Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-01-14
SOUTHERN PROSPERITY.

The Wesson, Mississippi, mills won the
highest prize with gold medal at the Atlanta Elk
| position on wooden goods.
Some wealthy and enterprising citizens OF
Washington county, Mississippi, who attended the
held at Atlanta, propose to establ sh cotton fac
Greenv1lle has been built since 1866 from cotton
plantation on the Mississippi river to prosperous
town OF thirty five hundred Inhabitants and this
without any railroad facilities until within the
past two years, during which the town has con-
structed at her own expense ten miles OF railroad
The Southern RoH,cay Gozette, which has
been looking into the matter, discovers that the
Soulh is better provided with water power than
any other section OF the country. This is pecu-
iarly so of the Atlantic SLOPE, the four States of
NirgiAia, North Carolina, South Carolina and
Georgia having water power equivalent to four
the steam engines in the world. The Yadkin river
of North Carolina alone mas force sufficient to
of wealth in the South, of which but little has
been said
The trade returns OF a large number of
Southern cities at hand, and they all show
prosperity. Richmond, with a taxable property of
SiO,OO0OJO, turns out S32S0O,e00 of manufactures,
increase OF 5000 over the previous year: Column
bus, Georgia, with population of only seven
thousand, increased its business over lSo0 by
$685. coo; Augusta, with a population of twenty
three thousand has 1000 600 invested in cotton
mills, which averaged dividends OF eighteen per
cent. Prom every portion OF the South similar re-
ports come, showing large increase1n Southern
manufactures
1t looks to the Boston Commercial Bulletin
''as though the completion OF the remarkable sys-
TEN OF RAILROADS now building in the Southwest
into Texas, Upper and Lower Mexico Arizona and
California, may divert Urge portion of the bu l.
ness between the two oceans from Chicago to St
Louis and from New York to Philadelphia, Balti-
more and Norfolk" This is about The size of it,
Ana yet the course OF trade changes so slowly that
the merchants of St Louis, Philadelphia and Bal
timore will be disappointed II they expect the
trade TO come 10 them without special efforts on
their part 10 get it.
Southern land syndicates are becoming
numerous in New York London, Boston and Am
vestOrs, and Or. Jaocbus Westheim, of Amsterdam,
representing investors in Holland, have just
Messrs. Phillips, Marshall d Co. OF London have
bought one million three hundred thousand acres
in good part of levee lands in the Yazoo delta. A
Nashville syndicate holds one hundred thousand
acres in Tennessee and Mississippi and scarcely
commercial paper is without its advertisements OF
Southern land schemes
A great consolidation OF iron interests is
nearly effected at Birmingham, Alabama. This.
Will unite the Alice and Eureka furnaces, now in
operation, the great SloSs furnaces now being built
ana two more TO be constructed. The capital of
movers in the scheme are De Bardeleben who re-
Gently sold the Pratt mines New York capitalists
This would practically consolidate all the iron
producing interests OF Central Alabama except the
charcoal furnaces. The six furnaces together
would have a capacity of one hundred and fifty
thousand tons annually.
The sale of the Southern States Coal, Iron
and Land Company aimited) to the Tennessee
Coal, Iron and Railroad Company makes the latter,
with 5000 600 capital, the owner Of three large
blast furnaces, already built sixty thousand
of mineral land, including the Tracy City coal
mines and coke ovens, saw-miils car shops, foun-
dries, friedrich and baryta works et.s The
Southern States Works located at South Pittsburg
Tennessee, were built by a syndicate OF English
capitalists who have expended over a million and
one-half improving the property. The change in
ownership puts q syndicate of American capital
lists in control the leading members Of which arc
y. Baxter, A. NJ. Shook and Cherry. O'Connor d !
Co Of Nashville; John Inmsn OF New York. and !
leading officials OF the Louisville and Nashville |
railroad