The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1865-10-18
rhn Ar&izal.ns Foraign eapitalists.

Rv the arrival of the Scotia, yesterday, large
number of our countrymen and others from va
riaus sections of the country had the qualification
of welcoming quite a number OF gentlemen from
ENGLAND who are the representatives OF the Brit
ish and European capital, and who are especially
interested in railroad enterprises on the cont
nent The parties ofTisitors consists Of thirty
two persons, many of them distinguished for
their wealth. others for their scientific achieve
ments,, and otaerss also, for, making known,
through their literary ability, the progress of
commercial enterprises, which may benefit man
kind Five, in the last classification, are gentle
men who come here as representatives of the
chief London Journals, and they will regularly re-
port'through their correspondence whatever they
NAV perceive in their tour through this Western
world that may be worthy Of the. attention OF
foreign capitalists.
1t will be perceived at once that this is no TIL
vial mission. We have had soldiers, reformers,
and even princes, to make the tour of this coun-
try in the public way, but never have hao SO mi
portant body to welcome as the. present one
The party have come at an important epoch IN
our history. Their puT45ose is to carefully sur
yey our railroad system, the character and work
ing arrangements of, our roads, and particularly
to notice those which have been built by the aid
of foreign capital That they may have every
facility for learning all that is to be. known On
these Important subjects, special trains will be
provided for them, that they may be transported
from point to point with ease, security and pronp-
titude, and with as little fatigue as may be pos
Sible while fulfilling so onerous a mission. Our
principal railroad men of the Northern and. Mid
die States have been active in addressing them
selves to these guests Of the country, and such,
of our Southern capitalists and enterprising man
ayers of railroads as are here, are equally alive to
the Importance of introducing gentlemen OF so
great influence abroad to knowledge of the
vast profit to be derived. from the application OF
capital to the wants of the railroad companies IN
the South The enterprises in railroads in the
South are not like experimental affairs or like
those in which competing capital oTcr-desiSns
and creates the meaps Transportation. Every
road in the South is a necessity of, the popua-
ton and essential to the increase Of production,
and with the new order of things will become
vastly more remuneratire than at any former PEI
rfod Hence capital maybe safely directed to-
ward the South. The exhaustion. Of the. war
calls for repairs and renovation, and capital we'll
applied will more wisely be expended, We think,
on Southern railroads than On those whicfH are
under the disadvantage of great AMI still ipcreas-
ing competition. However, he @cutlemen on
this mission, who represent an enormous amount
of british capital, will be able to draw their own
conclusions after they have made their surveys,
and we shall be much surprised if in their re-
ports to European capitalists, with whom they
arc associated, they DO not justify the views we
have expressed with regard to the splendid field
for investments noRsopen at the South.-Aeeg
York NearS. 49,