Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-07-17

urs COMmERCIAL FUTURE
AND HOW 1T WILL BE
ACHIEVED.
The Days Of Mourning and Inac-
tiviay Past.
New York Herald.
PHILADELPHIA, July 5. 1881

tlVlay F8SGs
New York Herald.
~ PHILADELPHIA, July 5. 1881.
Recognition of the efforts which the
Southern people are now making to secure
a share of the nations trade has suddenly
dswned upon several writers upon politi-
Cal science The fact has been known and
admitted by Northern capitalists for sew
eral years, and great impetus has been
given to the work by the far seeing BUSH
ness men in the North, who have promi-
nently identif ID themselves with the in
terests of the South. 1t is now WE'LL
known, also, that several of the largest
cotton firms of Manchester, England. have
secured factory sites in the South tor m,iis
which they declare must be h1'it IN the
near future. The manufacture of the
cheaper grades of cotton goods, they as
sert must be transferred to the closet pos
sible proximity to the folds where the
plant grows. An agent of one of the
largest Manchester firms told the writer in
New York not very long ago that al
though such q purpose would be discreetly
at home for the pre-. ent, be-
Cause of political reasons, such move
ment was absolutely being carried out.
Therefore, the people of other countries
than ours are looking WITH new inter est
toward - the great South" and the exper-
fence of Northern business men who ha @,
as it were, discounted this awaken ng can
not but prove interesting rs we'll as in~
structive Meeting MIR. G. q. B sd win,
pre- ent of the Louisville & Nashville
R.uroad system. during one Of his recent
fly ing vi lis to this city, adv ntage was
/. en- to obtain his opinions on the future
e ~ <nlrv pI..I
and unsentimentsI point of view.
THE OLD SOUTH.
although have not bo.n identified with
Southern railroad interests very long i"
began Mr.. Baldwin. Il have for years
been connected largely, in u business way
with the people Of the South. For more
than twenty years l have been in constant
communication with them l have visited
all parts If their coun ry and have cares
fully udied their commercial industries.
On The grounds, and l say fran iy,
purely from commercial motives, L made
up my mind that the South was the Sec
zion Of this nation which would show the
most ra i'd development within tie next
Gee ,de l saw that, commercially, 1t was
an untrodden territory, Astounding IN
wonderful possibilities as to mineral an /
agricultural wealth. attractive rs to eli
mate, alluripg to settlers ow ng to the
richness OF is soil and the regularity of its
seasons central in it. locati n easily &C
cess,ble to the great commercial centres of
the East and of its own seaboard) and,
soove all. a country already well enough
settled to enab'e properly managed rail"
road properties to pay reasonable divis
deDds Among the enumeration of the
elements of successful railroad manage
ment, were private capital is at stake, TIE
paying of q dividend is by no means iDsig-
nifcant. Railroads are not built to-day
out Of PATRIOTISM" Mr.. Baldwin explains
ed, with smile. 1.-The enterprising men
who only few years ago built MI their
roads toward the setting sun and .oati iotic7l
ly invested their..own Tor their slock hoi ders)
capital such splendid and entirely
praiseworthy OF jac's had before them the
certa nty of waning years TOR popula tion
ana local trs ffic. OF course such roads as
could ontribute their share of freights 10
the great trans-continental trunk line were
sure of something, but all others were
more or less speculative. 1t is always n
serious matter for a commercial entefp Use
to discount the future in that wsy, and
such q course entails great anxiety upon u
management In the South, hswever, the
roads and the population exist ready to
hand"
THE TRAFFIC ALSO.
" But was there freight To carry?" asked
your correspondent.
"A c,nsideratInn 4 that very point
a'ises naturally. In the South is alread y
centred one Of the greatest commercial in
terests # the world Although, since the
mellow prairies of the West have been put
under cultivation, the kingship of cotton
is disputed, tie channels through which
this staple fl ads It's way to N .rket are not
di erse or antagonistic rs is the case with
grain. The future development of the
NJ i-s!ssippi RIVER traffic comprehends {
more direct att ok uuon the cereal C Try
ing Dads that upon the cotton t'ansuorla
ton of the ). u'hren raj road s, stems. i
is highly probable that the ipu ent o
grain to Europ. from New ,rIetn wi
increase FIR some years--always at the *
| pense of the Eastern Sc board c,ties-bu
essrgoes will be drawn m,iLiy fro!
| the s ats tributary to the Miss -ippi
NJ issouri and OHIO valleys The guam y
of grain grown in the Southern latas i
| by no means inco, derable. Still th
| capacity of the interior Sta es for the is
| ing of wheat aud other grains his neve
been fully tested. 1t is not many year
s'nc- Tennessee was the great corn pro
ducing State in the Union. Aside from
the war. nothing but the widespread ex
tension of rairo ds in the West md tn,
lack of them IN Tennessee and kentuck,
MINI. s"ta TO vain this ascendancy. Don
misunderstood me; many of the Western
States, perhaps. have u cap 4city for pro
ducing 10 great quantities single kind o
cereal; but for general pro iucts aud Cor
aud the richer minerals no We tern Stat,
hat l o = of Can compare with tb,
Central Southern and some Of the gul
s .ates."
THE PEOPLE READY.
Are the Southern people alive to thei
opportunity Do they realize the grea
snare fth.s a inns commerce which ~
cry on their part will give them?" Wa
rs ked.
1.-The commercial men of the cotton
States full appreci ,te the situaton,' re
joined Pre- ident BALDWIN. They now Sc,
clearly how very little politics have done
for them and seriously turn toward the
REAL r. construction VIII CHI active trad,
will inaugurate. Tn re is as much patriot
ism there ss in any SEXTON of the nation.
All the war Issues are dead aud buried
except to u few politicians who mIsrepre
sent their constituents and merely use The
language of the past TO give them, personal
!y, passing prominence. The fire. Ga =
ing element is, in fact, too Insignificant t,
deserve consid, Ration when we are dealing
with our theme from commercial poin
of view. True, we hear a great deal NOR,
about the %. who stand forth prominent
ly AS the advocates of these dead issue
than We do of the thousands of young ane
energetic Southern men who are bu,ldirs
ton and wool en- mills; who are opebi. {
mines and starring iron. copper and zlr,
furnaces. or who are relay ing he roads be.
tween the Atlantic and the Ohio ami tn
Gulf These men don't talk, thy don
write books. they dun't go to the lesisia
ture or to Congress. They sp ak, trum pet
toned, in results, however. In ali sober
| nes | don't halieya there ara Io.dnp an,