School History of North Carolina : from 1584 to the present time

by John W. Moore

1878.

5. No employment, except agriculture, exceeds in importance that of the merchant. North Carolina is shut off from foreign commerce by the sand barriers on the coast, Only at Beaufort, on Old Topsail Inlet, can be found such an entrance to internal waters as promises safety to the mariner who would approach with his deep-laden vessel. But, while this has precluded the possibility of great commercial activity in North Carolina, there has not been a lack of men, at any period of our history, to illustrate the dignity and importance of legitimate traffic. Cornelius Harnett and Joseph Hewes were as conspicuous for financial success as they were for patriotism during the Revolution.

6. With the return of peace to the belligerent States, North Carolina was commercially prostrate. The merchants and the banks were almost all ruined in the general impoverishment of their debtors. The supply of cotton which remained on hand at the cessation of hostilities was about all that had been left, in the general wreck, upon which trade could be again commenced with parties at a distance.

7. Raleigh had never been recognized as a trade centre. A few stores on Fayetteville street, between the State House and where the Federal building now stands, were the representatives of their class in the city. Cotton was very little grown in that region of the State, and no market for its sale had even existed nearer than Norfolk and Petersburg.

8. But this state of things was not to continue. Numbers of young men, combining great energy and judgment with small capital, came to the city and began the work of expanding its trade and resources. It has not, like Durham, risen up in a few years from almost nothing, but so great a change has been wrought, that the story of its growth is one of the most striking incidents in the State's history. The extension of the railway lines has opened up new custom in many counties that had never previously dealt with merchants of the place.

9. The development of commerce and manufacture is the great hope of the "Old North State." The enterprise and capital of this and other communities are seeking opportunities of investment, and the day is fast coming when North Carolina will rival Pennsylvania in the variety and excellence of her manufactures. The "Cotton Exchange" of Raleigh is aiding very largely in building up the business of the city to vast proportions. The quantity of cotton sold in Raleigh has been rapidly increasing annually since the war, and the receipts for the year 1880 amounted to over seventy-six thousand bales. In 1869 the entire product of the State was only one hundred and forty-five thousand bales.

10. In the towns and cities of North Carolina may be found a considerable number of Israelites engaged in the various branches of trade; and this class of our citizens has added no little to the general growth and material prosperity of the State. They have synagogues at Wilmington, Charlotte, Raleigh, Goldsboro and New Bern.

11. About the year 1878 the example of the Federal government and that of certain Northern States induced the State Commissioner of Agriculture to establish a fish hatchery at a mouth of Salmon Creek in Bertie county. This establishment has hatched and liberated a very large number of shad and other varieties of fish, and valuable returns are seen in some of the rivers that have been in this manner replenished with this savory and abundant source of food. It has been satisfactorily demonstrated by Seth Green, of New York, and other naturalists, that fish which are spawned in fresh water and reared at sea almost invariably seek the place of their birth in the spring, when they reach maturity.

12. In addition to this artificial increase of the supply of fish, there have been large additions made to the means of their capture. The use of steam in the handling of the long seines and the great weirs known as "Dutch Nets," have opened the way to an indefinite increase of the amount taken, while the use of ice and rapid transportation make it possible to deliver the fish fresh in the markets of the Northern and Western cities.

13. This trade is also supplemented in the same region by such attention to the growth and sale of vegetables. All the requirements as to position, soil and climate are abundantly filled by the counties with alluvial soils along the seacoast. Heavy crops of Irish potatoes and garden peas are reared on the same land which, later in the year, supplies a second crop of cotton and corn.