The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-11-09

trade advocates, and wonder that there
shoud be any amongst US so opposed to It.
Again: THIS road once being in opera.
ten, aud connected with the interior, the
planter who reaches II may 90 10 Whining.
ton and sell at home market or If he
chooses 10 ship bis produce abroad, he NAV
do II from a home port, at WILMINGTON, 10
any part Of the world; and should the price
at Wilmington be lower than II is al Peters
bury, or Portsmouth, or Norfolk, he nav,
by this same road, 90 to Portsmouth or Nor
folk. Thus competition Is kept up; and the
interest of the Commonwealth, and her cha.
racter also, are preserved.
One thing is worthy of special notice
The charter of the Wilmington road has
been so framed, that when the profits from
passengers is large, produce can be carried
for rates lower than by any other road
Thus the planter will be benefited and our
hone market fostered; the private interest
OF the producer IS here consulted; aud the
general benefit Of the State promoted at
the same time. 1t may happen land be.
lleve 1t will ere long) that produce will be
conveyed to Wilmington, on this road, for
a mere nominal price. The effect is obsl.
Gus. The State will save, By keeping at
home, the cost of transportation III other
States; the commissions TO merchants ia
other States, for selling the commissions
TO importers IN other States, for articles pur.
chased for our domestic consumption; and
other more general advantages, which It
would be out Of place for me to notice at
this time, will accrue 10 the State, as a State,
aad TO her citizens individually.
These remarks apply, with additional
force, it we hook forward TO the complexion
of the next link IN our system Of Improve
menis; TO Wi 4 Rail Road FROM Fayeue
vile 10 the Yadkin River, 10 the western
part OF the State.
The Assembly of 1886 authorized the
subscription Of two fiiihs of the stock to
construct tins work, provided individuals
should first subscribe the other three fifihs.
Many have lost sight OF tbs par, Of the sys-
TEN, and others have deeply regretted what
they cali its " failure :" because individuals
have not subscribed three ifths OF the stock.
within the time prescribed by the aci OF
1885. Allow me 10 suggest that this is
bu, an lndoleut mode Of treating this great
SUBJECT |. is no, patriotic, nor wise, TO
surrender we'll considered plan Of public
gOod, because II NAV not be executed at the
first effort to accomplish II. Great ends
are seldom attained sHhout resolute perse.
verance. They whom We NAV designate
as Sc impulse patriots" do not often succeed
10 p,",eo,Ine the good 81 the Republic, so
well as the thinking. perSrerine statesmen.
What, IL reality, Is the guaranty Of pltl.
mate success ~:h the latter, the former
wiil nai uuirequ-nily treat as al overthrow
OF all hope. One IS always ptaHaiae the
other IS Tor dong one Is for stopping short,
jus; when the other will muster all his
strength to 20 ahead.
Now, | do mol think any one will consid.
er M an enemy TO internal improvement
sni yet, for one, cannn, nov regret that
the subscriptions Of individuals aere not
made to the fadkin and Fayetteville Road.
ga, | REFUGE a; It. At the time our As.
senbiy auihoflz.d the work, all believed
that the money IN our Treasury would be
6b1ndantly sufficient to meet The STATE SUD.
symptoms 10 II, and also in the Other road
no one then toresaw the great pressure IN
The money market, which subsequently &C.
CURED aud he would have been laughed
Of as tool, 10 1896, who should have pre-.
dlcied taat tII Surplus unds Of The Uulied
States would not have been oil deposited
with the States, in 1887. The month Of
May, 1887, hoseyer, iouoi the people
pressed tor money the banks, all over tn
Cni1u, suspend,ng business and stopping
payment; AMI 5con afterwards, the Attn
quarter Of the Surplus Money to be deposi.
ted with the States, was unpaid aud the /
law, requiring us payment, vas suspended
by Congress, al their session ia October OF
the same year.
II DIES moi belong to nv subject to in. /
qnfe nio the causes, or 10 suggest cure !
for these things. The facts are stated Q
because they are necessary to d, We. tha, If i
The REQUISITE stock had been sub6cribed 20 q
The Isik,n aud Fayetteville Road. the q
hopes ID the friends Of improvement, would E
have been seriously disappointed perhaps Il
blasted. :,
For, lei }! be remembered, that the sub. :
'cupIons for the State to these rail roads. b
Vas PAYABLE out Of the surplus money, aud a
10 other tina, the State scrip of 500, 900 e
,eing pad ii 10 the FIRST INSTANCE. and III. 4
Bank Stock, next paid Tor, fas the acts Of II
$50 required then BY the 4th quarter of Ii
be surplus being suspended, the residue Of
be siIrpiu, MONEY IN our Irenanru ,na 4