Year: 1869

that vicinity. If it could be done properly,
he should give his sanction most heartily,
because he desired to bnild up NJ Carolina in
all her interests Looking at all the facts
as they exist, he believed the consolidation
would not benefit either branch of the road
Ii it is endeay0red to force freight to More
head City and the cost from there to New
York is the same as by other routes and
insurance is greater from Morehead City,
the other routes are least expensive, and
will always be taken. Take freight from
Charlotte, With the roads consolidated, if
you did not meet the contingencies by re-
! duction of freight, the freight that now
be driven to Charleston All the results
obtainable by consolidation could be eff
fectcd without it. The largest stockholder
of the North Carolina road holds nearly the
whole of Morehead City and large amount
of stock in the other road, and in meeting
his influence alone might override both
roads. He went for the interest of the State,
and should be obliged to vote against the
bill. ist pslis =


Mr.. HAYES moved the indefinite postpone
ment of the bill 5a i eA


MIR. DURHAM opposed the motion.


Mr.. SEYMOUR said North Carolina owns
two-thirds of two roads. The question is
whether they shall be carried on in har-
mony with each other in carrying the freight
OF the State. fla private individual were the
controlling owner of two separate roads. and
he had two individuals appointed as agents
to carry on these railroads, and he found that
from time to time his interest in one road
was used to fight his interest in the other
road, would not he harmonize the roads and
put them under the control of the same in
terest and cause them to be so conducted
that he should reap the benefit of ownership
The State is substantially in that position
with these two roads; she was two thirds of
each, and yet as far as these roads are now
being carried on, this State might as well
own one and Virginia the other. One car
ries freight for North Carolina, the other for
Virginia He asked members to control the
interest of the State in the same way as they
would use their influence in managing their
own affairs. 1t is known to members of this
House that whereas the State owns road
from Boon Hill to a port on the Atlantic
coast, and whereas the State owns road
from Goldsboro northward. the freight is
carried from Boon Hill to Raleigh and there
shipped to Weldon and Norfolk, a longer
distance over road hostile to the interests
of the State to a port foreign to the State.
That is the result of the present management


Everywhere throughout the country the
tendency of railroads is towards consolida-
ton. The result of consolidation ON all
the great roads of the country was
to increase business and double the
value of the roads, He repudiated the
idea of forcing trade. 1t was only proposed
to give the State power not to have trade
forced from her as it is being done to-day
to prevent freight from being taken off to-
ward Weldon or Danville against the will
of the shipper. He was not interested in
building port at Morehead City; but he
believed city could be built there. During
the war vessels came in drawing twenty feet
of water. and be was informed there was
twenty-five feet at high water. New York
has but twenty seven or twenty-eight ovel
the bar. This is our only chance for sea.
port and it seemed to him good one; and
from that lines of steamers could be estab
lished direct to New York and the West In
dies, as well as send everything by way O
distant seaports That section could riya
Norfolk in supplying the New York Marke
with garden products-being several day,
earlier, and country could be developed
that would support a seaport.
Mr. HARRIS, of Wake, took the floor il
opposition to the motion to postpone, and
gave way.


The House adjourned until u o'clock.