Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-11-08
xU,,,,t,aton md Manchester Railroad.


the victims of our indifference.
Whining ton a nd Manchester Railroad.
We published last week the proposition
made by President DRANE to English CAPT
talists to borrow million of dollars, agree
ing to take a certain portion of the loan IN
Confederate Cotton Bonds at twenty five
cents In the one hundred. Since then we
see that the proposition is creating some
interest and inquiry in the moneyed circles
of England. The London Cosmopolitan of
October I'd, has the following interesting
item in regard to the matter:
We briefly called attention last week to the pro-
position for English loan put forth by the North
Carolina, Wilmington and Manchester kaIlroad
The novelty of the proposition cOnss'S III the laCI
| that General Drane, the President of The Com,
pany, who issues his proposal through the wen
known firm of Messrs K. Benson Co, agrees to
take certain portion of the loan in Confederate
Cotton Bonds at 25 ceuts i'll the 100. As THESE
bonds are nearly all held in England, and as they
have been quoted as low as TO per cent, we
are not surprised to learn that General Drane mas
received over five hundred letters soliciting par
ticuar information in regard to the cOndlton ana
prospects of the railway company now IN the mar
ket for a sum of 600 GOO. With continued peace
in Europe and the inevitable triumph OF the Con
servatives in America in the coming PresldentlaI
election, we believe that within twelve months
European capital, stagnant III heaps, VIII De
begging for Southern Investment.
We trust before this that President
DRANE has been successful. The security
offered is most ample The present in
come of the road and the prospective III
crease with good crops and settled Sys-
tenn of labor, are ample to Justify the
highest expectatit MS for the future Of this
great work.
The Cosmopolitan discloses a fact which
we have often urged. The unsettled con-
dition of the country produced by Radical
successes and legislation, is keeping from
our borders foreign industry and capital.
Money is in such abundance III England
that the Bank of England has reduced its
rates to two per centum, and 1t is thought
there will be still greater reduction. Cap
italists, however, prefer it to 6 stagnate in
heaps )" within the safe Golfers of the Bank
than invest it where it may be seized by
an irresponsible military officer, Or taxed
by ignorant and penniless negroes. The
& inevitable triumph of the Conservatives
in America has been inaugurated, and
with their complete success, we, too, look
for European capital begging Tor Southern
investments and European immigrants
seeking Southern homes.
Freedmen's Bureau.
General HOWARD seems determined to
anticipate the condemnation of the costly,
unnecessary and Ubiquitous institution over
which he has presided with little reputation
to himself and of great disadvantage to the
country. He recommends in report re-
Gently made to the Secretary of War that
the Freedmen's Bureau be discontinued, as
a separate institution, i'll July next, when
the law expires. We venture the assertion
that whether it is permitted to expire by
limitation or not, that the next Congress
will starve it to death, as we'll as the mill
tary governments established in the South.
Both have been used for the most part as
great political machines, and with the dc
feat of Radicalism they will be no longer
useful With or without the Senate, let
the House of Representatives again come
under the control of patriots-men who
have regard for the Constitution and their
oaths of Office, and we will see an early
withdrawal of military and bureau officials,
for patriotism will ooze out i'll the absence
of the paymaster
Since the result of the elections possibly
General HOWARD may be induced to name
an earlier day for the demise of this e1
pensive electioneering institution. 1t will
be useless to spend the money of the peo-
pie by the millions to make negroes good
Radicals when the edict has gone forth
that they are not to be enfranchised. We
feel sorry for meritorious officers who may
be thrown out of a good job, but then
" Republics are ungrateful.
Instructions to Boards of Registration.
General CANDY has issued lengthy cir
cular order, for copy of which we are
under obligations to Colonel FRANK, re-
vising the decisions of the Boards of Regis
tration, as to the sufficiency and INSULT
cheney of the grounds Of challenges alleged
in the registration lists. Its great length
precludes its publication in full, nor is it
of much general interest
Among the grounds held sufficient to
authorize rejection, are those who held the
following positions before the war, and
afterward engaged therein, viz Sheriffs.
Members of Secession Conventions, Mill
tia Officers, who have held command in
the execution of patrol laws, Coroners,
Constables, Postmasters, Clerks Of District
Courts, Acting Constables, Magistrates,
Tax Collectors, Commissioners of Public
Schools, County Assessors, County Trustees,
Wardens of the County, Clerks and Masters.
Persons who held the following offices
before the war are not disfrancbised, to
wit: Deputy Marshals, Assistant or De-
putty Postmasters, Notaries Public, Clerks of
State Senate, Surveyors, City Registers, Aids
on Governors Staff, Wardens of the Poor,
Town Commissioners, Deputy Sheritfs, At
torneys, Overseers of the Poor, Roadmas-
tiers.
The order goes on to state what is con-