Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1881-07-28
PROGRESS IN THE SOUTH AND TEN
NESsEE

A lawyer in New York writes as follows
of the South The President of the
Louisville and Nashville railroad system,
G. c. Baldwin, native of Maryland,
though long resident of New York, be-
lieves that period OF unparalleled pros
perity is just opening for the South. In
his view labor and capital are to flow
Southwark in the same full tide as for the
past quarter of century they have been
enriching the vast territory of the
Northwest. Several of the largest
cotton firms of Manchester, England,
have secured factory sites for mills
which will be built in the near future. 1t
is more profitable employment of capital
to manufacture the cheaper grade of goods
where the raw material is produced. As
soon as attention is more generally called
among European capitalists to the capabil.
tiles of the South, then from every part of
Europe will flow ample means to develop
the rich resources of every Southern State.
New and improved machinery will
be applied in the production of
wealth. Who knows but what by
the introduction of improved pro-
cesses cotton may be cultivated at a
greater net profit at cents pound than
at present at 10 cents pound 1t is the
net profit which figures satisfactorily on
the balance.sheet of the ledger. Tennessee
has iron, copper, coal and other minerals
in abundance to enrich an empire. ALI
these, with the presence of capital, can
speedily be brought to light and contrib
ute to the aggregate wealth of the State.
Some few people of the North are
just opening their eyes to the fact that
the South is yet untrodden ground, abound.
ing in wonderful possibilities as to mineral
and agricultural wealth, and with a
climate unsurpassed on the face OF the
globe. Its location is central. 1t
has good railroad system, improving
and expanding daily. 1t has rivers and a
shore line OF sea and gulf which render its
waterways the most desirable ON the con-
tinent. But all this undeveloped wealth
and means of inter communication, to be
utilized and developed to their fullest and
rendered tributary to the people, must
be transformed by labor under the en-
ployment of capital. Europe and the
North are full Of unemployed capital.
The proper Inducements must be made
fair exhibition given to secure the capital
for contemplated enterprises. Mr., Bald.
Will lOA Has
larger coal fields than Pennsylvania, and
the capacity of her mines has only been
developed to an inconsiderable extent.
But the coal sections of that State will be
made accessible to the markets by the
railroad systems. The tobacco interest Of
Virginia and Tennessee, although prom
ising will grow greatly under increased
market facilities. The coal, iron and cop
per mines of Tennessee are only in the in
fancy of their development. Never was go
many bales of cotton raised, picked and
sent to market as in the last year. Mills
for the weaving of the coarser cotton fab
RIGS are now in successful operation in
Tennessee, Georgia and Kentucky, all Of
which have been built by native labor,
mostly with local capital, and are man.
aged by Southern men. The labor ques.
ton in the South is practically settled.
The class formerly known as the poor
whites are mixing and assimilating with
their more fortunate neighbors. They are
making good workers in the mine and field,
good operatives in factories, and altogether
it looks to me as if the new South had a
bright prospect ahead"