Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-05-29


the circumstances, and full calculation OF all the
results and contingencies loses the name OF enter
prise and becomes mere adventure; in these days OF
feversh excitement get facilities for carrying sur
plus produce 10 market, it is somewhat surprising
and not little painful to meet with Numerous an
nouncements of the death of stock and the suferngs
of individuals in the very communities 10 carry Oh
whose surplus 30 many exertions are m1de and so
much capital and labor locked up in public improve
ments at the same time that throughout the coun-
try, the cost of living rises out of all proportion 10
the remuneration afforded 10 labor, rendering the
struggle for existence harder from year to year
Yet, painful as are these facts they unfortunate
" TOO apparent to be denied or doubted. Ihlngs
are run too much in dlrection-too much LABOR
and capital are distracted from o'her channels anu
directions and difficulty and embarrassment is mol an
accident but an inevitable and nseperable consequence
"A direct cident and this embarrassmentis not at all
less certain CT less pressing where the undue stimulus
comes fir NJ Stale aid instead OF having It's origin ex
clusiyely in private speculation Indeed, the probab-
tv is that i, is more certain and more aggravated
because works are done by States and public bodies
that would never otherwise have been done-certain-
" not in the same way or in the slme location Yet
the labor the real active ca ,ita is equally absorbed
quite as Ieavy debts are contracted, and quite az
heavy drafts are made upon The community. There
is hardly Stale in the Union that does not realize
this in works badly located, in lines unnecessarily
competing, waging war destructive to mutual in
teress, and not exhibiting any compensation IN
corresponding promotion of the general good
We have before US Railroad map of the United
States with which we have been amusing ourselves,
marking the projects and counter projec seeing
where one line has been started 10 defeat another,
and where two or three lines have been gotten up to
do business that might just as well have been done
bv oue Al least onehird, if not one-haf, OF all the
miles of railroad in the United States have been built
to hedge off some other lines, to guard against the
consequences of wrong moves IN the FIRST instance
MANY roads have been eleetiopeered through Legs-
latures That ought never to have touched them. We
have no system, but tumble Of lines whose mana
gers show their greatest tact and energy in working
against each other.
| PENNSYLVANIA groans under debt OF over forty
/ millions, and cannot get eight millions for The whole
main line Of her works, for The construction OF which
her great debt was mostly contracted, and after all
the debt of the State, the great works that devcioPe
her mineral resources and through which she direct
" communicates with the West, are the results OF
private en- erprse North Carorina has two lines 10
run through her, and perpendicular to her sea
board, al d. with debt Of millions incurred for this
through her mineral resources lie within
short distance of n"vigabIe river, undeVe'oped
and dolmant-quite likely to he grasped BIZ her
rivals as by hercejt.
We trust tlat we will not be SGT down as g old
fogies or opponents Of internal improvement, be-
provement Is never injured by attention TO bust
ness considerations, and proper squaring of ends to
means-of expenditures to results, while 1t eVIta
LIy thrown back by neglect OF such course. Works
have been rushed INTO with the apparent notion, that
investments of labor and capital in the form of par
alle bars of iron fastened down graded road bed,
were free from the conditions attending other invest
ments, and were bound do things and create money
| in some occult and uneXplalnable manner.
hcz-The military festival at Fayetteville, in honor
Of The Goth May, must have been delightfully."- So
cabIe and pleasant affair participated in by the three
Companies, and enjoyed by the community general.
ly.
The Lafayette Light Infantry, in citizen dress as
semhed at tile Fair Ground at 3 o'clock, a. NJ for
arge exercise, the prize being handsome and mas
sve Silver Goblet. presented by Lieut.. w. T. Mat.
thews The best average shot was made by private
w. A. Rose, p inches. Best single shot, by private
Geo. B. Atkins, inch.
At o'clock the battalion, -cOnsistng Of the Fay
ettevle Independtn nj Company, the Lafayette Light
Infantry, and the Fayetteville Cadets, was formed
: under the command of Major Draughon, and march
ed TO the Fayetteville Hall, where large assemblage
3 waited their arrival The Mecklenburg Declaration
was read by John W. Baker, Jr., Esq, and an ora
ton by T. C. Fuller, Esq
The Independent and the Lafayette Light Infantry
Companies then shot for handsome Silver Goblet,
presented by the latter Company The goblet was
won by Private A. Spence, of the Lafayette. The
Cadets shot for Silver Cup also presented by the
Lafayette Company The prize for the Cadets was
/, won by Private Albert Worth. The three Compa.
j MES, with number of invited guests, dned at the
Fayetteville Hotel, and had good time, and some
n harmless fun afterwards.
h No. We see in the Baltimore Sun the following
telsgraphic despatch:
8 Buffalo, May 1O-The wind has broken the ice
a in the ha1bor here and 100000 bushels of wheat
IS 900 bushels of corn, and 100000 bbls. Of flour
were rec 9Ved to-day"
An odd season, surely, when the breaking up Of
# ice in a harbor in the United States, is an item oil
o news, almost al the middle of May.
G1- The Charlotte Democrat of the 23d has very
full synopsis OF the points in DR.. Hawks address at
! Charlotte, which occupied over three hours in the
delivery We shall avail ourselves OF the acceptable
abors of our friend Yates who regret to see. is
laboring under severe indspositon.
From Washington.
h1. q l. I'D kl.kk IL.