Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-01-19

We have lately hsd much to say upon
q pleasing theme-tbe general prosperity
of the South. This morning We propose
hat others, equally competent, shall be
heard on the sams suhjeo-. First we
quote the New York Herald, which re-
Gently, in its {" money article" said
Forty or hfty millions Of dollars have
gone South, and have been, or viii be,
absorbed there. 9he flow Of currency in
that direction, at ths present time, is
still going on, but on q diminished scale.
Mora VIII 60 ia the spring in the shape
OF Northern eSpital, which, uuder the
temptation Of the high price cf cotton,
is seskiug investment there. Emigra-
ton has set in, sad there viii Re strong
current in the spring. The revival OF
cotton culture is s fever just now with
capitalists.
The Mobile (Als.) Register and the
Selma (Aia Times says:
We DO not believe there was ever, bs-
fore the war even, a5 much surplus mo
ney in Alabums as there viii be W2en
the crop Of last year shal have been dis
posed o..
The New York correspondent Of the
New Orleans Ec0yune, in 3 reosntly
published letter, says:
There is just new aIaTgo demand for
the securities OF the Southern States.
based on the prospective improved som
ditiau Of those States, and prices are
daily hardening. There i5 also more
disposition to pu5 capital into Southern
lands, the present hlgh Fstes for cotton
being "a great stisuulus IN thi5 direction,
and for several months to come green
backs will De flowing thither.
The Washington correspondent Of the
New York Journal Of Commerce gives
the following statements Ia relation to
the South:
Evidences abGu3ds that Northern cspi-
tEl is seeking 81 outlet IN b South
Many persons pEss through here every
week on their way sOuthward tn look for
lands, aud at other business enterprises.
The opportunities fOr investing IL lands
ia that part Of tae country are excellent.
There is muca greater v~ilinguess by
owners 10 sell, both 70 Northern men,
and to the la0Cring population also. Mil
lions OF acres OF good land can be pgT-
chased now as small prices. Planters
find that win 3 smaller aEmber Of acres
and more thorough cultivation, they do
better than Was the case ia the old SLOW
enly style. Manufacturing enterprises
are projected, and mining will be enter
ed into vigorously in macy sections
where nothing OF inst SOFT mss ever been
done.
The New York Aeroaah}s Journal
ssys:
Attention Is turning Co the interior
trade Of the country, and the people are
directing their energies 20 agriculture
productions. We have already more
than once Of late referred &c tHe fzt.ering
prospects CT the cotton cc00u Of the South.
Mr. NEANDER RICE, Of Florence, Ala
in q letter to the Florence Journal CT
Saturday, says:
I have received several letters from
Northern gentlemen. and besides, have
seen several more that have been written
TO others Of my acqusintRncsg ell these
relate to the same ri jscts, Va: rs
10 the chances OF getting farms il this
section, the price Or land, the s5sts Of 500
ciety, hea5 th Of the country, lis products 8,
and bow E8rlhsra men would be treated,
etc.
And the Wafer VdUsy lMisg-) Eagle Of
Saturday sayE:
Cotton factories sTs getting TO be " Ell
the rage" in Mississippi, and throughout
the Southwest. We hesE Of new mills
completed, o. new companies Of sJJCb
holders organizing 70 60 into the eX-
tremaly profitable business o. mauufEo-
turing cur great seaplah every Gsy.
hardly bsEe Up a Southern pager
seeing a new notice OF ECm5lhiEE |
Of the sort. II not O cotton fsctOry, il il
some new and much needed railroad
Is to be buI5.
This is enough Tor one day We viii
produce other evidences shortly,