The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-01-02
YEAR OF REGENERATION.
The Showing Made by The South for
1894 a Very Favorable One.

-. Forward Movem mt Possess d OF
mn. Elem snts Of Healthf Inc ss-A
e..s5v R establishment of Conf
acne. and a Solid Upb ailding OF Man
-e.o,nring Interests Characteristics Of
.h. Nv lvsmonth-N Early 800 Mors
v-.s-nris s Launched Than in 1893.
-,,,,frors. Jan. lin its annual review
.,u-hern conditions the Manufacturers
-.,-- saws. The Industrial situation
n ,hs south during the past year was
-ts-,e-erized by a steady re-establsh-
-.r- 81 confidence and a slow but solid
..-tr15irg of manufacturing interests.
p--ys,lrg conditions during the year
have I'D. encouraged unusual develop
mont and the general tendency has been
p, follow d conservative policy. The year
carried over as a legacy many Of the adj
,.-ss conditions which were features of
-rs previous year. Legislative problems
ut national moment hung in uncertainty
curing the greater portion Of the year
The uauicky feeling Of the two previous
Years occasionally made its influence
fsu. and the attitude Of foreign investors
-ouar5 American securities continued as
depressing factor.
THE year has more been period of
cooperative than OF progress, yet there
has been q forward movement, which
conceived with couuOusness and a liberal
arrH-au0n Of business principles. pos
s-s.ed all the elements OF healthfulness.
l-spitalsts have been slow to foster new
srrerurises and only those enlisted their
support whose environments have offered
The most encouraging and legitimate pros
u-ets The investor became an inVesti-
gator during the year, and well planned
Industries benefited thereby. Enduring
GOOD resulted to the south from this
movement, and its significance is already
shown by a wider and more personal
acquaintance of the investing public with
its resources.
THE record of progress made during
he year evidences a well defined prefer
ence for southern investments and re-
sf,ts d more general existence of favor
able Impressions tnat with the presence
Of the fun restoration of confidence in
The business world will influence a con-
slarable tide of capital toward southern
channels. and as the aspect Of things for
III. new year are more cheerful than those
which ushered in 1894 il 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 jh- controlling part their capital and
enterprise played in the advancement
made during 1894.
Nearly coo more enterprises were es-
tG5ishad in the south during 1894 than
10 the preceding year. the total number
being 2 500, as against 229S for 1873.
q cot h. T.rH
nea factories during the year has been
r1e am To establish a class of Industries
that VII retain at home trade heretofore
suppl ID from distant points. These new
industries have also been characterized
ly the adoption OF modern machinery and
the employment of skilled labor and i'm
proved methods. The am has been not
only TO successfully provide for the home
and ne-ehbor-ns trade. but to invade dis
tant markets for Their patronage. This
is Illustrated IN many lines of industry,
particularly in the building Of machinery
Soulhern-made machinery Is now found
in many northern and western factories
and figures to some extent in international
trade. southern -four is exported to Eu-
rope % large cons gnments and is winning
extended popularity at home The pro-
ducts o. The south's stove foundr.es. can
hhs factories. carriage and woodworking
factories, ETC., are, as WELL making repu-
tat ons at home and abroad Broad
suaseI business methods are winning sue
cess for southern manufacturers and en-
HANGING the prestige of southern indus
tres.
Comparing the year just closed with
l' the statistics gathered by the Man
Wac-ulers Record show the following in
'Teases; Railroad mileage from 2O.612
miles in 1850 to 1890 in 1884; annual yield
q cotton, bales. $4,000 to $500, GOO; annual
seld of gram, bushels, 431 COO 900 to Co.,
.A0, coal mined annually, tons, 6.0i9,-
7" TO 5ltpooJ; annual pig iron production,
IONS 5sHS1 TO 1850, 600; number of cotton
A-is IN operation, l61 to 425; number of
sFAlles. $4,000 to 30O0,0O0; number of
ooAs. li'523 10 $1,000; capital invested in
cotton mills S2l.o3S 7l2 to S107, 800, 900; num-
YET Of cotton OIL mills, 40 to 300; capital
invested IN same, S3,5O4,0 900 to $4,000 900;
lumber dressed, value of product, Si6,-
SH"y TO Sll4,746674; capital invested, S26.-
80 10 S92, 60i,S75; farm assets, 81, 314.0OO
~ @1e-'0N; value of farm products, $685.
-.'9' 10 SS50,00000O; capital invested in
ISinuIactur.ng, $257.244,56l to $500 900 900;
,eIue Of manufactured products, 1851, 454,-
q" TO Sl00Oo00,000"