The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1888-08-16
Figures Don't Lie.
The Solid. Financial
Basis of Decatur
Shown Up.
T 0 Of the Biggest Deals
Ever made ir the
South.
A Blaze Of Energy and Ac-
tivity Pressages An
other Southern
Boom.
Scores Of Manufactur inc Enterpris
es Reported and Capital on
aRampa9e.
The World Has Willed that the Sout
Shall Lead the World in
Manufacturing.
Scores Of Manufacturer Enterpris-
es reported and Capital on
a Rampage.
The World Has Willed that the South
Shall Lead the World in
Manufacturing.

OF the Manufacturers Record,
makes q wonderful showing. There
are no fictitious values appearing in
the debt columns, all tho real estate
being valued at exact cost; and yet
the assets foot up $l,5l9, $685..
The real estate unsold cost $780,
045, Is and it is thus counted, but
it's estimated value is $50, 745, ga 5.42.
Upon this basis the assets of the
Company would reach the .enor-
nous sum of 81, 675, 1909. Against
this stands liabilities estimated up
to next January, amounting to
$26I,7l9.99. If the company real
ICES, upon the estimated basis of
values its assets would ex-
Gee 4 Its liabilities $4,412,449.6O.
On the other hand, if its affairs
we're wound up at actual cost it
wo nld have a balance in bank of
ST., 256, S4S.3O.
Dit thus appears that the compa-
ny is rich in either event.
The Company has sold $953,85
Voc tn of real estate and it has in
We sted in improvement about
ha II million. It:has in notes now
fal ling due $463, S3l.SI.
The policy Of the: company has
be en- to spend al the money paid in
by investors in making q city, and
the large blocks of houses, the
large number of residences and cot
t:,ges, the railroads and street Car
Ii nes, the dozens of manufacturing
concerns, the miles of beautiful,
well-built streets, the magnificent
ater-works system, and the
hundreds of minor improvements
made by the company, stand to-
day a monument to the genius that
directs its affairs and substantial
evidence that it has kept faith with
it's patrons.
| All idea of q back down or a
breaking up Of the Company is dis
sipated by these figures. The Com
lpany is amply able to carry out the
magnificent scheme inaugurated by
Maj. Gordon at the beginning
a thousand times ADLER now than it
was then, and the ultimate result
is thousand times more certain be-
cause of its increased ability to car.
ry it out and because of the i'm
mense distance already gone to-
| wards that result-the building of q
: large city.
: The Manufacturers Record in its
, leading editorial last week summa-
, rizes the evidences of 1eawakened
. activity all along the southern line
The CITIZEN does not have to &c
3 over so miles to find colossal evil
8 dence of it to lay before it's readers
to convince them that this is all moi
merely chimerical speculation and
, big talk.
A boom struck Sheffield last weeh
e like a tornado. The Sheffield
r Land Co. has sold out lock, stock
e and barrel to a northern syndicate
for 81, 100000 with guarantee thai
: another million is to be invested 8,
once in improvements. 1t brings
. nearly three millions dollars there
e in one wad.
= Another eastern company with
= six millions capital is negotiating
3 for the purchase and consolidation
f of the four big Eastern Kentucky
coal companies.
These are two Of the biggest
deals ever made in the south anG
they are the first big guns of tn.
approaching boom.
= The Record takes the same view
of the situation several times itera
: ted by TIE CITIZEN. The let-up il
activity was only breathing spell
{ tor capital. Nearly all the availa
BILE capital was absorbed in various
/. investments and it must perforce
stop until some returns were real
' lied. The opinion is universal that
the re.awakening Is on q larger
scale than ever, because the field is
wider and the resources, multi
piled, will occnr this fall. The Re.
, cord seys it is upon us now.
II At Decatur there are visible
signs of increased activity. The
,, Horse Shoe Nail Co. will at. once
,, begin work on their factory. A St.
Louis company will begin in 30 days
on gas works. A New York COM
pany is contemplating erecting a
trunk factory. A big distillery at
! Des Moines, Iowa, is under negotia,
, ton to move to Decatur. There is
noticeable air Of making ready
for work as soon as the heated term
breaks.
There never was such a crop in
: the south and it is made at least rs
per cent more valuable because OF
: the increaed home demand
for it. Our people do not have to
give half their stuff to the railroads
to get them to haul the other hall
to market. Markets are sppea' ing
right at our peoples doors. The
. mouths to consume their prod nc,
are multiplying every day. All
thiogs are working together for the
8 same great end-the development
g of the south and the enrich ment oil
: our people.
When men take EMOTIONS" others
fall into the notion, and it grove
' and grows until there is q univer
sal rush to accomplish their pur-
lpose. 1t is the consensers of opin
3 ion that leaGs the way to a con-
centration Of purpose and s. center
: ing of effort and energy. The eyei
OF the world are now turned south
their feet are bent in this direction
Il and the crowd falls in as they come
a until it amounts to a rush. W.
have always had oar resources bat