The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-11-20

ment OF railroad lines, and the projecting
of new lines of communication, the Cover
nor enters into detailed statement OF the
finances. On the 1st of October, 1868, the
debt was $l9,208, 945, inclusive of bonds
issued for internal improvements, amount
ine to nearly $4,O00,00G. The amount of
interest maturing upon said date was Sil2,-
lO4, which has been paid in cash. The IN
terest maturing upon subsequent dates du-
ring the present fiscal year ending Sep
TENDER 80, Sl,032.596. Expenses of State
government during the present fiscal year
are estimated at 1915, 23O, which added to
the interest falling due will leave 81 ,4O7,-
S26 to be provided for. To meet this the
treasurer will have s50,O34.S4 on hand,
leaving the remainder to be raised by taxa
ton. Stocks and bonds held by the state
amount to 1924 100. He recommends
that measures be taken to insure the pay
ment of the interest due the State from
these stocks and bonds. The value of pro-
perty in the State is estimated of $3.50, OOO,-
600. upon which IN ad Udlorem tax of one
per cent. would raise 81, 500,0 900. This, he
suggests, alone would pay the interest,"
which should be met promptly.
Internal improvements are strongly ad-
vocated, and the completion of the Will
mington, Charlotte and Rutherford road,
the Fayetteville and Western road, the
Chatham and Coalfeld road, the Tarboro'
and Williamson road, and the Western
North Carolina road, to which State aid has
been given, are advised as early as possible.
Immigration should be encouraged upon
a liberal scale, as the chief means by which
the resources of the State can be developed.
The Importance of system of common
schools and education of the masses is then
urged ut length, and the Governor de-
bouches into an elaborate argument upon
the protection Of labor, with due regard
to the rights of the capitalists. The aboll-
ton of the present stay law IS recon-
mended as unjust to the creditor, even as
Stunning that the unfortunate condition OF
the State would not make it harsh to the
debtor to compel him to meet his obllga-
tions. An immediate organization OF the
militia, based upon On expression of Wash
ington, that free people ought not only
to be armed, but disciplined, is strenuously
urged.
After recommending economy in public
expenditures, calling attention to the duties
and salaries of the public officers, and the
prosperous condition of the various public
institutions of the State, he congratulates
the Assembly upon the suppression of the
rebellion, the reconstruction Of the Union
upon the basis of suffrage for all, and the
election of Grant and Colfax to the office of
President and Vice-President of the United
States all Of which combine to render the
Union indissoluble and perpetual. He con-
cludes as follows:
"Ihis Government is in the hands Of its
friends, and will be administered By them.
The Government of North Carolina is in the
hands of its friends and of the friends of
the National Government, and will be adj
ministered by them. 1t should not be our
aim to use it for oppression to any, but for
the protection and benefit of all. Its very
safety, without reference to the Importance
of maintaining and carrying out in good
faith the great principles on which it is
founded, absolutely requires thatit friends
should continue to administer its affairs.
In no other way can harmony be main
tanned in those relations between the ma
tional and State governments sundcred for
time by rebellion, but now happily re-
etorad -