Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1854-12-16


second sal in New York. The third sale, which
was in Raleigh was superintendent by the Governors,
Secretary and Comptroller of State, and IT, w. Moi
decai Esq And the last sale by the three last ma
med gentlemen qa'ae 's!szE :l,-g - =
"A record of the proceedings in each case, signed
by the gentlemen selected will be exhibited to the
Committee of Fnane. The remaining $1ll 600 not
sold the Goth October, arc now advertised to DC
sold on the Goth December inst.
small portion of the amount under neau OF pre-
MUM. obtained on the Northern exchange re-.
ceived on the sale of State Bonds. For when have
been able to obtain premium after such sales, on
such funds, have felt it my duty to do SO.
Hence Il charged the North Carolina Railroad
company premium part of these funds furnish
ed that company, and as there has been some doubt
about the propriety of such a charge against the
company, will state, that took the ground that,
as these funds belonged to the State exclusively and
she only part not sole owner of the road 1t was
proper to charge much could get from Others,
and especially from the Banks in this city, IN which
the State is also Interested
Under the act approproprating one-haf the sum
that should be found necessary to effect a eonnec-
ton between the Raleigh and Castor and the Sea,
board and Roanoke Railroads, there has been paid
out of the Treasury $S7, 500; but concluded to sell
only Ss7 600 bonds for that purpose, as an act OF
the last Assembly requires bonds sold not to be less
than $1,000, and plates were procured in conformity
with that act.
calls upon the Treasury, there has been advanced
from it, in the last two years, $40 800 to take up
the Raleigh and CASTOR bonds endorsed by the State
$50, 900 for Deep River; and much larger amount
for the w edon and CASTOR Road, and the Neuse and
Tar rivers than has yet been returned to 1t by sales
of bonds for these latter purposes -
A few works in explanation of some of the items
contained in the estimates of receipts and dIsburse
ments for the fiscal years 1855 and 1856, may be
necessary.
My reason for estimating larger amount of the
revenue collected by Sheriffs, for the year 1850,
than has vet been realized in any year, is the
fact hat hay description
to have increased every year since the present reve
law went ito operation, and anticipate Still
larger amount in 1856, in consequence OF the reas
scssment of real that is to take place ia 1866
as that description of property has evidently been
much enhanced in value, since the last assessment,
in every portion of the State but especially in GER
tain localities This law, | think, should b. amen
ded, SO as insure, possible greater uniformity
of valuation. As it stands the different boards
of Commissioners act separately not only n differ
ent counties, but in different portions OF the same
county, without concert consultation with each
other hence there necessarily Often great Unequal
ity of valuation of land in the vicinity and CT
the same value. l have placed in the column OF
estimated receipts in 1856, the amount those bonds
Id on the goth October last, but not paid for Oh
the first instant, have also, those to be sold on
tie goth December next; and have accordingly
placed in the column of disbursements, the small
amount that has yet to be paid out to two ot the
objects for which these bonds are sold
1t is scarcely necessary to remark that these csti-
mates are based upon the laws as they now exist,
as L
ature may be in relation to appropriations, &c And
| I may mention in this connection, that as could
not forcscc the appropriation by the last Assemby
of $50 600 out of the Treasury for the benefit OF the
! Deep River Improvement, it formed necessarily no
part of my estimates submitted to that body IN the
| carly part of the session. w
! After 1856, the present sources of revenue will
certainly be insufficient to supply the wants OF the
| Treasury Whether the North Carolina Railroad
will be completed time enough, and if completed,
will be able to declare sufficient profits to supply
this deficiency the Legislature will be better enabled
to judge, when report shall be presented from
| those having charge OF that Road
Should this be deemed doubtful, respectfully
! recommend that provision be made for an adequate
! increase of the revenue; for as L remarked IN my
last report it is important that the public and espec
| ialy those who deal in State securities, should see
determination the part of the Legislature, to
provide revenue for the payment OF interest, and
not to borrow money from year to year, to do So,
which is the exchange of one creditor Tor an
; other. -.
The estimates are of course confined to the Public
Fund and have no reference to the receipts into,
or disbursements from, the Literary Fund: But by
an examination of them, and of the Tabular State
ment pretty good idea, Think may be formed
of the prosperous Public Works that we have com
Dletcd and also of the extent to which others have
! been pressed forward towards completion And,
while several of sister States can present more
imposing array of such enterprises, few OF them,
fancy in pointing to many, can at the same time,
point to as small State debt as ours. But, as we
''
distance in looking to the purchase ofState secur-
tiles may say that this state of things may exist
and vet that our debt may have been kept down by
heavy annual contributions by our people to our
State Treasury and that therefore, 1t furnishes but
little evidence of the extent OF our rcsourcestor
their information it may be stated that 1t exists I'M
der system of taxation, the true character OF which
is at once indicated by the fact that it evies for the
State Treasury but 30 cents per annum upon tho
poll, and cents on the hundred dollars valuation
of real estate and that too, under an assessment
fixed several years since, and now, confessedly, by
far too low.
1t is worthy of remark, also, in this connection
that as will be by the Tabular Statement,
considerable portion of State bonds sold was
purchased by two gentlemen acting as the agents
of their respective States. And l am not aware
that more than these two States were in the mar
ket purchasing bonds at the time, while much lar
ger number were selling them. Both these gentle
men were natives of North Carolina, reared ane
educated in the State, and may therefore be suPpos
cd to be well acquainted with her resources and he
people.
suppose the usual authority will be given to thu
Treasurer with proper restrictions, to borrow mon
ey for the State to preserve, in any event. he
credit --
Respectfully submitted,
DANIEL w. COURTS,
Public Treasurer.
AFFAIRS IN KANsAs-SLAvERY, &c. correspon
dent of the Philadelphia Ledger writing from Kan