The daily gazette., 1881-08-26

sold at prices that seem almost like
giving them away, is performing SER
vice to the rising generation that viii
prove invaluable in the end. Just as
the low price the government sells |
the public lands in the West has |
served to people and develope great |
States will these low prices in the
South serve to develope its great
natural resources.
In proof of the attractive features
of the South a contemporary collates
and reminds its readers of the inn
mense capital that is now being In.
vested in Southern enterprises, as fol-
lows :-"The activity manifested in
the valley of Virginia during the past
year has been most remarkable. New
buildings are going up in all direc-
tions, new railroads are forming a per-
feet network of iron lines through the
gaps of the mountains. and new fur
naces are either projected or are dnr
der construction. One Of the most
noteworthy of these industrial ven-
lures is that of an English company
which has bought large body of
iron-ore lands at some distance from
Millsboro', where they propose to
build the largest furnaces yet projected
at the South, bringing the ore to the
furnaces by a railroad already par
TALLY graded along the valley Of Mill
Greek, and which when completed
will pass within two miles of Rock
bridge Alum Springs, now only access
sible by stage. Nor is in the valley
alone these manifest ations Of industrial
progress are found. They may be wit.
messed in all parts of Virginia stretch
ing from tidewater to the Tennessee line
1t has been estimated that not less
than one hundred millions of dollars
have been subscribed at the North with
In the past eighteen months for invest
ment IN the States Of the South east of
the Mississippi river aud south and west
of Richmond. Within year two mil
lions of dollars of Eastern and other
capital have been invested in cotton
manufactures in Georgia alone. Three
millions have been subscribed In New
York for the development of coal and
iron In Tennessee. Eighteen hundred
thoussnd dollars have been put into cot.
ton mills aud steel works in Alabama.
All these and many more investments
are outside of the large sums expended
IN buying up aud improving old railroads
and building new. Besides these in
vestments by capitalists in the Northern
Eastern and Middle States, European
syndicates have entered the field. One
syndicate Ehrlander-is said to
have recently bought an immense tract
Of land in Alabama. English capitalists
bought, few days ago, some forty
thousand acres In Georgia, and are now
seeking an opportunity to invest half a
million Of dollars more in other States.
Whatever may have been heretofore the
misfortunes Of the Southern States good
fortune has now came to them. They
are having their railroado built chiefly
by foreign capital, and wherever the
people in localities interested show
disposition to put their own money into
such enterprises, they are readily met
with liberal backing from other quarters.
The risk is, therefore, mainly that of
others; and an immense gain derived
from the advantages, commercially and
terIitorially, that railroads give, accrues
to the Southern people locally, substan-
TALLY, and without peradventure. Sa-
gacious and enterprising men are devel-
oPiDg their mineral resources, and
bringing into profitable use their water
powers TO run cotton mauufactorles ad-
lacent TO and surrounded by cotton
helds. They thus find market for
their products at their own doors, and
work for thsir people in a region OF
cheapness.