The Greensborough patriot [July 23, 1858]

              V
flu firttnsteflirjjjr latert.
,111 *W.*)I>. JAM1S A. (ON,
gHEBWOOD & LONG,
EDITORS AND PROPRIETORS.
rssrd:s: 62.00 A YEAR, IN ADVANCE.
Bate* or 4dvortiNlng.
, ,|,,]l)i per square fiw ihe first week, and twenty-
-.■r.!* ft'7 •***? vtoc'c thereafter. TWELVE LINES on
-'.»in^ » square. Deductions made in furor of
:-.... natter a- follows:
.', MOXTBS. 6 MONTHS. 1 YEAR.
_ ....iW ?=i 50 $5 60 S8 00
*«n«arf* " (l° 10 00 14 00
;.'"'.. 10 00 18 00 20 00
% tern W^VA^ A"V 'V+
Devoted to Politics, Literature, .A-griculture, Manufactures, Commerce, and Miscellaneous Reading.
VOL. XX. GREENSBOROUGH, N. C, FRIDAY, JULY 23, 1858. NO. 994.
BUSINESS CARDS.
. r III:IM;I;<-OC'K, ATTORHEY AT LAV,
J#Usiagtoa>K C. Fi)>. 17. 1858. i"72 tf.
..-nit I it ** iTLEV. COMMISSION AND
11 Forwarding Merchants. Fayettevillc, N. C
• svll> *• i-0.\b, ATTORNEY AT LAW.
<iltr.KSSBOP.OUGH, N.
jUtTa. A. HILL,
c.
LEXINGTON. N. C.
■ HOIST. KKOW\, ATTORNEY AT LAW,
I •..-! Point, N- <'-, will attend to rdl business en-
..", i •.. bis care. March 2'i, 1808. U77 ly.
•ill'*!"«*. «» & It- I- PifME, COPABTNEBS
| j| •'.► pre i ice of Medicine, Obstetrics and Surge-
. Loiagtoa, N. C.
iiK. J. T. HI'HIT OFFERS HIS PROFESSION
11 , lerrieca lo the public.
a! »St i". Lexington, N. C.
(>fliee adjoining Andrew
April, 1857. '."28 tf.
»• r. FBBEMAlf, WITH AI5R0TT, JONES &
\, r., importers and Jobbers of Staple and Fancy
.' ,i,-I-. So. 158 Market Street, Philadelphia.
• •CO. ST. HOPE, PLAIN AND ORNAMENTAL
| i ._■ ..•■•i.r. Lexington, N. C.
|i Butts and Parlor Ornaments for sale.
. LEX. I*. 8PERBY, WITH BELL, BROOKS,
i pacc&Co., Importej-i and dealers in Staple and
... ;.,y Gi ■•■•.-. So. 89 Chambers, and 71 Reads St.,
■ York. D* en I r 21 1835. 802 tf
ii* V. YtlllTFUIien, GENERAL COMMIS-
\\ H MO.\ MERCHANT, East Front Street,
NEW BERN, N. C.
|MBt fcr Smith's Lin!- NEW YORK PACKETS.
>',• Goods received ami Forwarded. 990 6m
PR(>\T STREET HOUSE, BEAUFORT.
I'j C,. . . W. T. ll'HITFIELO, Proprietor.
This large as.-! commodious Hotel is now open for
- a.-i-.-n.!i."'ati»n el visitors. Board $1.00 per day
Jane S3, laSS. 990 tf
;»R. JAMES K. WALK., HAYING REMOVED
F t.t«ir*ft»:-,'"i*-1: r':i. N;- ''■- offers his Professional
rticesto the public Suffice on West Market Street.
ithehottserecently occupied as a residence by Hon.
dimAGSmer. February, 1858. 978 tf
I 4W C•OIMKT.\KllSIIII».—.1. A. LONG &
it !>. F. ("AIDWELL, Greensborough, N. C, having
- ciated tlteniselve; in the practice of the law. in the
-ai. of GuiDordcounty| will promptly attend to all
-■-.— cntrustecl to their care. Jan. 1858. !«>7tf
J~0111l W. PAYS&E, ATTORNEY AT LAW,
Bating permanently located in Greensborough, N.
. «:!!at»eul the I'ourls of Randolph Davidson and
.'•:"rl. alii promptly itti-ud to the collection of all
,.•:.. rli-.-iia hi- hand.-. Jan. 9, 1857. 916 tf
ll'.iTSOX *i HEARS, GENERAL COMMIS-II
swa Merchants, 3-J Burling Slip, New York.—
-..-•vil attention paid to tie sale of Grain, Cotton and
!.rr >-i::'nm products. I ftajfl.ibcral advances made
r<**iiBiaeuts. 916 tf
IgtltltM: WORIiS.--GEORGE HETNRICH,
| .if \. is liaeturerofMonjuments, Tombs, Head-stones,
:.,at reduced prices, four doors North of the Court
| Heiae. Greensborough, N.|C. Bfe^fOrdcrs from a dis-
!:•■' jreiij'iy tilled. | 971 tf
nvm «i .:r. u. c. QOBSEKL.
|y«rOTT A. <:<»itSt:;:i.l., WHOLESALE AND
I -7 Befall dealers in Fruits, Candies, Preserves, Piek-
•. Sots, Perfumery, Segars, Tobacco, Snutf, Fancy
-:■ !v. .ve.. .v., Garrett'sSNewBrick Building,GreenB-
■sh.X.f. April 2'.'. J858. 982 tf
HS H. B-.WI.tNT-. I W. I>. SlEYNOLHS. | ». H. ttllWLASr..
jrtfVtl.WO & Itin^OLDS. SUCCESSORS
[11 t.. \:.l :• >n ,v Iteyni Id.", Grocers and Commission
rdunts, NORFOLK, Ya. ftajf" 1'ay particular at-
I u:\ -u is the sale of Flouij Grain, Tobacco, etc., avoid-
'.■; ntaeecssary charges, and rendering prompt rc-ftanw.
