The weekly standard. [volume] (Raleigh, N.C.) 1869-18??, 1870-03-23

Executive DEPARTMENT,
Rr.c;1h March 10, 1870.

hH,tl4N, hal'l ~, A''O'
y, the Honorable, he Gensyai ls,embly
nj NOTh C,TOtiDn;
'iESTLEIENi Under an act to restore |
% credit Of the stare and facilitate the
lstructiOn of uur unfinished railroads,
flied 9TH day of February, 1870, we have |
.re honor to submit The following report:
We entered ut once uu oar duties under
ais act. Notices were issued to the differ.
ent Railroad Presidents, requiring them
within twenty days from the service Of the
notice. 10 report under oath tn the under
Signcl, II statement showing following
tens
!. What amount III bonds of the State
was received 10y such President or other
public officer from the Public Treasurer, or
from any predecessor IN office Of such prcsi-
ant or other officer, with the respective
'te OF reception.
9. What amount of such bonds have been
old, IN what markets, with the respective
,latcs of such sales
3. What amount of such bonds have been,
or are now hypothecatcd, to whom so by
pothcCHtcd, when Hypothetical, tor what
purpose, and what amount Of money has
been realized by such hypOthcCntinn.
1. What amount Of such bonds rCma IN on
band unsnld, or have been turned over un'
odd to any successor of such President or
ether officer and whether any interest and If
any, how much has been received by him on
any unsod bonds of the STATE.
The Railroad Presidents aforesaid, were
al o required, in accordance with section
Ol said act, to return to the PGbhC Treasu-
rer, subject to the joint order of the Gov
crnor uhd Superintendent 0i Public Works.
al bonds of the State which have been is
sued under any authority Of law, and which
remained in the hands of any such Presi
dent or other officer unsOld or uudlsposcd
of; or in case any such bonds had been
sold or exchanged for money or other sect
rites the said President or other officers
were required 10 deposit in the Public rrchs-
ury such money, proceeds, or securities, or
81 much thereof as he had not actually cX-
pended upon his Road.
L. Iielo, President of the North Western
North Carolina Railroad, was notified on
the 18th February, 1870, and reported to us
and fled his statement on the 22d of the
same month.
II appears by his statements that he has
received of the Public Treasurer one million
und eighty thousand dollars in bonds. They
were received in October last lie has sold
none, and hyputhccntcd none, He has re-
ccivcd no interest on the bonds and all of
them have been returned - the Public
Treasurer.
j. X. Stubs, President of Williamson
~ TmbOro' Railroad, was notified February
nth, 1870. and reported to us and filed his
statement on the 22d day oft the same month.
1t appears from his statement that on the
lin oi November, ls"S, he received thr,e
hundred Thousand hoilatS IN bonus nc
sofa these Dohus Tor one huhureu anu sixty
thousand nine hundred IN" lof'y-eiSht uoi
lars and forty seven cents No account of
sales rendered. lie states that he has rN-
nenlrl the procy eds of these bonds and has
no money on hand.
William sloan. President OF the Winning
ton, Charlotte. and Rutherford. rnilroai,
was notified rtbrlnry llth 1870, and re-
ported To Us ana hIgi IN. statement, Mnrch
|3th
IL appears ny ms statement THAT On the
l"'h 'c'"ner, lNo'' h' received I'VE hundred
tnouShn" oonatS III ""h!'' an" ON th' Gun
Dece'hneI loo"' nc iuC,'Nt,l one n''''"" "''
""n"''' '''"'u"" "","'' III "u"uH'
lie states he has sold none "i tn, bonds
mat ne mas hyp"thcca'c9 pIr Muh',r'' !,
thousand 1oilors OF mem WIN the N"tlonn'
BANK pi niHlilglo"' '"nr huu"tc" ,n"u
. 'tuu uoiiars ol them WIN iltniy ''eWs
~ w. Oh New l"tk wv" hunutc" 'hnusah'
Iollars OF them WIN Tue New ioik "uornu-
zee ana ihueh,hlty COMPANY, an, one mn
I9h Hi "o,n'rS OF mem WIN 'oln fieh,'p''
oil New YORK leaving three hundred thou
s'hu ."''"'s VI 'hcu' III 'he ""hN uh'hVu"'-
pcrcu' .u.
one mill, ,, OF uo'lats IN bnhIS Is sun IN
Tor or drawn out
lie states he has paid no interest, except
in coupons for the first six months ON the
bonds he received.
No money and no bonds returned.
>. Mcdowell Tate. former President and
Trustee OF he Western North Carolina Road,
reported to MS and filed his statement on the
second of March 1870. 1t appears by his
statement that he has received in bonds two
millions and siXty-sGven thousand dollars
that he L.s sold these bonds at various times
from Oct Ith, 1868, to Feb LIST, 1870, at
prices ranging from G75 Ia to n cents in
the dollar, making an average for all OF
II I inn th,. winnie nmpunt realized tor