The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-04-30
MEMPHIS AND THE SOUTH.

Signs of the Times Which Point to
Wonderful Development.
From the Nashville American.
There has been laid ON our table pam
phlet styled memphis and the Chickasaw
Land Company" which we might treat as
an advertising boast and throw it aside.
1t means the sale of lots and the building
OF another town just outside OF Memphis.
This pamphlet, however, is full of facts
OF general character.
1t makes this remarkable statement
about Memphis:
'IIer banking capital has been increased
20 per cent, her manufacturing capital
25 per cent, her general trade 500 per
cent, her cotton receipts about 100000
bales, and her population 10000" for the
year.
This is wonderful showing for this
southern city, and we refer 20 il with
pleasure, rejoicing in il all the more be-
cause il is not exceptional. II is true that
under wise management OF municipal
affairs, and with business men who believe
in Memphis and are aggressive to an cx-
tent rarely seen, the city has in The last
few years attracted the attention OF OBJ
servers far aud near.
But looking out over the entire south.
the heart OF the patriot is made glad, no
matter where his home may be; for the
condition of thincs at the close Of the war
made 1t doubtful whether the south was
not TO be a subjugatcd province under The
modest name Ui process called recon
struciion."
This effort falling through the courage Of
Andrew Johnson, there followed more
debasing schcmc an attempt 10 dominate
the country by q mOtcly crew, who plum
dcrcd States, counties and cities in the
name and under the guisc OF being Repub.
leans
by happy combination Of circum-
stances, this plundcring vas finally check
cd. But the question presented itself to
every thinking man: Can people cN-
hausled, reduced To extreme poverty and
with ycxing questions Ol mcc problems TO
settle, recover in any reasonable time?
And TO give point and force 90 4 negative
answer, II was greatly feared that capital
could not be- had TO develop the south. and
II il could, the southern men could not be
induced TO. turn into new pursuits. For
100 years the south had adhered to ngri-
culture and refused TO divide In the pur.
suits OF life.
But the changed condition walked mp all
the brain In the country capable OF new
thoughts and new life. aud the rcsuA !,
most gratifying gratifying beyond the
most sanguinc hopes. The New York Su
says: "Down la the south there il whirl.
wind Of new industries aud potent specu.
lation. No revival, no restoration Of com.
mcrcal strength and prosperity. but the
birth spontaneous and tremendous Of q
new people. No longer the sluggish cult.
walton Of the earth, the hand-to.mouth ac.
quirement Of LIES sustcnancc by the
many, aud selfish aillncncc OF the few; but
new and tumultuous life, irresistible,
scli-multiplying, Overwhelming. Alabama
X like q vast Leadyilc Of activity and cx-
element, only her foundations are more
enduring than the richest mines of gold
and silver. Tennessee has caught the in
icciior; Georgia, too, and even sleepy
/ Louisiana has awakened 10 strange cncr.
gies and new and healthy vitality"
This IA high compliment, coming from
| New York.
The Baltimore Manufacturers Rcrorl
shows in detail what was done In the year
1887 In the way Of investing goncy in the
south In manufacturing. II shows the
increase from year 10 year.
In 1886. for instance, the companies or.
/ mnizcd ior business showed q capital OF
sl29, 22GOO0. but in 1857 tha amount was
$50, Dos 900.
Nashville, Knoxville, Chattanooga and
Memphis are all coming TO be great man
| uiacturing centcrS.
The growth In tho output Of coal and
| iron is q marvel. The new towns In Ala
bama that are growing into cities are at
tractingunivcrsal attention. The product,
Of our new industries are making their i'm
press on the markets everywhere, ant
really Memphis IL only one Of the many
evidences that We have a new south.