The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1843-03-02
ORIGIN OF THE STATES CONNEXION
WITH THE RAILROADS.

The Raleigh correspondent of the Hall.
: Tax Republican gives the following correct
account of The circumstances WHICH produe.
ed the connexion between the State and the
Railroad Companies. Nearly every fact
mentioned is within our own personal knowl.
edge. TO Mr.. Haywood, and other leaders
OF The Locofoco party, is the credit emphat,
lcalIy due, of having involved the State in
those heavy losses now SO much complain.
ed Of by the party :-Fdyetterine OBS.
RALEIGH, 4lh Jan. 1913.
Two subjects of deep and momentous
concern not in'rinsically of political char.
acte., bu, made SO 10 considerable extent
by the Locos, are now engaging the at,en.
ton OF the Legislature, Railroads and
the Banks, The Locos on the FIRST subject
had the audacity the other day TO charge
the Wings with being the authors of all the
evils of connecting the Roads with the
State: they were answered in manner,
which they will not soon forget.
Alter the SMOKE Of the battle had cleared
away, these facts seem to have been admit.
ted by all es,--ihai in the year 1886
Mr.. VIM. II. Haywood's elosuence and in.
fuence induced the first investment ever
made by the State in Railroad that on
proposition to dispose Of the surplus revenue
then lately received. Graham, Joyner, and
Moore, reported scheme 10 the Senate,
to lend out all that was needed to pay pub.
lie debt then owed by the State, and to sub.
scribe three hundred thousand dollars in
the Cape Fear Bank. Bills to carry into
effect these purposes passed the Senate,
which was then Wing, and came to the
Commons then Democratic, where the plan
was wholly changed by the influence of Mr..
Haywood, aud six hundred thousand dollars
subscribed in the Wilmington and Raleigh
Railroad. For this good service done 10
that company, Mr.. Haywood has ridden on
the Road ever since with free ticket, and
has a hundred times, boosted Of that achieve.
ment in the Legislature as the chief glory
of his life.
1t further appeared that Saunders and
Henry had both warmly urged and memoir
allied, with great eloquence, the Legisla.
ture o.! 1888 to endorse the Raleigh and
Castor Railroad Bonds for five hundred
thousand dollars, that they bad further re-
commended that the State should borrow
three millions of dollars 10 bulid Railroads
elsewhere in the State, and especially one
from Fayetteville towards the west, whose
Costwas estimated two millions ofdoisrs.
The State in this was to take sixteen
hundred Thousand doiarsl
Ii further appeared that at the Legisla
ture Of $40, Mr.. Haywood wrote Bill
which was presented to the House and re.
jected, and containing his plan of relief for
the CASTOR Road; which plan 10 short, was
to lend to the Railroad three hundred thou.
sand dollars to be paid to the State in stock
al fifty dollars share, although said stock
was ihen worth from one TO tpo dollars
share only.
Does i, not strike you with astonishment
that the Democrats are always brawling a.
gainst Internal Improvements, and yet they
are sure never to think man worthy of
any elevation unless be has been the fore
most champion of what they so especially
condemn?
They are downright hypocrites on this
subject.