North Carolina Rail Plan Faces Private Road Pressure
A state debate questions selling a rail line from Salisbury to Paint Rock to private interests. Critics warn against giving away property and burdening future generations with debt while insiders seek to route 140 miles elsewhere and control western trade through northern lines. The speaker urges caution, warning of lifelong taxes and lost state profits.
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Debates on Railroad Route and Federal Debt Report
A fragmented note discusses a Great Southern Pacific Trailroad proposal, state tax implications, and potential future offers to relieve taxation. It also cites a Washington report predicting February customs receipts near 17 million dollars, internal revenue around 9 million, and a Treasury surplus possibly about 7 million after bond purchases for the sinking fund, with debt statements to follow.
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