Wilmington daily gazette., 1873-12-12
PoIlllelf sbnIny in iha salth.
fEro o thsl 0 aIRal Of Comul lrceI

Il
Iron thSJo Rai of Comu, ,rce1 Ii
The hela,SconVentione efthe Patron Of hlsbat9'
IS and farmos Of a. cotton States ~ A tApta q
dressed itself 70 the resolution OF seVefafrery IN
poTtant economic questions. Cotton, OF course was
| a prominent topic; aud the resolves taken with
reference to the production marketing and man-
otactre Of that staple, if generally folio Fed. are
caculatga d iuhuende sonie hak eDusidt NY the
course Of trade. The interests Of the producers
seem 20 nave been embOdied, IN thU mtndB Of ena
convention, in three leading propositions, namely
|. A reduction Of tie hmount Of cotton planted,
as compared with other crops, 2. Direct shipment
of the raw material to the EUropean market; and
3. Home manufacture. The Recommendation that
planters shall a. largely a. possible sell directly to
manufacturers IL futile, and should have been
omitted. OF course, when manufactures are main-
ly in New England and planters IN the South, they
cannot come directly together In their doahpgt,
and the business OF middlenfen IN making an e1-
change of products is as much necessary, ana
therefore as legitimate, as those embraced IN the
other parts OF the series. The only " y planters
sell directly to spnneTs and weavers ls 70 per-
suade capital to invest In manufacture alongside
of the plantations, in accordance with the aspire
ton Of the convention, in accordance lkeWlSe, II
must be added, with the recent tendency of evknt.
TIE mills which have been established or started
up In the South since the restoration OF peace
have been able 10 make a most tempting exhibit
of prOhts cotton mill al Langley, 0a., MAI
ing piece goods, We learn from the Augusta Ch'OR
icle. commenced the year 1879 without any work
ing capital whatever, and earned thirteen per
cent. net during the year, while for the first six
months Of 1873 its net earnings rose 10 fifteen per
cent. The Augusta mill Civide0 regularly Eve per
cent, quarterly, and an equally good showing has
been made by other concerns. The publication Of
such facts of invited the attention Of capt.
tai, and the consequence was that when the pane
burst upon the country the Southern papers had
been for some time abounding in notices Of new
manufacturing enterprises. Cotton manufacture,
it is true, was not monopolizing the industrial re-
vivAl. In Alabama ten new iron furnaces were IN
course of construction. The Augusta Const,h'-
t,ondhSt said: "Bartow county will produce tins
year 81 100000 worth Of iron, lumber and lime.
We tIust that in less than twenty years the iron
interest Of Georgia will suTpass the cotton crop.
A North Carolina paper said winston Will
probably have fifteen new factories in operation
by the next season." Not only were Northern
meu putting capital into on-spinuing, bat the
possibility Of making up the necessary capital by
small subscriptions had occurred to the people OF
Marion, y. e , who IN pubic assembly resolved to
start cotton factory upon share subscriptions
within the reach Of eVeryboiy-Sl0. The Charles
ton Courier, commencing the advantages of South
Carolina as a manufacturing seat, bOasted that
Z" the South has broad rivers, while New England
has mere cutters. One city Ia this State has more
WateT-poWer than is enjoyed by the Lowell man-
ufacturers. Wages and provisions are low pow
CT is plentiful. There ! an immense saving in
the cost of transportation, in commissions, In
waste and the like. Add the several savings to-
gether and it will be that it is impossible for
the North to hold her own against the South al
cotton manufacturer when the South once has
fair start" ~.
There is enough in these several indications to
make it probable that the late financial troubles
will cause no more than temporary check TO the
es a5lisl me1t OF mlnufactures IN the Southern
States Just before the panic the Charleston
Courier declared manufacture to be "the new
song OF the South, and the resolutions OF tho
Atlanta convention signify that merely few notes
of the music have been dropped, either out Of
fright or prudence, and that the song will lie
shortly taken up again.
The Atlanta convention being composed Of
" Patrons of Husbandry aud Farmers" 1t would
not have been remarkable ii thsy had neglected
to attend particularly to otherfndustFial ntcresls
but The best proof OF their competency TO take an
enlightened view Of their own concerns is the fact
that they adopted resolutions urging the import
ance Of developing the coal and iron industries,
with reference to which they say "Ths Southern
States possess vast mines of coal and irOn, which,
for need of proper development, are now useless,
and consequently valueess."