The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1840-08-20
pes lIs NslIh caroII.. sl.allrd.

Dts - - 'AArAf fN&rk Jon nc 0u6ru
u Islernai Improvements. Ihtesgh he
sides az Gosefnor Dsdlss. ell unds-
esise him Il ID 10 possible N DO ga.
b. The ist section Of an Act sf Assem-
bly,. passed in 1886. sll ire surplus mo-
ney received By this slate from shs Uai,-
ed States Treasury. 10 added and spprO
prisied As . lund fnr Internal Improve
menl--exrepling $500. 600 devoted 20 :
. redemption 81 lhe public debt Of Tie
states $500. 900 more 20 be "paid' Tor
stock in lhe Bank Of Cape Pear; and The
portion Of said fund shirh - 10 be added
10 lhe Literary Fund. VIZ: 100000; and
100000 more appropriated (in the l2ih
see.ioR) 10 the contingent charges Of The
government.
Seeuon Pad directs uho is 10 COAST
lule tie Board Of Inlernsl Improvements.
Section 3rd drscls when and where
The Board shall meet. &c.
Section 4th directs that the Treasurer
shall keep the accounts
Seelioa Sab direcis thai all the money
shall be deposited in me Banks Unill il
. disposed OF - hereinafter provided BY
law.
Section 9th directs subscription 10 Sc
versl Rail Roads. and how PAYMENTS
shall be made. "Ssid subscription on
The part Of The stale shall be paid in man
ner following. &c.." are The words.
Section 7lh provides that. unIa the
money Is wanted 10 pay the subserip-
lions. the Board shall. and they are here
by sulhouzsd and required 10, lend the
sane upon good security either 10 indi
yiduals or corporations.
Section 9Th declares in what event The
state shall be released from i,s obligation
70 subscribe Tor suck in the Rail Roads:
and under this section The state is released
from al except HE Wilmington and Ra-
leigh Rail Road.
Section Oh declares that no other fund
except the Surplus Revenue is pledged
for such subscriptions.
Section 10Th is in these words: al
shall be The duty Of the Governor, as Pre-
siden, OF said Board. during The recess of
the General Assembly. 10 cause publica-
lion Of ANY SUBSCRIPTION OR
PAYMENT, made in pursuance Of this
Act. 70 be made in one or more public
newspapers printed a. Raleigh. as soon
thereafter as the same can be convenient
~ DONE"
This Act NAV be found AZ pages $40.
$50. 35l and 352 ofihe Revised Statues:
and ], will be observed that the l2ih and
last enactment in il also spproprisies
100000 OF The surplus 10 defrsy The eli.
wi and contingent expenses Of The govern
meni. and this appropriation 10 preferred
before oil others.
According 10 he provisions Of this Law.
the Board Of Isiernsl Improvements. con.
sisiine Of the GoyERSoR Of North Caro-.
lima, Col. CAD. JONES. OF Hillsboroueh,
and Wn. ID. MosELy. subscribed 10 the
WILMINGTON and Raleigh Rail Road 5000,
600. aud advertised said . subscription
according to Law, an 1897. Al different
periods when said subscription became
due. under me Glib section they have
made the payments" and advertised
them also according 10 Law. The amount
Of these payments" is 5000, 900,
The additional. sum Of 100000 more
were paid for stock in The Bank OF Cape
Fear, according TO the first section.
These two latter sums we're paid by the
Treasurer, as by law il was directed. and
The Board had nothing 10 do ,ciih t.
Bu. they are duly reported By the Tres'
surer and Comptroller in The public &C
counts. laid before the General Assembly
o. 1898. and also ddceriised in one OF
more newspapers. The further sun oil
I 5000, 900 winch is added TO the Literary
Fund, as provided in The Isl section. was
raid by The Treasurer 10 the Literary
Fund. and The Board Of Internal Improve.
men,s never had any thing to do with il.
So also Sl00.0 900, under the 18Th section.
was kept in the Treasury for The expen.
ses Of The government, and The board had
no control over il. Now it will be ob
served that these sums over which The
Governor and Board OF Internal Improve.
menls had no control, amount 10 81 500
600. II bring more than The Surpiu,
money received by this sidtem!!
ask the attention Of DR.. Montgomery,
and The special notice Of the people who
met at Gaorge A. Mebane's in Orange
county, in October last. 10 the foregoing
Act Of Assembly, an! 10 these undenia
BILE facts, and then le, sense Of Justice
answer how far i, was right TO imputs
"bad faith" to the Board for no, pub
fishing the names Of ,hnse who borrowe t
The " peoples money!
Observe FIRST, yhat The only part Of III,
surplus money that is unappropria,ed
VIZ: The 4lh quarter, has never been got
SD that even If this law had directed ans
advertisement Of the borrowers names
the Board never had The surplus 10 loa,
oul. and Of course could not advertise III,
borrowers.
Observe second. that The $500. o00 an
propria,ed 10 the Literary Fund is all o
The surplus ,hs, was left. and the Litera
~ Board are empowered to apply il "a
draining the swamp Lands: and at pag,
3s2 Of The Revised Statutes this Literary