The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-11-18
NORTH CAROLINA.

Message ef Governor characterization of
Stnte Finnnces--lnternai improvements
Immigration keeded--Free schools Ike.
luired.
RALEIGH, Nov. H. 1868.
There was quorum IN both Houses of the Legis-
lature to-day. Governor Holdens message was
read After congratulating the body upon the pros
porous season. the recovery OF the State from nan-
cia depression, tie re-es.ablishment Of railroad lines
and the projecting OF new llnes OF communication,
the Governor enters into detailed statement of
the finances. On the lst October, 1858, the debt
was sl9,2os,os5, inclusive OF bonds issu cd for
internal improvements. amounting TO nearly
s 81 ooo'ooo me amount Of interest maturing
been paid In cash. The interest maturing
upon subsequent dates during the present fiscal year.
ending September 80 81, 0s2 $685. Expenses OF State
government during the present fiscal year are es
tmated at 1915 $50, which. added 10 interest falling
due WIN leave sl407s26 to be provided for. TO meet
leaving the remainder to be raised by taxation.
stocks ana bonds held by the state amount 10
sl3,2fl, 100. lie recommends thar measures be
taSen 70 insure inc payment OF The interest due the
State from these Stocks and bonds The value OF
property IN the State Is estimated at c5o0Do,oUO
upon which an 40 rGlo,en tax OF one per cent would
raise s250o,00o. This, he suggests atone would pay
the interest, which should be met promptly.
internal nnproVoM ents ale strongly advocated and
the completion OF the Wilmington, Charlotte and
Rutherford road, the Fayetteville and Western
road. tne chatham and Coaliied road, the
North Carolina road 10 Which state AID has been
given, are advised Us carly az possible.
Immigration should be encouraged upon liberal
scale as tile chef means by which the OF
the State can be developed The Importance OF
system OF common schools and education or the
masses IS then urged at length, and the Governor
depouches into an elaborate argument upoa the pro-
tscion o. labor VITA due regard to tie rights Of
the capitalists The abolition OF tile present stay
laws il recommended as unjust TO the creditor,
even assuming that the unfortunate condition
OF the state would not make IL harsh 10 the debtor
u compei hiil 10 inset his oh gatiOns. IN lMlle-
diate organization II the militia, based upon al ex-
preston Of washington that free people ought not
only to be armed bat disciplined, ~ streIuogsy
urged.
After recommending economy in public expendi-
pubic Officers ana the prosperous condition OF the
various public Institutions OF the state, he con-
graduates the Assembly upon the suppression
OF the rebellion. the reconstruction OF The Union upon
the basis OF suffrage Tor ali, aud the election Of
Grant and Coiiax 10 the clccs OF President anu Vice
President OF the United states AL oi which combine
TO render the Union iadissouble and perpetual. lie
concludes as folloWs:--
This government is m the hands OF its friends and
Wh be administered by them. The government Of
Norm Carolina IS IA the hands OF lis friends anu OF
tle friends OF the national government, and WIN be
administered bY them. II should not be our aim W
use y Tor prosperity Or oppression TO any, but for
the projection and benefit OF all. rs very
SAFETY, without reference TO the Importance
OF maintaining and carrying out IN good ialtn The
great principles on which Il Is founded absolutely
requires that ~ friends should continue 20 admins
ter its affairs. In no other way can harmony be
maintained IN those relations between the national
ana state governments, sandeged ioi d time by
belion, bui now nADni.J restored.