Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-11-05
.,,rrespondence of the Raleigh Sentinel.
Tho Sale Of North Carolina,

;ry we have learned many things
Al Neiny NV late war. The blessings of 10y
snco ~ reconstruction are countless, not
sIty On nassing strange. Among them, the
to s"J method of disposing of the States
new and the peoples money is not the
prop remarkable. The very last limit of
l7a'' lion which insolvent human nature
taAAht, ear, having been reached, the prop
'an If the State is next attacked. The
Stg on the swamp lands, which belong
a'' tha school fund, was checked and baf-
10 Init it seems that the States interest
h7. he Central Railroad is about to become
u accomplished iniquity. Surely the
ssn.ookholders of this corporation, the pride
o0 tbe State and the child of its noblest
,s will do something to prevent this
Y .I9meful trade or treachery OF the Board
II Directors. .,, ,,,,
'lonnals than those sagacious and pat
ny .;o statesmen who incorporated this
n n5'I and gave their money to build it
NJ ,rnat idea, of which it was the first
in III. was a grand Railway line
P,, thn sea shore to the Mississippi val
'o-' scratching through the heart Of the
'.t From this great artery veins or
.anch Roads were to extend into every
'I Irt 81 the land and all were to pour their
lasnres toward the sea, t0ihtin orr Oocn
.i' ,'5ore enrich our own people and build
nr own cities. No one will deny this.
"p neople, then timid aud economical,
,,sre appealed to on this ground to stand
~, taxation, and their State pride rallied
.n the appeal For years ami years they
Inv, cheerfully paid taxes for this great
-iicrt- slowly the mattock and the spade
hi their work, and IN their wake the
,rn horse crept away from the blue
,raves of the Atlantic and made his
,av Westward with ma este Strides
w. NOW pauses in the iust pass Of tie Blue
paL,s whilst the way is opening for him to
,ne wealth of the great valley beyond In
all these weary years citizens have waited
without dividends, knowing they could
oct none until through connection with
he West was established. Now that this
+, almost done now that direct line of
Road from Augusta pours its great frelghts
w mon this Road now that the Charlotte
and rutherford Road will soon pour into
nur depots another stream OF trade and
travel and various others are in course OF
obstruction to become also its feeders and
tributaries and that there is every pros
0ect of our Road speedily becoming not
,ply the greatest Road of the State but
.he greatest and most profitable of the
South nom comes this lease. and the fruit
Of all this expenditure of money and pa
,ent waiting Is to be reaped by others -
And the cities of the East, Wilmington,
Npwbern and Morehead, are to be abso-
utely cut off from all hope of Western
trade. Is it not cruel ? Is it not an out
rage? Yes, an outrage upon our Stock
holders, upon the State Treasury, and upon
our Eastern people If this road passes
into the hands of the r. Il G.. Railroad
and its Ring of Norfolk and Baltimore
bankers for twenty years, it amounts to
nothing less than q declaration of war
againss our own people East of Raj
eigh, in .fdoOr of strangers; and shuts
out forever, the gallant people of that
region from the rich products and in
creasing commerce of their own State
| for one am not willing to do it,
no, not for 40 per cent per annum, am
willing to shut the door against my fellow
citizens of the East, and meanly turn these
costly State works which their wealth
nelped to build, into instruments Of ruin
aud oppression ? That the lessees of the
Road would do this there can be no doubt.
That was the sole object of the lease. The
Inst clause but one OF the lease is in these
words: THAT said party of the second
part shall have leave to change any shops,
trucks, houses and other things in such way
a. t. promote the convenience of ship
Inents of freight, travel, &c., &c" This
means that they may run the track of the
y. c. Road on the Northwest of the city of
Raleigh to the old Raleigh and CASTOR De-
not It further means that the lessees
may remove ali the Companys machinery
and fixtures from the Shops to any other
place whatsoever, and they are not bound
70 return them to that place; and also, OF
everything else on the Road! 1t also
means that there will be perhaps no trains
al all operated from Raleigh to Goldsboro,
there being no clause of said lease, direct
* or Indirectly, compelling them to do so
or in any other way to oblige the public,
In fact the lease does not forbid the lesseGi
from closing the entire Road, from Char
lotte to Goldsboro if they should see tit!
And all this is to be done under the pre-
tense that there is money to be made by /
the common excuse for villainy in this
loyal age But even this is false SO OBJ
sOusly false that no man can fail to see l
who will examine the subject for one mo
nent, as will now proceed to show.
The first Is months after the war AFFORD
no good ground for calculation. The!
were extraordinary months, both in re
ceipts and expenditures. The vast sum
}ar;yad from the transportation of troop
and army stores, and the boarded supple
Of Cotton, increased the one as much
fine extraordinary OUTLAWS for repairs an
supplies did the other. But the fiscal yea
from July 1867, to July 1868, will afford
lair starting point. According to the off
ciai reports that year, the figures stoo'
thus
Juv 1ses gross receipts. 1886, All
Ex1enses ..,..... 268, 772
Net nrofts ........... $316.63S s
lnc,esse Of cross receipts. sc. 952 ]
JuIv 1890 o2oss recoipts 65S, III !
Fynenses .... 261, 233 {
Net nro6ts ... 1896, SS4 {
Increase Of Groas receints 727O6 {