The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1892-08-12

ten years, with the south, it is seen
that the relative progress of the
latter between 1880 and 1890 has been
far ahead of that of the former. In 1880
eight southern states had 1927 miles
of road, which carried in that year g.
3o5, 074 passengers, or less than one
third as many as were carried on the
%. SIS miles in the western group;
whereas. by 1890, the number on 24,955
miles of southern road had reached
over 80, 900, 900, nerrly One-half as many
as on Al ,299 miles of western road. The
number of passengers carried on south
ern roads increased 800 per cent, and
on western roads 16s per cent The
freight moved increased in the same
way, the number of tons handled hav-
ing gained 247 per cent. on the south
ern roads, against lis per cent. on the
western roads. The gain in earnings.
both from passengers and freight, shows
very largely in favor of the south. I.
In 1889 the average receipts per mile
per passenger were 2.541c on western
roads and 3.194c on southern roads, a
difference of 0.653c in favor of the for
mer; in 1890 the average in the west
was 2.338c, and in the south 2.291c,
showing that southern roads are now
carrying passengers at a lower average
rate than western roads. The decline
in the south was O.903c, or 2s per cent,
and in the west 0. 203c, or per cent.
THE IRON TRADE.
Looking at the growth of the iron
trade, we find that in 1881 the entire
south made only 451, $40 tons of pig
iron, the output for the rest of the
country in that year having been 4, 19O,-
024 tons. In 1881 the south made L..
914, O42 tons, and the rest of the coun-
try 7,359,413 tons. Starting in 1881
with. 451, 900 tons, the south increased
its output by 1891 by 100000 tons, or
323 per cent, again st a gain of 7S per
cent. in the north and west. In 1881
the Dorth and west made over nine
times as'much iron as the south; in 1891
they made less than four times as
much. Ten years ago the south was
almost wholly dependent upon other
sections for it's finished iron product, its
cars, locomotives, engines, boilers, ag-
ricultural implements, etc. Now it
has some excellent locomotive building
works and many car wheel and axle
foundries, which even ship their prod
uct to the leading railroads north and
west; large machine shops, agricultur-
al implement works and the finest and
best equipped iron shipyard in the
world, which has lately launched the
largest iron steamer built in this coun-
try, except some of the new war YES
sells.
COAL. CoTToS-gFFD OH ETC
The output of coal from southern
mines in 1891 was over %, 600, 900 tons,
compared with about 5000, 900 tons in
1881 The forty cotton-seed oil mills,
with a capital of SO, SOC, 900, in operation
in 1881, have grown to over 200 mills,
with an investment of $50, 900, 900 or
more OF phosphate rock the produc-
tion in 1891 was between coo, 900 and
ZOO, 600 tons, as compared with 266, 200
tons ten years ago.
EXPORTS
The value of exports from southern
ports in 1881 was 1851, 535, 401 and in
1891 $349, sol, 999, an increase of 500, 266,-
sos. The value from all other United
States ports was $576. 013, 726 in 1881 and
1920, 713, SOL in 1891, gain of s44, zoe, O75.
Not only did the south gain Sc per cent,
against an increase of only III per cent.
at all other ports, but the actual gain
by the former was 500, 266, 59S, as COM
pared with s44, 10000 by the latter.
Examining the banking business, it is
found that the south has $40 national
banks, with an aggregate capital of
S99, 0O5, 405, against 223, with a capital
of s45, O1O, 600 in 1881, the percentage of
gain being very much larger than in
the rest of the country.
That the advance has been general as
to states and as to all lines of progress
is conclusively shown by the assessed
value of property. In 1880 the total
assessed value of property in the south
ern states was 1913, 436, 095. BY 1891
this had increased to s4,S16, 500, 1896,
gain of 81, 900, OOO, 900. The average as
sessed value per capita in 1891 was
s271, while in 1880 it was S1S7. 1t
would only require the same rate of
gain per capita and the same rate of in
crease in population as during the last
ten years-and certainly these will be
maintained-to give the south total
assessed value of nearly IS, 500, 900, 900
ten years hence. The growth in manu-
features is illustrated by the fact that
the increase in capital invested in man
ufacturing in 1890 over 1880 was more
than the total capital invested in 1870.