North Carolina standard. [volume] (Raleigh, N.C.) 1850-1852, 1850-11-23

fsovernor shall be willing to conceal his policy and
avoid the Just responsibility of his station he may
be thus enabled to do so. This is unjust 70 the pso
ple. When he shall be ready and wfllingt develop
his plans of administration, there is but little oppoT
unity afforded for under the existing of things
and If he shall be candidate for reelection, his
emes and traducers pervert and misrepresent him
to his constituents. without his being allowed egi-
innate occasion to expose fasehood by reference to
his declared and published opinions. That is not
Just to the chief Executive of the State. BESIDES,
there is plain obsurdty in this that where the peo-
pie change both their Executive and their Representa-
tyesat the same election inAugust, the one does not
po into Office until the others have nearly closed their
session and the two never consult together for the
interest of the State. Contrary to the theory of our
government the Governor, whose first election might
have been intended to ensure the commentator of
an important of State policy. has fair OPP
porunity to enforce it upon the Legislature and his
term OF Office may expire tcitout his slightest pGrici-
patton in the matter. This might be remedied by an
altering the time prescribed by law for the meet
ing of the General Assembly. 1t is respectfully SUBJ
mitted to your consideration, as topic worthy of
your notice. 1t is political evil that ought to be
corrected in some way.
REORGANIZATION OF PUBLIC OFFICES.
A thorough reform and reorganization of the sew
eral state departments is subject that beno ION
ger postponed without detrment to the public ser
vice. -
The Office OF the Secretary of State is mere land
office. Almost the sole duty of its head is to issue
grants and to certify copies, except the occasional
emPloyments of making contracts for printing and
distributing theaws, and for the purchase OF station
cry and irewood. In other States he is made. what
is greatly needed here, the head of Bureau of Sta
tstics, and is required to collect from all parts of the
State information upon various subjects essential to-
wise and wholesome Legislation. 81 a s@
The Public Treasurer, instead of being the keeper
of the public money to receive and to pay it ont on
vouchers first audited and allowed is left to assume
the responsibility Of determining the validity OF all
claims on the Treasury which may be presented
while the Office of Comptroller of public accounts,
instead ofbeng what its name imports, the Office,
where claims upon the State audited and allow
ed and certified to the Treasurer, is simply de-
pository for the Treasurers vouchers and fora copy
of his books. tsn3
1t must be obvious to every that remodelling
and reform is necessary in these departments. And
and without just impeachment OF motive, as my offl-
cal intercourse with the incumbens, has been in all
instances of the most kind and unreserved character,
and is now soon to terminate. aE
FINANCE AND STATE DEBTS.
Invested you with the preservation of the
faith and honor of the State, it will be your first
duty to examine carefully her financial condition.
To learn her liabilities and her means, and to make
promptly and boldly such provision, as. while it
may develop and increase her resources and afford
aid and snccor to the various industrial pursuits of
her citizens, will at the time establish her
foundation to without let hindrance the
payment of her debts and the maintenance of her
credit. ..a#r
The reports of the Public Treasurer and Comp
troler will in due time. be laid before you, giving in
detail the receipts and disbursements the Treasu
~ for the two preceding fiscal years. By these it
will be seen that the receipts, under the amend
ed revenue laws for the year just closed, exclusive of
the trust funds belonging to the Board of Literature
and Lunatic Asylum and the sums raised by loans,
amount to about $l35, 900; and showing increase
over the average annual amount received under the
old system, of about $52, OO0 Tie ordinary expenses
of the State, may with sufficient precision for the
present purpose, he stated to average $4,000 per
annum; and thus the present revenue basis may
be estimated to produce annual excess of receipts
over the ordinary necessary disbursements. to be
applied annually the extingushment of the States
debts, and liabilities, of SEC, 900.
The present Indebtedness and liabilities of the
State may be stated to be,
1. By guaranty of Bonds of the Ra-
leigh and CASTOR Railroad; the inter-
est OF which is payable semi-annually,
and the principal after LIST January,
1860. $500, 900
2. Do. Do. interest pay
able semi-annually, and principal, by
instalments of $4,000, on 1st Janua-
ry, 1851, 1852. 1853, and the residue
LIST January, 1854, 100000
3. Balance due the Literary Fund for
that amount, used by the Public Treas
urerfrom time TO time; interest paya-
BILE annually, principal at the pleasure
of the Government, 1912
4. Bonds of the Public Treasurer,
given to the President and Directors
of the Literary Fund, for like amount
transferred to the Public Treasury; in a.- 4.
terest payable annually, principal at
the pleasure of the Government, 4O,36O
5. State Bonds, issued by Public Trea- - s-..f
surer to pay the Banks, &C., by reso-
lDtion of the last Assembly; interest
payable semi-annually, principal after
10 years. 100000
6. By endorsement of w ilmington and et
Raleigh Railroad Bonds by an act of .-.
1s4S-interest payable semi-annually,
principal by instalments Of $4,000
lSt January. 1859. 1860. 1851. "a.
1862, 1868, 100000
7. Stock in Fayetteville and Western
Plank Road interest payable semi-an-
ually, principal after 90 years, 10000
8. Stock in Deep River and Cape Fear sst..ss
Navigation Company; interest semi
annually, principal to be provided for 10000
8. For amount appropriated by act of
ls4s for improving Neuse and Tar Riv- PRO-
ers; interest payable semi-annually, s=s--
principal to be provided for, $4,000
10. For Stock in the :" North Carolina
Rail Road" by act Of I84e; one fourth
of which is to be paid when the work
shall be commenced, and the remain
ing three fourths in equal nstaments,
at intervals of six months thereafter;
interest payable semi-annually, princi-
pal after thirty years, 100000
IL. For money borrowed from Bank of "5@
Cape Fear, :l' 10000
Thusit appears that the liabilities of the State,
already existing authorized, amount, in principal
money, to $3,590.052. And there will be required I
to pay the interest on this sum, with one nstament
of $l49,000 And in like manner for the year 1882
1907 900. In this calculation of interest," the States
liability the Wilmington and Raleigh Rail Road
bonds is not included for as that comnanv have