Newspapers / The Flag of the … / Nov. 27, 1860, edition 1 / Page 1
Part of The Flag of the South (Wilson, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
Ttr' '5. ." 1 f . 'i A. 4 "v. .: i - ' . - . TD hi .i .. : 1 T" " J& GORMAN, lultUKS AND PR0P&IKT0R8. Terms of Subscription : ItfCLE ICOPT, In advanee, ... ... 00 " "i tf Plt tn six months M l if not wild in 14 months 51 tUl "THE UNION MUST IT BE PRESERVED?" T 1 t smiirTlaii- 4 Job v7bT" 1 m mt I .t H - - - - mLa ' .VOS Or FIVt. In sdvsiicA.. T M TKX, nuot m y, If in 1 tm 1S atefe ' Ut.' M WT" WIV tVratan. ruklm. FMnAlrta. Cm.. Th rsH must ccomTny all orders furcluU. VOL. III. WILSON, NOIITH CAROLINA," TUESDAY, NOVEMBER 27, 1860. NO. 31. ilada, Bteka raw AmtHia IWl! aaMi . IW Mom-y, If malloOln th presence of s port- kutrt, may Ut sent at onr risk. Ink pnmm4 tm tW Ul atytB. GtrtaaatrtaL w - w ' . ' 1 5 PROFESSIONAL CARDS. " Dr. B. G. Barham, f UADUATE of Jefferson Medical Col. - XI legs, lliilodVlifcli, and Eclectic Medi- cal Institute, Cincinnati, liesides attending to the regular dutios of his prafosmon, will I -gl v especial attention to the treatment of dis- T Iteculiar to fnrnalfi. Hheumaf.iftm ml Chrome Diseases goBcrally. . fjf Office at Jr. Sw-ift's, Wilson. . , , ,1 Dr. 'Alexander D. Moore, Formerly of Chapel IIilt HAV15Q permanently located In Wilson, Offers his professional services to its citizens and the hnrronndlng country. With an experience of thirteen years iu the prac tice of medicine, those who may desire his service may confidently rely on hi utmost skill and attention. -- y (Ulice (formerly occupied by Dr. Minims. ) oii-por above II, Itountree 4 Co.'s Store,. wl The may be found, during the 'day, wheffmt professionally engaged. At niht, at his room, at the residence of Dr. buth. . AiiOit 14, i860. H - Dr. J. G. Thomas, -TR.CrriC'IN( PHYSICIAN, Wilson,' N. 1 r With flva wars' experience in the offetufnl practir ofmediciwc, hia fkill may b reliod on with safety. j-jy-Office at the Drug Store, in the soc oa story. 1 tJ-18 Dr. John Howard, OFFEUS liis proftxNional services to the citiVna of Wilson and vicinity. fi"()tUce, one door below Henry Oettin per's Clothing Store, (formerly occupied by Dr. Cotten, deed.,) where ho may always be - found when not professionally engaged. ; Atagust ll,180O. ; j , . ! B. B. Barnes, . ATTORNEY AND COUNSELOR AT iV LAW, Wils9n, N. C. Cibcvit; 'Wayne, Nah, Edgecombe, Pitt, (Ireene and Wilson. Jtffirtnrfn : Hon. U. M. Pearson, LL. 4'., Richmond Hill, N. C; Dr. 15. C. Watson, New York City; Hon. D. I Swain, LL. D., Chanel Hill. N. C. ; J. II. Flanncr. Esq., Wil- nuiii;ton, N. C; 3Iessr Stevcftson, Weddell. V, I'etcrHburg. Va.'; R. R. IJridgers, Esq., iMiro', N. CL; iissrs. Odom t Clements, Tarl Norfolk, Wo N, Va. ; Hon. i Uomns Itumn, uolas C. Drs. B. & L. A. Stith, 1RACTICINO PHYSICIANS, Wilton, Offer their services to the cit.iz, of H'iKon. and vicinity. J ' , fJT" OfHr, opposite Mrs..' Morse's Millin-, rry estahlishihent. Tley may be found at night, when not professionally engaged, at their rooms in the Wilson 'HAitsc. 20 II. IICOI'Ktt, Of ThilAdrL Den Lil ( ollrg. T. K. TIIOMPB0JJ, Of B:ilto. Ih-nUl CVH-x? V Hooper & Thompson, O URfJ EON DENTISTS, ViUa,N. C. Hn, ' ting associiiited themselves in the prac- tjee of their profession, tender their services to the citizens of Wilson and surrounding .country. j ' ' tlT Office one door below M. Rountree it Co's Store. J. S. Barnes. A TTOUNEV AND rOCNSElrtlt AT l. LAW. Wilsaii. JS, C, yil attend the t'uurU of H'ilson, Edfti-uiiibe, lH, Orecnc, Wayne 'aul Nanlf Prompt attention f ivrn to U eoltectioH of all claims placed in ; hand for collection. , - , 1 J. W. Lancaster, ClOrNSELLOK AND ATTORNEY AT J LAW, Wii.sox. N. C. Will hereafter regularly attend the County and Superior Court of Nash, Wilson, Wayne and Jvhnston Counties. Office on Tarboro' Street. August 21 vt, 18B(j. ' - 3m, James S-Woodard,1 ATTORNEY AND COUNSELOR ' AT LA W, W iison, N. , C. W ill aUend the 4'ounty and Superior Courts of 1 H'ayne, Crtsne, Pitt, Edgeeumbo and W ilson Coun ties. T William H. Bunn, V VTTORNEY AND COUNSELOR AT LAW. Wilson. N. C. Ciacmr: H'il son, Nash, Wayne.l'itt, and Johnston counties. A. Barnes, 4 TTOUNEY AND COUNSELOR AT : . J V I. A W, Wilson. N. C, CiactiT : Wayne, Nili, Edgecombe, Wilson. George W.1 BloumV VTTORNEY AT LA H. NASHVILLE, X. V, Cihcvit: Nnsh, Wilson, Edc- ". T. ClRCVIT Franklin. cuuihe, E. Prentiss Tueke, 1 .Civil . i Engineer ami-! Siirvevor. natruction given rii the use of the Compas, Transit, Thpodolitc, and Level. ' . Wilson, N"; C. LUCAS. & G. J. MOORE, f;oi.i)siiono, n. r. -AVIioloMitlo mid liotail 5 DEALERS IN" Drugs, Medicines, Chemical, Ferfwrnery, Fine Toilet Soaps, Fancy Articles "I urning Fluid.Tnuaws and shoulder Braces -J) .Class, 'Putty. Paints Oils. Varnishes. Dye stuffs, Maim&ctnred Tobacco, Snuff and Cigars. Suricl and Dental Instruments, Crass and Oirden seed, and Patent Medi cines. ; - . . . PliVMcun.' presciptions carefully com jiountVd, and all onlcrs correctly answered. Alii niedieliios warranted g'nuine, and of the Vent quality. i " 's 3Iarch2l,lstiO. V . 