Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1880-09-30
Another Business Revival.

1t seems to be an accepted faci4hat
considerable change has taken place
in the condition Of the money market
ard general business in the las t six
monihe. The Improvement has been
gradual. but to those who have
watched The commercial course of
events, it has been decided. 1t has
facilitated trade and removed the
vague apprehensions that prevailed
last Winter when sharp reaction
from the prosperous and speculative
season Of 1879 seemed TO be near at
hand. The money market is easier
than it was six months ago, and for
eign trade has increased absolutely
while imports have decreased. West
ern advices say that this change
arises from large exports Of wheat
which had been locked up in Chica-
go, checking the natural flow abroad.
Prices are rising again; The stock
market feels the impulse, and activ.
ty is likely to continue through The
Summer, when it will he reinforced
by heavy crops of cotton ani grain
throughout The Sonth and West.
In ON immediate section the onL.
look is most promising, and even
foreigners here predict that there
will he exceptional times at the
South. An eminent English agri
cultural authority, recently in this
country, says that wealth is fast in.
craasing in the South, and that the
rich planters, ten times richer tha
ever existed before the war, will
raise their heads in few years.
Credit, the bane OF The Southern plant,
er, is disappearing. Now they buy and
sell for cash. I met one gentleman,
says this observing writer, who had
sold his crop Of cotton for $24 900,
and I saw another well.known man
in Mississippi, who had raised near
ly 10000 bales Of cotton (.fl9O,000)
The property of this gentleman is
estimated IT $5,OOO,0OO. There were
no such fortunes in the South in old
en- times. When we think Of the
scattered territory east Of the Mis-.
sissippi-aight States, which have
white population Of about 100000
and compare their condition and
resources with the white population
OF the best of the Northern States.
Illinois, which has nearly 100000
souls, the evidence is conclusive
that the property Of tue 100000 in
the South far exceeds in value the
property held by any 1000. 1000 in
the North. Of course, we must shut
out the centers, Boston, New York
and Philadelphia; they ara brokers
for the rest Of the country, and the
accumulated wealth comes to those
cities. But when l speak Of 4.OO0,-
OOJ, I speak of people living in the
interior, and I assert that the 4 4,0O0,-
600 white people Of the South are
to-day richer than any 4,O00.00O in
the North, and their land would adj
vance inst as rapidly if they permit
ted the black man to become pro-
prietors.
The immediate prospects of the
Sou hern cotton crop is fine, notwlth-
standing the Summer dronghts. a
larger acreage has been planted, with
ita fertility stimulated by an exten-
sive use Of commercial fertilizers.
I.ast. season the money left the South
ern planter from moving his cotton
crop approximatel $250.0oo,0m, or
nearly $70, 100000, in excess OF the
crops of 1878 and 1879. This year
il may be greater, and this prosper.
ty will be enhanced by the fact thai
the planter is getting to be lar more
independent than before. He ls learn,
ing how to raise his own meat and
grow his own bread, 80 that his line
field profits may not be emaclated
by having to purchase elsewhere
household and plantation supplies