The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-17

IIUurpt lutLWotLl l11 I'M y NDtlvAAtRrt ~ = 4
lis not the expeditions of political
I5peakers that will do good II is the
Visits to the South of honest men who
have no political ends TO serve which
Should be encouraged. KS
( we speak Of The openings for yhpT
Iisai Ihese Openings ~Af0 -ofAtw0
classes; the first in the way Of loans
ofmoney, the second in the way Of
purchases IF property, There .isa III
course, apprehension on the part OF
Northern men that the values Of
Southern securities maybe over esti-
mated. But we are persuaded that
there can hardly bea lower depth than
has now been reached Certainly II
His impossible that the real estate oi
the South can be ever worth less than
|it is now offered at. 2 There are no
better securities in the world than are
now proposed ia bond and mortgages
ON Southern real estate. The margins
are ample on the present low yaiua-
ton, while they are from four. iltns 70
nine -tenths Of the value Of the proper
ty eight years ago. We have seen I'M
proved property of the best, class,
which was, saleable before the war at
$50, 900, offered now for 5000, and q
loan asked on it of $4,000, without
taker. We have seen plantations Tor
merly worth ten dollars an acre, in
Guiding cleared, swamp and timber
land, now offered urgently at one dol,
lar and quarter an acre, without
finding purchaser, The, general I'M
preston is SO great that men are
anxious only for little money on
which to endeavor to make new
start from the very beginning. They
regard their present ruin as absolute.
/ The question for capitalists is OF
course simply, whether the future
promises better state of things and
higher values. 1t is impossiblei 70
look over the rich lands of the South
and doubt that they will again here
afteras heretofore produce wealth, and
sustain commercial and political pow
err The world want their produce,
and the world will have it. If last
years crop had not proved to so many
a failure, this year would have
done much to increase values
and arouse industry. # ,gfI
4 And it isja great error in Northern
men to suppose that the Southern
agriculturalists are old fogy, and need
Northern education Let it be under
stood distinctly that no man knows
better, how to grow cotton or rice than
the Southern planter They have
devoted their lives to. it. They are
men of education and experience, who
have studied with the utmost care for
many years the most effective methods
of cultivation, The Northern man
who goes there to plant must expect
to learn, not to teach. The results of
their labor are abundantly known in
the past (; and the whole country would
ask nothing more now than to see
those annual results restored to what
they were few years ago.
There is every reason for directing
the attention Of capital to the South.
ern States. The opportunities for
safe investment are abundant; and If
the investor seeks to speculate, there
are sure openings for increasing his
capital two, five and ten fold. There
is no point where this is more manifest
than in the neighborhood of Augusta,
one of the most splendid residences at
the Sand Hills, known to all travellers
in old times as the abodes of health,
wealth and luxury, are in many in
stances offered for sale at prices fabu-
fously low, and plantations near that
city are to be purchased at rates which
must be doubled within year if the
crop be good one. Who can doubt
that this portion of Georgia will rapid
" develop wealth? Georgia itself is
one of the most remarkable States, in
natural wealth, on the earth's surface.
Within the boundaries may be grown
nearly every article of food and luxury
known to the tropic and temperate
1898 bananas, and ORANGES. tea and
coffee, cotton and corn. apples. melons,
peaches, potatoes, whatever the United
States and Cuba can produce, Georgia
can also produce within her limits.
Her mineral treasures are also vast
ind varied; gold and iron and other
metals abound in her mines Slate,
and other stones are in her
Iuarries. Certainly here is State
whose prospect of wealth in the future
ought to be beyond a doubt