2 tf. WILLIAM BOG ART, OOLDBBORO', N, O, "IVTILL furnish deigns, with full prac It tieal working drawings, t'jiunciiEs. r untie nuiLDisas, , r jfAXSioxs. j VILLAS. ' i ' j STOKES. ) COTTAGES, 4, 'r9fm Office, southeast corner or John anu rc HtreU, ueor the Norwal College, Golda', School Advertisements. THE WILSON SCHOOLS. WILSON FEMALE SEMINARY, AND WILSON CLASSICAL AND Scientific Gymnasium. Mr Ai Mrs. Richardson, Principals. BOAIM) OF DIRECTORS. Gear. JOSJlUA BASNET, Bra. of the Board EDMUND MOORE, Esq. LA 11 A D. FARMEP.-Eb(J., Col. ROBERT BYNUM, .Verrfary. . WILLIAM BARNES, Jr., Esq., RICHARD BLOUNT, Esq,. BOARD OF TISITOR8. Jcdoe ASA BIGGS, " . W. W. UOLDEN, Esq., II. W. MILLER, Esq., THOS. i. WHEAT D. D. BOAED OF INSTRUCTION. I. 8. RICHARDSON, A. M., Professor of Bellcs-Lettres and Ancient Lan ' - guages. Professor of Higher Mathematics and Sur veying. J. U. WILLIAMS, Preparatory Department. - i SEMINARY. MRS. M. C. RICHARDSON, Fine Arts and Bellcs-Lettres. MISS 'LUCY HUCIUNSON, Fine Arts, v MISS, MARION POWERS, Mathematics and Higher English. MRS. 9f ALWI NE SPEER8, (Berlin, Prussia,) - Department' of Music and German. Mademoiselle SOPHIE MARINDIN, French, Music and Calisthenics. DR. T. S. LAMBERT, Lecturer before both Schools, on Physiology and Anatomy. . . ! THE MISSES BOWERS, "" - r- Assistant i Pupils. MISS EMMA ALFORD, , :; Domestic Department. 4. B. -WILLIAMS, Financial Agent. . TT IS DESIGNED BY THE FOUNDERS J. of The Wilson Schools, to furnish to the youti of both sexes in the State and out of it, thjc best AciLfTUis for a comprehensive; tho rough and practical education. For the accompi'i?hment of this worthy 'end, tjic Charter of the Schools authorizes the investment of $50,000 ; more than one third of this amount has. already been de voted to the erection of elegant College Buildings; supplying tlneru with appropriate furniture, bath rooms, warm7" and cold water, and everything necessary to secure comfort and order. These schools are Non-Sectarian, in theory and practice. Schools on such a basis are believed to be the imperative want of the times. To exhibit their position clearly, and correct the report which has obtained to -a considerable, extent, that tliey are Sec tarian, and belong to the Primitive Baptist Order, wo subjoin the following from Section - ptu of the charter, to wit : "these Schools shall never be Denominational or Sectarian that is, the peculiar tenets which distin guish ono denomination of christians from another, shall never be taught in them, nor shall the religious faith of any student ever be interfered with." The "first and great" regulation of The Wilson Schools, c-n which "hangs alt the law,"ani on the strict observance ofwhich, they have acquired a most enviable reputa tion at; home aijd abroad, "requires every student to do his duty." Nothing else gives claim to membership. Habits of idleness, extravagance and insubordination, cannot be fostered here, lioys who are not brave ! enougli to do their duty, are not wanted, Girls, w hose highest amti,tion it is to be edu cated to a fashionable "ornamental idleness;' are not desired. : . . . The sessions correspond with those of the University, and commence about the middle of January and July in each year, continuing twenty weeks. . This arrangement, while it suits this the central portion, of the State, admirably adapts itself to the wants of the eople of the Eastern counties, who wish to patronize schools nearer home, and escape the dangers of acclimation west, and in other States. Wilson has been selected as the site of these Schools, on account of its unparalleled healthfuluess, accessibility, and central posi tion. I It Is situated at the terminus of the Green ville Plank Road, immediately, on the Wil mington and Jleidon Railroad, 108 aiiles from H'ilmihgton, 54 from Weldon,- and 24 miles from Goldsboro', the point of intersec-; tion of the Central Roadj and is the highest point tf ground on the rond.v ' Board from $8 to $10 per month. Tuition from "10 to ftO per session, accord ing to dcgne of advancement. Circulars, containing Odl information, sent on applica tion. . t I r 27 tf. VALUABLE TOWN PROPERTY F 0 It SALE. ESIROUS of removing to my planta tion, I wish to dispose of all my town property, consisting ot a one-acre lot, on hich is situated a 1 , ,'J Large ; anil Commodious : Dwelling, containing eight large rooms, together with kitchen and other out-houses necessary to a first class resiaence. ine houses on the premises are all nearly new,' and the dwel ling is built in a very substantial manner, and according to the most approved plan of architecture. The premises are situated m a -very .desi rable part of the town of Wilson, near the Metnomst unurcu. wj ui w-ur iftVrent schools, and in close proximity to th business nart of the town, ll is one oi the most desirable residences in the place- Persons wishing to buy. can call on me on the premises, and 1 will taKe pleasure, in Blowing tnem arouna. Terms low ana easy. In the tame neighborhood. I have also a six acre lot enclosed, containing a good w- ble. which I will sell very low. Wilson, Oct. 24. 27 tf NOTICE. Indebted to k IT. the firro of A. Rountree, Sauls A Co., are he?eby no tified to makejmyuient to A.liarnes. Esq., as he has all our claims in hatid for collection. ROUNTREJS, SAUJS k CO. Xr&Aa, Brpa 5b, 1 , i ' J. .. : ' " -: Petersburg Advertisements. 1860. FALL 1860. Stevenson, Weddell & Co., IMPORTERS AND JOBBERS "' !