The weekly North-Carolina standard. [volume] (Raleigh, N.C.) 186?-1869, 1868-11-25
Message Of the Governor.
EXECUTIVE DEPARTMENT.
'l RALEIGH, November II, 1868.
, Houcra,le. the General Assem1lv

Istlotle HoncrG5le, the General assembly
Of North Carolina
GENTLEMEN 1t is proper that at your
first regular session under the new Constitu-
! ton, should lay before you Information
of the affairs of the State" and recommend
| to your consideration such measures as may
| be deemed expedient. .ssst
The people of the State have reconstructed
their government on the basis of the equal
! rights of all. The State is quiet and tram
| quill. There is no ground for apprehending
that secession will again he attempted, or
that the peace of the country will be dis
| turbed. rle ~ t I'D
| The year now closing has been 1ichly
crowned with harvests. The. seasons have
been propitious. A plentiful supply of bread
has been produced for our whole popula-
ton, SO that want in this respect will not be
felt during the coming year by any who
will labor for living. Fruits of all kinds
have been gathered in abundance. The
staples of cotton and tobacco are affording
fair profits to those who have produced
them, while from timber and naval stores
considerable portion of our people are real
izing good returns, as in former years. Our
commerce is increasing. Our mineral re-
sources are once more in process OF devel-
opmcnt. Our Railroads are recovering
from the depression under which they for
merly la5ored, and promising better returns
than heretofore to the State and to the Stock
holders while new lines of communication
are being laid out, destined to penetrate and
| develop the great natural resources of por-
| tions of the State heretofore untouched by
the hand of Improvement The State credit
has been re-established on solid basis, thus
| giving promise that at no distant day the
! bonds Of the State will command as much
/ in the market as those of the most favored
ard prosperous States.
We have great cause to be thankful to
Almighty God for the manifold blessings
which He is bestowing upon us; and we can
| confidently look. forward, under His pro-
lection and guidance, for condition of pros
perity and happiness which we have not
heretofore enjoyed. -.
STATE DEBT AND FINANCES.
The State debt and finances will doubt
less receive the thoughtful and careful con-
sidcration of the General Assembly.
The amount of the State debt on the 1st
of October, 1868, was nineteen million two
| hundred and nine thousand nine hundred
and forty five dollars. ($19,209,945.) This
| includes estimated amount of past due inter-
est to be funded under act of August 20,
! 1858, of two millions of dollars. $4,000
OOO) The above amount CS19.209,94 ,945) is
inclusive of bonds issued for internal i'm
provement purposes since May 20, 1861, and
prior to the year 1866 The amount of
these bonds is one million one hundred and
twenty weight thousand dollars. ($1 1923. .0OO,)
| and ha octimatod ,ptoroct fhoroo, dino opI
unpaid is one hundred and eighty thousand
five hundred and ten dollars ($1S0, ,510)
/ The amount of interest which has matur-
ed October 1st 1868, and been paid in cash,
is one hundred and twelve thousand one
hundred and one dollars ($112,101) The
interest maturing at subsequent dates dur
ing the present fiscal year is follows:
January 1st, 1862 three hundred and eight
| thousand one hundred and ninety seven dol
lars. (S30S,197 April 1st, 1869, three
hundred and four thousand one hundred
and one dollars. (s3O4,101) July 1st,
1869, three hundred and eight thousand one
hundred and ninety-seven dollars. (S30S,-
1917 Total for fiscal year ending Septem-
| Der 80, 1869, one million thirty-twn thou
sand five hundred and ninety-six dollars.
| ($1 ,032 ,596) The amount of interest above
stated as falling due April 1st. 1859. includes
interest on bonds four millions five hundred
Thousand dollars, (s4.5OO, ,OOO) yet to be is
sued, bearing date October 1st, 1868.
The balance remaining in she hands of
the Public Treasurer October 1st, 1868, was
one hundred and fifty thousand thirty four
dollars eighty-four cents. ($150.034 S4)
The amount from taxes including payments
in October, is two hundred and twenty-six
thousand seven hundred and six dollars
forty two cents. (sss6,70642) The tax
es from several counties remain unpaid, but
we cannot expect more than seventy five
thousand dollars (S75, ,0O0) from this source
The estimated probable expenses of the
State government during the present fiscal
yeai will be, three hundred and seventy-fiye
thousand two hundred and thirty dollars
| ($375, ,230) Add interest falling due during
fiscal year, of one million thirty two thousand
five hundred and ninety-six dollars, ($1 ,O32,-
59G,) will leave the amount to be provided for
one million tour hundred and seven thousand
eight hundred aud twcnty-sx dollars.
| CS1, ,407 ,826) To meet this the Treasurer
will have fifty thousand thirty-four dollars
and eighty-four cents, CS50,034 S4,) after
paving one hundred thousand dollars $780,
000,) temporary loan; taxes received since
/ October 1st, 1868, ninety five thousand one
hundred and ninety-siy dollars and thirty
seven cents, ($95, 1856 37;) estimated taxes
due, seventy five thousand dollars ($75 ,OOO,)
proceeds OF sale of North Carolina Rail Road
bonds, one hundred and seventeen thousand
six hundred dollars; ($117,600) making
total of three hundred and t!iirty-sevcn
thousand eight hundred and thrty-on dol
lars and twenty-one cents; ($337.S31 2l.)
l Leaving the amount of one million and sixty
nine thousand nine hundred and ninety four
dollars and scventy-nine cents, (*1 1.069,-
994 79.) to be provided for by taxation du-
ring the present fiscal year.
The stocks and bonds held by the State
in corporations, and interest due from said
corporations, is as follows: Stocks. eight
/ million five hundred and thirty four tlous-
and five hundred dollars, ($S.5S4, ,50O.) )
Bonds, four million two hundred and thirty
four thousand dollars, (s4.234, ,OOO) Inter
est, four hundred and seyenty-two thousand
five hundred dollars, (S472,50O) Making a
! total of thirteen million two hundred and
forty-one thousand dollars, (s13.2410OO.)
recommend that some mode he provided
to ensure the payment of this interest, and
OF such interest as may be due the State in
future from corporations. +.
The report of the Public Treasurer will
contain full details of the public debt, with
recommendations as to the best means for
! providing for interest. 1 have full conf
dence in that officer, and respectfully com
mend his statements and views to the con-
sideration of the General Assembly.
The estimated value of all the property
in the State, lands and their improvements