Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1854-11-18
$1,274,2OO 90

Estimating these Stocks at par, they amount to
1922, $50 more than the debt of the company; but
to issue the Stock remaining OF this company, would
be bad policy, so long pay but an average of
per cent. interest debt, while on the Stock
already issued, enabled to divide per cent,
which would obviously be reduced if the number of
shares increased. By prudent management,
there is reasonable doubt but that
tnue to pay from to per cent dividends, and
gradually sink the debt before it all becomes due.
The business prospects of the Road are improving.
The North Carolina Road will soon be completed to
Hillsboro' when we may reasonably expect large
addition frcighting business, from region of
country from which have heretofore received
nothing; and we can see no possible reason for
diminution of our business, but the contrary flat
tering prospects of large increase
Your road is in good condition, and it is we'll
stocked with motive power and cars. There are
eight first class passenger engines, and seven first
class freight engines, besides number of second
class machines, most of them, but of little value to
now since a better class of machines have been
introduced upon the Road. We, therefore, cannot
any just reason for necessity for any great
outlay in this department Cor the coming year.
The other portions of the Report devoted to
Work done during the year." Rates of Trans
portation," &C. The exhibit made by the President
and Directors is most gratifying. This noble inn
provement is realizing the expectations of it's
early friends and its prospects in the future under
prudent and efficient management, are most cheer
ing.
~ We observe that Messrs. Hogg and Haywood,
gentlemen of much spirit and enterprise in business
matters, are about completing, near this City,
adjustment containing variety of machines for
working in lumber and TIMBER and also for grinding
grin. They will have in operation Beardslee's pa
tent planning machine and tonguing and growing
machine; also Sitting and cutoff saws, for reducing
plank to any desired length breadth or thickness;
a scroll saw, for saving all kinds of ornamental
work for carpenters cabinet makers, coach makers,
&C.; morticng and boring machine combined for
morticing sash, DOORS blinds, hubbs, shutters &C.;
tenonng machine for cutting lemons of every descrp
ton moulding machine for mouldings of all sizes
Daniels machine, for planning all kinds of heavy
timber not within the capacity of the Beardslee ma
chine large wood turning laths for every description
of wood turning from the largest columns for porti-
to the most delicate cabinet work two large
grndstones of three and four feet diameter for grind
ing tools aso a patent hominy mill, and an i'm
proved grst mill for The Beardslee machines
above referred to, capable of planning, tonguing
and growing in the best possible 900 feet
of plank per day, of all widths and thcknesses from
fourteen inches by two and half to inch by a,
half inch. The whole is driven by a steam engine
of thirty horse power, which, for design and beauty
of workmanship, is not surpassed by any engine in
the State. The engine and all the labor-savng ma
chnery of the very best quality, and combine
the latest improvements. They selected with
much and furnished by Mr.. Henry G. Bruce
a superior machinist, of this City, who has given
his personal attention to the location and arrange
ment of the engine and machinery. The cost of
the entire establishment learn, will be about
$4,000
The importance and benefit of such an establish
ment to the community, must be apparent to every
one. We trust that DIR. Hogg and Gen. Haywood,
who have thus literally invested their means, will
be richly remunerated for the outlay of capital as
well as for their time and attention given to the
business.
New York ELBcTIoN-Abany, Nov. 13.-Clark,
the whig candidate for Governor is probably elect
ed. The Argus foots up the returns for to-morrows
issue as follows -.
Clark, (whig) 1921
Seymour, (dem.) 12S,752
These returns do not include Clark's estimated
majorities in Fulton, Hamilton, Schenectady and
Tompkins counties which, added to the above, give
Clark total majority of 1,7O6. a. =
The result in New York, it is seen, is in much
doubt. We thought and so stated in our last that
Seymour was elected; but the chances now seem
to be in favor of Clark, the abolitionist. We may
hear finally before going to press
p. s. The result to Governor still in doubt 1t
will most probably require the full official vote be-
fore it be ascertained who is elected, Seymour
or Clark.