The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-07-27
nd another equally extensive win be ready in few

and another, equally extensive win be ready in few
days. -
A new corn and -four exchange was fairly started
yesterday; sale stands were disposed Of at hieh pre-
MUM, and large number Of the leading buyers as0
profuse supply Of of corn The price Of wheat
has declined which would indicate the prospect OF neay
advanced il half million dollars were put in circua
lion just now in Richmond The chief CRY 70 capital>
'Give us capital to repair our railroads work our mnos
TILL our fields aud save our crops with machinery cay
stock build fences &C., and let whoever hkes run 'e
vrgnans suddenly acquired taste for the prae.
tica pursuits Of life including strong desire for tho
acquisition Of money The hospitality for which thsy
famous has disappeared, NOT much freo
the lack Of from spirit Of economy to which
in former times the true native was total stranger
The thrift which charactsr1ss New England WI soo1
manifest itself here for the people are just in that mood
to acquire IT,; but whether It will be accompanied oy
those other peculiar traits native to the model section Of
Yankeedom remains 10 be seen. v
In my next letter shall treat Of the immense mnerd
and agricultural Of this magnificent State ex
haustless IN its wealth OF products and with dir ~ genial
and scenery beautiful a. portion Of the globe
What Slavery Did for virsinia-where 10 Len
Her In the Race Of Progress-The Great
Mineral Resources of the state-The Absnt
dance Of Iron-The Want Of Capital and
RaiIroads-Immense LOSS Of Coal Measures
10 the State-The Prospect In the Future. >
RICHMOND. Va, July n, 1897
No matter how learnedly and we'll the advocates oil
slavery may have argued that the divine institution
made the South great and prosperous conferred cvzs
ton and contentment the negro and paved the way
for tho long there IL no denying The
broad and glazing fact that far - Virginia 10 con-
cerned Slapped the best energies Of her people and lay
like . ponderous and immovable incubus on the de-
velopment Of her One has only TO return 70
slavery times to realize this truth. and, IN cast
ing bis eye along the mountain ranges, OBJ
serve the immense and varied mineral wealth,
untouched by the hand Of man, yet capable
Of enrching empire and then turn around 10 witness
Commonwealth Of great people engaged in the trafns
of slaves. Yet 20 II To slavery Virginia owed her
Fictitious prosperity II raised the palaces Of her ns
and foremost families and all things else succumbed TO
the potent value Of negro chats even to the natural
riches Of the soil. But surprising change has o.
Cured Slavery, dead and buried at fathomlsss
DEPTH calls for something else to take It's place Shs
rsasonins common clans Of republican speakers
who come here invariably, after repeating the dreary
tale Of slavery. draw comparison between thie Stats
and New York. 10 the utter disadvantage OF the former
a. far Is present development appears, and then,
beginning at the splendid seaport Of Norfolk they pro-
ceed to show hovs Virginia, in the hands Of million
hardy frssmen like those Of New York. would outsrp
every State IN the Union. These thinking men are
isened to with attention. for the painful truth has
dawned upon virginans that they are behind In The
race whom they might have been foremost Valley LANDS
OF boundlsss agricultural wealth. Of COAL iron,
"copper" silver and gold and water power 70 turn
thousand mills are talked Of whore in other days
the tobacco crop aernaed with the negro the exsDt
and limit Of enterprise and speculation. ta
At the present time the attention Of leading men 10
vraina 10 directed TO It's mineral wealth. and an anx-
ous desire 10 everywhere expressed 70 see some means
adopted towards ~ development Tho impoverished
condition Of the state fosbds the people making any sf
fort in that direction and Northern capital and enter
prise must take the initiative II anything practical Is v
be achieved. eN.t
In the region Of Southwestern Virginia iron ore in
quality a nne a. england or Sweden produces, and in
quantity greater than prevails in Pennylvania lies ~
most untouched From the Blue Ridge TO Wed vhginn.
and from Rockbdge county to The Tennessee line iron
abounds II Ia true facilities do not exist in the Snaps
OF available roads for the transportation OF machinery
and coal and the hauling away Of the metal; bas
railroad from LynchburE long ego projected were m.
tions OF the Southwest It would inevitably draw capita
| amer II for investment in the mines. t..sf.
In me counties OF Carroll. Floyd and Montgomery
the latter on the line Of the Virginia and Tennessee Raj
ro.d-coal copper, mountains Of iron, gold bearing
Quartz and suIphurss Of lime extensively prevail In tAs
section Of country the water supply large and unfang
The mountain streams on every side, and fue
wood 10 abundant But Virginia has other minerals !,
sss r. q
we1 recently discovered. In Prince william and Far
Sa ne ne e
tai remains persstsptly away Marble has bssn oesd
10 more than three different counties but though ths
spirit or discovery evidently abroad no tangible 70
suits have yet been effected Passing over the noun
tains into Yves. Virginia, We ind Pitssborg companl
NINE, and though their shaft has been sunk but my
eight feet they have already made acquaintance Win
metal !. sPs "a,
miles Of coal 70 last her through u,