The Portland daily press., 1865-08-02
THE PROSPECTS AND WANTS OF THE
SOUTH.

4. g 80
One of our Southern exchanges, the Nor
folk Old Dominion, has, under the title
"Chances for Business Men, some sensible re-
marks on the wants and the opportunities
which at present appear in those states lately
over-run by the rebellion. {t-
Congratulating the country at large on the
fact that the return Of peace which has put an
end to the race for contracts, and the general
collapse Of the oil bubble, have closed UP tive
of the avenues of feverish speculation, it pro.
ceeds to point greatly preferable field for the
investment of unemployed Northern capital
Throughout the South every enterprises
commerce and Of agricultre-and especially
of cotton manufactures-is languishing for
want ofmoney. Heretofore the inducements
offered to invest in cotton manufacturing in
the South have been small, but the Old Do
miniol insists that with the abolition of slav-
cry the great bar which formerly existed i
taken away. 1t says:
"Here, within easy railroad distance, the
great staple of the country is produced, an.
here it should be manufactured. BY reasoi
Of her inexhaustibe water privileges, Virgini.
In the future should become the great manu-
featuring State of the Union, and in this res,
pect offers unrivaled inducements to the CAPT
tai and enterprise Of the whole North
The last crop of cotton raised in the United
States before the war was 100000 of bales
AT that period cotton manufactures were
springing up all over the South, and especially
was attention given to this subjectin Virginia
Bat the war put stop to all such enterprise
and has leltui almost where we were twent.
years ago. Our citizens are too poor 10 al
te nptt to rebuild this business at present, and
it j. to be done at all, it viii have to be per
formed By Northern men with Northern CAPT
senses than one-not only personally, but
viii aid in rendering this section less of
burden upon the national government in a.
pubic expenditures, and increase our ability
to pay our debts and taxes M ~
We approve these views, and that for rea-
son in which the Old Dominion perhaps viii
not agree with US. There is no question bui
the writer is correct in his view of what thu
material interests of that region demand. The
kind of projects he advocates are destined tc
be the salvation Of the South, in more way
than one. Northern capital and Northern
manufactures. carry with them Northern FIRE
laD0r, anu NOrtlSlu tu6ua. treS tdDor lltfcN.
and it is pretty likely to consider its own init
rest before those of any caste or color. 1t il
not in vain that it has learned the lesson O.
what power liesin combination, and transfer
rel to the South it win not take it long to find
out that whatever wrongs and keeps down any
class Of laborers keeps down labor, that al
are wounded when portion are struck
'We want everything Yankee except Yankee
IDEAS" said Richmond paper recently. The
South may congratulate itself that the Yam
kse never goes anywhere without taking his
ideas with him. Those old prejudices of his
in favor Of freedom, equality, and the rights
of men are ingrained in his nature, you can.
not hill them unless you kill him. And wher-
ever he establishes himself there he plants the
principles which actuate him, and they have
never failed hitherto to spring up and bear be
neicent fruit. Now that the one great nox
iou5 veal, which overshadowed and poisoned
the soil Of the South, is rooted out, that sol
is ready for the good seed of free principles
and gracious harvest shall coming genera
tons reap therefrom.