The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-21
SOUTHERN rRoGREss.
Greater Prosperity rbau Ever nefore
known Ia America.
Q naliImofc Mannlactufcn' RooorL

FROM the baltimore Manufacturer hecurd
Tho Hon. Henry d. Pierce, Secretary OF |
the State Of Massachusetts,, who recently |
made large Investments In the South, IN a
private letter 10 the editor Of the Manu-
jaciuci Record. says
can add little 10 what has boon 20 we'll
said, aud ~ many times said, OF late, by
Northern men who have been South, as 10
the resources and advantages Of that Won
durful section which includes Northern
Alabama. am thoroughly convinced that
il Il 10 be the great iron ccniorol the world,
and that the people will marvel at tho
growth which will DO brought about dur
ing the next twenty-five yoars. The south
will receive the greatest direct benefit, be-
cause a revolution socially, politically, IN
dusirously, and In an educational way
which Il will undergo In this process. a
revolution ~ gradual aud yet M iraughi
with immediate blessing that Il will be ac-
| complishcd without friction. ] predict lot
the New south nm era Of prosperity which
| shall eclipse any which has ever been
| achieved In any other section Of our great
country ~ remarkable ior ils successes In
that line
These statements are worthy OF thought.
fol study. Tho Manufacturer Rco1ri ~
constantly presenting 90 tho public the
possibilities OF the South aud the vicws OF
careful. conservative men Of other sections,
that H. readers may see Cor themselves the
certainty OF the enormous development OF
the Souih's resources and act accordingly
Tho business men Of America aud Europe
are daily studying the fluctuations aud tho
movements OF the worlds trade, that they
may know how 20 plan Tor the iuturc, and
hence the importance 10 them Of the inipr.
nation which the Manufacturers Recoru
presents from week 10 week ~ 10 ths
South aud lbs progress.
Mt. Pierce, In his letter Just quoted, bu
voices the nov rapidly growing belief o
, thousands Of Northern capitalists. New
, England was slow to turn iis attention
/, Southwark The West had for years ab
. sorhcd is surplus cncrgy and capital, bu
d, | recently there has come n change. New
I, England capitalists have boon gradual,
> looking 90 the South, aud last fall a larg
!, number ui them became interested u
:, Fort Payne, Ala. They went down, an
after a careful investigation were 40 thol
oughly convinced OF tie wonderful iuiuf
Of Alabama, that when the Subscripuo
books % the capital stock Of the fol
Payne Company were opened Ia Boston
b, the entire amount OF Si,OOO,OOO was take
IN AK weeks, aud si0O,OOO MOI
IA offered the day the books we're close,
a. There were 900 subscribers 20 this stool
= The enthusiasm which was arouse
" Throughout, New England II destined
x prove u incalculable value 70 the who
In Soulh. Tho organization Of that compar
es means the turning southwark OF milliol
,ai aud millions Of money from oil New I'm
40 land. This company and lie work shou
~ be hailed by the South NJ ono OF tho me
YIN Important moves ever made for southe
mo development Gov. Goodcll, OF Nc
Of Hampshire, In an interview this we
W. With correspondent oi the hanVao''