The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-10-21
THE SOUTH. CAPITAL AND M
puSTRv.

In many instances p9r cent. Is re-
garded as good interest.
There is hardly point In the South
that money will not command as much
a. or 10 per cent. Investments are
sctive and the returns are such that Ia
nearly every instance the dividends
Oh capital far excssd those Obtained In
the North. Cotton mllls, WOODEN mills,
and, indeed, factories of every sort,
offer the Inducements to capital men,
tloaed above, and 1t is beyond bsliof
that the far-slghted fiusueisrs of tho
East so grossly under rate the returns
and advantages that capital commands
In the South.
To THE HERALD the pleasant story
OF the South's growth and activity and
osperity has always bosn fayorite
one. 1t is one we delight to dwell
over, for success to any point or bust
ness Is success In large measure to
sil. But to capital tho records of in
dustry are the most charlottesville 40
tual outlay OF monsy and growth OF
enterprise. Monthly this record ap-
pears to grow, and its increased di-
mansions soon rs If they more and
more should Impress capital ard cap
ture Investments for this section. Not
only are the returns bester, bal the
field for operations Is wider than In the
East aud enlarging daily With the
most astonishing rspidity.
What finer rsturna could money de-
sire than from section where prodts
range from 10 to 25 psr cent. In all II nes
OF business, and y slngle halt decade
presents the following figure, Of in-
dustrlal pro gross, taean from y most
reliable authority.
"Siuce 1879 tho South has added
| l,0O0 miles 10 her railroad mileage, the
building of Which, added TO the in
veatinsnts in old rolds and their Inn
provemont, muss loot up but little, II
any, short OF $500 100000 Tbs assessed
vs,ua of property In tho South, not
wtthstanuing the fact that the assess-
ments arc much less than the actual
cash value OF property, and that y
large amount of manufacturing orpp-
erty that has been created sincs 1879 in
not represented In tho TAX assess
rnents, owing to the exemption laws,
shows an increase of 5000 .0O0 600 siuco
1879. The production OF corn has i'm
creased from 334,00),0O0 bushels In 1879
to 49S 900 600 bushels in lSS5-a gain o.
165,00O,000 bushe!a--and OF oats, from
$4,000 QUO bushels TO about 10000 600
bushels, while Of tobacco, ftuEs aud
vegetables, the grasses, etc., Ito III.
crease has been equally as aatisfac-
tory. In the raising of hogs and live
stock generally tho same wonderiul [
progress has been shown.
la manufacturing, wo have seen the
number OF cotton mills increase from
$50 10 S53, and the number OF spindcs
and looms from 7l3oS9 and 1922, ra-
spectively, to 1,46J697 and 270W-s
gain of about 100 per cent. Cotton.
seed oil mills that In 1880 numbered
40, with a capital of S350i,500, now
number l46, AID their ca aiti is Sl0,-
1o2,450. la 1880 the South made 397 SOL
tons of pig iron; in 1884 1t mide
6o7 599 ,ons--a gsir of 260,20S
tons. Three States Vrglu', Alan .mh,
and Tennesseo-that In 1880 produced
l7S,0O6 tons OF pig iron, In 1854 prniucsd
4Sl 7ll tons-2n tAcraaae OF 1903 1913 tons,
or 8 800 tons more than the net increase
Ia tue United States, the production In
tho whole country outside OF these
three States being lass in 1881 than in
1880. In 1850, cos, 81 tons OF coal were
mined Ia the S ruth. aud ia 1884 the
gu put was l0,Sii,05l tons. The
amount of phosph $50 rock mined In
South Carolina in 1880 was 100 600 tons
| and the capital invested In the bust
ness was So 800, while new the cap
ital Ia over So 500, 900 aud the amount of
rock mined largely over $4,000 tons."
But, "a said by this same intolli CONT
observer and guardian of Southern in
terests from which we have quoted,
the record referred to is but a glance at
the real progress and added wealth.
The present year, SO far, has shown %
tremendous stride in every line OF 40
tivity until within the list of new en-
terprises for the past nine months an
cludes:
"Furnace companies to make pig
iron, foundries and machine shops,
STEEL works, cotton seed oil mills, cot.
ton com presses, fruit canning fGctorie 1,
| carriage and wagon factories, agr,cul.
tursl imp ement factories, n lur mills,
grist mills, saw mile, planing mills,
sash, door and blind factories, shuttle
factories, tob icco factories, brick
yards, ice factories, fertilizer Tao
tories, furniture factories, stove
foundrles. wire fence factories, line
works, soap factories, tanneries, glass
works, gas works, whiting factories,
distilleties, potteries, marble and slate
quarrytng companies, and companies
10 mine coal, iron ore, gold, silver,
mica, natural gas, oil, etc., ana many
others, showing that the Soush's
progress IL a steady advance In all
lines, aud not an unhealthy, because
overstimulated, growth OF any one In.
dustry."
A land 20 full Of industry ana enter
prise, so teeming with activity and
prosperity, where cap itai meets such
sure and speedy retu rms, Nv certainly
preferable for money to u section
where a grand surplus Ia piled up be-
otnso no profitable investments offer
and where money goes begging ut
rates ranging from to Z por cont.
And yet, ~ often as this unvs, nlshod
tale of advantage to capital Is told, it
but intrequen,ly PRODUCES conss-
quences. Tho funds coutinus boarded
IN tho East ana tho politicians abuse
Is allowed to negative there tho un.
snswersOlo aud unaltorable facts OF
daily trade.