brooklyn life insurance company issues policies of all kinds life and endowment absolutely no restriction upon travel or residence dividends p\lfi wm'ally l cash all policies positively non-forfeitable part of itie premium loaned and no loan or premium note is a lien or claim on the policy in case of death connecticut mutual life insurance company oi hartford conn statement dec 31 1867 accumulated assets 17,670,288,88 income for 1s67 7,726,516,53 — * fou premiums 6,332,804,95 for interest fl 39 3 711 58 losses paid ix 1867 l268,75818 dividends paid in 1867 $ 64 3,005,00 interest received more than pays lusse-s dividends average over 50 per cent ail policies non-forfeitable for a stated amount 1 for our governmen the old constitution with its various amendments for governor thomas s ashe of anson for lieutenant governor edward p hall of new hanover for secretary of slate robert w best of greene for treasurer kemp p battle of wake for auditor y s w burgix of buncombe for supt of public instruction rev braxton craven of randolph *■-» l the old north state tri-weekly j i3=kates of subsckiptiox jd teritis cash in advance tri weekly one year j5.00 "* bis months 3.00 weexi t watchmah ass sobth staij one copy one year 3.00 six mouths 1.50 a cross x on the paper indicates tlie expiration of i tlie subscription the type 11 which the " oli north state is printed is entirely new no paiuswill be spared to make it a welcome visitor to every family in order to do this we have engaged the services'of able and accomplished literarv contributors advertising rates transient kates for all periods less than one month one square first insertion 1.00 each subsequent insertion 50 contract rates for periods of one to font months 1 mo i 2 mo i 3 mo i 4 mo i 6 mo 1 square 5.00 8 50 12.00 5.00 20 00 2 squares 7.50 13 00 17.00 21,00 27,00 3 squares 10.00 16.00 21.00 26.00 3 400 4 squares 12.00 18.00 23.00 28 00 3 700 quar col 13.00 19.00 24.00 29.00 3 s50 ; half cot 20.00 27.00 33.00 38 00 44 00 i 3 quak col 25.00 33.00 j 40 00 45 00 50 00 one col 30.00 42.00 i 52 00 60.00 70.00 | from the raleigh sentinel thoughts for the people no 2 mnst be paid 1st of january 1869 in ca*-h 8*97,000 the debt dated since the war is 5,011,500 the convention author i2ed 3,050,000 more in ail 8,061 500 to this add interest fundable into new bonds under the ordinance as follows : interest authorized to be funded by the act of march 20 1s6g not yet presented estimat ed 8500,000 interest on bonds dated be fore the war accruing since 1888 1.008,500 interest on bonds dated siuec the war 940,500 82.509,000 and new bonds 8,061,000 810,570,000 add bonds dated before the war 8,900,500 total on which interest is to be paid july 1st 1sg9 819.476,500 or one million one hundred and sixty-eight thousand dollars annually of this 8584,000 is to be paid 1st july 1869 in addition to the 8267,000 payable 1st jan uary next in other words tlie people must raise by taxation to pay interest on the public debt out of thernext crop 851,000 in tlie aboves estimate we include i important ffieeft whose batariw trill i ot be less than 3*5.000 in addition to tl heretofore in qm besides from tlie example po by convention in having n?e!ess officers in their pay such as sergeant-at-ar m | reporter and from their liberality • the public moneys to iheroselvf and ers it seems clear that all salaries • on a larger scale than heretofore il safe to say at least one-third more 3 penitentiary the general assembly is motrin •«] | build a penitentiary this will cost least 250,000 not less than % will be spent the first year l'roh il ly a superintendent with a salary will be ai - pointed 4 schools it is enjoined ou the general a.-semb j at their first session to provide by * na tion and otherwise for a general and form system of public schools when in tuition shall be free of charpe to all children ofall colors ofthe state betw en the ages of c and 21 there are about 200,000 children the state white and colored between the aforesaid ages it is impossible that the tax for this purpose can be less than 500 - 000 for white children only before the war the literary board distributed 8175 000 the counties raising the same amor * in all 340,000 5 university t/fler the second year o phis company offer peculiar advanta ges io the southern pooplo it is the most liberal company in the united states its rates being lower than those of other oomna office no ui broadway new vork city wive m cole secretary christian 1 vu bovce fres information gladly furnished in detail by a w lawrence of raleigh geu'l agt for the state of n carolina v c coruhrnour agent mar 3 — w&lwly salisbury n c thi arlington mutual fift jnsnranre qlouipant assurance can be effected in all forms desired ' saml douglas wait general agent raleigh n.c a philips agent charlotte n c mar 3-w«fctwtf for life insurance only pied m oki real estate i.