New-York tribune., 1896-01-01
BUILDING UP THE SOUTH.
THE YEAR 1895 ONE OF MARVELLOUS
PROGRESS
SHARE OF THE ATLANTA EXPOSITION IN QUICK
ENING BUSINESS ACT1vfTY-CoTToN MILLS
WITH ABOUT 100000 sPINDLEs EsTAB-
IIsHED-GROwTH OF THE IRON

LIsHED-GROwTH OF THE IRON
AND COAL INDUSTRIES.
baltimore. Dec. 31-The business progress of the
South during the last year and the prospects Tor
1896 are summarized by r. H. Edmonds. the Editor
of THE Manufacturers Record as follows;
The year Just ended has been one which for all
time to come will noted in the records OF South
ern progress as one Of the most important periods
In the business history OF the South. 1t has been
year Of marvellous achievement 1t was a year
free from speculative activity and year In which
there was no hurrah or booming business seen IN
any part Of the South but In all this great territory
there has been a solid. substantial foundation laid
greater growth than ever before seen In the
South IL not in any other part of the country.
Standing out conspicuously in history will be the
Atlanta Exposition and the results which must
necessarily follow from that undertaking. The
greatest good from the Exposition Will be the
stimulation into increased activity OF the people
of the entire South. Quickened into a liveler rea-
zation of the unequalled opportunities which their
section affords. stimulated by what has been accom-
plished In Atlanta and elsewhere, the effect OF the
Exposition will be to double, possibly quadruple.
the aggregate energy displayed In the active up
building of the whole South by the people of the
South. The broadening influence of such an Expos-
ton upon the people of this section the educational
effect which 1t has already had. cannot be meas
ured. 1t marks not simply new period from whch
the industrial history OF the South must henceforth
date, but II marks new period IN q spirit
of patriotism for the entire lana
Possibly the most important occurrence In the
Industrial history of the South for many years was
the recent award to Southern shipbuilding con-
cern OF a contract for two battle-ships TO cost
A,5O0OoO. Nothing which has occurred, excepting
the Atlanta Exposition. has more fully emphasized
the growing power OF the South In the business IN
terests OF the country. The Newport News shipyard
now has hand aggregate OF over $0W,oN
worth of work-an amount which might justly be
regarded as of great magnitude for even such n
concern the Cramp Shipbudlns Company.
The revival of the iron business during 1895 put
into operation many idle furnaces. made heavy
increase in The output OF coal and iron and at
the OF the year the production OF iron and the
output OF coal are at heavier rate than at any
former time in the history OF the South. With all
Of its iron and kindred interests on basis nov
acknowledged throughout the world OF the mos;
solid and enduring character. the future Of these
industries In the South Is far promising than
during the boom period OF a few years past. wher
the world at large had not comprehended the magnl-
tude and the solidy Of the meallurgical interests
OF the South. At the close of the year arrangements
are completed for blowing in several other
furnaces which have been undergoing repairs and
In the early part OF the year the already heavy
production OF iron In the South Will be materially
Increased.
nomenal The aggregate number OF spin1es for
rev mills undertaken during the year and for en-
about million, or. probably twice as great as
ever before recorded in one year. During the year
the Souths pre-eminent advantages for this indus
try were for the first time fully and completely
admitted by the foremost textile authorities OF tho
world In round numbers the South has now, IN
Guiding mills In operation and those under con-
structlon. for which the money has been raised.
about four millions spinflcs In sight all Of which
will be In full operation before the close OF the
present crop year.
The tide Of population which for year more
has been slowly turning southwark. has swcllet
during the last twelve months 10 great magnitude.
Throughout the North ard West thousands of pco-
PIE turning southwark. and the outlook ndi-
within the few years many
settlers from outside will into the South
- into the Northwest fifteen twenty years
ago. when that country was being opened up to
civilization.
Tho old year has wiped many OF the OF
the business disasters following the panic. IL has
cleared away much Of the uncertainty OF the past
and given to the South an opportunity to demon
strate the world the Inherent soundrcss Of all
It's business interests. and 10 prove. and have this
proof everywhere accepted that no othc: section
OF this any other land offers such phenomenally
favorable conditions for the support OF a great
population the development of Industrial Interests
and the creation OF wealth. In bricf. such has been
the record OF 1885 The year opens with every
assurance that. despite the uncertainty which
OF the Venezuelan situation. the South AZ least VIII
move steadily forward and In lS96 VIII show even
greater Advancement than It's record for Is'.