The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-12-09
OUH FUTURE.
E"gl,-h rnvestmsn.. in tho South.
From the New York Rnllc

from the New York InllctInI
That the South will ultimately absorb Il large
part Of The cuitOn manufacturing interests is con.
ciusivtiy proved toy the present state affairs or
The miES OF New England, many or them are now
closed: others are running on short time: white
not one single corporation In the North so far aS
we know, Is working up to its maximum prOd,c-
lion. The cause Of This scml.prostraton in one of
our most important interests Is plainly 10 he seen
In the dim:slcd wants OF The people nj hyl prices
lie fal!lnS OIL In the amount OF exports, and,
Selnenlly, the little or in most. eases, no
rent rates. The cost OF producing a yaru OF
cotton standard slcetng In Massachusetts and
per cent. and over. This accounted for in vari
ouS Ways Tile slight difference In cost Of tile raw
material; the frsThting expenses which OF
course, in Georgia, are done away with, the less
expense of labor In handling, Nc. are a few of
most imporiant. The rcsul, Is tina, every North
rates do not even AFFORD Interest on thc canital
Invested in property, machinery, &C. Besides
The northern Ta'er-p0wcrS are all absorbed by
nonied corporations, which, Of course, to benefit
their stockholders, nrc forced TO levy and collect
rs much Us possible for rents, Willie the dense
ground adjacent 10 these water-courses valuable
Tor dwelling ana business purposes. Thus the
mill owner Is Obliged to contract his limits
for manipulating the articles fabricated To
the smallest space possible, or else absorb
more space at comparatively high price,
Mhieh me e1ospeitsS profits do not war
Rether more numerous, and, from the extent OF
.lie majority Of them, capable OF eNcrting more
Po"Si suau u"ac VI thc Noitu, Wlulc tue prices at
which eligible lands and Sites IRE now offered,
compared to those OF the North, are decidedly
low. English capitalists arc therefore awakinE
to the exccllcncy OF tho ncd thus offered for In
yestment and MANY OF their SCENTS are ut this
moment In the South prospecting. while their
numbers are augmented by almost every steamer.
The "Cotton Supply Associations or London,
England, came to the conclusion this summer
that 1ndtn's production OF the staple had reached
lie maximum, unless efforts were made to I'M
prove tile condition OIL the land. ain that pen
lnSula (lndia) there was al abundant field for cu-
tiv0tlon, and cheap labor market. Before the
agricultural condition OF India would reach the
sary. Those improvements, considering the vast
area or the country, and the want or means Of
communication could not he effected by private
enterprise alone. The government was paternal,
and TO II they must look for aSsistancen Res0-
ution5 were adopted pettiOning the government
iOr some assistance, which 50 far have been Of
little avail. The non-succcss OF their projects,
AMI the satisfactory accounts received as to the
condition OF the South turned their attention to
thlS new field of investment open to them, where
private enterprises could he most enectually and
successfully employed. Tie consequence was the
dispatching OF nm agent to Inquire into and re.
port full particulars regarding the production and
The gentleman filling this position has arrived
here, has visited the South, and is probably ere
this on his way back to report his experiences
which VIC are rather anxious to know, as pending
this action OF the association number OF English
capitalists stand ready to pour their wealth into
tne south, which must largely contribute to Its
prosperity and advancement. Tint the benefits
to accrue from such investments nre immense, Is
beyond question, aud we regret exceedingly that
THIS should be made by Foreigners while large
amounts of unemployed capital ut the North
should be allowed to remain idle.