The North-Carolina standard., 1847-08-18

llper mile |. three thousand dollars. mail pa
tg2S7s SO per mile, freight $500 per mile. making
V3,7 81 90 income per mile per year. elss .sJs.a
4 The estimated expenses for this large amour
lof business is 81 $50 per mile per year, leaving
i$2,4S7 SO per mile profit, on an expenditure o
ESl0 Geo. cost of the road per mile or a profit o
nearly 20 per cent If the data upon which the
lcommiltee have based these calculations be correc
and the results they have produced approximate
towards the truth, then the committee ask, where
Ican be found a scheme presenting So great an In
ducement to the capitalists of the country for an
toppertunity for safe, permanent and profitable in
vesIment of money! -.sss -.f - so 20. a9a
the committee for want of time, as before sta.
ted forbear to present the great national benefits
of the road or TO point out the local advantages
1that would accae to the whole country along the
route, or make comparisons with other roads by
detailing the great superiority of this scheme over
all others--but they cannot conclude this report
without expressing their deliberate convictions that
the connecting link in the Metropolitan road is
now placed beyond doubt Therefore a $50 l..t.
Resolved. That the completion of the connect
ing link, in the Metropolitan line of Rail Road is
matter of vast importance 10 the towns Of Cam
den, Cheraw, Fayetteville, Raleigh and the region
OF The country through which it will pass, as well
as to the Rail Roads North and South, which il
will connect and demands the most prompt, Wig
orous and active measures, for its speedy com
mencement and completion.
| ResoLreG, That the Convention do present this
scheme to their fellow citizens of North and South
Carolina, and to the capitalists of the country, as
work that affords an opportunity of a profitable
and safe investment of capital.
Resotred. That survey of the route from Ra
leigh TO Camden, be forthwith commenced, and
that the funds for this purpose be paid over, in
South Corolina to the commissioners at Cheraw,
and those in North Carolina, be paid over to the
commissioners in the iown of Fayetteville, and
they be respectfully and earnestly requested to
have the survey commenced and completed with
the least practicable delay. - -.. ..-.......
Resolued, That in the opinion of this Conven-
tion,any amount paid by individuals in and of
the survey to be made of the contemplated route.
might be allowed to each, as so much money paid
on the stock 10 the said road - T. ...,. 7..s;..'.
..t l,.r ~.. D. G.. HARLEE, Chairman.
Mr.. Hollister, Commissioner for RaIeigh, ar..
Mr. Wlnslow, l..r r." { a. " Fayetteville,
Col Haree, /" - ss'. "Cheraw, and
Mr. J. Shannon . &C, f....- Camden, ,,re-
each reported that sufficient fund had been rails
ed to complete the survey through their respective
Districts. -a-F s--.... Ise.5 a-.. s ...la .s.
On motion of Maj DeSaussure, the thanks Of
the convention were rendered to the President, for
the ability and urbanity with which he had pre-
sided ever the deliberations of the Convention, to
which Mr.. Winslow replied in a speech Of some
length and great ability, affordmg much interest
to his attentive audience. a5tt ..- 20 fl.
On motion of Major Boykin, the Convention
then udjourned. sine die. rtF r-fT-s.'
s.. 'a1na EDWARD E. WINsLow.
J1nEs Mana cHEsSVT, IS Js: secre.arics.