The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-01-07

tie NnfGhsfm tMr Will reei rad point
lne snasr . lsese ~ ihr direction ri Wnses-
\ rsush. lei - thru. or. rnnrentfste
Il, .ur energies upnn dc exeep.i.a n
,hal sofk. whirh i 10 pass is.rnngh tie
enarr Irng,h RI he state We. 81 ";
aud after il IL finished. Irs Is make sarh
roads. iniesssr.inl il. a. mar hesneces
sary - lnsetihe wait. nf II. nar eifizens. !.
! have no daeb'. s,r. th.l il hi, lnsir line
see established. ue ,hnslt, even wuh-.
oni any I'D frnm the stale. iave ga1d
rns's made fr,n ito sesy .Gniv .awa
1italn mndeFae d..anre. Thi. 10
s.st las o.cutre.Fin a.hsr ar; lid |
IN Ole snie. r,st lhsrs i I,sh'ir ,pin
and ssgar.iy enough smoas nur c.l:z NJ
70 induee them 10 construct gnni losis
81 iaenly Or thirty niles IN length, II Nv
daIng. 90. li.ey reuld reach cnoI inra.
pike TIE srry example n 6ss, re
r.,ai h@ffs lie etss ~ lie cnmmnniry.
aan'd IS unfil great deal. VIA. =
vase nfiahardo ae ~ see m h rh s.vs
b.dfs iai'l ~ in The FIRST insl,net. If
rad l. - rensirarie1 fh7l lie ni.l.llr II
II bid = loser tlan | . -ldss. a. We ,f.
len 0bserse Them. zach hessy rein rem
drrs il slmusl impossible and lie eii.
Gems are 81 iitqaenlly called oui - pat
u IN nidrr. lhh /. eosn rofe labor IL
ten years. than would bt ne.es.a.r 10
ean.'rnc, and KEEP up good Rad.
Having thus. NJ. Speaker. rnl.avn,ef
Id Explain The provisions NJ The hill and
their several "tjsrs. come nu~ IL the
srea, enquiry. haze We lie mfsns 81 Ibis
lime. IN cpnsisnci The work. II We have
noi. Then 1hrrc 10 Al end 10 The quesirrl.
IL &c have not lie power 10 make The
r,,sd. thrn u - ~asie NJ time - discuss
a. mcns. hnld insmv hand On rxhls-
Il Il nHr haancial centi,ion prepared ~
my ieqncti With mach rare b, his ESssI.
ienry Tie Governor. shIeh 1 desire ID
submit 10 the SeGsis. lMr. &. thrn read
~ length siateintnt ~ Tie rsri0ns sour.
CTS ii fesenae sfd Of lie ameunt ifrir
cal from eaeh.l Fran ibis II spres.s ihat
! ih"psh eur ln'tthsi Improvement lunl
s'nnn"'s nav Id only the sum of s333..
DOS 81. yer thai ih,s con. d~rshIy *.
rcsds The stnauui INV Appropriated. w:
S251.0H9 Eaa &C avail ogrsti,ss II
all III tats snm in iha next twa yearst I
tr nkly s.:mn .hstia nv ctaDiun VT y.u.
'na'. iatsar pn,'i"n II ihe an GUN,
insists ~ Cherokee bonds. which. FIR
reasons hat hsss f,fmstls STATED. aiil
! psobsbls m.I bs.assllablr fnr come lime
10 c"ms. The sum &c $4,000. ia The
above s,a,cineni. can be comm andsd al
any Tins.
Tine. tosehsr with see coo ob,sihed
by SIDING the each nov on hand Ia ".
cess III teyeLue ifon, taxation above the
expenditures in the next two years,
makes orIy The annunt Of siO4, OU0.--
lie, ns nas lOok to The state Of the l.i,s.
Tar. Fund. knnw that snme gentle.
men are remarkably sensitive about this
matter. aud express great apprehension
Irs' our system of Common Schools
should be inlerffrred with. tell such
al the oulsei. that the course propose 10
take. ." isr from diminishing this fund.
will. on the can,rafy. benefit IL. The en-
IRE capital Of the Literary Fund 10 %,
lis ESQ 81, invested, 30 | have already
shown. The cash derived annually from
this capital. il 10 made the duty Of the
hoard 10 invest from time 10 time. so tina,
u may no, remain uuproducliSe. They
have therefore been in the habit Of pur
chasing. az appears above, stock in banks.
rail- roads, &c. and also OF lending 10 in
disidusls al 6 per cent. interest. OF cash
nov on hand TO be disposed of, there 10
$4,000. In The next two years, az We
have seen. there will be at least $685.
s2s. Adding 10 This the cs,h now on
haad, We have the sum of S337,535.
SnbTacung from il $50, 900, tue amount
10 be paid IN The next two years to The
Common Schools, provided the existing
law continues in FORCE, there remains
1887 ,535. 10 be invested in some man.
ner. What propose. then, is simply
1osborraw from This anounIsl16.0oo, 10
'aske up the sun appropriated by this
a.ll; aud that Tue Cherokee bonds, a.
aosn.Ing 10 s293. e79. be held 10 pledge
Tor the repayment Of the same. with in.
setes'. 10 there sny risk, whatever. Of
loss, when twice The sua in good mo.
ney bonds 10 ia hand 10 meet the debt,
whenever il 10 desirable that it should be
repaidl Can sou end a better investment
Tor The cash Of .ls Literary Funs. lat
not lar safer an lending il on, 10 indi.
viduals al III: 'ane raie OF INTEREST,"
Does not gr public worh meri. pre-.
terence even Il the securities sefe equslf
II ID PLAN, then, sir, that we have ample
means TO eonsMse. TIE rsai. -
- We hAvs nos. Nv. Spsaksr, arrived a
that poia. iron Walsh 10 nsy vi,h pro-
prlsly consider he edvsah2a hksly 10
result from this sassspsiss. The kssl OF.
jeenoa sonss hoo Nessara eenslegasn,
raey cay. Thai Tarspsks OH 90, assis-
~ .hs cnizsss y 10 WssY Ne. neshing
bus Nail Rpad sM ssss Aar Gishss.
lie dssss0iae 5Asssss s.ksss 10 much