The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-01-23
"FATraIN rHE SOUTH"


We noticed the other day In an eastern
exchange a short account Of an interview
with III. JonN II. INMAV, OF New York,
that contains some encouraging iscts for
the people OF the South. Mr.. lNNAN is one
Of the men whom fortune has favored 10 en-
unusual degree since the war, He left the
South at the close Of the late unplesSs mt
ness with only few hundred dollars, and
hetook himself to the city of New York. In
the past fifteen years he is reported to have
accumulated fortune of SO, 600, 900 in spec
ulations in cotton and other pursuits. BY
all who know him he is regarded as re-
markably cautious, accurate aud long
headed business man, and his conclusions
are generally basel upon solid stratum of
facts, What he may say, therefore,
is entitled to weight. lie cane
South short while back to note,
from critical and business stand
point the changes that lad taken place in
the past few years, and to satisfy himself as
to the promise of the section for the imme-
date future. lie expresses himself as as
tonished, and declares that every enter
prise and industry seems TO be in the most
llourishing condition. Peace and plenty
seemed to prevail everywhere that he could
see, and he declared that judicious invest
ments were realizing far larger returns
than those OF like character in the North
or East. His faith in the sections futurJ
was so great thathe Immediately attempted
to invest So 900 in bonds Of the Georgia
a. Pacific railroad TO run from At
lanta, Georgia, to Columbus, ,Mlissis-
sippi, Offering only shade less than
the market quotations, but his offer
to purchase was declined by the company
holding the securities. Sucn facts as these
speak volumes, and ought TO drown the po-
| ltical and infamous ISLANDERS that ars so
constantly being repeated even yet against
the qAiet and industry Of the South. 1t is
| indisputable that here is the best and mos
promising field for enterprise and invest
ment in the whole country. Every one
who takes the pains to investigate the mat
ter, come from whatever section or COun.
| try he may, arrives at the same conclusion,
There IS scarcely another part OF the Uniltd
| States, indeed it is doubtful if in the Union
| there ia another section where cautious
capitalist would want to invest 50 600 600 in
solid cash in one enterprise alone, and yet
have his offer declined. Sensationalists
cannot get around such facts rs these, nor
can .calumny and abuse cry them
down Such facts are simply, unansweraDle
testimonials to the present happy and
prosperous condition OF the southern states,
| the proiitableness of Investments, and the
willingness of capital, always cautious, to
come amongst us. The visit of MIR. lNMAE
ought to suggest TO the councils AID boards
of trade ard chambers of commerce
throughout the south the advisability, and
poss bic benefits in consequence, of inviting
wealthy men from the north and east TO
visit them, and investigate the question Of
Investments in southern industries, their
possible returns, and the safety Of the IN
vestment and the investor. Many millions
might be thus easily brought into every
state of the south, and turned II. once into
the channels of trade, by very little effort
and expenditure of money by the bodies
referred to.