Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-07-30


cannot allow it to pass unuoticed, consis
tently with our duty as public journalists.
Navarsa Guano Company Of Wilmington
| Under the above name, Company is
now forming in our city for the purpose of
manufacturing Superphosphates. A SINH
| lar effort was undertaken a year Or two
since, and the stock taken, but was subse-
| quently abandoned on account of the im-
poverished condition of the people, the
failure of the growing crops and the low
price which all farm productions were
bringing. Under more favorable auspices
the effort is again renewed, and with the
best assurances of success
! 1t is proposed to raise a joint stock COM
pany of twelve hundred shares of one hun
dred dollars each. This amount is believ-
ed to be amply sufficient to purchase site,
erect the necessary buildings, purchase the
machinery and materials and place the
company upon firm footing. It is inten
ded to erect extensive works at Hilton,
near this city, where site has already
been selected
Two-thirds or three fourths of the stock
has already been taken, much of it by lead
ing business men and farmers of this city
and section. Mr.. j. Eli Gregg. General
Evans and other leading planters of Mars
Bluff, South Carolina, have alone subscrib.
ed to one hundred shares of the capital
stock. The leading planters of Edgecombe
Io- HIn
ment of the Company will be in the hands
of gentlemen we'll known in this communi-
ty and whose names will assure the plant
ers of an article of reliable quality.
We understand that the basis of the Fer
tilizer or Superpnosphate to be manufacture
ed by this Company will be the celebrated
Navassa Guano, from which the favorite
superphosphates now used by our planters
are manufactured. The Guano will be
brought from Navassa Island, West Indies,
direct to this port, and the Company will
make their own chemicals, necessary in the
manufacture of the Fertilizer.
We hardly deem it necessary to urge up
on our people the value of the establish
ment of such Company in our midst. All
successfully operated business enterprises
not only accumulate large capital, but give
an impetus to business and provide employ
ment to large numbers of laborers, and
more than all, keep at home large por-
ton of the money expended by our people
for tho articles manufactured. The pur-
chase of Fertilizers has grown into vast
magnitude, and it increases with each year.
The experience of the world is that, when
judiciously exercised, the use of Super
phosphates upon landis the best investment
which farmers can make. In consequence
the demand for the various articles manu-.
| featured is only limited by the supply.
This new Company will, therefore, at the
outset, find ready sale for every ton of Su-
perphosphate which it will be able to man
ufacture, however extensive hay be it's
operations.
There are some advantages of the loca-
ton here which are superior to most any
other locality, and which cannot fail to
strike every one. We have here very ex-
tensive lumber trade with the West Indies.
Our frelghts hence are very light and con-
sequently require large amount of ton
mage. The difficulty which vessels find in
obtaining return freights, has been seri-
GUS obstacle to this trade. It is the excep.
ton when returning vessels can find sugar,
molasses, or even fruit to bring to Will
nlington, but they are generally compelled
| to load for New York and thence TO this
port. Consequently in furnishing freight
to Wilmington, this Company will not on
" do much for the commerce of the place,
but will be enabled to procure it at rates
not more than one-half of those paid by
similar companies in New York and Balti-
more.
In the second place, Wilmington is
much nearer the centre of the section in
which Fertilizers are generally used than
are the cities from which ID is now trans
ported, There will be Less delay in its