The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1882-02-25
Special Message from the Csvernor.
Legislation TO Ensssrsgs Investment in Fac
toriss Rsscnnsaas3.

JhcAhoh. MISS, rem. ~. ~.
To the Senate and House Of Represen-
tafives:
Gentlemen: | respectfully di-
rect your attention to the import
ance of some legislation, eneoursg.
Ing the investment of capital in
cotton factories, and would earn
estly recommend the exemption of
all capital so invested within the
next three or four years from tax
alton for a series of years.
II is true, laws were passed on
the subject in ls72-73 and rs, but
Il portion of this legislation having
reference to litigation growing out !
of these several enactments, it
occurs TO me that the end they all
had in view would be better ad.
vanced by the passage at this ses-
sion of the Legislature of some
general and easily understood law,
embodying the best features of all
others on that subject.
The prospect to-day for addition
al railroads in Mississippi is better
than ever before in our history.
The several lines of roads now pro-
jected aud being constructed will
develop sections of the State that
will in very few years greatly in
crease the revenue, and proper
tionatcly tighten tho burdens of
our people.
simultaneously with the build.
ing of railroads, let us unite in
tryingto establish cotton factories.
The one naturally follows the
other.
AS stated in my inaugural ad-
dress, ait is a demonstrated fact
that cotton can be raiaed cheaply
and pr0tltably in the South.'
| presume that hazard nothing
in saying, that it is much cheaper
to bring the machinery to where
the raw material is made, than to
annually carry the raw material to
the machinery. More especially is
this true, when it is remembered
that we have cheap lands, cheap
fuel, cheap labor, and indeed all
the conditions necessary for man.
uiacturing purposes.
1t viii be remembered, too, that
successful factories give employ
mcnt to alarge number of persons,
whose services are more valuable
and remunerative in that business
than in any other.
The different lines of railroads
now in operation and being con-
structed will cause capital to look
in this direction for investment,
and when manufacturers see that
they will have ready transporta-
ton for their goods, and that lib.
eral legislation is extended to them,
we may confidently hope to have
successful factories in our midst.
/ beg to state further, that re-
ports from various factories in our
sister States, show annual diyi-
dends of about % per cent, and
what is true of Georgia and the
Carolinas, would also be true in
Mississippi.
The largest cotton growing State
in the Union ought to be the great
est cotton manufacturing State,
and to make it so, her advantages
ought to be made known, and
friendly inducements offered.
The South, tits alleged, has more
than ten millions of United States
bonds, and although non-taxable,
the low rate of interest, 1t is be-
lieved, will induce money to seek
other Investments.
In view of the fact that we need
railroads and factories, together
with hardy, industrious and thrifty
people, | most respectfully recon-
mend friendly and liberal legisla-
tion, and protection to capital that
will invest in manufactures.
Very respectfully,
ROBERT LOWRY,
Governor.