The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1854-06-21
THE SURPLUS REVENUE.

considerable political information. Tor
the particulars of the operation Of the
Deposite Act of 1856. induces us 60
suppose that at this time particularly
others ~ our readers will be glad 10
see the facts in print.
Ii Is known 90 every one, that in
1856 q bill was introduced by Mr..
! Webster 60 distribsie smong the ST. { $,
according to federsi population. the
immense ssrplss revenue which had
accumulated in the Treasury. smeunt-
ing N the lst of January 1857. when
the act sent into operation. 10 81.
466. $50 81 (oser and abose 81. .00O. 600
retained in the Treasury passed both
Houses Of Congress by such oyerwheIm.
ing majorities that Gen. Jackson sign
ed il. thaugh reluctant To do 50. This
large surplus was produced by sales
Of the public lands. From which source
upwards Of twenty Eve millions were
derived in the year 1886.
by letter from Mr.. Woodbury.,
Secretary Of the Treasury, dated Jan'y
/; Sd, 1887. the share oi North Carolina
was stated at - .9iI .6.6 So. II was
payable by installments, one e.fourth
every 90 days. The amounts falling
due on the Ist Of January, April. and
July were paid into our State Treasu-
ry. amounting TO si. .433,.57 so. be-
tore the 4thinstalment of s477 ,9i9 IS
fell due thestreasury was bankrupied,
under Van Burcn's Administration. an
extra session IL cangress was called,
N dnd one of its first acts was to suspend
the payment af that instalment. lthas
never since been paid.
By reference 20 the lst vol. Of the
Rev ised Statutes of North Carolina, it
will be seen What disposition the I.c-
gislature made of this noble fund. The
first provision was for the payment of
a debt vi the State d $500 900, previ.
ously incurred in the erection of the
State House. &300,0O0 were next in
vested in the Cape Fear Bank (now
worth $500. .000.) the dividends from
which have been constantly appropriat-
cd to the Common School Fund. 5000,
900 we're subscribed to the Whining
ton g. Raleigh Rail Road, securing the
com plctioa of that important work.
The dividends from this stock also have
been paid over 20 the commen School
fund. And e2OO. 900 were appropriate
ed 10 draining the Swamp Lands, which
lands also we're given TO the Common
School fund.
| These are the material particulars.
n There is now another large surplus
in the Treasury. aud il would be a good
time Ia pay over that 4lh instalment.
There would still be about twenty mil
lions left in the Treasury, which is
. more than ought to be there; whilst
| the handsome sum Of nearly hall mil
lion Of dollars would be oI great all.
vantage TO North Carolina, in aiding
her to carry on her judicious schemes
of internal improvement.
!. Fayetteville Observer.
KEEP IT BEFoRH THE PEorLE, That
Alfred Dockcry. the Wing candidate
for Governor, is a Federalist Of the
worst stamp; that he holds cbnsolida.
tion notions in relation to the State
: aud the general government; aud that.
so confirmed were these notions, aud
so strong his prejudices with the free
States in the struggle Of 1850, that he
said he would vote in Congress men,
aud money, and ships of war to reduce
! the State Of South Carolina and his own
State into subjcction to aggressive and
usurping federal rule.
Raleigh Standard.
KEEP 1T BEFORE THE PEopLB, That
; the editor Of the Standard, who thus
belches up his bile against the Wing
, candidate, is a Locofoco OF the worst
: stamp; that he holds secession notions
: in relation to the State aud general go
vernmcnt and that so confirmed were
these notions, and 50 strong his prcju-
J. dices with the disunion States in the
struggle Of 1850, that he exerted all
, his powers to disseminate his heresies
and bring about dismemberment ol
this glorious Union.
4! Keep it also before the people, thatup
on whatever authority the Standard in
forms its readers that in 1850. or at any
other time, General Dockcry "said ht
would vote in Congress men, and money
and ships Of war to reduce the State o
South Caroli and his own State int,
subsection to aggressive and usurpins
! federal rule" it is as foul falsehoo,
, as the father of lies himself ever forge,
! upon his anvil /; and that in slander. a
! in larceny. the receiver is as bad a
the thief. N. C. Argus,
y A friend has called our attention, I