The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1869-12-16
MISCELLANY
Enrlish Investments in the
South:


,orb a large part Of the cotton rila"utae
turing interests is conclusvely proved D!
the nresent state Of afflirs. Of the mill
of New England, many Of :hern aF'
now closed ; others are running on 'h0r
time: while not one single cotpofat'ot
in the North, SO far as We know II
working up to its maximum production
The csase Of this semi-pr'stratlon IN
on. Of our most important interests II
plaiuly to be seen in the diminished
wants Of the people at high prices tho
falling off in the amount of EXPORTS au'
coas quo t'y, Il e.littlc, 'r in most cases
no margin afforded in selling the go'a'
At G Pen. as. Tiero't O. producing
a yard of COTTON Standard sheetinE III
Massachusetts and in Georgia exhibits
. difference OF fully tw.nty per cent
and over This is accounted fur IN va
rious vays: The slight difference IN
co,t of the raw material the freigh'lns
EXPENSES, which Of course, in Georgia,
ore done away with, the less expense OF
labor ia handling, &c, are a few ol
mos. important The result IS thai
every Northern manufacturer is conf
planning that present rates do not even
afford interest on tn cipital invested
in pr..per machinery. &c. BeS'd'' tue
Northern water powers are all absorbed
By mouied cvrpor ,tions, which, of.eourse
to bepe6, stockholders, are forced to
levy and collect as much rs poss'
BE for rruts, while the 60 'se pop
oulstion Of the North renders every
foot of grouud adjacent to these water
courses valuable for dwelling and bust
Dess purposes. Thus the mil owner
is obliged to contract his limits for
manipulating shr-arsirtes- -f1SrssH'eu"
the smallest space possible, "r el'e al
sIrb more space to u comparatively HI D
price, which the prospective profits DO
not warrant. In the South these water
powers are altogether more numerous,
aud, from the extent Of the majority OF
them capable Of eIer'ing more power
than those Of .he North, while the par
ties a. which eligible lands and sites are
now offered, compared to those of the
North, are decidedly low. English cap
itxlists are therefore a~aking to the
ercelleacy of the 6eld that offered for
Investment, and many of their agents
ara Vt this nomen. in the South pros
prcting, while their uumbers are aug
meusrd by almost every steamer. The
"Cotton Supply Association" of Lon
doa, Euglant, came to the conclusion
this summer that Indiss production Of
the staple had reached its maximum
unless Efforts we're made to improve the
condition of the land. "Ip that PENN
sula (Indi.) there was an abundant hrld
for cultivation, and cheap labor mar
ket. Before thv agricultural condition
of India, would reach the desired posi-
sion great improvements we're necessary
Those improvements, conslierlng the
vast area of the country. and the Wan'
of means of communication, could moi
be effected by private enterprise alone
The government wus patrrnal, and to II
th.y must look for assistance" Rcso
lu'ious were ad pied pet',i"nine the 20
yerument for some assistance, which 81
far have been Of Little avail. The uon
success Of their projects, and the salts
factory s,cuunts received AZ 10 the c"n
di,ion Of the South. turned their a'tcn
tion to this new iel o investment orel
0 hem, where private enterprises coui'
bo must effrc ually aud successfully EN-
pioyed. The consequence VA. the dis
patching Of an agent t. inquire into an'
report full particulars regarding tn
production aud munufacture of cot'o
in the Southern States. The gtntlcua
filing this position has arrived here
has visited the Sout''. aud l. Probabl
ere this on his way back to report III
experiences, which We are rather an1
ious to know, Is pending this action
the ass citation number Of English CT
pi.alis.s stand ready 10 pour their st
in.o the South, which must largely COT
tribute to its prosperity and advance
ment. That the benefits to accrue fro'
such investments are immense, is b
yond, question, and We regret sxcee'
ingly tbas this shOuld b made BY TO