Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1852-11-24
RALEIGH AND CASTOR ROAD.

The Report Of w. w. Vass, Esq. President Of
the Raleigh and Castor Rail Road while in charge
of the State, communicated to the present Assem-
bly,, is before This docu ment is brief but cred
liable to the President and to those who under his
direction, contributed for SO many months to keep
this work in operation slender foundation
and with such small means. .a
We regret that we lack space to present the
Report entire, but we make room for the follow
ing extract in relation to the purchase of certain
quantity of iron for the Road under Resolution
of the last Assembly
"Fcr reasons above given, the Road, with the
slrctest economy. and the most interchangeable exer-
lions on the part of all concerned has been able
to maintain itself, deraying its and necessary
expenses, and realize sufficient surplus pay for
the iron purchased in February, 1851. Indeed, it
conld not have been done by anything short of mir
acle The history Of the purchase alluded TO is known
to your Board. in my report of November %, 1850,
and which submitted to the Legislature then in
session, the fact was stated that the Road would have
to stop operatIona at unless or hundred
tons of light iron could be Immediately procured and
laid upon the tract. To prevent the alternative ind
Gated and, with the laudabe view of keeping the
road as long as the convenience and necessities of
the public seemed to demand, the Legislature, the
eve OF Its final adjournment, passed Resolution au
thorsing Board to make the necessary purchase
OF iron, If it could be made by pledSng the proceeds
of the road for The payment Your Board authorised
me TO make the negotiation; and, with official
copy of the said resolution, repaired the extensive
iron establishment in Richmond owned by Mr. John
K. Anderson. The Resolution of the Assembly,
copy OF which is appended, exhibited by
the only basis on which was authorised 10 negotl.
ate and, Road had been dealing regularly, for
several years past, with the house of Mr.. Anderson
Justly distinguished for its high character and enter
prise, that gentleman did hesitate to enter into
written contract to furnish iron the terms proposed,
and price below that which we had paid six
months previous.
1t has happened, that the receipts Of the road,
as before Indicated have not been sufficient
its current, necessary expenses, and 10 pay for this
iron, any portion and the whole debt, amount
ing. with interest, the LIST May, 1851, TO the sum
OF $l2,7ll rs, is still due and unprovided for.
The whole of the iron purchased was laid the
track of the road and since the transfer of the road
TO the new company, it has remained in their posses
sion. 1t Will not, trust, be inappropriate in to
express the hope that your Board will lay this matter
before the Legislature of the State, to whose special
attention it is commended by its intrinsic i'm
to offer my congratulations at the final triumph of the
old Raleigh and CASTOR Railroad all its difficult
ties, and the confident belief that the State will
once promptly adopt measures for the payment OF
this debt, contracted at the darkest hour of its his
tory and to its very existence, due by the strict
est principles of justice, and for which the State of
North Carolina has received valuable considera-
tion.''
We are requested to state that in the printed
Report, laid before the Assembly, in the 9th line
of the 4th page the figures 500 sos, ought stand
S266 OS.