Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1857-01-15
THE TAX ACT.
The following table shows the rates Of taxation
NORTH CAROLINA LEGISLATURE.

North Carolina legislators do business in the
right way. When Christmas comes, they (bi-ennially,
however) quietly 60 home, see the family, and, on
the 1st of January, so back forthwith to work.
We should pattern after them. They have return
to Raleigh, and are disposing Of the public busi-
ness industriously.
Inter ala, we notice that they have passed bills
to incorporate the North Carolina and New York
Steamship Company; to punish betting at Faro;
and to amend the act Incorporating the Trustees
of Davidson College, permitting them to remove
the institution to any otherpart in Mecklenburg-
perhaps. Charlotte. 4 bill has been introduced to
amend the Constitution so as to abolish the capi-
tation tax, except on negroes; also, bill to in
corporate the Bank of Lncolnton-capitll $780,
600; and the Bank of Salisbury-capital $780,
900; and bill to exempt freehold homestead,
of 81 900 value, from levy and sale. The condi-
ton of the Wilmington and Charlotte Railroad, is
represented thus: The entire length of the road
is to be oI0 miles, and under the present charter
the State has agreed to endorse its bonds for So,
l68, 900. No endorsement will be called for pri-
or to the meeting Of the next Legislature, as it is
intended to prepare the entire roadbed before
laying track. To enable stockholders to take con-
tracts and finish them with their hands, January
l, 1859 has been fixed as the time for completion
Of those already made between Lumbcrton md
the Pee Dee and from Charlotte West. From Lum-
berton east no contracts have been made, and that
portion of the road is not expected to be ready for
laying track prior to July l, 1859.
The following exhibit of the affairs of the State
College shows that, though on different scheme,
the old North State contributes as much annually
to her University rs does South Carolina. The
Salisbury Wafchman says: From the report Of
Hon. Charles Manly, Treasurer to the Board of
Trustees, we learn that the receipts from Nov 90,
1855, to Nov. 90, 1856, were S24,S11 30; and
the disbursements 1851 ,G5; balance in the
treasury, including previous years balance of ST.
III &C, Sl4,S91 25. The receipts for the year
have been: Bank dividends 1880; interest on
State and individual Bonds So, 124 II; Cash for
house and lots sold SAB; Cash from sales of es-
cheated property S6,O23 50. The available funds
and investments of the institution, exclusive of
cash on hand as above, are 1000 shares in the
Bank of the State, par value Sl00,00O N. C..
and Virginia bonds S25,oOO; individual bonds
S24,510; total $3.50, $40.
Income and Liabilities of the Sflte.-A statement
submitted by Mr.. Treasurer Courts in compliance
with resolution Of the Senate. The receipts in
to public fund from ordinary sources for fiscal
year ending Nov. l, 1857 are estimated at $751;
CTS As; and for the year ending Nov l, 1858 at
S402, ,4l9 81. The estimated disbursements are,
for '56-7 S45O,9l o. and for '57-S SAT-, ,O92 90.
Estimated deficit for '56-7 S63,237 Al; for 81
S74, G79 81.
Looking to the contingent MS well rs to the
certain liabilities of the State within the period
embraced in these estimates, prudent forecast
and jealous regard for our public credit iudu-
ces the Treasurer to recommend measures for in
creasing the annual receipts at least 100000.
In the estimate of receipts no dividend from the
N. c. Road is included. the amount of its divi-
dends being uncertain"