Location: Raleigh, North Carolina
- In 1836, a Democratic majority in the Legislature appropriated $600,000 to the Wilmington & Raleigh Rail Road & $200,000 to drain the swamp lands the Whigs moved to strike out $200,0000 & insert $50,000 to make the experiment; it was voted down & Haywood project succeeded
- In 1838 an Internal improvement convention met in Raleigh, R.M. Saunders was appointed Chairman & made a report to the Legislature recommending a General system of Internal improvement They recommended[?] that the Legislature should borrow $3,000,000 upon the faith &__________[?] of the State.
- That they should __[?] down the Raleigh and Gaston Rail Road bond for $500,000
- That they should take 3/5 of the stock to open Roanoke Inlet
- That they should take 4/5 of the stock in a rail road from the Cape Fear to the Yadkin
- That they should take 3/5 of the stock of a rail from Beaufort to the Wilmington road
- That they should appropriate money to clear out the Neuse River
- That they should build a turnpike from Raleigh by Hillsboro to the mountains.
- This was recommended by the Convention to the Legislature & signed by R. M. Saunders Chairman & also by Lewis Henry and others
- [on the reverse]
- bal. 4th _________[?]
- Van buren fund on hand $9,000,000
- Sold U.S. Bank Stock $8,000,000
- Revenue for 3 years war-- $90,000,000
- & the fourth year $25,000,000
- Remained after distribution $6,000,000
- Debt on hand $6,000,000
- [There is something written on the reverse in pencil. Very little is readable due to fading and mildew of the paper.]
- VLR (Virginia Leigh Refo)
- These are apparently notes for a speech or for budget committee meeting made by John Mason Moody and having to do with his service as Senator for Northampton Co. in the North Carolina General Assembly.
- Date: 1844-47
- Many thanks to cousin Virginia Leigh Refo whose research and transcriptions added to this profile. The originals were donated to the Library of Virginia in 2004 by Liz Edens Vermillion with the help of Virginia Refo Moody Family Papers, 1750-1881. Accession 40535, Personal Papers Collection, The Library of Virginia, Richmond, Virginia.