The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1851-06-04

ne wealth { the Stsie, and creating business
o. itseif-l have, sl,hough entertaining J,'t
,,pecia,ions, not fet myself al liberty 70 dras
heavily from other sou ces-I prefer leaving
that brsnsh Of The estimate to others quite a.
competent TO the computation ss myself, to
make such additions as may suit their views.
The effects Of railroads everywhere is TO
increase the value Of lands. The ratio Of ia.
rrease is dependent upon III, fertility Of the
soil and the remoteness OF the lands from
market, and the amount OF increase is exact
" The capitalized sum which the saving IN
he transportation upon the annual produce
"t an acre would give. For instance, if the
annual saving in the transportation OF the
produce Of an acre Of land 10 one dollar, The
value Of the land will be increased sl6,23,
the capital which al 6 per cent would yield
dollar. My own impression IS that the lands
on the line Of the North Carolina rsilrsad
will be increased in q greater ratio than this
now universally acknowledged principle Of
computation would give, for the reason that
they are from some cause greatly uncsrraied
especially from Lexington to Charlotts The
lands on this portion of the road which grow
Cotton as we'll as Grain, compared with
lands 10 Virgins similarly situated IN refer.
and grass, are valued at very little more than
half the price the lands in Virginia. The
efisc, OF the Railroad will b. to raise these
ands TO their proper standard of value and add
also thereto the enhanced value arising from
the diminuiion in the cost Of transportation.
The manufacturing establishments on the
lire Of the work, which are now in compar.
aiirely feeble and declining condition, will
receive an impulse that will reward their en-.
terprising proprieters, and revive the droop.
ing hopes Of the advocates Of home industry.
For it mus, be obvious to every one how they
are affected by the cost Of transportation.
The expense Of transporting the raw ma.
,erial. and manufactured goods, constitutes
an element 10 the cos, Of those goods in mar.
ke'. The means Of transportation are 10
fact but part Of the machinery in the man.
ufacture Of goods for market, and the same
principle sppliss as we'll in the Improvement,
of the one ~ 10 the other. The man with
good machinery can manufacture probably
aud sell at price at which the one with posr
machinery would be ruined. II then We ap
ply this principle to the transportation Of the
raw material, bread stsffs, and other articles
Of consumption ia manufacturing establish
ments, il needs no argument or calculation TO
show that he who can make use Of Rail
Road for this purpose can always undersell
those who are without the accommodation.
This is the true secret Of he success OF the
Northern manufactures; the liberal system
of internal improvement ct the North has
cheapened The transportation O. their supplies.
doubt not, IL would prove upon invsstga.
ton, that the transportation Of bag OF Cot.
ton from the interior Of Georgia in the vicin.
lily OF her rail road to Lowei; costs less thao
the transportation to many manufactures IN
North Caroiina within q hundred miles Of
The Cotton fields.
The reduction in the pr.ca Of transporia
lion must be attended OF least with the work
ing Of the existing Establishments up 10 their
full capacity, and with their success the
erection Of others will follow, until IN course
of time the State will become a manufsc,u.
ring and by consequence consuming as well
as producing Slate.
The home market built up by the Manu-
featuring establishments will stimulate, en-
iostSf wv ~
which is The great interest o: the State. And
thus the great ends of gssernment will be
accomplished by the silent workings OF The
system OF internal improvements, without do
ing violence TO the theories or preladlces Of
any one. The greatest benefit will be con
ierred on the greatest number. Ia fact all
will De benefited. For the North Carolina
Rail Road IS not a mere line Of Rail Road
accommodating single line Of travel and
operating on narrow section OF The State
there Is scarcely any portion or any interest
10 the State tina, is not benefited by this work
Ii traverses nearly the whole length Of tbs
State, il is the Central Rail Road projected
by the old and ardent friend, Of internal i'm
provemeni, crossing The channels Of some o
the principal rivers bringing their water fall
and Manufactures into the actual vicinity o
the SeaBoard. |, would ba difficult to plat
work, so properly, so obviously and 90 es
sentia'ly State work. The people them
selves have made it so by their vide sprea
and unprecedented individual subscription O
million of dollars, aud BY their endorsement
OF the copartnsrship Of the State from on
end TO the other, in her subscription Of Nv
millions more. That they will DOT be disaf
pointed in their expectations, ! am quite surs
unless il should turn out, and there is no rea
sen why il should be so, that the same caus
IN North Carolina will not produce the sam
effects as in o,het States, North, South. Eas
and West. la those States it is found tina
rail roads relieve the burden oftaxaiion Fir.
by the difference 10 the transportation b
common roads. which may be stated att
10 one. Secondly by increasing the tax'
Bile properly on tbs line Of the road,
general reduction Of lakes is made, thus lei
sening the taxes on lands more remote, sl'
ing them an additional value and thus ii