Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1845-07-25
THE $4,000 DOLLARS


Well. the Chronicle set bis head .,s
this week to figure up. how much orN
above sum of the States money-,bs NJ
posit she received from the Geosr.lD
vernmens, has been sunk in Rail Road, w.
He commences by telling his readen 49,
100000 have gone TO Educate II. .hs '
dren of North Carolina. $500, 900 be .s '
was invested in Cape Fear Bank s,o.t
The dividends Of the latter have been ~,
into the Lit. Fund. So n!uch is scconp,aa
for. But there remains 500 ooo 80
where has that gone? Why. he ,sN. ~
the Legislature Of 1867 authorized ssoo
600 of the 81, 400 600 TO be inves,ad =
Wilmington Rail Road stock. Well ,b.'.
yet remains $lOO.O0O-,ha, the Cbron;.l.
says nothing about, where has ha, con.,
We did not confne the Editor down.,
one road, but asked him plain Question
lie has not answered it. We wan,ed n
know. too, where the money was 10 com.
from 10 pay it back when called for, Tn.
81 400, 900. il must be recollec,ed was No,
a gift, bu, deposit of so much money
with the State of North Carolina, 10 Ia
returned whenever the General Govern.
ment calls for it. The four hundred,bou.
sand dollars the Chronicle speaks Of, W,
are inclined to think, come from the Lie.
rary Fund of the Slate, which SUM was
derived from the interest of said fund.- 30
then, it will be seen that there remains 10
be accounted for, $500, 900 of the ST. 400.
600. " here has i, gone? Where is the
Raleigh d CASTOR Road Prehaps little
investigation might open the eyes of The
Editor. The first loan of the State 10 this
latter road was 100000. Ii is we'll known
that the r. & CASTOR Road is insolven,,
and will be sold. sometime shortly, not
however, to pay this 100000. only, for
it owes the State, on the I'd loan 5000 OOo
TO say nothing Of the interest tina, the Stale
has paid, and is bound to pay for this lat.
ter road. The Road may sell probably
for 100000 or $500. 900, not more than
the latter sum is generally supposed by
the best Judges. We will say it will bring
100000. Then there is a dead loss to
The State Of 100000 on one Road alone,
and loss, too, of the very money that the
Federalists would have the people believe
have gone to educate cur children-and,
be it recolected, that North Carolina is
yet bound for the forthcoming of the
81 100000 deposited. This was done,
too. by Federal Wing Legislation as we
are able to shew. Then there is the sun
of $4,000 received from the General Go.
vernment. under The Distribution Ac. Of
l841. The Chronicle tells its readers that
this sum also went TO the Literary Fund.
)" 1t did. but the State had 10 borrow mo-
ney to pay its endorsements for the Rail
Roads.
The reader will see from the above IN
vestgation bow far the arguments oil the
Federalists in favor of Distribution will
hold out. According to the Chronicle
one would suppose that North CAROLYN.
has had giUe,a her from the United States
Treasury, the sum of ST. ,422. 900, and that
the people were reaping the benefits OF H.
or III other words, that there was public
school at every mans door. But it is moi
so. The people receives certain portion
Of the Literary Fund for the purpose Oh
free schools, and they are taxed besIdss'
as the following table, furnished us at our
request. by Gen. Mars,eller, Clerk oil sna
County Court of New Hanover, will sbeS'
to pretty round sum.
July 23d, ls4''
| SlR:
In reply to your note of this morning.
have to inform you that the amount Of tun0' ~
ceived by this County, from the Liefary D01'''
and from County Taxes for School purposes .
follows, viz: ,x
| r.. Y.... D., Flynn County