The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1849-08-01

ngaan laseiga market. SUCCESS would e
acre han doubtful. II i sery desirable.
II possible. ID absolb tbs pubic dfbl gem
eralls among ourselves. aId ,his | link
mas d accomplished u sery great -
lrni. ii iAO WAYS. lilsi. many II Tic
contractors nIll ~ able AID willing ID re-.
iain considerable rofiinn u their Teeelpls
II his permanent. anil fin iliai reason sle-
ssgAblr. species If iarssimrni sfronI.
/ IT. 4 still larger am0nni max find lss way
intn iie hantls / flusiess, - constituting
spr Item ilIe safest ani ms. soaktniens
sprriss ii investment.
II England. gn..rnnsnt ssa.ks are
considered b, lie Counts saler Than lndl-
siial securities. an u course trustees
seek snslnn.is ior opportunities q invest
II Enhl funds. Legal gen'lfmeu Of high
repaialion sssufrs ne ,hsI tie tisofgia
i iale authorizing executors, guardians.
mi tEns.ees ceuerslls, - invest lr'ls1
funds ii Ills way. las MOI merely proc
uuesL gfeat demand ior Stale serip. but
- sa.ed ny N nlphan from Iu,n. Onr
General Assembly will lind no dill u.iy
iii messing her engagements. II ssle alli
merely exampl htr scrip from iaNsIiun,
aud authorize trustees % purchase il.
The SECOND branch Vi inquiry now
returns upon u How can the individual
subscription be obtained and paid
j must b. eAcassd fDG tnlering upon
The consideration 81 this question in de-
nil. A portion, appreheId 70, large
Que however, will BIZ subscribed by cap
nsli.ts, and others. from motives ot in.
intess u patriotism. Tie pfopr,sioIs II
lsni, ho@eter. lang wllhIn = lev mllfs
81 Tie line Ut the ,uatl, must I.ly mainly
upon i.isu oaaI resources. lican lie "a ade
clear Il the most ordinary cspscA, thai
II - their interest and their duis to sub.
scribe and paY laE the stuck without hes
il4linu Or delay.
The aiea 81 tie Sac oil hnilh Carroll.
IA j. ordinarily computed 10 be $500
square miles. No g.ugr -phtr. he:lste,
has ever supposed il IL exceed $4,000
square miles, or - M lions Of acres.
That portion o! This sggtegste surface
which has been palenied, anil gwen in
inr isxaiian. Mas assessed ~ 1877 II more
than D6 millions. Tie average value
therefore II tie entire surface Vi The Stale
eAcseds 50 per acre. Tie proposed line
Of road ltom Gnll,borough IL Charlotte
passes through tic hear, Of tie Stale. aud
il i confidently believed. thai bell ni
land eight miles in width and 3l0 IN
length, will sNhibIl sn area vi greater
average value lnan ans Other tact ol equal
width, between any two points equally
distant that csn be SCH cled III The State.
There can be no difficulty IN arriving ii
The conclusion iion these premises, that
the average value uf this belt al present
exceeds 50 per acre. II will &c found IL
contain l,6s0 square miles, or l,075,.0U
scra..
What will be the elTtcl Of tic consirur-
ton Of lie ,oad upon lhe value 81 the
land WITHIN The limits suggested. Tie
experience Of our sister Slaies, and espe-
ciatly thatoI Georgia. i. wholly deceptive,
i u dots mol increase the value more Than
81 per acre, 50 that il 50 be the present
acreage value oil the land. il will exceed
81 when sle road shall be completed. Il
this be true, the enlne stock NAV be Ia.
Ken by proprietors of land within iour
miles, without reference to dnideads, aud
without possibility Of loss. am well
satisfied. that there are msnr tracts oil laud
in The Counties Of Rowan, Davidson, and
Dagle, which might now be5purchssed al
80 per acre, whtchli they could be itans-
ierred To The neighborhood OF u Georgia
or South Carolina rad road, would readily
command $40. The land cannot be 10.
moved, but the rail read can he made T.
approach the land, aud similar silrcs be
produced.
The such must be the result may be
demonstrated, not merely from the effects
produced elsewhere, but within our own
borders. The Raleigh and CASTOR, and
the Wilmington aud Raleigh Il nj Roads,
have thus far proved disastrous expelt~
ments To the Individual Stockholders. Iery
different has been ,he elect upon tie gen
eral interest OF tae Stale. The only too
assessments Of lands ever made under the
su'hn'ty Of the State gou rnment, will
aho'd data Tor accurate computation aud
comparison.
Under the first The aggregate amount oil
taxes collected Tor 1887, vas $50, l30 81,
under The serohd tor 1857, S92 $50 IL
showing an increase in ten wears OF i6
per ceHi. The tax on lands AID town
lots al the formrr period amnuuted 10
S3l,f16 72-at the latter 10 ST. $40 96,
eAhlbt'ing an increase of2l per cent.
Compare with THIS aggregate result
ihfoughot the Stale The reIsed revenue
derived stthe corresponding periods. IRON
the counties traversed by The Wilmington
and RaIelgh Rail Rnsrd, as show II 10 the
following Table, No. /. II will be per-
cetved thai while the aggregate increase
oil revenue from all sources in the State,
has been 10 per cent, and from real estate
~ per ceni, the increase of genera, reve.
nne IN these counties has been IN the ra-
ITO oil % per cent, aud on real estate 33
per cent.
Lit must be borne in mind lha, tLis ram.