\si rwce coup am oi virginia authorized capital one million dollars ■ . officers ttt c carrington president jl j hojtfbllns secretarej oi ii pekrow u d med advisor this liberal and solvent southern company pays to its policy holders annually s7 per cent of its profits it proposes to aid its patrons by taking notes for one half of the premium it allows ts patrons to pay all cash if desired it invites its patrons to attend its annual set tlements and see their rights protected it ahow its patrons to change their policies from one place to another its policy holders are not restricted as to tra vel or residence it offers the following certificate as to its sol for attorney general sion ll rogers of wake conservative state judicial ticket supreme court judges richmond m pearson of yadkin william ii battle of orange edwin ci reade of person math i as e manly of cr»vc a 8 merrimon of buncombe superior court first district david a barnes of hertford second district edward j warren of beaufort third district george \ . strong of wayne fourth district william s deyane of ne'v hanover 7*m'/v7 n*a./..,*„j taxation ! taxation ! ! under tnk new constiution ! ! ! to the people of north carolina : the poverty of our people is in every one's mouth the statements of our poverty have not been exag gerated no question theretofore is more important tons than that of taxation in our condition it is one ! i of the highest interest we then-fore desire that when the j people vote on tho now con-mi'iuni-n \ iky may understand what burdenc i they are assuming we have there fore made a careful estimate of the money necessary to be raised within the next twelve months if the con stitution goes into operation the estimate cannot be disputed being calculated from official data 1 interest on the public debt : the new declaration of rights de clares that the pnbiic debt regular ly contracted before and since the re bellion shall be inviolate in article v sec 4 it is provided that the general assembly shall by appropri ate legislation and by adequate taxa , tion provide for the prompt and reg ular payment of the interest on the public debt and after 1880 it shall levy a specific annual tax upon the tbe 1,000,000 guarantied by the convention for the wilmington charlotte and rutherford railroad company as tbat company is not able and has not been since the war to pay the interest on its debt the tax levied under tlie revenue act of february 26 1s67 yields ah mt 270,000 so that for tbe item of in terest only more than three times the present tax must be added to the lev ies — that is where a man paid 51 last year he must pay 1 thisyear this | is on the suppo-ioori mat tire e.\peu % ses of tlie proposed state governmet will not be greatea than heietofore — this is far from being the case a little consideration will show that the expenses of administering the govern ment under the new constitution will be beyond measure greater than has ever been known in north carolina prudent men will stand aghast at the result it a\ill be seen that where a tax-payer paid 1 last year lie will bave to pay at least 8 teixes to paij t/te expenses of the convention the expenses we learn from tlie pub lic treasurer already paid are 77 165 the charges for printing the constitution and other printing 1 «. j . r.«,a tl.,a it is enjoined on the general asset . bly to provide that the benefits of tha university be extended to the youth i f the state ofall colors free of thai ge ' h course this will require an appropria certainly 25,000 h a moderate bum for the purpose 6 insane blind deaf and p-tnib the general assembly is required provide that all insane deaf du ' blind shall be supported by the state — heretofore the state ouly supported tl white po of these afllioted classes this throng on the state the port or me ricn as ven as tne poor col<*r ed aa well as white which will c st ..: least 50,000 more and the estimate :* verv small f 7 militia sec 2 art xii declares that the general assembly sh 1 provide for tie organization arming equipping and di ciplming the militia and for paying same when called into actual service ex-provisional governor llolden in a late editorial in the standard paid that when ihe blue coats shall be withdrawn from the state the state militia organiz ed on a loyal basis : i e black and wh . will take their place he has * en praised the policy of gov brownlow of tennessee whose militia cost last -\ about 8300,000 the standard of mi 19th savs we must sit at the feel t of virginia a virginia and southern institution its funds are hd.pt in the south it has met with unprecedented success its fortunes arc established beyond any contingency tli onnuiiv lias capital ami assets nun hist its 1 liu ih.it will compare favorably with anv life lusunutcc < onipany on the continent which is the true t.'st if responsibility it-ailans art cautiously administered by selected directors .