The North-Carolina standard., 1850-03-06

be charged twenty-five Fer cent higher tnan tue aooe
rates. reasonable deduction will be made 10 tnose WHO
advertise by the year.
REMARKS OF GEN. SAUNDERS,
Delivered at the Rail Road Meeting in Raleigh, on
the 10Th February, 1850.
GEN. SAUNDERS commenced by saying that he
oylly embraced this opportunity to address his fel
low-citizens of the county Of Wake, on this momen-
ton to them He wished his course to be distinctly
understood, and he gladly accepted this occasion to
explain it. He could, he thought, understand the
motives of those who did not could not subscribe to
the contemplated Rail Road to promote the interest
of which this meeting held; but he confessed it
was beyond his comprehension to understand how
any here in this community could be opposed to it:
1t seemed to him that such portion of the citizens of
Raleigh and the county of Wake as opposed the con-
sruction of the North Carolina Central Rail Road,
were in direct opposition to their own best interests
He had travelled much over this and the adjoining
States and had observed with disinterested eye the
whole system of their Rail Roads and their influence
and effects in the communities in which they were
located. He was clearly of opinion they had been
highly beneficial wherever their influence had spread
OF their operation had been felt
The Central Road now proposed to be built, and
which it was his and sincere wish to promote,
was which peculiarly recommended itself to every
true and genuine patriot and well OF the best
five of her principal Rivers: the Caawba, the Yadkn,
the Cape Fear the Neuse and the Tar. Each of them
with their tributaries would yield up their rich pro-
ducts it's great thoroughfare to be distributed for
the benefit Of citizens all along the line, or poured
out in the lap of Commerce to be exchanged for gold
or bartered for the produce of other cmes in our ris-
ing Sea Board Towns. He then went on to explain
and commend the action of the last Legislature In
jecting what is usually termed the Charter for the
Danville Rail Road, and commented at some length
81 of fhath nod in
ing SO liberal Charter for truly North Carolina
Rail Road. 1t was intended, and must yield the
greatest good to the greatest number-thus securing
by single and combined object the general Ueydre
of the whole people. He then went on to explain
the action of the Greensborough and Salisbury Con-
ventions-that the stockholders were to have the
preference in taking contracts, and those of the 100
in either taking of contracts Of transferring to such
might wish to become contractors. lie illustrated
this explanation by the practical and successful aP
plication of the principle carried out In South Gar
olna. He spoke from the record, and referred to the
Report of the President of the Greenville Road, and
demonstrated that if South Carolina they could build
Road such principle and at such rates, 1t would
follow as a necessary consequence that We could.
Our location was as favorable, people as patriotic
and enterprising our material convenient and as
cheap, and he that we had one great decided
advantage They had to purchase their right OF ways
at COST and he was assured that the pat
rotic citizens along the line OF our contemplated
comparatively cost at ALL This, he was assured,
would be the case and if so, would 60 far not only
in showing the popular light in which the Road was
regarded, but would conduce, in great degree, to
the completion of the enterprise within the amount
of stock authorized by the Charter which he regard
ed as essentially necessary, and as fully warranting
the certain proftableness of the work He did not
perceive how it could be possible, for the cost OF
construction of the road to exceed the capital Stock
unless the Iron should unexpectedly rise much higher
,le hoAl lafelu chaS-
ed at and about $50 per Ton and there was greater
probability of its falling short of than exceeding that
sum- and if we could get it at that price, he regarded
it as fixed fact that the Road could be and would be
built for not exceeding the amount OF Its caPl'
tai stock. There was now, as he supposed, lacking
about eight to make up the hundred or $4,000 OF
the stock unsubscribed-of this 100000 he learned
would be raised in Petersburg, leaving but $4OOOO
to be raised to secure the Charter This amount was
now proposed to be raised by five more Companies
Of $4,000 each, to be worked out In stock, or oy IN
dviduals be worked out not at their option HE
would then call upon the farmers here and elsewhere
to answer him, whether by taking $4,000 in stock
and working out contract for $l5,OOO, they would
not make more clear money in the end even suPPos'
ing the stock of no value, than if they worked their
hands on their own FARMS For such contract they
would receive $5, 900 in stock and $4,000 in cash
and on estimated work which they could engage In
understandingy, and by each days labor know how
much they were making by the hand. The objection
that there not many negroes, IT true In fact was
not valid one, for contractor with few hands
could take shorter line, which would put the En-
gneer to but little trouble to make out as occasion
required In the of the part OF the Road
through Wake, there would necessarily be dsbursed
among her citizens between S4OO 1000 and $500 900
Could such an amount of money put in circulation
fail benefit all her citizens? Some part of it would
fill the pockets of her poorest farmers for it woule
create demand for all the necessaries Of life, ant
what would miss the pocket OF one would be sure t.
drop into that of his neghbor. Another result woult
be to build up the City of Raleigh, when there woul
be constant demand for, and consumption OF, tn
products of the farm yard. This would be its mon
eyed effect. But there would be another of equa
if not far paramount importance. 1t would be tn
cause for and bring to the city large number OF II
dustrious and enterprising and intelligent Mechanics
See what the building the Capitol had already done
Two of the mechanics who came hither to work o
that, were now numbered among the One Hundred
while many merchants of this place held aloof, an
did not subscribe fourth part of that sum. 1t Nigh
be disparagement to others thus to speak, but in 8
great an enterprise he should speak loudly and le
those vince who were CALLED by the truth. He ad
vocated this Road because it was emphatically an
essentially work for the benefit of the landholde,
the mechanic, and the laborer.
1t had been objected that the stock in this Roa
would be worthless, and the reason assigned tha
the stock of the Raleigh and CASTOR Road was sc
But there was no similarity between them. Th
CASTOR Road was built when we were ignorant
such improvements, and had cost at least twice a
much per mile as the Central Road would. Th
CASTOR Road went into operation with bad iron, stoI
ped short before it reached the rich fields of produc
and when there was but comparatively small travel
ana what was worse than all, was completely owe
nheimed In debt at the outset. With the Centr
hoad In each enumerated particular the direct revers
"oa'a be the case. 1t would 60 into operation IN