Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-05-08
TIE MANUFACTURING INTEREST
Col. COIyar ON the situation.

4 Too much attention cannot be directed
to this important interest in our city. In
as much as our types played such sad
havoc with the reported speech of Col.
Faulkner before the meeting of the Board
of Commissioners for the Tennessee manu.
featuring, confounding his remarks with
those OF Col. Colyar, we are pleased to in
sert the following explaining the matter
and presenting the views of Col. c. in a
succinct and plain form, commencing them
to the people interested:
To the Editors of the Union and American.
NASHVILLE, May 5, 1S69,-In your re-
port sf the proceedings Of the meeting
held yesterday, under the Charter of the
Tennessee Manufacturing Company, your
type settlers did me an honor which would
be fattered by, il il was not robbiDg Nj.
Asa Faulkner of the credit Of good
speech to which he is justly entitled.
Mr.. Faulkner is 3 most worthy man,
lives in the country and is unused to city
ways, and modestly consented to make the
speech upon being requested, exhibiting
much difidence, as well as good taste, in
The valuable facts which he presented
In speech of half an hour, -
Now, for your type settlers 10 victimize 30
modest and unsuspecting a gentleman,
even when the hattering credit Is given 10
myself, is a species of crime which could
not by silence aid in perpetrating, even If
stealing had the sanction and was backed
up by ely ordinance. Being from the
country only a short time myself, / can
not indorse city ways TO this extent.
10 view Of the fact that many men are
putting their capital into the Tennessee
Manufacturing Company, which for its
success depends more upon the price of
fuel than any one thing, / am unwilling
that facts in reference thereto should be
misconeeived. My remarks on this sub
ject, as reported, are at lesst subject TO mis-
conception.
Coal for manufacturing purposes cannot
and will not be sold at Nashville for So so
per ton. This Is not done at any manu-
featuring city in the United States, except
Pittsburg, and not even there TO any great
extent. Coal is now worth 81 rs per ION
at Philadelphia, and from 81 TO SO at
Boston. Coal will be sold at Nashville
for the next ten years cheaper than at any
of the manufacturing towns in New Eng
land, and as cheap as at most of the manu-
featuring towns in Pennsylvania. The
Tennessee Coal and Railroad Company
has for the last two years supplied
the manufacturers who have purchased
large quantities at a price not exceed
ing So per ton, and as stated yesterday,
our Company has been supplied with
100, 600 bushels at 81 so per ton. The
Company, struggling with life without
capital, has been compelled to trade at
times to a disadvantage; but it is the
judgment of those who own and manage
this property, that the interest of the
| Company demands the sale of cheap fuel
| that money is 10 be made by selling large
| quantities of coal at small profits. Bot
the best guarantee which can be given for
cheap fuel, is the laws of trade. Compe-
tition in Tennessee will prevent excessive
| prices; and the practical question is, what
can manufacturing coal be delivered at
| Nashville at, allowing a reasonable profit?
| A profit must be made, and the profit de-
I manded will depend very much on the
| quantity which can be shipped and soId.
At frat rate mine, "a the Sewanee
l mine is, coal can be mined and put on
| the cars at cost of four or four and a
half cents. the freight, including expenses
over our own road, will be from ak 10
seven cents, depending upon the amount
shipped.
The ordinary privacy of business
might not entitle the public to these facts,
but they are given, knowing that intelli
gent men, applying the laws of trade to
| them, viii be better satisfied as TO the
| future price of coal than they would be by
the promises of any man or company.