Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1856-12-19
rrs.. :, -. Fl. From the Raleigh Standard

we nave before US the Report of Mr.. Conf.
eulef OF the State OF North Carolina. show;nat rea'
.ecelpts INTO and the disbursements from tba Sne
obn tot 'he Two last hsca years, from 31sr q"
gather the following: avn "nich We
me receipts into the public fund for the fiscal
1900, were $2.452,137 81 and the dishmr.ye year
978 81. P'''00' were s2,S23.
The receipts into the public fund for tho &C.,,
from that fund during the same period woro
$50 40 p''''o were $l,233.
loe receipts into the literary fund for thu =
year 1893, were $l46753 s5 and the dsbnr0on'Oal
from that fund during the sama nar;o1 disbursements
| $50 so. f0'A oO' were $202,.
| The receipts into the literary fund f.,
year 1856. were 1888, O73 and the d"hn 'ne fiscal
from that fund during the same period ro.a
| 976 %. 9e''ou were $685..
On the first day of November 1856 the ,rooo
nao IN nand as balance Of the public fnnd ."b:t
| to draft ana use the sum of S256456 90 'uUJect
The affairs of the Office have bean roon,, .
treasurer Courts with signal ability and ny MI
DO more diigent or faithful officer could 10 and
! We make The following extracts from his IT pnN
! Having furnished his Excellency, Gov BIZ;
with all the information from this office that - sg'
culated 10 shed light upon the amount that will vol
Dahy be received into the public fund Tor the f ro
| fiscal years commencing the 1st inst and the nroh,
BILE demands upon it, all of which will be nrsaon,"
to you N his message, il is unnecessary that s6ou
add anything upon that SUBJ ect. From this ,u;u
be seen, that some legislation IS necessary in w"
increase the receip into the treasury; the .mn,
of this increase will depend much upon what nv"
| be expected from eel tain internal improvements !;
the Stale, and especially from the North Caron M
Railroad Company. '"'
do not suppose that 1t is necessary for ma n cor
anything to the General Assembly of Norh. Caro;a.
upon the importance of providing the n.cassor"
means to meet at all times, the obligations Of thu
STATE. WV
But will take this occasion TO saw that ba vim,
been for several years connected with the finance, n
the State, and charged with the responsibility Of m.at
| Ing from time to time, the demands against hor 7
suppose my opportunities have been as good as those
of any other person, for collecting the sentiments of
our people upon the subject of State credit and
The degree of importance which they attach to the
necessity of upholding it; and | think do not nav
them an undeserved compliment when give a.
my opinion that the great body of them would either
readily torgo Tor season, the supposed benefits Of
any proposed public improvement, or would quietly
submit to any additional taxation hat should be found
requisite, rather than that the credit of the State
should receive the slightest arnsh from a non COM
pliance with her contracts. Perhaps in no State is
the enobing sentiment of State pride more generally
telt, or more warmly cherished than in North. Caro-
lima and one who loves the State, would wish to
see this feeling diminished. | will remark further
IN this connection, that while it is not my province
and therefore not my purpose to express an opinion
upon The policy that has been or may hereafter be
pursued IN relation to the internal improvements of
he State, hazard the opinion that system thus
far, whatever may have been its blnnders in partcu-
lar cases. has in the main greatly redounded TO the
prosperity of the State and these improvements
have been chiefly built up by the aid of the State,
by giving her pledges have no doubt her faith and
honor, hitherto unsoiled, will still be preserved by
| the prompt redemption OF these pledges
1t will be seen that | have, since my last report
completed the issue of State bonds that requIr-
ed to be sold under the act of January 10Th, l849,
! for the improvement Of the Neuse and Tar rivers,
anu for the building of RAILROAD from CASTOR to
Wedon, amounting in all to $4,000; and have
also issued under act of the last Legislature fifteen
bonds of 81 900 each, for the further Improvement
of the cation of Tar river. stated to the last
Legislature that had sold bonds to the amount Of
8 $50 900 for the North Carolina Railroad. Since
that have sold $370,000 making two millions, as
required by the act of January 10th, 1849 | have
also, under act of the last Legislature, sold for the
same road 81 900 900, making in all three millions Of
dollars for that road Under act of the last Le-
glsaure, advertised the sale of ten bonds OF SlOOO
each, for the construction OF the plank road troU
Fayetteville to Warsaw but four of them however,
only bid off. | have paid out for the road, as
will be seen, $4,000; that six more bonds re-
main to be sold, and the proceeds held in the treasu'
ry. The following bonds have also been Sold under
acts of the last Legislature, TO wit $4,000 Tor the
Insane Asylum 533 900 for Atlantic and North Car.
DINA Railroad and $500 600 for the Western North
Carolina Railroad. 1t is proper TO remark however
that $50, 900 of these sold for the Atlantic and North
Carolina Railroad. and the 100000 for the Western
North Carolina Railroad have been sold since the Isl
instant, sni will therefore appear in the next report
from this office.
All these bonds were advertised, and the bids for
them were awarded by the Governor, Secretary and
Comptroller Of State and President of the Bank OF
the State
Since the last Legislature, have endorsed bonds
of the Deep River Navigation Company to the
| amount of $500 00O and for the Chesapeake and
Roanoke Navigation Company, to the amount Oh
$4,000. 1t will be seen that have paid to The iad'
kin Navigation Company SIS 900, and TO the New XIV
er Navigation Company $4,000 No authority "a'
given 10 sell bonds for these improvements.
You will receive from the directors of the Insane
Asylum detailed report upon the operations OF ns
institution
Surprising it would be the pleasure of the Legs
lature to establish sinking fund.- for the gradual eA
tinctIon of public debt, have taken pains 10 a'
certain the plans adopted by ct our sister oVae'
for the extinction of their debts. This information
| viii he laid before The Committee OF Finance.
AS the subject OF renewing the charter OF the Dan1
of the State, or of establishing another ore or no
in it's stead will presume, engage the attention u
the present Legislature, deem It my duty to remaA,
that nv experience in this office SATISFIES me Oh n'
absolute necessity of having at all times either
principal or branch bank in this city, with meals sur
fcienty large to loan to the Stale such sums as 10
exigencies may from time to time require, TO !acily
tate the operations of the Treasury in antcpatTn
the receipts of the revenue of the State HlnT w.
the aid which has been in this way urnisheu y.
years by the present Bank Of the State in ADDITION
that afforded by the Bank of Cape Fear, the OPe%
lions of this Office would at times have been g'e''
embarrassed
The different acts of assembly charterlng the Wv