Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1883-10-19
THE NEW SOUTH.
A Representation of the Inducements |
offered by the south for Northern
Investment

1nvestmcnt.
LOUISVILLE, KY, Oct 1.-THE bankers
association continued their session to-day,
and were addressed by Henry Wattersop,
who was greeted with applause. After a
| pleasing allusion to banks and bankers, he
said 81 am told that you are today con-
sidering a problem which, has attracted the
attention of the South, and that you wish me
to talk 10 you about the South. The South;
the South it is no problem at all. thank
God that we can at last say with truth it is
a simple geographical expression Applause. ]
The whole story of the South may be
summed up in the sentence She was rich
and she lost her riches; she was poor and in
bondage she was set free and she had to 20
| TO work she went to work and is richer
than ever before Applause You see it
was ground hog case Laughter. So it
was here. The climate was here, but along
with it was the curse of slavery. God passed
his rod across the land and smote the people.
Then in his goodness and mercy he waved
the wand of enchantment and-lo, like flow
er his blessing. burst forth Applause The
South never knew what independence
meant until she was taught by subsection to
subdue herself We lived from hand to
mouth, we had our debts and our Niger.
Under the old system we paid our debts and
walloped our ''nigger." Under the new we
pay our niggers and wallop our debts.
Laughter and applause We have no long
er any slaves but we have no longer any
debts, and can eXclaim with the old darkey
at the camp meeting, who whenever he got
happy went about shouting, "Bless the Lord
I'M I'M fatt fat |
1.-The truth is that behind the great rufi'e
the South wore to its shirt there lay conceal
ed superb manhood. That this manhood
was perverted there no doubt. That it
wasted its energies upon trifles is beyond
dispute. That it took pride in cultvating
what it called "thc vices of gentlemen" |
am afraid must be admitted, but at heart 1t
was sound. From that heart flowed honest
Anglo Saxon blood and when 1t had to lay
aside its broadcloIh and put on Its jeans it
was equal to the emergency, great applanse),
and the women of the South took their place
by the side of the men of the South and with
the lspinning wheel and plowshare together
they made stand against the wolf at the
door. That was Is years ago. and to-day
there is not reward offered in single
Southern State for wolf skins. The fact
is that the very wolves have got ashamed of
themselves and gone TO work. Laughter
and applausel. You can see for yourselves
in Louisville what the South has done what
the South can do.
''If all this has been achieved without
credit and without your powerful aid am
now addressing myself to the North aud
East which have feared to come South with
their money-what might not be achieved if |
the vast aggregation of capital in fiscal cen
tres should add this land of wine, milk and
honey to their fields of investment and give
us the cheap rates enjoyed by nearer but not
safer borrowers. The future of the South is |
not whit less assured than the future of the |
West. With you the South will bloom as |
garden and sparkle as a gold mine. You |
tickle her fertile fields with straw or apply |
more violent Utilization to her fat mountain |
sides and she is ready to laugh with the har-
vest of untold riches" Prolonged APP |
plause.
The convention adopted resolution |
setting forth that bank note circula- |
ton is necessary for the convenient |
of business and that such circu.
lation can best be provided through the con- |
linued operation OF tue national bank act was |
adopted, with an amendment declaring that |
the compulsory coinage of silver dollars of |
al2t grains is against the welfare of the ma. |
lion, and recommending to Congress the dis |
continuance of such coinage except in such |
amounts as the demands of business may re-
luire. The president, VICE president and
executive council were instructed to prepare
A plan to be presented to Congress for the
continuance of the national banking system.