Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1859-01-28
THE WILMINGTON. JOURNAL.
WILMINGTON, n. c.. MONDAY, JAN. "a. 1885,

After an absence of two days from editorial duties
we are again at work A trip from Wilmington to
RALEIGH Is wholly devoid of interest in these Railroad
avs be only appearance Of excitement being at Gods
~ the arrival of the cars The efforts of heservans
of the rival houses there to secure CUSTOM of
some annoyance, but more amusement Both houses
are welkept and convenient We stopped going up at
the Nixon House. recently re-opened by Mr. Baker,
and got good breakfast as any one could ask Tor OF
desire. Coming down, we took dinner at the Girls
void House," and found things all right By the way,
aiend was so kind to drive around, and explain
the bearings and geography Of the town, which is deci-
dedly more of place in every way than we had pre-
viously supposed. If there were any symptoms of
galoping consumption y with our sister town. we
failed to discover them.
AT Raleigh you meet people from all parts of the
Subsequently, those whom you least expect to see
We were pleased to find our own representatives in good
health and spirits and steadily and faithfully attending to
their dutes also to meet any number of friends and
acquaintance from all parts of the State His excelency
Gov Ellis looks better than we have ever him. His
administration bids fair to be not only one Of the most
popular but one of the abest and most useful in the
history of the State
We feel the utmost confidence that the revenue law
will be finally modified so as to remove those features
which threatened to bear too heavily upon the interests
of our commercial towns Our reports show what has
already been done in this way We have no doubt that
all will be made as satisfactory as taxation ever can be-
The expenses of the State must be met and our people
do not wish to shirk their due share of any increase
which may be necessary for that purpose We eel some
satisfaction in believing that prompttude in calling
attention to the effect of some provisions OF the taxb
as reported was not wholly without fruits in the subse
quent action Of the House.
1t is due to the very able chairman of the Finance
Committee Mr.. Fries-to remark that it is generally
conceded that the Revenue Bill of the present session,
as reported by him. will probably be less changed in its
through the two houses than any previous rev.
enue bill and that even in the cases to which here
have demurre the provisions of the present BILL as re-
ported did not differ from those of the preceding one
save in being plain and free from ambiguity so that if
the Legislature chooses to affirm the tax it will do it in
language admitting but one Interpretation, Or if it
chooses to strike it out it will do Enthusiastically
The truth u.s. however, that the ad Ualorem principle OF
taxation is the proper onetaxes GA industry are wrong
in principle. IF A capital of ten thousand dol
lars and by industry and activity and the casting in Of
his own services to its employment makes larger IN
come on it than B. who has the amount OF capital
but lets it lie comparatively idle is that any reason that
A, who is more Industrious, and, therefore, more
valuable citizen should be taxed higher his capital
than B. who is the less 500 But this cannot be reached
at the present session. and Mr.. Fries bill introduces
good many valuable features We may refer hereafter
to the impediments in the way of the Introduction
the dd UaIorem system
His excelIency, the Governor has sent in message
accompanying Captain Wilkes report in which he takes
strong grounds in favor of both worksto the Coaelds
In this respect Gov Ellis has than redeemed hi
pledges during the canvass His Message and the report
of CAPTAIN Wilkes cannot fail to have considerable
amount of weight with the Legislature. The truth is
however, that some mode of arriving at and embodyns
the principle roughly Swallowed forth in the Journal O
Thursday last must bentroduced before Legislature
can be induced to go much farther for any works. espe
cially those having in view mainly the development
specific interests We know that the idea is startling
one We put it broadly so as to strike attention. L
may look inimca to the mining interest in this
to other interests in other cases, but it is not for
points out way in which, if the details be arranged
the State might safely be relied upon to assist in develop
ing otherwise dormant inaccessible sources of wealth
to the mutual benefit of the public and private interest
OF course we only pointed out Observation-Disclosures
principe-the mode and extent of its application
be matter for further and careful consideration Know
ing as we do the feeling getting up against public
works owing to various causes, but mainly to thel
failure to make any adequate return to the public
treasury we feel that concession must be made
by those who seek assistance the opposition to al
such applications will be found to be overwhelming ant
the applications themselves hopeless point has beer
reached and those who mark the signs of the times mus
feel that this is the case and that it is the part OF ru
friendship to the cause of Internal Improvements to
prepared to meet this position of affairs.
Another matter we may perhaps refer to-that of tn
banks of the State. It is very questionable indeed
whether any new banks can be created this session
to take the place of the Bank of the State whose char
ter is about to expire, does it appear though tn
Legislature and the Stockholders could agree upon
charter It to be the impression that the presen
charter of the Bank of the State will be extended 10
something like six years, with some amendments
most important being that subectng it to the same tax
alton applies the stock and dividends of other bank
Of the statewe believe this cannot be done under tn
existing provisions of its charter.
The chances for Mr.. -CaldwelEs Peoples Bank" ar
very slim indeed The proposed Bank of North Care
Ahia WIN capltal o Ro,UUUOUU, parent Bank at la
eigh branches all over the State seems to meet wit
difficulties and opposition SO that think the matte
will resolve itself into the extension of the charter of tn
old Bank of the State for limited time
We have neither time nor space to devote to any per
sonal or individual sketch of or reference to partcua
members Of either House. but we must say that the in
preston which our present General Assembly make
upon visitor is highly favorable 1t is that whic
might reasonably be supposed to be made by bodies