The state chronicle. [volume] (Raleigh, N.C.) 1883-1893, 1892-05-31

| crease of 200 per cent in national
banks In the South against an increase
of z per cent. in the New England
States, and the capital Of our State
banks and trust companies has doubled
in the decade"
And in agriculture the figures tell how
industrious Southern farmers have been
in the face of the laws passed by the
republican party discriminating against
them in favor of Northern protection
lists, who have grown rich while their
industry has gone without it's proper
reward.
"The census Of 1890 shows th at the
increase of population in the South
was practically all in the cities and
towns. The same number of people
who, in 1880 grew {, 100000 bales of
cotton and 25O,OOO,OOO bushels of
corn, in 1891 made nearly 100000
bales of cotton and 5O0,OOO,OOO BUSH
els Of corn, besides receiving tens of
millions of dollars for truck and fruits,
which made but a small item in 1880.
Another interesting fact is that the
average price of corn in the South in
1891 was 81 cents against 81 in the
West, while wheat here averaged 80
cents against 80, oats so cents against
%, and potatoes 70 cents against 3o."
Mr.. Williams thought that one of
the needs of the South was immigra-
tion of the better class.
"The intelligent farmers from over
crowded Europe, he said, will find
here soil that will quickly and
bounteously respond to their intelli-
gent care and an atmosphere which
knows no extremes Of heat or cold.
Mr.. Williams showed that the ad-
vance which the South has made has
been accomplished almost entirely by
her white people, and although so
heavily handicapped by 100000
negroes the relative increase of wealth
since 1880 in the South has been far
greater than in the North and West
The average percentage of increase of
per capita wealth made IN 1880 to
1890 was 100 per cent. more than in
the New Englasad States or in the
Central West.'' -,
IT,; facts brought out by Mr.. Wrc
faecsaring n the sodTsHa Ta1a eots9P %e en
couraging, and prove that the Southern
people are realizing the Importance
and profit Of man ufacturing the cotton
they grow. It has long been their GUS
tom to grow the cotton and send it to
Northern factories to be made into
cloth for the privilege of buying it
back at large profit to the-manfac-
turer. From Mr.. Williams figures
the mistake and loss in such policy
has been seen:
s'The increase in the number OF
} looms and spindles since 1880 has been
more than 500 per cent. And the
South is now consuming nearly as
much raw cotton in her manufactures
As was consumed by the whole country
3 in 1866. The development of cotton
!, manufacturing in this country in the
future, Mr.. Williams insisted, must il
the natural course of things take place
: in the South. The average saving II
freight of three quarters Of cent pei
pound of the raw cotton often repre-
f sents the entire profit of the northern
d mill. The numerous advantages poss
! essed by the South, the gentleman said
e proclaimed to the thinking mind wher'
q will be the future centre of cottol
r manufacturing industry of the world
e The development Of the cotton seed in
:. dustry has given to formerly vast
l.. product value greater than the annua
n output Of all the gold mines in tn
e country. Another manufacturing IN
Is dustry of great Importance is that Q
9 wool. The capital employed in woo
d manufacturing had increased since 1873
}, nearly 800 per cent"
+ No true Southern man can rea
:, :. these figures without feeling of pride
+ and increased admiration of the wor
4 derful recuperative power of our pee
le pie. Coming out of a war in whic
all was lost, save honor, the Souther
IS people. following the example of tt
illustrious Lee, went Immediately
"a work with the result 80 forcibly tol
- by Mr.. Williams. And now if the
s. will stand together in favor of just an
9, equal laws it will be beyond the reac
er of human capacity to measure, even
ne imagination, their future wealth al
at
:; renown.
y.
- Congressman Cheatham.