The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-26
BUSINESS In THE SOUTH.
SPECIAL REPORTS FROM LEADING
BANKERS ON THE SUBJECT.
While There Is a Complaint of Dizziness
at the North, in the South Activity
Was Never Equaled-Hopeful Enthu-
siasm.

BALTIMORE Nd, April 25.-The Mana.
JdcturerS' Record, in this weeks issue, will
publish special reports from leading bank.
ers all over the South us TO the condition
of business in their vicinity. stating that
the views OF bankers were secured because
they are the best possible authority on the
financial condition OF business in their Sec
ton. The Record says In the North there
is complaint OF dullncss. In the South
activity never before equaled is seen in
every line OF industry. The people are
not only hopeful. but enthusiastic. The
steady progress Of late years has brought
about season OF prosperity, which has
Infused new life INTO everybody, and the
whole South is alive and at work. Drones
are at discount; energy and enterprise
ceaseless. Treless vim and push are now
the controlling factors in the South. The
report OF bankers scattered from Virginia
TO Texas, without exception, tell OF great
improvement in business, OF activity in
trade and manufactures and OF the en-
thusiasm which peryades all classes of
citizens, farmers aud business men alike.
This is probably the most uniformly favor
| able summary Of the condition OF business
in an area as great ms the South that could
ever have been made. This prosperity re-
suits from these facts:
In the South during tho last two years
upward OF 10000 new industrial es,ab-
lishments, covering every line OF manu-
featuring and mining from making pins TO
building locomotives, and the building OF
nearly 5000 miles OF railroad aud the nro-
| duction OF the largest crops ever raised in
! this section, which yielded fairly good
| profits TO the farmers, have been reported.
| During these two years the South raised
over l4,0J0, 000bales OF cotton, over l.000,-
| 900, 900 bushels Of corn, nearly 100 coo, 900
| bushels Of wheat and lG00000 600 bushels
of oats, the total value OF these and other
agricultural produces reaching the aggre-
gate OF upward OF Sl,60o,0OO,0 900. or an
average OF $500, 900, 900 a year.
The character OF the reports from the
bankers is shown IN the following from n
few OF them:
The First National Bank Of Florence.
Ala, reports: Business on sound
financial basis and activity unprecedented
In this section, with money easy; thirty or
forty new factories located here in the last
| few months.
First National Bank, Athens, Tenn,
says that section was "nevcr before halt 80
prosperous nor outlook half so flatter-
I'M"
Planters Bank, Danville, Va, reports;
Prospects more promising than ever be.
fore"
First National Bank. Fort Worth. Tex.
says AN era OF unprecedented pros
periiy," and adds that the farmers are
jubilant over crop prospects.
First National Bank, Salisbury, n. G..
speaking Tor all that section, says, "bettei
outlook than for twenty years and peopl,
united and enthusiastic"
First National Bank. Rome, Ga. "bus
mess very active and increasing. and PEG
pie full Of hope snl enthusiasm"
Warren Deposit Bank, Glasgow, Ky.
"a new era OF prosperity"
First National Bank, Nickshurg, Miss.
going ahead with marked rapidly"
First National Bank, South Pt,sburg
Tenn, satisfactory to the most sauguine.