The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-05-24
SOUTHERN PROSPECTS.
lMMlaRATloN ANo COLONIZATION.
III. Wealth Of til. rIub.r L.ad.-S,.dle.... Bay.
isE Up That Klsd Of PrOpsrtI-rAs yslus Of +.
The Ia,ss, ,nsats-Iaersass Ia the Sam.
bu Of Railrolds-BriEht outiOst.

exception, OeIleVe, tney nave HI mAue
appropriations and established bureau Of
correspondence and information under
charge ofa Commissioner Of immigration.
The Commissioner Of this State Is Major
z. G.. WALL Of jackson, . Confederate
officer who dropped leg in one Of the
Virginia battles, but is still considerable Of
man. had long conversation with
him not long since, over at New Orleans,
on the situation and the prospects OF Mis-
sissippi as regards immigrants from other
States and from Europe. He is OF the
opinion that the seed sown and being
sown by the State in the hope Of diverting
attention to It's resources is producing good
results and that something like boom is
probably not far of. He told me that the
sales OF land last year, State and United
States lands, amounted to million acres,
and he also informed me OF negotiations
then in progress with party OF English
capitalists, headed by the Duke Of New
Castle, (who was recently in New 0rleans)
for the investment OF about 5000, 900 in
Mississippi real estate-improved lands
mostiy-in the central and northern parts
OF the State. And now see announced
| In q New Orleans paper OF this morning
that German syndicate have bought
!, 100000 acres in the cotton belt OF the
State. The purchasers, as also the English
Isyndicate, ,ex pect to coloniZe aud dsub-diyide
their lands among immigrants, to whom
they will sell small parcels on reasonable
terms as regards prices aud deferred pay.
ments, expecting not TO make 80 much a
speculation out Of the purchase as good,
safe investment for q certain amount OF
capital. They see their way clear, as they
figure 1t, to earn at least Elk per cent for q
term OF years, on their money, and tnat,
with them, is an important consideration.
THE TIMBER LANDS.
In addition to my conversation with
Major Wall, l likewise talked on the same
subject with the U. S. Commissioner Of the
Land Office at New Orleans, who informed
me that the eligiblelong leased pine lands OF
Louisiana we're being taken up'rapidly by
speculatos and lumbermen from the
North. / met one Of the large buyers
shortly afterwards over here at the Bay-a
lumberman named Heald from Michigan,
who for himself and others has recent.
| " bought about 10000 acres, including q
desirable mill site on. the Pearl river not
far from here had quite talk with Mr..
Heald, who Is q shrewd Maine Yankee,
who came from the pineries OF that State
into the pineries Of Michigan when q
Young man, and having made good
thing out OF lumber in the North has
closed out the remnants OF his original
holdings there and has invested over here
under the conviction that his children will
make as good'a thing out of his purchases
here Us he did out OF his Purchases in
Michigan aquArter Of q century ago. He
Is well posted as 10 the yearly consumption
OF pine lumber in the country, and has
seen the once supposed ineI haustibse re.
sources OF Michigan. and Wisconsin melt
| like snow. in the face, OF the great and
growing demand for lumber produced by
the immense immigration into the West
and Northwest. He expected to see his.
tory repeat itself here in the South. and
thinks THAT pine lands we'll bought in
the South especially this part oil the South,
Ia az good as wheat in the mill or money in
the bank, He calculates that ten years
more will practically exhaust the piueries
Of Michigan and Wisconsin, and that mean
while an increasing demand will set in for
this yellow pine the South, which 10
beautiful lumber and In some respects and
for certain purposes to be preferred 10 the
white pine OF the Northwest. II is now
selling at 81 25 per acre, and an acre Of 1t
has from fifteen TO City large sticks" las
they call them) that 10, euch sized sticks"
two feet and upward In diameter) as will
nav at present rates for logging 10 The mills
on the the rivers. Supposing q man to
make only dollar per tree, he has not lost
ANYTHING at 81 % per acre, but on the con-
trary has received his money back several
times over, and, In addition, has the land
left for pasture besides large amount oi
timber valuable for wood and buildlngpur-
poses. supposing this land to be held on
speculation for Eve years, and then TO be
worth So so per acre the purchaser has
doubled his money and made good by
interest. twill hardly be worth less than
So so ut trtheend Of the next 6ye years. At
least this Is the view taken by the present
purchasers, and some very sagaciouG busi-
ness men are buying largely.
"A YIELD FOR INVESTMENT.
iIhaye not written from the South in any
Of my letters to. either exalt or depreciate
its advantages for immigrants. remarked
in my srst letter on the important and rad
ical changes that had taken place in the
Birmingham region Of Alabama since my
tirst visit there in 1859. There was at that
early day alter the war, as all can now see,
al inviting field for capital, and yet capital
up 10 that time, and for some time after
ward, was slow in taking hold, but the
grand denouement came at last. And It
NAV be that in hye or ten yearsa O denoue-
ment Of n somew what similar character will
lake place in these pine regions OF the
South Because these woods have so long
renamed dormant and neglected proves
no more as regards their future value than
In the case Of the long dormant and neglect
ed and valuable mineral regions Of Ala.
bama. We know what has taken place IN
| the latter regions, and We can only Infer,
under the process Of the stimulus ot railroads
and increasing population, what will take
place in these great lumber fields OF the
South. Ny impression Is that great changes,
including great speculations, will be seen
IN Tue south IL VIC nS1t -" isrps', - -
ment, and The bold and adventurous capi.
talists who are now planting their stakes
can hardly, fail TO orealiEe signal advantages
| The South has awonderiul amount Of water
nav giRation, and she has fully entered upon
An area Of widespread railroad buildiug.
The New Orleans 1fule,.D Democrat publishes
A columnof railroad news every morning,
mostly In regard TO new features or new
projects in the South, and any intelligent
reader who reads with map ofthe eoun.
~ before him, can see that a great awaken.
ins Ia taking place among local and foreign
capitalists, a. we'll as among the people
whose real estate and other interests are to
be affected. ~ sss. -1i5lr,
RAILROAD pEyELoPMrSr. ,-
Gould and Huntington aretwo capitalists
| A - tAfn.