Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1852-10-20

A iudicous system OF Internal Improvements oy
the State, has ever been regarded as SUBJECT o
great importance, and entitled TO the 1avoraole con
fsnlprotion of the General Assembly. The want o.
cbean transportation is deeply felt by the agricul-
turaI commercial, manufacturing and mining IN
toroots of the whole State. To overcome this In
oen;once could not fail to increase the reward Of
avery industrial pursuit. and add to the wealth an
PROSPERITY of the people of the State. belleV!ng
that the members of the General Assembly, coming
from the various counties, Will De 1uly PrePreu "
;ve due consideration to the claims OF every por-
ton of the State donot feel called upon to decide
between the peculiar merits of the many public
| improvements which demand the patronage OF the
State Works of internal improvement necessarily
involve large expenditure, and should be under
taken with due regard to their practcao'lty, ana
to the adequacy of the resources and means neces-
sary to complete them. The General Assembly,
which authorizes work of internal improvement,
ought, as general rule, to provide for raising the
means necessary for its completion. Whether
public opinion and the condition of the treasury
will Justify the State at this time IN embarklng IN
other and new objects of improvement, and II so,
to what extent is question which IS suomltteo 10
the prudence and wisdom of the General Assem-
! bly, A wise and prudent system all should ap-
prove: a wild and extravagant sche ne all should
deprecate
The REQUISITE amount having been subscribed,
according to the terms of the Act passed at the last
session Of the General Assembly to incorporate the
Raleigh and CASTOR Railroad Company, in the
month of October last, the Commissioners on the
part OF the State delivered over the Road and nix
lures to the new Company. Since that time, the
Road has ceased to be under the control and man
apement of the State. Since the transfer to the
new Company, the road has been undergoing an
entirely new superstructure, which Is nearly COM
plete. .,,.
This improvement has already enhanced facilities
to the State The stock has been subscribed to
form the connecting link between this Road and
the Wilmington and Raleigh and -Seaboard and
Roanoke Railroads, and this important work is IN
course of construction.
At the last session q Resolution was passed, au-
thorizinp the President and Commissioners of the
Raleigh and CASTOR Railroad to anticipate the re-
ceipts of the road by the purchase of two hundred
and fifty tons of ron for the purpose OF repairing
the road, and authorship them to pledge the re-
cepts of the road for the iron thus purchased. 1t
was provided that the State should; in no manner
or in any event, be held liable for the purchase
money; and, when the new charter should be ac-
cepted, the iron should be sold for the benefit OF
the State In pursuance of this resolution, the
President of the road purchased two hundred and
fifty tons of iron from Mr.. Anderson, of Richmond,
and it was applied to repairing the Road. A part
of the iron has been taken up by the new Com
pany, and part of it, presume, still remains on
the road The new Company has made no prop
osition to purchase the iron. Unless the Legisla-
ture shall otherwise direct the iron will be sold for
the benefit of the State.
It is believed that after the settlement of the
accounts and the payment Of liabilities for the ex-
penses of the Road there will be little, if any thing
applicable to the payment of the debt contracted
for this iron. If the Legislature requires the pro-
ceeds of the sale of the iron to be placed In the
Treasury, it would prevent Mr.. Anderson from re-
ceiving any portion of his debt Should the pro-
ceeds be applied to this debt they would not pay
one half of it. recommend that the General As
sembly authorize the proceeds of the sale of the
iron to be applied towards the payment of the
debt contracted for its purchase and it Is submit
ted, whether an appropriation shall be made to pay
the balance. ......
The Report of the President in relation to the
affairs of the Road, while under the control of the
State, will in due time be communicated to the
General Assembly. In enrolling the Bill passed
at the last Session to incorporate the Raleigh and
CASTOR Railroad Company, it is believed that some
of the sections as it passed were omitted, which
renders farther legislation the subject necessary.
One of the omitted sections authorized the ap-
pontment of four directors the part of the ind-
vidual stockholders and only three on the part of
the State The Board of Internal Improvements
only appointed. the number provided for in the
omitted section. But the State owns one-half the
the Stock and II Is OeleFen Sne OugnC 10 nave Lno
appointment of one half of the Directors and it is
recommended that such provision be made by
law.
An Engineer was employed TO survey Neuse
River, and the balance of the appropriation made
under the Act of 1s5O-'51, after paying the ex-
penses of the survey, has been subscribed to the
Neuse River Navigation Company, directed by
said Act, and part of the appropriation paid to
the Treasurer of said Company. :. This is a work
of Importance, and its completion promises highly
beneficial results. The report of the Engineer APP
pointed to make the survey is herewith transmit
ted
Three Commissioners were appointed under the
act of $3.50 to superintend the improvement OF
Tar River. This is desirable improvement, but
it is doubted whether the appropriation is sufficient
to accomplish the object for which it intended
The whole amount of subscription of the State,
to the Cape Fear and Deep River Navigation Com
pany, has been paid. The work is progressing, and
promises to open new and valuable commercial
advantages not hitherto enjoyed by the State.
Under Resolution passed at the last session Of
the General Assembly, the Public Treasurer trans
ferred two thousand shares of the stock owned by
the State, in the Wilmington and Raleigh Railroad
Company, to the Wilmington and Manchester Rail
road Company, whereby the State became stock
holder in the important improvement under the
charge of that company. In directing the transfer
of the stock the resolution did not make any change
in regard to the number of directors to which the
State should be entitled in the Wilmington and
Raleigh Railroad Company. Under the crcum.
stances tho Roayd NJ Internal improvements did