*! resjinusiijility and business capacity it has established its claim to southern patronage ofhceps p b ks i 1 k n t , john k edwards virv i-fiksii»knt becretaby wm b isaacs 1 j hautsook sfktocal ex amixkli charles h smith u 1 veney nm-tm court iiofsk ta ( march 25 1867 s the undersigned officers of the county of nelson and state of virginia take pleasure in recommending as a solvent and reliable compa ny the piedmont real estate insurance com pany " of this county and besides the merit of its solvency its rates and terms tbr life insur ance are such as to commend it to pubiie pat ronage its stockholders directors and officers are men of high integrity and patrons can rely on an honorable efficient management of its affairs none of us have stock or personal interest in this company and simply give this as disinter ested testimony to the merits of a stood institu tion geo s stevkns clerk circuit court john f hix sheriff wm a hill surveyor b ij lovin clerk county court g a bingham <_■. co agents salisbury we also have the agency for good fire com panies traveling agents wanted apply to capt james f jouxsox special agent charlotte n c _ jan 7 180s w&twly tbe equitable life imm r ijut jjisirici b p buxton of granville seventh district thomas ruff1n j k . of alamance eiqth district fran cis e shober of rowan ninth district william m shipp of lincoln tenth district anderson mitchell of iredell eleventh district john l bailey of k unco m be twelfth district a t davidson of macon for rent real and personal property of the state and the sum thus realized shall be set apart as a sinking fund to be j devoted to the payment of the public debt it thus appears that if the people ratify tlie constitution they express ly command the general assembly to commence promptly the payment of the interest on the public debt by taxation the convention was not satisfied with this constitutional provision — they framed an ordinance directing how the interest shall be paid it is provided that tlie first general as sembly under the constitution shall pay in cash on the 1st of january 1869 the nterest on the bonds dated before may 20th 1861 2d all interest due before the 1st of january 1869 and interest on bonds dated since the war and before ! the 1st of july 1s69 shall be funded ! into new bonds and 3d the interest on all the debtdne 1st of july 1sg9 must be paid in j cash charges are not yet presenteu ine sum total will be more than 80,000 to meet this the convention has lev ied a special tax of live cents on the 100 value of land on the valuation of 1860 and on all personal property in the state this taxes everything — stock fanning utensils provisions cfcc c down to milch cows and chickens and bahies cradles 1 expenses of general assembly the general assembly must meet within 15 days after the acceptance of the constitution by congress 1 hey will of course vote themselves s per day one third more than has been usual heretofore the assembly uf 1sc6-7 cost 58,000 as the convention with 120 members cost 80,000 each member costing on an average s666 the general assembly with 170 members if they sit no longer will cost 8107.000 they will sit much longer as they will have more bushier to do the new constitution totally changes our laws and will call for a great deal of unusual legislation 2 setlaries of thc officers ir _ o 1 . — u nfajitii/1 tlinn t w i ____ — -_ brownlow as paul sat at the feet of gam aliel if llolden be elected of coarse he will carry out the same policy r.nd we cannot expect our state to pay less tban tennessee we set down not lea r 300,o00 for the militia white and co r ed to recajiitulate : increase of expenses ofthe proposed state government ov ; former years : 1 ch neral assembly at least . . b50.0i 2 new offices and increase of salaries 60,000 3 penitentiary 50 4 common schools 500,600 5 university 85,0 6 asylums 50 7 militia 300,01 985,000 now add the interest on the pnblie deb and we have a grand total ot si 836,0 rn.jie than has heretofore ber-n required support the tate government ah said before where a tax payer wa.