Ueeeuber, 1857. . 968 tf
NORTH CAROLINA RAIL-ROAD.
The Annual Report of th' President and Directors of the
North Carolina Jtail-Jload for the fiscal year, euiliny
June MA, 18f<8.
OFFICE OF THE N. 0. UAII.-ROAD, )
July 1st, 1858. j
The Directors submit to the Stockholders
of the North Carolina Rail-Road the follow-ing
Report of the general condition of the
Company and of the operations of the Road
for the fiscal year ending June 30th, 1858, as
made to them by the President, acting as Su-perintendent
:
The total earnings from nil sources
amount to $ 385,558 08
The total expense account for the year
amounts to 151,700 00
S 183,707
$ 35,109 06
20,843 00
314.052
102,820
10
plete order and equipment to do whatevrs Do., under same Act, due 1st
WILL. L. SCOTT.
V<«>TT fti SCOTT.! ATTORNEYS AND COUN-
' tell n .it Law, - - {GREENSBOROUGH, N. C,
Rfll attend she Courts if Guilford, Alataance. Ran-dph,
1'ivid—n. Forsythand Rockingham. AUchums
-.•risie-l to them for coUdHion, will receive prompt
liRearioa. Office on North Street, fourth door from
:r: -.■*'■• comer. •
U'.ll. II. BJTRKSEY, COMMISSION MER-ii..
iiii and General Agent, Morehead City, N. C.
' » dl attend to buying, si'.iiiir. receiving and forwarding
I i.i kinds ••!" produce an '. merchandise.
Itefirtmtn—Go*. .1. II. Morehead, Greensborough, R.
. John II. liaughton, Esq., Sewberne, N. C. l)r. F.
Hill. Wiltnin^t i>. N. C.j II. A. London, Esi;.. Pilts-r..
if.'ii. N. «'. Jinn- I. 11158. !'S7 tf
1 i:\IM.OC, JTEWELRT STORK.
i The subscriber has <.in hand the line GOI.U LE-k'EU^
WATCHES manufactured by Johnson of Liver-
;■»■!. ami INxon i.t London \lso. the Silver Lever
. | iin- in I common \ irpj- Watch, with a variety )f
•SAVKI.RY of aH descriptj ns. All of which will be
■■'A li» Cor cash. Watches of all descriptions repaired.
l:f GEORGE RILEY.
■'.. -I<iK| |.v AI.EX. OI.I'IIAM.
GROCERS AND
Wilmington, N. t". I.iber-nce
consigned i\> us, when
CTOKELY X. f.'«.ir3i ill.
• 7 I'nwmission Merchanl
. .iiv:,i, v« made "ti pro
< -..-1
.'.' •'•-.i.rt .•—t'.ii. John M !:ie. President of the Rank
i ailmiagton. o. G. ParMey, Esq.. President of the
■ •!.-!.:.: !.:i!ik. Vug. 28, 1857. '.'48 ly_
UETER W. lll\r-;>\. COMMISSION MER-I
chant. Town Point. .NJoitFOI.K. Ya. Special at-
"■ :i 1 .-1 v, selling Tobncco, Flour. Grain, Cotton,
" receiving and forwnrdiag
inton, Wake, N. C. 0. B.
IIa;, wood, Raleigh. N. C.
liton". N. •'. Aug. 1855.
*»dStores,&c. Also, tt-
■ ■•;-.
.'.••■,-.„.,... (•;, .,;,., L. I
•-'•. EM;., and GeO. ^\
■• PltiTi nier, Esq., H ai r
»» J.NE\DESHAiL, LAND AGENT, WILL
rnmcnl Land. Locate Land
for capitalists at Western
t a general real estate bu-
Addio-s,
" • I HI
.*»• -•"...! and enter <;
•■ •-•■it.-., i.., ,,■ !n\ esl men!
- •'-• \-t\ taxes, and transs
•-•.it. Minnesota, [owij and Wisconsin.
■i-i:i-.| ..;•., M Li ii. it L.
iv- ...... .---H)ii. .I. M. Morehead, George C. Men-
••'•'. •'••!. Walter Gwyun'and Hon. John A. Gilmer.
lay K I-.... { ^^^^ ^8 If
IfcRARY Jfe CO., FACTORS AND
>mi ■ sion MerchAits, Agents for the sale and
: ffotton Flour, ( rain, Salt, Groceries Ac,
:,-r prinei -•.- ad Water Streets, Wilmington, N. C.
*'-*"' * taladvan :es ou Consignments.
.-•'.• .- it II. s-iva «•. Cashier Rank of Cape
'"'■: l»r.K«»S.SET \ Brown, Wilmington, N. C. F. ."c
t Fries, Salem, .*.. V. C. Graham .v. Co., Marion C.
•■•<-''. Hunt. Vddertonjt Co., Lexington, N.C.
