The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-03-25

ern States at that time, were upon the verge Of
ruin Several found it impossible to extricate them
selves from the difficulties which suddenly ap-
peared Sides and failed. Others struggled along
for long time in state Of great uncertainty but finally
passed the crisis slowly recovering
Hundreds Of new have since 1S46 commenced
the manufacturing business with limited capitals, but
greater experience and have proved profitable system
of economy and management has introduced into
the old manufacturing establishments which has given
them better basis and will ultimately make them pro-
ductve under the most liberal commercial policy the GO
vernment possibly adopt This after ALL is the only
sure foundation the manufacturing any other Inn
portant intercs-one which the movements Of political
parties in out of Congress cannot affect way
the other We find manufactures sprinxng up in every
section 4 the country and believe they all In
prosp Ious, thriving condition The overgrown extra
VACANT, mismanager manufacturing establishments OF
New England which seriously and so deserVediy
affected the repeal of the protective tariff OF 1896 may
aduay from their prostration and become pro
ductve If not, others will take their place., and
having no old scores to wipe out viii fn the
vacuum make good returns on the capital employed.
The Legislature of Maryland having passed bill by
which the Frostburg mining companies of the Cumber
land coal regions to be absorbed and consolidated
administration to be designated the Cumber.
Coal and Iron Company have reason to anti
cpate that there will be successful renewal Of the
Cumberland coal business This new company with .
capital Of $4,000 0O0 will and amagamac the
valuable property Of the several companies which have
become embarrassed from the want Of adequate
1t IT, however, wonderful that this effort to re-
the coal business in the northern section Of the ba
SIM stable and liberal foundation, should find
ous opposers in the of Cumberland sgmatzng the
present project the great monopoly company These
not perceive that the prosperity of Cum
berand and the Frostburg miners mutually and reel
procaly dependent each other. The coal from that
region pass through Cumberland and in proportion
to the extent of the mining business will be the demand
labor and the consumption of provisions and clothing
while the manufacturing establishments of that place
there will secured steady and cheap supply Of fuel
certainly evident should the present project Of In
Producing additional large amount Of capital provo
unsuccessful that the competing interests the Pc
tomac would foster into existence dangerous rv1
community the Potomac river, in the vicinity Of
Westenpor where the mining of coal and iron ore can
carried to the greatest advantage and that this
4 suggestion may not be considered mere chnnera
Thrown out for effect to intmidate opposition, wo
can state, for general information, that the Phenix
Company is at the present moment preparing to enter
the coal business under the most advantageous cir
cumstances and with the anticipation that they will be
in readiness to send coal market by the beginning Of
May which Is shown by letter from their President,
Taman J. Waters of the 18th Of March, being explicit
this point With this information, should think
that instead Of hostility the citizens Of Cumberland
would be willing put their shoulders to the wheel and
assist getting tho Cumberland Company fairly under
way for they may assured should the coal and iron
mining get full start the Potomac river where the
mines remarkably rich and most Of access there
would be power their successful progress
On comparison with the Phenix Company, the chayso
Of monopoly against the Cumberland will scarcely hold
good the former having the mineral
property while the latter will fall short Of 10000 And
again. when take into consideration the immense out
lay which the Frostbug miners have had to encounter
in the construction Of canals and railroads and in the
purchase Of their lands at comparatively high prices the
capital contemplated to be raised for tho
Cumberland is not all things taken into consideration,
Of greater relative magnitude than that of the Phenix
Company of $2000000. The pioneers Of the Frosburg
Cumberland region have had every difficulty to contend
with labor capital and supplies had to be introduced
originally by them while the Phenx, the pioneer the
Potomac whose property lies in the centre Of the mineral
basin has quietly ana suggishy awaited the progress
events, and with few thousand dollars Qess than
$15000) they preparing to take advantage Of tho
facilities presented at their door by the completion Of the
Baltimore and Ohio Railroad Immediately in front Of their
property Under these circumstances it may be readily
admitted that the city of Cumberland has for
apprehension especially should capitalists their
tenton to the water power Of the Potomac and
the establishment Of manufacturing community in the
very heart of the mineral regon-an event by
unlikely to take place this location will command
the trade the Baltimore and Ohio Railroad the great
West as well Us to the Atlantic