Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1881-08-11
Tho North and Europe Duilding
UP the Sonth.

1t has been evident dnriug the past two
years that the aistrust which had pregcn.c
capital from coming to the Southern States
for investment has, in large measure, been
dissipntcd, and that the disposition to place
money in the South in undertakings Which
promise :air return is rapidly ;,rowins
strong. Indeed, the process has gone on
50 much moro swiftly than is supposed by
those who have not watched the course of
events, aud it is 9ow estimated bya cores.
poudcnt Of the New York HcraM ;hat
within tho last eighteen months over 500.
100000 have been subscribed in The North.
crn States and in Europe for investment 10
the South. Marvellous MS this statement
sounds, the correspondent undertakes to
prove it to be true. The sum named does
not even include the vast investments ia
the Southwest. In other words, the SIOO..
0O0, 600 merely covers investments and de-
vclopments in that part of the South which
lies East of the Mississippi River and South
OF Richmond, Va.
The largest outlays have been for the
purchase and construction OF lines OF rail-
road. The moic important arc as follows
|. The Cole Syndicate, including the Ma
con and brunswick Railroad, the Selma,
Rome and DaIon Railroad, The Memphis
and Charleston Railroad (cascl.) aud the
East Tennessee and Virginia Ruilroad! For
these lines and tho connections now build-
ing $lG,0O0,OOO arc subscribed, besides
H6,0O0,OO OF bonds. IL. What is known
az the Georgia Pacific Syndicate has capi.
tai of sl2,5OO,OO0 and proposes to con
struct line from Atlanta to the NIisssis-
sippi. III. The Norfolk and NVestcrn
Syndicate has capital Of Sl1 500 600
Nv. The Erlan&er Syndicate will build $50
miles of new road. and has issued So 7OO,-
600 Of stock in Europe. The ErIangsr
lines will stretch from New Orleans TO
Chattanooga Woodward, and coastwise from
New Orleaus to Brunswick, Ga. Y. The
Richmond and Danvlle system represents
an actual Investment Of al7,S00,0U in
cudipg the extension Of tho northeastern
Railroad from Athens, Ga, to Knoxville,
Tenn. VI. The Louisville has 81, 500 900
in the Pensacola Road, and is building from
Livingston, Ky, to Knoxville at cost Of
81 100000 VII The Baltimore and
Ohio HaiIroad Intends to build the line iron.
Danvile to Spartanburg at cost OF So
00O, 900, and talks of extending the luo to
Atlanta at further cost Of $4,000, 900.
The enterprises we have enumerated cover
considerably over 500, 900 900 without the
S2O,0OO,O0O put into the Cincinnati South
crn Railroad.
The HcreM correspondent sees many
advantages to the South in tho application
OF Northern aud foreign capital here. 1t
is estimated that nearly SlS,000,00O will
be spent in the next twelve months in
building and cquipping new lines iu Geor~
gia, aud the whole capital to be devoted to
building now roads East Of Mississippi is
over $35 100000. Then, unqucstionnbly
largo profits have in many cases been modo
by Southern holders of securities which
have been ioaatcd by tho reccnt combnar
tlons. The fortunate ones will invest their
gains in the South, unless they should hap
pen 20 loso their money continuing their
speculations A far greater benefit is in
tho incidental and collateral help for the
South. The railroad syndicatcs are Of pe>
ecssiiy interested in tho general growth Of