The Ouachita telegraph. [volume] (Monroe, La.) 1865-1889, 1889-03-30
SOUTHERN DEVELOPMENT.
4 Week ocGreat Activity in Industrial
Matters.

Manufacturers Kecord.l
The past week has been one Of the
most notable ones ever known ia the
industrial history of the South. The
visit Of Msssrs. Cooper, Hewitt and
otter leading capitaItsts to the indus
trial centres OF the South, and their
establishment, which they have freely
oppressed, at the marvellous resources
and the progress already made, will
result in drawing many millions OF
Added to this Mr.. Andrew Carnegie,
In this issue uf the Manufactulers'
Record, bears his testimony to the vast
possibilities Of the South, and to his
surprise at what he saw during his late
trip. The week, too, has been prolific
OF great enterprises that will add TO
The prosperity Of the whole South.
Special reports to the Manufacturers
Record show that New Euglsnd CAPT.
talists, who now owu the two cole
brated furnaces ut Shelby, Ala, where
iron was lnsde for Confederate xuE-
boats during the war, aud over $4,000
acres OF mineral laud adjoining, have
detsrmined 10 build up great indus.
trial town. This will cau>s another
heavy movement of New Euxland cap.
tsal to help develop the South. A
81, 900 900 company has been organized
10 Virginia to build furnaces and coke
ovens sixteen mites from Birmingham;
work 10 TO be commenced at once on .
new faruace at Gate City, Ala, and
t3O0, 900 10 to be spent on II and other
tmprovements. A $500 900 company
has purchased aud will develop 20, 900
acres Of coal land near besseMer
$l25. 900 will be spent by another coal
company on extensions Of plant. Ia
Kentucky there Is unusual stir and
activity over the great supply Of
natural gas that has been developed,
and the whole State Is alive with new
enterprises, new railroads, etc. Ex-
Gov. AlGer, of Michigan, has invested
over tlOO, 600 in Tennessee mineral and
timber lands which will be developed
on 4 large scale; . 81, 500, 600 company
and $4,000, 900 company have been
organized In Texas 10 open up great
iron properties in that State and oper-
ate them on an extensive scale; 4
$500, 900 company has been organ,zsd
10 build two furnaces at RadfOrd, Va;
81, ,0OO, 900 company to build furnaces
~ 10uouS ASta; cA,hoV,VoV COOp"Oy
at Winchester to work manganese and
iron mines; a 100000 company at
Richmond TO build large fertilizer
works. Of cotton mills, wood working
establishments Of all kinds, cotton oil
mills, brick works, electric light and
power plauts, and = wide range Of
diversified Industries, the number as
reported in this issue OF tho Manu-
iacturers' Record is unusually large.
The whole South IL sharing in this un-
precedented activity, and day after day
adds TO the long list Of new enterprises
that are rapidly bringing wealth to
this favored land. Moreover, the Man
ufacturers' Record knows Of great
enterprises which leading Northern
and European capitalists are arranging
(but the particulars Of which cannot be
made public yeti for tho investment Of
many millions vf dollars in the sxten-
sive development Of enormous tracts OF
mineral and timber properties. Pro-
gtess 10 the wa.chword, and the South
10 pressing forward with u vigor scarce
! ~ dreamed OF in the past.
GOOO CITIZENS GOOD FORTUNE.