Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1858-12-31
THE WILMINGTON JOURNAL.
Eighteen Hundred and FTfty-NINE.

Eighteen Hundred FTfty-NINE.
For the last time we date paper 1853 and before
onr Weekly edition can reach may of the subscribers to
the Journal, the New Year will have commenced We
trust that it may be prosperous and happy one to all
our readers and patrons. We see no reason why it
should not have its fair share of the pleasures of e and
we have no right to hope that it will be exempt from its
sorrows One thing at least certan-that the New Year
opens under more cheering auspices than did the year
which is about closing The depth of the commercial
difficulties has been fathomed bottom has been reached
and healthfu reaction has evidently set in. The ship
ents of produce from this section have been large dur
ing the year. and the prices have generally, been
nerative to the producer while the losses from Northern
failures have fallen upon the mercantile community
During the year. indebtedness has been reduced and
cannot but think that things throughout the Southern
country in remarkably healthy condtion-one far
superior to that existing in any other section and in
comparaby so as contrasted with the Boosting and
boosted Northwest.
OF ourselves and our own business we need say little
We only refer to it at all to renew our sincere acknow
edgments to the people of Eastern North Carolina for
the liberal support they have continued to give u.s. and
also to return thanks to many generous friends
in other sections.
For the coming year, we can only make one pledge
we will do our best, and the best do no We
trust that past history affords sufficient guarantee
that this pledge, at least, will be redeemed
BS9@ We notice paragraph in the Union stating
that Captain Wilkes from the commission appointed for
the purpose of examining the Deep River Country with
reference to its suitabeness for Naval Depot of Con-
Struction, has made favorable report We have not
seen the report but have doubt Of the correctness
the statement made by the UniOn
It will be seen from elegraphic despatch received
since writing the above paragraph, that Captain Wilkes
report has been made and is actually favorable thar
had been indicated. The deposits are certainly there
That all authorizes agree upon, State Federal pubic
private scientific practical speculative or matter
of fact it is all the same the coal and iron are Mcre
The worst of it is they stay there
But we rather think that something will yet be done
by the State, and we think farther that if the State
sells or permits the sale of the Deep River work at thu
present stage of the game, she will be sacrificing all sh
has put in and laying up regret for herself That is fo
her Legislators to consider.
For our simple Selves we cannot but think that souni
to 90 down. permitting it to be sold or selling it herself
1t is true that the main thing, the opening Of the worl
is bound to be secured in the event Of the States selling
it. AS a commercial community Wilmington will ben
eft pretty nearly the by the opening of the work
no matter under whose auspices is opened but fee
confident that the State if she allows it to be solo, will
be heavy loserthat the interests of private sockhod
ers will be sacrificed and that of future revenue
will be lost forever.
Without wishing Or meaning to say word agains
the Railroad, may be permitted to remark in refer
to the River Improvement that, with all its msor
tunes, delays, mscacuations, Or perhaps, msmanage
ments, it is now, it always been, the work through
which the mining interest looks for outlet to market
1t is that which the mining interest seeks to buyt
that in the feasibility Of which that interest has ncyo
ceased to feel confidence.