Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1884-03-27
THE NEW SOUTH.
The Record of Two Months Progress
I'm Manufactures in the South.
Baltimore Manufacturers Record.

Summing up the capital of all new
manufacturing and mining enter
prlses inaugurated at the south since
January 1, 1884, and the amount ex-
pended in the enlargement of mills
and factories already established, the
total is found to reach the enormous
aggregate of $2S, 800, 600. On this
basis for the balance of the year, 1885
would see nearly $40, 600, 600 added
to the manufacturing capital of the
Southern States. In addition to the
enterprises already organized, there
are a very large number now being
quietly worked up in all parts of the
South. One of the striking features
of the industrial progress Of the south
is the immense amount of Northern
and Western capital seeking invest
ment there. The Southern people
themselves are also displaying remark
able energy in establishing new enter
prises and in building up their own
section.
In what States has this increase
taken place, and in what branches of
manufacturing is most progress being
nader are two questions of particular
interest, the answer to which will
show that the entire South is sharing
in this improvement, and that almost
every industry is represented. Our
figures show that in the amount of
capital stock of enterprises organized
this year, Kentucky takes the lead of
all the Southern States, with Sc, S51,
600; while following not far behind
comes Alabama, with s., 210, 900, and
of the two we think Alabamas repre-
sents more actual money and less pa
per only than Kentucky. Alabama
is making wonderful progress. 1t is
really marvellous to note day after
day the long list of new enterprises
started in that state. They embrace
almost every industry. 1t is true that
the boundless coal and iron resources
of to State are attracting great atten
ton, resulting in the organization,
since January 1, of a number of heavy
mining and iron furnace companies.
But other industries are also flourish
ing A very extensive cotton mill,
large machine-sh9ps, rolling-mill,
planning mills and similar enterprises
help to swell the list.
Virginia ranks third in the list, with
s., 600, 600, represented by cotton
mills, saw-mills, rolling mills, nail
mills. mines, furnaces and other in
dustries; while Texas comes fourth,
with 50, 593, 600. The list of new en-
terprises in Texas, includes almost all
industrial branches except cotton
manufactures, and in that line she
does not seem to be making any prog
ress. Notwithstanding her fine advan-
tages for cotton mills. Georgia IS
fifth on the list, with 81, $50, 600. North
Carolina is making splendid progress,
and in every part of the state new fac
tories are the order of the day. Cot
ton. wooden, flour and saw mills are
among the new enterprises started,
the aggregate capital being 81, 229, 600
Tennessee shows up with SS16,000,
made up rather by many industries of
moderate extent than by few heavy
concerns. West Virginia counts up
for the first two months OF the year
S9tG. 600, South Carolina, 1904, GOO,
while the other states figure up some
thing less than $500, 600 each.
Notwithstanding the depression IN
the cotton goods trade of the world,
the south is steadily pushing ON IA
the building of new cotton mills.
Among the enterprises of this kind
now under wav is a newly organized
company to build q S175, 600 mill IN
Columbia, Tenn; a 5000, 600 mill in
Durham, N. o., by j. $. Carr and
Odell Bros. a $50, 600 mill for Tren-
ton, Tenn. 4 $500, 900 mill at Dalton,