Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1858-03-31
.srssd in th. matter, have resulted in very discour.

.ersed n the natter have resulted in very dscoura-
b 1suld appear sFsu his that the gre.. Goa,
feds e England Sre not inexhaustible; and that
whae S&e deusnd Of ne World for Coal and Iron is
steadily and rapidly the increase the chief source
from which the demand has been supplied is thought
to be falling And here let it be borne in mind that
England produces no Anthracite Coal; all Of her
Iron is made, all her machinery is driven, all her
houses are warmed and lighted by Btuminous Coal,
just such Deep River produces IN immediate prox-
unity with the Iron In fact. the Asst descrip
ton Of ore (he black bandD is interstratiied with
the Coal, and is taken from the mine in company
with the fuel that is to convert it INTO iron. What
btuminous Coal has done for England it can do for
US. And should the apprehended failure Of the
English Galleries prove true, the discovery Of Coal
on Deep River may yet be as important to the world
rs it certainly is to North Carolina.
Any State or country within whose borders ma
ture has placed extensive deposes as Coal and Iron
ore has within her reach the elements of wealth and
greatness. If after these deposites are known to
exist, such state or country does not become wealthy
and great, the fault is her own. England has these
richest and most powerful nation in Europe.
Pennsylvania has them, and to develop them she
expended $40 100000. And during the last year
she sent to market 1000 900 tons of coal and AT,
1913 tons of ron worth $45, 7o9, 100. Thus making
her surplus products for one year more than equal
North Carolina has these deposites. We will not
ask what she has done for although her coal was
discovered before that of Pennsylvania, it was lost
sight of before its true value was known. But now
that England, Pennsylvania and Maryland have
pioneered the way, and demonstrated what coal can
do and has done, and now that her coal has it
were been redscovered, we do ask what she will
do? Nature has made the deposites-science has
discovered them-skN and labor have taught her
the and value of them. Will she them
as to become wealthy and great?
Wealth is the accumulation Of the surplus pro-
ducts of labor and the reason why coal-producng,
rather coal working States have become wealthy,
is, that labor bestowed in that way affords more
surplus than any Other-no other raw material can
be fitted prepared for consumption little cost.
Compare it with wheat, which is a leading article
of export. man produce about 800 bushels
of wheat, of which he can spare 100. This is his
surplus-his wealth. The same man in coal mine
can dig out 1900 Of COAL Of which he spare
1000 tons. Send the surplus in both cases to mar
ket over the same road the wheat will net him
about 500, the coal about $1,000. But wheat
growers not coal diggers, and probably have no
desire to be. But if the coal digger at work he
would buy the surplus wheat and pay for it out Of
the sale Of his 1900 tons of coal for instead of send
ing to market 100 bushels of wheat and 1000 tons
of COAL yielding together a surplus of $780, they
could send 1900 tons of coal yielding a surplus of
$500. These figures used by way of ilustra-
II
of the surplus wheat of North Carolina had been
consumed at home by men engaged in digging Coal
and making Iron, her exports would have been
counted by millions instead of thousands. She has
the wheat the coal and the iron: She has provided
q way to market for the wheat, let her provide
let her give aid in providing way for the coal
and iron to market,-and way for the wheat to the
coal and iron,-and in five years she will be credi-
tor State: Instead of exchange on New York
being at a premium of per cent it will be at a
discount.
just let it be made certain that way will be open
for the coal, and the effect will be felt Immediately;
for capitalists now stand ready to work both the
coal and i.on and every dollar brought into the State
by them is equivalent to an export to that amount.
Two or three hundred thousand dollars brought in
in that way, would relieve us. and set the coal in
motion after that, our imports would never again
overtake the exports
We do not pretend that our Road is the only out
let for the coal that should be opened for we believe
that every practicable route should be made avaia
BILE, and the coal and iron allowed to 60 in every d.
rection. But we do contend that our Road will af
ford the cheapest the most certain and the shortest
route to MARKET and consequently should be and
be the first completed. And when completed it will
do more for North Carolina than all the roads she
has built have done can do and it will do more
for the stockholders than any investment they have
ever made.