New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-05
FORTUNES IN The SOOTH.
THE DEVELOPMENT OF GREAT NTEREs1a
WHAT The "PRlNcE OF NASHVILLE" SAYS ABOUT
THEM

WHAT The "PRiNcE OF NASHVILLE" SAYS ABOUT
THEM.
The attention attracted to the ssuthw coal and
iron fields has drawn attention 20 the who arc
engaged Ia promoting these enterprises W. NJ. Dun
the Nashville banker who sometimes spoken OF I'D
New-YorK the Prince OF Nashville is prominent
In tho number He ia OF small rtatnre but well
built with bullet shaped head. lar ke square forehead
and a thoughtful expression. His gray hair ami mus
tache are kept closely trimmed. His talk about South
ern Affairs and Southern Is intelligent and lively.
said the other day In the old time before the war
the Southern people gave their attention to raising
cotton The man who the owner OF a large number
OF negroes and a cotton plantation mad reached the
hegn. of bis ambition He looked TO the increase OF his
negroes for his larg profit n he got dollar ahead 10
invested IN land or more negroes since the
era has cone. We have already developed
OF business sagaoty aud grasp equal 10 tho men OK
the North The OF tue states OF Tennessee aud
Alabama. with which am hest acquainted, have re-
NAMED undeveope all these years 81 npy because our
peope co I'D not FORGET their early training and tho
occupation In which they educaedby their fathers
They knew nothing ese IL was long time before they
tried anything else. The general impression that
prevailed through the north that there was feeling OF
opposition In the South all Mort people FOR many
years prevented the enterprisns people OF this section
from down there TO LOOK over the undeveoped
properties. Graludlly camc 70 the front LA the
South itself who have created th, own capital and With
ssgacty ami energy have far succe lei In dryeoIng
tho RESOURCES OF tho they have broughs
their section into prominence Men OF caoiti IN tue
North have JOIN them ia the furtherins
waat will eventually be development far beyond tho
anticipation Of the gune o: the early workers
IN that tegion."
Mr. Duncan r-ferred to tho pioneer move mens in tho
Birmingham region In this ways The pioneer organza-
ton las the Tennessee Coal Iron and Railroad Com
pany in renuessee but aterward aosorotng and
atmg Pratt Coal aud iron Company AID
Alice Furnace Company bringing together two or
largest properties based coal an iron IN tue south.
and what promises be the areess IN the world You
may understand something OF tie confederation with
which capitalists have Regarded this consolidation from
the fact the properties we're listed on tho
New York Stock Exch iuge year ago. the stocks
stood at 40 cents The Induced Northern men 20
go look the region and the result that tuo
at 1l3."
Wnsu Mr. duncan was as xsi to tell something of the
men have been pushing ts territory TO tue front no
spoke OF Euoch Ensey formerly OF Memphis Ten
nessee. u resident Of Birmingham, Alabama, aud
OF the Tennessee Coal Iron and Railroad Com
pany. EDslsy, like nearly all tue other prominent
Of these developing movements Is the son OF an old
slave and he was himself slave owner The war
partly min anu bs father and threw him on
his own resources. causing HIN to develop tho ability
with which he has handled tho birmingham Property
aud brought 1t to prosperity. le about nItytireo
years OF age aud millionaire. Another OF the leIiine
Is l. T. HilmaD who Il at sue head OF tue Iufnaco
property of that resion. He learned ron-makiue In
TenUesses, where his father charcoal iron maker
before him. He has recently gono from Cumberland.
Tenuessee Birmingham. where he now lives. and Is
recognized authority Ia the iron world. A. NJ.
Shook is OF the two properties.
was In the mountains OF Tonnes go and with his
father was u slave In tue days before tue war.
Hi, business capacity Is considered great and ne has
made both reputation wealth in the iron and coal
Dusiness
Nashville and CiatlsnOoga Railroad. Mr. Duncan said:
modest and retiring Disposition Of Colonel Thomas
sno1ld speak for bin tic IA doue AS much as sny
Induce Capitalists from The North To como
South to develop The coal a.d iroD Interest As
a railroad he has ~ superior IN Judgment In
the United When tooS charge or the Nashville
and CHattanoOga road No riOted policy 50 difereat
from predecessors that tho entire region i'm
m-diateIy lolt benoncla etocts- These arc all
southern Of whom have told you. There are also
hrrn who have shown such deep interest
their efforts approcsUe. Among them Is John
ii. nman, OF iuman, swan o Co.. the larSt cotton
house tic spent mon~y way into the millions In
developing he coal and iron properties OF tue SOUTH
William Woodland ANA James ST. la all. OF the nrm OF
NOoiard Il Snan. have also Oeon prominent. As Well
as NJ. b. Pelding ami >icho.s u wynn. OF tho nrm OF
Fielding & Jun These ali 60 tou merchsnts aud
monaires, are using turr bIOuey 10 some purp'e
build OF the waste places and develop
section doins ev-rytbnk In thrir power 10 make
Northern people feel welcome they are ru"cceiins 10
methods Of advertising Inducements for emigration it
would uot DO loux until the South would G mpare wen
West IN the ySor or her cuzensIp, Ia stirring
enterprise aud In growth ~ "a atrrisl wealth "
10 Mr. list might be added number OF North
ern Ike General Willard Warner. OF IccunSeh Ala,
who done a magnificent work in developing tho
material resources and particularly the iron Industry OF
that region