Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1854-12-01

comfort, saubry Of climate, and capacity Tor agriculture
manufacturing mining North Carolina is not surpassed
by any in the Union. udcous system q Internal
great and entitled to the favorable
deration of the General Assembly he improvements al
ready completed well those in the of construc-
on have been productive OF very important advantages
but they still from aordng facilities adequate to the
of the people There time when there
listed stronger necessity for sefreance The North du-
ring the last twenty five in the way OF protection and
other unjust e1actoDs has exorted from North carolina
money than would have been required to improve all
rivers and construct all of railroads. The farmers
and other classes need cheap transportation and
markets. where they carry their property with safety
They need commercial and manufacturing towns and cities
ing without continuing longer pay tribute to the North
They need INSTRUMENTATION within their State that
These de rabe objects can accomplished by inland i'm
provements They however not the work OF day.
but time large expenditure OF money will be
required for their completion What can be done with safe
ought to be done and the rest lett to time In EN-
barking Internal improvements due regard should be
had the and of the State as well as to the
necessity and praccabiy of the works themselves Wild
visionary schemes should be avoided and the credit of
the State should be nvoaby maintained The works should
the be expended The particular objects Of i'm
povement which expedient to prosecute at this time
General Assembly.
Since organization of the Raleigh and CASTOR Rail
Company the road under the charge of that Company
has thoroughly repaired the connecting link be-
tween that road and Wilmington and Raleigh and the
Seaboard and Roanoke Railroads has been completed This
road affords increased facilities for transportation and travel to
important portion Of the State is represented to be in
very prosperous condition. and paying very hand
some dividend to the State
The Wilmington and Raleigh Railroad continues afford
great facilities the public and pays good dividends which
60 increase the income of the Literary This road too
is represented as being in very prosperous condition
expedition of such works. and considerable portion of the
road has been laid down Thsmportant enterprise when COM
State.
The Board of Internal Improvement have from time
became necessary ordered the Public Treasurer to sell
the Bonds Of the State her subscription to this Road
thousand dollars 6 $50 00N the bonds authorized by law
to be issued for THIS purpose have been sold by the Public
premium obtained on these bonds fact afordng the highest
evidence of her credit and standing The report of the Pre
dent and Directors Of this company will be communicated
The the North Carolina Railroad Company pro-
es for the representation of the stock of the State in the
meetings of the Stockholders but does point the mode
by which such shall be appointed At the last
certain amendments the Charter of which authorized
the Executive to make the appointment and with that
ty would have placed the State which thirds of the
stock minority in the meetings of the Stockholders This
s he%sees At eah meeting Appointed
representative for the State but am unofcay informed
and the consequence has been that the State has been
se1ted IN tnelr meetings ne rgnt Of representation Is pro
the of the individual Stockholders Therefore, make
question perfectly clear only necessary provide by
law the which such representative shall be appoint
In all cases where the State makes subscription to corpo-
ration she ought to retain the right to he represented in pro-
The construction of the Wilmington and Manchester Rail
road has been with much energy and enterprise
the improvement aording important advantages to po
pany having this road in charge has officially acted the
amendment proposed to its Charter by the last General Assem-
bly, 1t is believed however that the Amendment, will not be
/ accepted
The States subscription the Neuse River Navigation
in relation the valuable improvement under the
Z charge of that Company, is herewith transmitted.
The subscription authorized by the Act of the last session
the Legislature be made to the Cape Fear and Deep Rive
Navigation Company has been paid upon compliance witt
the conditions prescribed The Improvement under the charg
of this Company desirable object and when completed
> will afford important commercial advantages.
The appropriation for the improvement of Tar River ha
been paid to the Commissioners appointed supentend ha
s"cen comp h h be found
The Fayetteville and Western Plank Road has been extend
in affords great facilities public The report
President and Directors of the Company having that road
The Western Turnpike has also been extended, and is
work odng great convenience to the portion of the State
The Stock of the Mcdowell and Yancey Turnpike ha
been subscribed and part of the States subscription beer
The Reports the Cape Fear Navigation Company
Of of the Western P nix Road Company, herewith
mitted Also the Report of the President of the Petersburg
ne of the Geenve and Roanoke Railroad Companies
the Report Of the President and Directors of the Roanoke
IN Navigation Company.
Agreeaby to the provisions of the pissed the las
S N 81 me nera Aseney tae Aan
us Railroad Companies arrangements We're made with the Pres
he for the Survey of Railroad from Beaufort Harbo
to Goldboro and also for the Survey of from Sails
ments Col Walter Gwynn appointed Chief Engineer t
supentend their execution The Surveys of both Of thes
important improvements have been made The able Repor
he of the Survey of the Eastern Rout has been made.
ne herewith transmitted The Report of the Western Rou vii
n be transmitted when finished,
The Assembly is respectfully in
on ved to the subject public highways Good road
important to community The mod
oasesing the labor to construct and repair the commo
Oh highways is unjust and unequal The labor performed
tax ltquenty under the existing law that person
possessed of large estates contribute little labor
OF pairing roads, while heavy exactions Of
Tor whose very limited This is wrong. Person
ough to contribute proportion the their
fe tatas.
Try was two Million eight hundred and nntysx thousand
us hundred and seventy dollars, thyone CENTS 500 q
n BID This does not include two hundred and fifty thousan
VI dollars $250OO0 ofhe Bonds of the Wilmington Ra
he gh Railroad Company which endorsed by the
because the Company regularly the interest and or
The Report Of the Public Treasurer showing the condto
pie Of the finances of the State WILL in due time be commgniea
RI tod.
nd Tho Report the Comptroller for the fiscal year
he Octobef3 lst, 1853 is herewith transmitted
In regard to Revenue system repeat the
~ last session Of the General Assembly No more none
should be collected IRON the people than
fray the economical expenses of good government Taxs
M 1ndlspensabe but OF the first duties Of I'll
statesman to endeavor equaze the burdens, well
the benefits of the system OF late years. the demands
the Treasury have increased and financial syste
has assumed important aspect The tax for
~ purposes is collected entirely land and polls til
h paid into the Public Treasury these items
small when compared with the paid for county purpose
5 An examination into the existing laws will
that they operate unequaly In many the dscrim
nation made between objects of taxation sstrkngy
AS general rule it is believedthat the the
a. should be proportion 10 its value sui ec such
any, inasnuch as property on the one hand ought not to
rs made the test OF public Vege, neither the
Just public efor capitation tax
imposed Slaves regarded extent both
ALL ank property The following wise provision of state Con
N legislation on this subject:
he fhronOh nut The