Birmingham age-herald., 1895-04-25

North Carolina that is being taken up and that state is feeling the effect of northern capital and immigration. Land is selling there from $10 to $15 per acre.
 sThe gulf coast of Florida has re- ceiyed the greatest attention think. J. M. Flagler, the Standard oil magnate, a man worth 0,000, ,000, has recently in- vested $8,000,000 in eastern Florida. He has built the Indian River railroad to Palm Beach, which is $50 miles south of St. Augustine. The Biscayne Bay coun- try, south of Palm Beach, is also at tracting attention, and the railroad will likely be extended down there this sum- mer. That whole section of country is being rapidly developed.
 George B. Swift and Col George R. Davis have pineapple plantations at Palm Beach. This is the most profitable fruit raising in the south. The land costs from s to $50 per acre and it will cost $100 an acre more to clear 1t and put it in pine apples. The crop brings a profit of $500 per acre.
 There is a great deal in the south that the north can develop. It needs northern enterprise as well as northern capital, and is making strong effort to secure them"
 R. J. Street, cashier of the First Ma tional bank, said:
 Southern transactions in Chicago are growing in importance. Business Is bet ter in the south than ever before, and
 
 Makes Business for Chicago.
 "Southern banks would like to have an outlet here for cotton bills. Under pres ent conditions most of them go to New York, but Chicago is gaining in this line of business. The railroads could and should do more to help the south in this particular I know of one large cotton grower who recently sought to do busi- ness with the Chicago banks, but went to New York instead, because the express rate on currency was 10 cents higher on 5000 from Chicago than from New York. The lumber interest is attracting capital from this section, and 1t is trade that will grow in importance. Texas is a great. state and is growing fast Two years ago we scarcely had bank &C., count in the south. Now Texas Florida and Louisiana all have good accounts"
 John B. Lyons and his associates in Chicago have recently invested $250.000 in lands between Ocean Springs, Miss, and Mobile, Ala, along the gulf coast. MT. Lyons has recently returned from a southern trip, and says:
 q have been investing money in the south for several years, during which time the immigration to Mississippi and Alabama has been increasing. It is greater this year than ever. l met many northern men on my recent trip in the south who are looking for investments, and they tell me that the south is the most attractive field for money invest ment they have found this year..
 One of the heaviest of recent invest ments on the gulf coast has been made by a syndicate headed by William Clark, the thread manufacturer. This syndicate has located the headquarters of its manager in Chicago. It has in- vested $40000 900 in lands, railroads and steamship lines It is the owner of the railroad from Tallahassee to Carrabelle, and George F. Montgomery, one of the syndicates representatives in Chicago, says the road will be extended to Thom- asville, Ga., within few months.
 This syndicate, as in the case of John M. Flagler, opened up practically new country. In order to develop 1t railroads sections with railroad centers-
 Almost all of the southern states have recently organized immigration bureaus and are sending out attractive literature to the far western states, and some of it to the nearer northwest. Kentucky and Alabama have been particularly &C., tive in this work. The inducements of- fered settlers are in some cases alluring. There is one large company operating in southeastern Mississippi which offers intending settlers railroad transporta- tion and moderate section of land upon payment of $5 cash and 50 cents per set forth that strawberries can be raised in that section and placed on the Chi cago market fifteen days ahead of Cali fornia and ten days ahead of Florida.
 The manager of the Southern Land company with headquarters in Chicago, says the demand for homes in the south was never so great Recently large number of families have been located in Arkansas east of Little Rock.