The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-02-01
ENGLISH BELIEF IN THE SOUTH.
The London City Leader Re-
views the Stu alton.
Sir LowthInn Bells Strong Cemmenda-
ton Has Great Effect on Public Opin-
ion-Tke Cry is no Longer "Go Wost."
but go South"-The Eldorndo OF
American Adventnre-rhe South's
Magnificent Development.

Magnificent Development.
The London City Leader, ono Of tho
strongest financial papers in Great Bri-
tain, has this to say of the South's de-
velopment:
+, The city is full of rumors regarding a
Z coming boom in American lands. Ex-
traordinary statements are being made
&C to tho enormous mineral wealth Of
the Southorrss. tates, which, if correct,
must make that district the bonanza Of
the future. Sir Lowthian Bells advice
to the members of the Iron-Stecl Insti-
tute, to inspect the iron works OF the
Southern States, where the natural
resources are SO enormous" has done
much to direct the English mind to the
wonderful developments now in pro-
| gress in those districts. The return of
the delegates is awaited with some ex-
pectation, as their statements will, we
/ think, be favorable TO the country; for
no one can 1Cudy tho remarkable com
bination RI resources which the South
enjoys without being convinced that, in
| NATURAL uNhIlfftRcS, btIiS StCJlOn Vi INC
country standSSfar ahead of any other
country in the world. In climate, soil,
4 rivers, mineral and timber wealth. ma
Y turc seems to have done her best for the
/ ( South. Although crippled by disas-
ltrous and deplorablc war, she is now
again leading the van of American pro-
gress. And it is largely Northern CAPT
tai which is aiding her in her rise. and
4 finally cemcnting II union that legisla-
4 ton could never project. The whole
4 country pulsates with industrial activ-
atty. Districts which n few years back
4 wtsAe wholly occupied by farms, or which
\ were unreolnimed from the forests, are
q now becoming centers of important
q manufacturing and commercial indus
81 tries. The cry is ne longer go West,
Il young man." but Ego South" Penn
"a sylvanin iron-masters are realizing the
4 meaning of the Southern competition in
N coal and iron, whilst many Northern
s. industries are being transferred en- bloc
a to the more favorable district, where
81 material and transportation are cheaper.
"A There Is no doubt but that the center
q Of industrial development is gradually
Il being transferred from the North to the
"a South. Mr.. Carnegie, indeed regards
= tho South as Pennsylvania's most
81 formidable industrial enemy in the
future. Another authority, the Hon.
sd Chauncey M. Depew, says 1.-The South is
fathe bonanza of the future" while
a8equally potent is the statement made by
aH Hon. w. ID. Kelley, 1.-The South is tho
aacoming Ell Dorado of American adven-
#jture." But coming nearer home, and
Ito an authority better known to Eng
~ ish people, we will quote Sir Lowthian
aBell. He states: ultimately, there
beems nothing, SO far as our present
powledge permits us to Judge, TO pre-
&$8Fent these Southern States from bccom.
9ng the cheapest iron-making centers in
~ the Union," a prophecy not far from
Fulfillment. Despite Wall street manipu-
lations, despite low prices of iron and
breel, and all other causes which gen
)58brally retard the development of q
l$ country, the South is still moving for
award 18th accelerated step. Nothing
8eems to check it.. From the Potomac
ssf|3iver to the Rio Grande there is moth
s&3ng but progress. Ten years ago the
k$Skealth of the United States was CON pu-
led at 944, 0OO, 900, 600; now that wealth
SB estimated to be S64, 900, 600, 900, an in.
Earease of $4,000, 100000 for every year
E4uring the past decade. How rapid the
sside is flowing Southwark few hard
scts will show. The miles of railroad
S$Anilt in the United States during the
s rst half of present gear were l,lSg
@ lies, Of which Lila were built in the
49, buth.
M Even increased railway facilities can.
M ot cope with the amount of freight
,siness the Southern railroads have
iaced in their hands. During the past
Zinc mon chs upwards of 3.OOu new en-.
srprises, including almost every new
Inc OF industry, from the small saw.
sIF9}ill to the great steel and iron works,
SaAve been organized, while the first
lSS3, eek of last July saw started over
aEEyf.ye industrial undertakings. the
= 4 =, kregate capital of which exceed Sl2,.
4 H5o, 900. Take, finally the furnace in.
lease. OF the thirty-six iron fur.
AElHces now under construct ton in the
NEi1nited States, twenty-five are in the
E3uth. Moreover, while there are few
HUH no other new furnaces projected in
AS ther parts of the country, there arc
AE eobably at least twenty that will be put
Hgsnder contract in the South during the
4xt fcw months. Such details are sig.
NasElcant enough. But admitting all this
Hkhustrial activity, the question natu-
x t5Aiy suggests itself, is the boom lik, "
h 8sbe a real one? or, to use an Ameri.
81 hism, has it come to stay? After =