The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-12-01


CITY of Raleigh, TO some point Westward,
selected with view TO It's ultimate con,lR-
uance TO the extreme West, requiring the
Corporation TO commence operations at
Raleigh, and to finish specified sections Of
the Road, within specified periods, and
making il forfeit its charter Us to all that
part OF the contemplated Road, which is
not finished within the time prescribed,
but granting the privilege TO charge Tolls,
on all such parts as are completed, having
due regard to the citizens of the coun-
ties, through which the Road may pass,
SO that they shall not be harrasscd by I'M
necessary exaclions on those parts Of the
Road, lying in The counties where they re-
side. Such Charter would hold out IN.
ducements TO capitalists, to embark in the
enterprise, rs they could abandon it, when
ever they found ii was likely TO be injudi-
cious. and yet retain what they had finished.
Should this Road be continued to Waynes.
boro', which might be done at COMPARE
lively small expense, the Farmer would
have the choice Of markets, of Whining
ton BY the Railroad, or, Newbern by the
river Neuse. This Turnpike, it is conf
IDENTIFY believed, would aid greatly to sus-
tain the Rail roads, aud, at the same time,
give to Industry, facilities, to which il is
now stranger.
In connection with these Roads, | will
again invite your attention TO The facility
with which the State can be called upon for
payment. If either of these Companies
shall fail "lo pay the principal and inter
est as it accrucs, the Public Treasurer ~
authorized to pay the same, out Of any mo-
ney in the Treasury at the time" aud for
this the faith Of the State is pledged. BY
reference 10 the amount oi smi-anuual in
terest, and annual payments of principal,
which are required TO he paid, II will be
seen, that II IS not probable, nor indeed IS
it necessary, that there should be III the
Treasury at all times, an amount falibcleGt
TO meet these contingencies, which, II Is 10
be hoped, will never happen. Yet, as they
may happen, and as the pledge Of the State
must be kept under all circumstances, in
violate, and its faith sustained, | recom-
mend that the Treasurer have authority TO
borrow from our Banks, u sum not exceed
/ ing, at any one time, the amount which tie
State may be required TO pay between the
sessions OF the Legislature, aud that these
loans be contracted only as the demands
are made, and after the funds belonging 10
the Treasury are exhausted.
By Resolution Of the last Legislature,
/ the Treasurer was directed to borrow from
the Literary and Internal Improvement
Funds, such surhs as might be necessary 10
defrav the expenses Of the State. until the
lst Nov. lsi.-e be, at 10 time, borrow
ing more than is required for the time be.
my" and the officers, having charge OF
these Funds, were directed thus to loan
them. The inconvenience OF this plan, to
supply the wants of the Treasury, is expe.
renced in this; 4 large amount Of these
funds have to lie idle IN the Treasury, TO
be ready when the Treasurer may wish to
borrow. The Boards, having charge oftho
funds, arc thereby restrained from seeking
for them permanent investments, and the
profits which ought 10 arise from SO large
an amount, is greatly diminished, a. il il
not presumed the Legislature contemplated
paying interest on any more than was nc.
tually used.
As these liabilities Of the Treasury arc
to continue for yeats TO come, il is The part
Of prudence to make provision 10 meet them
promptly, no matter how sudden and unex.
pected the call.
would respectfully invite your attention
to the Public Higbtays generally. In the
Eastern section Of the State, the variety oi
nayigable sounds, rivers and streams. and
the excellent adaptation OF the face Of The
Country TO good Roads, render Legislative
negligence on these subjects, less oppres.
sive. But from Fayetteville, the highest
point Of good Navigation Westward, fand
the only navigation in Our own State, Ia
that direction, excepting the slight battcau
Navigation OF the Dan, as high ns tho
County OF Rockingham to The Bunconlbe
Turnpike, distance Of some two hundred
aud fifty or three hundred miles, what nav
lgabe Stream, Rail read. Turnpike, or
HcAddmzed highway, gives 10 the labor
er facilities Of transpe tation None -
literally, none This vast extent Of Ter.
rltory, reaching from the Blue Ridge in the
West, 10 the alluyal region in the East,
and extending across the whole State, il IL
believed, will compare with my spot upon
the globe, for the fertility of lis soil, the Va.
rlely of its productions, the saIubrity Of lis
climate, the beauty Of its landscapes, The
richness of its Mines, the facilities for man.
ulactnres, and the intelligence and moral
worth Of IT'S population. Can another such
Territory, combining all these advantages,
be found upon tho face of the whole Earth,
50 wholly destitute Of natural or artificial
facilities for Transportation
direct your attention to the wants of
this portion of the Siarc-it is the business
Of your wisdom 10 supply them. Fayette-
vile seems naturally TO invite the com
merce of the West. Her river affords az
good and durable navigation as most rivers