The Springdale news., 1889-09-20
SPRINGDALE NEWS.
THE NEW SOUTH.
The Marvellous Material Progress of
 that Favored SectI0n.

BALTIMORE, Md, Sept. 12.-The Manufacturers Record of this week publishes specia! letters from lead ing bankers throughout the South as to the outlook for buslness, and without exception they report heavy crops, with farmers less in debt than at any time since the war, money unusually abdndant for the season and the best prospects ever known for industrial activity. The increase Tn tho value of Southera crops this year over 1888 will be upwards of S125,000,0O0, though last years was the largest on rec ord up to that time. Special re- ports to the Manufacturers Record from State officials show that the assessed value of property from the assessments now being made will be S175, 5,00C, ,000 greater than last year. In Texas the incl ease IS S40,000,0 Georgia, $25, 100000; Mississippi, sl6.oo0, ,000; Louisiana, S10,000, 900; Tennessee $l0, 1000, 900; Alabama, 2,O00.000; Arkansas, S7000, 900, and West Virginia, S2, 900, ,000.
 Sumlng up the industrial and az riculturaI growth of the South, the Record says that in three and a half years 1t has reported the or. ganization in the South of upwards oil 900 new industrial establish ments, covering every lne of manu- faeturing from making pins to build Ing locomotives, and the building of over 5000 miles ofraiIroads. In the last eight years the South has raised about 2l ,506,0 000 bales of cot ton, over BOO, 100000 bushels of corn, nearly 0,000, GOO bushels of wheat and 240,000,000 bushels of oats. the total value of these and other agricultural products, accord ing''to official government figures, reaching to upwards of s ,5o0,ooo,- 900, or an average Of over S830,- 000, GOO for each year, The rail road mileage of the South has been increased by the addition of oyer 20,o00 miles since 1876. Since that year over $500, ,000, 900 has beer. spent in building new roads and improving old ones. The as sessed value of property has in creased over S1,300, ,000, ,0o0 since ls80. In 1880 the South made 397 ,30l tons of pig iron; in lssS, over l HOO, ,000, and II 1889 II will produce about 300, ,O00 or 1,6o0,- O00.
 In 1880, 6,o4S,51l tons of coal were mined in the South, Tn lSs8 tho output was Is, S,000,000 tons, and Tn 1889 1t will probably be not far from 23.000, 00o tons. Cotton mills have increased from !6I, with H. 323 looms and .667 ,854 sprndles in  1880, to 335 mills, with 45,o00 looms and 2,035, 1000 spindles, while many new mills are under construction and many oll ones being enlarged In 1880 there were 4G cott0n-seed oil mills in the South. with q capital of $3, poo, ,000 Nowhere are 263 |, representing an investment of over S20,000, ,000 The value of the South's agricultural product for 1888 was about $500, ,0o0, ,000 against S57l 100000 in 1879; while 1889 will probably show S9O0 ,00o,o ,o00 or S950, ,000,00O' The value of the South's live stock Is now S575, ,0G0, GOO, while in 1879 it was s3y1, ,40O,. 000. The production of grain rose from 43l ,074,680 bushels in 1880, to 6l2,666,O00 bushels in 1888, and this year will probably show over 68o,o00,o00 bushels, an increase of nearly 250,oO0,ooo bushels, A very full report of the operations of the English syndicate which is sending $10, 100000 tobuild the new town of Middlesborough, Ky, at Cumberland Gap, is also given, the list of directors including many of the wealthlest and oldest iron and steel makers in Great Britlan. Mrs Tanptry iS num bered amOnp the