Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1854-09-20
FINANCES OF THE STATE.

late number of the Fayetteville Argus contains
the following:
"We hear it whispered about-how truly we know
nct-that the next Treasurer's report will show
very ma teral deficiency in the of this State,
Notwithstanding the vauntngs of the Standard upon
the prosperous condition of our finances under dem
ocatc rule Such result would by no means
prise us-nor would the organ in the slightest de-
gree blush at being detected in bearing false witness
Bragg is elected, and an exposure of the means by
which that end has been secured could do no harm
noT Before another election comes on, the organ
Vllhnd some other straw with which to tickle the
RIBS Of the unterried d-And after all, it would per-
maps be rather pleasant than otherwise to find that
here IS deficiency in the revenue. Our people
love to be taxed. They eschew all participation in
ne benefits derVable from distribution of the pub
lc lands and choose to be tarct-for the benefit of
democracy"
Inc Argus, it seems, takes advantage of "whis-
Per TO maSe declarations calculated so far they
lid! nave any influence, to affect the States credit
aAd diminish the premiums on her bonds.
Lie TACT is known that the present State admins
""00h came In with large Indebtedness upon it,
,ne consequence of Wing extravaganza. Whig
aers mad had control of public affairs for fourteen
YEARS; and during this time, though they had estab
ASNeu no general or State system of internal i'm
rO'einents, they had managed to involve the State
A'a'.y IN debt In 1916 this debt began to be felt,
}" 'hey made no provision by tax-bill to pay it, or
s s' 10 meet the interest. They borrowed from the
.'lO0i FUND and from the Banks, thereby heaping
indebtedness on Indebtedness; and this they did to
S'ape the odium of imposing taxes on the peo-
pie.
inat the finances of State have been we'll admin
.'s'eu during the last four years, no fair-minded
"H acquainted with the facts will venture to deny.
large sums it is true have been borrowed but this
'en uone In pursuance of law to carry forward
'sn oi internal improvements; and such has
'He confidence of the public, and of the shrewd
,enaers In the administration and in the char
h,N VI 'he State, that very handsome premiums
every case been obtained. The State, in this
re'' has succeeded better and made more adyan-
A. .''S oans than either Georgia or Virginia. The
r,I which processes to be the advocate of inter-
,osI mprovements, knows that Railroads cannot be
h.. u.eo "a without money, and good deal of it at
Don. ine difference between the Argus and the
FL. ''a's Is that the former proposes to 6eg fol-
# with the fact staring it in the face that
no.. oe tnus obtained while the latter are for
,boh all financial difficulties in the only way in
And uey can be met-by drawing on the means
no1.l sourees Of the people of the State. The Whe
c,,t'. 10 ueceptlve and impracticable- the Demo.
viii, reasonable, sensible, and the only policy
cess Can be resorted to with any prospect of sue
nn nave no reply to offer to the szauo contained
and e." aoove extract from the Argus Intelligent
A.t ,n'nded men will know what to make o.
mi. ~. we will not say the Argus would prefer bic
prosnal:. a want of enterprise and prosperity tc
but 'y and progress under Democratic auspices
to ooI lung is certain, that paper finds it difficult
spect,.as ~ any question through other than party
''e' The course which it is pursuing s of 3