The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1860-11-28

mile to give the dividend. Like compari-
sons between roads similarly situated will
never fail, it is believed, to develop the
fact Of the superior cheapness Of slave labor
when employed in the construction OF rail-
roads.
Financially and socially this is an impor-
tant fact for us. 1t gives the assurance that
our railroad investments will prove dividend
paying stocks, and that the public debt, con
tracted for the construction of these works,
will be finally liquidated thereby. | have an
abiding conviction that many OF the present
generation will live to see the public debt
paid off by receipts from railroads, and the
roads themselves left unencumbered, yield
ing a richer r. ,enue to the State than has
heretofore been collected by taxation, and
superseding. entirely, the necessity for taxa
tion.
The fact is an important one too, in So
cial point of view, as it teaches US that there
is proper division Of labor, which, if wise
4 ly observed, will avoid all possible conflict
of interests, and enure to the advantage of
all. This division consists in the employ
ment of slave-labor, where physical force,
rather than an exercise of the mental facul-
ties is required, and the assignment Of that
field Of labor, demanding Tie employment
Of skill and educated reasoning faculties, in
its profitable pursuit, to the white race,
where these qualities are mainly, and almost
exclusively to be found.
The marshalling Of labor upon this princi.
pie, is dictated, it is believed, BY sound
public policy, as tending TO the develop
ment OF that variety Of industrial employ
ment, and the perfection Of that mechanical
and manufacturing skill, that 20 to make up
the power of State and to that harmony
Of interests, SO necessary to every well o.
ganized society.
RAILROADS.
The State having embarked largely in
works Of internal Improvements, their con-
dition and prospects will furnish, doubtless,
an interesting subject Of your deliberations.
By virtue Of an act Of the Legislature, at
its last Session, the Cape Fear and Deep
River Navigation Works were purchased for
the State by the Governor, at a safe directed
by the first mortgage creditors, for the sum
OF s365, 900. No purchase money was paid
beyond that on debts Of prior lien TO those
for which the State was responsible, and
which were secured by a second mortgage.
The amount thus paid, is s54,7S0 81, and
the amount secured by second mortgage to
the State, is $500, 900, upon which SIS, ,5S5
of interest was due at the time OF the sale.
Soon offer the sale, the entire works and
property of the Company were transferred TO
! the State, and have been since managed by
commission, as directed BY the Act. Many
useful repairs have been made under the
direction Of this commission, and the river
+ 4 &. s,,s
mum depth of five feet water, trom faye;te-
! Vile to the Gulf, in the midst of tue Coal
fields, distanck Of 81 miles. The n1yiga-
tion is temporarily suspended consequence
J Of an accident occasioned by recent fresh
ct, TO which these works Will be more Or les
I liable, until substantially rebuilt. 4 repor
from the Commission, giving a detailed a.
, count of their operations, will be laid b.iur,
YOU at an early day. for which occasion
will reserve such suggestions relative {,
this improvement as may deem necessar,
to its maintenance.
By the provisions Of an Act nf 1885,. ihe
Public Treasurer was required 10 lrl,ser u
the Albemarle and Chesapeak Caaal Com.
pany SI00,OO0 in the bonds ni thr SAT-. up
! on tie opening Of their work ur naNi.atiun
u
, tion Of that improvement Throughout its en.
tire length, and found that j, afforded fan
! navigation for the class Of vessels eagiged ia
our inland commerce, winch fact being iul,
certified 10 the Treasurer by tile Board nl
Internal improvements, the b1a'ls ~ ihr
State, 70 the amount named. were delivered
to the Company. THIS Canal, when laliy
completed will give depth Of cigllt fee water
throughout, and uniform width al 6j feet.
and is destined to exert an iapuftant IN
, fuence upon the commerce OF very pr1-
ductiye section Of the State. fattlier f.trr.
ence will be made 10 il before sulr session
terminates.
The Fayetteville and Western Railroad
Is now completed. as am informed. IL thy
+ coal fields in Chatham county. A eaInec.
tion between that and the North Carolina
Railroad is much to be desired. aud respect.
fully recommend the subject TO your iayura
bic consideration.
Il The Wilmington, ChWlotte ani Rather.
ford Railroad il progressing Satisfactorily 10.
wards completion. aud promises advantage.
10 tho public fully commensurate with the
gigantic character Of the undertaking. Tue
many difficulties already overcome by the
Company having IL in charge, ailard the high.
est evidences Of the energy aud enterprise
Of the people residing IN the section ol
I country through which Il passes. and Of the
capabilities Of that portion 81 our state
The eastern division 81 The rad has been
completed frum point near Wilmington g
the distance Of IS miles, aud the western di.
vision, from Charlotte, a distance 0f2j miles.
The greater part Of the remaining portion Of
the work is under contract aud well advanced
am informed that the Company will pro.
bably ask further loan from the State. Il
enable them 10 complete their work and al
things considered, such request will present
high claims upon your favorable c'nsilera.
tinn.
II will Be recollected that the terms upoi
which the patronage Of The State has been ex