-t taxed sl last year he will under the pro posed constitution pay 88 to this inu be added all county and city taxes county taxes i'l _ «— • ._-"! _ l i.roal i>msklt cenkbal aivkm 11 u.cabkll jfxq u ( la1jmjr5e directors j.hii k.nd«»r ifenrj k kllvsou william v tat-lor asa snvder samuel s (. jt'trdl m is p baskerville john doolev saimu'l (.'. tardv charles t wortliam jcorj jacobs william willis jr j w allison i a .. smith oeorjje s palmer turn i kvauw a is choi-klev jiune-i a ui ii c cabell * ''• m „ qiiarie d j haru-ook ? '■• al v!er - julinc williams j . k kdward william i tajlor a y.btokm a p abelt ' a b morton we.ll isaacs u dl i7 * ■ (: -° r l - kidffood w illiam h pamw samaal m price lewis c iiaxes v t . ! anl7 iwkwtf lexixotox x c jvtafihj erxuted at this office society of ihe united states no 92 broadway new york cash a suet 6,000,000 amraal dash income 3-500,00*8 \ sum assured dnring 1607 45.23*3,460 ! n'umber of polieie issued iu one ve 10.405 : all profits divided among the fohcv nol iters an nually dividend february 1st 1867 cash valne 1610 315 the largest mutual life insurance company in the world issues policies on a simple life from 250 toi s25.0i.mi s nye hutchison 6c co ao'ts xo 1 cowan's brick bow salisbury n c whoarea!»o agents for ax of the best fire insurance companies in tbe unite-d states march 4 l*0e tw-iwlm the house and lot formerly own j ed by thomas johnson within one quarter of a mile of town there are fom acres ofl land two aeres of vl-idi is well set in clo 1 yer with a comfortable residence contain ing four good rooms also all necessary out-houses there is on the premises an ex 1 cellent well and a tine orchard of 200 trees of well selected fruit 1 for farther particulars apply at the office "•_, , ,„ f h.«#b4 j feb 18 1868 <,*.-_- r | bankruptcy n\e have just received a complete assort i ment of approved blanks in bankruptcy aad are prepared to attend to cases in bankruptcy before the registers and the district court um ted states boyden ft bailey solicitors in baiiki ur.tcv march 3 186a f tu'*u it must be noticed here that inter | nal improvement bonds issued dur i ine the war although under acts j passed before the war atid used for ! bitilding our railroads not for war j purposes amounting to 1,053,000 j are totally ignored by tbis ordinance j this is peculiarly unto tunate as they ; are the only state bonds held by our own citizens while forty nine dollars out of every fifty raised by the ordi nance will go out of tlie state many ! other bonds and notes issued chmo_r the war not for war purposes are ignored the ordinance only provid ing for bonds dated before tlie war we have carefully calculated the in terest to be paid in cash on and bes lore 1st july 18g9 the debt dated before may 20th 1861,w 8,906,500 on this here more othces have been created man heretofore for example : 1 lieut governor 1 superintendant of public works 1 superintendent of public instruction 1 attorney general 2 supreme court judges 4 superior court judges 3 commissioners to revise the laws boards of public charities enjoined by articie 41 sec 7 at least 3 we presume we count the attorney geneial as a new officer because he will be a salaried officer his duties are to be different from what they are now and there is to be a solicitor te ride the raleigh judicial cir cuit the attorney general is to be merely an advisory officer the super intendent of public instruction is counted because his 6alary is to be paid by the state not as heretofore by the literary board without counting 4 new solici tors and other minor officers lure are 10 1 he county tales aggregated abou 600,000 we have no data for eatima tin-r the citv tax the state and coun rj * ly taxes under the n**w constitution to be raised out of h people m-xt wint«v must exceed 12,600,000 hate i if taxation if it were possible to raise the rates on all subjects of taxation eight times the present rules then land wouid pay for state purposes on the valuation ot iboo eight cents on the 100 on the valua tion ot 1s6s it would be probably 1.60 on the 5100 hut if the rates are made eight times higher than now many sub jects of taxation will be destroyed der the new constitution the poll tax u nol be higher than 82 hence as ihe rates cannot be raised on other bnbjeels the di-liciency must be assessed on land th laud tax will necessarily be ten or twelve times higher than at present wff it f { ft n yyf v j y t / ' by ii axes & brl'ilier vol iii no 39 the old north state forever gaston salisbury n c thursday april 2 1868 single topie five en.n whole xo 32s