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

e Aat0trts Ill 1873 49, from Asst - AA0
present line. has sInuslis al ! llsatsni
u 10 prr crns.
II 1870. lhe aggfrgaie Stale IL pad
IN he county II Euneambe. MS S7I6
-. The land ls1 S2Sl -. III Iss7, he
aggsfgals isa u Banc0mbe. Henderson.
ana lie potion 81 lanes which Mas pari
II Bunconbs 10 1877, amounted 10 -.
l32 ". snd the tx recelstd hon real
estate IL 1880 80.
From lAese examples in lie extreme
Esss and lhr sSmsme Nssi, lei ~ turn
ior n,umtnl 10 lie great reussi eonii-
ne., which NC NOW propose % penetrate.
Tie snnrAeJ Table No. :. alil sho@ ihai
Ah,ls lie srgress,e laxsuon u tie Stale
h.s increased il Zen issEs. he ias'o u
III. AMI 81 land u = pr cent. The e",iil.
lis layelsed by The Wilmington and H.
leigh RAILROAD ii tie eoIIss paniing tsI'o
u - and - per cent shiie N Boneoan-
he ii lie eAurme Neri, the aegisgslr
value oi taxable properly has been nearly
ireblsd, and d 4. Il esisle nearly qnaIFu-
pleG in 20 years. The lHetease IN Ihsse
must wealthy. fertile and papulpus coun
les between 1871 and 1877. has bsen IN
lie aggregate .alusi,an Z, AMI III rsas
esiair II gfG cen.
ReserNeg i.r lie present ali iI.eusslon
ID rtla ion 10 The dividends Nhirh may
reasonably be anliripsieI, | venture IL
suggest some advantages, scarcely se-
conials IL lhe increase III lie value 81
lands that mnsl accrue 10 The PROJECTORS
Vi lands contiguous 10 The Road.
The Stale proposes, upon her part. 10
expena Two millions nj dollars in the inn
pru,tmrbt u one mllton IT acres Of land.
provided thai tile ou ncrs d those acres
! vii ia like manner eNpend one million,
with this important d ference in favor oi
tile LATER: The Stale IS 10 spend money
exclusively. :he propFieiofs are TO pay
40 money beyond the i've per cent. neees-
sary to secure theII subscription inr stock
10 Tie iitsi iu,lsncs. they are 10 con.
tribute Labor. for Which ii present hrtr
= no sdeqlstr smplpym.m: provisions,
lor which lhrre j. at present little lie.
msni; and materials. winch III sohe in
sisnees have ~ marketable value.
| II the respective prnprlelors become
contractors. their contributions may be
made with still etester facility. Os tie
thrte millions i lie expended. ohe million
vii b. AMI l. Tor the purchase Of every
tinng lila. Is mt produced IN The lmma-
.ilale vicinity oi The road. VIZ; rail road
iron, locomotives, shop lutnliute, &c.
4 II The ffsnerilse prOprlelprs, then, be.
come tie sic contractors, alter the Iut-
chase Of AL foreign supplies, they will re-
relye from tile Stsle one dollar IN Cash
inr each dollar they ATE required 10 sub
scribe, supposIng ihsl there are no olheI
Stockholders. purpnsely Stale the case
IN the strongest possible light agalns,
them. in order 10 shuw The more clearly
Tie facility with which they may discharge
The most onefous obligations which il i
In Their power 10 assume under The char
ter. BY Their subscriptions. they bind
themselves 10 pay, in addition 10 The five
pr cent, Or $50, 900. required IL make q
saiil subscription, Tie further sum ol
$3.50, 900.
| In what manner is this large sum Ia
be paid! The first and largest propor.
ton will be discharged by the reasonable
profit which every contractor anticipates
and has right to anticipate, upon Iii,
Operations. No pruden man will tniel
INTO contract winch does moi promise Il
reward his responsibility, attention, ant
labor, With metz ptotil OF 10 2.3 per cent
and lis per cent. upon three millions
amounts 10 $500, 900, or one-hatf the Ell.
tire amount Of individual STOCK. The
remaining si50,000 will be psid, as ii.
ready indicated. IN lsbor, ia PROVISIONS
IN materials, At prizes considerably Ell.
HANGED BY increased demand. and BY The
impetus which will be given 10 all bu.i.
ness operations, the circulation Of large
sums at ready muaey in community
hitherto removed from such fsclliltes.
There are few individuals among the
thousands Immediately interested, who
have not sufficient intelligence 10 com.
ptehend these obvious Suggestions. There
i nui a single intelligent enletprsing msu
among them, who IN his own case would
hesitate TO contribute, in ihe manner ia.
diested, ole dollar tnr every Two that .
prnpltlous government or beneyolenl
Deltv might proiier 10 expend il The besl
possible system which could be devised
Tor The improvement. Of his estate.
! crave pardon Tor the space have DC.
cupIcd, in The consideration of these twn
topics. write with ral road celebrity,
wi,hou. any adequate opportunity 10 re-
wise and condeuse, or even copy. lmay,
II you desire il Oh lny reinln, enter upon
he consideration Of other inquiries III
relation 10 the best method oil eileellng
objects 50 interesting and important 10 u.
and 10 the community.
am, with stnrere respect and esteem
Your obi servant,
! u. l.. SWAIN.
Copy Of Letter from the Hon. John II. King Il
y. l.. Swain.
/ Anpusta limo Ism