The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1845-04-18


nestle ndustry-le, them teach our people
tina, the true mode OF resistance will be
found in making more aud purchasing less;
let them endeavor to satisfy our capitalists
that we are not on the verge OF revolution.
but that there is safety in investments in
South Carolina, and no necessity Of seek
ing, for such purposes, the stocks oil others,
or readily convertible onss Of our own.
There Is no lack Of capital in South Caro-
lima Charleston, herself, possesses all the
requisites, and it is only necessary that pub
lie attention should be properly directed TO
this vast fold, for profitable investments,
in thi. State, and TO give assurances oil po' .
li,ical stability aud safety, to bring 1t out.
aud TO stop the millions which ore being all
the time transferred from the South TO the
North, and with i would be retained amongst
us, the euierprising merchant, who, on his
retirement from the tolls Of business, would
forget the green fields and pleasant ways of
his native land, 10 mingle with US IN domes'
Tic industry.
Let the manufacture OF cotton be com.
menced among US, and We shall soon see The
capital hat mas been sent out OF our State,
to be invested in Georgia State, and other
foreign stocks, returned TO US. We shall
see the hidden treasures that have been
locked up. unproductive and rustiug, come
forth to pu, machinery in motion, and to
give profitable employment to the present.
unproduciiye labor Of our country. To
give an idea of the various sources from
which capital is drawn, for such purposes,
! will state how the Merrimack Company
at Lowell, is made up. Ii is composed oil
$50 Stockholders, Of whom there are, 46
merchants and traders; 6s females; 81
individuals retired from business so sd-
ambassadors, executors, guardians and trus'
tees; 90 lawyers; Is physlcians liter.
AIRY Institutions Is farmers 40 secte,a.
ries, clerks and students 40 mechanics,
and persons employed 10 the service Of The
company, who hold stock 10 the amount Of
100000
Cotton manu- lectures have been the pic
neers which have introduced and given az
impetus to all other branches Of mechanism
in Great Britain, the continent of Europe
and this country. Taking this for granted
one would suppose that the persons who es'
ia5lshed tho extensive Iron EslsblIshme Ut
now 10 operation in the mountain US part:
of our State, although, aciua.ed by 40 en-
terprising spirit, counted without their hos
1T was really putting the cart before the
horse, trust, hoaever, that, change IL
our industrial: pursuits is soon TO take place
Which will give new aspect TO things II
shat quarier, that those establishments are
vet 10 thrive, proving 10 be luexhaus,lblt
sources OF wealth 10 our State, and monu
menis TO the enterprise oil their projectors
Ii South Carolina commence the manufac
ture Of cotton IN earnest, these works VI
be brought into requsiiIon, and the lro
produced by them, will 10 longer be sen
TO the Eastern States, 10 be turned lnl
plough shares for US. The endless source
OF demand which will spring up for it, wi
cause home consumption for II all.
The cheapness Of water power, il not 10
chief, gill al least constitute one imporiaI
element of success with u.s. There j,
probably, no State in the Union. IN whic
out Of the question, f s. ibR sAh H5d ret5 aS!q
enumerate, the great number Of Ssler fai
on the tributary streams Of The Peed9,
Wsteree, Broad and Saluda rivers, We Wi
notice those oaly, 10 the immediate ficin
~ Of our two lines of rail road to Colua
bra and Hamburg, that is, within five mil,
OF them. la the most healthy regions
the State, abouudiDg with granite an
building timber, waller power u.sy be founC
sufficient TO work up half the crop Of Soui
Carolina all Of which is nearly valueless q
the presen. Ii ne. For the information g
such as are not acquainted With the U'snne
Of computing the force OF falling water,
viii state, that The quantity Of water USE
by The generality OF saw mails, running bu
one saw, with bead &C o feet, will be suf
fcien, TO produce, 9ralsed 10 head OF L
feet, 50 horse poser. From this state neul
persons may easily calculate what such va
ier.falls would be worth, if located at Loa
ell, ornea: PnIladelphia. 10 Lowell, waite
power is sold al 81 per spindle, which
equal 10 S2G2 for each horse power. A
Msuyunk, miles from PhiIadelpha, it
sold for 500 for every square inch Of an
der feet head, and over 90 feet fall
this is equal 10 81 0l6 for each horse pow
er. IL IS DOT 50 valuable at places unfavor
ably located /; bat the price al which !, sell
In those above mentioned, accounts at ono
for the eagerness, with which such proper
~ is sought after, 10 situations remote iron
navigation, and even in mountainous coun
tries.
God speed on the glorious result, tha
may be anticipated from so great a change
In our Industrial pursuits. We're all on
hopes, in this particular. consummsied
South Caroiius would presen; delightful
picture. Every son and daughter wou,,
hnd healthiul and lucrative employment
Our roads, which are now disgrace to us
would lie improved; we would 90 longer b,
under the necessity Of sending to the Nortt
for half made wagons and carriages, {,
break our neeks we would have, If not a
handsome, a, least as honestly snd faithful!
iy made ones, snd mechanics always a
hand TO repair them. Workshops would
take the place Of the thrao,s oc oI,t;a.,