The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-07-26

enAse " JANA sso3As - tilrar tieg, Is Ia
gaUiag The money 70 The banks. r..
aow think il would Be better 10 BRA, =.
money home. put u iHIa he han5, :,
commissioners. and laaa il 10 fssursd :,
diyidasls At six per cent Bur a go,
large maiorily " The Legislature lhov,l,
that an investment in bank Stock uos,a
be more prudent. inasmueh as !. u.v,I
be more safe. and Prodnes higher "a.
Of Interest; and. furthermore, il N. m.
ney should be called for by Ii. rsu,,,,
government. or wanted for any olh.r pv,.
pose. the stock could al any time D. .,la
At profit Of ten or twelve per cent. AL
lhus make large addition 10 The priD,,.
pal.
4 Q. The next Is Al appropriation n
IGOO. 900 dnllars ID The Wilmington AL
Iilannke Rail Road. in conformity NJ.
system aduPIed ~iIh success in vH,.
MIA. and approved by The people II N.
state, viz. where individuals shall AL.
scribe for aud secure % he paid lhrs,.
til'hs Of any proposed railroad. the s..,,
should take the other iwo.6llhs. II.
only objection made 10 this apprnpu..
Iion appears Ia be-, that The road does n,
run through Orange eaunly. Bu, il h,
investment Is likely ~ be praf.ahIs. d.,
should moi be an objeclion; because 4
such objections were 10 prevail. no work
would ever be commenced. because nm.
could be pr"jreled thai would aITurl squ.l
advantages To all poriinns IL the STAT.
These works must follow eaci oIhrr in
succession; and we dare say that so SOM
a. il eau be demonstrated ,hal the travel
upon q toad through this section Of lhs
stale will make the stock profitable. three.
Iilihs Of il will be taken by individuals.
and The state. in eoniurmiiy with the plan
adopted, will be prepared TO advance lie
other two iiiihs.
4. An act of the last ses,ion vest. in
the Presiden; aud Directors of the Lite.
rary Fund me million Of bank stock. 10.
selher with all the swamp lands Of the
stale no. heretofore duly entered ,ai
granted To individuals. as . public fund
tor education aud the establishment Of
common schools. This act also sulhar.
Izes the BOARD - adopt ways aud mean,
10 cause The lands 10 be surveyed and
drained. and apprnpria,es 100000 d,l.
lars, giving 10 the Board power 10 rxpsnI
80 much lhercnf ss can be benrfeiaIly
applied To his appropriation ObJre.
tinn has hern male. because Of doubt -
to the accomplishment, nf the INFECT. BV'
olhsr persons, Of great experience and
sound judgment. and Who have teksn
great pains 10 qualify themselves TO judge,
profess entire confidence IN the sueee.
nf the experiment. And surely the in.
nense value 81 the land, il il can be re-
rlaimrd. and The great benefits in oihs'
respects 10 the inhabitants II the country
which surrounds il. are worth an effort.
IL is estimated that there are in Ihnss
swamps million and half Of acres. and
some Of The land which has been reclaim
I'd is said To be worth from forty 10 eigh'
" dollars an acre; bu, il cells readily 81
from len 10 twenty dollars an acre. IN
cleared. The land, therefore. Il the pro-
jecl is successful, will he worth many
millions Of dollars. and will furnish
fund amply suflicien, % carry into opera
lion a system o. common schools upon
the mos, exienlrd plan. With such
prospect before Us. should we ,imidly fold
nur arms and turn a.iirl Surely mt.
Sumo persons profess to be friends
both 20 internal improvement, aud cam
mon schools; bur they say. The state Is
no. able 10 carry on both al once, and
they think Tie schools nugh, to be pre-
frrred. II these persons would t'E' a
srrond view of the matter, they would
find that they had fallen i"to very gre"
error Ia carry ing an system "' e""'
mon schools, !, is mt contemplated "
usa more Than tie income arising 'f""'
tie fund provided for their support " "
therefore necessary iha, the funds 'h""'"
be vested in The most profitable s'"eS''
AMI these are frequently found 10 be raw
road s,ocks. or this kind IL IL expec'e"