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The Resources of North Carolina: Its Natural Wealth, Condition, and Advantages, as Existing in 1869, by Bannister, Cowan & Company
Published: Wilmington, N. C.; Bannister, Cowan; 1869
THE
RESOURCES OF NORTH CAROLINA:
ITS NATURAL WEALTH, CONDITION, AND ADVANTAGES,
AS EXISTING IN 1869.
PRESENTED TO THE CAPITALISTS AND PEOPLE OF THE CENTRAL
AND NORTHERN STATES.
BY
BANNISTER, COWAN & COMPANY,
Real Estate and Financial Agents,
NEW YORK AND WILMINGTON,
48 Broad Street, New York; Front Street, Wilmington.
WILMINGTON, N.C.
1869
Page iii
PROSPECTUS
OF
BANNISTER, COWAN & COMPANY.
Real Estate and Financial Agents.
Established for the purpose of negotiating the sale of Southern lands
of all descriptions, and other property; also to induce Immigration,
organize joint stock companies, negotiate loans, etc. etc.
Principal Offices located at Wilmington, N. C., and 48 Broad Street,
New York Branch offices will be established in other cities of the North
and South.
TO THE PUBLIC.
We would respectfully state to capitalists and others desiring
profitable investments in real estate, mining, or manufacturing interests,
timber lands, water power, etc., that we are prepared to offer them
greater inducements than can elsewhere be found.
The principal fact which led to the establishment of this agency was
the existence in the South of so many very important, and, in most cases,
wholly undeveloped resources, which for their proper development require
capital, and which, by such development, would undoubtedly result in great
prosperity and wealth. The capital, in abundance, is in the North, seeking
opportunities of profitable investment, while the opportunities, in like
abundance, are in the South, awaiting the capital. What is now needed is a
means of bringing them together. This our Agency proposes to furnish.
We are also prepared to negotiate loans upon the best of securities,
and at liberal rates of interest. There are numerous industries in the
South which are crippled, to a great extent, for the want of a little more
capital. Loans can readily be negotiated upon abundant security, bearing
interest at from ten to fifteen
Page iv
per cent. per annum. We invite attention to this branch of our business.
It is our intention to publish, at an early day, a catalogue of lands
and other properties placed in our hands for sale; and also to solicit
from all who desire to see a complete schedule of such properties,
permission to place them in our lists, in order to exhibit, as completely
as possible, a classified statement of mill sites and mill properties,
iron mines, gold mines, timber tracts, and other conspicuous properties,
to which the attention of capitalists is invited.
This catalogue will be frequently corrected and extended, making, a new
issue at intervals of not more than two months, and it will therefore be a
reliable guide to the development of all the properties to which it will
refer.
For copies of these Catalogues, please address, at Wilmington or New York,
BANNISTER, COWAN & CO.
REFERENCES.
Hon. HORATIO SEYMOUR, . . . . . Utica, N. Y.
Hon. George DAVIS, . . . . . Wilmington, N.C.
Hon. Wm. A. GRAHAM, . . . . . Hillsboro, N.C.
Hon. THOMAS. BRAGG, . . . . . Raleigh, N.C.
Hon. Z. B. VANCE, . . . . . Charlotte, N.C.
Hon. W. N. H. SMITH, . . . . . Murfreesboro, N. C.
Hon. ASA Biggs, . . . . . Tarborough, N. C.
Hon. H. T. CLARKE, . . . . . Tarborough, N. C.
Hon. R. P. RANNEY, . . . . . Cleveland, Ohio.
Hon. H. C. CALKINS, M. C., . . . . . New York.
Hon. F. E. SHOBER, M. C., . . . . . Salisbury, N. C.
Hon. C. B. BROOKS, . . . . . Judge U. S. Dist. Court, N. C.
Hon. D. W. BAGLEY, . . . . . Williamston, N. C.
Col. R. H. COWAN, Pres't W., C. & R. R. R. Co., . . . . Wilmington, N. C.
Hon. R. R. BRIDGERS, Pres't W. & W. R. R. Co., . . . . . Wilmington, N. C.
Hon. JESSE R. STUBBS, Pres't Wil. & Tar. R. R. Co., . . Williamston, N. C.
D. P. EELLS, Esq., Pres't Com. Nat. Bank, . . . . . Cleveland, Ohio.
E. E. BURRUSS Esq., Pres't 1st National Bank, . . . . . Wilmington, N. C.
J. DREXEL, Esq. (of Drexel and Co., Bankers), . . . . . Philadelphia, Pa.
JAMES DAWSON, Esq., Banker, Wilmington, . . . . . N. C.
S. N. KENYON, Esq., Cashier Citizens' Nat. Bank, . . . . . Fulton, N. Y.
Maj. JOSEPH A., ENGLEHARD, . . . . . Editor Wilmington Journal.
Page v
Capt. JOHN S. DANCY, Ed. Reconstructed Farmer, . . . . . Tarborough.
