The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1849-03-07

9
suIry and Wilkes. uhirh Il hiseeis. Mil
; hud Ihelf areruhts Il,efelnrr. IN I0rwsnlinl
IN undertaking ilsai prDnises so sInrinus
= rrsull far lhem. What Other hnpe hare
fhry far redemption from their present
. depressed roudiIiani We forbesr 10 dwelI
longer upon Ihe cheering prospect uhirh
illis view Of The subject opens upon our
vision.
But Il viii be asked how d lhe one
mlllinn rrquirsd 0f indis iduals 10 be saisrdf
How are farmers eHperifd 10 subscribe
ior stock. shen il % known that. from
eanses already pointed nnl hy rs. lheIe 10
bni liiile money amang them, We will
answer hi. inquiry BY saying. in round
terms. ihst they may take siark and pay
iar q wilhaul paying any Thing in nancy
except the hve per cent. required 10 he
advanced ~ The Time of subscribing: be-
yand that sum they need not he rallied upon
20 advance another cent. There are lIIou-
sands Of slaves in North Carolina whose
labor. from The causes adveIled to. is u.
ierly improbable 10 their owners. Should
these slave owners choose On change this
barren yoration for a contract upon the
raj road. they may safely take stock 10
The amount Of half Of their intended con-
irari. Experience proves that this is
greatly The most profitable employment
thar ever slave labor engaged in as gene.
raj business. Al The estimates above STA.
led, Few miles Of Rail Road would keep
whole neighborhocd in employment Cor
year or So The most satisfactory as
surances will be given by the Commis-
sioners who take The subscriptions IlIal
subscribers shall in all cases he preferred
in letting out enniraris. II is moi in this
business as il is in some other badly man
aged concerns. that contracts are lei 10 the
lowest bidder, Independent Of his skill or
ability, or any other consideration. The
Engineer makes the estimate according 10
fixed rate, lsay so much Tor The cubic
yard. and then he gives the execution Of
il 10 those who are from al circumstances
best entitled: always in case like this,
prcfrrring those that have subscribed. and
in al cases distributing this patronage as
equi,ably as possible, 80 as 20 give every
subscriber chance. Five per cent. has 10
be paid in advance upon ever subscriber.
This is The positive requirement, Of The
charter; but, afier that. u will readily be
sren, that where The above arrangement ,
is made. no more money will be paid ont;
but on The contrary, money fnr half the
price Of the contract will constantly be
coming in. and if the subscriber takes
contract. that win enable him 10 get dou-
BILE The present hire Of his slave: Or. if
he can hire his slaves for double their
present hirc, The gets hrs stock without
paying ceuf for il, as compared with his
former profn. But if the hire Of negroes
shall not rise quite so high, the nearer il
that point, the nearer The far
mer will come TO The result above indica.
ted. But suppose il does not rise al all,
then we simply say he ran pay for his
stock by the hire Of his slaves. Then
how does he stand! He has LOST the Ia I
Dor Of his slave FOR one or two years this 8
labor was not profitable TO him on his I
farm. He has doubled the value OF his !
lands. He has secured for his future /
slave labor fair reward for all lime TO =
come; and beside, he is the owner Of so !,
many delar worth Of stock. paying 1--WE :
ievoully believe il) not less than sir per !.
tent. per annum. The Two millions which
he State pays will render il quite convent
mt for this arrangement To he made in :
very instance; and we can vonch that a
will be made in every instance where n
I is desired. y
But we have heard il objected that u
lie work will be begun nj Goldsborough, Ne
ar in the East. and tina, il viii he long 70
line before we can have any oflhese pro-
Missed benefits. To this, we answer, that D
n all probability the work will be begun Of
i Raleigh. and move towards the West h,
|ireclly: and as soon as the South Caro- :.
ina Road l. finished 10 Charlotte, il is !.
'elleved that operations will begin at that
Joint, also. Our ground for the first opin. =
m is. that the State is now the sole pro. ~
'rieior of the Raleigh and CASTOR Road; il "
dS HttlSiW tCCH NSiflE tVIlttiHs uWt d.
DON as The Western trade shall be OPEN co
d upon il, il is manifest that il will begin
, revive. II is. therefore. clearly the R;
rue policy Of the State thus 10 begin, and on
nus to carry on The work. The State will ",
ave. by means Of IFS superior amount Of wi
lock, controlling voice IN directing the to,
fairs Of this company. and We may be m,
are The Underwriting principle Of self in
rest will in this case, as in all others,
revail. Our ground for believing that the =,
ork will be begun at Charlotte at pro- :.
er time. is that, in all the conversations =,
e had with influential and leading men !"
the East, il was conceded that as so lit 'i'e
e had ever come from the State Treasu-
, 10 this part Of the Stale, we had right -.
insis. upon an early application Of The :. :.
,nefts Of this work 10 our present ne. Il
'ssilies. The just and liberal feeling Of '.'l
lie present Governor towards the West, u'i
I'd the exalted character Of his Council. sta
ave US no ground 10 apprehend that any .
our reasonable demands will be refused.
We. your Representatives, in The &C. =.
'ral Assembly, think we have done our