The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1867-01-02
Ig# REMARKS Of
MR.. TURNER, OF ORANGE,

Mr.. TURNER, OF ORANGE
In the meeting Of the Stockholders Of the North Ca.
rolina Railroad Company, upon the resolution ask-
ing that the Stale have three and lhe Stockholders
six directors. AS the charter nov stands the Stale
has eight and the Stockholders four Directors,
Mr.. Turner said II needs MIR, Chair
nan, no apology for what am about 70 say, !
The remarks which have fallen from other
gentlemen will justify all that | shall say
IN reply. 4# s
When Sidney Smith, spoke at the great
Taunton reform meeting, ne said he knew y
laborer who. by Industry and economy, had
acquired hand some fortune, notwilhstand-
ing he had been, ali his Lille. subject. 10 yio-
lent pains in the stomach. He supposes
the laborer to call in a physician. who IN
stead of relieving the pain, expresses his
astonlshment that the patent should desire
to get clear of his pains, alter growing So
rich and prosperous with them. The patient
replies that his pains had not helped HIM
TO grow rich, but he was rich in despite of
them.
Now sir, I admit this corporation has
pains in the stomach. Every STOCKHOLDERS
feels It, and the State feels il too.
While | confess to the pain, will not
confess to the causes winch produce il, as
sssssd by my friend, Gen. Barringer, and
Others, who have addressed the meeting.
Now that we stand npon the verge Of bank-
ruptcy and ruin by reason OF our own in
difference, neglect aud bad management,
instead OF isclng the difficulty like men,
instead OF correcting our errors and abuses,
gentlemen are looking out for scape- goat,
and they have found him in The person Of
the State.
Instead Of attributing our pain in the
tribute il to. the failure Of the Stale TO CO
operate with the STOCKHOLDERS in the con-
duct Of the Road. appeal to the history
of the Road to contradict this untounded
assumption and assertion. Ii is nelther
generous nor Just to shield ourselves by
censuring The State.
la 1852 the Legislature gave you what
you now ask, to wit !: the control Of the
Road. At the first meeting of the Stock
holders after this liberal surrender on tie
part VI the State, you rejected IL Yoar re-
fused to take what you nov ask 70 be given
you. need not say favored it then, up
on what l thought to be sound principle.
Your reason, for rejecting II, need mol
give, for they were both political and per-
nici0us. Gentlemen nov deprecate tile sp'
pearance OF party lnfluenee in the conduct
Of the Company saffairs. and well they may,
The spirit Of party has Away shown ltseit
in the affairs Of the corporation, and il. al.
ways will, whether i be conducted by the
State or the Stockholders; unless We Car
somewhere find the power to change msn'i
mean appetltes and passions.
In iS4s, WHEN the Company was orgaL'
ized, Stockholders were to pay one million
and the State two millions. The State paid
money, the Stock hOlders did not. The,
paid 10 work ~ such liberal prices. a. I,
make the road cost one million more thar
the original estimate ! 50 We may say ths
large Stockholders WIN paid their subscrip
ton Of stock IN work, instead Of money
hold their stock without having paid dime
Cor il.
After paying the Stockholders such liI,,
eral prices for work, the State was caDrd
on for one million OF dollars more to CON.
plete the road. She willingly answers
ihe call and paid on, a third million. rhrt,
millions would have built the Road. but Il
cost four millions. The STOCKHOLDERS and
contractors COR work getting tbe ioultf
million in the way Of stock.
La other words, here was million given
in The way Of bounty-to those who would d
wors on the road.
In this the State Interference and influ,