Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1890-07-11
SOUTHERN PROGRESS.
No HALT IN THE Sourm's OswAny
MARCH.

OH III the South. In all lines of in.
dustry the advance is steady md
continuous The magnificent endow
'neht that nature has given The South
is receiving more and more of the
appreciation it deserves. Every
Southern State shares In tho inflow
OF capital from the NORTH and from
foreign countries. Every Southern
State feels the impulse uf capital ON.
ployed in its development. The old
agricultural South has ceased to be.
The ideas of fifty ycnrs ago no long.
or obtain. Another thought, anoth-
or motive are III the asccndancy.
From hcmcefort!l The South stands in
the front ranl; rs the ''licld of Amer
lcan adventure and The exponent OF
American progress. Once, dcvoiiny
all her brains and energies to bus
bandry and atatecraft, she is row
getting rendy TO compete with all
the world i'll the manufacturing of
everything that humanity requires or
civilization demands. Thirty years
ago her workshops were few, widely
separated and generally of little &C
count. Today her furnaces and
forgcs arc numbered among the hun.
'lreds, her factories and mills by the
thousand. The statistics given in
the long columns that follow tell
somewhat of the story of Southern
progress, but infinitely little is told
us compared with tho actual facts.
Every detail has something behind it
that docs not appear. a new iron
furnace represents moro than the
capital invested i'll the plant, in the
iron and coal mines and the limo.
stone quarry that together furnish
tho raw materials for its successful
operation. Behind these arc the
wage carnors employed in tho chief
and its subsidiary industries; the
merchants that furnish supplies to
the operatives and their families; the
landlords who build their homes: the
railroad companies who carry their
products to market; the churches in
which they Worship; the SCHOOLS in
which their children are taught. All
these and many other items do moi
appear to swell the records OF South
crn progress That every quarter the
Manufacturers Record collatcs 70,
tho public, and yet they arc import
ant clements OF the ever increasing
volume OF Southern prosperity.
Another element OF Southern pro
grcss contained in but not revealed
by tie statistics that follow is ib,
tho founding of mnny new towns.
Since the last day of March more
town enterprises have been entered
upon i'll the South than during any
preceding quarter since 1880. We
do not include among these any OF
tho mushroom projects of spcculat.
ors, whose only ambition is TO sell
lots, but we refer solely to the great
number OF places TINT have substan
tinl reasons for existence, that arc
managed by men of large business
experience, OF we'll earned reputa.
tons for ability and integrity, who
personally made heavy Investments
Ill their respective enterprises, and
have secured the active cooperation
of many OF the most conservative
capitalists of the United States and
Europe. This great and substantial
increase is speedy fulfllment of the
late Judge kolloy's prediction that
the capital which, for fifty years, had
been building up the West to the
Pacific, would of necessity he divert
ell at an carly day to the South, for
it was the only inviting field that re,
manned i'll the United States.
The increase Of British invest
ments in Southern properties during
tho past blk monts is another graft
Tying feature of the development of
that section. In our summary, n
year since, wo referred to the pros
poets OF such movement. What
we then said has been more than
confirmed. Many millions of dollars
OF British capital have been placed in
the South since the first of january,
and many more are legally pledged
for enterprises of recent origin.
A careful analysis of tho statistics
in the following tables will show to