WOTT .V GORRfJLI/S PHOTOGRAPHIC
liailery i BOH oneneilTfand Cameotypes, Melaino-
*p~.and AMRRtlTl I'ES, Which cannot be surpassed
•DURABILITYand BEAtJTYare taken in Lockets,
:.:- ;-.iCi..-, to suit the tastes and parses of all.—
'• '';'■•- !_■!-:.»?.. ntly locatdd in Greensborough, they
••'. i- »t?y expect a liberallpatronage.
t- i*
1
:.*id examine Specimens, and learn the
l*""« Rooms formerly occupied by A. Starrett. soo-
1 ••••••>• af Garrett'8 blickjbuilding, West Market St.,
"':'•'•-.••.. •. N • Marah, 1858. 071 tf
f.KORCiB II. RElJLK', COMMISSION MER-shant,
and Dealer in family Groceries and Pro-v..
i'y
•N'. 1LNorth WatnefrStreet, WILMINGTON, N. • eepconstantly onlhand. Sugars, Coffees. Mo-
--■ <;.-«.. Flour, Buster, Lard, Soap, Candles.
'•'■»•■;--. s.- . i.. . ^ ,vc
j. _' "• ■•:->'.!,. i'Mi-!i... President of Commercial
;;•">: J..;.., Ucltae, Presi|enl Bank of Wilmington,
••• :.. .N. < \. M. borman, Rev. R. T. Ueflin,
•'• •■- F. Garret, Barid MoKnight, Grcensbo-
♦! J*-' Uo'ltKO< H• ■*• H. 8^ RE8PECT-
■ -1 .' '"•* ' " ' professional services to thoeitisens
.,..."""••"' ,r"Ugl . and all < there who desire operations
edon the TEETH ill the latest and best style.
■ ■•■■: N. C
••'. second - oryof Garrett's brick huild-
.•..,,.""",'"' * •• ' " .-- Ki l'Utid unless professionally
"•■ *jrd», 1858, r Jma
Nctt receip's,
The increase of gross earnings over the
previous year is
And of net t profit
The number of miles run by Passenger
Trains in the year,
Number of miles run by Freight Trains
The number of regular Engines on pas-senger
service which have made this
mileage—Ten—
With but little aid from extra service.
Appended to this Report will be found
various abstract statements which explain
themselves. That showing the disbursement
account of the past three years, daring the
time of the present administration of the
Road, lias been made out by reference back
to every warrant in detail, and can therefore
contain no error; it must show, with per-fect
accuary, the total payment of this pe-riod
duly apportioned,—so that there can be
no doubt as to the nature of disburenments
for any account. Whether these dibursen-ments
should be made was not a question
submitted to the discretion of the Board.—
There remained debts unpaid, on construc-tion
account of former years, which had to
be met; there remained important works un-finished
which had to be completed there
were works of re-construction which had to
be refinished when needed, and of the whole
disbursement account, there is no part not
considered to be a work of necessity for the
safety and best interest ofthe Road. To see
the extent of this work, reference may be
had to the last Annual report, describing it
in detail. Since the last Report no new
work has been done on the Road, except the
completion of Water Station at Raleigh, As-bttry,
Section-house 7, lloltsburg, Harrisburg
and" Charlotte. There is now under con-struction
the joint passenger house at our
point of connection with the Western N. C,
R. R., in Salisbury. The joint freight-houses
are erected. The old ware-house at
that point being wholy inadequate to the
business, in dimensions, and occupying the
only convenient site for a joint pasesnger
shed, the Boards of both Roads agreed on
plans of connection which involved its re-moval.
This removal has cost only the ta-king
down, as all the material has been and
will be used in the new buildings, and a very
good connection ean now be made for trans-fer
of both passengers and freight at this
important junction.
The Road track is now in excellent order;
it is kept in good repair through the line,
and enables all trains to make their time
with great regularity.
The Bridges are carefully inspected at all
times, and tire now iu a condition of perfect
safety, being secured from fire by a metalic
covering between the tracks.
Locomotives, Engines.—This part of Our
imachinery is in very superiorconditon. The
engines on regular service are always kept in
thorough order; they are, many of them, as
when first received, it is believed that we
shall not need to buy any new ones for the
next year, as a matter of necessity, though
it is always good policy to keep a few spare
engines on a Road of this length. Our en-gines
have been kept in good repair, several
rebuilt, and the policy has been never to let
them go down. The report of mileage and
repairs sufficiently certifies what we are do-ing;
a comparison may be safely challenged
with most Roads in the country, as to the
amount of work done by the same number
of engines their condition and cost for re-pairs.
Company Shops.—Here the work of build-ing
will be completed with the houses now
finishing. The Board have always incurred
expenses of construction with reluctance,
in consequence of the objections urged by
many against expenditures at this point.
By reference to the table of disbursements, it
can be seen what has been expended here.
Before the shops and their cost arc con-demned
for eztravganee, it would bejust and
well to give them at least credit for what
they pay iu return; and this is, first, 8 per
cent, on all resident buildings'. next, from
50 to 1000 per cent, saving on all repairs;
last, that efficiency of machinery and safety
of running, which otherwise could not exist,
and which it is not possible to estimate in
dollars, since there is involved not only cap-ital
investment of money, but large amounts
Of valuable freight and the life of every pas-senger.
It is very gratifying to be able to state
that up to this date, no accident involving
the endangering of life or limb has ever yet
happened to any passenger train since the
Road commenced work. Our trains are reg-ular
And unfailing in their connections.
The business of the last year lias fallen
short of what was expected. In the begin-ing
of the year our receipts were highly
promising-—but the terrible crisis and the
low price of produce cut them off'; and al-though,
unlike almost all the Roads, (many
of which lose 30 per cent.,) we have a gain
over last year, it is not such an increase as
we expected. It is very clear, however that
our increase is certain, both in Freight and
Passengers.
