The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1889-05-02
SOUTH'S BOOM.
The Aggregate of Her Productions
dor Two Years Approximates
Two Billions.
One Thousand New Manufacturing
Establishments-The Cap
tain of the Missouri.

BALTIMORE, April 25.-The Msnufsotur-
er's Record in this weeks issue will pub
lish special report from leading bank
ers all over the south as to the condition
of business in their vicinity, stating what
the views of the bankers were, because
they are the best possible authority on the
financial condition of business in their
section. The Record says in the north
there is complaint of dullness; in the
south an activity never before equalled is
seen in every line of industry. The peo-
pie are not only hopeful but enthusiastic.
The steady progress of late years has
brought about season of prosperity
which has infused new life into everybody
and the whole south is alive and at work.
Drones are at discount. Energy and
prise-ceaseles tireless vim and
push-are now the controlling factors in
the south.
The report of the bankers scattered
from Virginia to Texas without exception
tell of improvement in business, of aotiv-
ity in trade and manufactures, and of an
enthusiasm which pervades all classes Of
oitizens-farmers and business men alike.
This is probably the most uniformly
favorable summary of the condition of
business in an area as great as the south
that could ever have been made. This
prosperity results from these facts:
In the south during the last two years
and upwards 1000 new industrial estab-
lishments have been started, covering
every line of manufacturing and mining,
from making pins to building locomo-
tives, and the building of nearly 1000
miles of railroad and the production of
the largest crops ever raised in this SEQ
tion, which yielded fairly good profits
to farmers, have been reported. During
these two years the south raised over IA
100000 bales of cotton, over 100000, 900
bushels of corn, nearly 100, 100000 bushels
of wheat and 60,000,000 bushels of oats.
The total value of these and other agricul-
tural products reached an aggregate of
upwards of $l,6O0,0OO,00O or an average of
$500, 100000 year.
The character of the reports from
bankers is shown in the following from a
few of them:
First National bank, of Florence, Ala,
reports business on a sound financial
basis, and activity unprecedented in this
section, with money easy; thirty or forty
new factories located here in the last few
months.
First National bank, Athens, Tenn, says
| that section was never before half 80 pros
porous nor the outlook half 30 hattering.
Planters bank, Danville, Va, reports
prospects more promising than ever be
| fore.
First National bank, Fort Worth, Tex:
"An era of unprecedented prosperity"
and adds that the farmers are jubilant
over crop prospects.
First National bank, Salisbury, N. O.,
speaking for all that section says: ga bet
ter outlook than for twenty years ,and peo-
pie united and enthusiastic"
First National bank, Rome, Ga: "Busi-
ness very active and increasing; people
full of hope aud enthusiasm"
Warren Deposit bank, Glasgow, KY: "a
new era of prosperity"
First National bank, Vlcksburg, Miss:
"Going ahead with marked rapidity."
First National bank, South Pittsburg,
Tenn: Satisfactory to the most san
puine,n