The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1856-12-24

Carolina has recently invested three mil
lions of dollars in the North Carolina Rail
Road. ii has subscribed 81 ,O6T,00O in the
Atlantic and N. G.. r.. Road; $8Ou,000 in
the Western Extension, with covenant to
increase this, in the ratio Of two to one, as
individuals shall subscribe the one-third. 1t i
owns over half million in the Wilmington
and Weldon Road and believe one half OF
| the Raleigh and CASTOR Road; besides large
sums in other companies; all OF which are
looked upon and intended to be North Caro-
lima works. Now takeit, that il would be
a moderate calculation to say that, in very |
few years, the liabilities of the State for In
ternal improvements will be sl0,000,000. 1t
is already 1000, 900 or SS,000,000. The
taxes necessary to meet the interest only OF
/ this debt, are, in the opinion OF many liberal
minded men, quite high enough in all con-
science, Yet these taxes will have TO he
increased considerably yet, to make them
adequate to the necessary requirements OF
our Treasury. But when we come TO add to
this, the indispensable duty of raising sink
, ing fund to meet our debts as they fail due,
it requires high order of courage to look
, steadily in the face, the serious sacrifices
which we shall be compelled by every homo
, rable consideration unhesitatingly to make.
am persuaded, however, that even the bold
, est would shrink from the contemplation Of
| the state Of things, if it we're not expected
and believed that those various public works
. into which this State has entered so largely,
. will shortly become remunerating invest
ments, and thereby relieve the State not only
from heavy tax to meet interest, but con-
: tribute not a little to raise the fund necessa-
~ to pay Of the principal as i falls due.
How Is this hope To be realized: Must
clearly by all North Carolnians, as far as
practicable, using those high bought iaclil-
J. ties for markets and travelling, in preference
a 10 those of other States, or any others that
> might seriously impair, II not destroy, their
n ability to meet the states reasonable expec-
{ tations.
i Now what is it that Mr.. Boyd asks the State
\ to do: Why, simply to destroy in the most
!. efFeetnal way, the only rational basis upon
!. which these expectations are built. III ass
gen 10 mahorise tae connecting i,k il line
J Of Rail Roais, ,chicd ,ciA reader almost en-
;. firety useless the gigantic and most praise
i worthy works which the State al heavy ex-
pense, and with noble liberality has embark
!. Cd in. The Road from Dalyile to Greens
. borough, tapping the State in its richest sec
4 ton, as il does will, with the and Of THAT part
! If the n. @. Road from Greensborough q
! Charlotte, eitectually drain the State 81 the
). greater part OF it, greatly increasing produc-
n tlons; Will destroy the Wilmington X Wei.
:, don, the Raleigh < CASTOR. the Atlantic 4
= y. Carolina, hundred aud thirty--miles OF
% the y. c. Central, aud all other Roads and
s other works of similar character below
II Greensborough. Il will constitute with the
! line il completes, tie hig'i Road Of all the
travel North aud South for All time TO come
I, and will complete What a fatal blinlnes,
| seems to have prevented former Legislature,
from perceiving, when il chartered thai
/. branch Of the Road which taps the State a
:, Charlotte. ask you, therefore, gentlemen
4 in yiew OF al these thiags. you are prepar
:, ed 10 gran; the charter lie asks: That al
!. these consequences wall Iivw trom il ii yol
IL 81 there cdaaoi be shadow Of doubt
y las Mn. iioyd's company right 10 demand
this charter: answer most unhesitatiagly
No. u .nr. Bggfs fiea.ts wW pag buck 4
:, The .Hhe me seCen mili0As uLica she ha
s. airta.ly incurred Of dbl, agia rsiisre her from
:. her contract for future responsibility, then
:. admit they would be il. a condition to de-
s. Hiat as a right, the eorpo.ate privilege
t.iey seek.
Every thinking man vii atonce perceive
Il thal 1t will require nothing short vi this 10 Il,
=. Now AK what hari,nips viii Il WORT
i ID refuse the charter sought by NJ. Bnyd
!. Mhy, il will deprive aJer citizen, Of one o.
tWo counties OF tne privilege Of having a RAJ
j Road at their door; when not one OF them /,
at this time, more than twenty or thirty milsi
from The facilities offered Is the y. {. Roat
!. Or the Danyilie. On lie roairarg, iftie etar
Il Ter i gruiief, gou no. oulg sink ne strtn q
! fea millions ~ doiiars ne Safs his inresisd
!, ani il 50aal Z, uirei, mil sakNe h, mil IN
children icih OUerichtiiciag fares jor an lin
70 como but YOU annihilate the mi.l.On
:, which thousands II 1ther citizens, good ant
:, true, have embarked jointly with the State
:. in her numerous projects, with the hope
: reasonably entertained, 81 some reRaneFat.O,
il the future.
/. III not AZ you. however, gentlemen, i
N rev this question Ill ans aspect il which !
my affect individual rights. wish ,ou L
!, pm il entirely On II only proper footing
simply a question 81 Stale policy. AM
IN this light, to ask Yourselves whether yoi
are prepared for the sacrifices. which Nj
BOYD asks az your hands, in granting
z, charter 10 the Greensb0roagh and DanFill
Rail Road Company.
Il J have The honor q b ypar most obclien
III servant. WI.
= NR. wEBsrER,s REPLY 10 i cHALLESGE
: Daasi Hs5sisr 70 JoLq Randi n Roqnoit.
NJ Washington. Aprl. 1916.