The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1891-03-27
THE GREAT SOUTH.
THIS HAS BEEN A WEEK OF
GREAT DEVELOPMENT
THROUGHOUT HER
BORDERS.

BORD EES.
There Have Been tEore Industrial
Companies and Less Land Boom Conn
panies Than has Been Known in
Many Days.
BALTIMORE, Nd Mach 26. The Mar.
ufacturers' Record of this week saws:
The past week has been one of the
busiest in the industrial advancement Of
the South ever known. It has been a
week crowded with the organization and
projection of solid industrial On .erprises
throughout the whole Sou.hG5ud Of large
Investments OF outside ca pital In
manufactures, while comparatively
few land companies have been
reported So numerous have been the
new enterprises reported that it is diff
cult to give in a brief summary D com
prehensive idea Of the widespread activ-
ity which the full record Of the week
shows. Among the leading concerns
reported is $4,000 600 company now
being organized in New York to estab
ish cotton seed oil refneries; 81, 500, 900
company to build soap works through
out the South, using cotton seed pro
duct; a prospective 81, 600 900 steel com
pany in Texas; a $1,0OO,O0O @ Qlarrying
and Railroad Co. in Georgia; 81, 900, 600
compress manu- featuring company in
Texas; a $500 900 compress company in
Texas; a $40, 900 cotton mill company in
Alabama $400, 900 iron and steel COM
pany in Virginia; $3.50, 900 paper mill
in Maryland; 5000, 900 cotton seed oil
company in Texas; $500, 600 phosphate
company in Florida; a $500, 600. and
$3.50, 900 cotton mill company in South
Carolina; a $3.50, 900 quarry company at
Atlanta, Ga. 5000, 900 phosphate com.
pany in West Virginia, probably to op-
crate in Florida; the. sale of town sita
IN Tennessee for $3.50, 900; a $40, 900 fur
niture factory IN Alabama; a purchase
Of town site in the same State by Penn
sylvania capitalists, who will build five
large industries; a 100000 coal mining
company and a $4,000 fertilizer COM
pany in Tennessee; $4,000 barrel fac
tory, $4,000 compress and a sewerage
works in Georgia $4,000 develop
| nent company and $40, 900 lime works
IN South Carolina; a 100000 develop
ment company, and $25, 900 compress
company in North Carolina; a $50, 900
veneer company in Maryland; $4,000
lumber company in Florida; $25, 900
coal company IN Virginia; 800 600
brick company in Texas, aud another in
the same State to make $3.50, 900 bricks
a day; CO operative town company IN
Tennessee with capitalization OF $40,
600, 600
The Record also publishes a special
two page interview with President In
gals, Of the Chesapeake & Ohio ra' -oal
reviewing the development of Virginia
| and Wesf Virginia and OF the work that
! the G. u @ is doing to aid it President
lDgalls announces his carly remoVa
from Cincinnati to New York, SO that be
may be n better position to attrac
capital to the South. President ingalls,
thinks that the country traversed by biz
road will become as populous anC
as prosperous and as much crowded
with thriving manufacturing cities anC
towns as any part of Pennsylvania nov
is. 'It is a country" he says, "of 81
most infinite resources, and the wort
that has been done during the last tw,
years in the opening up of this region
| 1hO UuO VI Wv duu tuC Oo
tablishment of manufacturing enter
prises is but the beginning of an ad
vancement that will create an enormous
amount of wealth, and will cause tn
establishment of manufacturing cite
along the entire line of the road in th
two Virginias
Taking the three items of coal, irol
and timber alone, there is a basis O
latent wealth in the country drained b
the Chesapeake and Ohio and it
branches that will furnish solid founda
ton for large number of big cities, a
we'll as for a great many prosperous in
dustrial towns with population at fror
5000 to 10000 each. Wheny t
those advantages we add the great agri
cultural resources of the two States, til
petroleum. natural gas, the freclays, an
all the other wealth creating resources
. it can be readily seen that there is prat
tically no limit to the healthy advance
: ment Of the entire country from New
{ port News to Cincinnati"