San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1882-01-05
SOUTHERN DEVELOPMENT
Countless Opportunities for Judicious In,....,
and Thrifty Management. ''prb
Cincinnati Gazette.


Cincinnati Gazette
The Atlanta Exposition has reveo,o,
more clearly than has ever been sbows
before the boundless mineral wealth :,
the South. The richness of it's MINI
is only exceeded by the variety of 49,
deposits. There is iron of all oualitas'
and coal is near at hand to fuse i
There are copper, lead, silver and cola
in only less abundance, and there aro
moreover, abundant deposits of tbosa
rare clays that have brought such wealth
to China and Saxony, when manufact.
ured into crockery. When the indns
tries which the working up of the above
substances, and many more that VA
could name-leaving agriculture and
cotton spinning out of the count-sbolI
be started, there is no reason why the
Southern States should not abound in
centers of dense population. While
the lowlands on the Atlantic, the puli
and the Mississippi may continue to be-
devoted to agriculture and remain
sparsely settled, there are higher levels
in the interior where the climate is as
healthy as at the North, and where wa.
ter power abounds. The Exposition
has called from their homes the rural
inhabitants of all the Southern States
as nothing has ever called them before
and the combination of Nolvl orn ma.
chinery with Southern products in the
great show must prove powerful edu.
Gator. The days of grumbling and ku.
kluxing are over, save in exceptional
instances and localities. The South
generally will henceforth be willing to
work, and to welcome the importation
of the capital which insures the excess
of material development. The North
has also been q looker-on at Atlanta,
and its conceptions of what may be
done have been greatly enlarged. The
best investment that Northern and
Southern enterprise has lately made is
that Exposition in Oglethrope Park.
1t will bring forth abundant fruit, and
that at no remote day. There is great
deal of money in the country now
seeking investment. The days Of high
interest in bonds and mortgages are
over. The government can borrow
money at three per cent, and that eff.
fects the rates of all other loans. Large
profits must mainly come from the
manufacturer of staple articles. Silver
and gold mines are good ia their way
But their development has often proved
worse than uncertain. There are other
minerals more surely profitable for
working, at least by men of moderate
capital, and a bewildering choice Of
these is offered at Atlanta. 1t will bea
good thing for the public morals if
much of the capital how tossed about
in stock speculations is put in channels
for the operation of which honest la,
Dor is required, and from which honest
values will flow. There is no Eldorado
in the South such as Ponce de Leon
expected to find, but there are count.
less opportunities for judicious enter
prise and thrifty management. For
various causes these have been too
much neglected. If we do not misread
the indications, however, such is not to
be the case much longer. Before the
dawn of the twentieth century there
will be new South -business energy
and the diffusion of a sound education
among both whites and blacks, being
the chief factors.