The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-10-19
From the Raleigh Standard.
no. estate AFFAIRS.


Mr.. Editor :-4th diference.-The Re.
port OF the Committee OF &c. and the Reso.
Iutons Of Mr.. iioke (already pointed out IN
these essays wall form the topic Of this
communication.
II will be recoIlected that both plans pro.
posed TO aid Internal improvement. The
ti'st set apart fund for that purpose, the
latter set aside the same fund and also ap.
pIied II. The first authorized a Board Of
public works to tend the money to corpora
tons aud JOINT stock companies formed aud
To be formed for improving the means OF In.
te'nal trsnsportalion-desis no COM
pany aud excepting none, but opening the
loan Office to all alike, yet trusting IN the
Board to make proper selections aud take
good security real or personal, DC. The
resolutions proposed to select two works Of
great importance and subscribe upon Ger.
tam coadtions hereafter fully explalned)
for two fiilhS Of the Stock in each. The
House of Commons rejected the plan OF The
Committee OF 20, ass ;hey adopted the 9th.
er measure with an amendment, which will
be stated IN ITS proper place. The Senate
passed the plan Of the Committee before The
House Of Commons had acted Upon The sub.
lect, but the Senate afterwards coucurred
with the Commons.
Did they act trisely IN rejecting the plan
Of The Committee Of 26? umnk they nd,
and IN giving nay reasons for ii shall be re.
peat:ng those which weighed with the As.
sembly. Duubtess the Committee we're as
honest and patriotic as others. In discuss
ing their recommendations | do not mean
to impeach their integrity, personally or po-
liilcally. Indeed they themselves admitted
their plan did not command their hearty ap-
probation, that they anticipated il might dis.
appoint the expectation of the tIleuGs OF la.
terna Improvement, but they had adopted
II TO reconcile conflicting opiuors and il
viii be seen on The Journals, where ma.
J lrity Of that Committee abandoned their
report to support he Res3lut; MS of Mr..
lloke. II therefore, 10 consulting breyty
and plaInness Of speech upon tins subject,
| seem 10 be d,SreSpeciiul 10 the opinions
or views Of others, 1t will be unattended, for
/ deprecatr that spirit which will not bear
an honest difference Of opinion.
The first objection to the plan proposed
Is: that 1t Is temporzlng hall way meas
ure and promised to create many schemes
OF improvements aud so put none IN pruc.
tice II It is good policy 10 foster Internal
Improvements, then II ought to be begun
and upon few important
points at time, where success is certain.
tue system may b. pursued and
All sustain Itself without an increase Of tax.
e. or the creation Of State debt. Ifnl is
no, good policy then 1t ou III not TO be at
tempted at all, nor should The State ppcour-
age her people TO embark on euterprizrS of
doubtful policy. If II Is wrong to eucaur.
age Road by a State subscription for Stock,
il is equally erroneous to do il BY loans Of
money at a rate of interest below It's value.
But great fears we're entertained lest the
General Government might call back the
Drpos'es, and this plan some thought lnds.
to prevent embarrasSuents hlch
such step would create. 4 few of them
ire unchanged IN this oplnlon, or # thls ap.
)reheuslon does not stlll haun, their tnagi.
nation, they arr not Idle in their labor of
owe for the public, IN coulufiug it Up to
disturb the mlnds OF the peopte. ion can
any tar minded man sincerely believe that
A Rad Road Company, after having Dor.
roSed money for the soIePurpo>e o eypend-
ing II IN the construction of the Road, will
be- able to repay It on demand rifhoUt en-.
plthout rnia. " ouId no, the
-ecall Of these loans produce general crash
# every enterprise Nhlch they had created 2
IN the other hand BY subscribing for Stock
n one or two Roads, demand Tor the mo.
icy might be mel at any time by a resale
If the Stock and tins is at once sure re.
ource 10 the Stste for raising money if II
'e rcqulred-and an operation by which no
would happen 10 the enter
'r2e 10 which it was vested. The State
ouId rely upon Il with greater certainty as
means to reproduce or restore her fluids,
while the company would not be dlscredred'
Its means Of prosecuting the public work
would be Rndlmlnjshed by it. To the Road
here would be no reyulsion-wlth it no
hange whatever, except in the names Of
Is stockholders.
But as ] have had occasion to prove,
ereto!ore, there is no ground for fear.lhat
has money will be recalled. The souudest
hletton that was ever offered agains, The
opposite Act, was, that Congress would
eve' dare TO call for the money, No matter
hat DaIght he tina npeoSe..,. IS H., - ..,r.,l
'ovcrnment Subsequent ereats hare pro.