The patron of husbandry. (Columbus, Miss.) 1875-1883, 1881-09-17
Tne Southern Roo,n
Cincinnati Gazette.

a'ou " capitalists Doth In Europe
and America, and the amount of
capital that is seeking employment
10 railroad, mining, manufacturing.
and agricultural enterprise in that
portion of the South, east of the
Mississippi and south of Richmond,
Va, IS simply marvellous, and vet
the field has not been explored much
hey nd its borders. The growth in
production as capital opens up the
hitherto Inaccessible region bv the
construction of railways can not
well be timated But that it will
be great no one who is at all &C.
qudiated with the vast resources of
the South will deny. Unlike the
West, however, where business of
all kinds is largely speculative, it
gives but little encouragement to
those who expect to create fortunes
in day. The South offers extra
ordinary inducements to those seek
ing safe investments, and guarantees
sure and Profitable returns, but to
spectators and adventures no en-
couragement is given. The basis
upon which the business of the
South will have to be conducted,
and the enterprises which are at
tracing capital and encouraging the
establishment of factories, furnaces,
and the construction of railways
have nothing of a speculative or
spasmodic nature in them. They are
sound, sure, safe and permanent.
During the past two years over
100000 have been subscribed
in America and Europe for invest
ment in the South, exclusive of the
vast sums which have been expend-
ed in the trans Mississippi district
OF course the greater portion of this
sum has been invested in railway
enterprises, but as to the railway
system is extended other field for
the profitable investment of money
are opened up. The principal rail
way svndicates already formed are
first, the Cincinnati and Georgia
syndicate capitalized at $4,000 900.
and $4,000 900 bonds already float
ed, making a total of $4,000, 900. 1t
will eXpend $1,000, 900 in the con-
struction of connecting lines at once.
Second, the Georgia Pacific syndi-
cate, with a capital of $I2, 100000,
is pushing the construction of its
lines from Atlanta to the coal and
iron field of Alabama and thence to
the Mississippi river. Third, the
Norfolk & Western syndicate has a
capital of $1,000, 900 and will build
several extensions. Fourth, the En-
LANCER syndicate has a capital of
SIS, 100000 besides the Alabama
Great Southern property, and will
construct about $50 miles of new
road within the next eighteen
months. Fifth, the Richmond &
Danville, or CLYDE, syndicate has a
capital of 100000. 1t is con
structing extensions that will cost
about $6,ooo,ooo. Sixth, the Mem
phis. Selma & Brunswick, or Wolfe,
syndicate has capital of $27, oOO,-
900, and will build gaps and exten
Sions covering nearly 800 miles. To
these should be added the Louisville
& Nashville system, Huntington S
Kentucky lines, the Cincinnati
Southern, Chicago, St. Louis &
New Orleans, and Mobile Il Ohio
roads. These syndicates and com
panies own nearly every foot OF
railroad south of the Chesapeake &
Ohio road and the Onio river and
east of the Mississippi river. II
general direction of the lines that
no line has the exclusive business tc
or from either Cincinnati, Louisville
Memphis, New Orleans. Mobile
the Southeast seacoast or Richmond
but that they are all common OF
competitive points. This condition
of things can not be altered, and, as
consequence, these companies will
push the construction of interior ex
tension and feeders to every avail
able point, and use every possibe
means to build up the local traffic
as an offset against the competitive
business, which will necessarily
have to be carried at very low rates
This will open up new and safe en-.
terprises in the interior for the in
vestment Of capital. Indeed, the
result of the efforts already pur
forth by the railroads in the interior
is being felt in the most satisfactory
and substantial manner. Several Vi
the States have representatives a
Castle Garden for the express pur
pose of turning the tide of emigra
ton from the West 20 the south
! The most liberal offers are made tt
the better class of foreigners to set
lie in the South, and large mum
her of representative men from
Germany, Norway, Sweden an
England have already accepted tht
offer, and have bought large bodie
of land. In addition to the none,
carried South by the railroad syndi
Gates, there have been nearly 81,
ooo, 900 OF Northern capital invested
in cotton manufactures in Georgi;
alone within the past year; $1,000,
900 has been subscribed in til.
| East to be invested in coal and iron
enterprises in Tennessee; ST. 500, oOc
has been raised in Pennsylvania t,
erect steel works in North Alabama