-- ' " ' '- or t STAPLE AND FAN CX IDry Nos.78 and 80 Stcamori Street, . Petersburg, Prints and Dress Goods, ENGLISH, FRENCH AND AMERICAN, In large stock and great variety. PLANTATION GOODS . IN LARGE ASSORTMENT Also a full linfe of Mot ions Together with every class and ' description of Goods to be found Jn Wholesale Houses, North or : . - South. - :V-i : The Trade of Virginia, North Carolina arid Tennessee, is invited to an ex amination of the Goods NOW IN STORE. ; Weekly additions will be made during the season.' ORDERS PROMPTLY EXECUTED. Sept 4, 1860. 25 tf BRANCH T. HURT , Grocer and General Comroission Merchant,1 T7" EEPS cohstantly on hand a largo and IV well assorted stock of Groceries, partic ularly adaptejl to the wants of the farming community. (Also the best Peruvian Guano, all of which are .bought with cash, and will be sohl upon the most favorable terms, both as to time and price. v I Consignments of prodnce are solicited, un der the belief and. promise that, the experi ence of 3ji years, will enable him to make prompt and satisfactory returns. Mr. Blake Pittman, will give his personal attention to any business from his acquaintances. Petersburg, Feb. 23, I860. ' 50 tfr Norfolk Advertisements. ! Hyman, iDancy Co, Commission Merchants, I Norfolk, Va.: The New York IIousc will be conducted by Jno. S. Daiicv. aided bv R. W. llvman. h The Norfolk House .wi.ll be conducted by Jno. II. Ilynian add F. M: Hyruan. ' I Particular attention, given to. the sale of Cottou. Corn Wheat, Naval ".torts. & c ., A e . ' Sept. 12th, 1SG0. 26 tf. A. B. VBqtHiKT. Ai B. SIMMONS. T. UBNSaKBBBT. P. HENNEBEBEY & CO., General , CVmmission Merchants, . - i . " REFERENCES : L, 8. Webb. Caihir. Windsor. X. C. : Lowi. Thompson, Hotel, N. .'. : Augt Holler. Mill Ijindinc, . I .; w Qeaix-a dc uieunson, liamiuor. ; uuua u. William New York: Cotton Factors. Nnval Stores, sad .11 kiads of pro duce, will bare their personal attention ! Cash adranc. made ou receipt oi cotton, c Nov, 1A 1 1 2 If- WM. T. WALKK. , F. A. WaLKK, M. O, W. II. GOODWIN". f WALKE Sc CO,, j IMPORTERS & JOBBERS OF . DKt'GS, rilXTS, OIU, GLASS, And Druggists' Fancy Goods, Norfolk, Va. s. w; vick, WITH o n O Iff &. C L E Itl K A xs. Cotton Factors and General Commission V Merchants, INos. wharf. Norfolk. Va. 11 and 12 Mcintosh's 'ZW- Special attention given to the sale of Cotton. '-'-' Oct. 23 . ' .'' 27 tf Confectioneries. i HEW 8TOC9L XEV CROP. TIIE Subscriber is pleased to state to his numerous . customers that he is receiv ing the largest stock of Candies, Nu6, Fruits, c, that he has ever had, all fresh and new. . 11 1 4. F , - . . All jh-rsons in wamfc oi ny kidu oi coniec tioneries are respectfully invited to call I and buv or send their orders, as I am satisfied that I can sell goods cheaper; than can be bought elsewhere by the same quantities. . Wilson Novta, ... 28 et. James Gi .SiblUIa & Co., COMMISSION MERCHANTS, WlUfUfUTOX, X. C. PR0MTT attenn U sale of cotton, aavs torrr . bjuI uthtr orotlnc. I Refer to John Dawsoa. Prcskient Wllmineton Branch Baox, K. Ps H. K. eiavaao, Cailrr Uaak Wilson Advertisements. CLOTHING. Pall and Winter - .1 STOCK CHEAP BAROAIIVS I For Cash, or Good Notes, at CHAS.IBBETSON'S CLOTHING & FURNISHING IlOUsE, Opposite Mcliridds Jaceluy Store H ILSOX, N. C. TV ... : ii for the pationagc ex- x tendi-d to m ? since dpeninc my tore, I beg to inform the public that 1 have pur chased the whole Ftock of Clothing and Furnishing Goods of R. H. Blount &. Co., and which I aia now selling' I Below Manufacturer's i Prices ! ! I am also receiving supplies of my Fall stock, and on examination you will find my goods ' I Tlie Clieapcst, THE MOST EXTENSIVE, AND THp BEST ASSORTED, IX EASTERXJXORTH CAROLINA. My stock consists of Coafs. Pants ond Vete, of all sizes and qualities, together with an excelleut assortment of Shirts, Drawers, Collars, Stocks, Ties, Cravats, Gloves, Trunks, Valises, Umbrelllas, Walking Canes, Suspenders, Soap, Per- fumery, Ijinen and ' . Silk Handker chiefs, and every particle for gentlemen's v?ar. I have also on. band a stock of the very best quality ot Ladies and bents' Boots and Shoes, which I am determined to sell at prices that DEFY COMPETITION. My Stock or . IHIafs & (Cap are to hand, and are the BST AMD CHEAPEST 3f ANUFACTTKBD I 7 mmm Are respectfully invited to call and examine my stocje. as 1 feel sure I can please, in PRICE AND QUALITY. Remember, it' is opposite the Jewelry ' ; otore. CHARLES IBBETSON. Wilson, Oct. 24 . G. JORDAN & CO.. . . . . Corner of Nash andJTarboro' streets. mi i -l -I ine ereat ana signal success that the Popular Ticket has met with, has induced me to inform the people of Wilson and the vicinity that I have replenished fmyj capacious store and warehouse with a large and choice variety or - Jew &od, And I would modestly state that I have DIVERS AND YARIOU8 NEW GOODS,.. v men l oner to tne pumic at prices an satisfactory to the pocket as any other mer chant in Wilson, and I would say to you. one and all, '-fail not at your peril ' to come and see my Fresh Arrivals. Dry. Goods of every description, for male and female Clothing. FINE BOOTS AND SHOES, of the Newest Styles, ' Both Fashionable and' Endurable. This j not only so, but it is v EVENSO. I hare ul-o on hand a great variety of choice AND FIXE CUTLERY,' To