The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1889-08-24
RORE,GN CAPITAL.

RORE,GN CAPITAL.
It's Tendency Is OBSERVATION-DISCLOSURES
Railroad on the Tapis.
shreveport Times.l
A late number Of the Memphis APP
peal contains very interesting article
on the fact that foreign capital is tend
ing Southwark continually. This, IL
is asserted, is because of the growing
demand for money here among those
who are investing largely in manu-
featuring, railway and various other
public enterprises:
MIR. A, S. Caldwell, of the money
brokerage firm Of Francis Smith, Cdld-
we'll & Co., says on this top'e:
uThere is a decided increase, .and
the tendency is South. This isNproven
by 80 many men coming here IT, Invest
aud loan money. The money We
haudle is ali foreign. We have been
doing business in Memphis since jan
uary /, 1856. and in the South since
October. 1881, and at no time since We
came here has the demand for foreign
money been so great, aud ii is 'ncieas
| ing, Two years ago it WAS very dif1-
cult to interest foreign capi,as in the
| -
Any good enterprise in the South Will
meet with encouragement now, and
all the money needed to carry 1t to
success will be forthcoming. l am
glad to be, able to say that all kinds OF
enterprises are on the increase in the
South, the most decided increase being
in railroad building. There will be
lseyeral new roads built in louisiana
right away in which l am interested
by having large landed interest through
which they will pass.'
MIR. w. A. Schiliing, of tie South
ern Trust company, say:
GWhat do 1 know about the demand
for foreign money in the Sou Ii 20
asked Mr.. Scbiiling in reply t. tho
, question put 10 HIM by The scribe,
uwell, 1 know Is great deal. l know
there is n decided increase now over
what it WIS When we came hera III
Marc.: Last. One thing fiod here that
speaks wei! for the Southern planters,
aud that is lands here are !retr rom
, mortgage than they are up North
where I came from. The cotton
planter seens 10 have horror lar ~
mortgage company, whose business ii
L is to loan rno1cy.on land, but he w,ll
mortgage his crop to The cotton iner-
: chant for supplies, etc. A"y lau1ahie
enterprise from the North Will do well
in the South, and the fact tiat so many
are coming here from the North and
, East to invest their capital is pretty
good evidence that the tide Of progress
is Southwark"
NJ. George W. knoX, Of me Jarvis
: ConElin Mortgage and Trus! company,
makes similar statements and particu-
i larly eXtolled the mineral wealth 0
y the South.
Branching IF into railroad topics, ne
,, said:
e "rhere is nothing that helps c1uu.
= try like RAILROADS. They begin To
g bring money ia from the time The
surveyors enter the field and they
: never stop. II is a perpetual source of
= distributing dollars, aud is one of the
- many enterprises that :s affecting
&c capital to the Slu's'.''
He believed that rail. shout,
70 be built for business aud not fo- con
10 Meeting points. Speaking of the needs
}, of Memphis 10 this respect he made
~ this significant statement:
~ Another section that is sadly over
:, looked and seriously neglected by
~ Memphis is Southeastern Arkansas
- A line of road from Memphis in
)" southwesteriy direction 10 Shreveport
:" La, W outd be another fide feeder. l
'e would pass on an air line through tn
&c splendid towns of DsWitt, Star City
Warren, and + Dorado, Ark, ant
Homer, La, and would pass througi
a fine section of country WHOSE business
now goes to ST. Louis over the Goul,
~ systems of roads. I sugg sgt that ,
. company be organized of Mem nhi
~ men of means, with Dissemination
. to build the road, and il they have no
- the means at hand 10 put the eute'
"a prise Though, they can get it. Tier
"a is plenty of 10 ouey lying idle waitin
y for calls, and such enterprises as thes
- / have suggested need not call i
vain.
e. You should Know Ii.
r. - ytrip no NOiSGn n