Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1856-12-17
GBe Stanaar1.
Treasurer's Report.

Treasurer's Report.
We have before us the Report of Mr.. Courts,
Treasurer of the State of North Carolina, showing
the receipts into and the disbursements from the
public treasury for the two last fiscal years, from
S1st October 1854, to November 1, 1856; from
which gather the following:
The receipts into the public fund for the fiscal
year 1855, were s2,452, 1877 80; and the disburse-
ments from that fund during the same period, were
$2,323,97S 81.
The receipts into the public fund for the fiscal year
1885, were $l,373975 81; and the disbursements
from that fund during the period were 81 1885,
959 4O
The receipts into the literary fund for the fiscal
year 1855, were $l46753 35 ; and the disbursements
from that fund during the same PERIOD were $202,-
$50 so.
The receipts into the literary fund for the fiscal
year 1856, were $1S3, ,073; and the disbursements
from that fund during the period were $685..
976 90.
On the first day of November, 1856, the treasurer
had in hand as balance of the public fund subject
to draft and use the sum of $256, ,456 %.
o. The affairs of the office have been managed by
Mr. Treasurer Courts with signal ability and skill
and no more diligent faithful officer could he
found.
We make the following extracts from his Report
Having furnished his Exceency, Governor
Bragg with al the information from this Office that
is calculated shed light upon the amount that will
probably be received into the public fund for the
two fiscal years commencing the lst inst. and the
probable demands upon it, all of which will be pre-
senicd YOU in his message it is unnecessary that
shond add anything upon that subject. From
tis it will be seen that some legislation is necessary
in der to increase the receipts into the treasury
the amount Of this increase will depend much upon
what may be expected from certain internal improve
ments in the State, and especially from the North
| Carolina Railroad Company.
do not suppose that it is necessary for me to
1 say anything to the General Assembly of North
Carolina upon the Importance of providing the ne
cessary means to meet at all times the obligations
of the State.
But will take this occasion to say, that having
been for several years connected with the finances
of the State, and charged with the responsibility of
meeting from time to time, the demands against her,
l suppose my opportunities have been good as
those of any other person. for collecting the senti-
ments of our people upon the subject OF our State
credit and the degree of importance which they
attach to the necessity of upholdng it; and think
l do not pay them an undeserved compliment,
when give it my opiniou that the great body of
them would either readily forego for season, the
Il supposed benefits of any proposed public improve
ment or would quietly submit any additional taxa
ton that should be found requisite, rather than that
the credit of the State should receive the slightest
j tarnish from noncompliance with her contracts.
4 Perhaps in no State is the ennobng sentiment of
Fl State pride generally felt, warmly
II cherished than in North Carolina; and one who
loves the State, would wish to see this feeling di-
minished. will remark further, in this connection,
that while it is not my province, and therefore not
III nv purpose, to express opinion upon the pOlcy
that has been may hereafter be pursued in rela-
ton to the internal improvements of the State, l
81 hazard the opinion that our system thus far what
ever may have been its bunders in particular cases,
has in the main greatly redounded to the prosperity
offh fhoS thpSo in,nrO
chiefly built up by the aid eff the State, by giving
81 her pledges, l have doubt that her faith and
honor hitherto unsoiled, will still be preserved by
1 the prompt redemption of these pledges.
Sl 1t will be seen that have since my last report,
completed the issue of State bonds .hat requr-
ed to be sold under the act of january 9th, 1S49,
for the improvement of the Ncuse and Tar rivers,
and for the building railroad from CASTOR to Wei
don, amounting in all to $l52, 900; and have al
issued under act of the last Legislature fifteen
bonds of $1,000 each, for the further improvement
of the navigation of Tar river stated to the last
Legislature that had sold bonds to the amount Of
$l,63O0OO for the North Carolina Railroad. Since
that have sold 1870 900, making two millions as
required by the act Of January 10th, lS49. have
& also under act of the last Legislature sold for
the same road, $lOOO0oO, making in all three mil
lions of dollars for that road. Under an act of the
last Legislature advertised the sale of ten bonds of
$1,000 each, for the construction Of the paukroad
from Fayetteville to Warsaw; but four of them,
however, only were bid off. have paid out for the
road, as will been seen, $4,000; SO that six more
bonds remain to be sold, and the proceeds held in
the treasury. The following bonds have also been
Sold under acts of the last Legislature to-wt: $59,-
600 for the Insane Asylum, $685., 900 for Atlantic
and Nortll.Caarolna Railroad, and 100000 for the
Western NorthCarolina Railroad. 1t is proper to
remark, however that $33 600 these sold for the
Atlantic and Norh-Carolina Railroad, and the $780,.
OoO TOR the w estern North Carolina Railroad, have
been sold since the 1st instant and will therefore
Ei pear 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
IL the State.
q Since the last Legislature have endorsed bonds
ol the Deep River Navigation Company, to the
amount of 100000, and for the Chesapeake and
Soanoke s1o na Navigation Company, to the amount Of
H S2o,voo: 1t will be that have paid to the
P; Paak'n Navigation Company $5OOO and to the New
en xa" an navigation Company $4,000. No authority
was gwen to sell bonds for these improvements.