The times. [volume] (Richmond, Va.) 1890-1903, 1895-11-24
THE SOTTTf'S fDJ8NIA"IS-
why She il Destined 10 iead Ne" Ing
Land I'm Cotton Manufacture.

AUGUSTA, GA, Nov. 2'.-lhe SnFon'e''
tomorrow will publish an Interesting IN
teryiew with Mr.. +. Il. DeDeraru' Oh the
New York Dry-Goods Economist among
OtLer things, ne says. ,ea - .,ocr,c,
.sff an the cotton produced IN Ailrtlca 1t
rearhc-l fhe consumer by the most dlrect
routes. the average cost OF ti@lsio l,li, "a ear
ton would be about ohe.n",. ebs,,t
pound. The consumer no" TO- ro,srd
one and onc-fOurth ccnts ~ p,. pc-u
Freight charges on every pothu vi 'otto4
goods no uses. Ihree-iouIliia ,.,,l o. ny. r@l
cost OF transportation ~ td i,,i'', 80,
cause il is moving the raw may. i"i a, ~ ''s
from the centres Of CONSUMPTION 'i'7'''u
Of towards them. c.a.os ,ro1-,co
neither cotton nor iuel. ,Is,sr fmei fdn
fh,ir cotton 2eoy miles ana ule'. LUZ, ~,
IN ana thev transport bouh away
from their final destination lhsteau Vi
49, he consumer pays the freight;
H., Nl4 - Tor narrying the raw material
ana The fuel far away; and ne pays IOI
bringing u back. ..
.,,,evertboless. this abnormal transpor-
tafiou tax may not be an ccohoniiJ "a1s.o' "-'
,rnorc are many elements OF cost IN man man
q, ,,fs@+tred rrolucts and some or Ihtm
may be relatively 50 low as 20 cvl'De"-
eate for those that are eXcesslse' r.,,.
''New England pays Gear ue'i,,,.,or,sate no., for
.,-.s. zoo roqt Of these factors, Il must
have some exceptional advantages; - IL
ravs more for its transloi "a lloil' - ~ 80 ~
nav loss for labor may be superior III
eihi Am management in equipment IN
.ig m nav more than the South for some
Things Ii may pay less than ihe Sou'l
',i.,f"rbino for machine, Il may turn out
moro rro.iuct than the South. Operative
for operative. st may produce more ''""
''.s..y Yard ard for yard and pound for Dound.
,fc-y tsrgland'e cotton goods must cost
Ice than tie SOutl's If II continues 10
maintain its ground. .-..,, ,,., loss
"lf New England cotton goods cost less
than southern cotton GOODS IL must ~
becauee New England gets more OUT or
its machinery aua work people thah We ne
South gets. If it does not 90 ~ '''' nm
product costs more. its DAYS are NUM-
borad and the end IS not distant.
'"That the South entering upon n NV
era OF wonderful prosperity can haiuiS
De doubted by the uhuias,u ...,.....'. 49,
A CHANGE OF CONDITIONS.
"a few wears ago New England had no
rival in the manufacture Of cotton goods.
..practlcailv the whole American incus-
fry, was hers with startling rapidity mo
south has developed into a torm'laDie
..Vitb no competitors New England was
undor no disadVaa.agcs. With the Soutn
as competitor M n-igral 9lsauNali'e,t - >
count against her sf1f iull i9Ice. ne
natural advantages ott with the Soutn.
most of the artificial -sAvantages are with
New Englnd. Which set Of forces are
the most powerful
"These opnosing forces spoken OF ae0VG ,sS',
as artificial advantage are pieiIuI vi
/ capital hiahly-dcvelopcd skill, varied de-
/ veiopment capable manage mont an OF
| these New England has ln abuhdaHce'
but she cannot prevent their Tree hiis'"
"They are all the creatures OF oppor-
tinitv. and IL the South offers the oppor-
| tunity. capital and skill VIII go South
| and quickly create the varied develop
"This IS not mere theory; IT IS plain
/ statement OF what IS actually happening
every day and with daily-groWing mo-
| mentum II is the bare truth that the
/ South to-day has better mills than the
/ North. They are the product Of the best
engineering skill obtainable and I'm every
/ detail In construction and arrangement
are of the highest and most scientific
" INVESTMENT AND EARNINGS
"With less capital invested. they have
| greater earning power than iheir northern
aThe test Of the relative skill employed
| is the quality and quantity of output. In
| the comparison OF similar grades the out
/ put of the best southern mills SIS fully "a
/ that of the best northern mills. Finally.
] 1t is of a much higher quality than north
] eru product
"As 10 capital. hardly leading south
! ern mill but numbers among lis stock
/ holders many northern investors. South
/ eru energy southern capacity. ana husi-
/ ness shrcwdness have been the organiz-
! Ing forces They have shown that south
/ ern men have all the qualities neeQtul
/ 10 command success. ana can. without
/ foreign aid. develop "a great opportunity
! until 30 becomes great success. Upon
/ the foundation laid by southern men sa-
| gdcious northern capitalists nave AIDED
to build "reai superstructure. confident
| i'm its uTmnDSs.