The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1895-01-09

tor during the year and we'll planned
idustries benefited thereby Endnr
ing good resulted to the South from
this movement and its significance is
| already shown by wider and more
personal acquaintance of the invest
ing public with its resources The
record of progress made during the
year evidences well defined pre-
ference for Southern investment and
reflects more general existence of
favorable impression, that, with the
full restoration of confidence in the
business world will influence a tide of
capital towards Southern channels
and as the aspects of things for the
new year are more cheerful than
those which ushered in 1894, it is a
perfectly reasonable deduction to look
for greater prosperity and greater
progress in 1895 The faith Of
Southern men in the future of this
section gains new emphasis from a
study Of the controlling part through
capita aud enterprise placed in the
advancement made during 1884.
Nearly 600 more enterprises we've
established in the South during 1894
than in the preceding year. the total
number being 2,S29 as against 1888
for 1893. A pronounced fsature in
the building Of pew factories during
the year has been the aim to establish
class of industries that will retain
at home trade heretofore supplied
from distant points.
These new industries have also
been characterized by the adoption of
modern machinery and the employ.
ment of skilled labor and improved
methods The aim has been not only
to successfully provide for the home
neighboring trade, but to invade dis
tant markets tor their patronage
This is illustrated in many lines of
industry, particularly in the hulldiH5
of machinery Southern made ma
chinery is now found in Northern
aud Western factories, and figures to
some extent in international tra;'e
Southern -four is exported to Europe
in large consignments, and is winning
extended popularity at home. The
products Of the Southern stove foun-
deries, canning factories, carriage
and wood working factories, etc are
as well making regulations at home
and abroad. Broad guaged business
methods are winning success for
Southern manufacturers and enhanc-
ing the prestige Of Southern indus
tries
Comparing the year just closed
with 1880, the statistics gathered
by the Manufacturers Record show
the following increases
Railroad mileage. from 2e,6l2
in 1880 to 5000 in 1894; annual
weld of cotton, bales, 5,755,O0O to
100000; annual yield of grain,
bushels, 43l 900, 900 to 60o.000,00 !;
coal mined annually, tons, 6,049,O0o
to 80, 900, 900; annual pig iron pro-
duction, tous, 397 ,30l to 1860, 900 !;
number of cotton mills in operation,
161 10 425; number Of splndles,
661 900 to 3,000,0oo number OF
looms, 1923 to 6s 90; capital in
vested in cotton mills, s2l, ,074,712
to S1O7 ,909, 900 numl."r of cotton oil
mills, 40 to 800; capital invested in
same, s3,5o4,ooo to $4,000, 900.
Lumter dressed, value of product,
s46,o3S,loO to s114,746,674; capital
inves:ed, s26, ,902,644 to s92,
374; farm assets, S2,3l4,0oO,OOO to
s3,lS2,0 600; value of farms pro.
ducts, s666, 100000 to sS05. 100000;
capital invested in manufacturing,
S2577 ,244 SCI to $500, 900. 600; value
of manufactured products, S457 ,534,
III to ST 900, 100000.