The North-Carolina standard., 1849-01-17

gy vultufes are always ready TO prey upon the fol-
lies and Iiisfortnfies of the weak and
Is there in North Carolina
whom any zfnembef here can stand dp and repeat
such an excuse for such voteas thisi And yet win
against this bill, unless. they present d substitute
better calculated to save the interest Of State from
its present precafiots condition ae' % this ssss
In worldly affairs it hal. passed into a proyefb,
that jddieiods berality is the BEST economy Let
U.S. statesmen practice upon this motto let for
while forget the miserable of party and
the intrigues fof Office ;and North Carolina may yet
become great and fourisking cdmmonweaftR R5se
Having trust convinced the Senate that the time
has arrived; when tie large investment made by the
State of North Carolina In the Raleigh and CASTOR
Railroad IS IN very PfecaIious condition; that the
probability of the entire loss Of this property is DAFT
" Increasing ad that unless this Legislature takes
prompt and decided action on tie biect during
its present session, the difficulties of fudiciogs
Fangement Of this matter may be beyond the reach
of eyen Legislative eontf6l let us examine the bib
upon your table, and see the prospect of relief a
forded by this MEASURE 7a'< - s1sl2st sho91fsa
This bill proposes acompany to be called
the North Carofina Railroad Company, with capital
of 81 GOO 600, for the purpose of eecting codnu-
ncation by Railroad from CASTOR on the Roanoke
river by the way of Raleigh and by near Salisbury
to the town of Charlote, i'm the county Of Mecket7
burg being entire distance of 944 miles, Of which
"a miles is finished and in daily operation! ''t
The bill proposes that the State shall become
stockholderTin the North Carolina Railroad Compa-
the amount of 81 600 0OO be paid for in the
been subscribed by solvent individuals then the
Governor is directed to transfer to the ompany the
Raleighand CASTOR Railroad the price Of $500 dOO
to which; amount the State becomesa stakeholder in
the new company. Previous to this transfer the
North Carolina Railroad Company shall execute
bonds to the Governor put the Raleigh and CASTOR
Railroad in complete repair. 1s 81 = -a ii'- In
The remaining $5OO,OOo Of the States subscrip-
ton is to be subscribed pari pdssu with individual
subscriptions, that the State will always have
$500, 900 mere subscribed in cash by individuals
than has been subscribed by the State. It will be
perceived by the Senate that by this paT the State
becomes a7stockholder in the new company to the
amount of 81 ,000,00O, and at the same time pays
but $500 600. 1t is true she disposes Of the Raleigh
and CASTOR Railroad, but she gets rid of what has
been proven by four years experience TO be of no
valueto heroHthe contrary an expense-and of what
could not probably at this time be sold for half the
money. By this means, moreover, the Raleigh and
CASTOR Railroad will be putin good order; it will be
placed under the mana cement of individuals inter-
ested in it, and doubt its 100000 of income will
be soon swelled to 100000, which will amply com
Pensate the new company for what might otherwise
appear TO be bad purchase. >-ss s7asia-T ise2E1
This MIR. Speaker. is the main and most important
provision in this bill The other sections are mat.
ters of detail, with which will not now trouble
the Senate, as presume every Senator has exaInh-
ed the bill for his o,H a satisfaction II .- |
1t may very properly be asked, will the capital !
mentioned in the bill be sufficient to extend the RAJ
leigh and CASTOR Railroad to Charlotte Of that |
presume there can be very little doubt. The dis
about.I6 miles,. From the estimates made on the |
Richmond and Danville road, now under contract, it
ascertaned that thecest of that work will be 10
mile The country between Richmond and
Danville being similar to that between Raleigh and
Charlotte and the labor being the sane it is fair to
suppose the cost of the two roads will be about the
same. If this estimatetis true, the road from this
place to Charlotte can easily be made by the capital
mentioned in the bill. Should the bill pass in the
shape it is presented by the committee, / have no
doubt the capital be raised. 1t would be re-
proach to the populous and wealthy country through
which the road will run, to suppose that its industri
and patriotic citizens will avail themselves
of so favorable opportunity of-conecfing them
selves only with the markets of their own State
but Hkew ise with those of Virginia and the North
Taking it for granted that there is ability sufficient
in the country through which this road will to
build it, the next question to be asked is does the
plan offer sufficient inducements to cali forth this
ability. Unless it does, all discussion on the subject
idle, for people do not build roads from patotism
but from hope or expectation of profit. = ssa&T
As have already said, travel has been ascertained
to be the great source of profit for all Rail Roads
Does this road offer a prospect of securing much
from the travelling community 1t most
certainly does. At Charlotte il will in direct
with the great stream of Southern 4
travel, and it will offer oaveers the direct and
pleasant road to the North, through healthy codn-
trv which be traversed at all seasons of the year
without apprehension of disease. ~ - fa'@ls &c
1t has been my misfortune, MIR. Speaker to be COM
PEELED to make frequent journeys to the far South,
and know tnat the travelling PUBIC oredd 1oufn-
ey through the lower part of South Carolina between
the months of June and November. The direct route
Of this road moreover will be through eight counties
in North Carolina, containing more than 100, 900
inhabitants, and real estate valued at more than
900 900 of dollars, most of which population must
be, exclusively dependent on this road. This region
moreover is becoming rapidly manufactur ring class
society who give business TO rail roads, IS
daily Witnessed in New England, where rail roads
are pushed with profit into every nook and corner of
the country, and sought after as the safest mode Of
investing money! aa4aIs et Aia = 'ftf4 ni1' shlf1
J. will, Mr.. Speaker, detaiH the Senate few mo
nents longer, whie1 state few reasons worthy of
The consideration of those gentlemen who prefer
with the Danville and Richmond read II
the distance from Charlotte 0fa Salisbury
md DanyilIe to Richmond, Va. to be 800 miles,
whilst the distance from Charlotte ria Raleigh, Gas
on and Petersburg to Richmond to be 304 miles; SO
hat Sir there is not more than Ia miles difference
between the two routes. Limiting the whole benefit
,fi the DanYille route to the Saving Of about one
1our i'm point of time, gain which the markets of
bur own State together with Petersburg and Norfolk
ire lost sight Of and instead of giving the produce
If, the interior the choice of several markets. it will
ne confined to one, and that azseaport but a
own of difficult access. =. st1H
Wehave, Sir blnndered good deal in our schemes
If Internal Improvement from the natural difficulties
,f the county,. Reject the bill your table, pass
he charter for the Danville road and there will be no
more discussion on the subject in North Carolina,
or there will be nothing left worth disputng about
The natural seatorts of North Carolina are orfoik
m the North. and Beaufort and Wilmington on the
south ;pass this bill and you will bring the produce
f the interior within the reach of these towns.l
II would then say to those gentlemen who prefer
he Youte since thedistanee is so nearly the