The Western Road willbcopen toStateville
in a few weeks, and to the Catawha Valley
this Fall. From it we will receive a most
valuable, and large accession to our business,
beyond u doubt—and it will bo a trade which
has never before reached a Xorth-Carolina
Road or port. Wo think it must be very
nearly or unite equal to 8100,000 in amount
for next year.
We have a good Road of 22:1 miles main
track, and 17 miles sideling—together 240
miles—with a business every year increas-ing,
For the last year our Passenger Trains
have done double daily service, and our
Freight Trans whatever was required in the
Transportation, at a oost of less than 4G per
cent. Let our Boad be still kept in corn-work
is ottered, and we have little to fear
for the future. The Road is gaining charac-ter
and position its receipts steadily incraes-ing
every year—and the same ratio of in-crease
must soon make it a highly remuner-ative
one to the Stockholders. The reeipts
of nctt profit liave been from its first year
sufficient tp pay a dividend, but for the
means being of necessity absorbed by the
floating debt, not known to exist. The cost
of the Road as it is complete exceeds its capi-tal
stock largely, but it should be remember-ed
that the distribution of profits the divid-dends,
will only be upon the capital of $4,-
000,000, on a work of much greater cost.
The Treasurer's Report and usual tables
are appended.
By order of the Board,
C1IAS. F. FISHER, President.
We gather the following information from
the tables submitted by the President:
Number of passenger coaches, 1st class, 13
—2nd class, 4—mail coaches, 5—in all 22.—
In addition to these there are 282 box, gravel
and flat cars and the like.
The temporary liabilities of the Road are
8144,000. To meet these the Company has
means amounting to 8151,150, exclusive of
freight balances unsettled and cash balance
on hand. The materials on hand are estima-ted
at 884,800.
The amount of Road receipts from Julv 1,
1855, to July 1st, 1858, is 81)28,294 17. Tho
cost of operating the Road during this period
was 8440,203 32—leaving nctt profits, 8483,-
090 85. The receipts from all sources for
1857 were 8300,449 63, and for 1858, 8335,-
558 68, showing an increase of 835,109 05.
The grand total of receipts, from the be-ginning
of the work up to July, 1858, is 85,-
815,388 43, and of disbursements 85,667,597,-
28.
The total disbursements for 1856 were 8953,-
611 34—for 1*57,8754,284 03—for 1858,8414,-
788 19.
The total number of men employed in
transportation, repairs of Road and in shops,
is 415—that is, 139 whites, 13 free blacks,
and 203 slaves.
Jan. 1887,
Do., under same Act, due 1st
July 1887,
Do., under same Act, due 1st
Oct- 1887,
Do., running 30 years, issued
under Act, of 15th Feb. 1855,
for subscription to the Wes-tern
N. C. Railroad, due 1st
Oct. 1886,
Do., under same Act, due 1st
July 1887, .
Do., under same Act, due let
Jan. 1888,
Do., under same Act, due 1st
April 1888,
Do., running 30 years, issued
tinder Act of 2d Feb. 1857,
for subscription to the Ches-apeake
& Albemarle Canal,
due 1st April 1887,
206,000 00
207,500 00
400,000 00
200,0000 00
100,000 00
100,000 00
50,000 00
250,000 00
80,484,500 00
(Amount of Coupon bonds,) 85,494,500 00
OBLIGATIONS FOR WHICH TUERE
IS NO SPECIFIED TIME OF PAY-MENT
OF PRINCIPAL,
Bond payable to the Literary
Board, 8 05,563 00
Do., do., do., do., do., 15,442 00
Notes, payable to Cape Fear
Bank, on account of loan, 150,000 00
Total funded Debt, 86,715,505 00
INTEREST.
Annual interest on funded debt, $ 402,930 30
Add interest on Bonds endors-ed
for the Cape Fear & Deop
River Navigation Company,
(paid by the Public 'treas-urer,)
18,000 00
Total annual interest, S 420,930 30
RECAPITULATION.—{Principal.)
(From the Raleigh Standard.)
STATE DEBT OP N RTH CAROLINA.
Statement, exl ibiting the amount of the funded
and unfunded Debt of the State—on ichat ac-count
contracted—when due—the annual inte-rest
thereon, and when and where the same is
payable. {July 1st, 1858.)
RSOISTEREB BONDS.
Bonds endorsed under Act of
7th Jan. 1S39, for the Raleigh
& Cfaston Company, due 1st
January 1*60 • 8 500,000 00
Do., issued in 1849, under Act
of 7th Jan. 1849, to pay the
debts due the Bank of Cape
Fear, the Bank of the State,
and the debt due on account
Of further endorsements for
the Raleigh k Graston Com-pany,
due in 1859, 200,000 00
Do., (running 10 years,) issued
under the Act of 8th Jan.
1851, to settle and pay off
the contingent liabilities of
the State, due in 1861, 40,000 00
Do., under same act, and on
account of same, due in 1862. 130,000 00
Do., running 20 years, issue'
under Act of 27th Jan. 1849,
for the State's subscription
to the Fayettoville ft Wes-tern
Plank Road, due in
1869, 26,500 00
Do., under same Act, and on ac-count
of same, due in 1870 33,500 00
Do., under same Act, due in
1871, 40,000 00
Do., '• " " " 1872, 20,000 00
Amount of registered bonds, 8 990,000 00:
COUPON BONDS.