Gen. W. W. HARLLEE, . . . . . Mars Bluff, S. C.
Gen. C. 0. LOOMIS, . . . . . Coldwater, Mich.
Col. HENRY A. GILLIAM, . . . . . Edenton, N. C.
Col. E. D. HALL, . . . . . Wilmington, N. C.
Col. J. S. CANNON, . . . . . Norfolk, Va.
H. B. SHORT, Esq., late Pres't Green Swamp Co., . . . . . N. C.
Messrs. A. G. CATTELL & Co., . . . . . Philadelphia.
Messrs. D. K. HOUTZ & CO., . . . . . Philadelphia.
Messrs. ROWLAND & ERVIEN, . . . . . Philadelphia.
Messrs. SAMUEL BOLTON & CO., . . . . . Philadelphia.
Messrs. KENYON, POTTER & CO., . . . . . Syracuse, N. Y.
C. B. HANCOCK, Esq. (of Kingsbury, Abbott Co.), . . . . . New York.
Page vii
CONTENTS.
GENERAL ADVANTAGES ARISING FROM THE POSITION OF NORTH CAROLINA . . 5 to 7
Configuration and General Surface . . . . . 7 to 9
Forests of North Carolina . . . . . 9 to 13
The soil of North Carolina generally . . . . .13 to 17
Sandy soils of the Pine Lands . . . . . 18
The Middle District; the Piedmont Lands . . . . . 19 to 21
The mountain and valley soils of the western part . . . . . 21, 22
Staple Crops: Cotton . . . . . 22 to 24
Rice . . . . . 24
Indian Corn . . . . . 25, 26
The Wheat Crop . . . . . 26
Other grains: Peas, Potatoes, etc. . . . . 27, 28
Fruits, Grapes, Wine, and Market Gardening . . . . . 28 to 32
Garden Products . . . . . 32
The Ground Pea, or Peanut . . . . . 33
Mineral Resources of North Carolina . . . . .34
Iron Ores and Iron Works . . . . . 35 to 38
Gold Mines . . . . . 39 to 43
Silver Mines . . . . . 44
Copper . . . . . 45, 46
List of the principal Gold, Silver, and Copper Mines . . . . . 47 to 53
Silver Mines . . . . . 50
Copper Mines . . . . . 50, 51
Lead, zinc, etc . . . . . 51
Chromic Iron . . . . . 52
Iron Pyrites . . . . . 52
Graphite, or Plumbago . . . . . 53
Mica . . . . . 53
Diamonds . . . . . 53
Limestone, Marble, Building Stone, etc . . . . . 54 to 58
Marble . . . . . 55
Granites and Building Stone. . . . . 56
Grindstones and Whetstones . . . . . 57
Millstones . . . . . 57
Serpentine . . . . . 58
Roofing and Flagging Slates . . . . . 58
Page viii
Soapstone . . . . . 58
Fire-Clay; Porcelain Clay . . . . . 59
Bituminous and Oil-bearing Shales . . . . . 59
Native Mineral Fertilizers: Marl and Phosphates. . . . . 59 to 62
Mineral Springs . . . . . 62, 63
Watering Places of the Atlantic Coast . . . . . 64
Mountain Scenery . . . . . 65
Linville Falls . . . . . 67
Rivers, Falls, and Water-power . . . . . 68 to 73
Number of Cotton and Woolen Mills, etc . . . . . 72
Power-manufacturing in North Carolina . . . . . 73 to 75
Number of the Principal Mills, etc . . . . . 74
General Development of Manufactures . . . . .75 to 78
Table of Manufactures, all classes . . . . . 76
Tobacco Manufacture . . . . . 77
Tanneries . . . . . 77
Turpentine Manufactures . . . . . 77
Lumber and Shingles . . . . . 78
Cost of Labor . . . . . 79, 80
Table of Prices of Farm Labor . . . . . 79
The Trade of Wilmington . . . . . 80, 81
Exports Coastwise . . . . . 80
Exports Foreign . . . . . 81
Railroads and Internal Communication . . . . . 82 to 86
List of Principal Railroads . . . . . 83 to 84
Freights and Sea Transportation . . . . . 86
Fisheries and Fowl Shooting of the Coast . . . . . 87 to 90
Duck Shooting on the Sound . . . . . 89
The Climate of North Carolina . . . . . 90 to 95
Table of Temperatures . . . . . 93
Table of Average Quantities of Rain . . . . . 94
Proportion of Improved and Unimproved Land . . . . . 95 to 100
Review of the Agricultural Resources of the State . . . . . 100 to 103
Availability of the Coal of Deep River . . . . . 105 to 107
Sentiments of the People . . . . . 107 to 106
Convention of Railroad Presidents, etc . . . . . 110 to 114
The Changed System of Labor . . . . . 114 to 116
Adjacent States . . . . . 116
The Resources of North Carolina - End of Introduction
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