The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-09-03
s.rannsb,. rraoe for 1ae1-,e2.


The trade year just closed, and which is
reviewed In this issue Of the MORNING
News, was not as profitable and as pros
porous as the year that preceded it. The
reason was the low prices of naval stores and
cotton, products upon which SAvsnnah's
business SO largely depends. There was
llttls or no profit In cotton for the planter.
and naval stores operators were fortunate
IL they made their expenses. Consequently
there was falling off in all branches Of
business Although the cotton crop was
the largest ever IL arks ted aud the produo-
| tion OF naval stores exceeded that Of any
! previous year. money was scarce. Both the
cotton planters and the naval stores opera
tors we're poor. Their lack OF money was
felt by the country merchant, who was, of
course, compelled to out down his purchases
of the city merchant.
Savannah, however. did not suffer seri-
ously. Her merchants managed TO get
through the year and IL is safe to say that
the most OF them have something to show
| for their years work, though the amount
may be small in comparison with the net
earnings Of previous years.
But, Notwithstanding the depression from
which business suffered, Savannah moved
steadily ahead. The confidence OF her peo-
pie in her future grew steadily stronger.
There was no falling of in the market value
OF her real estate, and there was a great
deal of activity in building. Business
houses were erected, and many handsome
residences occupy sites that were bare
year ago.
Even the fact that the Central Railroad
and Banking Company went into the hands
influence, did not discourage enterprises
shat were projected or make work upon
those begun less earnest. The building OF
street railways went right along, and con-
hdence In the railroad enterprises that have
occupied public attention for some time
was not weakened in the least.
The truth IL, Savannah rests upon very
substantial financial and business basis.
Her banks and business houses are solid in
situations. and the volume of her business is
immense. The transactions OF her clearing
house show that. They amounted to about
s95, 100000 during the last year. exclusive
Of the business Of her private banks.
That Savannah is assured of splendid
future no one who lie familiar with her bus
iness and her resources has doubt. She is
bound TO grow steadily and solidly. The
advance In the value of her real estate is
genuine and is based upon commercial
importance and business prosperity that are
In sight. Her railroads reach oub in every
direction. and the territory that Is tributary
to her is immense aud the best 10 the south.
The roads that are projected and partly
built will open up to her still other terri
tory. An immense region now pours Its
wealth into her lap-a region that ia oapa-
BILE of being developed TO many times
its present capacity, aRd which is being de-
vsloped very rapidly. Those who knew
Savannah ten years ago, and have not seen
her since, would hardly know her now. and
her improvement in the next ten years will
far exceed that OF the last ten.
Her channel to the sea will soon bring TO
her the largest ships of the world. More
than s3,0OO,000 has been appropriated to
give her 26-foot channel TO the sea, and
preparations for using this immense sum
have been begun. With harbor such
| as is projected her commerce will increase
wonderfully. Products from the great west
as we'll as from the larger part Of the south,
will reach their destination by way OF her
| wharves.
Savannah's people can make her what
they please. She has all the advantages for
becoming q great commercial city, as well
as manufacturing town, and II they will
but use these advantages for all they are
worth they will make her great and them
selves prosperous and rich. No other city
offers better opportunities for the invest
nent Of money, and no other city promises
SO good returns on money invested in real
estate or business within her limits. Let
| her people believe in her and work for her
and they will have no reason TO regret hav-
ing done so.
Is Pilot Germ-Proof?
The quarantine officer at New York was