Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1847-06-11
WILMINGTON JOURNAL.
Friday. juno ri, iS47.
nItR RAIL ROAD SCHEME.

import to the people OF this secuoh o. NORM
Carolina The runor we allude TO is, that
certain capitalists from the East-from the CT
~ of Boston-are now in North Carolina, for
the purpose of completing negotiations for
the building of Rail Road from Raleigh TO
Columbia or Camden, South Carolina. AS
preparatory to this step, the said rumor says
that these gentlemen have already purchased
the Portsmouth and Roanoke Rail Road, and
that they intend to purchase the Raleigh and
CASTOR Rail Road, now the property OF the
State of North Carolina The rumor" is
startling one, but still we have it from gentle
men who seem to believe it. If true, it is GER
tanIy one which deeply interests the people
of Wilmington and not only the people OF
Wilmington, but the people OF this whole Sec
ton of State 1t will be recoljected by our
readers that an act was passed at The last ses-
sion OF the Legislature of North Carolina, in
cooperating a Company for the purpose of re-
building that portion of the Portsmouth Road |
living in the State of North Carolina, from the |
town of Weldon to the Virginia line This
act after prescribing the mode and manner in
which said Road shall be built, &c., authori-
zes the Company to continue the said Road
from the town of Weldon to any point on the
Raleigh and Castor Rail Road, which said
Company may deem expedent. Well, rumor
says that these capitalists have already pur-
chased the Virginia portion of the Portsmouth
Road, and that they are now negotiating with
the Governor of North Carolina about the pur-
chase OF the Raleigh and CASTOR Road, and
also about the connection between the Vir-
ginia line on the Portsmouth Road and the |
Castor Road-that if they should be success
ful in this negotiation, it is then their inten-
ton 10 commence the building Of Rail Road
from Raleigh to some point on the South Car
Dina Rail Road It will be recollected that
charter was obtained last winter for the con-
struction of such Road. 1t is further stated
that these gentlemen have ample means for
carrying out this scheme, should they be able
to make the necessary arrangements.
The above statement of facts, if true, would
present to the people of Wilmington, and, in
deed, to all those interested in the Wilmington
and Raleigh Rail Road, the very gravest con-
siderations. We have obtained charter for
the Wilmington and Manchester Rail Road,
and we, for one, firmly and conscentiousy
believe that the parties Immediately interested
in the construction of that Road can build it,
and that forthwith, if they will only determine
80 to do. Indeed, we feel confident that the
Road will be built at any rate but what we
would endeavor to urge upon our readers is
the necessity of acting promptly and vigorous
iy, and that without a moments delay. We
have said that the parties Immediately inter
ested in this great work can and will build it
themselves. There is no doubt of this. Just
let us look at the matter a little The whole
estimated cost Of the work is one million five
hundred thousand dollars The question is
What are the resources from which this sum
of money is to be raised We think that if
the proper spirit was only abroad, we could
demonstrate that they are ample. In the first
place, we will take the Stockholders along the
line of the old Road. They cannot but know
that they are as deeply interested in this great
work as men can well be. They own over
three hundred and fifty thousand dollars worth
of stock, which is now comparatively worth
less to them, but which would, in the event of
the new Road being built, he redeemed, as it
were. How much ought they--or rather, how
much could they, subscribe towards the new
4ho 81 hold
along the line easily subscribe 100000 .
Would it not be their UitaL interest 10 do so ?
We put the question to them. They could
easily do it and we think they will, when
they look atthe matter properly; and we call
upon them to do so. We will next take the
County of Columbus Uhe only County in N.
C. through which the new Road will run y
She can, and WILL when the matter is fairly
brought before her, subscribe in money, labor,
and materials, fully $4,000. Of this we feel
convinced. Now we come TO the town OF
Wilmington. What shall we say about her
We will say this The TOWN OF WHINING
TON WILL AND MUST SUBSCRIBE 10000 -
This looks large, but Wilmington can easily
90 it and more, she must and WILL do it
Well, then, how much can the South Carolina
Districts, through which the Road is to pass
subscribed There is Marion. Sumpter, and
Darlington. We feel convinced, when the
thing is properly tested, that South Caroline
will subscribe S4OOOOO We ask the SoutI
Carolinians what they say to this' From
sources upon which we can implicitly rely
we learn that this amount can be easily raied
in South Carolina We mean, OF course, f.
money, materials, and labor. Now let us Ee
what sum these amounts united, would NAB e
The stockholders along the line OF the old road sl0d0G
The town of Wilmington, S0I00
Columbus County, 5000
In South Carolina, 4O0NU
s85OU0
This would insure the work WE'LL in ad
dIton to this, we have no doubt, from the in
formation before US, that if the work was on
Iy once commenced, the State of South Caro-
Ina would lend helping hand She is NOR