The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1871-11-16
Anatrsort gntelligenter
From the New York Financial Chronicle
The Southern States and the Cotton Manufac'
- ~ lures.

1"0 4uraS
,-v..i
Can the South develop large cotton manu-
.facture : This question has been often dis
,cussed of late. 1t is now agitating the P0Puc
lar mind there to an extent which is full OF
promise. although the masses of our people at
the North can scarcely understand it. The
obvious answer is that the industries of any
country are the outgrowth of the genius OF the
peeple. Climatic influences may be favorable,
an abundant supply of the raw material may
offer itself cheap labor may be abundant but
all snch conditions are. in vain, if, as in Brazil,
India or Eovpt the genius and institutions of
rbsonle blight and paralyze the develop
i6Ssnt of nanufacturing enterprise. We have
:Sssn. applied. these, principles to the South,
.sincet close of the war brought the gradual
Sasvatl6n OF labor to its just place among tae
productive forces OF the country, ana y, we nave
GsyeE been able to reach but one CONCLUSION. q.
Hence, we: have no hesitation IN endorsing
now, as heretofore, the opinions OF those who
declare that the South can, if she will, prosper
and grow rich by this and other manufacturing
.i1dnstries, Tn7y ~ e.,l =.
isoOne of the facts on which rests this hopefui
view OF the question is that wherever COTTON
mills ftnnNs have been establlshed IN tne oo9tnerh
States they are paying handsome dlViaen9s.-
t3hqs the Petersburg dNa.) cotton milis nave
recently published statement showing their
hnancla operations Iof eievSu Monlno M VI o.; VIZ J.
year ending last August. The net profit is
sh0wnlto be equal to 70 per cent. on Sne Gapita a.
stock. The company pay renS eaual a 100. W as
per cent on tneir caP3eai ssch, anu sno naaSe
gers, Win 2Pafuoaaote! seii :.:.h tIa+ af
comparison ol lts PtosPellsy Wsn W .aat Co., ~.
similar corpoFations anu Sna. a. NJ
cotton manuIacturing company "a Ine ,,.I 0I'eo ~
MATES can make 8 Sn0WlQX VI pCOuGS OIuo1 W
Slat Rfhcn tney nave feau1eu oo,, S..o
other examples from tne hst Plessn0eu n Sun
hrmatlon OF tnelr Arguments y .ls ..c1,
OF inaus.ey II yno a. otto
ing States. In Georgia, LOT inssanee, 'ne .osson
mills at Augusta anu Co,umDus . aio e.JoyS
singular prosperity. out lue 1.Poi@uo ponS &c
OF the controversy is, Wnesner 'nls ptoni.se VI
prosperity rests on trustworthy pas1s VI pSi-
manent order and public qu1etude. Ii SO, tne
destiny of the South to deVelope us matefiai
wealth with rapidity heretofore unknown
-Iaayhe regarded as certain. IL is noteW9r.hy n
that some OF the proIounoest tnlnkers anu .ne
9ast mepln t9e eoIton o5ates are ang ad rese ass
questions, and that the olsparageniebe anu ues-
pendency and aversion IN Whicn SUCH eIaclis. !a
Sions- were formerly approacned seem W pe
giving way to more ranonai at.ituae Vi tne
public mind. This movement, lnoicating, as IL
rdoes, q growing submission and enlightenment
as topolitico truths, is rich in hope
.6sbpromise.
The Southern States, as MIR. Bright observed
in the British Parliament on memorable oc-
casion, have such resources that the whole
earth offers nothing more fertile or more love
,y."1. But these riches need be deYeioPeo'Ef,
They are not possessed till they are reaiZea.
And their development is no doabt intended IN
the inscrutable designs of the Great Arbiter OF
nations toreall forth both from the North and
the South such cooperative social and morai
forces that not few difficulties will thus solve
themselves, which are now pronounced nope
less by some who ought to know better.
The great. masses of the American people
have always refused to take discouraging
view of the industrial future of the South. Its
inhabitants, though different in some of their
qualities from che more composite population
of the North, are not incapable to recognize or
to obey their ,oWn interests, nor devoid OF am
biti6n to enrich themselves BY eonferring IN
dustrial wealth and prosperity on our common
country They are now rid Of the paralyzlng
incubus of slavery. They are for the frst time
inviting emigration. They will gradually be
reinforced by those industrial elements OF pop
ulati6f. and productive power, which are now
their. chief wants. This influx will attract
capital, which is the other great want of the
South. There is no more intelligence required
to spin cotton than to plant, select, clean and
sell it. The spinning and weaving brings
swifter returns, and demands less capital IN
proportion to the product than does the invest
ment in land and labor for raising the crop. 1t
was formerly supposed that the manufacture OF
cotton goods was incompatible with the agri-
cultural production of the raw material. Bat
this opinion has been long ago -refuted by the
logic Of facts. Every cotton mill established
in the South and managed with vigor has won
success. We repeat, then, that the South may,
if she will, develop prosperous cotton manu-
flcture. She has great facilities for the puri
pose, and success in the use she makes az OF tnenI
depends wholly on her own will. This successI
hsyeyee, ycan he secured only by compliance
With several conditions which weshalE hereafI
dffeci,ss In greater detail A brief reference