Wilmington journal., 1872-07-26

get this Governor and his friends to recon-
mend it, how much General Estes receiv- |
ed for advocating it and what other in
ducements were held ont, the people will
never lsn0Mes. But this they do know that
the 'stuek, n0w worth sixty dollars share
and TleaSef for a dividend of FIVE per
keent thlS year, six per cent next year and
seven per cent the third and all future
years, or Wenty y-eight thousand dollars a
year. %Was sold by Radical authority
1 Tor tlziEtgSsexen dollars per share, and
I the proceeds invested in special tax bonds
not worth the paper upon which they are
printed. But this is not all. The Educa-
tienal Fund has lost more than twenty
eight thousand dollars pei. annum agfthe
| sdesof this stock. = It is perfectly safe to
say that the lesseesuef the Road woula rot
kave leased it unless they had felt sure they
would make from the net receipts of the
road Handsome profit after paying the
seven per cent. to the Stockholders. ar atf
/ So we see that the Educational Fund has
4 lost not only its four thousand Shares of
| stock, bringing in yearly income Of
twenty thousand dollars, but also the
| amount OF profits the leSSees of the road
Will make on those new shares in addi-
4 ton. zsat1 sa5 sEl's'5Ak1 7'4 +'2
The Road is now i'm the hands Of Nofth-
ern capitalists and is not worked it'll aviey
singly and solely to the Interests of that
rad. 7''1--' 4..' =
We have heard. 1t stated upon The best
/ authority that if the Wilmington and
Il Weldon road was in the hands of OuG own
people and managed with an eve single to
its Interest as a sole, SEPARATE. distinct cor
1 pOratlOn, and, not as a mere connecting
II link in a great Chain Of .railways, it might,
in year or two, pay an annual dividend
of fifteen or twenty per cent. upon the par
Y value of its stock. '''' .
Il fthis be so, the Educational Fund, in
stead of losing an. annual income OF
I twenty-cight thousand dollars, has lost an
! | annual income ranging from sixty thousand
dollars to eighty thousand dollars.
And yet Radicals, in the face Of these
facts, have the assurance to talk about the
t ignorance of the people of North Carolina
| | A very fearful responsibility rests upon
Governor Holden, the especial pet of the
Radical party, for the sale first and after
wards the loss of the entire four hundred
i thousand dollars Interest III the Whining
y ton and Weldon Railroad stock, the prop
, erty of the State Literary Fund.
I North Carel;ua not for Cheering
VrOspcct.
, 1t really seems POSSIBLE that the Radica
,, leaders, believing their only hope o
retaining power in the State depended OF
!. keeping the people in Ignorance, dcliberatel!
f and Iesignedly withheld the means ofedu
cation from the youth of the State. NJ
matter whether this was their motive o
n whether they were Influenced simply by
Q desire TO appropriate to their own privat
Il use all the monies they could put thci
f hands upon, they think the result has beer
accomplished and are now constantly an,
{ confidently boasting that 'evcrybol
:, knows North Carolina can be bought,
= and so thinking, they are sending thousand
and thousands Of dollars into The State t.
q buy us up with. But We do not fear tn
q money, fCr this reason, if no other, tha
before it can reach the pockets OF on
u people it will necessarily have passe'
If through many Radical hands that at eacl
IS change the pile VIII become SO small b.
degrees aud beautifully less that it will b
too Insignificant II tempt even that class O
poor, ignorant North CTOlininnS to whom
e "a five dollar bill looks like fortune
e But there is a better reason than this.
q Our people cannot be bought in thi
election. The white voters have larg
/ majority i'll this State oil over htty.fiV
II thousand votes. NiI,e-tenths of them hay
an intense hatred for Iadcalsm aud neet
# only an opportunity, free from the appre
hf sion of Unlawful interference on th
1, part Of the Federal Government, to expires
al their views in l,nmistallable terms. Thi
u opportunity now presents itself. The with
drawa, by Congress from the President o
the power to suspend the writ Of UaJea
IS Corpus, and the decision of the Suprem
Is Court of the United States declaring tn
!, so-called Ku-Klux legislation uncoIstitUl
- tional, and the help Of large mass o
IL Liberal Republicans at the North, render
g. absolutely certain that the people Of \ Ortl
e. Carolina can, next week, vote il accord
ance with their own wishes and with pei
- feet impunity.
l. To use the words Of a faithful oil
II colored man in Florida, essence freedom
a has broke out " for white people as well a
;, for blacks, we have nothing to fear.