2. Cape Fear Navigation Company; 3. The Roanoke Navigation Company; 4. The tax on retailers of spiritous liquors, tavern tax, and auctioneers; 5. Vacant lands; 6. All sales of swamp lands. The county courts appoint ten superintendents for each county, who select for each district the school committee men, who contract for a teacher, visit the schools, and "perform all such duties as may be necessary to the successful operation of said schools." The teachers of said schools to be exempt from working roads, military duties, or serving on juries while engaged in said schools. By act of 1849, the board of superintendents appoint the three school committee men; and the court authorized to appoint on recommendation of the board of superintendents "some suitable and competent person to visit once a year each and every school district, to examine the condition of the schools and report the same. About one hundred thousand dollars a year is appropriated by the Literary Board, which is distributed to each county, to the Chairman of the Board, and by him paid to each teacher. That this plan contains the germ of immense usefulness, is true. The defects to be remedied, and the system perfected, have engaged the attention of the General Assembly. The patriotic efforts of the Hon. Wm. B. Shepard; Mr. Wiley, of Guilford; Samuel J. Person, of Moore; Mr. Barnes, of Northampton; and others in the last legislature, will, we trust, be appreciated and crowned with success. Present Literary Board--WESLEY JONES, Wake County; W. W. HOLDEN, Raleigh; H. G. SPRUILL, Washington County. CHAPTER IX. Banks of North Carolina-Railroads-Canals-Turnpike and plank roadsInstitution for Deaf and Dumb-State Hospital for Insane. 1. BANK OF CAPE FEAR was incorporated in 1804, with a capital of two hundred and fifty thousand dollars. The Mother Bank is located at Wilmington. Charter was continued, and capital increased by various enactments to one million and a half. The act of 1850 further increased its capital five thousand shares. Charter expires Jan. 1, 1860. The State owns 5,322 shares of stock. OFFICERS, BRANCHES, AND AGENCIES. Principal Bank at Wilmington.-Thomas H. Wright, President; Henry R. Savage, Cashier; J. D. Gardner, Teller; McLaurin, Ass't Teller; J. A. Bradley, Book-keeper; T. H. Hardin, Clerk. Branch at Washington.-John Myers, President; Benj. Runyon, Cashier; T. H. Hardenbergh, Teller. Branch at Salisbury.-D. A. Davis, Cashier. Branch at Salem.-J. G. Lash, Cashier. Branch at Fayetteville.-Charles T. Haigh, President; John W. Wright, Cashier; W. J. Anderson, Teller; Joshua Carman, Clerk; Alexander MeLean, Clerk. Branch at Raleigh.-W. H. Jones, Cashier; F. C. Hill, Clerk. Branch at Greensboro'.-Jesse H. Lindsay, Cashier. 2. BANK OF THE STATE OF NORTH CAROLINA, incorporated in 1833. Raleigh. Capital, one million five hundred thousand dollars, of which the State owns five thousand shares. OFFICERS, BRANCHES, AND AGENCIES. Principal Bank at Raleigh.-George W. Mordecai, President; C. Dewey, Cashier; S. W. Whiting, Teller; D. Du Pré, Book-keeper; T. W. Dewey, Clerk. Fayetteville Branch.-C. P. Mallett, President; I. Wetmore, Cashier; W. Warden, Teller; W. Huske, Clerk. Wilmington Branch.-E. P. Hall, President; W. E. Anderson, Cashier; William Reston, Teller; J. J. Lippitt, Clerk. Newbern Branch.-George S. Attmore, President; J. M. Roberts, Cashier; H. C. Lucas, Teller. Tarborough Branch.-James Weddell, President; P. P. Lawrence, Cashier; R. Chapman, Teller. Elizabeth City Branch.-W. B. Shepard, President; J. C. Ehringhaus, Cashier; W. C. Butler, Teller. Branch at Charlotte.-John Irvin, President; W. A. Lucas, Cashier; W. A. Williams, Clerk. Morganton Branch.-Robert C. Pearson, President; Isaac T. Avery, Cashier. Milton Branch.-Samuel Watkins, President; W. R. Hill, Cashier. 3. MERCHANTS' BANK OF NEWBERN, incorporated in 1834, with a capital of three hundred thousand dollars. Charles Slover, President; W. W. Clark, Cashier; Joseph Fulford, Teller. 4. COMMERCIAL BANK AT WILMINGTON, incorporated in 1847, with a capital of three hundred thousand dollars. Increased in 1850, fifty thousand dollars. O. G. Parsley, President; Timothy Savage, Jr., Cashier; John McRae, Teller. 5. BANK OF FAYETTEVILLE, incorporated January, 1849, with a capital of eight hundred thousand dollars. John D. Starr, President; W. J. Broadfoot, Cashier; Harvey Leite, Teller. 6. BANK OF WASHINGTON, Beaufort County, incorporated in 1850, with a capital of four hundred thousand dollars. Charter expires in 1877. James E. Hoyt, President; Martin Stevenson, Cashier. 7. BANK OF WADESBORO', Anson County, incorporated in 1850, with a capital of two hundred thousand dollars. Charter expires in 1880. W. R. Leak, President; H. B. Hammond, Cashier. INTERNAL IMPROVEMENTS OF NORTH CAROLINA. In 1825, a Board of Internal Improvements was established, and the funds arising from the sales of Cherokee lands and dividends from stock owned by the State in the Bank of Cape Fear, set apart as the fund. (See Revised Statutes, p. 347.) Present Internal Improvement Board-CALVIN GRAVES, of Caswell; THOMAS BRAGG, of Northampton. 1. The Dismal Swamp Canal, uniting the waters of Pasquotank and Elizabeth Rivers in Virginia, was incorporated in 1790. 2. Cape Fear Navigation Company, incorporated in 1796, to improve the navigation of the Cape Fear River, from Averysborough to the confluence of the Deep and Haw Rivers, the sum of $100,000, to be subscribed in shares of one hundred dollars each; the State subscribed six hundred and fifty shares of stock. 3. Roanoake Navigation Company, incorporated in 1812, improving the navigation from Halifax to the Virginia line. The State owns $50,000 in the stock of this Company. 