THE LUMBER INDTSTKY IN EASTERN XORTJI CAROLINA. 115 

 CAPITAL INVESTED IN THE LUMBER INDUSTRY. 



The capital reported as invested in milling was $4,690,()0(). 

 This was engaged as follows : In milling plants, stock and live assets, 

 §3,471,100; in timber lands, $817, 432; in railroads and rolling 

 stock, $408,800. Seventy-four establishments reported that they 

 owned or controlled 630,700 acres of timbered land. Of this 

 298,700 acres were loblolly pine lands, 219,200 acres were white 

 cedar (juniper) swamp, 89,800 acres cypress and gum swamps, and 

 24,000 acres long-leaf pine lands. About 300,000 acres of this, 

 including the cypress and white cedar land, is owned, and the rest 

 is controlled for a limited number of years. 



The registers of deeds of ten counties reported $158,934 

 invested in timber lands in their respective counties, by logging 

 or milling companies of other States. This represented 114,995 

 acres of land. The swamp land amounted to 51,230 acres and 

 the loblolly pine lands to 63,765 acres. In this connection was 

 also reported 20,000,000 feet of standing loblolly pine, valued at 

 $22,000. This was situated in dates, Hertford and other north- 

 eastern counties. Bulletin Xo. 5 of the U. S. Census of 1890 

 reported 111,418 acres of yellow pine and cypress land, wuth an 

 estimated total product of 953,770,000 feet, board measure, of 

 merchantable timber, and a value of $346,885, to be owned in North 

 Carolina by milling establishments located in Michigan and Wis- 

 consin. 



The $408,800 invested in railroads and rolling stock represents 

 eighteen roads, w^ith 194 miles of track and their necessarv equip- 

 ment. Besides this there are eight railroads exclusively or largely 

 engaged in handling lumber and timber, which had 96 miles of 

 track, and were taxed in 1893 on a valuation of $256,300. 



The capital reported as invested by millmen in lumbering does 

 not by any means represent the total amount of capital engaged 

 directly or indirectly in milling. ' Forty-two establishments reported 

 171,800,000 feet, board measure, of their logs as having been 

 brought to the mills by outside capital. This is 31 per cent, of all 

 the logs brought to the mills. The number of persons engaged in 

 handling this timber, taking them to be 45 per cent, of those 

 engaged in logging, in the employment of the mills, was 1,300. 



