608 



NORTH CAROLINA. 



of bonds issued for various purposes and at 

 various times before, during, and after the 

 late civil war and is at present nearly $42,- 

 000,000, including the interest accrued and 

 unpaid, on the principal. A comprehensive 

 summary exhibiting the amounts of the sev- 

 eral issues of State bonds, and the interest due 

 on them respectively on October 1, 1876, is 

 thus officially presented : 



The bonded debt of the State on October 1, 



of votes cast for any individual candidate on 

 the State ticket was for the Democratic nomi- 

 nee of Secretary of State, 124,010, giving him 

 a majority of 15,096 over his Republican com- 

 petitor. 



From the official count of the votes on pres- 

 idential electors, it appears that the average 

 majority cast for the Democratic nominees 

 over the Republican was something above 16,- 



000 ; the average number of votes cast for the 



former having been 122,354; for the latter, B war, called "o.d 



106,248. bonds" .................................. $8,872,90000 



With regard to the election of members of Interest unpaid on same ..................... 4,003,777 50 



the State Legislature, the Strength of the two Total, principal and Interest ........ $1'A376,677 50 



parties in either House is as follows : Senate Bonds issued since the war, underacts passed 



T)pmnr>rflt<4 W Rpnnblirans 10 House of Ren- before the war ............................ $1,781,00000 



Democrats dy, Kepuoiicans c riep- i nteres t unpaid on same... 807 IM> oo 

 resentatives Democrats 82, Republicans 33. 



All of the proposed amendments to the State _ . T . ota1 ' principal and interest ........... $2,588,180 oo 



... , . r r 1 ... j , , i i , . Bonds issued since the war, under ordinance 



constitution submitted to the people were rati- nnd act8 passed since the war, not special 



fied. They will begin to go into practical op- tax ..................................... $2,015,04500 



eration on January 1, 1 877. Intere8t ***** on 8ame ..................... _ 



As to the election of Congressman in the $2,936,172 95 



fourth district, the Republican candidate, Isaac This . cla88 embraces the following issues : wij- 



T v r . , , -i ntr mington, (. harlotte & Rutherford liailrond, 



J. Young, was successful by a majority of 77 issued during the war, under acts passed be- 



VOteS OVer Joseph J. Davies, the Democratic fore the war, and renewed by acts of 1S62 



nominee -the former having received 4,407 Ee ^S certificates of BoaVd of kducaiion:: ^82 8 



votes, the latter 4,330. In that district in 1872 Chatham Railroad, ordinances oonvention ..... 1.033.000 00 



the Republican majority for Governor was 525. jf^fantfo? & Tarboro K ailr a d ..... 



The members of the new General Assembly '" __ ll!!. _ 



met for the regular session at Raleigh on No- Total, principal and interest ........... $2,015,04500 



vember 20, 1876. In the Senate, James L. Bonds^ssued^nderfunding acts ofi666-'68, 



Robinson, of Mason, Democrat, was elected Funding act of 1866 ......................... $2.417,20000 



President, he having received 35 votes, and interest unpaid on same ..................... i,iw.7E8 



George Green, of Craven, his Republican com- Total, principal and interest ........... $8,574,993 oo 



petitor, 6. Mr. Robinson presides in the Sen- . 



ate till the beginning of January, 1877, when, in SSSf^Jg on 6 L; e ::.7.V::.V.Y.V.V.V "i "ffisS oo 



accordance with the new constitution, Thomas 



J. Jarvis, the new Lieutenant-Governor-elect, Tota1 ' principal and interest ........... $2,522,152 oo 



will be qualified, and assume the presidency of Total for funding ................ _____ $6,097,145 co 



that body ex offido Bonds issued during the war. under acts passed 



In the House of Representatives, Charles ^j%&% go!, TClham 



Price, of Davie, Democrat, was elected Speak- Railroad, issued under ordinance of conven- 



pr bv s\ vntp nf fifi no-ninet 9,7 past- for Dsinipl tion, January 80, 1862 ..................... $951,00000 



-uamei Ij)terest unpai on game ..................... 592 986 00 



L. Russell, of Brunswick, Republican. 



The financial condition of the State, in regard Tota1 ' principal and interest ............ $1,543,955 oo 



to revenue and expenditure for the year ending Speclal tex bonds ........................... $11,407,000 oo 



September 30, 1876, was as follows : Interest unpaid on same ..................... 4,897,77000 



Balance in hands of State Treasurer, October Total, principal and interest ......... '. . $16,304,770 00 



1.1875: Total debt, including interest, exclusive of 



Educational fund ........................... $14.039 78 special tax ................................ 25,P42,160 45 



. Public fund ................................ 184.703 11J 



--- Total debt, with interest, .including " special- 



$198,742 S9J tax" bonds ............................... $41,846,930 45 



Receipts of educational fund for fiscal year aon A \^r tVio T on-ielafnrA nf 



ending September 30, 1876 ............ ... $42,235 59 An act was P assed bv tne . Le g lsJ 



Receipts of public fund for fiscal year ending 1874-'75 proposing a compromise of the State 



September so, 1876 ....................... _624,03!M7f debt, and specifying the manner in which it 



$566,274 76f should be effected ; but its provisions have 



- not been carried into execution, as only a few 



Disbursement of educational fund for fiscal ' among the creditors signified their willingness 



year ending September so. 1S76 ............ $54,70793 to accept the proposed compromise, and the 



Disbursement of public fund for fiscal year hrvnrlq ~ht>\(\ hv thptn represent SO small a POr- 



ending September 30, 1876. . . 528,055 22 "Onus neid Dy tneii 



__ tion of the debt that it was deemed unadvis- 



> . , ^ , f ~ rr $582,76315 a bl e to incur the expense of issuing new bonds, 



jjeaving in hands of State Treasurer, Octo- j , . 11 +r + n ^nWcv 



tober 1,1876: and laying a special tax on all the taxaoK 



Educational fund ............................ $1.567 44 property in the State for the purpose of pay- 



pubMc tttaA ................... 180 ' 687 7 ing the interest on such a small amount. 



The public debt of North Carolina consists The Governor urged on the Legislature the 



