The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1881-10-13


stock. Leaving credit and usury out Of
the question. no man can pay seventy. five
cents Il bushel for corn. thirty dollars a
ton for hay, twenty dollars a barrel foI
pork, sixty cents for oats and raise cotton
for eight cents pound. The farmer.
who prosper at the South are the corn.
raisers," Z: C., the men who raise their
own supplies, and make cotton their sur.
plus crop. a gentleman who recorded 32O
mortgages last year testified that not one
was placed on the farm of a man who
raised his own bread and meat. The
shrewd farmers who always have bit OF
money on hand with which TO buy any
good place that is to be sold under mort
gage are the corn rasiers," and the mo-
ment they get possession they rule out
the all-cotton plan, and plant corn and
the grasses. That the plan of farming
only needs revision to make the South
rich beyond measure is proven by con-
slant example. A corn-raiser bought q
place OF $40 acres for $l700 He at once
put six tenants on it, aud limited their
cotton acreage to one-third Of what they
had under cultivation. Each one of
the six made more clear money than the
former owner had made, aud the rents
'or the first year were $1l26. The man
who bought this farm lives in Oglethorpe,
Georgia, and has fifteen farms all run on
the same plan.
The details of the management Of what
may be the typical planting neighborhood
OF the South in the future are furnished
me by the manager of the Capeheait es-
tate, in North Carolina. This estate is
divided into farms of fifty acres each,
and rented to tenants. These tenant are
bound to plant fifteen acres in cotton.
twelve in corn, eight in small crops, aud
let fifteen lie in grass. They pay one
third OF the crop rs rent, or one-half if
the proprietor furnishes horses and mules.
They have comfortable quarters, and are
entitled to the use Of surplus herring and
the dressings of the herring caught in the
fisheries annexed to the place. In the
centre of the estate is a general store
managed by the proprietor, at which tho
tenants have such n line of credit as
they are entitle to, of course paying q
pretty percentage Of profit OH the goods
they buy. They are universally prosper
Gus, and in some cases, where by skill
and industry they have secured 100 acres
are laying up money. The profits to DR..
Capeheart are large, and show the margin
there is III buying land that is loosely
farmed, and putting it under intelligent
supervision. OF the $4,000 worth of
land added to his estates last year, Mt a
valuation of twenty five dollars per acre,
he will realize in rental nine dollars per
acre for every acre cultivated, and calcu-
lates that in five years at the most the
the rentals of the land will ha' paid
back what he gave for it.
SOUTHERN MANUFACrUKE OF CotroN.
In the past ten years the South has MGR .
than doubled the amount Of cotton man
ufactured within her borders. In 1870,
there were used 1885, 1856 pound of cot
ton; in 1880, 101, 1887 ,256 pounds. In
1870, there were II ,G02 looms and 4l6, ,9S3
spindles running; in 1880, Is, ,222 looms
and 714,078 spindles. This array of
figures hardly indicates fairly the pro-
gress that the South will make in the next
ten years, for the reason that the factories
in which these spindles are turned are
experiments in most of the localities in
which they are placed 1t is the in
invariable rule that when factory is
built In any county it is easier to
raise the capital for subsequent enter
prise than for the first one. At Augusta,
Georgia, for instance, where the manu-
facture of cloth has been demonstrated
success. the progress is remarkable. In
the past two years two new mills, the
Enterprise and Sibley, with 10000 spin
dies each, have been established; and
third, the King, has been organized,
with capital of 81 100000 and 80 900
spinples. The capital for these mills
was furnished about c-fourth in Au-
gusta, and the balance in the North.
With these mills running, Augusta will
have 10000 spindles, and will have
added about 10000 spindles to the last
census returns. In South Carolina the
same rapid growth is resulting from the
establishment of one or two successful
mills, the Eagle and Phoenix, has raised
the local consumption of cotton from
1927 bales in 1877 10 10000 bales in 1880.
In Atlanta, Georgia, the first mill bad
hardly been finished before the second
was started third is projected and
two C Ipanies have secured charters for
the building of q forty-mile canal to fur
nish water-power and factory fronts to
capital in and about the city. These
things are mentioned simply to show
that the growth of cotton manufacture in
the South is sympathetic, and that each
factory established is an argument for
others. There is no Investment that has
proved so uniformly successful in the
South as that put into cotton factories.
An Augusta factory just advertises eight
per cent. semi-annual dividend the
Eagle aud PhGnix, of Columbus, earned
twenty-five per cent. last year; the Au-
gustc- factory for eleven years made an
average ofeightecn per cent. per annum
The net earnings of the Langley Mills
was S4S0,000 for its first eight years on
capital of$400,000, or an average of fif-
teen per cent. year. The earnings of
of sixty Southern mills, large and small,
selected at random, for three years, aver
aged fourteen per cent. per annum.
Indeed, an experience varied and cX-
tended enough 10 give it authority
teaches that there is absolutely no reason
why the South should not profitably quad
ruple its capacity for the the manufacture
of cotton every year in the next five years
except the lack of capital. w.
GRADY, in Harper's Aagazine.Jor Octo,cy.
a MODERN IMITAToR OF NoAm.-A
few miles below Ohio, Alabama, there
is III old negro named Moses - who
olo l,