Nebraska advertiser., 1869-04-15
Facts Concerning the Ffnan-
claI Condition Ofthe South.

CAA-A ~ 00~
The following facts concerning tn,
financial condition of the South ar
furnished by the manager Of q LEADING
journal, published at Mobile. and ar
doubtless SUBSTANTIALLY correct.
During the war, and while COnfed
crate cnrreBey was abundant. tn.
planters entirely paid up their debts
For two years subsequent to the war
butlittle capital was embarked in trade
in the South, audience butlittle cred.
il could be extended to the planters
and they were forced to work through
economically, with the little specie
currency they quite generally haC
stored away. That they might live
within themselves, the attention q
planters was largely directed to the
growth of breadstuffs and meats, and
more corn, wheat and bacon were
made in the South than ever before.
During this present year a fair crOI
of Cotton has been made, and gener-
ally made with provisions and food OF
home growth, so that the planter has
received but small advances and is
not now in debt. FrOmthe high price
of our staple-cOtton-more money
will be distributed in the South this
year than ever before. not excepting
the year of the great crop-1860.
This years cotton crop will net the
planters of the South the immense
sum Of taOO hundred and fifty million
dollars. .
The crop of Mobile alone will bring
not less than Mirtq million dollars to
be distributed from that point.
The entire debt Ofthe South, abroad
and in the North and West is less
than fifty million dollars.
The vast sum of more than t1CO hun-
dred million dollars will be loose mon
ey in the Cotton States.
The restoration of political quiet,
following the termination Of the
Presidential election, will causes con-
fdent, free use, circulation and eXpen-
diture of all this currency. In the old
time the planter in the South used the
gains of each year lin fact was gener-
ally a year ahead in debt to his factor)
in the purchase of more negroes or
more lands, and hence had but little
or no money to spend for luxuries and
the merchandise of tradeg0E iHs
Now there are no negrOest to buy.I3i
The principle Ofsmall and well cul-
tivated plantations is accepted, and no
planter wishes to buy more land.
The gains of the planter xviii now
be invested in the purchase of inn
proved farm implements, household
furniture, articles of comfort and lux
ury, dry goods. clothing, books, sew
ing machines, pianos and other must
cal instruments, etc, etc. .i5e
The trade OF the South will be an
exceeding rich one. While the great
Westis now undergoing hard times
incident to the low price of breadstaffs
the South will be prosperous in the
the wealth of her staple now bring
ing the most profitable prices. 8
No part of the country to-day offers
a richer field for the enterprising mer-
and manufacturer than the Cot
ton States. These views are plainand
and will present themselves
with force to every shrewd and think
ing man. c f.. tas.ua
The man who sees this condition of
Alright, andsitakes immediate
advantage by placing himself before
the people of the South with his BUSH
ness properly advertised, cannot fail
to secure q lucrative trade and large
returns Ofproffts for his expenditures.