Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1848-04-07
$2l,256 IS
1925 90

Making up the sum total OF S2l,2oo 70
The revenue of the town for the year 1848,
under the present assessment, appears to be
about S11 500, exceeding the current expenses
of the town some four or five thousand dol
liars. This appears necessary, from an ex-
traordinarv call upon the Commissioners at
this time for the erection of a new Market
House, which requires about $4,000. And
unless some other extraordinary demand should
be made upon the Treasury, il is evident that
upon the present very low assessment upon
property within the present corporate limits
of the town, the revenue would exceed the
current expenses, by about 4 to $4,000.
But should the limits of the town be extern
ded as proposed, and suppose that the tax up
on Real Estate be increased to one per cent,
the amount authorized by our charter for mu-
niclpal purposes, and we have an annual sur
plus revenue of fourteen to fifteen thousand
dollars.
The following resolution was then read and
accepted by Col. McRae, in lieu of the one
heretofore offered by him at a previous meet.
ing, and after discussion, in which Messrs.
McRae, Gov. Dudley, Jas. s. Green, o. G.
Parsley, T. w. Brown, George Davis, John
A. Taylor, Gen. James Owen, E. D. Hall and
James A. Bradley participated, the resolution
was adopted:
Resolved, By the citizens of Wilmington,
that the commercial and political advantages
which must accrue to the town, by the opera
tons of railroad between Wilmington and
Manchester, in the State of South Carolina,
are such as to render it highly expedient that
we should secure the completion of the said
road, by such a subscri ption TO the capital
stock for its construction as may be necessary
| for that purpose and therefore, that the Ma
gistrate of Police and Commissioners of the
town be, and they are hereby, respectfully re-
quested and instructed to subscribe or guaran-
ty subscription on behalf and in the name
! of the town of Wilmington, in shares to the
amount of 100000 in the Wilmington and
Manchester railroad company, chartered by
the States of North and South Carolina.
Mr. Edward D. Hall offered the following
resolution:
Resolred, That the freeholders of the town
express through the ballot-box, opened for
the occasion, at some future day, their assent
or dissent to the subscription on the part OF
the town OF one hundred thousand dollars in
| the Captal STOCK OF Inc contemplated railroad
from Wilmington 10 Manchester.
Mr.. Parsley offered the following amend
ment thereto:
| RESOLVED, That committee of three be ap-
pointed to call on the citizens of Wilmington
to ascertain their views in regard to the sub
scription to the Wilmington and Manchester
railroad company, authorized at this meeting
Which was adopted.
Messrs. Parsley, Geo. Davis, and Robert B
Wood, constitute the above committee.
Edward Cantwell, Esq, moved in addition
to the last resolution the following:
Resolved, That the committee as above ap
pointed, be instructed to report at an adjourn
ed meeting of the citizens to be held on Tues
day night next, at the Masonic Hall, and tina
in the meantime the Commissioners of thu
town be instructed to postpone action in TIT
premises.
This resolution was adopted, and the pro
ceedings were ordered to be published in thu
papers of the town.
No other business appearing, the meeting
adjourned.
JAMES T. MILLER, Chm.
T. BURR, Jr., Sec'y