The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-08-31

,;,rposc 10 enlarge upon this topic. lnere
ayeTy probability that IN two years from
,h,s da,e' this stock will yield profit of 10
-, can't. or more. la the mean time, I'LL
he nsvmen,s Of stock become due, the mo-
nrv Is paying an inicres, of 9 per cent. to
the State.
"a. The Cape Fear Navigation Stock |
,sys a regular interest Of to 8 per cent.
a,h. The Roanoke Navigation Stock has
also paid an interest Of = to per cent
And the increasing trade of that section OF
country promises to enlarge the business OF
the Company, and consequently the profits
Of this Stock.
5,h. The debts of individuals bear an in
terest of 6 per cent. by law. Though II Is
prooer 10 remark here that a large part oil
thus debt may soon be collected TO refund II
IN draining stramp lands. hen this is done,
however, the income from this source Will
be cut off: for II is TO be recollected, that
the lands drained BY these works will be
worth more than the money spent; and the
same Board is authorized to sell the lands,
and re.lnves, the money. Should It be found,
after a fair experiment, that this improve.
ment cannot be effected, the expenditure
will be stopped. The Board have that dis
: crct,op, and are not Obliged 10 spend the
money, after they find il Is either lnpractl'
e cable or impolitic. This work OF improve
e ment though Just begun, rs already favor
lite among many who heretofore opposed u
and II promises results hardly anticipated by
u ITS moderate friends.
"a 9th. The Buucombe Turnpike Stock pay
dividend Of 10 per cent. per annum.
% Upon the basis Of the foregoing facts, an
reasonable probabilities, It might be saieI
w estimated, that these funds viii produce
m yearly income OF about one hundred an
forfy thousand dollars Is Il doubted
100 Then strike off twenty thousand dollars, on
j. s,ill the aunual income will be one handrt
wv and ttreEiy thousand dollars :
This annual revenue viii be increased
the average amour, Of taxes yearly lmpo
200 cd on IiarernS and Auctions, and the mons
OF paid for the entry OF racdR lands, 10 WI
i've thousand dollars per year. These Ia
all. es having been appropriated by law to I
use increase Of the fund referred TO, aud not u
ED for the support Of the Government, th
er. wlItmake the yearly income OF the State o
'se. hundred and ;'-eaty fra thousand do'tGr
can Again our Ordinary State revenues
In the support OF Government heretofore
re. mounted 10 about seventy thousand doiia
ims This sum is abundanit sufficient, II c
,wn General Assembly met every year,
ak. now that it conyenes only once IN two yen
there will be saving Of twenty thousu
rent dollars, al a moderate estimate every
Eve. wears. or in other Worlds yearly income
tho fore stated, OF one hundred and trea'y
d to thousand dollars
aud Again there is little doubt but the
In -ssment law Of the las. Assembly will
also large the revenue from land taxes at l.
az. SIX thousand dollaFs-and when We
this som to the amount o. taxes LAID %
: in. Banks. 10 Wit: -four thousand dollars
n IN aunum, there IS an additional ,tplus OF
G IN. thousand dollars, which s. Of, the ang
were income Of North Carohn 10 enc huad
b,sct and forty fire thousand dollars orer
hese beyond the necessary erPenSe q her
re UerHsleRt.
unds THIS 10 no picture OF the imaginalio
upon i, is no distant prospect with which 10
say the people INTO inc adophon OF lhpf'
NAH cable schemes It IS sober reality-,i Is
dual real presen, actual condition Of our 5
hts Finances. People Of North Carolin
/ this congratulate YOU.
Dhant Great as may be the surprise Of mar
Is TOO your readers al this bright exhibition oil
And prosperity, for even the most iHelll
/ has have been INDECENT or indifferent on
e not iopics,) ! think ~ill demonstrate 10
The IN NY next essay, that the reckoning y
ular. completed IN this. A desire to avoid
y re xiy, obliges me 10 defer finishing
:. At p,esent. MEMO
then Raisigh, Dec .. 80.