The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1838-11-15
No.oi5.
Faoun IL 5 sniard
sTArE AFFAIRs-Ns. n

4 Ma. L0RING: The advocates af hone.
market and The frisnds Of our sl4is sys-
ten. say thai ihe Raleigh asd Gassaa
Rail Road 10 but one Lslk in a great chain.
and that Is 10 be afterwards extended 10
Columbia. and that By aiding lks aas
they will be fostering The other. Tbs
objection has been urged. not without
some reason. since the last report Of The
Raleigh and CASTOR Rail Road Company,
in which this extension Of their line
seems 10 be warmly anticipated. ID has
heen revived by late notice that The
Raleigh and Columbia road charter Was
secured by The requisite subscriptions.
and that The company would be srganlz-
ed in November. lido moi wander al Tie
objection. and if did moi feel perfectly
confident that there is more Of jealous APP
pTrhension than any real danger 10 our
own STATE policy on this point. would
concur with YOU and not resist this obiee-
lion. would say, a. | have said before.
thai II our state is 10 he cut in Iw0 and
her trade pariilioned between her two
ueigh5ours. (SouIh Carolina and Virginia.
then let it be done Without applying
North Cardinals own treasure To effect il.
II they who differ from Us ON this subiect
are reconciled 10 such a condition Zoe
| North Carolina, we who are not so, ysssi
be excused from applying the public mo-
ney 10 produce what we believe will he
great public cell. Bm hsre Is no dan.
ger. The state may help the Raleigh
and CASTOR Rail Road without any peril
10 her own system. and without leading
10 the construction of a Rail Road lroa
Raleigh To Columbia.
LIST. The completion ofihe Raleigh and
CASTOR Rail Rad to Raleigh, viii give
new life and activity To The city. and az
once create an interest. local interest
adverse 10 irs progressing any farther
south. The people here will s0on dis
cover, that although their city 10 aided by
a location al the End of a rail road, ID
will be ruined by one that passes through
IL. This iocsl interest is always active.
and will enlist against the North Ca-
rolina policy, and strengthen, To The ex.
tent Of Its influence. opposition 10 the Co
iumbia Road. But are there not niher
aud stronger grounds fdr confidence!
81. To secure a subscription 10 the
Raleigh and Columbia road, we saw gen.
tlemen Of the 6rst character and talents
take the charter in their hands and travel
through the state and address the peopls
IN favor Of the scheme. We saw men sf
the hlghes. financial reputation amongst
Us recommend IL, and give an earnest Of
their sincerity by subscribing large sums
|, to the stack. The engineers Of The Rs-
, leigh and CASTOR rail road were sent ous
To survey the route from Raleigh 10 To-
5 lumbia, and their reports are drawn up i'm
!, the strongest terms, and were circulate
every where amongst the people. These
I exerions. and others that | might state,
: have been made, and no effort was put
forth 10 counieracl their influence upon
> the public mind, either by argument or
r entreaty, or by rousing up the pride of
1 the state; all these exertions were made
$ too in the time of an Unprecedented fool
Il in the money market, and what has been
e the result! Tina, result, speaks volumes.
:. and i, is this: The chOle amount of sub
scripiiOns hardly reaches 10000 dollarsi
Q sum barely sufficient to preserve tho
e paper existence of The charter; q sum nos
e large enough [were il all paid down. to
cover the expense of an accurate survey.
location and estimates Of the work! Shall
e we entertain fears of road being con-
strucled which will cost millions Of dol
d lars, when under such combination OF
favorable circumstances ouly 10000 dol
!, lars of stock was subscribed 10 il! Sure.
i ~ such fears are i'll founded!
81. VIVA, more is there to remove the
2 objection! The whole cost of The Raleigh
!, and CASTOR rail road, added TO The proba-
!. BILE cost Of The Raleigh and Columbia
road. and these again added to The expen-
S dilures on a road from Columbia II
> Charleston, cannot fall far below nine
+ millions Of dollars, The whole cost al
e the Wilmington and Raleigh road will
not exceed (lhe steam boats 10 Charles
e ton being included) one million and a
half Wherefore passenger al Charles
n ton, who goes by The upper route. will
e travel over a line constructed at an ex-
pense Of nine millions, whilst on the lo,c-
!. er route he may reach the same poinI
Roanoke river) by travelling over line
b which cos. one million and half. This
2 upper line will cost sir times as much as
= the io,cer line; consequently, the upper
= one must make sir times as much as The
!, lo,cer one bel"re The stockholders can de.
q rive the same profits! Whilst The viii
ming.on road is receiving 9 rer cent. on
+ their outlay. The upper line. Raleigh and
r. Columbia road being par. OF ~ With III,
sane patronage, will receive only on
s. per cent. 1.-THE upper route charges 10
transportation. &c. according 70 their ca
D! pital. the io'oer route will get all The bu
slness, as they can make equal profits an,