Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1867-05-31
Northern Capitalists and Northern roll
tIciRns.

Northern capitalists are peSlniiAs "
take an interest in the numerous inviting
folds for investment offered by the South. !
We have long thought that as soon as
,,on;ed men could 1e satisfied that the po-
1;+icaI warfare which Northern politicians
rrara waping upon the South was at an
end, that there would be an lnfiux Oh capl-
tai into this section sufficient to revolution
i've the present stagnation and secure ii
ranid progress and early prosperity The
South has really suffered more in the last
two wears by the merciless party persecu-
tion and paper war, inaugurated and car
ried Oh by men who, for causes best known
to themselves, took no part in the shock of
arms which preceded, than it did for any
similar length of time during, the war;
Not only have political uncertainties and
excitements paralyzed the energies of our
own people, but frightened away capital
which would have sought investment here,
and turned from our borders industrious
settlers, and in their stead filled our land
with worthless political preachers and ON
issaries, whose efforts are rapidly destroy
ing the usefulness of our laborinG pOpula-
ton and dividing, with bitter cnmitles, the
whites and blacks-divisicns which must
result most disastrously to both races.
The very philosophical and commenda-
bile conduct of the Southern people, III de-
voting themselves assiduously to the great
work of restoring their former prosperity,
and gracefully and quietly submitting TO
laws as unjust as they are harsh, is begin
ming to bear legitimate fruit i'll restoring
confidence in the minds of capitalists in
spite of the dark and threatening clouds
which hang over our political future. We
have, once or twice, referred to the fact of
investments being made in the mineral re-
gions of this State by Northern capitalists,
and day or two since we recorded the visit
of several prominent Pennsylvanians to
Virginia, with q view to investing in that
State Everywhere they were greeted
with the kindest welcomes, and although
their labors will rebound directly to the
welfare of all classes of the people, especially
The blacks, no gaping crowd of idlers fol-
lowed their movements no loyal leagues !;
no army bands no paraies of any sort
hailed the coming of these genuine recon-
structionists. No regiments of soldiers
were present to protect their person or Sc
cure them the right of free speech their
protection was in the uprightness and in
tegrity Of their motives, their welcome in
the hearts of honest and industrious citi-
Zens.
If the people of the Northern States sent
forth millions of their bravest and best men,
and expended thousands of millions of dol
lars really to save the National life and pre-
vent the dissolution of the Union, the full
filment of these nobler purposes can better
be subserved by sending South such repre-
sentatives of Northern feelings and purpo-
ses as Mr.. Houston, President of the Penn
syIyania Railroad, Mr.. PATTERSON, Presi-
dent of the Western Bank Of Philadelphia,
Dr. EAAIERsoN, Mr.. SKULL, and their com
panions, than whole Congress of such pol
iticians as WILSON and KELLEY, OF a whole
army of such Generals as BUTLER and HAw
LEY. IT, however, the blood was shed, the
treasury expended and one-half the land
desoIated by fire and sword, in order to in
sure the success of party, their baser purpo
ses can be secured, if not by the present
reconstruction measures, by others disfran
chising q yet larger proportion of the intel
ligence and responsibility of the South.
These questions the people of the NORTH
must decide, and by their decision mus
we abide. While deprecating the evil eff
fects of the visits and speeches of the Radi
cal orators who seem about to swarm among
us, we have no disposition to treat then
lily, and can pledge for our people that NJ
retaliation is desired or will be attempted
for the injury the prosperity and industr.
of the country will sustain by their efforts
On the other hand, to gentlemen who com
here to settle or make investments, we pre-
mise welcome by the industrious and law
abiding portion of our citizens. The effort
of such willbeto rebuild our towns, improv
our devastated fields, and do something t
heal the wounds of our people and reunite
as well as reconstruct, the government.
Since Northern men of character, by pei
sonal observation and experience, have de
monstrated to their people that there wa
really no danger to person or property a
the South, and since the failure of Radics
endeavors to fasten upon the Southern pee
pie the blame for the bloody riots whic
occasionally break out in our larger cities
we are glad to see one or moro organize
attempts to inaugurate and promote move
ments of settlers southwark. There Ia
been an effort made to induce mechanic
and small farmers from New England to It
move to various points in the South, an
an emigrant aid society has recently bee
organized in Boston with Northeastern
Florida as its objective point. Both {
these movements are meeting with som
success, and but for political troubles, W
have no doubt that these and many simils
organizations would accomplish their pu
poses. Besides this, capital, which is no
lying idle unproftably invested Nortl
would be used to build our roads, eres