Wilmington journal., 1874-01-02


place, go into the vineyard, if it is at
the eleventh hour, and at the last,
whatsoever is right. that shall ye also
receive.-Doily Journal, Iaiiuo1Y l.
1.-THE SOUTH AND ITS NEEDS.''
We published day or two ago III
extract fr-.s q acrioa OF papers con
tribute. Mr. Edward King q
.Scyi5ncr'a 1Ionthlu, N'lo is travelling
through the South, giving III detail
some OF the trials, which the people Of
Alabama are now undergoing, arising
from the repeated failures of the
cotton crop and inadequate prices, the
financial troubles and the losses and
sufferings incident to the,yellow fever
of last summer. Give me the scraps
from your table" writes an educated
and formerly well-to-do citizen OF
Montgomery, II am starving These
people, according 10 this writer, are
not only in present want, but their
homes will be sold 10 pay taxes md to
secure meat and bread and clothes for
their families.
How far this condition of affairs
results from political affairs N that
terribly oppressed State We know not.
We do know that since the wax there
has been at intervals, great suffering
in those sections which have devoted
all their energies to the raising Of
cotton exclusively for Northern and
foreign consumption. Those agricul-
tural sections which have been de-
voted exclusively TO the culture Of
cotton, and in which all the necessities
Of life are purchased from abroad viii
find that money londers will secure
what the caterpillar docs not devour.
This mistaken policy has bsen per
sisted IN year after year, and our
cotton crops, while too frequently
beggaring Us, have gone 20 enrich the
| spinners of Fall River and Lowell and
Manchester. Agriculture alone cannot
build up a country. Commerce and
n,anufactures must ~ hand Ii hand
| with it, and these three great indus
tries must mutually sustain and sup
| port each other. Commerce, indeed,
IS not neglected. More and moro at
| tention Is being directed towards
Southern commerce every year
Southern wharyes have been lined this
Fall with foreign vessels 10 greater
extent than ever. And with a greatly
| decreased production and stringent
money market, more Southern pro-
ducts have been shipped directly TO
foreign markets than ever before.
The great need OF the South now IS
manufactures. We Will never ceaEe to
enrich the spinners and wea7ers OF
New England until we persuade them,
or others, to build manufactories
alongside of our fertile fields. And
that capitalists can be persuaded to do
So. we have only to look at the marked
success of the investments already
made in snch enterprises at the South.
They make most tempting exhibit Of
profits.
A cotton mill at Langley, Georgia,
making piece goods, we learn from the
Augusta Chronicle, commenced in the
year 1872, without any working capital
whatever, and earned thirteen pei
| cent. net during the year. while fo1
| tho SrSf civ ,nortbc of 1874 .;s moi
earnings rose to fifteen per cent. The
Augusta mill divides regularly five pei
cent. quarterly. The mills in Colnm
bus. Ca, made equally rs good Il show
In North Carolina tho-cotton factories
in tie middle part OF the State arc al
prosperous, ana the Great Falls ManIt
featuring Company, IN Richmond
county. is probably the 1nost rroiitabl,
business enterprise in this section O
the State.
The knowledge OF these facts wal
Inviting attention to the establismen
of similar enterprises throughout tn
South, and when the panic burst upol
the country tie papers were filed will
announcements Of new 1a2Gnufacturin;
enterprises, whicL have in consequence
OF the financial troubles been generally
at least, temporarily abandoned. A
one point III this State, th
Sentinel inforsaeei Us that "Winstol
will probably have fifteen new factorie
in operation by the next season.
Nor arc these investments all con
fined to the manufacture Of cotton. L
Alabama We SEQ that iron furnaces ar
being constructed, and in this Stat
the tobacco factories are getting to l.,
8 great element OF wealth and popula
ton in certain sections of the State
Many of our citizens, yet comparative
!. ly young men, can all remember th
now thriving town of Durham, il
Orange county, when it was knows
! by the euphonious and signi
fcant name of "Pin Hook"
t motley collection of rude huts, occu
: pied by the poorest and most ignoran
! Of people. Upon the completion @
J the North Carolina Railroad, a depot wa
{ established there, and its only impo,
j tance grew ont OF the fact that it wa
I the point at which passengers for tn
g University left the cars. A decen
: hotel was erected, and it was know.
: as Durham's depot, taking its nam