Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1855-02-01

EAST TENNEssEE-ITs MINERALS AND POLICY

r. EAST TENNESSEE-ITS MINERALS AND POLICY.
Pm, BALTIMORE Jan. Il, 1855
Friend bins Having contributed much
:, perhaps more than any other man in Tennessee
10 the development Of the mineral resources Of our
sou State il is natural that should feel deep anxiety
fort that permanent benefit should accuer particularly
IL. 10 ourown citizens from mining operations. Moved
- nv such considerations | determined TO visit and
yer examine the Copper Works of this city In these
did works about one hundred hands employs and
the COMPANY are doing business on a cash capital
of about half a million Of dollars. Nor are these
I operations connected with or in the slightest de-
To- cree affected by, the Fu1lcy Stock operations of
P' Wall.street n (which like the bubbles on the
Huh stream are dssipated by the touch. The Smelling
pro establishment of Dr. Keener & Son is undoubtedly
hig one of the most profitable investments in the United
Ne States. They receiving ores from Cuba, from
a tie Northern Lakes from Tennessee, and to-day
will probably receive the first cargo from Virginia.
Dr. heener is making more pure Copper than all
the Smelters ia the United States. He buys the
ores giving &c the miner $500 per ton for each
pie one per of pure copper 1t will yield up to %
,yb per cent and three cents additional for each per
cent up to 80 per cent. This gives the miner
about Sl35 90 per ton for so per cent ore which
un IS in fact above the average yield of Ducktown
ex ores Thus it viii be seen, that after deducting
tie $4,000 per ton for transportation the cost at pres
= ent prices the best Ducktown will nett the
" miner about $4,000 per ton.
The policy of shipping ores to Baltimore has
hitherto been matter Of necessity in the opinion
Of the miners. aud laboring under that necessity,
already nearly, if not quite, half million Of dollars
have been paid on the transportation of rock and
other useless matter. Now l wish to impress up
on the people Of East Tennessee the great impor-
to lance of reducing and bringing into use our own
n metals with our coal. Suppose it does cost one,
two, or even three hundred thousand dollars to
o' complete, in East Tennessee Smelling Works, such
be as Dr. Keeners how long will itIequire to save
ia that amount on the tonnage of five hundred wagons
he 10 the mouth OF Hiwassee, TO Chattanooga, in
- lieu Of Baltimore, New York, or Swansea in Waes2
" Who IS so short sighted as not to see the immense
n advantages which would result te East Tennessee?
A very large amount Of money which now goes to
q, foreign shippers aud smelters, would be kept at
-, home and put in circulation amongst our own peo-
plea spirit of emulation, in all branches of manu-
CT iacture would be increased and accessible and
profitable market opened for rich and almost
h inexhaustibe beds Of coal That State is uuques-
= tionably the richest which can boast the largest
amount OF productive industry. And although
Tennessee, and especially Eastern Division,
has been tantaized on account of her poverty yet
happily, she can now look to q coincidence OF cir
1cumstances which promises speedily TO give her
an elevated position and world wide renown, not
only as part of tho State Of Tennessee, and i'm
Nportant part of this magnificent conederacy, but as
Ia favored spot in the universe.