4. The Clubfoot and Harlow Creek Canal was incorporated in 1826; in which the State holds thirty shares. 5. The Cape Fear and Deep River Navigation Company was incorporated in 1849, in which the State subscribed $40,000. 6. Neuse River Navigation Company, incorporated in 1850. State subscribes $40,000. 1. The Raleigh and Gaston Railroad, from Raleigh to Gaston, on Roanoke River, was incorporated in 1835. This road was finished July 4th, 1839, at a cost of about $1,600,000. The State endorsed the bonds of this road in 1838, to the amount of $500,000; and in 1840, $300,000; for which she is liable, and has already in part paid; the road being mortgaged to save the State harmless, has been sold under the mortgage, and has been purchased by the State. George W. Mordecai, President. 2. The Raleigh and Wilmington Railroad, from the Roanoke River to Wilmington, was incorporated in 1833. The Company was organized in March, 1836. This work was commenced in Oct., 1836, and finished in March, 1840, at a cost of $1,500,000. Six hundred thousand were subscribed in the stock by the State; and by act of 1840, the State endorsed the bonds of this Company for $300,000, a part of which she has paid. The repairs of the road in 1850, increased the cost to another million. Gen. McRae, President. 3. The North Carolina Railroad, from the Wilmington and Raleigh Railroad in Wayne County, to Charlotte, was incorporated in 1848, in which, on $1,000,000 being subscribed by individual subscribers, $2,000,000 is to be subscribed by the State. This road is now in progress. Hon. J. M. Morehead, President. 1. Buncombe Turnpike, from the Saluda Gap by way of Asheville to the Tennessee line, was incorporated in 1824; capital stock to be $30,000 in shares of fifty dollars each; the State owns one hundred shares. The Company was organized in 1826; the first tollgate was erected in Oct., 1827. 2. The Fayetteville and Western Plank Road, from Fayetteville to Salisbury, was incorporated in 1848. Stock, $200,000, in shares of fifty dollars each. State subscribes one-fifth. 3. The Turnpike Road, from Salisbury west to the Georgia line, was incorporated in 1848, and the lands in the State, in Cherokee, Macon, and Haywood, as well as the Cherokee bonds, are pledged to make the same. INSTITUTION FOR THE DEAF AND DUMB was created, by act of 1847, in the City of Raleigh, and the sum of $30,000 was appropriated. It is a beautiful building, and under the care of William D. Cooke, as Principal, and a Board of Directors consisting of Perrin Busbee, Linn B. Sanders, John H. Bryan, Thomas J. Lemay, W. W. Holden, James F. Jordan, and Dr. Charles E. Johnson. It has twenty-seven pupils, who are employed in acquiring knowledge and the mechanic arts. They have a printing press, and publish weekly a newspaper, called the Deaf Mute. The annual expense of each pupil is about one hundred and eighty-three dollars. The Principal has a salary of twelve hundred dollars. A Committee of the last Legislature reported (through its chairman, J. H. Haughton) that "after a very strict and careful investigation of the affairs of the institution, they are fully impressed with the belief, that it has been managed with economy, judgment, and fidelity, by the Board of Directors, and they have every reason to believe that under their administration, judging from the past, the institution will flourish, and will be the means of untold blessings to that unfortunate class of our population for whose benefit it was established; and they hope that the institution may long remain as a monument of the wisdom and munificence of the Legislature of North Carolina." STATE HOSPITAL FOR THE INSANE was incorporated in 1849, and John M. Morehead, Calvin Graves, George W. Mordecai, Charles L. Hinton, and Josiah O. Watson, appointed commissioners to purchase and select a site for the same. The commissioners have selected "Dix's Hill," near Raleigh, and a tax of one and threefourths of a cent is levied on every hundred dollars worth of land, and five and one-quarter of a cent on every poll, to sustain said Institute. CHAPTER X. Resources of the State, her liabilities, and her expenses. THE PUBLIC TREASURY of North Carolina is divided into- II. Literary Fund. The public fund is supplied I. From taxes collected by the sheriffs annually from the people, and paid into the treasury, which is levied on land and town property, poll (white and black), money at interest, dividends and profits, stores, carriages, watches, and other property, bank tax, attorneys, licenses, dividends of Buncombe Turnpike Company, and some other sources, which amounted last year to $179,768. The literary fund is supplied II. By the sales of vacant and swamp lands in the State, taxes on taverns, dividends on stock held by the State in the Bank of the State and Bank of Cape Fear, dividends on the stock held by the State in the Roanoake Navigation Company, and in the Cape Fear Navigation Company, tax on auctioneers, interest on bonds held by the board; which amounted last year to $112,316. THE ANNUAL EXPENSES OF THE STATE. From the public fund for judiciary about . Executive Principal and interest on bonds of Raleigh and Gaston And other demands which amounted last year (1850) to 10,000 00 70,000 00 228,173 00 schools 107,339 00 State Bonds for Fayetteville and Western Turnpike Company 120,000 00 State Bonds for Neuse and Tar Rivers State Bonds for Cape Fear and Deep Rivers State Bonds for North Carolina Railroad Here end the Second Series of these Sketches, and the first volume. 65,000 00 80,000 00 2,000,000 00 $3,071,000 00 END OF VOL. I. |