New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-11-23
cor. BRAGG S HESSAGT.

The frst subject which tho Governor II NoRTH
CsRoLISa takes W j. the condition o, the State
finances. The State debt, on the i3th OF December,
1876 stood at $,lj3 @. 81. Il has since been raised
BY .us.criptiors snd leans to railroads aud otherwise
to e 800 05. The State has Also been obliged 70 pay.
FOR two years past The ,teress the bcud~tc he
smount Of 100000 issued ty the Cape Fear AMI
Deep Rves Nayigat Company, snd Endorsed by tue
State. There are al-o sii 0s0 OF additional bonds TOR
Il benefit os railroads already Authorized b. law end
kely to be speedily called for There j. also float
ing debt, which has been gradually increasing till i
iss reached the amount Of 500 us. This debt has
become serious irccnvenierce, the Governor
says an Incubus the treasury, ard vii. 80 cor
,nue till somc permanent provision De made
FOR il. OF the bonded debt, sao0 900 fail due in
1852 ard sjOo, ot0 on the LIT otJanusry 1862 and, as
the Legislative sessions 10 North Carolus are oaly
bicupia provision must be made q; this session to
meet it. Add the floating debt, and tho sum Of
II G0O 600 must he provided. Howto raise this money
Is question. l, cannot, within 90 short time. be
IA sed BY taxation, without imposing burden that
would fall heavily on the people. Borrowing money
lust now ia rather ioult matter. The Safe credl.
tors will hardly be wiling to change oil their naured
bonds FOR ncw at ons date, though before the
crisis they would have jumped at the opportunity.
The only thing that occurs to the Governor is to au-
horze the issue Of quantity Of long dated coupon
borls whose ire redemption sha' g. the same time,
le secured by the provision Of ample sinking fund
arl then to sell them IN tie market for what they will
bring. The Governor thinks they may bring par.
Tie ordinary revenue Of the State independent Of
loans is and has been fol three years past Attic over
500 00O The assessment law, the Governor thinks,
operates very uuelually, aud requires amendment
snkng fund ought also 20 be provided adequate TO the
decharge of the whole State debt, Gs falls due. rs
tie Bank If North Carolirh las refused 10 accept an
extension Of its charter, the Governor ADVISES the
incorporation Of an institution t. take "a place.
lie does not favor, however, monopoly IN bankog.
He thinks two banks, 10 watch each othor, bet
ter and ssfr than alone. He seems INCLINED 'o
favor repeal u the usury laws, at east 80 Tar a. tue
banks are concerned The public works IN which the
State is interested stakeholder now in the course
# construction, are tie Atlantic and North Caoiua
Railroad, tho Wcstern North Carolina Railroad, the
Chesspeake aud Abemare Canal Company, and the
| Cane Fear aud Deep River Ma, Gation Conpary.
More haye paid dividends. while the State las been
OBLIGED IN pay interest Cor he cot. On the o,hor rail
/ road stocks held by the State the only dividends re-
J allied have been from the Raleigh and CASTOR.
The state has scarcely any organized militia, except
a few volunteer companies. The Governor ascribes
this Reorganization, in part 10 the fact that for the
present beggarly salary OF 5000 no Adiaant Genera
/ can be had competent to superinterd tie militia
He recommends an increase III Tho Adjutets salary,
and also some shorter and simpler means Of ouotins
general officers who fail to equip themselves aud OF
cl,cosirg others in their places.
I'll last Legislature turned over the support of The
State Iunatc Asylum 10 tie counties having patients
in T. But the counties don't pay NJ; and the Cover
nor objects to the remedy provided by the law viz,
deductne tie deficit from TIE conn'ys share of the
school money as only shifting the evil. The amount
distributed by the Literary Board for Common Schools
is shout $3.50, $50 per annunn.
On the subject of the boundary between North
Carolina end Virginia, which il is proposed TO nm
anew, tie Governor enters into some interesting
Historical details DR.. EmmOns, STATE C,eogis., has
submitted report on the agriculture Of tue Stale,
which / "a been printed
Tic Goycror transmits two sets of resolves from
the Satcs cf Maine AMI Now-iIampshire on the sub
eot Of Slavery. IIc has not thought tit to withhold
item n il belong. Ia the Legislature aud not 10 him,
to gay what hal be done With them. He thinks,
however, that they Of such chalacter "a not to
merit aiy notice from the Legislature. This il all the
Governor has to FAY the subject Of Slavery, as to
which lie initiate the discreet rlence of the GDytrnos
. Of Georgia aud Aikar,as.