Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1853-02-26

communicates with the ocean, and finds rnarke
j, abroad, for surplus of the products of manufac
lures and agriculture; that useof the natural ad
vantages, to partial extent only, makes a hom
market. But the time had not come, for irnprov
ing the resources of this district They are there
FORE reserved entire for the present and they can
not be neglected longer, unless a suicidal Stat
policy is pursued"
i In order to show that these coal fields have al
i'm nense commercial value that they will NOR
than adequately repay the expenditure of capita
to bring the coal to Market the report enter
upon an estimate, of the quantity, and announce
that if one hundred tons of coal were taken on
daily, and the seams worked for three hundred
days in year. it would take over two hundred
wears to exhaust the coal which underlies one
square mile; the conclusion formed by professor
Emmons, is that the Deep River coal Fields are
workable for 43 square miles, consequently it is a
fair presumption, that the State is fully justified in
improving the navigation of the Deep River, and
encouraging improvements and promoting greater
facilities for communication.
The citizens of the State, and the adjoining
State of South Carolina, are now sensiby alive to
the value of charging the access to these mines
The subject of connecting Wilmington with the
mines of Chatham County, through Fayetteville
by means of branch of the Manchester railroad
and proposed road from Fayetteville to the mines
is being pressed on the people. The latter road
was recently chartered by the Legislature and we
find in the Fayetteville Observer, of the 10th inst,
paragraph stating that some New York citizens,
have awaited themselves of the opportunity of
obtainin valuable investment by subscribing for
four -fifths of the required capital. Thu Observer
says:
60 That Five Hundred Thousand Dollars, the
entire capital stock of the Western Railroad, from
Fayetteville to the Coal Fields, has been subscribed.
The subscription in this town had reached 500, 400,
and would probably have been made this morning
100000, so as to secure the charter and call
General Meeting of the Stockholders for the pur-
pose Of organizing, when, last evening, gentle
man from Wall street, New York, (undrstood to
be one of a company interested in Coal and Cop
per lands,) arrived here and subscribed $4O6 600,
making the entire amount of capital at present
authorized by the charter. And the amount can
not be increased until the stockholders, by for
NAL resolution to that effect authorize an increase
to 81 100000.
The charter requires that the books shall be
kept open 60 DAYS; but, the stock being all taken
we learn that it IS not competent for the Commits
sioners to receive any further subscriptions for the
present"
The Charleston papers are likewise discussing
the subject of connecting Charleston with the North
Carolina mines, by means of the North Eastern |
and Cheraw and Darlington Railroads. Plank
Roads are laying down in all directions, and vari-
ous railroads projected that will, when carried
nto operation, give an immense impetus to the de-
'elopment Of the mineral wealth of the State.
We have devoted so much space to the consd-
grafton of the value of the Coal Fields that we are
orecuded from any further heightened extracts
rom the Report. However we must state that
'rotessor Emmons has not lost sight of the various
ther important interests of the citizens of North
carolina. The report dilates at considerable ex-
ent upon the value fertilizers of the marl the
inc stone and the salt, found so abundant in the
'tate 1t describes the State of North Carolina as
lvided into two great districts, agricultural and
Hntng-the former embracing those counties i'm
nediatey upon the Atlantic slope extending to the
rst fall OF the rivers, the latter embracing all west
these falls; and observes that a mining district
unusually rough and unproductive, but in North
,arolna while mining is capable of giving mag
lticent returns for LABOR, the agricultural returns
ON the surface are equally productive with other
ections. Water power of great extent and unfa-
lg permanency abounds: the advantages for ma I
ing Bar iron Of superior quality are very great
nd the resources of the forest immense. I
We have previously givsn in the Mercantile
ournal, Dec 1st, 1852, in some detail, a state
tent Of the financial position of the State To that
atement we must refer our readers In the pub i
; Ireasurers report, delivered to the Legislature
November, 1852, estimates were given of the |
venue and expenditures for 1913 and 1854 we 7
bjoin the totals: t
come for fiscal year, ending "
Nov, 1853, 1852 IOI &c 7
come for fiscal year, ending =
Nov, 1854, $2I26l3 &c y
ygregate income two years, $464.7l4 90
Aggregate expenditures for y
two years, S45l, 6s8 90 y
Balance, 8 1906 70 y
le Balance in hands Of tine Public
Treasurer at the close OF the fiscal $I65, 646 O5
year, 1882 was
1t will be seen from this brief review of the DO tt
ion of the State, that Astounding in the elements '
wealth and prosperity, with an unimpeachabIe n
aracter for fidelity in all her engagements, and cl
encountered by debt, no State in the Union has Of
greater claim to the confidence of capitalists. st
NeaO York Mercantile Journal. CO
RAILROAD STATISTICS The superintendent Of VI
census, from recent returns states that I'll
ire in the United States 10, 914 miles of to
roads finished, and 1O,808 miles in the course tr
m
nnecticut has mile of road to every ass inhabs W
nois e 564 tic