New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-11-28
MESSAGE OF THE GOVERNOR OF
NORTH CAROLINA.

III. ExeeIency, John w. Ellis, Governor Of North
Carolina sent in his Annual Message 70 the Legislature
o. tie 2oth init The State be declares IL In con-
Onion Of unsxpled prosperity, which he attributes
10 the systeFn Of internal improvements which have
been pur.ed and foeered for the last ten years under
the care OF the Government. The assessed value OF
nal estate ia North Carolina in 1915 80 59l 3d.
IN 1896 this value bad actually decreased, and in 1850
thirty five wears later it had only increased to s50-
600 OO0 But in 1860 it reaches SIPS, 100000, or No-
400 600 more than 1850 This result the Governor be-
Esyes cones sOley from the internal improvements
which enIy hairiy commenced in 1850.
Tie Public debt of the State Is g. 100 sos. To this Is
70 b. added ~ 699 900 for which the public faith Il
deed to certain railroads. OF this latter sum, about
81 800 900 viii be required within two years The eX-
yeuditures OF the TWO next years are estimated at
s28 76 70 meet which the estimate Of receipts IL
81 TO 425 90 Ii ls therefore evident not only that
there need b no increase Of taxes but that they may
le reduced The statement however, IL predicated on
u. eurtritpn ths the Sinking Fund will be charged
with the pnent Of 4l7eOO0 Of the public debt falling
Sps befo,e Oetober 1863, which the Governor recon-
Bends-
To meet tn principal Of her liabilities the State has,
IN stock. and bonds Of various railroads, A. and u
Canal. and Sinking Fund.- $7,663, lao. The SINKING
Fnnd from which the public debt ls 10 be pald, ana
L;cb u made I'D Of dividends Of stock owned by the
Not and sny aceruing balances, Row amounts 70
sp7 o1o and for the last two years has received
sne SO After this year the Governor estimates ths'
he annual addition this fund will be not less than
;Ilion Of dosrs, 10 from railroad dyidends lie
relic, upon tIs roads being profitable because having
A.n bult BIZ jave-lebor their cost IL very much less
TIA Nortls.r1 roacs-
Tn. pre,eul school system Of Eorth Carolina was
established IA 1870 and the amount distributed to the
.As,al eouralss 70 sustain il has BEEN for the last
two YEAR. slS0 $50 o. annually. The number Of col
ls,.s and schools hss increased since 1910 from ~ to
A 9aa and tbe number Of scholsrs from 1861 to
III 400.
.Rxcell.,,v d scus.ss 1T length the question upon
I., r,,oe;rl taxes should be imposed, and whether
s,e shoah b. any discrimination nfavor OF or ag'ft
sny particular class Of persons or species Of properly
TIE subject y m importance AZ regards the slave PoPu'
L,,n and tn. Governor SUCCESS that the taxation
mo-. this speeis Of property should not be increased
A. The tendency is 70 drive il out Of the state ana 70
S.p,;ve il Of it, most fruitful source OF industry
About op.-sixth Of the Message only is devoted 70
FEDERAL relalols After the usuai reference !" BIC
t,ssIi aJdrsss of the Father Of his Country his
Y,eseprS r,pounts the wrongs which the South con-
4 tive, sb, his suffered from the North. Inc com
,lsn, ders in no degree from tha, which 10 constantly
thought forward by Southern newspapers ann ora''
aud res,s On % better foundation he -
that Convention Of the Southern States snS D' "'1
70 eonsader tbs present condition Of things 0' ND's
Aisyustissbs, thst delegates oe Seu' ~ 'H' N'-~'