Richmond daily times. [volume] (Richmond [Va.]) 1850-1853, 1851-09-05

THE PUBLIC SECURITIES OF VIRGINIA.
In noticing the quotations for public securities
given by one of the New York Journals, we were
gratified TO observe that the State stock of Vir-
ginia is commended as among the cheapest now
in the market. Considering the great resources
OF this State, and giving the just effect to the in
huence OF internal improvements in enhancing
the value oil property, it cannot be doubted that the
purchasers of her stock have a basis for its secu-
rlty as firm as any that can be offered in the u.
States. On this point, we concur fully in the jul
dicious observations which appear in one of the
latest statements from New York, respecting the
stock exchange and the relative value of the pub
lie securities Union.
Zone Of the best, and by all odds the cheapest State
stock the market at this moment is that Of the State
OF Virginia. Sales have recently been made at pre-
MUM OF hive and six per t. and there is no reason
10 the world why they should yield fraction below
the SIX per cents OF the general government OF any
other State in the Union. The securities we aude 10
coupon bonds having thirty five years run int.
rest payable semi annually. The agricultural, manu-
featuring and mineral OF Virginia greater
aud superior to those OF any other State in the Con-
tederaey Her territory is larger than that Of any
other State east OF the Rocky mountains, except Texas.
Lead is found within her limits in abundance Besides
the immense salt regions OF Kanawha there in
Southwestern Virginia inexhaustibe stores of this vau
able mineral. The salt water found in Washington
county is stronger than that OF any other county
Fossil salt--the largest, il not the only deposile OF the
kind discovered in the United SGaes-is found near the
salt hills above noticed and has been bored into at
least fifty hundred feet, and without going
through it. Gypsum plaster OF Paris-olthe purest
knd-exists in great abundance in connexon with the
fossil salt. There many deposites OF IRON ORE from
which refined and hammered iron can be made. which
will rival the best productions Of Russia and Swe-
den. Porcelain clay, fine any in France
is found near Farmville and in other sections of
Virginia. The granite of Richmond is equal in quail
ty and beauty to any in the United States The slate
on Slate river is better than the Welsh being harder,
stronger, and more free form earthly matter Marble
and soapsone abound in many parts of the State, OF
good quality, and in great variety Water lime or ce-
ment, is found on the James River, of very superior
quality and has been found to be decidedly superior to
the best English. In the region limestone of the
purest quality also abounds. There also great guam
titles OF hrestcne and hreclaY on James River and
Richmond. Gold, coal, and copper are found in
abundance East of the Blue Ridge Besides the coal OF
the East and the Southeast the Kanawia region pos
sesses an nexhaustable supply. An enormous vein of
camel coal has been discovered, within year
past, in Kanawha This is the beautiful and val
liable OF all COAL 1t is also alleged that wool grown in
Virginia. from the best improved sheep, is better in
many than the finest Saxony, and rivals the best
Australian production. 1t is believed that the climate
OF Virginia is superior to that of either of those couu-
tries tor the production of the finest wool. A State
with these resources must, Population increases be-
come immensely wealthy and the time is not far dis
ant when its advantages will be clearly demonstrated"