| From the Hillsboro {N. C.} Recorder |
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| July 27, 1864 |
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| Chatham Railroad |
| We are pleased to learn the
fine prospects of this important work. One individual has lately
subscribed $100,000 to the stock of the company and the stockholders of
the Raleigh & Gaston Railroad have authorized a further subscription of
$300,000. The coal of the Deep River valley is found to be of a better
quality for blacksmith and foundry purposes than any in the Confederacy,
and is necessary to carrying on the workshops of North and South
Carolina. The iron found in that region produce among the best in the
South, and a company, with a subscribed capital of over $1,000,000,
contemplate the immediate erection of new furnaces and another with
small capital, is busy at work at Buckhorn Iron Mountain. One rolling
mill is in process or erection and another contemplated; and we believe
the Government will be obliged to remove to the Deep River Valley, where
ore and fuel lie side by side, some of the most important manufactories
of implements of war. The Government, with a sixe forecast, is aiding
the building of the Chatham Railroad. |
| Raleigh Confederate |
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