NP, RSTD 10/8/1862

From the Raleigh Standard
 
October 8, 1862
 
Chatham Railroad
   We learn that the Directors of this road have resolved to locate it from Raleigh by way of Page's, on the N. C. Railroad, eight miles from Raleigh; thence on the ridge to Haw river, crossing near Haywood; thence up the north bank of Deep river, by Lockville, to the Coal Fields. It is contemplated to build first the portion between Page's and Lockville, twenty-three miles; and after this portion is finished, to proceed in the construction of the remainder. From Lockville there is water communication with the Coal Fields, the dams and locks at and above Lockville being in good order. This portion of the road will be ready to let to contract during the present month, and planters in the eastern portion of the State will do well to take their slaves from proximity to Yankee gunboats, and employ them on contract on this road.
   Messrs. Washington, Hoyt and Murdoch are making iron at their furnaces on Deep river, said to be of excellent quality. Large quantities of coal have been mined, and it is lying at the mouth of the pits waiting for transportation, and we hope the Chatham Railroad will be pressed to completion, in order that the indispensable iron and coal there may reach the markets of the Confederacy. The expense of hauling one ton of coal by wagon from Lockville to Raleigh, thirty-one miles, is now eleven dollars and a half! It is now selling in this city for $18 per ton, whereas, if this road were constructed, it would be sold here at $5 or $6. Were the road now in operation, the stock would pay equal to any in the State. The purpose of the Railroad Companies of three States to establish foundries and forges on Deep river, to supply their own wants is a sufficient proof of the great importance of this road, and shows the necessity of its early completion. 

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