New-York tribune., 1867-04-25
PROGRESS or THE .iNTEMONOPOLY RAIL
WtT POLICY

WAY POLICY
One of the most beneficial aspects of the
present state of things is the determination OF
worthy SoutherneIs in different States to use
increased energy in developing the vast natural
resources of their respective sections. The
resolutions of the Virginia Legislature, to which
we referred a few days ago, are worthy ex-
pressons of sentiments that are finding cOunte-
nance among the masses in all portions OF the
South Industrious emigrants are earnestly
invited from all quarters, and capitalists are
pointed to the opportunities for profitable invest
ment in developing the latent wealth of the
mountain regions, ns well as Of the cotton and
sugar lands. The capacity of the soil for nearly
all sorts of crops, in different localities; the
cheapncss of farming and mineral lands; the
abundance of watcr-pOwer, and other induce
ments for establishing manufactures - are
all nghtfully presented among the attrac-
tons for capitalists as well as lab0rers. And,
i'm reference 10 the manufacturing business,
our Southern brethren are assured that we
have no jealousies against their emlarking
in all sorts of manufactures that may render
them Just rs independent of the North or OF
any other region as they choose TO be IN
those respects. The failure of similar efforts
hitherto should not discourage any of those
who are now inclined to consider and adj
vance those great objects; for the causes which
then rcpeled emigration no longer exist, hav-
ing disappeared with the advent of changed
relations between labor and capital. The pres
cnt mtimations from the South are natural con-
sequences of the new order of things; and wise
are they, South and North. who earliest recog-
nize and improve the opportunities which the
Southern States now present for the profitable
employment of labor and capital i'll the ways OF
enlightened enterprise.
One of the cheering signs in this direction is
the energetic attention tO the subject of rail
ways for penetrating regions. that have hitherto
been barred against the progress OF improve
ment by the deficiencies of transportation for
freight and passengers The discussions Ill
Southern journals, aDd the conversation and
eorrespondence of Southern men, indicate that
active efforts are now ia progress for remedy
ing some of the evils in this way Naturally
enough, those who seek progress examine
carefully the means which promise most decs-
i've success; and consequently, in advocating
railroads through their present sequestered re-
gions, they adopt that policy which promises
greatest benefit through its exemption from
evils that have too largely cursed the existing
railways.
Hence, the plan proposed in Loxenzo Sher-
woods memorial to Congress, to which we
lately directed attention, in connection with
three railroad bills introduced by different Sen
ators, is now adopted by North Carolnans for
a projected railroad from their seaboau into
the interior of the Union. The strict business
like character of the financial proposition
cutting off spurious stock and other handuiehe
operations, which have banLrupted so many
railroads or crippled and overburdened thenl
with fictitious capital requiring high charges to
make dividends on inflated stoek-is one OF the
features in the Sherwood plan that strikes eiem
most favombly; while the project oil roaming
trains with equal speed, 50 as TO centuple tae
freightng capacity of the roads, ana Pftieu,
larry the Anti Monopoly Principle, whnh Won"
throw omen the new railways like eanals) 70
au forvarlers who choose t0 run trains, pay
tolls. and conform to- Eigid regulations insufins
equal rights, attract. as they we'll may attract
widespread attention among rejecting mefl
southward, as they are doing Northward
Some of the htest evidences ON these latter
polnts is furnished by The Union Register OF
Grecpsloronch. North Carolina, the editor ol
which. Mr. Tourgec, aud others in that State
aud tennessee. have framed Oii ior lni''