Daily union and American. [volume] (Nashville, Tenn.) 1865-1866, 1866-08-28

Correspondence of Union and American.
EAST TENNESSEE, August %, 1861 see
that the Tennessee Colonial and Immigra-
ton Company, are about to commence their
work, by planting colony near Tullahoma.
trust that, under the auspices Of this COM
pany, many thousands of agriculturists, me
chanics and miners may be introduced into
our State, who shall unite with our native
population in developing the immense ma
tural resources of the country.
Such an organization, unless it degenerates
into simply a medium of speculation for
the cOrporators, may contribute immensely
to the prosperity and growth of the State
l trust that East Tennessee may participate
in the great benefits which should accrue
from the iudicious prosecution of the lead
ing objects Of this company. Certainly no
part of the State presents a more inviting
field for such an enterprise. 1t possesses a eli
mate of unsurpassed salubrity soil Of great
fertility and adapted to almost every variety
of agricultural products; water power capa-
bic of driving machinery enough to meet
the demands of christendom briefly, to use
the language of inspiration, it is "A land
wherein thou shalt eat bread without scarce
ness, thou shalt not lack anything in it;
hills thou mayest dig brass"
Carter county, the ancient Watauga of our
infant history, and the early home of JAMES
ROBERTSON, knightly pioneer of your own
lovely section, presents an attractive field
for the investment of capital. 1t embraces
an area OF about 100000 acres in farms,
about one-fourth of which is in cultivation,
and is well adapted to the production of all
IL, L.. L Ill
likewise, to delight in its soil and climate
particularly the apple and the Irish potato.
But the great attractions are its inexbausti-
bic beds of iron, and its magnificent water
power. Here is found a magnetic oxide of
iron, which, under the name of Cranberry
iron, has attained such high character. Per-
haps no iron manufactured in the United
States is superior, if equal, to the iron made
from this ore. Here, also, is found a supe-
rior quality of Buhr stone-perhaps not
equal to the French, but superior to much
that is sold in the United States as French
Buhr.
The water power afforded by the Doe and
Watauga rivers and Indian creek Is ample
for the most extensive machinery that capt.
talists might wish to erect.
Lands can be bought at rates that viii in
sure fortunes to those making the invest
ment, if they are able to hold them, until
well-directed effort, with ample capital, can
be made for the development of the wonder
full resources of the county.
The streams of this country abound with
that most delicious of the fnny tribe-the
mountain trout
Elizabethton, at the confluence of the Doe
and Watauga rivers, is one of the most beau
tiful locations for a large city in East Ten
nessee. The scenery around is wild and
picturesque in one direction, whilst the val
ley of the Watauga stretches out in another,
presenting a scene of rural lovliness-the
whole possessing that peculiar combination
of mountain and valley, of water and wood
land, so enchanting to the poet and painter.
Around it nature has, with prodigal hand,
distributed the elements of wealth ready to
crown with their blessings the enterprise of
those who shall engage in their develop
ment. VEDETTE.