The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1877-11-27
SOUTHERN INVESTMENTS.

| The future oil the South Ii most promising;
the Southern States are devoting them
selves 10 developing it's interests, inereas-
Ing It's wealth and re-establishing on o
flrmor foundation than ever It's prosperity.
All the many movements lately nude for the
material and Industrial Improvement Of the
South have met with signal success. Those
Southern States that have bid for colo
nists have succeeded, and immigration I'M
dreamed Of In past years has poured In Its
wealth Of labor. The movement inaugurated
some weeks ago to send o commission to
Europe to explain the thousand advan-
tages Of the South, and to ask the loan Of
European capital for their development ID
another measure fully as important In build
Ing up the South, and one that promises TO
meet with full success. The suggestion was
taken up at once and discussed everywhere,
and, 1t is needless to say, everywhere APP
proved. The newspapers unanimously de-
manded this mission, which Ia TO inform Eu-
rope Of our changed condition; to show Its
capitalists that the South, now ruled by It's
own people, is the safest portion Of the Union
for their investments, because It's resources
areas yet but half developed, and because IL Is
that destroyed their investments In the West.
The newspapers, therefore, have been great
aids In this movement, have shown the pub
lie sentiment thereon. and offered many wise
suggestions. The various Southern exchanges
and commercial bodies have similarly taken
up the subject and passed appropriate reso-
lutions in It's support.
This discussion Of the subject In the news
papers and exchanges has shown the unanim-
ity of all classes Of our people In the desira-
bility Of, nay, the necessity of such O mission;
but something more than even this is needed
for the success of this enterprise. II IL visits
Europe 1t must be headed by q representative
and trusted Southern man, and 1t must go In
q semi-oflcial character accredited by the
South. It would be WELL therefore, for the
various municipalities OF the South to speak
out on this subject. BY so doing they raise
this mission to q diplomatic one and pledge
their faith In support OF 1t. For instance: II
the cities Of New Orleans Charleston and So
vannah make the head Of the commission
their financial ambassador to Europe they
will, as 1t were, guarantee the good faith Of
the mission to the European capitalists and
fully convince the latter that they are not
being taken In as they were by those wild cat
Western land and railroad schemes In which
so much European capital was sunk.
New Orleans ID the largest commercial city
of the South, and. at the same time, the one
most needing capital for It's trade and for the |
development OF the country dependent on II. |
Would IL not be well, then, for the city gov
to vote some small fund In aid of this
mission, II such aid could be legally given
The entire community wouli approve Of
such a measure; and even were 1t viewed
from narrow money standpoint, 1t Is evil
dent that the city would get back again by
The success of this enterprise u Thousand for
one. Such action on the part Of New Orleans
would be followed by every city and town In
the South. The money could thus be raised
without the least hardship, and this European
commission given a truly representative
Is New Orleans the commercial
Ind financial capital OF the South. or will 1t
ct some other city take Its place as leader In
his movement