the careful inspection of which I invite the whole community, and the people of this vicinity in particular. - , ' For particulars, saa small bills, next week. 1 Wilson. Oct. 23 .2 Pro Bono Publico ! AND Oltt OW. TOO. E Coutinne to manufacture at the best material and wormanship the deffer- ent styles of riding vehicles in . in this section, consisting of COAHES, Two, Four and Six-seat Rock avrays, Top lSuerclc, i Open Buggies, sulkies, &c Our narness Factory, too is in euc- cesful operation, ueing, as wc do, in all branches of our business good material, em ploying competent workmen-and giving our own personal attention to the business. With tle knowledge which fifteen yearri expercince has given us. we are enabled with confidence to recommend every article by us produced. The liberal patronage we have received dur ing 1 vears past (for which we are grateful) warrant us in expectation of it in the future. to merit which wn pledga undiminished exertion. . PAKKKR 4 M.L KKAY. ilson Jan. 19th i860. 4b tt C. THOMAS, at. D. i. i. THOMAS. WILSON DRUG STORE. .T. G-. TIIOXAsVW Or, HRO Wholesal and Retail Srugst, WILSON X. C, i RHJUST UfLMsU AL.atUiH AJil) x fresh stock of Drags. Medicines. - Chemicals, Paints; Oils j - ' IWStnffk- "Wmt. 4 her off' toTrrtu,a i rounding commuuu y , muei , . ; I Mil eusunug uuuitiai a uu au terms; they hav also on hand a UrgftSJll would swell the amount of 'indebtedness .1 zT?!3 of select wtiawrs, wia, 4c, 4c, for med TA rf l.kik mM ical uses. Prescriptions and orders always put up with great care and punctuality at all hours, day or night. is, la, jssa, it GOVERNOR MESSAGE. To the Honorable, the f General Assembly qfX. Carolina'. GmLtxiw : Elected by the aniteriii suffrages of a, free people, jo hate as sembled at the time appointed by lair, to consult together for the common good and to adopt inch measures as may be demanded by the public welfare Although your session opens amid po ical embarrassments in our Federal af- f a character calculated to excite m rtrry patriotic mind, painful apprchen sions for the maintainance of existing po litical relations -with our Confederate States, yet, wc are surrounded here at home with .such evidences C! nappincM and prosperity as to impress us with a deep sense of our many obligations tO the Su preme Being who has graciously directed our couueils in the past and upon whom, mu3t be our chief reliance fotrta safe de liverance from the evils that threaten the future of our country. "Within the political period embracing the past two years, our people have been signally blessed with physical health ; the returns of agriculture, though somewhat diminished by the blighting influences of I a drought that widely pervaded the coun try during the last Beason, have been such as to afford a reasonable reward to the labors of the husbandman ; the increased yield "of our mines furnishes gratifying ev- luence oi ine gTowmzjmpon&nee oi max interesting branch of industry ; the pro ducts of mechanical and manufacturing pursuits have steadily increased in amount and improved in quality ; commerce has prospered, and the advantages of educa tion have been more widely extended than heretofore, exhibiting as ever the natural result of social development and moral elevation. The moral and material progreps thus materially evidenced may be traced for a cause, directly and unerringly to the great system or internal improvements that has, for the . past ten years, been prosecuted nnder the patronage of the State. Our public works have steadily advanc ed from their begining point on the.' At lantic Ocean far into the interior of the country stimulating as they progress every department of industry, by offerring new facilities or transpotatien and opening up sources of public wealth that have here tofore slumbered, and otherwise would have continued to slumber in their natur al barrenness. Guided by th example of my predeces sors, I will proceed to lay before yoq the operations of the Government for the po litical period designated and respectfully to suggest the adoption of such measures as, to me, the public interests may.seem to require. More detailed statements than would be compatible with the nature of this communication will be furnished Vthl rfthie Dei-rtmenti in their regulai biennial reports. (PUBLIC DEBT AND riK4SCE8.) The subject to which I 6hall first invite your attention, deeming it of primary im portance, is the condition of the finances of the btate. A rigid observance of the public faith is a sentiment deeply impressed upon the minds and hearts of the people "of. North Carolina, and the more sacredly cherished because of the fact that in all our past history that faith has received no tarnish. The well known disposition of the public mind forbids a doubt, that you will see that ample provision is made to meet be yond every contingency, the accruing in terest on the public debt, and for the pay. mentof the principal upon maturity. And happily for us, the discharge of this duty. as will appear from our examination of ur financial affairs, will not so much re quire additional legislation and the impo- siuon oi increased taxes asineaDsiaining from such new and combined measures as may diminish the present receipts of the Treasury. The following abstract, taken from the books or the public 1 reasurer. exhibits the amount of the debtor the State on the 1st day of October last, the begining of the present financial year, to- get her with the purposes for which it was contracted. For the N. C. Railroad.! tS.onO.nno For A. A N. C. Railroad MM.505 For Western N. C Railroad . . 