When was it published?

January 20, 1843 in Alexandria Gazette

Domestic News January 20, 1843

Alexandria Gazette

Q: What keywords are associated?

Repudiation, State Bonds, Wilmington Railroad, North Carolina Senate, Locofoco Majority, Debt Payment

Alexandria, Alexandria County, District Of Columbia

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What is this article about?

North Carolina's State Senate, despite a Locofoco majority, passed a resolution to immediately pay $50,000 in protested bonds from the Wilmington Railroad Company endorsed by the State, rejecting repudiation and upholding honesty in debt obligations.

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Full Text

ANTI-REPUDIATION.—There is no chance of the abominable doctrine of Repudiation getting foothold in North Carolina. Her whole people, without distinction of party, esteem a good name for honesty, justice, and strict regard to the obligations of morality, as valuable to a community as to each of the members composing it. This was fully established by the action of the Senate on Monday last. Bonds to the amount of $50,000, due by the Wilmington Railroad Company, but endorsed by the State, were protested for non-payment, the Company being unable to meet them.
A resolution was reported for the State to pay them off at once, and it passed the State Senate, where there is a Locofoco majority of ten, by an overwhelming majority.

What sub-type of article is it?

Politics Economic

What keywords are associated?

Repudiation State Bonds Wilmington Railroad North Carolina Senate Locofoco Majority Debt Payment

Where did it happen?

North Carolina

Domestic News Details

Primary Location

North Carolina

Event Date

Monday Last

Outcome

resolution passed by overwhelming majority

Event Details

Bonds to the amount of $50,000, due by the Wilmington Railroad Company but endorsed by the State, were protested for non-payment as the Company was unable to meet them. A resolution was reported for the State to pay them off at once, and it passed the State Senate, where there is a Locofoco majority of ten.