The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1869-11-20
alclucu4 4sa9aEsa,
SATURDAY. NOVEMBER 90, 1869.
Governor Eolden's Message.

The annual message OF the doNcihot
the Legislature Of North Carolina "''i'"
assembled in Raleigh on TUESDAY E's'' =
somewhat interesting. The amount OF Sta'e
debt on the 1st OF October, 1869, Is as ioi-
laws . Aute-war bonds, sS,3iS,2oo; post
war bonds. not special tax, SS,SS6,s SID
making SI7,215,0 45. The postwar bonus
are such as have been issued since the re-
bellion under funding acts, on such rs were
authorized by law before the rebellion.
This debt IL known rs the " old DEBT"
Then there are bonds issucdto railroad COM
NAMES to the amount Of S12, 6O0,CD when
make M n total bonded debt of SO, $50, 042.
To this may be added of bonds not issued
s. 2S0, 0G0. making total OF the pondea
debt and of bonds to be issued, OF S3f, oa5, 042.
The singular statement is made that the IN
fcycst on the special tax bondsis being PAID,
bnf not that on the old bonds. These favored
bonds arc the ones issued TO railroad com
NAMES and the payment ofthc interest upon
them was provided for by special taxation.
The Governor saws it will be necessary 10
fund the interest due upon the old bonds.
he soys that the State il able to pay the IN
tayest upon The whole debt. and scouts the
idea Of reputation whilst he also says that
The debt should not be increased, and he be-
licyes viii not ne. We quote:
"Thc debt is obligatory under both the
I'D and the new Constitution, ana IL mas
been sanctioned, and its payment VIII bc
sustained rs a sacred duty by me supreme
court of the State. Under the ConStltu-
n, n L.
which is the highest known to our ConStltu-
ton and laws, the whole property OF the
>tate is held to meet this debt, both new
md old. Let rs. then, meet il like men
aDd North CarolnianS. Let Us hear no
whisper even Of repudiation. Let every
citizen of the State resolve that nothln@
shall I've done and nothing omitted which
viii cast i doubt on our purpose 10 pay thiS
debit
Governor HOLDEN says system OF public
schools is nearly ready to go into operation.
lie warmly commendS it as well rs the
STATE University to the fostering care OF
the LEGISLATURE. "This time-honorcd III
,tttu;ion,' he SAYS, " should not, i'll any
..cvent, be neglected. Ouryoung men should
'.nc educated at home. TO provide for this
" in manner every way suitable and pro-
per should bc leading object with the
General Assembly"
The University really seems to be in II
sound pecuniary condition. The proceeds
Il the ~alc of the land scrip issued by the
General Government to the State yields IN
annual income of Sl5,24O TO the University.
This sum is appropriated to the department
al Agriculture and the Mechanic Arts. 1t
exceed. the entire annuity paid by the State
d.; Virginia to her University. The follow
IN. sentence is not clear, but seems TO indi-
..atc most unexpectedly prosperous condl-
tion of the fund OF the North Carolina Uni
ycr>ity:
The investment in state bonds has dou-
lied the fund, which is 50 much clear gain
10 The State and TO the cause OF learning"
II u.so appears from this message that the
,.core Of The Literary Fund of the State is
&9w larger than it ever was before.
The Governor seems to be friendly to III
extensive system Of railroads.
The message alludc> to the disturbed con-
ttiiou Of some Of the counties OF the State,
nd asks the Legislature 10 clothc the Go
vernon with power to call out "as many
substantial lrhitc citizens n may be ne
d coss:Iy in al emergency to enforce the
" law and to put down these midnight ma-
"raudcrs." He gives good reasons why
negroes should be called upon "only iii
certain localities"
The various public Institutions Of the
state are commended to the attention Of
Sic Legislature.
The Governor concludes his message with
, reference to national affairs. lie seems to
nc III favor of universal suffrage and uni
N"r>ll amnesty. Ilc says:
Let the nation show its power every
W here 10 maintain the laws, to punish those
vino may resist its authority, and TO sustain
the reconstructed States in securing to their |
citizens as thorough freedom and rs pro-
found peace and quiet as exist i'll other
states but let it at the same time exhibit |
tA1! ma gnanimity and mercy towards all
which, after nine years of conflict, and
Il lie, aud ilI-wiil. would so admirably |
race the flee>t, the proudeSt, and the |
.,rcatest people on the face Of the earth"