The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1848-12-20
IN r. y = A G. T.
MS EXcELLENCY THE GOVERNOR,
Transmitting Plan by which n Company
might he organizrd, to establish
A Continuous Line Of Rail Road from
CASTOR 10 Charlotte.
Raao

a CONTINUOUS Line OF R1ll ho1d from
CASTOR 10 Charlotte.
December, 1918.
To The Senate Of North Carolina.
In answer 10 the resolution Of your IIo-
norable Body, adopted on the 30th uliimo,
requesting the Governor 10 communicate
plan. by whirh a Company might he
organzej, to establish continuous line
nf Railroad from CASTOR to Charlotte, in
which The State should become Stock.
holder. and to whirh she might transfer
the Raleigh e. CASTOR Railroad in pay
ment III her subscription for Stock, as in
limated in his Message: | have the honor
herewith TO lay befole YOU y memoran-
dun and project Of such arrangements as
are, in my opinion, necessary fnr these
purposes, accompanied by further me-
morandum Of statistics of those portions
Of tile State that lie contiguous to that part
Of the proposed road which Is vet to he
constructed. ! also send with the same,
small map Of the State, with a straight
black line drawn from Raleigh 10 Salisbu.
ry, and thence TO Charlotte, representing
the new work projected, by the most di.
rect route. What deHcctions from this
may be necessary To secure one most Ia
vorable for the objects intended, can only
he determined by practical engineers. up
on reconnaissance and survey Of the
country.
II will be perceived that the plan pro-
posed contemplates three objects, name.
ly: Isl. The construction of a great work
nf public improvement, of inraIrulahle va
lue 10 the stale. ID. 70 adjus, the suits
peudng against The Stockholders aud oh.
ligors Of the Raleigh and CASTOR Railroad
Company. by requiring them to subscribe.
or TO procure subscriptions, TO this new
enterprise, 10 an amount equal To what
might be recovered against them: so tina,
the Stale may obtain The benefit of such
possible recoveries, in the construction Of
an important line Of railroad. and the de-
Pendants may pay them without ruin. and
with prospect Of ultimate remuneration.
Sd. TO convert the States investment in
the Raleigh and CASTOR Railroad, now
yielding mo profits. and requiring ,expen-
sive repairs 10 enable il 10 do so, into a
stock oil S5O0.0O0 in line of near three
times It's leaglh, whirh may he aplIy com.
pared to a toll bridge uniting The roads
North and South of us. and therefore hav.
ing The most reasonable expectation Of
profits OIL its capital. from distant lr MS
porlation, as well as from The great increase
of that nearer home.
From The memorandum nf statistics
herewith sent, it will he seen that the
projected road, by the direct route. would
pass Immediately through counties con.
tanning a population, according To The zen.
sus of 1910. of 100000 persons, and real
estate valued in 1917 at $4,000, 900 tina,
> in the. counties within twenty-five miles
thereof there is population of 100000,
and real estate 10 the value of 500. 900. 900;
and in those within fifty miles. the popu.
lalion is Al 900. and the real estate Va.
lusd al 80 100000. If 10 these we add
the seven counties west Of the Blue Ridge
whose inhabitants, By means of this work
would be brought by three days journey
nearer to New York and to their own
seat of government, and Warren. Halifax
and Northampton. situated on the pre-.
sent road, and therefore to be benefited
by the extension westward and south.
ward. we shall have population of near
100000 souls. owning lands valued al
more than $40,OO0,000: that is largely
over three ftihs Of our whole population
the proprietors Of two thirds in value ol
. our entire real estate, who may be said 10
have direct local and personal interest in
its construction. What business would
be furnished for rallrosd, by moral. in.
alustrious aud energetic p'pulatijn Of Thu