Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1851-11-21
From the Raleigh Star
Correction-With some Reflections.

In announcing that dividend of three per cent.
had been declared on the capital stock of the Will
mington and Raleigh Railroad Company, stated.
(week before last that the amount from this divi
dend coming to the State $4,000. This, we are
advised by the public treasurer. is an error. The
States share is only Sl2 600. still a very handsome
sum. We were led into the mistake, by overlooking
the fact, that 100000 of the States stock in that
company had been transferred. under act of the
last Legislature to the Wilmington and Manchester
Road. which, when completed will, hope. be
productive MISUNDERSTANDING only $4,000 of the
stock belonging to the State in the Wilmington and
Raleigh Company. instead of $500, 900, the amount
of her original subscription.
The Wilmington road has had difficulties from the
beginning, which to any but Wilmngtonians would
have been insurmountable: but under the indnmila-
bic public spirit and persevering energy of that in
telgent portion of citizens, we are reioiced to
learn those difficulties at length rapidly giving
way and il is about to be demonstrated that
the States subscription to that important public
work was wise. and will ultimately become pro-
htable, investment. But hnwever rich the immedi-
ate return may be from this stock it will he but
drop in the bucket compared with the abundant har-
vest of revenue which will accrue to the State the
product of the enhanced value of real estate and the
vast increase of wealth and population caused by the
improvement to which he outlay appropriated.
1t is pleasing to every one who looks with single
eye to a great North Carolina interest in her system
of Internal Improvements to contemplate the result
that must follow the completion Of the four great
works. the Wilmington and Manchester Railroad,
the Cape Fear and Deep River Navigation the Fay
etteville and Western Plank Road, and the North
Carolina Eve love to emphasize the nancy Central
Railway. The vast quantities of produce that will
flow through these channels to Wilmington. and the
incalcuable amount of trade that will concentrate
at that point. will build up market town there
that will vie with Charleston in population. wealth
and commerce. Let cold and cautious calculator
say, this is chmerica-let no halting and heStating
doubter say. it is impossible The spirit of the age
laughs at impossibilties, and cries, 1T shall be
DONE The people of North Carolina have only to
will it, and it will be accomplished Already has
Wilmington astonished the other sections the State
already has she more than doubled her population
already has she commenced regular business of d.
rect 1mporfations from European markets. already
does she offer West India products groceries Of eve
ry descrip tion-as low they can be bought in any
city in the Union already does she offer high pri
for country produce as it will command in any
market within its reach and already does she give
the pledge and assurance to the rural districts of
the great West that she will be able to compete with
any market either to the right or left that may be
opened to their trade. Doubt. under such circum-
stances, is infdety. Who that has the true North
Carolina spirit and feeling can linger any longer
about the chilling slough of dependency Every
citizen should hope and believe This is an instance
| (if all will be united if all will agree touching
the one thing) to which may be literally applied
the language of holy Writ, according to your faith
so shall it be unto you.
| The Of Wilmington is the cause of North
Carolina; whatever may be done for that town will
contribute much to the prosperity and elevation of
the State; but it will be only of series of mea-
sures required to perfect her system of
and achieve her thorough redemption and removal
ton. The cheering signs of success which already
attend the works in progress will open the eyes of
those who have heretofore been honestly opposed to
such enterprises, and swell the ranks of the advo-
Gates of liberal and udcious system of Internal I'M
provements spirit of patriotic enthusiasm will
pervade all classes of citizens the boarded mil
lions of capital that lie idle in chests and vaults
will be unlocked and more freely ventures in this
gogues; and the good work will steadily and sue
cessfully on until the completion of every link
in the chain that will bind all the sections Of the
State together in grand and glorious North Ca
rolina interest.