1,10.000 For Wtl'n Ch'tte A K d II. E . . . 400.000 .For Fayette, k Wert. Railroad. .SOO.niO or Uaston & W ell n lUilroaO. . .87,000 tl8ag,90Q For Plank Roads . ..ln,ono ...sao.oio ...123.000 ' .....M.000 ..1.AS0.0O0 For Rivers and Canal. For l.nnatle Asylum. . . For Literary Fund For GnrI P-urtK.. . Total lu.U-Me.WM. 9.1K.M3 In the foregoing list ia embraced a debt of 300.000 for which the State was orig inally liable, as endorser, for the Cape rear Kivcr ISivigation lyompanv, and rr which, she become responsible, as princi pal, upon the purchase of the property and effects of thatfCompany. In addition to tne forciroing actual in debtedness, the public faith is pledged to the' following Railroad Companies in the amount named, upon a compliance with certain, conditions set forth in their re spective charters, and in a balance of the appropriation to the Cane Fear and Deen Riter Navigation works : To til. JJFK A R. K. Co. S1.T09.9O0 To wUsc N. c. R. n. Co. as7n.onn To jrrrtt.. Wnt K. R. Co 100.000 TAf F.tV.E. 5av. Works 0.nno si.sw.eoo These companies have so far complied with ine provision or tneir cnaiters, enti tling them to the aid of the State, as to leave no doubt that the whole of the above sum will be called for by them, ... . ... ... withm a very few years, with the excep tion or 81, 000,000, or the amount guaran tied to the Western North Carolina Rail road Company, which wiH not be required, because of- the fact, that their road will be completed to the French Broad River, its present terminus, for a sum less, by that amount, than was originally contcm plated. The State is also liable, by en dorsemcnt, for the Wilmington and Wei don Railroad Company, in the sum of &130, 000. " A loss on account of which, however. need not be apprehended, as the Company has ample means to discharge their debt at maturity. 1 ne precise ume ax wnicn the monies becoming due the 'foregdinr Railroad Companies, will be applied for. is bv no means certain ; it is not at all probable, however, that more than $1,500, 000 will be required daring the present and ensurine financial years. This sum - I "-aA ia ca; . . 1 1 . 4 which, Mb; the annual interest on the average annual ezpenaitnres o if! rive the sum of 51."b.5JJ'WU annual charge upon UU? M for the present and coming yearfi This, it will be observed embraces the interest th the maximum amount of debt for that period which will not, however, nave' been contracted until some ume in toe next year, 'for which reason, a deduction of ! several thousand dollars should be made, ; chased for the Ft ate by the Governor, at from the sum stated as necessary for the le directed br the "first tilortgaw cre one yeaf and the same amount added to ! ditors, for the sum of 3C5.00O. No pur- mai required ior ine otner. l aa receipu ; into tW Treasury, froth the Ordinary sources Of revenue were, for the fast two years, as follows i -Receipts fat 1 85W58, o1b,9M 48 Receipts for 189 '60. .... . . Vl.f9 54 Total receipts for W 2 Team 91.Sl0.M4 OI To this sum should be added S1U79 72, due from two defaulting Sheriff, and for which Judgments hare been obtained against the sureties on their official bond. Tb? estimated receipts for the present and ensuing fisi-! year, arc, as I am in formed by the Public Treasurer, as fol lows : Estimated receipts for 1860 61 8CS,60a 19 186163 889,822 67 ToUl ant'd receipts tnr ait 1 jrar fl.72c.423 64 ii tnus appears that the liabilities of the State can be met without any increase of the taxes At your present session ; and. indeed, that they mav be reduced without detriment to the public service. This statement, however, is predicated on the supposition that the Sinking Fund wui oe cnarged witn the pavment or 8170,000, of the public debt falling due prior to the 1st October, 18C3. The pre- sent condition and prospective receipts of mai xnna, as will bercaiter more rullv appear, will justify such a course, and I therefore recommend that it be directed by the Legislature. To meet the principal of the oreaent liabilities, the State has the following stocks, and effects : Raleigh Gaston R, R stock, per valoa, f47M N. C - - (.000.000 " Preferred f per cct, l.nou.OiK A. A. Tf. t ii. K. - 1,0,S00 Wntrrn N. C. " . l.lStt.OuO Aid. A Cbe'ke Cnal - - S.M.ona Bond, of WiL, CTl tt it Rata'd R. R C- 4no.0 of Farrtto A West. " - n T)U da. from A. a N. C 4l0i InUrratM " 7t,noo rrtnclpU of Sinking Food " ftt.M A reliable provision has been made for the payment of the public debt, as it fall due, by the creation or a bulking i: una. The receipts of this Fund consist of the dividends or all the railroad stocks owned by the State, and such balances as may remain in the l ubhc Treasury, from time to time, after paying all current demands upon it, 1 be whole amount xf the r und at this time is 8457,040. The following are its receipts for the two past rears, together with the sources from whence derived : RecrlpU on dividend on N. C S. B. stock l?50,000 " Ral dt Gast " 78,000 " Surplus Revenue 100,000 M Interest on Bonds, '21,570 Total Receipts for two last years, $4 19,870 I he rapidly increasing business of our railroads-gires the highest assurance that this Fund will prore fully equal to the great purpose for which it was establish ed. After the oresent year its annual receipts will, probably, not fall short of hair a million of dollars, and may possibly exceed that amount. An obvious reason why our railroads may be relied upon for reasonable divi dends, when prudently managed, as at the present time, is to be found in the fact that they are constructed mainly by slave labor; which, for all purposes not requiring mechanical Ekill, is undoubtedly the cheapest that can be employed. TCn more nnrlnnir fvinrA nf tlii. fact could be1 desired than that furnished by a comparison of the cost of ours with the cost or roads constructed with a dif ferent kind of labor. Our great line of road, from Beaufort Harbor to Cowana, (Duck Town.) on the Tennessee line, a distance of 560 miles', will, when completed, cost $12,610,000. Of this line of road 348 miles have been actually completed ; 50 miles more let to contract, and the remainder, 162 miles, has been surveyed and careful estimates made of the cost, so that the entire cost of tbe road when finished, may' be stated with almost exact certainty.' On the other hand, we find, that the Erie road, in the State of New York, some 400 miles in ength, cost 832,000,000. Or differently stated, the cost of our road will be 22,- 000, while that of the Kric is 80,000 per mile. A clear probt on tbe former or $1,550 per mile, would give a dividend of 6 per cent, while on tbe latter it would require a nett profit of 4,800 per mile to give the same dividend. Like compari sons between roads similarly situated will never fail, it is believed, to develop the tact or tne superior cheapness or Mave labor when employed in the construction of railroads. Financially and socially thin is an im portant fact for us. It gives the assurance that our railroad investments wui prove dividend-paying stocks, and that the pub lic debt, contracted for the const ruction of these works, will be finally liquidated thereby. I have an abiding conviction that many or tne present generation win live to see our public debt paid off bv re ceipts from railroads, and tne roads them selves left unencumbered, yielding a rich er revenue to the State than baa hereto fore been collected by taxation, and su persending, entirely, the necessity for taxation. The fact is an important one ton, 10 a social point of view, as it teaches us, that there i a proper divisioa of labor, which if wisely observed, will avoid all possible conflict of interests, and enure to the ad vantage of all.- This division consists in the employment of slave labor where physical force rather than an exercise of the mental faculties is required, and the assignment of that field of labor, deman ding tbe employment of skill and educa ted faculties, in its profitable pursuit, to the white saee, where these sjualities, are mainly, aad almost exclusively to be found. The marshalling of labor upon this principle, is dictated, it is believed, by a sound public policy, as tending to the development of that variety of tha indus trial employment, and tbe perteetioo of that mechanical and mannfactaring skill, that go to make up the power of a State; and to that harmony ofinteresia, so neces sary to every weLkoTfknixed society. (irraaaALviiraovurrra.) Tbe State baTiag embarked largely m ot hrteriul' improvements their condition and pre poets will furniaKdoubt- lesp. an interesting subject or jouf delib erations. ' , " W , By virtue of an act of the Legislature. at its last Session, the t ape Ferf and IP Uiver Xaviration AVbrk were tour. rnnae "money was rtaia bevond text on aeots tn prior lien to those for which the 8tafe was responsible, and whkh were secured by a second mortgage. Th; atnoUnt thus paid, is 34,730 97-100 and the amount secured by second mortgage to the State, is $300,000, upon which $35,. 383 of interest Was due at th time of the sale. Boon after the saler the entire wcrks and property of the Company were trans ferred to the State, and have been since managed br a commission, as directed by tbfi Act. Many useful repairs have been made under the direction of this commis sion and the river, been opened for navi gation, with a nijumum cieptn or the nve feet water, from Farelterille to the GnlC in the midst of the Coal fields a distance of ' 81 miles. The navigation is temporarily I sospended in consequence of an accident l occasioned by a recent freshet" to which f these works will le more or less liable. until substantially rebuilt. A report from the Commission, giving a detailed account of their operations will be laid before yon ax an early nay, lor which occasion, I will reserve such suggestions relative to this i improvement aa 1 may doom neccsary i to its maintenance. - v i Bv the nrovision of an art nf 1PA-7 tlie Public Treasurer was required to dc- conseouently, each would secure a busi liver to the Albemarle and Chesapeake i nc that the other could not, and both Canal Company 8100,000 in the bonds of the btate, upon the opening of their work for navigation. In April, 1859, 1 made a personal ex amination of that