Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1891-09-16
IN HIGH SPIRITS.
Capt. oracey Thinks the Brightest Era
Just Ahead.

just An6aus
The writer had a very delightful
interview with Capt. Frank Gracey
Tuesday. He has been off with sew
eral gentlemen some six or eight
weeks seeing the sights, fishing,
hunting, recreating, etc, and it does
a GAINESVILLE man good to hear him
talk about home and the prospects
compared to many booming cities
and iron manufacturing districts.
Capt. Gracey is very quiet, plain
citizen with few pretentiOns, but
nevertheless he is one of the brainiest
men in the country, close observer
and calculator, as he is successful
systematic business man. While out
he visited many 'of the booming
cities and great iron furnaces, max.
ing close Investigations and observa-
tons of operations and changes in
the business channels, and nothing
worth noticing escaped his keen eyes.
During the twenty odd years we
have known Capt. Gracey we have
never seen him in such high spirits
and hopeful for the near future of the
beautiful little city of Seven Hills.
In all of his travel he found no
place with opportunities equal to that
of GAINESVILLE, and he would not
change his location and prospects for
any place. He thinks he could
make fortune at Duluth, but the
chances are no better there than they
are here. He observed the unmistak-
able signs of the rapid transfer of the
iron manufacturing interest of the
North to the South, and, with this,
other manufacturing interests. Like
the English people who are settling a
town below here, he thinks the high
tariff is destroying the East and
building up the South, because it
closes the foreign markets, increases
the cost of raw material and causes
Over-production at home and en-
Ables the cheap iron of the South to
compete IN all the markets with the
costly Eastern product.
The South is able to produce iron
at cost of $40 per ton and sell it for
Sl3, while it costs the Eastern people
SIS per ton. The Southern iron is so
nearly equal in quality that it ans
wers every purpose. While the ore
costs the fine furnaces of the NORTH
So per ton, he can supply his furnace
at cost of 81 per ton. That differ
ence of itself is sufficient profit,
While the Northern furnaces are
shutting down, he found the markets
full of Southern iron, and this thing
is bound to continue unless iron
should advance to enormous figures,
which is not likely, as the South will
be able to supply the demand by her
increasing furnaces and keep down
the price to legitimate profits.
Capt. Gracey thinks the brightest
era is just ahead. A flood of money
is now coming back to this country
from Europe for breadstuffs and
everything is Frightening. He no.
ticed at Duluth the arrival of 200 t.
| 800 Car loads of wheat daily, all OF
which was being rushed through to
Europe on advancing prices. Money
will soon be so plentiful that people
will hardly know what to do with
it, and then there will be rush to
the South of investment seekers.
GAINESVILLE only needs to put her
self in line and make known the vast
opportunities offered here for manu-
featuring in every line, having cheap
iron, cheap timber, with plenty OF
stone, water, water power and cheap
river and railroad transportation to
all parts of the world.
The Captain says he always had
faith in his iron manufacturing en-.
terprise, but that his faith has been
greatly increased by his trip and
what he saw and heard on the way,
and his company is going to rush to
get the furnace into operation.
Truly these things ought to be very
encouraging to GAINESVILLE people
and induce them to redouble their
energies.