Evening star., 1896-10-23
IN THE SOUTH
One Thing That is Strengthening
Sound Money Sentiment.
MORE CAPITAL FOR INVESTMENT
States That Contribute to the Re-
suit Will Be Benefited.
A DEM OCRAT'S VIEWS

An assurance which is greatly strength
ening the sound money cause in the south
and notably in the border states-bears
upon the material benefit to that section
certain to follow the polling there OF a
large sound money vote. Virtue Is its
own reward, but something besides the
conseiousl ess of having declared for the
maintenance of the public credit is to
come to those states which demonstrate the
possession of healthy business sentiment
at this time. Their credit is TO be ad-
vanced, and their industries, new and old
are to be in every way assisted. In d
word, their vote fer sound money is tO
be the beacon light to attract capital from
distance.
Capital is Wise.
The argument upon which this assur-
ance Is founded is irrefutable. Capital is
not only sensitive. but rule very wise.
1t knows its friends. 1t sometimes en-
counters difficulties, but 1T never seeks
any 1t is constantly on the alert for in
vestments but 1t wants tt EN- to be safe.
1t is controlled by the laws of business.
and when those laws are respected il goes.
When they are set aside or but lightly re-
garded, 1t remains away. or leaves, If Il
happens to be on the ground. Capital
cares noting about how attractive or
blameless on purely personal grounds po-
advocate are in contravention of we'll es-
tablished laws of business. capital de-
clines to put itself in their power. 1t does
not feel safe when they make and con-
troll public sentiment.
Gov. Oates Turned Down.
Gov. Oates of Alabama recently discov-
cred the truth of all this. He went to New
York to negotiate for money for his state,
but was unable to secure any. The men
with money, who in other circumstances
would have been glad to accommodate him,
felt obliged to tell him that they were
afraid to place their money In state
where the sentiment of the majority IA
vored a ffty-three-cent dollar. They de-
clined his proposition purely on business
grounds They must know before putting
out their money that they would receive It
back in value the same as when it left
them.
In staAss like Maryland West Virginia,
Virginia. Delaware. Missouri and Kentucky
invitation to capital is growing more and
more tempting all the time. They are get
ting to be great mining and manufacturing
states Their growth in the last decade
has been surprising. But, enormous are
their resources, that what has been done,
gratifying as 1t Is. has simply served to
snow how great the opportunities presented
are But of course the full development
OF those resource es calls for business conf
derce and stability and the prevalence of
a sound local business sentiment. If the
existence of such sentiment there is ex-
hlDited next month, the material interests
or those states, there is every reason to
believe. will be greatly advanced. But If,
on the other hand, states. with so much to
expect from the business world go against
tne pialnest dictates of business sagaclty
tney may be sure Of paying a heavy pen
atty for it in the markets seeking openings
for their surplus capital
One Democrats Views.
In a conversation with representative
OF The Star today. prominent man, a
democrat, from one Of the states named
said:
If sound money wins next month. as
now seems certain, and three or four south
ern states help to achieve the triumph. 1t
VIII De blessing of incalculable benefit to
all tne south. but particularly to the states
assisting Their flag will go up for public.
as Wen as private, integrity, for business
sense. se. as well as patriotic sentiment, and
.ney Will forge ahead like swift horses in
the home stretch" "