Bonds,running 10 years,issued
under Act of 27th Jan. 1*49,
for State's subscription to
the Graston & Weldon Rail-
Road, and for the improve-ment
of the Neuse and Tar
rivers, due 1st July 1864, 8 41,000 00
Do;, under same Act, due 1st
Jan. 1865, 67,000 00
Do., under same Act, due 1st
July, 1865, 44,000 00
Do., under same Act, running
30 years, for State's sub-scription
to the N. C. Rail-road,
due 1st Jan. 1883, 500,000 00
Do., do., do., due 1 st July 1883, 500,000 00
Do., do., do, due 1st Jan. 1884, 500,000 00
Do, do., do, due 1st July 1884, 130,000 00
Do., do, do., due 1st Jan. 1885, 370,000 00
Do., under the Act of 14th Feb.
1855, on account ofadditional
subscription to the N. C. R.
Road, due 1st April 1885, 1,000,000 00
Do, running 20 years, issued
under Act of 14th Feb. 1855,
for State's subscript ion to the
Fayettoville & Centre Plank-road,
due 1st April 1875, 20,000 00
Do., under same Act, due 1st
July 1876, 10,000 00
Do., under same Act, duo 1st
April 1877, 2,000 00
Do., under same Act, due 1st
Jan. 1S7S, 4,000 00
Do., running 20 years, issued
under Act of 15th Feb. 1855,
for subscription to the Fay-etteville
& Warsaw Plank-road,
due 1st July 1875, 4,000 00
Do., under same Act, due 1st
Jan. 1877, 0,000 00
Do., running SO years, issued
under Act of 14th Feb., 1855,
for the improvement of Tar
river, due 1st Jan. 1886, 15,000 00
Do., running 30 years, issued
under Act of 14th Feb. 1*55,
on account of Lunatic Asy-him,
due 1st April 1806, 59,000 00
Do., under same Act, due 1st
April, 1807, 15,000 00
Do, under same Act, due 1st
Jan. 1868, 6,000 00
Do., under Act of 17th Jan'y,
1857, (running 30 years,) on
account of said Asylum, due
1st Jan. 1**8, 35,000 00
Do., running 30 years, issued
under Act of 12th Feb. 1*55,
for subscription to the Atlan-tic
& N. C. Railroad, due 1st
January, 1886, 533,000 CO
Principal duo in 1859, 8 200,000
ti tt tt 1860, 500,000
(1 tt tt 1861, 40,000
« n « 1862, 130,000
M u « 1*64, 41,000
(I St it 1*65, 111,000
U ti it 1866, 59,000
it it a 1807, 15,000
It tt tt 1868, 6,000
a ti tt 1869, 26,500
<( it tt 1870, 33,500
a It it 1871, 40,000
ti it it 1872, 20,000
tt (1 tt 1875, 24,000
tt II ti 1776, 10,000
a II tt 1877, 8,000
<( « ii 1878, 4,000
tt a ti 1883, 1,000,000
n n tt 1884, 030,000
a 14 it 1885, 1,370,000
it II it 1886, 7,48,000
tt ii tt 1887, 1,283,5000
a ic •c 1888, 185,000
No time specified for payment, 231,005
80.715.505
RECAPITU LATION.—{Interest.)
Interest, payable in Now York
1st Jan. and 1st July of each
year,
Do., payable in New York, 1st
April and 1st Oct. of each
pear,
Do., payable in N. York on ac-count
of endorsements for
the Cape Fear & Deep River
Navigation Company,
Do, payable at tho Public
Treasury, Raleigh, N. C,
8 213,450 00
110,220 00
18,000 00
7«,260 30
8420,930 30
8250,000 00
300.000 00
ENDORSEMENTS.
Bonds, endorsed under the Act
of 27th Jan. 1*49, for the
Wilmington & Raleigh Rail-road
Company,
Do., under the Act of 10th Feb.
1855, for the Cape Fear &
Deep River Navigation Co.,
Total endorsements, 8550,000 00
One fifth (850,000) of the Bonds endorsed
for the Wilmington & Raleigh Railroad is
due 1st January, 1859; one-fifth 1st January,
1860; one-fifth 1st January, 1861; one-fifth
1st January, 1862; and the remainder 1st
January, 1863. Interest payable in New
York 1st January and 1st July.
One third of the Bonds endorsed for tho
Cape Fear & Deep River Navigation Com-pany
is due 1st January, 1865 ; one-third 1st
January, 1875, and the remainder the 1st
January, 1885. Interest thereon payable in
New York on the 1st Mondays in January
"The Wilmington and Weldon Railroad
Company will no doubt pay the Bonds en-dorsed
by the State, as they fall due, the in-terest
heretofore having been punctually met.
The State has lost nothing by lending her
credit to this Company.
The Cape Fear and Deep River Naviga-tion
Company failed to meet the last year's
interest on the Bonds endorsed by the State,
and the Public Treasurer had to pay the
same, as will appear from the foregoing
statement, and it is probable that the State
will have to provide for the payment ot the
principal at least of the first instalment of
8100,000, due in 1865. The friends ot this
improvement, however, arc sanguine, that as
soon as tho navigation to the coal fields is
even partially opened, tho company will bo
able promptly to meet its liabilities.
For the above endorsements the State is
protected by mortgages.
It is impassible to calculate With any de-cree
of accuracy the probable amount of the
nrosoective debt of the State, depending as
the Banks of the Sate for sums borrowed
under resolution of the General Assembly to
meet pressing exigencies, and in anticipation
of the revenue. T'his amount varies from
time to time, and Will be paid off when tho
revenue is paid in bV the Sheriffs.
■ rf » m
[From the Atlanta National American.]
" SHOKTMM ROUTES."
