The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1854-12-01
RLoTTE N. G. FRIDAY MORNING, DECEMBER 1, 1854

avail ourselves OF the improvements and khowl
edge Of every partof the globe. The geograpli
cal posilion,ofahe State is such that her iramenst
stores Of wealth couId be of little advantage il
/ the scale of commerce, were il not for inland i'm.
! Provement. To the iull development of our re-
I sources, there presented many obstacles which
= appear almost insuFIHouBtable; vet we ought te
remember thatdhese are more Ihan compensated
| by 'he great advantages. wes.enI Joy When We
rcflec that others have overcome greater obstacles
there is 40 cause to Despair For when we con.
sder hcaIti,. comfort, salubrIty Of climate, and
I capacity for Agriculture Manufacturing, and Mi.
ming, n Carolina is noi surpassed by any Stale
10 the Union. a judicous system of Internal
Improvements by he State has ever been regarded
as a subject OF great Importance, and entitled to
the favorable consideration of the General Assem-.
! bly,. The improvements already completed, as
well as those in the course OF construction hay
! been productive, Of very important advantages
but they are still far from afordng facilities ade-
quae 10 The wants of The people, There never
/ was time when there existed a strong -neces.
sity for self reliance. The North during the last
twenty five years, in the way Of protection and
other unjust eXactions, has exorted from North
| Carolina more money than would have been re-
CURED to improve all our rivers and construct all
! OF our railroads. The farmers and other classes
/ need cheap transportation and convenient markets
where they can carry their property with safety.
| They need commercial and manufacturing towns
and cities at home, with shipping 10 do their own
importing and exporting, without continuing lon.
ger to pay tribute TO the North. They need in
| accommodation within their own State, that they
may understand and appreciate the wants of each
other.
These desirable objects can be accomplished by
inland improvements. They, however, are no,
the work of dav. nor of a year, but time and q
large expenditure OF money will be required for
I Il
their compeIIon. w hat can be done with safety
ought to be done now, and the rest left to time
! In emharking in Internal improvements, due re.
gard should be had 10 The means and resources of
the State, as well 10 the necessity and practca.
bllIty OF The works themselves. Wild and vision
ary sch6m should be avoided and the credit of
the Stale should be invioiably maintained. The
works should at least promise advantages to the
people corresponding with the amour, to be cx.
pended The particular objects Of Improvement
which II is cXpedi' nj to prosecute at this time, is
question submitted TO the prudence and discretion
Of The General Assembly.
Since the reorganization Of the Raleigh and
Castor Railroad Company, the road under the
charge OF that Company has been thoroughly re.
paired, and the connecting link between that road
and The Wilmington and Raleigh and The Sea-
board and Roanoke Railroads has been completed
This road affords increased facilities for transpor.
tafIon and travel TO an important portion of the
State 1t Is represented to be in very prosper
Gus condition, and is now paying very handsome
dividend TO the State.
The Wilmington and Raleigh Railroad contin-
ues to afford great facilities TO The public, and pays
good dividends, which 60 10 increase the income |
OF the Literary Fund. This road too is represent
cd as being 10 very prosperous condition.
The North Carolina Railroad is progressing |
with the usual expedition of such works, and
considerable portion of-s.he road has been laid
down, This important enterprise when compile
ted, promises great advantages to large portion
Of the State.
The Board of Internal Improvement have, from
time TO time, as it became necessary, ordered the
Public Treasurer to sell the Bonds of the State 10
pay her subscription to this Road. Up to This
time, the sum OF million six hundred and thirty
thousand dollars ISL $40, ,OOO) of the bonds author.
zed by law to be issued for this purpose, have
been Sold by the Public Treasurer The State
has realized no Incons'derable sum for premium
obtainrd on ncse bonds, fact aflordi0g the High
st evidence OF her credit and Standing The re-
'ort "I he President and Directors OF this compa.
~, will be communicated IN due time
The Charter of the North Carolina Railroad
-omPauy provides for the represenra alton of the
tock Of the State in the mpetings of the Stock.
Ioders, but does not point out the mode by which
Uch representation shall be appointed. At the !
ast session Of the General Assembly an Act W as I
oSSCh pI'pVSii9 10 lucCDar-
ar, one OF which authorized the Executive to make t
he appointment; and with that proposition there t
vas incorporated another which, in ali probab II
V, would have placed the State, which owns two a
ards OF the stock, In minority in The meetings p
the Stockholders. This ACT was, in my opinion, n
cry property rejected by the individual Stock. is
olders themselves. At each meeting appointed
representative for the State, but am unofficial Il
: informed that such appointment has not been
'cognlsed as sufficient, and the consequence has y
zen that the Stale has been unrepresented in their
eetlngs. The rig ght OF representation is provided Il
# in the Charter, and its exercise does not de-
md upon the assent of the individual StoekhoId ia
s. Therefore, TO make this question perfectly p
ear u Is only necessary 10 provide, by law the p
anncr in which such representative shall be ap
'inled. al
In all cases where the State makes subscrip. Ia
N 10 corporation she onght 10 retain The right ia
be represented in proportion 10 her stock. 8. ie
The construction of the Wilmington and Man.- nj
ester Railroad has been prosecuted with much er
ergy and enterprise, and the Improvement is af- Ia
-dng important advantages TO portion of the ed
ate. IS far as have been Informed the Com CO
ny haRing this road in charge has not officially po
led on The amendment proposed 10 lis Charter th
the last General Assembly. Il is believed, is
wever, that the amPndErni i'll not be accepted is,
lhe States Subscription 10 the Neuse River Nv. wi
ri"n Company has been paid. The report OF sIs
President and Directors in relation to IiIe VAL lht
Jie uDder the of that Com,