Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1851-05-23

ced and included except the locomotives
and coaches, and the shops for renewal and repairs.
The cost of the shop and fixtures may put down $780,
000 though the whole of this expenditure will not be
before the completion of the Dad it may be spread
two three years after the Road goes operation
The number of locomotives and their trains depend of
entirely the amount of business and may be in
creased the wants of the Company require is not usual
to embrace in the original estimates and charge capital
and, with nconsderable additions carry through
able it do the business of the first year With this rec-
ton submit the following estimate, viz:
10 locomotives -. at 81 300 600
Baggage and mail .' 1000. 1000
50 Burthen cars ........" Co.,. $4,000
s13980O
Which added to the two preceding sums, give So,
405, 1872 for the oadway equipment and workshops.
No difficulty extraordinary expenditures will be en-
eountered portion of the line in procuring substantial
is peculiarly adapted the formation of dry and firm road
bed timber for s found every where convenient
ported considerable distance with this exception the
scarcity of good building rock at some points, suitable
rails of every kind found where convenient the
line.
In relation to the income of the road have no data fit
venture conjecture of the specific But upon
subject of SO much Importance to the stockholders may
the prospects and expectations that be entertain
ed by those who have embarked in it.
This railroad passes through the almost entire length of
the State embraces in its route variety of soil and pro-
ductions not TO be found railroad in the country 1t
ate in the cotton fields of the ancient and hcnord county of
MeGhen6g, trayersng on its way highly productive
fcent part of the line supply the is
found on the raw material on one poi point will supply
wrought fabrics to the producer The wheat and -four of
the West will be exchanged for the products of the coast
and thua reciprocal, growing and constantly increasing
way trade viii prng up Thsh the history of ads
only business that pGus Then there is the eterprng and
aoarshing town Of Wilmington which may be regarded as
the terminus of the with her large West India
trade and varied commerce. giving her the ability supply
the wants of the producers and creating constant demand
for their productions and the markets of Virginia thrown
open by the Raleigh and Castor Railroad, with their de-
and of supply, all uniting to stimulate indus
and production and thus add such amount Of tonnage
and business the road to render it almost unnecessary
to look beyond its limits for the of its producveness
But, if we were permitted to look abroad, we could with
quite as much ausbty OF argument urged every
day. in connection with other schemes place this also in
communication with Memphis which seems to be regarded
by point on the great high way to the Pacific
agnaon extend this road to Beaufort and fancy her safe
and harbour crowded with shipping from all parts of
cred rational though far thin the bounds of the visions
which fill the mind of the projectors of Railroads possessing
seem to attend the very reasonable project of extending the
North Carolina DAD into Tennessee and down to Beaufort
/ And why should not North Carolina accomplish this enter
prise! believe she will she has already authorized
to ascertain the cost of extending the road the
both schemes are entirely feasible and practicable and will
at no distant day have doubt, be accomplished They
probable theory and what is probable in theory has
practice always proved But these schemes the
future, although opinion in the certain future. pre-
Looking then have sad to the Vide spread demand
and to the ability and capacity of the country the mme
fears the result need travelling beyond
borders of the State in search of trade and travel demon
Railroad however, not indifferent to the income
ing from the through business of the certantes of
the which count largely from connection
with the Charlotte and South Carolina Railroad. Having,
however, in the outset confined myself to the limits of the
road and simple of its influences promoting
home industry and thereby adding to the wealth of the
State and creating business for ITSELF have although
te-ainng just expectations, felt myself at liberty
draw heavily from other sources-I prefer leaving that
branch of the estimate Others quite competent to the
computation as myself to make such additions suit
The effect of railroads everywhere the value
of lands The ratio of increase is dependant upon the fe
ty of the soil and the remotenes of the lands from market
and the amount of increase is exactly the capitalized
which the saving in the transportation upon the annual
duce of an would give For instance if the annual
wing In the transportation of the produce of an of land
dollar the value Of the land will be increased SIG Cos
own impression is that the lands the line of the North
Carolina Railroad will be increased greater ratio than
this universally acknowledged principle of computation
would give for the reason that they from
greatly underated especay from Lexington to Charotte
well Grain, compared with lands in Virginia similarly sit
uaed in reference to markets and which only grain
the lands in Virginia. The effect of the Railroad will be
raise these lands to their proper standard of value and add
in the cost of transportation.
The manufacturing establishments the line ofhe work,
which comparatively feeble and declining con-
dtion, will receive impulse that will reward their enter
plsng propetors and revive the dropping hopes OF the ad
how they affected by the cost of transportation
The expense of transporting the material, and
goods in market, The of transportation in fact
but of the machinery the manufacture of goods for
market and the principle applies well in the i'm
provemcnt of the the other The with good
machinery manufacture proftaby and sell at price at
which the with poor machinery would be ruined If then
apply this principle to the transportation OF the
tera breadstufs, other articles Of consumption
uaoturing establishments it needs cacula
ton to shew that he who make of Railroad for this
purpose always underse those who without the
cOmmodaon This the of the of the
Northern manufactures the liberal system of internal
the North has cheapened the transportation
would lnVeStIga
tion that transportation of bag Cotton from the interior
of Georgia thevciny of her railroad to Lowell costs
than the transportation many manufactures in Nortl
Carolina, within hundred miles of the Cotton fields.
The reduction in the price transportation must be atten
ded least with the working of the existing establishment
to their full capacity and with their the erection
of others will follow, until in of time the State vii
become manufacturing, and by consequence consuming
% well producing State.
The home market built up by tbs Manufacturing esaG
shments will stimulate and foster the agricul
tura interests which the great interest of the State An
thus the great ends Of will be accomplished b.
the silent workings of the system of internal improvements
without doing violence the theories prudices of
The greatest benefit will be conferred he creates
number In all will be benefited For the N c. Rairoa
is line Of railroad accommodating single line
travel ard operating section fthe State there
scarcely portion interest in the State
Gifted by this work 1t raverss nearly the whole
state it is the Central Raroad by the old
dent friends of internal improvement crossing the channe
of of the principal rivers their falls
Manufactures into the actual vicinity the Seaboard
and SO essentially State work. The people hemselv
have made it by their wide spread and
d. dyldua subscription of million of dollars and by the
endorsement of the coparnerhp of the State from
to the other In her subscription of two millions TIL
they will not be disappointed in their expectations,
quite unless should