Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-10-29
North Carulfnn Railroad LEAST

The more We reflect upon this mattel
the more we see into the faithlessness O.
the transaction. We cannot, within the
limits of reason and honesty, see how men
upon whom rested the most solemn obi
cations to take care of the welfare of the
State and of private stockholders, could
deliberately and secretly vote away the
best interests of both. For what purpose
has this thing been done is asked on all
sides. How much money has been paid or
promised =? Yes how much Virginia
money has been offered to North Carolina
officials to consummate this transaction ?
| In whose interests has it been done ?
| Why should men representing the State
of North Carolina sacrifice her interests
| for the exclusive benefit of Virginia Rail
roads and cities, and to the direct and
serious injury of North Carolina Railroads
and cities We venture the assertion
with certainty that the Directors OF that
road can get eight per cent for the same
privileges which they have bargained TOR
six. We believe even more than eight can
be obtained. Then why take six privately?
Why favor one line to the detriment of
Others and to the injury of the people of
Middle and Western North Carlina?
We do not oppose a lease of this Road
ii those who have control of it are honestly
and disinterestedly satisfied that it is best
that it should be done, but it was wrong
to rent it privately to one line it was
wrong, as a matter of preference, to foster
Virginia interests with North Carolina
money it was worse than wrong to lease
it for less than could have been obtained.
We are glad to see that our position in
opposition to this lease has received the
endorsement of every paper in North
Carolina, which has given an opinion on
the subject, except the Raleigh Standard,
and that paper is owned and controlled by
the " Ring" master, who is identified with
all the Railroad swindles in this State and
Florida, and edited by q stranger, who
has as much interest in Maine and more
in Jamaica than in North Carolina.
We publish below an article on the
subject from the Raleigh Sentinek-
We know not how far the action of
the Directors commits the corporation
We do believe that Governor GRAHAM,
who is the legal representative of the
creditors of the Road will use every lawful
means to prevent the contamination of this
iniquity-this blow at once at the welfare
OF the road and of North Carolina. We
are not fully advised as to the effect of the
contract made by the Directors, but we do
know that it will be remembered through.
out North Carolina to the discredit of the
Governor, who has endorsed this transac.
ton and may be interested in its consum.
nation.
The Sentinel, edited by former Presi-
dent of the Road, and who knows some
thing OF its value as we'll as the influence
at work which brought about this lease,
says:
When the Governor gave his sanction to the
fenltentlary swlndle, when he approved OF the |
sale OF the North Carolina eight per cent bonds
1t Cd cents in the dollar, which had brought and
were then worth par. when he silently acouiesced
state, we did hope that it had thrown no mnch
suspicion upon him that he would fear to give
ms sanction to any other schemes for the plnn
aer Or the state. But the Governor Went 10 Nsw
YORK with DIR. Sloan, A. ]. Jones. Littlsfield
'enk'ass ths treasurer and the whole Ring, The |