We give below an article from the Western
(Charlotte, N. C.) Democrat, respecting the
rival routes, and ihe great North-Eastern
and South Western Railroad traffic. Tho
tablo of distances c f the routes given in tho
article compared oio with another, are sub-stantialy
correct; :but our North Carolina
friends should not iforget, that when all the
links of road on the Tennessee route now
in process of construction are filled out, that
the Tennessee, rout B will be shortened 100
miles and be about t tat much shorter than the
Wilmington route, ind quite as short as the
Air-Lino route si thout the Danville and
Greensboro' connection; and which, without
the opening of the Air-Lino route, will
sweep the last vestlige of this through traf-fic,
with its minions of benefit, from North
Carolina, South Carolina and Georgia. All
will be gone with >it even a small gain for
this great loss, -^nd we will assure our
North Carolina ffvinds that we, the peo-ple
of Atlanta, at 'this great Railroad cen-ter,
are begining already to feel seriously tho
loss of this through business; and we hard-ly
believe that the North Carolina Legisla-ture
will be so illiberal and so untrue to the
best interest of theirown State and that of
neighboring States as to any longer refuse to
a portion of their constituents, the privilege
of conferring on themselves, and millions of
others, the immense benefit to bo derived
from the Danville ^connection. If they are
not sufficiently ei'lightencd on the subject
of Railroads, and the civil right that every
community has to build for itself a high-way
wo would advise them to step over into
Georgia or South Carolina, and take a few
lessons on this identical point. A narrow
selfish and local ;»Jlicy in regard to Rail-roads
once prevailed in Georgia; but no
sooner was the public mind brought to bear
upon its injustice^!-an it was swept away,
and with it all Legislators and even Govern-ors
who upheld it. The passage of the
lliwassee Railroad charter over the veto of
Governor Johnson, is proof enough of the
sentiments of our people on this point. Tho
people of Georgia have profited more than
one hundred and fifty millions of dollars by
Railroads, and the free trade and intercourse
they afford; and they have said, and will
still say, to the world : Neither our territo-ry
or our laws Shall stand in the way ot these
improvements in any loealityoranydirection.
This sentiment oi "free trade in our own
country and among our people, has more in
it than some people at first imagine. It
comes home to every man's door and is the
very life and SOU] Of enterprise and iniprve-ments.
The idea that some of the North
Carolina people huve that to build up Beau-fort
they must deprive one-half of their peo-ple
of the privil.ge of traveling and trading
where they plea<e. is too absurd to be enter-tained
by honest nen. We certainly have
learned, or believe, in Georgia, that the best
interests of our State, and cities also, re-quire
free and nrtrestrained inter-comuiiina-tion
in every diiiedtion, and with every part
of the country jiaiul if the Legislators of
North Carolina di* not eventually find this
to be the sentiment of their people, all we
have to say is, t!:t r people are different from
our people, andjthe sleep of "old Rip Van
Winkle" is not jet bj'oke.
But here is thje article from the Charltee
Democrat: I
SHORTEST ROUTES.
MR. EDITOR.—I.desire to draw your atten-tion,
and throughlyou the attention of the
public, to the .various newspaper articles
that are obtaining more or less notoriety
through the efftiris of interested persons, on
the various established or proposed Railroad
Routes between the two principal commer-cial
cities in the United States—New York
and New Orleans! In the Washington Un-ion
ofthe 28th Miff, under the head of" new
postal arrangements," may be found a flat-tering,
and, to the traveling public, an ex-ceedingly
interesting article setting forth the
(heretofore unusi»l) dispatch which certain
Railroad 'CompWies had affected for the
transportation of the U. S. Mail and passen-gers
between Ml ji'ork and N. Orleans, in
the extraordinary short time of 4 days and
17 hours, and hereafter to be reduced to 3
days and 12 hours. Likewise that arrange-ments
had beenperfected with the I tepartment
in connection with tho above, for a semi-monthly
mail via Tehuantepec to San Fran-cisico,
which is bo shorten the present time
10 days betwe»-n New Yok and California.
This article is followed up by a systematic
and detailed st:U<Jment in the various news-saidj
routes, urging upon the
ashington, the recognition
e shortest and most prae-en
the north and south.
astonished that a lethargy,
to imbecility, has taken
possession of the Public prints of our State.—
I have as yet be£rd of only one newspaper
in the State (Wilmington Journal) which
has given utteraijce to one single expression
of opposition toltbe assumptions made in
comparisons of distances, advantages, fee., of
other routes. I'lo not now propose to go
into detail as to die merits or dements of
the various proposed routes, which have or
should attract public attention; but merely
sVif-ley can do so, to draw out
Distance from New York to New Orleans via Wilming-ton
and Manchester Railroad :
From New York to
Washington, 240 ms.
Richmond, 180
Weldon 80
Wilmington, 1C2
KingsTille, 171
Augusta, 117 '
Total
Distance from New York to New Orleans via Danville
and Atlanta Air-Line Raitroafl :
Atlanta, 170 ms.
West Point, 88
Montgomery, 87
Mobile, 200
New Orleans 160
.1,612
From New York to
Washington 240 ms.
Richmond, 180
Burkeville, 53
Danville 94
Greensborough, 00
Charlotte 94
Chester 40 ros.
Atlanta Air-Line
Railroad 200
West Point 88
Montgomery, 87
Mobile, .200
New Orleans,.... 160
•d
e
■
VO
V
re
tt
II.
Id
l'!.
le
Total MM
"This showing from actual official distan-ces
will no doubt surprise a great many peo-ple
who have swallowed, without examinia-tion,
the report of the great saving of dis-tance
by the new route."
0rigmal ©uutributioits.
[For the Greensborough Patriot.]
THE MOUNTAIN TOURISTS.
