Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-12-21
GEN. JNO. b. GORDON
On His Return to Atlanta Gives Some
Account Of His Eur pean Expe-
-riences, and or
His Successes in the Business that Took
Him to the Old WOrld-The
SOuth's Future.

| Friday. He was, OF course, warmly greeted
and on the succeeding day, Saturday, was
interviewed by reporter OF the Atlanta
Consultation, TO whom he said in answer to
the irEt question:
~ am very glad to get back home. After
all this is the best country in the world. In
a material way believe it is going 10 de-
velop into the richest eecticn on the globe.
La a social uey I 6ud more individuality OF
! character and a more marked originality
here in one day than you can find In Europe
in a month. This is perhaps natural, be-
cause ours is a new country, and every man
| who is Intelligent and active is himself a
force in its development, and must beIreliant
and aggressive, 50 10 speak, TO hold his own.
He builds up his own business and is the
architect of bis own fortune. In Eugland
everything, on the contrary, is conservative.
| A man inherits his business from his father
and conducts it just as it had been carried
on generations before him. There is little
to breed originality or make salient points
"a oturzotef 1ou find, therefore, that our
people brighter, more original and
| stronger in their personal characteristics
than the English or Continental people. 1t
is quite relief to me to get back
PRoUDER OF HIS COUNTRY THAN EVER.
"You come back prouder of your country
than ever?
eyes, and loving it better. 1t is enough to
make an American proud 10 ride through the
streets of London With lite eivilizafinu Of 1000
years and see American implements, Ameri-
can Isewing-mschines, American tools and
American goods displayed on every hand aud
know that American watches are being sold
in the stores, and American fields are feeding
the English people, and American factories
beginning to clothe them. Its strange, too,
how being in England wipes out all sectional
pride that the Southern man and the West
L..
New York you are introduced 10 stranger
as a gentleman from the South, Chicagoan
il introduced in Boston as from the West. In
England you are introduced universally as
an American, and before you know it you
have forgotten all sectional prejudices or sem
timent and involve the whole republic in
your affection and pride. An American
never understands what a great com
try we have aud what a work it
is doing until he goes 5000 miles away from
it and can contemplate it all amidst people
who know nothing of its interior prejudices,
but who consider it as one grand republic.
found, however, that in intelligent circles
there was special interest ia the South 1t
is generally believed in Europe among the
best thinkers on social and financial topics
that the South will become
THE RICHEST PART OF THE COUNTRY.
They are beginning TO investigate thoroughly
our wonderful material and agricultural re-
sources, to wonder at our development, and
TO inquire after Southern investment. The
investment of Sir Edward Reed in Florids,
and the establishment OF Rugby colony in
Tennessee, the heavy investments in Missis-
sippi valley lands by English companies, and
the heavy purchases of Southern State and
railroadsbonds are but hints of the interest
that the Epglishman is beginning to feel in
the South. There is general disposition to
and nf 10 A
where the younger sons portions are ample
for large purchases of lands or Investments
in new enterprises. Heretofore they have
mostly gone West, but hereafter they will
begin 10 come South. Already Texas is
filling up with young Euslishmen OF good
education and family, and a number have
settled in Tennessee, Kentucky and still
more, perhaps, in Virginia. Some that
know OF have settled in Georgia. They are
finding out very rapidly that their small
capital will go further in the South and
command higher premium than il will in
any other section of this country, and that
the North and West are flooded with capital |
pretty much as England is-that men of |
small fortunes are beginning to be crowded |
out"
MANUFACTURES.
"Did you hear cotton manufacturing dis. |
cussed very much?"
sYes; talked with great many capital |
ists who are interested in cotton spinning |
They were emphatic in the statement that |
they expected to see the time when the /
South would manufacture the bulk of the
cotton grown in the South. They say that
hat is the natural tendency of things, and
hat they cannot hope to put off the day
very long when the South will be able 10
Rive English cotton goods out OF the
worlds market. They had hoped that ihe
iisorg ignorance that prevails 10 H.
Tia and Egypt, and the lack of enterprise |
which make it impossible for those countries
o manufacture their cotton crops, would
prevail IN the South. They find that they
we're mist AIKEN, and that the Southern people
IRE rapidly improving their natural advan-
ages. The Englishmen do not seem dis
'osed to-hurry this movement forward, for
hey have enormous sums Invested in cotton
machinery, and plants established that can
ay that with or without any help The day
ill come speedily when the South will
manufacture the bulk OF her staple crop"
THE GEORGIA PACIFIC BONDS.
"Did you succeed in the object of your ]
rip?"
Eyes. had several matters in hand whensl !
went there. and / succeeded beyond nv ex-
ectstions. desired to place large amount | /,
Georgia Pacific bonds. / organic !
owerful syndicate, closed trade with them
n the bonds, secured their signatures there
}, and had the contract properly sealed and
mt to New York, where it now is in the ?
ands OF the officers OF the roadA Just after :
lie was sent TO America, there was differ
ice between us as to the exchange and cost d
transferring the bonds. Pending the set =
ement OF this, which could not have utter | G
red with the contract, the fearful tumble p
Louisville and Nashville and Memphis :,
Id Charleston stocks came. This was fol- RI
wed by a worse tumble in the stock of the d
edmond and DanviIle road ITSELF it falling :
way below any point which it had hitherto q
sched. The parties with whom had con- C
acted became frightened at this extraor- a.
GARY decline in Southern railroad stocks, c.
ID especially in the fall of the Richmond p:
ID Danville, which was the power behind | pi
e Georgia Pacific. They could not I'M | ii
rstand that it was purely and SIM n
y the effect of speculation, ard they 70
owed disposition to decline TO comply dc
tn their contract The matter is still | bI
en-, and their contract, officially and for s da
Ally signed and attesied, is in the hands OF pc
3 company in New York. Some changes lit
We been ms de in the terms OF the contract n,
itch makes it more favorable to the English G.
Indicate, and am satisfied that they will to
W make good their contract il the COM PPt pr
ny 60 desires. Arrangements are being de
Ide in New York with other parties, out ca
whom better terms may be secured than co GO,
terms on which sold the bonds in wi
gland, and these arrangements may result
the bonds being placed in America. OF Il,
. thing The company is thoroughly as
ed, and that is that the bonds can be cold &c
England to parties with whom / con-
cted on terms that the company proposes
they are not sold in America on better
ms. There is not the slightest possibility
the work being impeded because of the rel
of purchasers for the bonds. The fro
,rgia Pacific will go ahead as rapidly as it to
49,. | 4;