The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-11-28
MONEY COMING SOUTH
NORTHERN CAPITAL N HIVES
TED ONLY WITH SUCCESSFUL
SOUTHERN MEN.
HOME FOLKS MUST SUCCEED.

And then They tract the Attention
OfNOrthern Capital Which Naturally
Turns 10 them--Any r own that wants
TO be Manufacturing Town Must
Make It's own Start NOneYed Men
Help those who Help Themselves.
From the Atlanta Constitution
In a talk with Mr.. D. A. Tompllins,
of Charlotte, n. c., who has done so
much to popularize cooperative cot
ton mills i'm the South and who has
been with the New England manufac-
turers in Atlanta, Constitution man
asked him:
Are we going to get any of these
cotton mill men to come down here
with us?"
This trip is not for the purpose of
determining any question about com
ing South. Some of them have been
South before. Many Of them have in
vestments in Southern cotton mills al
ready. The whole business of cotton
manufacture in the South has come 10
be of the greatest interest to the New
England mill men. This meeting Just
held in Atltnta and the visits of the
association to Charlotte and Column
bus has been the result of general
desire of the association to see for
themselves what are the present con-
dftions and future prospects. They
seem TO have been delighted with their
trip, not only on account of what they
have seen, but the social features of
the trip seemed to have made a very
pleasant impression on the minds of
the visitors.
will any of them make any. invest
ments that viii benefit the South?"
MANY of the members Of the party
are already investors i'm Southern en-
terprises. They are successful peO-
pie, which means that they are very
conservative and cautious people.
They are not going to build any mills
for the benefit of the man who has
the finest water power in the world
There has been mucR New England
money invested in the Carolnas and
Georgia in the past five to ten years.
The visit of this association viii tend
to make greater confidence and there
will undoubtedly be more investments
made from time to time.
What is necessary for our people to
| do to get the benefit of such capital
! as New England may be willing to in
vest in the South ?"
They must do enough ON their own
account TO command confidence of in
vestors in the ability and business
| judgment of those who are inviting
capital. In fact, most of the New Eng
land capital heretofore invested i'm the
South has been done with men who
had already succeeded on their own
account and were not particularly
soliciting capital. When money is
seeking investment it likes Il man who
is succeeding on his own account and
who seems capable of taking care of
himself with or without outside capt.
tai.
There is resource enough i'm anv or
binary Southern town to build q fair
sized factory. If home people do this
and make a success of it then the op-
portunity to get foreign capital win
be opened up. The successful mills
which are now attracting the attention
OF Northern people were built by
Southern capital. 1t is their success
which is interesting our Northern
friends and it is to those successful
men that Northern capital is naturally
offered. Any town that wants to be
a manufacturing town must make it's
own start"