The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-10-18

NAsAEN NAAANNs Nsk @ANAsANA 49,
d..neslir consumption: and other mofs
grnrrsl advantages. which 10 would %
aul al plzre Cor me 20 notice 81 tina lime.
will accrue On lhe state. - . stale and 10
her ril.Zen. individually.
These remarks apply. with addiiiooal
free. e We look forward 10 ihe comple-
tim al Ihe next link IN our system Of iaz<
prasemenls; 10 wii: A Rail Road fr0m
FsyeilerilIe 10 The Yadkin Riser.sia lhs
western pari of The stale.s -
The Assembly Of 1896 Authorized lhs
subscription Of Iwo-lilIhs nf he slork 20
construct this work. provided individuals
should firsl subscribe lIleoiher lhfes hilhs. .
Many have Inst sight of ibis pari OF tie
system. and others have deeply Srgreiifd
what they call ils .. failure;" because IN
dividusls have moi subscribed three filihs
Of ihe.s stock. within the time prescslbed
BIZ the ACT If 1896. Allawsme 10 suggest
that this is but an indslenl mode OF treat |,
ing this graf suhj-ct. Ills noi patriotic.
nnr wise. e. surrender aell snnsidered
plan nT pubic gaad. because u may nns
he exeruled nj The FIRST siIori 10 accom-
pI,sn IL. Great ends are seldom ni,ainedF
wIIHanI Tesulnie perseversn e. They :
whom We may designate y e fppufsf
patriots" do not nIipn succeed 10 put-
noting the good II the republic. 20 vel
a. the Ih'nkins. perssUering siasesmen.
What. in reality. - the guaranty ol ullIr
mate success with The Litter, The formed
will not unlfrquenily treat as an over
throw III all hope. Onr is always PLAN
ming; the other u fnr doing; one 10 for
stopping SHIRT. just when The other wsl .
muster al hts s,Irugih 10 "a ahead.
Nav, d. not siiink any one will corr
slider me- an eHemy io internal improse-
menr; aud yet. fnr one. Icaannt no~.re-
greI that the subscriptions 1T individuals
we're nm made tn the Yadkin and Fay
et,rvilr Rad. Yea, Irejoice q, IL. AZ
the zine our Assembly suihorized the
work. all hrIIrsrd that the money in our
treasury would be abundsn.ly sufficient
IL mer' the stale subscriptions in il and
also ia The other road; no one then FORE
saw the great pressure in The money
market. wh,eh subsequently, occurred;
aud he wn"ld have been laughed n - .
f,nl, in 1896. who should have predicted
that the surplus funds Of the United
States would no, haze been all deposited
with the. states. in 1887. The month Of
May. 1887, howeErr. found ihe people
! pressed inr money; the banks. al ossr
the Union, suspending business and stop
ping payment; and seon afterwards. tho
4th quarer af The surplus money 70 DO
Deposited with the states, was unpaid;
aud the Law, requiring its payment. wss
suspended BY Congress, Al their session
IN O.Iuher ol the sane year.
- |, dues nol he"ng to my subject 10 in.
qure INTO The caus-s, ar IN suggest CUE
fm these things The facts are stated,
because they are necessary 10 prove, that
# the requisite stuck had been subscribed
tn the YaIkin and Fayetteville Road, the
hopes nf the friends VI Improvements
would have heen seriously Disappointed:
perhaps blasted.
Fur. LEI II be remembered. that the sub.
scripii0ns for the state D these rail roads,
was payable ou, of the surplus money.
and no other; that the state scrip Of 400,
00o dollars. being paid off IN The first in
stance, and The hank stocks next paid for,
las the acts Of 1896 required.) than. By
the Alb quarter OF the surplus being sus-
pended, the residue ot the surplus money,
Ia our treasury. was not sufficient to pay
the lwo-ii,hs ~ both the Wilmington and
Raleigh rail Rad. and also the two-fifIhs
IN the Yadkin and fayetteville rail road.
The inevitable consequence must have
been had both r,s,is been star,edl that by
a DECISION Of our resources, and by an ei-
fart TO do too much, we should have &C.
complished nothing. Both these works
would now be laboring under pressure.
ruinous to their success and dangerous 10
the cause of internal improvement ia the
J state. Our policy, our prudent policy
Of avoiding a state debt. has now been
carried out; The funds already in hand
J have been concentrated Al point; and
: the enterprise upon which The money
+ vas embarked must succeed. The Az
, sembly Of 1888 will find great and im-
: pnrlant work accomplished; and lis ope-
ration steady. economical. and free of
embarrassment. Had both been under
= taken at the same ,ime, and The public
} money divided between them. The ASSEM-
. bly, would probably have found bo,h or
; them now rrp?led. by the want OF funds.
. and desponden'ly inpioring help; The
friends Of internal improvements in ,he
; stale would be discouraged. and lis enc
. mics ela,ed' aud the clanors OF the die.
) eonsrnted would ring IN our ears the I'M
, welcome cry" You have promi,ed
T much and done nothina."
: Now. however. We proudly. exhibi, The
j. un,mpeded progress Of This good work,
= aud argue from thai progress lis speedy
. completion; and may confidently dem and