PALMYRA, HAPPY VAI.I.EY-, >
June 25th, 1858. J
MESSRS. EDITORS :—No American, fired by
a proper spirit of patriotism, can willingly
pass by any spot consecrated by a praise-worthy
deed during our great Revolution.
papers along
Government at V
of this route as t
ticable one betwi
Now, sir, I am :
almost mounting
Such places ever kindle afresh in tho heart
the vestal fires of freedom. Believing thus,
we visited Fort Defiance, a place of some
celebrity in tho Yalley. This Fort was erect-ed
on a high eminence, from tho front of
which the descent HOI so steep, that it could
not then have been successfully approached.
It was a stockade-fort,—intended as a place
for rendezvous and reconnoitring. No ac-tion
ever occurred there,—no blood was ever
shed there; but still it was a work of much
importance, or at least, might have bjen, in
the cause in which our fathers were engaged.
Those gallant men, who erected it, showed
by that act, that they were willing not only
to pour out their blood, but also to expend
their treasure, for the security of their fel-low-
citizens and the glory of their country.
Nor can any patriot stand upon that spot
without feelingly recurring to the prico at
Which our liberties were purchased, without
emotions of gratitude to tho master-spirits
of those troublous times, without earnestly
praying, that the Republic of Washington—
the model Republic of the world,—may not
perish as did the Republics of Greece !
Nothing of this Fort now remains. The
place has, however, been very properly con-verted
into a family burying-ground. Once
classic, it has now become sacred soil. There
repose the ashes of tien. William Lenoir,
one of the most intrepid spirits of tho war
in that part of Carolina. Near this place
and on the same plantation is his old and
venerable mansion, which was built before
'76 and in which his son, Col. Lenoir, now
lives. The ornamental parts of tho build-ing,
we are told, were brought from Liver-pool.
This itself bespeaks its great antiqui-ty
; for it has been many years since Liv-erpool
has furnished us any such ornamental
works for the exterior of our houses.
Gen. Lenoir not only distinguished himself
as a brave soldier in the brilliant achieve-ment
on King's Mountain and in other en-gagements
; but he also won for himself the
esteem and love of all who knew him. Ho
was one of tho original Trustees of our
State University and the first President of
the Board, was once Speaker of the Senate,
and was for sixty years a Justice of the
Peaco in old Wilkcs. lie, likewise, filled
other public offices. To him tho poor and
distressed never went in vain, and from his
house the stranger and the traveler never
departed without blessing him for his kind-ness
and warm-hearted hospitality. We
called upon his son at the old family home-stead
and saw several Indian relics, which
are both curious and interesting,—a toma-hawk,
arrows of different sizes, a magic-stone
tor charming away diseases and witches,
a funny little pipe, some small stone-pots, an
instrument for pealing bark from trees, and
others which are nameless, and, for what
purpose they were made, we could not imag-ine
or conjecture. How much does North
Carolina need a Plutarch, an author who
would, truly delineate tho characters of
her great dead! With this reflection we
turned our backs upon Fort Defianco and
tho grave of tho good and distinguished
man who sleeps there. May the placo and
the virtues of that man never be forgotten I
Soon after sunrise, on the following morn-in<',
the writer was called from his room to
witness one of tho most lovely scenes he
ever beheld. North-west of Palmyra was a
small storm-cloud, and, rising from the waters
of the Yadkin which runs through tho Val-t
.
" A thing of beauty, it a joy forever."
That ovenmg, our company set out for
Blowing Rock, which is situate in the
ncr of Burke next Watanga and Caleb «
Nor did tourists ever enjoy a more Ii i .
and chai-ming evening-ride. That fhti
Rock is about nine miles from where
commenced the ascent of the Blue Ri
which is, at that point, over 4200 feet al
the level of tho sea. During tho first
miles, we were delighted by tho rippling
ody of tho Yadkin, which was. at one
ment, rushing across the road, then on nr
right, tlicn on our left. By and by,
dashing? and mnrmnrings of the water- I
lost amid the deep gorges of the mono
'Tis well it was so; for.our eyes were ;>c
ning to enjoy such a feast of rare and va
beauties, that tho music of the stream w
soon have been neglected. Each side of |t.
road, as it wound up the Ridge, began t.'- IKS
lined with white and pink laurels, pui .
ivy, rich wild-flowers of almost every
clumps of trees for which we knew no n:
and, far in the distance, on both hands, t- u
ered up grand and imposing mountains, to
one will ever regret that he has traveled 1»i.
way. There is too much there to charm lid
enrapture'.
Our object in going up the Ridge at t^it
time of day was two-fold,—to have a | >\ 1 -
ant ride and to see the sun set. The laH r
we well nigh missed, for there were so mff
beauties along tho road to talk about ai.
gather, that we quite forgot this p.irtk ir
object of our visit, until the last linge I g
rays of tho sun on the clouds reminded
that ho would quickly disappear behind -to
hills of the West. Almost at that very i ».
ment, an accommodating sign-board a
large tree to the left of the mad pointed
a small, crooked foot-path that leads to e
Rock, which is near a quarter of a mile
We all instantly dismounted, droppe d cvl j
thing and ran without stopping to pantC
rest, until we reached the huge Blowing B <|
There, we enjoj-ed a fine, delicious ///-/..
So tired were we, that wo Stretched ^n--
sclves out upon the Rock, and cooled, mi
rested, and bathed, as it were, in tho st > »
and refreshing stream of air, which Was in*
ing up from the awfully deep valley I
over that large rock, and from which it
gotten the name it now bears,—tho Bio* j
Rock. And the sun set was gloriou-l *
a resplendent scene is seldom ever witne i ■!'.
