Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-10-17
60, 2s2, 716.66 $a,244,s27

m.,., 40 900 71e "a 20 Oh so7
A' a.,
Inc foregoing companies pay per cent ." '''
estimated vaiue. a, ..
VIII DC perceived from 'he ,aou,ar s'"'e,ne"'
that the actual Indebtedness ana haoiues Q, Tue
cate lot Internal Improvement CohPsh'cs anu tie
AgrcuHurai bureau w''' make 'he osa'e ,aoe ioI
the sum OF Twelve mlion e'ght hunureu ana h'.ysx
dollars ana s'x,y,six cents up 10 ,h's ume. anu u
al the internal improvement, companies Apply 'or
the aid OF the STATE wh'ch 'ney nave oeon autno,
ized 10 10 oy tne Var'ous acs VI Assembly winch
nave been passed 70 encourage woiks oi l".erpa,
Improvement, IL VIII SVEN ,'e o'a'e ueo' up " ho'
less than twenty minoI oohars;
Inc oonds OF the S'a'e "n'Gn nave ocen aiIeauy
issued 10 'ne various ih'erhal i"P'oVen'en' oo'Pu-
mes nave been ana are now se'hhe ~ inc money
market ~ runous rates VI u'seou,'i =" 'ac" At
lower rate oil discount than the oondS OIL some OF our
sister states, whose resources anu nna"ca' aoh.y
are not SUPERIOR equal 10 those Vi ie"nessee' 70
meet tne'r engagements. tennessee oonos arc ,s'
sued ana thrown into tne market w'lno"t any uen'
mite information Us 70 what amount Oh oohs can DC,
or will be issued under existing laws or as 10 wheth
er future legislatures WIZ ex'ehu the amount 10 oe
issued. The want oil th's Information on the part OF
those who are willing to invest their capital IN state
securities as 70 'ne amount OF oohus Una, can anu
wal oe .hlo". 'n.o .ne I ~ a"u 10
$1,000 VIZ as r, :. hoarad ,h., r. ,ha In.;s,"'
.enness , oonus Iaoa ,nat wy I.is;, a.
,:L IL CO.. "a, =: A. l.. .-...ll - -.
Mnuon .N. ot , u.sut " 49,; ~ asI
oa ~ a.. S. "',. IA, ; III ;.a.,
sog y, ,h. az, srd sa,a y, ,ha honds now !,
~ a. -" ~ 80 =, ho ,h,o,.n go !.
h.rs.ffsr Gr s.ie which will greatly relieve those
Interral Imnroyernent companes which now have
ther ho,ds bvno,bcc,ted and which are entitled IN
Ne Issuance Of bonds hereafter. would therefore
recommend that The boundary Of our nrosnective
nubl;c debt he well defined md that i, be reduced
70 The lowest limit consister 18th the interest and
credit Of the State. The ere, of the State can be
Sustained by the aid Of little timely and judcious
legislation in the manner already indicated 1t
would also add to the confidence and credit Of the
State if the Constitution was so amended as to n.
hb any future Legislature from the creation Of any
public debt beyond limited amount without first
submitting the proposition to the people for their
approval or rejection unless in some great emergen-
cy such as instruction, rebellion or invasion. A
proposition of this character at the present time to
amend the Constitution of the State, would be an
earnest indication to capitalists that the public mind
was healthy and sound in regard to State indebted
ness and its ultimate redemption; would secure the
people in the future against nprovident, ogrong
legislation, and the creation of heavy and excessive
State Indebtedness, without at least first obtaining
the peoples consent.
The total value of taxable property, according to
the best data that can now be Obtained will approx.
innate three hundred million dollars $500, 600 900
Total number of taxable polls, ls5,OOO
State tax on three hundred million dollars,
At ten cents on the dollar, 100000
State tax on one hundred and twepty-f
thousand polls, at twenty five cents, 1880
II will he oerceived that from these two sources