The western Democrat. [volume] (Charlotte, N.C.) 1852-1870, 1858-08-31
INTERESTING STATISTICS OF N. C.
From the Wilmington HcrcEd.


ESQ.,, of Raleigh, to the subscribers Of the North
Carolina Statst, the following statistical inforlna-
tion which will be found interesting to all:
From the statement showing the amount OF the
funded and unfunGed debt of the Staten what
account contracted-when due-the annual inter
est thereon, and when and where payable, to July
Ist, 1858 we find the amount of registered bonds to
be 1920 ,00O amount Of Coupon bonds s., 494 800;
total funded debt IS, $685. total annual interest
S420,9303O Bonds endorsed under the acts Of
9th January 1919, for the Wilmington and Raj
eigh r. r Co. $3.50, 900; do. under the act of 10th
July, 1855, for the Cape Fear and Deep River
Navigation Co 100000. Total endorsements
S55O,OOO. One-ffth (s50,000) Of the bonds en-
dorsed for the Wilmington and Raleigh Il. r., is
due 1st january, 1859; one-ffth LIST Jan'y, 1861,
onc-ffth LIST Jan'y, 1862, and the remainder LIST
January, 1868. Interest payable in New York LIST
January and 1st July. One-third Of the bonds
endorsed for the Cape Fear and Deep River Navl-
cation Company, is due the lst Of January, 1868;
one-third the 1st Jan'ry 1875, and the remaining
third LIST Jan'y, 1885. Interest thereon, payable
in the city Of New York, on the first Mondays in
january and July.
In the foregoing endorsements" says the edi-
tor the State is protected by mortgages, and un-
til the fiscal year ending 31st October, 1857, had
paid nothing on account thereof The Cape Fear
and Deep River Navigation Company having failed
to pay the last years interests due on bonds en-
dorsed the Public Treasurer had to meet the same;
and it is highly probable that that officer will have
TO provide for the payment of the principal or, at
least the first instalment of 100000, due in
Jan'y, 1868. The friends Of this Improvement,
however, arc sanguinc that soon the navlga-
ton to the Coafclds is even partially opened the
Company Will be able to meet promptly all It's la
bties The State has paid nothing on account
of the Wilmington and Weldon Railroad Company;
and from the punctuality with which the interest
OH the bonds has been met, and from the pros
porous condition of that Company, it is believed
that they viii make ample prov siUns for the pay
mcnt of the principal as it falls due
Besides the above funded debt Of the State, the
Treasury is also indebted to the various Banks for
sums borrowed at various times to meet pressing
cxigencics, to the amount Of about 100000. 1t
is anticipated that these loans will be paid off as
soon is tie sheriffs settle with the Comptroller.
The payment Of this debt will leave about onc-half
u TIE receipts Of the public fund (say S3OO.0OO)
to be applied to the payment Of the interest Of the
State Debt, and the current demands upon the
Treasury. The Reports of the Treasurer and
Comptroller prove that ''if the Treasury was re-
leased of the floating debt by having its payment
provided for, or by having it funded, the receipts
into the public fund would be amply sufficient to
meet the current interest and charges against it.
Other provisions will have to be made to pay the
principal of the State debt falling due in 1889 and
1860. Much stress is laid upon the Importance OF
the prompt payment Of those bonds, which, it is
thought, must have much weight in the Legislation
ct the next General Assembly. We quote the
following from the pamphlet:
sit is impossible to calculate with any degree Of
accuracy, or to make any reiab!c estimates Of the
probable amount of the prospective debt Of the
State, depending as it does upon contingencies;
which may or may not happen for a considerable
period. The public faith is pledged for the com
}lction of the Western North Carolina Rail Road,
provided onc-thir of the amount necessary there
for, is subscribed and paid i'll by individuals
This Company WAS incorporated in February, 1870,
and as yet, the State has been called on for but
$4,000. The first division of the read, from
Salisbury to Norganton, must be completed,
equipped aud in full operation, before the State
can tc called upon for any further subscription.
he faith Of the State is likewise pledged to endorse
the bonds of the " Wilmington, Charlotte ard Ruth
eriord Railroad Company for the sum of $500 0O0,
upon the completion of every section Of twenty-five
miles. In communication addressed by the Pres
ident Of that Road to the Public Treasurer during
the last General Assembly, he says: "Our purpose
is prepare the entire bed if possible before
We commence laying the track, so that we shall be
enabled to finish our road to the cotton country,
before the interest upon our first bonds shall be-
come due, &c &c. and that necessarily no bonds
will he called for before the meeting Of the next
Legislature, nor probably in sometime hereafter"
The prices commanded by n. G. State Bonds, in
the New York market, from June, 1856, to May,
1858, have averaged from 81 to So; since May
last, the prices have advanced to 81 or 974. This,
compared with the sales of Bonds of other States,
is very satisfactory exhibit. During the severe
financial crisis Of October last, at no time were
North Carolina Bonds quoted below 20
The total amount of receipts into the public
treasury Con account of the Public FUND.- from
October 3lst, 1880, to 30th September 1857, is
S9,Sl7, SS4.95. Total amount of Disbursements
for the same period 1856, 63264 The receipts
into the puLiic .tund are only shown; those into
the Literary and Internal Improvement funds be-
ing excluded from the statement.
The population of the State in 1850 including
blacks, was S69,O39. Number of taxable polls in
1857 WIS 2l5, 125.
According to the census of 1850, there were re-
siding in the other States of the Union 2S3,07
white and free colored persons who were born in
North Carolina. This is exclusive of the slave
POI ulation, the nativitics of that class not being
given.
Upon the same authority. there now 726, 45Q
persons living in slavc-holdng States who are ma
t;ves of non-slaveholding States, and 232112 per
sons living in non-slavehoding States who are
natives ofsaveholding States. There are 1866
397 persons of foreign birth in the non-slavehod-
ing States and 37S.2U5 in the slave-holding.
~ 80 ~ .l,o~