Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1852-11-17

Saunders and Avery, when the committee rose, re-
orted progress and begged leave to sit again.
The House then adjourned.
REPORT,
| Of the President of the Literary Board to the
Legislature of North Carolina:
OFFICE OF THE LITERARY Board, ~
October %, 1852. !
To the Honorable the General assembly
| of the State IF North Carolina
The President and Directors of the Literary Fund
respectfully submit the following Report:
One of the duties of this Board, under the Act of
Assembly, is TO distribute the annual income of the
/ Literary Fund among the several counties of the
State. The board distributed. for the year 1851. the
sum of $l2sl O4 IA; and they have distributed, for
the present year, the sum of $128, 104 IA.
The accompanying statement, marked (A.) will
show the principal Of the Literary Fund, and the
manner in which it is invested. The statement
marked (B) will show the receipts the income of
the fund for the fiscal year ending October the 3Ist.
1851, and also for eleven months of the fiscal year
ending October the 3Ist, 1852. And the statement
marked co. will show the receipts of the principal
of the fund. from January the LIST, 1851, October
the LIST. 1882 and the in which such receipts
| of principal have been invested.
I The interest due the fund, upon money used by
the Public Treasurer, for which no bond has been
given since the ratification of the Resolution TO Dor
row money, January 5th, l947, amounting $24,-
III Sc, had been claimed by the Board, and the
amount has been transferred, the Public Treasur-
/ er's books, to the credit of the Literary Fund.
The Board do not deem it necessary to allude, at
length, to the defects in our Common School system,
or the nsuffcisncy of the annually distrib-
Hted among the counties for school purposes. These
are which will, doubt, occupy the atten.
tive and serious Consideration of the General Assem-
bly, and nothing which might be said here. could
add to the obligations which rest on that body It"
perfect the system, and increase, every just and
proper way, the fund which the system is based.
The Board beg leave TO say, that they entirely
in the views this subject OF their President, as
communicated by him to the present Legi sature, in
his Biennial Message.
The Swamp lands. reclaimed and unrsclaimed,
which have been vested in this Board for educational
purposes, have received all the attention it in the
power OF the Board bestow. The Board have
adopted regulations in relation The sale of these
lands. which, it is believed. calculated insure
their value, when disposed of. They are valuable
chiefly for their timber. Portions of them are highly
fertile; but it is not be expected that they can
readily be brought into market until they shall have
been Drained and rendered accessible the farmer
by works of improvement leading TO and through
them.
By resolution of the last General Assembly, it
was made the duty Of the Board to inquire into the
Practicability and expediency of draining certain
lands in CaTteret County, known the Open Ground
Praire and they directed, should they deem il
advantageous to do 10 commence the draining of
said lands and the OF five thousand dollars was
appropriated for that purpose from the Literary Fund.
Some of the members of the Board visited these
lands in May, 1851 and after examination of them
by Professor Enmons, and favorable report thereon
by him, the Board determined in the exercise of the
discretionary power vested in them by the Resolution
referred to, TO proceed in the work of draining.
Thomas ]. Pasteur, Esq, accordingly appointed
to superintend the work. He has procured survey
but the work has not yet been put under contract.
The appropriated, 1t is believed, will be suf-
6cient 10 complete the draining.
In compliance with The directions of the General
Assembly, the Board have contracted for the making
OF portion of the Pungo road in Washington coun-
~. The workswas let to the lowest bidder; and it
is believed on favorable terms for the Board. The
appropriation-hve thousand doIlars-will be
bound to contract for great distance this
amount would construct. The work progressing,
and cannot fail, when completed, to be OF material
benefit to the Literary Fund. IL will render accessi- |
bie and thus bring into market, large bodies of land
which would otherwise have remained unproducIive,
and at the same time exposed uespasses and dep
relations. tits respectfully submitted whether sound
policy does not require that additional appropra-
tion should he made for completing this ork
Messrs. Keeling and RIddick, who hold certain
lands near Lake Pungo, under title made years
since by the Literary Board having been sued for al
legged lrespass by the Albemafe Land company, The |
Board directed that its President employ counsel, 10
be associated with the counsel of Mrssrs. Keeling |
and Riddck, in suits in which is believed The in
terests of the Board are involved. The Board have
also taken steps to institute suits against all persons
who may be trespassIng on the swamp lands belong
ing to the Literary Fund.
The last General Assembly having vested in this
Board in trust, for the and benefit of Lera-
ry Func, all the estates that should escheat to the
State, the board authorised the appointment of
Attorneys, in all the countless the interests
of the board in this respect; but the appointments of
these Attorneys. and the commencement of suits has
been deferred account of caseipending in the S-
preme Court, involving the consturionaty of the
act referred to- .-
The Commissioners appointed by the last General
Assembly TO estimate the balance due the Messrs.
Cosby, for building the Institute for the Deaf and
Dumb and Blind, made an award in January last of
1921 20 10 these gentlemen. which has been
paid out CT the Literary Fund.
Professor Emmons, State Geologst, has been en-
gagged during the present year in the performance of
his important dntes under the direction and SUPER
vision of the Literary Board. He will no doubt sub
nit in due time, a report of his operations and OBJ
servaons, which will be laid before the General AS
sembly.
The Journal and proceedings Of the Board for the
past two years will be submitted TO the examination
of the General Assembly, whenever called for
DAVID S. REID,
Pres. Er-06icio LIT. Board.
(A.)
The principal of the Literary Fund is invested as
follows: -z~<z
/. 1929 Shares Stock in Bank Of Cape
Fear. s5sa,soo 90
2. 5027 do IS Bank of the
State. ,, soa.7oo 90
Road Co., endorsed by the State Z
due LIST JAM 1860. 100000 00i
4. Do. on Wilmington & Raleigh Rail -
Road Co., secured by mortgages s~s.sss /