There are five papT mills now in operation n Noith Carolina, and another with a capital it $25,000, is in process of erection, about six niles trom Raleigh. The two mills near Raleigh (the '"Manteo" and the "Neuse" consume annually about one million nid a hah pounds of old rags ; and the other our mills viz: at Fayetteville, SheHiy, Lin-oln and Salem, as much meremaking 3,000 000 of stock used annually in North Carolina.