Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1850-04-29
.,iEpIFAN IRON.

~, ouhIi>h \ sensible and conclusive article,
80, tLr use of American iron by Rail Road
'lnnanies in the construction ot Their works,
'.t;rb we find in the American Rail Road Jour
WI Of the Goth instant This article is admirably
aIapted 10 the present CRISIS OF affairs IN the IT.
,,;'3, and Tennessee Rail Road. It comes in the
th.,,,or fine. and is entitled, in view OF the issue
!, he decided. 10 the most serious consideration
written at a considerable distance from our town
without any instiEaton from residents Of this
,l,c. and without view Ct influencing our &C
lions. the article lays claim TO impartiality and is
cniiiled 10 all the consideration and weight due
n such production The positions assumed in
this article, are entitled 10 careful thought
10th because Of thcr accuracy and the source
8. u which they cmonate. NelnvIte attention
10 Ine article,
The question for the eons xratlon of the stock
holder, of the VIRGINIA and Tennessee Rail Road,
j, not how shall this road be constructed with
the least expenditure. This company should con-
slider the effects OF ITS expenditure. 1t has
objects 10 accomplish, and during It's whole course
Of oneraton, these objects should not be lost 81 yht
of. If the purchase Of English non will not pro-
mote the objects of the Company then the Amer
iran iron should be purchased, even at higher
mice. The objects are to develop the latent
wealth of the State and to increase her business
operations Of all kinds Or IN other words, the
Company has been organized h make the state
If Virginia more wealthy and more prospereus.-
Hence, we conclude American iron should be
uyed. The effect Of the purchase of Virginia
IRON uron the objects in view, can be ylsibly
traced That iron will come from the IRON beds of
Virginia. To work these iron mines, laborers must
be employed, who, 10 be supported, must make
purchases of Virginia farmers and merchants, the
very men who are stockholders IN the Virginia
and Tennessee Rail Road The IRON master re-
ccives from the Stockholders the money with
which he compenS ates his laborefs. This money
returns to the Stockholders in payment for the
purchases made by the laborcrS Thus IT Is that
the Stockholders are paving tor the construction
of the road with the profits upon their labor and
merchandise. And there is another advantage.
If Virginia rails be made, the demand upon Viz
lrinia farmers and merchants will be increased,
their operations enlarged, and their capital of a
anatural consequence augmented. Butt English
rails be purchased the money Is sent out OF the
country; it cannot be returned TO first hands
And the Stockholders can in no manner realize
their investments until the road shall have been
completed and put into full operation. English
iron it is urged, is cheaper than American. The
price of Virginia over English iron IS estimated
al twenty five PER cent But this additional cX-
penditure is insignificant, when we consider the
more speedy return OF investment, made by the
purchase Of Virginia non, and the consequent
increase ol business operations.
As intimately connected with this question: we
have a remark to make, in relation 10 "A Card
by "Anoher Stockholders" The IIwassee Com
pany did fail in 1899 but ii has been revived UNI
der the name of the East Tennessee and Georgia
Rail Road, which is now in progress Of consruc-
ton This failure, however, was not in conse-
quenCe OF an attempt TO manufacture lis Own IRON
No rail, either American OF English, was ever
L. Al AL