Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1845-06-06

Mn. EDlToR THE Chronicle If
tanned an article over the signature Of As Co.,
that struck my attention very focibyv "'0n'
should be acted on. the ,o.s, IL.
be an increase of 100 per cent in tho YOU'D
commerce of this town in less than tve,,o AID
after the completion Of the Road. From 1'o'th'
knowledge of the proposed route Of u. slight
have no doubt an immediate increase offs, Mag ol
worth of produce would find its way to HI; ''N
ket, for sale and expectation. Our .rro.. Oar
time, are worth nearly sl,sOoOoO De, =. Na
some say more. This, sir, is my idea of a. '0'
mercial advantages that would result from q 'a
struction of Railroad as proposed by Co.,
Independent of the steam communicates. ' ''
bind us, the extreme North and South :. "uSa
by the rapid strides of the Steam Horse o- 'ae'
wide extent of country. us
am we'll aware, Mr.. Editor, that m,rr
persons would hesitate to take stock, b.,;a
fore their eyes the great depreciation in H..
of the stock of the Wilmington and RaIs;o, n
Road but these cautious persons will pleas. '
a moment, and recollect, that there is ,..
improvement in the age which reduces tho
works of this kind so per cent. in the cons,,n..
since 1885. And again. this proposed Road n.',
go through the richest portions of our State ,,hs
with the connected line of travel, would no donI'
render the stock profitable to the holders, and MIL
much improve the financial condition Of tbs W,
mington and Raleigh Rail Road, as it would a..
way with the necessity of their sea boats wb;.,
would be great saving of expense
Mr.. Editor; think the above project r,.,.,..
strong claims for the energy and action Of e,...
citizen of Wilmington and resident on the proOo..
ed route, and think that meeting of the c;h,.,.
of Wilmington should be called at an early pp,;,,
and the merits Of this enterprise discussed bto,.
them; and sir, in my opinion, this should b,
spontaneous meeting of ali the people. vho, A..
more or less interested in the prosperity Of or,
town and country. And, let the shares Of Sim,
be $40 each so that it can BIZ taken by all and Of,
cry one SO disposed, and to be paid by lnstamepI,
as the Road progresses ; specified amount to BE-
paid at the time Of subscription, and my word for
it. sir, if this enterprise can meet the appreciation
OF the people, it must succeed, and the stockho.
dcrs be amply compensated fol- their investment,
The Wilmington & Raleigh Rail Road has added
much to the commercial advantages of this town,
and it is my opinion if that company was now out
of debt, it could declare respectable annual dv.
dend, as it is ascertaincd fact that the receipt.
Of the company are growing larger and the e1pen
ses are decreasing, ana the completion If III read
would be a very desirable object to the holGeB o.
the stock Of that road. AS ii would at once lessen
their financial endorsements, and it particularly
becomes their duty to put their shoulders to tn.
wheel once more and help to put this enterprise
in motion; and let them not look back, but appIy
the old adage "where they have lost one dollar put
another on the same spot to see If both cannot 10
| found"
Before conclud ng will take the liberty ola
small DEPRESSION from the above subject by making
a small suggestion, which, if acted on, will Slight
ly improve the commercial prosperity of this town
that is, where a poor but industrious merchant
particularly if he is young man offrTs good
endorsed note for discount at the Banks in this
place, in the name of humanity" if not justice,
let the Directory give it the preference over the pa
per of the rich man, and let those who Lave the
means, when they go into poor mans store to
purchase an article Of merchandse, pay fer Ion
delivery, and they will save many an aching pang
to his heart. Prompt payment is the life-bIOods Ct
trade, but fear there are rather too many slack
paymasters in this community.
PERSE 1'ERANCE.