St. Landry democrat., 1890-02-01
The South.

The South.
From the Manufacturers Record we ex'
tract the following flattering figures OF the
South's progress:
In 1860 the assessed value of property
in Georgia was greater than the combined
wealth of Maine, New Hampshire, YER
mont and Rhode Island. South Carolina
was $69, 100000 richer than Rhode Island
and New Jersey. Mississippi outranked
Connecticut by 800, 100000. In the as
sessed valuation of property per capita,
Connecticut stood first in rank, Rhode Is
land second, South Carolina third, Missis-
sippi fourth, Massachusetts, fifth, Louisj-
ana sixth, Georgia seventh, District of Co
lumbia eighth, Florida ninth, Kentucky
tenth, Alabama eleventh, Texas twelfth,
New Jersey thirteenth, Maryland four
tenth, Arkansas fifteenth. Virginia six
teenth and Ohio seventeenth. New York
and Pennsylvania were also far behind the
South in the amount of wealth in proper
ton to population, the former State rank
ing twenty second and the latter thirtieth.
By 1870 there was startling change. The
assessed value of property in New York
and Pennsylvania alone was greater than
the whole South; Massachusetts had just
one-half as much wealth as the fourteen
Southern States combined. South Carolina,
which in 1860 had been third in rank in
wealth in proportion to the number of her
inhabitants, had dropped to be the thir-
tisth; Georgia, from the seventh to the
thirty ninth; Mississippi, from the fourth
place to the thirty-fourth; Alabama, from
the eleventh to the forty fourth; Kentucky
from tenth to twenty-ei ghth, and the other
Southern States had gone down in the
same way, while the Northern and West
ern States had steadily increased in wealth.
In 1860 the assessed value of property in
South Carolina, according to the census,
was $4S9, 900, 900, while the combined val
ues of Rhode Island and New Jersey aggre-
gated 1921 100000, or. 100000 less
than South Cardinals. In 1870 the COM
bined values of Rhode Island and New
Jersey amounted to 1868, 900, 900, and the
value in South Carolina was 1888, 600, 0OO
Thus, while South Carolina had sos, 000,-
600 more assessed property in 1860 than
these two States, it had in 1870 $685., OOO,
900 less than they had. In 1860 the total
assessed value of property in the United
States was S12 900, 900, 000 and of this the
South had So, 200, 900, 900, or A per cent
in 1870 the total for the country was $14,-
40, 000,0 900, and of this the South had
only So. 064 600, 900, or % per cent.
In 1880 the South had commenced to re-
gain it's position of 1860, and its progress
during the last nine years has been the
wonder of the age. Since 1865 over ST.
500, COO, 900 have been drawn to the South
to pay for cotton. and the value of the
cotton exported to Europe during that
period has been s., 100, 600, 600. Heretofore
the bulk of money received for cotton has
gone North and West to pay for home and
farm supplies, but now the South is rcis-
ing it's own corn and bacon, and largely
produces the manufactured goods required
for home. consumption. In this change
there is a revolution in the currents of
business Added to the one or two hun
bred millions of dollars of cotton money
that have for twenty one years gone North
but which will now remain in the South
will be an equal or possibly greater
amount brought to the South to pay for
the iron, the Lumber and the cotton goods
that are now being shipped North, the
millions that will come to pay for mineral
and timber lands, the $4,000 900 or more
that is now paid for early vegetables and
fruits, and the great aggregate, reaching
probably $25, 600, 900 spent by winter Wis
ltors who come South to enjoy it's climate.
The agricultural advancement has been
almost as marked as the industrial. In
1870 the value of the South's agricultural
products was $571, 100000; in 1888 it was
S739, 600, 900, and in 1889 it will be about
$3.50, 00O, 0O0.. In 1870 the South produced
43l ,OOO, 600 bushels of grain, and in 1888
632, 900. 900 bushels, and the yield for 1889
rri11 ,,robab1v show f50 ono 00O tn 675
100000 bushels. The percentage of in
crease in grain production in the South
was larger than in the West. In 1879 the
value of the live stock in the South was
1901 ,400, 600, and in 1889 $500, 160, 900
In 1880 the South had 220 national
banks, with capital of $45, 597, 900, and
n 1889 it has 472 national banks, aud
heir capital is SIG, 454, 600.
The increase in the number of national
banks since 1879 hss been about 10 per
;ent in the North, 81 per cent in the West
md 113 per cent in the South, while the
Increase in capital stock was nearly 4 per
;ent in the North, 95 per cent in the West
md 70 per cent in the South during the
anne period.
There was an increase in surplus in
rational banks of 45 per cent in the North,
q per cent in the West and 146 per cent
IL the South of undivided profits sn i'll
rease of 43 per cent in the North, 58 per
ent in the West and 80 per cent in the
south of loans and discounts, Al per cent
n the North, 1876 per cent in the West and
10 per cent in the South and Of ind
-idual deposits. 80 per cent in the North,
or per cent in the West and 116 per cent
q the South.