improvement through out Its entire length, and found that it af forded fair navigation for the class of vessels engaged in our inland commerce, which fact being duly certified to the Treasurer by the Board of Internal Im provements, the bonds of the State, to the amount named, were delivered to the company, i mi canal, wnon luiiy com- plcted. will give a depth of 8 feet water imuuiiuijuui nnjiorra wiain oi feet, and is destined to exert an impor- j tant influence upon the commerce of a Tcry productive section of the State. , 1- urther reference will lie made to it be fore your session terminates. ITie FaycttevilJe and Western Rail road is now completed, as I am informed, to the coal fields in Chatham count v. A connection between that and the Korth Carolina Railroad is much to be desired, and I respectfully recommend the sub ject to your favorable consideration. The ilmington. Charlotte and Ru therford Railroad is pro greasing satisfac torily towards completion, and promises auvaniages to the puMic, rully commen surate witn the gigantic character or the undertaking. The many difficulties already overcome by the Company bar ing it in charge, afford the highest evi- donees of the energy and enterprise or the people residing in the section of the country through which it passes, and of ine capainuiics or mat portion or our State. The eastern dirision of the road has been completed from a point near ' WOmidrton to the distance of 75 miles. and the western division, from Charlotte, a distance of 25 miles. Tbe greater Part of the remaining portion of the worV is under contract and well advanced. I am informed that the Company will pronaniy asK a runner loan rrora the ... ... . - - . State, to enable them to complete their' work", ana an things considered, such a request will present high claims ujon your favorable consideration. It will be recollected that the terms upon which the patronage of the State has leen extended to this enterprise, are not so favorable as those noon which others of our leading works of improve ment have been aided, In others of our railroad companies, two-thirds of the capital stock has been takenby the State, and a liberal loan made, afterwards, fur the completion of their works ; while in the case of this Company, the aid of tbe " v""iris ui at iru cm C"V yrr an I If all tP nrnrH. r.f V. ,..i... WV... the importanr e or this road to the poblic is be difficult to discover a satis faatory tea- inn fits maViniv .;1. A '. sT . V ; .-; T.:iiw: jzzr. r: acter, in dispearing the pwblir patreuage. In view of which, and tbe further fact that tbe mortgage now held j tbe State will prove an amplaecurity far tbe loan heretofore made, and '.he one that Will probably be ai-ki-d for, I would respect fully, but earn.-etly, recoBrraend that so b forther loaa as may be necesoarv tt com plete tnelt te a-ade t. the Cora- pany. Otheraise. it aifl te drivm.to e fleet a loan upon rerond mortgage, at great sacrifice of the intmu vt tbe stockholders, and ta tbe etnbarrain-nt of tbe interprise itself. , . i The first division of tbe Wei-tern North Carolina Railroad, extending fnn Kalis. bnry to jforraaton. a distaacc of W) uSiles, has beca eomplctrd to Within 11 miles of its termination, and the second division, fsora Morgantot to tbe Western portal of tbe nine Ridge tunncL a dis tance of 44 mile, let to contract, noon which the rrading i nowbeinir executed. From thi point to the present trnniaus of thi road on the French Broai River. near Asheville, a distance af but Uentv -I . i i . . ... mues. ise worn nan Sot i-rn let it con tract, bc-aue of tbe prohibiting rrsrric- tioos of the CoTOpaov s Charter. These rcstrirtiin now mterpose serious oletacles to tbe progress of this great work, aa4 ran no longer subrve any useful pn roost. I, tberefore, reeommend that they be removed by tha legislature. Tbe importance of such legislation will the more fnlly appear, when it is borne in miad that tbe second divUioo of the road extends to tbe Western portal of tho Blue Ridge UnMlaa4, consequently, embraces what is known as tbe nountala section, which ia by rat tbe most eostly part of tbe work. Now, if it be required to fully complete this division, before letting tbe work beyond tbe snowataias to contract, that part of tho road lying within the limits of tbe mountain aection, costing some million and a half of dol lars, will be rendered totall aseleas, while tha division beyond the mountains is being cossstiuctod. It was originally designed ta extend ta rood so m to torn a oouactioa witb the chain of roads Mttuar throarh tl State of Tennessee to the Miaaiuh- Rirer. and the work has now prfrrrsr to that point, when sound policy ioidica the propriety of locating the Wert connection and allowing the company progreM with the work as raoidlv as i circumsUnret of tie country will adrj. From the preaent term inns cvf the r : i. near Asheville, two route bave I t surveyed to the Tennessee line, and I . -j. found to le entirely practicable at ' para Lively a moderate cotL The one 1 i in almost a due west con ire, throng u j counties ef Haywood, Macon, Jacksoa and Cherokee, terminating at Cowana, (Duck Town) and the other in a northerly direction, along the French Broad Biver, and terminating at the Paint Rock. 48 miles below Asheville. At