The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1890-01-09
PROSPERITY OF THE SOUTH.
AN UNPRECEDENTED SEASON OF
INDUSTRIAL PROGRESS
Wonderful Progress of the Southern
States as Shown by Actual Facts
and Figures.
Monroe Register.

Monroe Register.
The Baltimore Manufacturers Rec
eo,d issued special Bankers Edition
on the 2Ist of December, containing
o8 pages. The Ree0rA is doing
wonderful work for the South, and this
special edition is creditable in the
highest degree. The mineral, agricul-
tural, railroad, manufacturing and all
other interests of the South are set
forth in the most attractive terms, and
the wonderful progress made by this
section is shown by actual facts and
figures. The immense amount of in
formation contained in this issue,
which was distributed throughout the
country, will doubtless result in much
practical benefit by attracting the at
tention of capitalists to the grand OPP
portunities for investment which exist
throughout the Southern States The
Ree0rd says editorially:
No one can carefully study the re-
markable combination OF resources
which the South enjoys without being
convinced that, in natural advantages,
this section stands far ahead OF any
other country in the world and with
the rapid progress now being made in
the development of all these resources,
the South is entering upon a period of
prosperity greater than any part of
this country has ever yet enjoyed. The
conditions for this are far more favor
able than in the West during the period
of the most rapid growth of that re-
gion, and this prosperity being free
from fictitious initiation will be perma-
nent.
In 1880 the total amount of capital
invested in manufactures in the United
States was $4,000, 900, 900. If we
could conceive of some disaster that
would have entirely blotted Out every
manufacturing enterprise in the whole
country in 1880, and every dollar in
vested in them, the aggregate destruc-
ton of property would have been only
about half as great as the losses entail
ed upon the South by the war. 1t is
impossible to comprehend what it
would mean, if at one blow every man
ufacturing enterprise in this country
were wiped out of existence, and yet
the sufferings and poverty which would
follow such a disaster would hardly be
equal to what the South had to face
when it laid down its arms in 1865.
These facts are mentioned that the
South may receive the greater credit
for the amazing progress which has
been made in the last few years.
So rapid has been the industrial ad-
vanCement of that section during the
last eight or nine years, and more es-
pecially during the last four, that the
business world is now seeking informa
ton about every phase of Southern
growth, and of the South's resources
Capitalists in Europe and America are
looking to the South as the field for
investment; manufacturers of iron,
cotton and lumber, realizing that the
South is destined to control all of these
and allied industries, are directing
their attention to this section. The
cry is no longer AGO West" but " Go
South, young man." and for the pur-
pose of presenting a general view OF
what has actually been aCc0mDliShed
and not simply projected or talked Of
this condensed summary has been
compiled. Its only aim is to make
| plain by figures what has been done
and in connection Herewith to give a
few statements that will carry weight
because they are from the highest au.
thorities, to show what are the posi-
| bilities Of the South.