Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1859-09-30
The boiling rim.

In recent Issue, re referred 10 the operations
Of an sst.blishnsut of this character ~ Atlanta.
Georgia, giving some sstimases hssed upon data
furnished by committee Of the Southern Com
merciai Convention. Since thai time. We have
observed in The Montgomery Nail, thu. sfarts ara
now beiae made 30 establish another mill at one
u the three following naued localities Selma,
Montgomery. or wetumpka. st.-. ..
A gentleman Of Pittshure. 4 h said. proposes,
upon very favorabIs tsrms to erscs mill for roll
ling railroad irou with which II b suggssted. ano-
thsr for the production ofsi rad chairs ard spikes
might be probably connected. The Aaa com
msnds the preiscs 70 the favorable consideration
LOT the citIsens u he towns nsmod, and pvesents
some figures relative to the primo cost AID really
cd profits Of the Atlanta establishment. which We
had not previously seen. Says the Nail;
The projsetar Of this enterprise, In his cofi,mu.
nicattoa b. the President Of the Central Rail toad
Company, (Mr. Oilmcr) enters into an argument,
to prove how profitable would he the businsss OF
mill ~ ono Of the places named which should only
,v-rou the iron which would naturally some 10 II
from nsghboring lines Of railway In his ssti
mates ard calculations We have the utmost conf
dence. Arst, because his character Ne mn honorn-
BILE and capable man. IL amply provenj and seq
ondly, because they tally with information given
us very kindly. carly In the present year. by the
senior partner Of tho firm owning tho Atlanta
Rolling Miil--the capitalist who furnished tho
funds for tho erection Of that mobile mnnuinctory
The mill cost bctwcen $75, 900 and 800 900; and
IL was. at the time We speak Of, rerolling Mt the
rate Of 600 tons per month"; with ncst proai hcrc-
on, u $4,000 or $40 per ton. And 1t had the work
engaged at that rate, for many months ahead
The profit, then on an (outside) investment of
100000. or $4,000 per annum--and this. we
wore assured, was the maximum Of investment ind
ths'miuimum Of profit.
Seventy Ave thousand dollars per annuru. nett
profit, on an investment Of one hundred thousand
dollars. would seem to be almost incredible: and
yet our contemporary vouches for the "honor and
capacity" of the gentleman from whom its infor
nation is derived. That similar establishment
in Lynchburg would pay such enormous profits,
We would not like N guarantee; but we cnn road
lily perceive that Il would be without no advantage
in point Of location that Is possessed 10y the esab
lishmcnt that has realized these handsome results.
We honestly boliove that there 10 no point in the
whole country more favorable for the location ~
such an establishment than this city tn enforcing
the claims IL Wc,umpka. Gcorgin. as good site
for asolling mill, our cotcmporary aiErn,s that:
ain all respects, wctumpka in tho equal Of Allan.
tn. ~ location, and In several greatly her superb
Or. For instance, her cheap water transportation
U Mobile and Now Orleans would enable her tu
receive and return rails from aud to all the Mobile
aud Nov Orleans roads. Mt II rate which would
defy the competition of any Eastern mandatory"
But Wetumpka has not the advantages Lynch
burg possesses. we having nat only facilities for
water transit. by which our supplies of coal and
iron could DO had. but have railroads enough con-
at this point to keep n mill in con
slant operation.
We trust that gentlemen who are looking for
business, and sources for investment oi their capi
al will give this important saLisct their conside,
rtion.