both of thcM Kints of termination, connectiocs can, had with the Trnnewee roads. -The selection of either one of theae routes, to the exclusion of the other, would fail to accommodate a large sum ber of our k'lIow-ciUiens.reaiding beyond th Blue Ridge, who have berrtoforo cheerfully contributed their rateable part towards appropriations for the construc- ,10n roads east of the mountains, with DO other advantage ta themselves than the mere hope held out of their extension among them at a future day. To disap point this reasonable expectation, now that millions have been extended to over. come the great mountain barrier, would prove a sore cis appointment to tbem. would, in my opinion, be a departure irrnn av im. ftrfinrtmiri .1 1 -v Tbeaa' routes point in dificrvnl direrona. and. would serve aa valuable contributors to the main line of road eat of Asbeville. 1 mould, therefore, erreUy recoa mend that the Western North Carolina Railroad Company, be allowed to con struct their road over both the routes above designated, and that the State con tribute in the same proportion as hereto fore. As every delay in forming these con nections will result in injury to invrt ments already made, I would aarrest no other restriction spun the progress of the work than a simple limitation aa to tha amount of money to be paid, annually, by the State ; such a limitation being, in my opinion, necessary to a safe administra tion of the public finances. The Allan tk and North Carolina Rail road is an unusual and well constructed work and is in succefnl operation. As was the cae w ith others of onr roads, for the first few years after completion, it baa, a vet. yielded no dividends to tho Stock holders ; but the present earnings of the road, as reported to me. give satisfactory assurances that jt will at an early day be classed among our dividend paying roads. This Company will as I am informed. -ak that the fclatt loan of 4O0,0O0 with the back interest, amounting to $"2,000. be converted into prrfered stock and the road retraced frm the mortgage pon-it in favor or Ihe btate Tbe . acceding to to such a prr.pofcal would fend to fariUtato tbe operations of tlie Company and could cot result in any injury to the State, as no reasonable doabt can exist that, tbe Com pany would be able tofiar 6 percent, an- nuallyori such preferred stoc k, after tha present year. A similar policv was par. sued towards the No rib Carolina Rail, road Company with marked beneficial con- euuencea. The report of the Commissioner to ex amine into the affairs of this company has a a a ... , J . ! been banded in within tbe past few days. : k ... . ... . . " is oerrwun transmitted. Tire Wilmington and 34 am better road. in wblch tbe Mate has a small interest, has as yet yielded no dividends, ia conse quence, as is believed, of rjrtfuniary c-ra-barraf imciu incurred in its wnt ruction. Tbe condition of the, other .Com panics. ; which the Slate is a stockholder. will more satisfactorily sr !ar from tha following exhibit of dividends paid bv tbem in the last and prvx-nt years : IMI'I ByK.C.R.R.C,.ep.rtoa " prrfrtrrj rtock 1120,000 By z and I p. ct en eum- tooa stock ...IfcO.fXKJ 270.ock i , . m , , xi T r- L . " rfW fJI S.tSS .ad rr : Toal ia UiSMV. l fSC2 i - naiiro.4 Company jprif but four r clL Avi dd ia IWK is to be arcoualed for bv a chsnrv tbir Caancisl y-ar, which tm-. oraces ! eigM votttns of tbe firrtod. i a rapport or tbe policy bre rrc sa. mendfd as lV. wrot-r ne to W pursaed towsras our works of internal imtrove- snrat. an saora weighty argamcat could be oflVred than the rwr! benefits rr rwlting frsn sach as bave already ir-a etn-TlntL The sm cvrtTuLua l wilacsed. and ejey:IV in Ifce inrresM-d value tt real eMate. Tbe av-d tf.aa of real estate in North CarxJ.na, at I bo several iriods named lJw, is as fol lows: la 11. lililltlJ-Ia mc. :i.-Ul-.lKio. 6 S3o.fxxi- .1 D I t-S 5, e:.99 la IISCJOOOUO It thus arprsrstbat U15to !. a period of twt-nty years, tbe ralee of .r roal eslste actually oVcrewe. wbJ tbrre was only aa iacrease of tl.Ks'ijOoo frsm I-15 t 150, a period bftlirtyva years. From 1 r50 to I (A, tro years, tbe ia rease hat been $T0,0jfJtt. Now.it a ill 1 nxollarted, tbat snust of our works of in ternal improvement, have bet-a c.aal rant ed mrt tbe year 150. Ia that year w bad bat 250 snllra r. railroad, and tbat of a wry IssaerWt cbsrsrter, wmie in toe prraiai rr bave 04 miles tA road is ad sal osrat ka. ' Tbe increase vsJac of real estate sitvw Jj0, will abitse yirMa rrrenae; at tbo present rate fUxalios. 4 (140.400. Resalts bke these ili tesaove all doabt that tbe Mate baa prad a wiae Policy, ' since 1350, towards norU U Uua cVarac ter. aasHTLrraa. Aa bcroase in tbe ralae of real rtae is naU rally acrosr panted by Iscprovrmesu ia agricahare aad'aa iacraaoa ia there- j Urns of agricwltaral labor. Aa g tbe most iaterrating evidrsces a adraaca made ia tbia braach csf owe tadastry, and of tbe spirit saaiuscsted A & esJtivatioa of tbe seal. are. tl ajrrv!ttral fairs aow anaaaSy bel4 ia sua part of tbo 8taU These aasosablst. tba peoplo gveatfr lead lotba':iaaUoQ U ttUUigv-nci t y iV s 17 1,S s AT.
The Flag of the South (Wilson, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 27, 1860, edition 1
1
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75