The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-02
MEMPHIS DAILY APPEAL.
WEDNESDAY. ), JANUARY 2. 1890
TENNESSEE IN 1889.

The State enters upon the New Year
fully and well equipped Tor business aud
In the reasonable hope OF 4 prosperity that
shall surpass anything in her history All
her ccn,cr OF trade are in healthy finan-
cial condition and all are nourishing.
Memphis, her first and chief commercial
city, is in the general run Of business far
in advance Of what she was on the LIST of
January. 1855. The solidi,y OF her banks
is proverbial and their management such
rs TO Justify the enconuns Of bankers in
New York, who marvel ut the facility with
which they handlea business stillpeatly in
excess Of their capital. The second grocery
market In the United States aud the first
cotton market, Mcmphis aspres to Do
the commercial center OF the lower valley
Of the Mississippi The rapid growth Of
the country contributing 10 her markets
and the rapid increase OF railroad iacili-
ties assures her this position aud makes
certain the realization oi tile dreams and
predictions OF her FOUNDER. Nashville,
the capital Of the State, has become a
great manufacturing center, whose growth
in retinelponi and educational facilities
keeps pace with her advancement in ma.
terial things Noted Tor her colleges aud
her homes she has become no less 80
for her facilities In manufactures OF al
most every conceivable character relying
In every instance on her own capital, OF
which she always keeps q heavy reserve
ready for emergencies and lor investment
in other parts Of the State. In this respect
sle Is FAR In advance of Memphis, whose
growth has always been greater than her
own capital would sustain or encourage.
Cha,,anocva, the next city in importance,
is a marvel Of growth nni prosperity.
Last year her receipts aud disbursements
amounted TO S50,Oo00oO. which, rating
her population AT $1,000, is a, the rate Of
$1,000 for every man, woman and child
within her limits and immediate suburbs.
As The Chnihmosgl Times claims,
Il is doubtful Il any other city
Of equal population Ia the Union
can equal this exhibit OF bu,inrss.
She Is the most important iron manu-.
featuring center In thc South, aud In the
n midst 81 iron aud coal aud siimied N IL.
>,ombly Cor distribution by uilrond md
q the Tennessee vcr, must continue togrow,
'--as-l-,srf marvellous riml'y Knoxville,
the fourth city Of the State, has also q
great future before her. She. too. Is build.
Ing mp mnnuiacloiics rapidly. and In coal
and iron and other miucpls l. d,s.
tined 10 become one Of the great cities II
the continent. Tier railroad facilities are
unsurpassed. and she also has the ad,aat
age Tennessee River, which, when the
improvements q, the Muscle Shoals are
completed. will be safely nayisabIe
The whole way 10 iis confluence with tlic
Ohio. ClarksVille, the leading tobacco
market 81 The State. snd on. 81 ,l,e ,,s-, Ia
the Union, Is perhaps morc prosperous.
her population ccp-.lcrcl ,han amy olhpi
city In the Sorth, aud Columbia. the ccu.
ter Of the richest agricultural district OF
the State, IL close upon her hcols BESIDES
these oil the lapscr towns OF the State arr
improving. jackson, nov len immediate
communication With Memphis, by the
Midland Railroad IL one Of thcs1 and b
improving mpidly IN manufactures.
especially Of articles into which anc
timber largely enters Our farmers.
too, have been unusually ufosprrou.
and the outlook for them !. brighter ,han
they have seen since ls5j. They havr
their Wheel. aud uhcu Alliances. aud
through them afc making rapid strides
towards ,hc hnancml Independence
without which prosperity h Impossible 10
men ~ communities. IN every field OF
labor Tennessee Is prosperous, aud In
every one OF them ihcr siill awaits great
riches ior her industrious. thrifty, scii.fr.
speeding and law.abidlng people. That
the nsv year. 1859. will develop this ihcre
can be no doubt. and there eau be ~ little
that Il Is everywhere In the United States
TO be year Of unprecedented prosperity.
zltar-aza---.