Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-12-13
THE WILMINGTON JOURNAL
WILMINGTON. n. c.,
FRIDAY. DECEFsBEH IS 1861
North Carolina Railroad.

North Carolina Railroad.
Some months since, upon the change OF
officers Of the North Carolina ka1roao'
followed by the inauguration Of the "new
,,ronoemant." bv which freight WAS to be
transported over the entire length OF the
Road instead Of coming to it and leaving 1t
1T Raleigh. q few papers took occasion to
attack its management anG predict It's rapid
decline. Political influences and party
favoritisro was more than limited at as the
only cause Of the election OF PRESIDENT
TrExEr, while Superintendent ANDERSON
vas denounced asincompGtent because the
passenger trains did not run to SUIT the
IDEAS or convenience of certain editors
From all these charges we attempted TO
,7ofand the officers Of the Road, not from
personal motives OF interest, and most as
snredlv not from party feeling Ii there
is one nol;tician in the State we have more
consistently differed from than the Hon.
Jos7ATT TURNER, the President OF the hoaa'
,zo ora not aware Of it, having admired
Nothing in his Iormer political history but
his uncompromising honesty and consls-
4anov To be sure, he never did like Hol-
den. and in this he has shown more saga
city than many citizens Of North Caroiina'
ourselves included. But we defended the
,oanagemeDt Of the Road because we
+houoht We saw in the very outset OF the
now administration tho evidences OF good
Indictment and certain success. we knew
and appreciated line necessities OF our State
Treasury. the increasing burden Of our
,,nblic debt and tie impoverished coDdI-
ton of our people. We knew that every
dav the accrued interest upon our bonds
remained unpaid, that the credit OF North
Carolina suffered, and honest and needy
creditors Of the State were deprived OF
their lust dues. We feel the necessity Of
the resumption Of the payment OF this IN
ferest, and we know too well how lily pre-
pared are the people to bear the taxation
necessary to do so.
Under the circumstances, the State
Investments in works Of internal improve
-.eut became OF paramount Importance,
and especially is the stock held III her
greatest work Of special interest III aiding
her to meet the demands upon her Treas
urv. We, therefore, were prepared to en-
dorse those officers of the North Carolina
railroad who we believed would add to
it's revenue and contribute to its economl-
cal MANAGEMENT. And when, by an unne-
cessarv hue and cry, raised by the friends
OF rival corporation, it seemed that pub
lie opinion was setting against the present
officers Of the Road, We asked that there
should be q suspension OF judgment until
the facts and figures demonstrated the
success or failure Of the present manage
1nent, and tie means they had adopted for
its welfare.
Much earlier than " had supposed, can
the officers challenge an inspection Of their
. labors. Much sooner than we thought pos
sible has their intelligent administration
had q marked effect upon the receipts and
expenditures Of the road. Sometime since
we published a full tabular statement OF
the operations for August and September,
which then showed q large increase, com
pared with the corresponding months OF
last wear. Under the estate News viii be
found very satisfactory abstract of the
receipts and expenditures for October. 1t
will be seen that IN one month there IS
an increase in the profits OF the road OF
more Ma2 t,rcuy-S8rca thousand dollars as
compared with October 1866. Doubtless
much of this increase is in consequence OF
the development of new business which
cheap and quick through tariffs have stimu-
lated, but we venture the assertion that
much the larger part is from the Inaugural
ton Of the 9 new arrangement for freight
and the economical management of the
road.
We congratulate the officers of this cor
poration upon their success thus far-we
congratulate the people OF North Carolina
upon these figures. Let the enterprise, en-
ergy, economy and intelligence which has
thus far characterized the present admins
tra1ion, continue, and the day is not dis
tant when her stock in the North Caroline
Q Railroad will pay quite half OF the interes
on the States entire debt Of thirteen and;
half millions Of dollars.
Radical Wrath.
The Radicals arc venting their impoten