Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1889-12-20

Showing Hs RaPi lluease
ID Products
prrnfoRE December Is Mr.. r Il,
r,.,s5- the edior ci The Hnufretur's
contrilu'os 90 this weeks issue OF
ola. Journal. uuder ,le title Of The
..,r.. Redemption From Poverty to
p-,r.-.y" ihe NEST elaborate review
,-rrh,-bsd of tle in31stral history
..s. S.at-. the occasion ior it being the
.,, .. o. sp.cel edition. a copy Of
, r be- sent 20 sve-y banking
.tas Uai.d States TO show what
r..-.t accomplished and what ars
.e.s OJ-airg his rsyisS with the
...a.a. ,.s. OF Hon. Wan. b. Kelley that
.rs sa.bis The coming r. Dorado Ct
t-....s1 adyeniurs.n Mt Eimonds brief
I,-.a-. iO the c1rhnauon ui advantages
ssd by the South in climate, soil,
rrsal and timber wealth, io river,
.-sa aad smsl, in an abuodant rti1iau,
.'d says With ths rapid progress now
0-.ng made in the dsve' 0pIeltol All thee
resources. the South is entering upon s. pc
nod Cd prosperity gre tter than aoy pGrl of
this country has ever set enjoyed. Tue
conditions for this are iar more favorable
than 10 the Wes, during the perioi oi the
most rapid groEth of toat region, aud tins
prosperity being tree from fictitious Ida-
ton Will be permmeGt
GROWTH OF TIE SOUTH
Blessed with such marvellous tdvaniages
what has the South accomplished is
.ue.ti1n which the world has right TO
ask DO is needless to enter into any dis
question of the reason why the South did
not undergo industrial develop prior
90 the wsr Her people preferred TO give
their attention Co agriculture. Bat It may
be well 10 call attention to the face that
when the census of l-6O was taken the
south ranked very high IN wealth as CON
pared with the rest OF the country, shO sing
that she was no. slothinl in the business OF
money-making
The losses entailsd upon the South By
the war are estimated at over S5,OtO,OOO
900 or double tie total amount Of capital
invested in manufactures Ia the Juited
states n l9-O. At the close of the most
disastrous war in tbe worlds history, the
south was no "a most deplOra6le condition.
I,. business interests hsd been destroyed;
.8r four wears Il bad beer drained Of every
thing that could help % maintain It's
srmiss it had been the battle ground OF
millions oi meu. it, cities and It's toTns
were Ia many places m Tuiusi i.s hslcs de-
gastated and i.s fences destroy ed black
ened chimuevs marked the site where
thou-ands OF dne dwellings had stood its
foremost men bad been killed BY the tens
of thousands. and 40 gloomy was the out
look when the war ended that hundTeds
of thousands 90 the young and vigorous
men and boys thst were growing up LETT
during the next few years Tor the West
and Southwest. and ior the North.
BUN CT THE WAR.
10 1850 the assessed value Of property in
Georgia was greater than the combined
wealth of Maine, New Hampshire, Vermont
and Rhode Island. South Carolina was
SOS 900 600 richer than R1cde Island and
New Jersey Mississippi. ouiraDked Con
necticut BY Sl60 600 600. 10 the assessed
value cf property PR capita, Connecticut
stood FIRST in rank, Rhode Island, second
south Carolina. third Mississippi, ilurth;
Massachusetts. nth, Louisiana, sixth
Georgia. seventh District of Columbis,
eighth. Florida. ninth; Kentucky, tenth;
Alabama. eleventh, Texas, twelfth; New
Jersey. thirteenth; Maryland, fourteenth;
Arkansas. fifteenth, Virginia, sixteenth,
and OHIO. seventeenth. New " ok
aud Peuusy lvania were also far behind the
south in the amount OF wealth no proPor
ton % population, the former safe rank
ing tweutY-secoud. aad tbalstter tblrueth.
Bg 1870 there was a startling change. The
asssssed value ci property 10 New York
aud pennsy vanis alone was greater than
the 81 hole South, Massachusetts, had Just
one-half as much wealth AS the fourteen
Southern States combined. South Caro-
lima which ia $50 bad been third 10 rank
in wealth 10 proportion TO the number OF
her inhahitants had dropped to be the
thirtieth. Georgia, tcom the seventh to the
thirty-ninth, Mississippi, from the fourth
placs 10 the thirty-fourth, Alabama, from
the elevanty 90 The i1rty-fourth; Kentucky,
from tenth 20 twenty-eighth, and the other
Southern States had gone down 10 the
came way. while the Northern aud West
arn States had steadily increased IN wealth.
In 1860 ths assessed value Of property IN
south Carolina. according 10 the census,
was $3.50 COO O0O. while the combined
values no Rhode Islard and New Jersey ag
gregated Si2l 00O. 600 or s. O0OiOOJ less
than south Caroiuas Tn 1879 the COM
bined values ia Rhode Island and New
Jersey amounted 20 $500 OO0. 600 and the
value in south Carolina was Sl-3 900, COO
inns. while South Carolina had tbS, uuO,-
a HHH IA
these two States 10 had m 1870 $3.50 uuO.-
900 less than they had. In 1850 the ioia.
assessed value of property 10 the Onlle0
States was Sl2 OOO. 600 900. and OF this
the south had $500 000, 600, or Al per
cent I'm 1-70 the total for the country
was Stf 40. OO0. 600. and Of this the South
had only S3.O64 600 600, or 81 per cent
REeArN1NG HER POSITION.
Inlss0 the south bad commenced to
regain its position of l-6o and its progress
during the last nine yelrs has beer the
wonder of the age. Since lso5 over
$500. .OO0 600 have been drawn to the
South 20 pay f'r cotton, and the value Of
cotton exported 90 Europe during that
period has been $500 600 600. Hereto
fore the hulk of monev received for cotton
has gone North aud West 60 pay for home
and farm supplies, but now the
south is raising iis own corn and
bacon. and largely produces the
Manufactured goods required for home
c5nsumption. Ia this change there Is d
revolution IL the currents Of business.
Added 20 the one or two hundred millions
of dollars of cotton money thst have for %
years annually gone North, but which viii
now remain IN the South, will be an equal
or possibly greater amount brought 20
the south 10 pay for the iron. the lumber
and the cotton goods that are now being
shipped North. the mineral and timber
lands. The $50 000 O0l or more that is DOW
paid .or early vegetables and fruits and
tae yrs.t aggregate, reaching probably al
rssdy t25. W0.0 600 spsn, by winter visitors
who come South 90 euioy It's climate.
The agricultural advancement has been I.
1'nost al marked as the Industrial 10 .
l-,0 the value of the South's agricultural .
ptoduc,s was S5-l ,OOO coo; 10 1ssS it WAS .
s0.NOO0 and 10 1859 10 viii be about .
t' H.N NII fn r%-Q fha Smith nr0duc- .