, , . ' - The Land damages have; with one or two exceptions, been liquidated in ther.counhes ofWarren and Gran vrlle ; but m work, will then cease their opposition. In Frankfin- aiid Wake, steps will be taken at the ensuing Courts to condemn the lands of those with whom: we cannot feffect compromises. ; The line from Tar River to. Raleigh Ihas beeirto After crossing the River -below Chavis Fo'it runshy . Presley Person's, near Winston &, Kearney's StoW, crosses Cedar Creek and the two Brandies, runs through Watfe for est, along by the Baptist Institute and Alston's Stofe crosses Neuse River,; near Wm. B Dunn's, ! thence by Robert, Jef- freys', crosses) Crabtree about 250 yards below Jones Bridge,' .'" thence crossing the Stage Road at the Pigeon House, it 'enterar ' Raleigh in the rear of Thomas P. Devereux's, and terminates - at Halifax Street, in the ravine between. Mr. Devereux's and the Eagle HoleL For a more, particular and minute descrip tion of this location, we beg to refer.to the detailed Report of the Chief Engineer, which accompanies this. , Believing that the interest of the" Stockholders would' be greatly promoted i by the speedy completion of the Hoad to Raleigh, and finding that contracts could be made on more favorable terms at that time than any subsequent period, immediately on the eoinple tion of the grading on the first division it wss determipiffd. to go on with the work. The whole'line to Raleigh is now tin der contract, and the contractors have, com menced operations. This course will, Ave hope, meet the unanimous approbation of the Stockholders. , , t , It was never contemplated or expected by any oneSac- quainted with the work, that the sum originally subscribed would be sufficient to complete this undertaking; and it is1 ? new evident, that the whole Capital of one million will be in sufficient for that purpose. It will be necessary, therefore for the Stockholders, at the present meeting, to adopt some . measure for the increase of the Capital, tocnable us to comply with our contracts. . - As the scheme would be incomplete were we now to stop short, and the (value of the Stock ' be thereby iriaterially affected, we cannot doubt that they will adopt any practicable i plaii which can be devised for raising Uae means of carrying on the work. To effect this, three modes have suggested themselves B" the terms of our Charter, the original sub scribers are first entitled to take the residue of Stock "unsub scribed. The first plan then would be, to offer to apportion the remaining Stock among the present solvent Stockholders, ;, according to the amount already held by them. This would, in some instances, operate.unjustly and oppressively, as many may have made jas large investments in the first instance as their means would enable them to do ; besides, we think this '4 could only be done by the unanimous vote and consent of the. Stockholders, and it is on that account further objectionable," . as it would be difficult, if not impracticable, to obtain this. To comply, however, with the provisions of our Charter,, the offer can be made to the respective Stockholders, who can then accept or reject it at their option. -' ' . The next and most obvious iplan, is to - re-open Books of Subscription for; filling upthe amount unsubscribed. Had the , condition of tlie country continued as prosperous and ffour isjhing, and ihe facUities for . obtaining money as great, as at the commencement cf this work, we might calculate with certainty upon the success of "this measure, and that the same anxiety to possess our Stock, which characterized our first movements, would be again manifested ; for nothing has oc curred to diminish our confidence ' in the ultimate success of the undertaking. But owing to the sudden. and unfortunate revulsion which has taken place in the pecuniary affairs of the country (from causes unnecessary to be here alluded to,) btocks of every description have undergone a, very considera ble decline ; and, from the dificulty of procuring money ,: are no longer sought for with the same avidity as formerly. Our ' largest capitalists find it inconvenient to meet their existing ' engagements, and those having the-command of money have " so many opportunities of making invesrnithts affording im mediate and exorbitant profits, that but few can be found to t4ke Stock in ' incorporated Companies, howeyer; flattering their prospects may be. From these causes we apprehend -rjere may become difficulty in obtaining subscriptions for the whole remaining Stock. This can", however; be attempt- t id, ana in tne event ol its not succeeding, it. is tnen recom, 3 ended to the Stockholders to vest the Board of Directors ith authority tor make a convertible loan or loans, tQ the a mount athe residue of the Capital" Stock, and. to pledge the property of the" Company for. the payment thereof.. This, plan, if sanctioned by the Stockholders, is believed fo ha more practicable than either of the others ;. forj while the scarcity of moneyis so great in the United States, it appears -to be abundant in England, and Capitalists there are seeking investments iar less prohtabie than this would beAs soon .' as confidence in American credit shalf be restored; which :wo' " ' are pleased to say is daily increasing Jand a sufficient portion of our Road shall be in operation to afford a guarranty for the loan and the payment of! its interest, we have every assurance that it can he effected there,, if not in this country, and vr& are confirmed in this belief hy our knowledge of the fact, ihzt " several Rail-Road Companies in the United States have al ready negotiated loans in England to a considerable amount, none of them giving better seciirity than we can offer. ,t We . would, therefore, recommend that the President aiid Directors be instructedin the first place, to receive ajdditional subscript tions for StOek to. ah amount, not exceeding In all Tone million 4 6f dollars ; and, in the event of the whole not being subscnb ed, that they be authorised to negotiate loans M)nvertibler'or otherwise, as they may think: proper, , for soph sum; as may: be required to increase, the whole capital of the Company' to.f . one million of Dollars; and, for that purpose that thehe--empowered to employ suitable Agents. The interest of thet -V Stockholders, regarding' them merely .as.. such, .the.benefiypjv'l the country and the whole success of the work demand its ex " tension, and we are therefore satisfied that- the StockhbWew will adopt any means in their power to A line of Coaches commenced rtOixii&ptetW&fr and Fayetteville during the last spring; and, "although the : change of times has caused a considerable reduction in the nurnV 'f ber of travellers, it has received a : fair proportion of public : . . patronage. From the experience gained from this, we -are ' . satisfied that the want jf facilities is the only obstacle to the ; , diversion of the greater part of the southern travel along this route;- These will be greatly increased by the complett pfi our Road to Raleigh, and if two good lines of Ckjaches-shall -i. then be established, the one Reading South to Colombia and "' Angusta, and the 5thef,Westwardly to Salisbury, there to con, nect with the Tennessee' and Piedmont lines, we have little . ' doubt that the principal part of the'5"' Southern hd Wesiem':Kv -travel wilTfindits way to this Road. It may not be irrelevant i f oijmproper nere, to araw a comparison .-neiwecu v f HaUfax, though proceedings have; been instituted, the dttft- rtrateWeri routes fr ttidtSottai ttww culty ot procuring sujiaoie commissioners to act, rt: ; w w;"'w. uvv h nefivfinted their beinff adiusted. This has been increased, . by 4 M -mr -r 7 J . it -'-rr- ' v the omission in our Charter to provide compensation for the 1 services of the 1 Commissioners. We hope, however, tney will soon be settled; and that those who, for the purpose of enhancing their damages, have pretended such hostility to this TafeihMatedffevillei .Geo.; as-the starting pointy the distanon sfrom that'place to altimore by the Piedmont, Ihe most di "rect route, is 692. milesthe whole of whichjjoijrney, as fa? as Potomac Creek, is performed in CoacheS,SThe distance from Milledgeville, via Augusta, Columbia,; Fayetteyille, r- -a. 1 -r. - ' ' - T- A,
The Weekly Raleigh Register (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 5, 1838, edition 1
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