The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1889-07-11
Progress of the South.

The Irddesmdn, of Chattanooga, July
1, published statement showing the in
dustrial situation in the South as exhib-
tied by the number of new industries es-
tablished during the last three months.
1t shows that during the past quarter
1921 new Industries have been estab-
lished against $50 in the previous quar-
te:. There were Iii new enterprises
begun during the first six months OF
1899, against 300 for the corresponding
period of the previous year, showing that
the South is going ahead at a more rapid
rate than ever before.
What is more significant, says the
1TadeSmdp, is the fact that the charac-
ter of the Industries is of more sub
stantial nature, and is on much bet
ter basis than in previous years. The
speculative fever has been in a large
measure repressed, and industries are
now being established more in conse-
quence of actual resources and legiti-
mate enterprise than before.
The most noticeable feature of the past
three months has been the organization
of 81 new cotton and wooden mills,
against 35 in the previous quarter Geor-
gia leads with ten new mills, North
Carolina following with eight. Fiji
ty-two foundries and machine shops
were organized, a gain of seven over
the previous quarter. Alabama leads
in this particular industry, with nine
new works, Tennessee, Kentucky and
Georgia following with seven EACH
Eighty two mining and quarrying com
panies were organized, of which seven
teen were in Kentucky, against 81 in the
previous quarter. The number of rail
road companies organizined shows a
gain of almost one hundred per cent,
the number for the past quarter being
1870, against IS during the previous quar-
ter. Texas and Alabama lead in this re-
spect with % and 20 respectively. Two
hundred and seven woodworking es-
adjustments were organized against 1870
in the previous quarter. Other indus
tries established in the last three months
were blast furnaces, So oil mills, &c in
South Carolina,) II potteries and roll
ing mills
What does all this industrial progress
signify? 1t means that capital has con-
fdence in the political conditions that
exists-that business men feel sure there
is no danger of any radical change in
the economic laws and legislation of the
%n; 1,o
dertaken and established without APP
prehension that the present basis of OPP
erations will be changed. When it is re-
membered that the whole industrial
fabric of the Nation is adjusted to the
legislation enacted since 1861-that the
wealth accumulated is the result of le-
ultimate business endeavOr, inspired by
the tariff policy of the government, and
that feeling assured that under Repub-
lican administration there will be no
ready to venture into new enterprises
and embark in enlarged operations.
The evidence of this exists in our sec
ton and locality. Before the result of
the Presidential election and for years
previous to that, we scarcely ever heard
of capitalists coming among us to exam
inc into our mineral resources with a
view to investment. Now, there is
scarcely week that persons from dis
tance are not seen, who are looking at
the mineral properties in the Valley and
shaping their business to use their ener
gies and means for their development.
1t is confidence in the policy and the ad
ministration of the Republican party as
they affect the material interests of the
country that is imparting courage to
expert knowledge and money and in
ducing them to come to this region for
employment and profit. 1t is in no parti-
IAN sense that we make this statement,
1t is one in which all our people are in
terested-it is a practical fact, which we
can see and understand, and it is but
fair and honest to make it prominent.