Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1849-11-01

Company proceeded to purchase 7 600 acres If land
of which 5000 coal lands. They commenced
the working Of coal, and last yea. employed eighty
miners, and sold at the bank 400 900 bushels of
coal. They laid he tnwn, the f which is
bind on The Ohio, and embraces 100 be-
tween the river and the ccal hills Lots of from
to four acres, above the highest floods have been laid
for cotton and other mills, from which railroads
will be made to the conl, and also 10 the landing.
which is a very fine one In prov idng for the growth
of the town and the encouragement of manufactures
the for coal Of only cent per bushel for
ty-ive years will be charged, while the for Dig
ging l. only twenty five cents per bushel. The M
duccments for building Up large manufacturing
town power. ample, cheap and certain; cheap
foud, facilities for transportation; nearness to the
market to he supplied and the materials be manu-
featured healthy station, with the best and cheapest
building material. The legislature of Indiana have
also granted twelve charters of the liberal char
acer, for manufacturing establishments and two of
these, the Cannelton C.tton Mill, and the Indiana
Cotton MILL have been organized and will soon be in
operation The former will contain 10, 500 spndles,
and CORES ponding machinery for making sheeings,
and will employ 375 operatives. The factory Will be
Of stone, 22 feet long, 60 feet wde aud four stories
high This building, witt, the warehouse superin-
tendents house, and twenty-five boarding houses for
operatives, all now in progress, will occupy lot Of
twelve acres on the bank Of the Ohio where the nav
igation is rarely interrupted and within one-tIrd of
mile of an inexht ustible and rich coal bed.
The Indiana Cotton Mill is to conian, at present,
1900 spindles, and will make tickngs aud
cotton flannel. Gen. c. L. James, of Providence,
Rhode Island. is the contractor for the works. and A.
McGregor, of Newport. r. l., the engineer. The
machinery will be of the most pelfect kind from the
establishment of W. Mason g. Co., Taunton Mass.
This enterprise is intended to be but the beginning
of a movement which may result in giving the con-
troll of the price Of cotton TO the country where is
produced. 1t may. too, operate check
production, by giving cotton planters other of
investment besides lands md slaves and ii may re-
suit in changing the character of the present
manufacturing districts of the world for the coal dis
ricts in the vicinity; and the fertile and healthy re-
gions around present opportunities fr the increase of
manufactures to an unlimited extent. The wealth of
Indiana must eventually be concentrated in this part
of the State, which was so long overlooked BY emil
grants. The present improvements of Cannelton owe
their origin to Gen. Seth Hunt Of N. H., man of
singular intelligence and energy, who, in connection
with Messrs. Hobart, Williams end RUSSELL then
wealthy capitalists of Boston, formed the American
Camel Coal Company, purchased the lands, and pro-
cured several entries to be opened to the coal
IL the respective companies do calculate on too
large profits and relying on these. neglect the sys-
tenn. attention and economy which manufacturing
adjustments everywhere require, they will scarcely
fail Of success. Ii is this neglect which has occa-
stoned SO many failures in the efforts TO build I'D
manufactures in the West.