Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1871-02-17
Consolidation,

Dea, Journal Tue people OF " estern
North Carolina believe that your heart
is in the right place, and yo2 have in view
the best interests Of tie whole common
wealth.
They are glad to bear that you "would
like to see the North w estern North Caro-
lima Railroad completed through to the
Virginia and Tennessee Railroad And
vet, after reading Jour leader of the LIST,
the impression prevails. that by some
means You have reached wrong cOncla-
sio4s.
In view OF tlts we protO-e briefly TO
demonstrate that the true interests OF the
North Carolina Railroad aud through it..
thosl5 Of the entire State, particularly of
the Eastern portion, require the consohda-
ton of the North Wsstel North Carolina
Road, with the North Carolina, as CON
templated in the bill recently passed by
the State Senate
The North Western North Carolina Rail-
road will pass through the counties of
Guilford, Forsyth, Yadkin, Wilkes, Cald-
well, &C., to the Tennessee border. These
counties are of tue wealthiest in the Wes-
tern part of the State. This road will
torm an outlet ITO the markets OF the East,
= 50 DESIRED, for the products of the fer
tile Ya1Iin Valley, new Inavaila BILE from
lack Of transportation facilities. 1t will
increase many tines the products of this
fertile section.
The management Of the n. W. n. &. l..
r.. has been honest and economical
Originally chartered by the Convention Of
1868. an appropriation Of SO, 900 per aaiie
was granted. BY subsequent Legislative
enactment, the appropriation was incTeas-
ed to $40. 600 per mile, and the bonds Of
the State transferred to the Company
Encouraged by this appropriation the citi-
zeps of Forsyth and Guilford subscribed,
of their private means, nearly $500, 900,
by means of which tie coad bed has been
completed from Greensboro to galcz2, a
distance Of thirty miles. Remember this
was accomplished without any State aid
! All the bonds of the State were returned
| to the Treasury, when required by law
! Outside of other considerations the State,
as good mother, should lend a helping
hand to her struggling children.
The advantages of consolidation 10 the
| n. @. Railroad will be great and numer-
GUS The North Western will prove to be
it's great feeder.
High Point anI Greensboro furnish, by
many thousands, more than their relative
proportion of local and through Ireightg.
/ The proportional difference is enormous.
| BY the terms of consolidation, the North
Western Road proposes to donate to the
n. G. Railroad the wotk already done at
an actual outlay Of 100000 cash. The
only returns exchange of stock. Such OPP
portunities are seldom presented. This
community feels a lively interest III the
management Of the North Carolina Rail-
road. They want it to be successful. In
. It's infancy our people subscribed literally
# their means for its construction, proba-
bly, mere than those of any county not
traversed by it. We believe, to be succe S.
fnl, it's policy must be liberal and cOmpre-
| hensive that the aim in its manageme nj
SHOULD be-wbilst properly protecting the
great capital ilyested, aud securing just
returns on THAI capital 10 the taxpayers OF
the State, and to indivi lual snaroh oiders-
| TO assist in the interests Of the public
those enterprises which will tend to in
crease its own wealth and that CT adjacent
communities Without such policy it
must eventually succumb to other cOrpo-
rations.
Hitherto, the Directors Of the II. Wes-
tern n. G. II. r. have, from patriotic mo-
tives made no efforts, outside of State in
terests, to complete the work. If the con
solidation bill fails. attention must be di-
rected elsewhere. Are the friends of the
State & n. Carolina Railroad prepared tt
admit this may be done Will they cas-
aside so great an opportunity
Consolidate, as proposed, and the people
of the West and Tennessee will pour int
) your seaports their iron, tobacco. grain
Iruit and hay, in exchange for I'll stapl
commodities that the merchants of Viii
mington and Newbern may offer.
Defeat consolidation drive US to seel
assistance elsewhere ;-combine the inter
ests of our road with others outside of th
J State, and what will result Cannot al
| realize it?
Necessity will compel us to seek othe
seapcrts. The products of the fesils re
gions above us will be turned aside a
, Greensboro, to seek through Yirgini
. 'roads market upon Virginia soil, and a