The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1851-11-07

llian'Mers, !nOmS ana Sp'ntieS. y wise u!-
vision of labor would ensue; consumers OF
the farmers produce would lake al good
prices, all his surplus products al his very
door Every portion Of the State would be
brought into close proximity with good
markets., and the value of lands would be
greatly enhanced. The results, as shown
by other States, which have constructed
such roads, and TO The details of winch,
invite your attention, are no less astonish,
ing than cheering to the friends of inlerna
| improvements.
The public works indicated are invited
by the approaches .. the nelghbOring States
OF Virginia, S. Carolina, Georgia, hIaha-
ma, Mississippi. Louisiana, and ken,uck"
all OF whom II i, gratifying to observe, are
pointing lhe!. gres! roads towards Veunes>
see. South Carolina and Georgia, as you
axe aHaty, have already pen rated our
pidIy 10 the line: Kentucky, Alabama, Mis-.
sissppi, and Louisiana, are earnestly NOV.
ing IN the same great system OF public
works. We ahal! have but small part II
accomplish in the immense net.wor& OF
railroads Of which Iennesaec will become
the centre; but this small part wiIi h' sUI-
tcienl 10 tax very greatly the energies Of
ouI people. 1t will reGuye many wears
and large expenditures TO accomplish It,:
out when done it will return the expendl
lures ten icid, fully deveiope our vast re.
sources, and ultimately render Tennessee
one o( the most prosprrcus and puWer.G!
States in tie conftderacy.
Individual entcIprZc, assisted By the
credit OF the State, has already accomplish.
ed much towards il, and shown how tue
remainder may IA the main be effected. -
Without d9IaindlnG d dollar !t9n lhe State
Treasury, or 'equl'ing any guarantee with
out The most ample indemnify, the NA>h-
vile and Cha idnooga company have rGIS-
ed attendant u.eaus tor completing that
road, more tNan forty mlcs oi whlch are
already finished, and the remainder eypec +,
ted 10 be comp pIeted Ia another year, a to.
, tai distance OF about one hundred aud hity
miles. Individual enterprise, assisted ty
lhe State, has already completed about FOR
ty miles OF the East Tennessee and Geur.
gla road, and the wars 10 rapidly progress.
ing. Individual enterprise has also lai.eI
lie Lead, and, l.Iuy lar, without the aid Of
the Sa.e, has made ii COMMENCEMENT upon
the East Tennessee aud Virginia road, an
other great INK IN Ihe inipottlnt chain
through the valleys Ok Laat IrnneScee.-
a bout S32,UUO, 900 nave been subscribed to
the Nemphls and CharieGtun ;Oal. Over
So 600 800 10 the road from Louisville TO
Nashville. and above i 10000 TO the road
! IRON Nashville 10 COLUMBIA.
All these Worhs deserve the cuutennn &c
| OF the STATE, and some Of them will, TO q
greater Or less extent, no doubt require in
sollc .orm & loan .! the crvl!' o. :Ae :t,a's.
/ Individuals should in all such enterprise
,aa { the lead. Tney are entitled when the
works promise to be of public utility, to
| liberal charters. The State ought no, her.
self to engage in them, but when it Is man
itest tina, the works are important 10 the
pubic Illerest. promising fair profits on
Investments, and The citizens have already
taxed ITEMS selves literally, bu, are not able
to accomplish their heavy unlerIa kings, II
does seem 10 me TO b. a high duty OF the
State 10 loan her credit, at least towards
ironing and equiplng the roads after they
have been prepared Tor the iron, upon am
pie indemnity by the individual sjocahol-
ders against loss, and 10 any needed eX
tent which will no; seriously embarrass lie
State Treasury or cripple her credit,
These principles are regarded as lunda
mental, and ought never TO be lost sight Of,
or departed from. 1t will be your duly
carefully to examine into, aud determine
upon, the ability of the Stale to grant the
aid which may be asked for. | woud d also
suggest TO you the great propriety OF secu.
ins tor the State an intelligent and careful
supervision Of such works as sb. may feel
,,II IN tpr nII
the extent Of seeing that condition upon
which such aid IS TO be granted, shall in
good ialin be compiled with.
Connected intimately wiki this subject is
an examinalloh into the resources and iia-
blltles Of the State. The report o. the
Comptroller, and those Of the d!leren,
Banks, 10 which the funds o! the Sale have
been invested, which reports are already
before you, furnish data Tor determining
their true character and amount.
recommend a careful and thorough eX.
animation into the various Offices AID in
stllutlons. having the custody OF pubic
funds. Economy and faithful discharge
OF duty on the par. OF ministerial junction
aries, are the better insured by constant ha-
bis or vigilance in the supervision Of 90
vernment authorities, on which they are
dependent. Under various changes in the
laws, making disposition OF special funds
OF the State, some Obscul'y is liable to a.
rise in relation TO the character and amount
OF certain funds, II not accounted with
care, aud proper distinct aess. observe
that the Stock Of the State in the Union
Bank is reported by Ihs Bank, and by the
at S62j. 600 submit TO you
TO ascertain whether the actual amount is |
not S66i,Q9 The item or S3S, S,iJi, |
which is not included by The Bank, aud |
Which is mentioned as county school funds
~ The Comptroller. is portion oithe funds
made common school funds Of The State,
aud which has been So strictly regarded by
lhe act Of 1897, CHI. 6i-lhe act Of 1881
ch. 6l-the act of 1885. ch. %. and the
act of 1874, ch. l59. The $4,000 item
Di stock in The Union Bank. Is school fund
Stock of the State, and the Interest arising
rom this and other school fund stocks, l.
irected by law to be paid into the contin,
,enl fund OF The Bank oi Tennessee, whilst
he dividends arising from the original
stock Of the Stale in the Union Bank. be-
comes principal OF common school fund.
md the bonus paid by the Bank cons,-
utes part OF the annual disiributIve school