The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-11-08

sor0Pe - nrs'-e-sF-
\ dosla -s.rii.rs BE- 49, - 'hl- g. pEn-
care a a. ii: .aI 49, ''araf Shall %"
h-Ip - rlEral 1. ts''r ~ 10y :" -ld
tA.s wa1k hy aar eEes.ss - A''ria 1'sI"ii
NJ A h.,r sirr.is ~ "n may b.
doas ~r,h . go" E''k. ~Iliaoni buF'iasH-
Iag de t,r.,.4+. al w.ahani interfering
wssh Il,r sysism @irr',i. ai"Plrd."
Tie ea..,..nE sass e.ll aaird the east
NJ Inc r.si :, .is.aI I.200. 900 d'liar-.
M .an 90 l11 .i.si - have tern
nuiIs. .nlsr a.aexasnd-d 10 The Wsrk;
500. 900 Ial.ar, n .E~ "a gh' Paphah.s r.'En-
D,e,e q. 4. IT, .I.se satad lsni her ere
d, a. IA rasa.. aay By gIIraniy II
fssir b9ah f1r 3oo 600 dollar T-d~r'h.-
bic al la,ns .lssr., lhs 80 mPans nlgai Aeil
exo-rs 4. ngerrarr . n'~ snhsrTiption 90
their slara by ahe as~>r"' i'E 'aFi1i''Ts and
Others. e4aA u 2l1.nlO 'i'iiaFs more.
Thls patronage 81 tIr siasr @"uid gave
fresh courage 81 the CD n,'aay aud TesiSr
psb,.e conf lenee. aud lhrsr Constitute
Important ingredients ~ ensure success "a
Ssh ea.erprzes. pf'cesd {" sha~ the
truth Oi Eiy assertions.
lei. n ui,l be all la the company. and
very s.icleal aid: beeAuse u Will rns.ir
Ihs 4. ssl!sal fsFsb aish IL sell The bln IS
AMI ra.s, the accessory m~aas-heetnss
/, ~ill ea bile h n. n make the lnan npnn
.usei hc.sr srfns. and on long credit
because Il r,li make sure the progress "f
The rosd. sni 2rnb.bly ensure as c"nPle-
tim aud succsss--sad u may and very
prah ,h,v will lnsluee III prnpIIrIors "f
IN. sl,rk % ADVANCE their nan invest
IN .. 90 a point sh'rs The company m.y
dispense WHh m.smg any iuiure lnans.
The essential dIItreaee % The mnaey
uarseI between Ilar states bands an 4 the
esnp.nys viii be ElsG the former will
not be pressed lor pa. men,--ile Latter
xiIl be m're vigorously rxseied.
2nl. IL NAV be done without any great
risk. The in,eres, on this loan will be
$4,000 dollars per year. No me can
suppose that The road wall, uaisr any
circumstances. yield less profit than
twice this sun. and BY compact with
North carolIns. the whole profits may
he subjected under her directions tn The
payment Of this interest. A profit Of
6 per cent. on the Whole cost of The road
would be $4,000 per year. Only II
per cent would save the state from l1ss
On her guaraniy--and 4 sale of the Rad
#Oald never he forced except al The Will
If the state. for the holders oi the scrap
will be satisfied a. long ~ Interest - paid
and the principal stands scared BY =
pledge Of the state.
3rd. IL nav be done withnnt bnrilen-
ing the people. This - shown nv the
last preceding remarks. The mast ia.
lous precautions nav b. taken az unsI
any drfluli IT the COMPANY direc'"r
mo; slockhHl!er) m,g',I he nominated
by The stsle, If II !. ,huught desirable, aud
he might be empowered Ia take care nf
The interest nj tie slate aud prevent any
diversion Of The iaenmr Of The Rad from
she purpose Of first paying up the inte-
rest on Ihis debt as II tails due. A stuk-
ing fund might be formeI out ii surplus
profis 10 satisfy the priarIpal as the In-
.Islnenis fell due. II shall be deemed
accessory. candiuans might hp auarhed
10 the guaranty winch will ObGge the
eOrporsiors t. increase their subscriptions
10 sum that viii he sufficient g. CON.
pleIe the road. when such adIiuOnal sub
scrip.ion. are added tn the Loan. Though
Gaze ought 10 be taken Ia protect the eta'p,
the form OF thar pr SECTION should MT be
such as will defeat the prscucal benefit
Ihsi Is inienled 10 the Company.
In some way. however. upon this plan
al assistance, there nu.I he laid resirIc-
Noa upo1 the COMPANY. against cnn'ra:i-
ing any further leM without the consent
al the Legislature: oiherSIse the conse-
qIences m gM be dangerous to the state
a. an rn'nrsst ar gIr.aur al tIrIr first
debt. This proceeding an the part III the
sT~Ir. ""ghl nj Course To be preceded by
q CAREFUL srruItny Inlo the actual cpndI-
uoa OF the company. Bs this. | an tar
ita designing t. express any di.uust oi
u mfsr!i, bat he agents III the pu"lic are
IN du'y bound Ia examine inlo the silhs-
"on "i any c"rp"rauon. before they make
the slate lis eadur.er. hos ever p4srIpIic
aud isndsbie The purpose may he.
4. have saiI la.t lal> slli MT inter-
iere VIA The system pf Improvement. al
ready sdapeL Tai. Is a parI "f NV
'uhJsei that requires more de all, as |
kaow there are ohjpclinns connected with
IT, which are not To be removed At word.
will en'!easor 10 meet them in my nrxI
essay. MEN rUR.
n. B. tn avoid misrepresentation. I
ssa'n repeat thai da nnl mean u say.
and / d. no: thiak. that the state ought
- establish any Ftmsle Institutions al
Ks'e'gh. Not al all, Bat il is a public /.
evil where the intercourse amnag the DIFF
iereu' sections Of The state Is SO d,f1icnit, !
ana other causes Cooperate with ~, Ia
scatter The private means of establishing
ins'iiinon' Of this knI Il 10 with this,
40 m'ny other things. s7a We are forced
Out oil the