Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1858-12-08
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.osnectiye prosperity 81 the State aud ths partic-
Iocality to be affected by the work
m u' ,ilnded to the u. S. commission and expressed
his belief in favorable report II We would help 70
hs the great obstacle to the location the con-
re,usted national work ticnlt of Access sss
Tbe road proposed to be completed Was but 40 |
-,;es long IL miles were built and running or
sn and additional miles were graded Before the /
ndvidual stockholders had asked for any relief they
hnd subscribed the full sum Of $340 000 The bonds
&c nsnrivate companies, all knew, could not command
;ah rates whereas the bonds Of the State could
Tbe company therefore proposed merely an hange
af bonds with the State to an amount Of 100000
And Mr.. G. proceeded to state the terms on which
+he exchange was asked, and the safeguards thrown
oround the States Understanding that the en-
.;re works were to be mortgaged and secured by,
lien to the State, giving her power the first fail
rc of the company to meet the interest the prin
cpal, to seize upon and dispose of the works. 4ss
Mr. Gilmore, again, returned to the mineral wealth
Of the Deep river to show that the mines were near
or the ocean than any others the Atlantic slope
He showed ALSO that the article of coal alone could
furnish freight sufficient for all the railroads in the
State for years to come. He then proceeded to re-
these coalields by all parties who have had to con-
slider the matter. The importance of their develop
ment had been urged in the messages of all our gov
ernors of late years the subject had been canyassed
and urged by public men without number. as the
chief point in the development of the State The
they had expended $4,000 in the geological survey
of the State, sss1 - - i - -5.
He next touched upon the peculiarities of the
sources of revenue to the coalfelds road Unlike
all others, which had as it to beget trade of
freight and passengers, this road had it's freight now
waiting for the arrival of the There was moth
ing probematcal in its radethe article to be trans
ported there, and the markets of the world were
open to receive it. The roads in Pennsylvania,
built at several times the cost of this were paying
dividends of six per cent. on the like traffic, and he
asked why should there be any fear of this not pay
ing? ssz4zs sf,
Abiding to the aspect of national affairs-and to
the revulsions which had marked, periodically, the
history of the world-Mr G.. thought there was
wisdom in the forethought that would lead to de-
yeOpment of our resources of iron and coal
He concluded with stirring appeal to the men of
the west of the east of the north and of the centre
to remember that the men of his section had stood
by them all in their calls for adm their hour of
need They had never refused their support when
lust call had been made upon them but had uni
formly given their support. They believed they
were serving the best interests of the State and
were right in their course, and they returned home
TO their constituents and advocated these respective
claims, without hope of immediate beneft-wth no
view to uteror gain, save they would be affected
by the general prosperity Of the State. Now, he
called upon his friends from all sections-and it
not with his own feeble voice, but with the united
voice of Cumberland and Harnett-to give to this
measure a just and honest support All they asked
was stern Justice and the Senate should give them
nothing less He did not make this appeal in the
absence of facts. He courted the closest scrutiny
to the prospective resources of the road and to
the safety with which the State could aid them in
their enterprise. He appealed to the Senate, as it
had evnced warm desire to see the establishment
of national foundry in the State, to show by their
efforts they were really desrous of it by helping to
remove the barriers to it how could they ask the
government of the United States to attempt such a
work ? .s=--.ss. u. .zs4,... .s.a q. -s-e..
Mr. Mcdonald followed in support of the bill, re-
teratng the statements and facts used by Mr.. Gil
more. rssssa. u ~. Is - s.--5...-... - .
Mr. Dobson SAID his mind had been materially af-
fected by the arguments of Mr.. Gilmore, but he was
not prepared to vote upon the question He would
like to have time for reflection and examination, and
therefore moved that the bill be made the special
der for Tuesday next at II o'clock.
Mr. Leach also favored the postponement. If all
were true that was said by Mr.. Gilmore, it would
affect his vote. 1t might be supposed from his (Mr
Ls) course the other day that he intended to apply
the guotine to all measures of this character when
brought up. That was not the case, however. He
was for giving all fair hearing and fair chance
Mr. Cherry favored the postponement Though
not prepared to state what his course would be- he
might say he was favorably disposed towards tht
bill. He was an internal improvement man-one o
the original panel. sss-s,sgses s.s-zi e. So
Mr. Worth would allow full time to Senators. H,
and others who had examined the matter were salts
fed with it and he thought it would lose no friends
by examination. q X s,vz .zsk -. @a..s
Mr. Thomas urged the, friends of the bill to Civ,
gentlemen opposed to it time for examination.
Mr.. Gilmore had no earthly objection to the delay
He did not desire to push the bill z.s-.ze .e
Mr. Dobson's motion was then agreed to, maxim!
the bill the special order for Tuesday next at II O
clock. <s.s ssk 80. s,--ssszs
Mr. Houston introduced a bill to incorporate tn
Buckhorn Iron Company. Referred to the commit
tee corporations s..asszs,< r. - .gtz.rs -
On motion Of Mr.. Thomas, the bill relative to tn
system of free banking was ordered to be printed.
BILLS ON SECOND READING.
The bill to confer banking privileges on the North
Carolina Cenara Atlantic and Pacific Railroad com
pany, put on its second reading Ihe com
mtee on finance, to whom the bill had been refer
red, reported against its passage. s4..-.- "a
Mr.. Thomas moved its reference to the committe
on internal improvements that it might be conslo
cred in connection with the railroad bill to which
attached.
Mr.. Gorrell opposed the reference. -
Mr.. Thomas claimed the right to have the bill re
committed, reason had been assigned for 1t
rejection by the committee ..-.-... 5.
Mr.. Bledsoe was member of the committee re
ferred to, and he would state to the Senator tror
jackson that the cause of their not accompanyin
the report with was that the bill bore ther
on its face
Mr. Thomas Will the Senator from Wake Civ
me reason now? 1t used to be the practice
urge that measure applied to the other side of tn
Blue Ridge killed itself
Mr.. Bledsoe would not allow the Senator fror
jackson to put him in false position He (Mr b
was there to legslate for the whole people, an
would never allow sectional feelings to actuate hin
The Senator from jackson might be so influenced
he Clr. b. was not. When the Senator came
know him, as he OIr. b. thought he knew himsel
he would find hirl to be North Carolinian in the fu
sense of the term He thought the principle of tE
bill wrong, but would not oppose its recommitta
Mr. Thomas did not charge the Senator from w ak
with being actuated by sectional feelngs-that Sci