The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1851-04-02

II assumes what every Stakeholder in the
Road knows is DOT fact, viz: that there
has been pay menis from the funds Of South
Carolina made on contracts in North Ciroli-
na." Instead Of their having been dollar
Of money paid by Stockholders IN South Ca
roina expended in our State, the fact Is that
nearly 500, 900 Of money paid by North "a
rolina subscribers has been appropriated IN
| South Carolina, besides abou, $40 900 worth
Of work done in the District Of York, and
S25, 900 in our own State, all by North CAT
oliua Stockholders, for which we ask only
the Company's certificates. Under this state
If facts, with wha, sort Of patience could we
bear being exhibited, as by this Resolution
as teaching our support from those united with
US in interest. until they we're forced to shake
US of and lash us into the performance OF our
should receive "no more OF their money"
and BY directing the Preslden' to bring SUIT
against all delaulters in our State We do
no, complain of he order TO brng suit against
our stockholders Who are IN arrears, but oi
the false posi,ion in hich that order, connec.
ted as i, is, with the olher resolution, places
US. Why were two separate resolutions ne.
ccssary to siirc, the same coerilon upon North
and South Carolina delinquen,s not because
it would be brought before different Courts,
else il would require an order for each DIS.
trict through which the Road passes. From
the official position Of the Presiden, he ls pre-.
.umed To have furnished the information upon
which these Resolutions were passed, aud II
is for him to explain Why We were placed IN
this false position.
The Presidents argument to show The ex.
istence Of Two Treasures Is answered by
referring him 10 our Charter and Bylaws,
in which he will find the recognition OF one
only. The Resolution referred to for the
purpose Of showing their necessity, was GER
,any not designed for any such purpose; not
are we able to perceive The force Of the argu
ment used in endesvoring.io show the pfo
priely Of their creation. They we're intro
duced ~ General Convention, advocated ao'
passed By South Carolina Stockholders 10
the purpose Of satisfy ing all parties OF tba
good faith which has always characienze'
their action. Had we supposed that ihei
passage would have produced such disis,o
Of interest, az the acknowledged separation Q
our funds would inevitably create, We woul
have regarded them with dls,rnst. The Va
ting a call of so per cent. Of our stock To ia
Road vas at the request Of the President, an
! the special appropriation OF the other hs
:, we do not remember TO have heard Of befor
his communication. And feeling that our II
terest in the Road was co extensive with /
we did not consider any such action on on
par, necessary 10 place the stock 10 our Sia'
at The disposal Of the officers TO spprop Ia'
;, wherever necessity or policy might indicate
Since the first, ell moneys COLLECTED IN tn
payment Of instruments IA North CarolIn'
have been deposited in Bank to the oredH Z
- the Charlotte sud South Carolina Rt,i Roa
re Company, and have been drawn oy Captai
Bradley, the Treasurer of the Company All
d. in his annual reports Of the Finances OF u
Oh Company the amounts received from Nor,
:. Carolina have been included under no 9th,
head than that Of the funds Of the whole Con
,m pany. Consequently We must regard III
N Two Treasury system a. the of,pfng Of u
Presidents own Financial skill.
Nh He publication has developed another fet
,ure of policy which Is new TO ~, VIZ TIA
q to North Carolina Is appotioncd the bu,ld'r
Of the Road from ChsslersIlle to Charlotte
ed nearly a molely Of the whole enterprise.
10 Our State IS penetrated but eleven miles
The Road, and we canno, understand by viii
nd rule Of division quadruple that extent shnu
,'- be allotted to US; but must suppose y, TO
Oh the result Of the Two Treasury Sy stem, an
IRE we certainly hazard nothing ~ saying Ii
ell upper half will work badly under ii.
50 Ia arguing that the " Directors could NJ
GU have deal, oat equal jnsIice 10 the South q
ne rolina and North Carolina Stockholders
NC having called upon the former for ssyen,ee
:" instruments aud the latter for only fourteen
"' the PresIden, loses sight Of the resolution
"' so often previously referred TO n his comm
nicalion the efoo, Of which was 10 defer tt
AZ calling for insaalments upon the North Car