The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1877-04-01

Besides these high priced officials, there were
armies of clerks, physicians solicitors, lawyers,
etc., employed at proportionately large salaries
When business began to grow dull, instead
of cutting down these Immense salaries, some
of the Companies. or their leading officers sot-
ing as individuals, sent agents through the
South to buy up the policies held by Southern
ers at from one fourth to one half their value.
In some instances, to facilitate these swindes,
the agents spread reports abroad that the Conn
panies were not solvent.
The moral of this is that the people of the
Sou tn ought to insure in their wn home Com.
panies, which are managed by men that they
know to bs honorable and which will use the
profits of the business and the large Gums of
money under their control for the advancement
Of orr home interests.
Union Springs, Alabama, has just opened q
cotton factory, aud Greenville, South
work only last July, but makes very fine
showing for six mon tbs operation. The CAPT.
tai invested does not, it is said exceed $l20 900.
The net profits for six months were SIP 59o ard
the balance left after paying interest and all
other charges, is 1904 Within the time
named the factory consumed 7G4 bales of cot
ton, averaging 432 pounds each, and made
953 226 yards of sheetipgs, cloth and shirtings.
The showing is equal TO ten per cent on the
capital, and is certainly coed one.
Col. NJ. B. Hllyard, State Commissioner of
Imm grafton, is doing good work for Missis.
sippi. He has already induced u number of
families from the North western States to settle
in Coplah ard other counties, and still con-
tinues his exertions to built mp orr waste
places by bringing honest, bona fde settlers
among us, We were convinced from the first
that in making him Im M gratOn Com IN issioner
the Legislature had put the right man in the
right place. and the conviction il strengthened
every day.-Ndtchez Democrat
CAPITALISTS IN FLoRIDA.-Mr. VIM. Astor, of
New York, and a large number of American
and English capitalists are nov looking about
the State, and it is quite probable that they
will make large investments during the pre-
sent season. Mr.. Astor is already deeply in
terested in real estate and railroad property
here, yet he proposes to increase his invest
nents in both classes of property. Capt. W. |
Stokes Boyd is negotiating with several parties |
who desire to make extensive Investments in |
real estate in Florida, they are assured that |
the various railroad projects now under dis. |
cussion will be pushed forward to q speedy |
mpletion. AS the great need of Florida is |
r9pid and reliable transportation, the con- |
struction of these proposed railroads through |
the interior of the State, from the b. johns |
the value of all kinds of property in that sec.
ton. On this account real estate sales are now |
lively, and there is a prospect that large in
will be made by foreign capitalists |
within the Dext sixty days.
Augusta, Ca, is shining to be the Lowell of |
the south q new cotton factory is but Just |
now completed, and already there is talk of |
pays is evidenced by the fact that one of the |
older mills has lately added an additional story
to gain space to put up more machinery, " hicn |
was urgently called for.