New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-02
SEEKING NORTHERN CAPITAL.
RAPID DEVELOPMENT OF AN ALABAMA
TOWN
SUCCESSFUL EFFORTS 10 ATTRACT INVESTOR
COTTON, IRON AND FURNITURE MANU-
FACTORIES GOING UP

SUCCESSFUL EFFORTS 10 ATTRACT INVESTORS
COTTON, IRON AND FURNITURE MANU-
FACTORIES GOING UP.
party Of five men passed through New-York
recently on their way TO New gland, to explain
to capitalists and manufacturers there the natural
advantages OF Northern Alsbsms, and especially OF
Florence, as a heEi OF investment. They were Gen.
eral James A. Walker, ex-Lieutenant-Go Governor OF
Virginia, and Maipr j. c. Greenwood, Of wytheyIIle.
Va; Judges Will }m A. Hudson. william II. Boiling
and s. J. Graham Of Florence, Ala They spent
ersl days in Philadelphia and . result 1900 900
cotton mill will be built in FLORENCE by J. =. Jones
with Philadelphia capital. The party will visit Hart
ford, Fall River New-Bedford and Boston and q num-
Der OF other New-England cities.
Judge Hudson In speaking Of the objects Of their
visit, said: We working to build up the indus.
tries Of Northern Alabama and the South generally.
We aro rich In the gifts OF nature but lacking the
capital and experience to erect factories. We arc
seeking them In the North Tho iron markets of
the South control the trade at Pittsburg, and the
lower grades OF cotton goods made In
Alabama arc sold in Lowell IN COM
petition with tho goods made there Labor
is from thirty to fifty per cheaper In Florence
than In Lowell yet the cost Of living is much less
that the mechanic can do better In the end on the
smaller wages To capitalists who will establish
factories in Florence We offer Q ten-years' exemption
from loc taxation ample building Sites and, besides,
loan thom money or take part of their stock All
these advantages mako It possible for wellmanaged
cotton or iron mill to yield annual dividend Of
nom 10 to % per cent. Another branch Of industry
thai Will yield largo profits Is the making Of furniture
and other wooden articles. Why, At homo l sleep
In a bed tho wood ofiwhich was cut In Alabama.
shipped Grand Rapids, Mich, made into bed and
shipped back to Florence. There hundreds Of
thousands Of acres Of walnut and other trees thero
In which the axe Of the woodmsu has never boon
heard, and fne marble Quarries arc right at hand.
Florence is enjoying not BOOM but the most marvel
lous growth seen in the South Since september l.,
1885, s2 3s5 900 have been invested there In twenty
Different industries, and since January. 1889. real
estate worth 100000 has boon sold. In tho last
four months 500 houses have been built and between
400 aud 500 arc now in tho Of erection. yet
people living In tents. The population was 1000
year ago, now II Is 5000 and increasing dahy.
The Northern capitalists who establish factories there
generally bring with thcm number OF shea
operatives, who, In turn teach the new hands There
to he idea In tho North that the south Is I'M
healthy; bur Florence has . remarkably hno climate
Yellow fever has rcachnd there and the annual
death rate IS only seven In each thousand The railroad
charleston Louisville and Nashville, birmingham
AMI TrnnrSS-" River Roads passing through IT, anu
imIlt FLORENCE is at ihr head u navigation Of the
Tel nessno River, which is one OF the best sources OF
water power IN the south WAT else ~ he'tsHy
Tor commercial prosperity, besides capital and skilled
labor We have the cheap labor, cotton. coal iron.
orr, forests right 40 hand. with Q splendid water
way and numerous railroads to Transport the finished
prriucf. and msnufar established tber are GER
tain with an; sort Of god management to bring q
big return on the capital investsi.'
In answer to a question about tho views Of the
members Of the party the tariff, Judge Hudson
aughingly said that their trip had nothing to do
With notifies but that they worc all strong pro-
,rriionl,ts. Tho other gentlemen wore equally ell
ihu.iastc over the prugrrss Of Florence a. manu-
featuring and equally rNAly With 1al~ 10
prove her claims To being the most favorable spot
for Investment In tho SOuth.