The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1849-07-04
Ffam lie Salisbury ws,dhm.n.
HOW TIE RAIL Road Ii TO BE
BITLT.


LABOR. II l. T. bs burr ard ne cars run
hing in ihlee years from Ihis lime and q
: 10 be Owned. that Is. 10 The amount q
ihe million Of dollars. whieh individuals
are permitted 10 subscribe. BY persons
living along the roulr. and they mol out q
pocket single dollar
The Convention upon two points ex-
pressed IN entirely unanimous opinion
III, that subscriptions could be pad ~
work IS well a. IN money. ID. thai ~
leuing oni contracts. subscribers should
have The preference :.
The distinguished reputation Of seEersi
Of lie more prominent memhefs 81 lie
Convention gives great weight 70 The re-
sub Of their deliberations.
When i, l. considered too. thai The IN
silnsl subscribers or stockholders will. Tor
lime Al least. have the entire control OF
The operation. Of The road. there ran be no
doubt the plan Of The Convention will be
adopted.
This fact then being know throughout
The STATE. subscription must 60 on freely.
literally. There is vest amount Of Ia
Dor in The country, seeking investment.
labor, II presen, poorly employed. poor
IL paid. Aey kind 81 employment 10
which il might be adapted, and which
would pay well. would be gladly sought
By il. Now The work upon the Rail
Road is exactly the employment IN ques-
tisn. There will be expended IN The
State upon line Of road little more than
two hundred miles in length. about lso
millions of dollars. We allow one nil.
lion for purchases. which will have TO be
male oul Of the State. the iron, The loco
motives, &c. Nine or ten thousand dol.
lars q mile will then be paid out along the
fosi. Some six thousand of this will he
paid Tor digging dirl-diggins down hills
aud filling up hollows-ihe balance Tor
lumber. for rick. fcr brick. for building
bridges. depois. water sislions. &c. Now,
al This is iusI Tie sort Of work that The
people Of The country wan, To Gel hold Of.
Digging earth, cutting down trees, saving
timber. blasting rock, making brick, why
il is Just 10 our hand. The material is all
around Us and costs nothing. Only
conlrive 70 feed and cloihe hands, and
and lie balance j. clear profit. Now. who
does mol know that IL an agent were TO
pass through this country, with the cash
IN his pocket. offering TO make cash con-
tracts OF this sort, thai he would get any
amount taken that he might visit Hal
the labor of the country within ten miles
and put TO the DIRT cart and scraper. Peo'
pie would quit raising grain 10 sslI-a
any rate ill il got scarce enough u carr,
prices up 10 what they ought 10 be-sht
every one would be sending of all III,
force he could possibly spare 10 The " Raj
Road"
Now This wont be exactly the slate O
things upon our Rail Road. II wont b
al cash. ToenItle person 10 gel con
tract he will have 10 subscribe 70 The road
and subscribe beforehand TOO; Cor The sub
scripiion has 10 be all made up before III
work is lei ouI-bul then in addition I,
these subscriptions, there will be Of mo
ney paid out, million al any rate iron
tile State. and as much besides-say hal
miliion-as may be subscribed Gy pei
sons who don't wish TO take contracts, an
he il wise, in orr opinion, who places him
sell in condition 10 get share.
This then, vii. be the operation Of th,
thing. A man subsrrIhes for len shares
Al . hundred dollars each. and pays pc
cent. that is fifty dollars al The time o
subscribing. When The subscriptions ar,
all made up, and Ire coniraris come to b,
lei Out. he takes one for. say half mil,
oigrsding, al twenty -four hundred dollars
lie is 10 have two wears 10 do the worI
IN, and is TO be paid every two months 70
what he has dune. Every two mouths al
inslsllmens of the subscriptions, say fiv,
per cenl.. Is called for. lie would hav,
two hundred coming for his work. aft
would gel $50 in cash. and receip
for 6fiy, the amount Of his insiallmeni
Al the end Of the two years, when he ha,
completed his work. he would have receiv
ed $500 III cash aud would lave paid of
$50 Of his $1,000 subscriptions. leaving
$50 10 be paid in The seven insiallmeni.
running through the following year. lie
would then get $500 in rash aud Ter
shares Of stock, nolpinally worth 800 pei
share. Now. whether those shares 81
stock would sell in market for 500 oil
for sll0. or FOR only fifty. no one can al
present tell Many persons are ofopinior
iha, alter The road gets wen Tito operation
the stock will pay good dividends. and per
haps be above par, as is the case with a
large proportion Of the Rail Roads in The
United States. But, however this may
be-aliiiough person may sacrifice one.
two, three. or even five hundred doIlals
on his stock. sill he will he gamer, and
very largely upon the whole. The les
tenei force lefi upon his Farm may have
made smaller crop than beihie, but then
A mill hare f.oe, he,tar taL 81, M. -. ~ .I