Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-07-04
rIexx nr rNnnnnAGrnExT.

Despite the tendency of the talk
about Reputation to discourage capital
from seeking investments within our
borders, we are inclined to the OPINION
that Tennessee is Just beginning to
move in the path of splendid and
permanent development. The Efforts
which are being made through the
agencies selected by the last Legisla-
ture are beginning to have their legiti-
mate effects in directing the minds OF
capitalists towards the unoccupied
fields of our industries.
A few days since We chronicled the
fact that agents representing London
capitalists had taken steps to erect
four large blast furnaces in the Sc
quatchie valley, or near Bridgeport on
The Tennessee river. To-day we pub
lish a letter from Hon. H. @. East
man, Mayor of Poughkeepsie, n.
Y, addressed to the Secretary
of the Bureau of Agricul-
ture, NEUTRALITY-SUSPICIOUS. tie probability
of Tennessee's being selected as the
location for carrying out one of the
most magnificent conceptions of mod
ern times, no less one than the pur-
chase of an immense tract of land and
founding upon it colony on basis OF
greater magnitude than has ever been
attempted in this country. A model
city is to be built up into metropolitan
proportions and men of capital in all
the principal towns in the North are
ready to engage in it. Nor is this the
scheme Of a visionary. Mr.. Eastman,
the protector, is one Of those men who
win success in every enterprise il
which they engage. Possessed of large
means and a degree of perseverance
that overcomes all difficulties, there is
with him no such wold asfail. Whether
engaged In the construction of rail-
roads, bridges, or colleges, he never
stops short of complete success. Like
Wellington, by always overcoming diff
ficulties, he soon has no difficulties 70
overcome. He has, too, the confidence
of men of wealth, and the amount OF
capital which he can control will be
reckoned by tens of millions. Col
KiIlebrew, the energetic Secretary Of
the Agricultural Bureau, is in almost
daily communication with him, and
expresses the belief that if sufficient
degree of encouragement be given by
our people to this enterprise, Tennes
see may have poured into her laI
$40, 600, 900 within the next two
years.
Col. E. w. Cole, hearing of the pro
iect, immediately sent pass over al
his lines to Mr.. Eastman, and expresses
the determination TO do every thinl
that railroad can do to secure tn,
colony for the State.
Nor is this interest which is beins
manifested in regard to Tennessee con
fined to the Northern States. W,
have advices from Louisiana, Missis
sippi, South Carolina and even Texas
to this effect, that large numbers o
families are preparing to seek homes il
our midst. Many Tennesseeans wis
moved to Texas are greatly dissatisfied
with the climate, and are using ever.
effort TO get back.
All these are encouraging signs, ant
when we add the fact that the attention
Of our people is being directed t
, manufacturing industry and that Ten
nessee is becoming the great education
al centre Of the Mississippi valley; tina
within the next ten years not less tina
$4,000, 900 will be invested in educa
\ tional institutions Of high order; tina
e to her wealth of matter there Will ;
added the wealth of mind, we feel al
sured that we stand upon the threshol
of a new era in the history of the Stat
an era that viii be characterized b
: by 4 rapid improvement, progressiy
e development and high degree Of II
{ tellectual culture among the people {
p the State. When the current Of hmm
grafton once sets in, it will gathe
G volume as it proceeds and infuse int
e our people new hopes, new purpose
new energies and new ambitions, an
make Tennessee the theatre of a civil
cation as magnificent as exists
Christendom.