The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-11-05
The Road TO Prosperity.

Reliable adviceS from New England
make il certain that within the next
twelve months several large companies
IN thar section viii build cotton mills in
the Caroiinas and in Georgia. The
southern mill owners have been con
templIting change Of base FOR some
time. They complain that with their
expensive Labor system. high priced
fuel. frequent strikes. TemoiencSS from
the locality where the raw material is
produced. and other disadvantages. that
they can no longer compete probably
with the southern mills.
During a financial depression OF two
years 81 Is wclilknown fact. conceded
10y Ill. that the south mas wcathered
the storm better than any other sec
ton. Il is also well known that the
cotton min Industry more than held its
own during the hard times. and that
the southern mills have yielded better
dividends than the northern mills can
boast 81. even in Prosperous times.
Moreover. il i fact that in spite Of
hard times we have gone right ahead
AMI built numerous new mills in half
dozen southern STATES.
Eastern capitalists are quick TO recog-
ME thc possibilities of such promising
situation. ana with their usual business
Judgment they have come 70 the con
cluslon that the south is tie great tut
IRE field of cotton manufacturing. and
they have made up their minds to take
advantage OF IT,
II Is Ia hc hoped that our people viii
lose ~ time in waking up TO the real
significance of this movement. II they
viii grasp it and makes the most Of it
IA II VIII emIncipatn ~ III, .t- apple
{ from the ihraldom Of Liverpool AMI
Manchester and be able 10 control lis
price for al time to come.
Liverpool and Manchester fix The price
Of cur cotton because they manufacture
q lar-e percentage of cur output ana
especially in the markets of Asia While
sell their fabrics an over the world and
1hcy control - many markets. and pur-
chase orr raw material, they viii. Of
course. resort In every possible device
10 keep the price Of cotton down. The
way to reverse this state of affairs is
L. Manufacture oar entire cotton pro-
duc. here at home in sight Of the fields
where the staple is produced. That we
Il. 80 ssrHF &
b. the profitable operations of our mills
In tL- longest anJ greatest financial de-
preston of thc century. When We man
ufacure every pound ~ our cotton Eng
land wiiI Lavc To- buy our fabrics and
the great markets in China. Japan and
India which a.c now under her control
VIII have Jo 70, Supplied direct from this
country.
Under such conditions IT. viii be NJ
Te-ly impossible for outsiders To fix
tho price 80 American cotton. Liverpool
viii lavc uu more control over our STAPLE
than Nrw York has over the coffee crop
u Brazil
II is no longer iH order 10 ask whether
Il Is practicable for the south 10 IN
dCriakc o. Manufacture her entire cot
ton output. That question is settled
The Increasing number of southern
mills. and their successful rivalry with
the uorthcru mills. together with the
southwark movement Of the eastern
mills. should convince even the most
doubtful that the building up of this
industry win be the material salvation
OF the south.
We can get all the capital that will
b. needed Millions Of dollars will be
invested here 10y outsiders in the next
few months. and il we 20 about it in
the right way we can raise enough home
capital To build a mill in every cotton
growing county in the south that enjoys
respectable transportation facilities. Mr..
y. 1. TompkinS. of Charlotte. has shown
how the building and loan idea may be
utilized in organizing companies and
raising funds 10 start cotton factories.
IT is possible in every community to or
Eanize company on this plan, with
stockholders Who will pay in from 81
a week upward. Farmers. merchants
and wage earners viii all be able to
takc stock in such enterprises. and the
general adoption Of the plan viii in a
few wears build sufficient number OF
mills 10 consume our whole annual
product.
When we do this-the south will be the
mistress of the situation. She viii then
take from England her markets in Asia,
and sell her fabrics TO millions of Gus
toners in that quarter Of the globe. as
well rs to the Europeans. When that
day comes il will be- beyond tse power
OF any outside combination to affect