The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1843-02-16

Total amount S4,4OlS 4.G25 ll,O3s
The DEBrs As OWED AT the TIME or MAKING rHr
REPoRr.
II Loeos, including the Cowan Debt
contracted by Fisher, S50,2ll So
Owed by Wings, H.si9 90
Owed by Ladies' and notes substituted
for the notes OF Ladies and Profess
sors; and loans made under Resou.
ton of Legislature, and to pay the
State debts, 1883 90
Now, Mr.. Speaker, is il true that favor
liism has been shown And If so, BY
whom IL will be remembered that the
first Board consisted, as y al he seen hy the
Committees Report, of tro Democrats and
one Wing. Is II true, that the Board have
made loans to 40 Whigsand 10 the amount
OF s97 ,462-and TO but six Democrats, the
sum Of Sll, 4s6! 10 some instances, the
det.s stand 10 the name Of Wings, who
have assumed 10 pay them, when they we're
originally borrowed by Democrats. And
IN Que instance, have placed a large debt,
now standing in the name Of Wing, 10
the Democratic column, because, upon NV
application at the Governors Office, from
the Document on file there, | have ascer.
tanned tina, the debt was originally nerotat.
ed and contracted for by Democrat, for
himself and others, as Company. al
Jude to the debt Of Mr.. Cowan. 10 whose
name the debt now stands, and Who, 3 ap
pears from the Repor! of the Committee,
has assumed the paymen, of il. The pres
ent Board have made but few loans, excep,
when specially authorised by law, as in the
case of Wake Forest College, and for the
benefit Of the State, as in the loan 10 Mr.,
Badger, Mr.. Stone and Mr.. Mason, to nav
debts due from the State. And certainly
IN regard TO the transactions of the present
Wing Board, there can be 10 pretence oil
fayortlsm. Their account is a short one
and can be easily understood. In regard
to the loans made by the original Board, the
charge IS equally erroneous; and indeed, i,
wound be strange species of uyoritsm for
Democratic Board, as ii then was, 20 be
extending favors 10 Wing applicants. And
II TINS Grs; Beard Lad even preferred 10 lenc
TO hIgs, rather Than 10 their Owl r..eads
i does not become the Democrats 10 com
plain Of the conduct Of Democratic Board
and TO charge 10 the account Of the Wings
not only their ogp, but the faults Of their
opponents.
But, Mr.. Speaker, | do not believe, and
so the Committee found that any fault can
be justly ascrbed to either Boatd. And |
rejoice in this belief. lregre,, that, at any
time, an attempt should have been made to
manufacture political capital out Of the man
sgemeni ofthis fund. The Literary Fund
has been prudentIy and well managed. Il
ought TO be regat1ed as sacred-it was Is
tabiished for great aud wise purposes and
both political parties oush TO feel interested
10 preserving It from The pollution Of party
s,rlles, pad IN applying IT'S income steadily
10 the benevolent ends FOR which il was ere
aief, without endangering its usefulness BY
1ur;rh ~!lh The miserable struggles Of party
warfare. | have felt it my duty 10 max
this statement, 10 justice 10 the Board, to
the Committee, aud myself, member Of i,
and TO prevent anyerroneous impression
from being made on the public mind from the
article to which have alluded, and IN re
gard TO tie matter Of which, the Editor as
certainly misinformed And hope and be
leve, that when the facts dre investigated,
he will correct any error that may have
been committed, or Injustice done.