The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-05
BRIGHT DAYS DAWNlNG.
MORE ABOUT THE PARTY OF oAPl-
TALIsTs COMING SOUTH.
How One Of New York's Shrewdest
Financiers Regards This Part OF tho
Country, and Memphis Particularly
Prepare TO Receive Thorn

TuE APPEAL OF Sunday contained an ar.
ticlc copied from the New York Star, an
nouncing that Mr. FIX. Norton, President
OF the great Louisville 4 Nashville Rail.
road system, would leave New York yes
torlay with party Of capitalists for vari-
Gus points in the South reached by that
system. The same paper on the ID instant
contained the following, which is lull of
absorbing interest 10 Memphis and the
entire South.
"Thorc are two sides TO the development
OF the South" said we'll known man
yesterday. "Thc industrial side OF the
situation has received tito largest share Of
attention hccause of It's novelty. But the
agricultural element n one which must be
considered for il insurcs the commercial
future oi the South. Silr hy side with
the mineral possibilities OF Alabama. Ten
nesscc and Georgia. lies the Mississippi
Valley the richest agricultural region In
the world. The possibilities It holds out
are enormous. liy the inl DEVELOPMENT
OF b. resources the South, aud through il
the country nt large can control one ui
the mos. important elements in the com.
mcrcc Ut the world. What Is called the
Delta country ui Mississippi produces. say.
100000 bales of cotton. II could Jus, MS
easily produce A,upO,OlD bales"
The speaker was one oi the most sue
cCssiul hnancivrs iu New York lie Ina A
peculiar aud intimate knowledge 1T tho
industrial aud commercial situation Of tho
South
- patrrnll government. hoconnnucd.
lin the fall -cu-r II the term. might wi. Il
advantage Systematically develop the
country speak oL Wcmust trust Ia the
slower process oi immigration and rcali.
Eaiion by people Of the opportunity 1t pre-.
sen's. lhvy are beginning tu grasp h.
fc q - thu growth of thr mining aud
ma Dlciufng district has prevented a
more rapid iuiluN ir the agricultural r.
pions. lui They, too, ARE progressing. The
railroad, ate breaking down the old dr.
lcndcncr un water transportation. Not
long since cultivation was confined 10 the
Mississippi Rivers banks or 10 land.
which could hc reached hy the many
bayous communicating with the main
ttram. When the Louisville. New Or.
lcansN Texas Railroad was built Il uprard
mp the country back 1T the river That IL
now filling up rapidly Tho railroad COM
pany h selling o. land grant a. actual set
tiers. Ia 1887 10 sold about 1000 acres
In that way at au average price - per
acre, aud ia 1855 about 5000 acrcs nj an
average Of 81 per acre. The advance in
price without any large falling off Ut tho
talcs tells the story. Moreover though
the payments arr made On easy install.
menis over term Of yclrs. the purchasers
arr paying up Tor their lands
THEM Is another iraiurr 10 d. noted i'm
connection with this line ol railroad. Il
illustrates The fact that r,cn create com.
mcrcc, and then railroad comes along
and beasts the uycras traffic carrier. The
Louisville. New Orleans 4 Texas Road
carried last year fully onc-tuclhh uf tho
entire cotton crop Of the country. Il car
ricd morn cotton than the Mississippi
River itself. iur u carried iu 1883 al lrtst
oglOO0 bales. Tho line extends FROM
Memphis 81 New Orleans, aud the bui.
mess At all points ON 10 has gained prupor.
uOnatcy.
''llioc ! leave the subjrc, Of this rail.
road ] want tu make one observation II
has, lot iis length, probably the lowest
grades in this country. It's practically "A
dead level On u was performed the
wonderful feat of hauling 100 loaded cnrs
With one locomotive. Tho uus.IbIity oi
this was denied hy sHmc authorities. but /
am assured 10y The ufhcgH col thu COMPANY
that u b strictly tue. u bias % prrai .I.
vantage in this fact which accounts ior hi.