Beneath us was a doep, wide and Wtdly
beautiful ravino of forest trees of all f :■■■*
and kinds, interspersed here and there
rich mountain-meadows ; before us, a so
mountains arose in disorderly and font
grandeur, until the tops of the highest ',,!-.•
hid in the clouds, and swept away I r tcitlu?
South-west and North-west forming a liini
circle cf vast extent; and just after we ki: !
sun-eyed all this, tho sun burst, in gcWen
and purple beauty and gorgeousness, thr<*;:U
a dark cloud, which had before Diitirely™ ' -
scared it. Thrilling and. Imposing ITMJ
scene, then, spread out before our ej
But, anon, the BUII was again cntitvlv
Our hearts began to sink, for we tii< 't
the sight was lost to us forever. But,i •'.-
ly, the writer, who first observed it, ex i ;i- i-ed
with rapture indescribable: "O! .. .
look, what a lustrous, splendid ■tarfSThe
sun had just burst through the pitchy * l:n k
cloud and formed a largeran dmore daxs$t|; v
brilliant star than ever peeped throti; the
blue-sky of night. Nothing could ha\ -"r
passed the magnificence of the scene, I oth-
,-^.t,.
1
*, I.
nee,
king
:g..|
dor.
intend "if I po-- J .
public opinion «£ to what is really and truly
the nearest and ■Aost direct of till the routes
which have or '.-in be proposed between the
North and Soul!:. And that this article may ley, was a brilliant rainbow, that gracefully
not be prolonged!, I shall proceed to the com- spanned tho sky. All the scene around was
scription of '8800,000. The public With is
likewise pledged to endorse the bonds ot the
Wilmington, Charlotte & Kutl'ui;!0|;d *';"'-
road Company to an amount ot 8200,000
upon the completion of each section ot Lo
miles of said road. This endorsement is
protected by a mortgage.
The Treasury is also indebted to some oi
From New-York -o I |("nnttanoopa 38 ms.
Washington ^»° ms. Grand Junction,. .257
180
..o.;
..71
204
ISO
Richmond.
Ilnrkcvillc,.. .
Lynchburg,
Bristol,
Knoxvillc,
DttUon,
Total. .
T
Water Valley, 78
Goodman's Station,.'.'-*
South Division of Mis-sissippi
Con. R. R.,.25
New Orleans, 208
!!U 1,032
and in the North-west was the "arch sub-lime"
which we have just mentioned. It is
unusual to see a rainbow so early in the
day, especially, with such splendid surround-ings;
nor is it so beautiful at any other time.
Like earth-born pleasures, it soon faded and
ing, nothing; nor shall any ever, purcl
have the inexpressible delight of lo
upon its like again. And, then, the Ki
day went down in his wonted spl
Never before did tho writer so fully :.%\• ••-
ciate these inimitable lines of Lord Ryrji:—
"When the l»"t sunshine of expiring day '
In summer's twilight weeps itself away, ■
Who hath not felt the softencss of the hour
Sink on the heart, as "lew along the flower?
With a pure feoling which abaorbr and awes
While nature makes that melancholy pauw.
Her breathing; moment on tho bridge wlw 1 uur
Of light and darkness forma an arch sabUsai .
Who hath not shared that calm, so si ill and i
Thevoicelessthotight which would not speak I '' »*. ;•,
A holy ooncord,—and a bright rcgrci »
A glorious sympathy with suns that set." Jt
As the darkness of night was rapidly
coining on, wo relunctantly tore oulafjwa
from the spot where we had a few ntslueut*
before drunk in such pure and deep dimBgbta
of pleasure, and betook ourselves to oiB aOl -
es and servant on the road-side, 'liieiu ••
wo hastened on to the boaeeof M r 1». at
the top of the Blue Ridge. His is, deed.
a lofty and airy home. We were coi dera*
bly chilled by the time we reached hi- ii rat It*
ling and glowing fire. He is a plal. , un-pretending,
kind-hearted mountains *. vrh<i
knows but little else than Itindneaa un thai
he lives on tho Blue Ridge; but hihad a
bothersome old customer there that n la i
the shape of a tall, lean, long-nosed, In for*
tiring braggadocio. He evidently t|
himself a little grain wiser than S~on, .
ever was; but to us he appeared tj
less manners than a bear and loM
than the long-eared animals, that are
erous in this up country. He int
himself to Uncle Jacques by this !;
" Are you obleeged to wear specks '!"
sj»onsc to which Uncle Jacques wink»-l, and,
putting his thumb to his no.-c, like il- ■ liui.«
boys, shook his fingers at him. ., red ••:'
Uncle Jacques, he turned to our yaptatn
with a " Wall I guess I ought to ki
what mint be your name?" And I
before he got an answer, he InquirSd wsrj
sonorously after the Treasurer and til- Jour-nalist;
and that night he entertaie I i^
with a chunk of a funeral scrmcu Im the
Know Nothings, a discourse on NWOataV/,
craps, wild varments and feOerS, andlwotind
up by saying, that if wo were goingMuit t»
Harper's View, through the dark, h> COuM
not go with us,—the very thing we d d n
want him to do, for we were hi-a-til tin I
of him. Nor did we again hear from that,
as Uncle Jacques called him, '
CWAnner. Our host told us that he oblfg
ed to keep a fire in his house ever Ji ht ol
the entire year,—the nights are SO \ J eot L.
nti !
I bat•••
*xlu M
ii'im-iu<
!
luiry :
In i.-
.r r kptala
;inl. you,
lid \ illi'- '
How delighted, if we could have, n
Carolina, his cool nights in DXchangi for our
sultry ones!
His little son told us that ho had i at day
i