The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-03-27
THE NEWS OBSERVER FRIDAY MORNING. MARCH 81 1896

should build the worlds grandest home
where it will harmonic with Natures
greatest handiwork. What wonder
that Col Mcclure should pause long
enough at our capital city TO sing our
praises; and what wonder that the
Cones should bring themselves and
their extensive interests to one of the
best little cities in the best State OF
this great Union Of great States,
Greensboro has few times dressed
herself up I'm buoyant attire and
threatened to 90 on industrial dress
parade. and now she is about to well
come in Mr. Cone, a man who controls
vast sums OF money, a man acllnowl-
edged as an authority on finance and
commerce, q man of unbounded en-
ergy and patriotism and of unlimited
means.
Greensboro. geographically and
otherwise, has many advantages over
any other town in the State. Tt is
within speaking distance of New York;
it is the railroad center of the State
and is capable Of supplying super
abundance Of skilled and good labor
in all industrial enterprises She en-
ioys the best railroad facilities, the
cheapest fuel, the best labor and the
best climate Of any city in the Southern
States, and there is but one and only
one thing that She needs, and that IS,
capital.
/ have heard it said that if you de-
sired to see almost any prominent man
in the State and didn't know just where
to find him. if you would go to Greens
boro and stop just twenty-four hours,
YOU would most likely stumble up
against him. This COMES from the fact
that it is a sort of gate way between
the East and the West and from the
North to the South, which makes it the
centre for a change of cars, for an eN~
change of greetings, and for a general
mingling of moving men and women.
These things make the noted little
City of Flowers an attractive place TO
visit or to live in, and these things
are every day attracting new sojourn-
ers and citizens TO the town. 1t was
these things, together with numerous
other attractions and advantages that
attracted the Cones and prompted
them to invest in a very large and val
liable estate of about 1000
acres lying along the northern
border of the town, anarea OF conyen-
lent and valuable property, with ample
room for many extensive and profit
able Industries. On this property is
built already the great plant OF the
| Southern Finishing and Warehouse
Company, the only fully equipped and
exclusive finishing plant in the
| South Here is also the Proxi-
| nifty Cotton Mills, one of the largest
cotton mill plants in the State. 1t is
here, too, that the Revolution Cotton
Mills, another extensive plant, is soon
TO be erected. These industries, and
| numerous others that are in the minds
and plans of Messrs. Moses II. and
Caesar Cone, and their co-woFkers, are
destined within few years to thickly
people this new section Of Greensboro,
aud thereby double the population
and business of the thrifty city. Nor
have the good results Of the coming
Of the Cones to Greensboro been con-
fined to any one section of the town.
IT has not been a year yet since the
Messrs Cone made such extensive i'm
vestmenfs in the town, but already
number of manufacturing and other
business enterprises have been estab-
lished. The Hucomuga Cotton Mills
have been completed, thoroughly equip
ped with new machinery and put in OPP
Grafton. Two wholesale mercantile es-
adjustments have been inaugurated
and are now open for business, and
an enterprise is on foot which will re-
quire not less than a million dollars
to complete and which will employ
from $500 to 1000 hands, and
III seems that the hopes and
plans for this will surely materialize.
These, with the Proximity mills, the
| Revolution mills, the Hucomuga mills,
the furnishing works and sew
eral other important industries
are the towns business dividends that
it is receiving as a result OF the large
| investments made here by these enter
prising gentlemen.
It is difficult to estimate the good
that results to a progressive communi-
| ty from the coming into their midst OF
new men and new money.
it seems that a boom is about
| to follow the establishment
| of these industries, and the extern
| sive purchases of property by the
| Cones, but no boom is desired by them.
| They did not come to greensboro for
| the purpose Of promoting and encour-
| aging inflated values on real estate.
| They came after carefully con
| sidering the advantages, and
| they invested because they believed
| that by practical and systematic devel-
| opments, fair and legitimate profits
could be obtained, and they are back
ing their judgment by large invest
ments of their own dollars in the build
ing Of industries.
Mr.. Moses II. Cone, the president of
the Cone Export and Commission Com
pany, has demonstrated his ability to
| successfully manage business under
takings OF great magnitude. He is a
brilliant, sagacious, conservative and
successful man of affairs, and has a
corps of assistants full of energy and
business attainments He has directly
and indirectly largely benefited the
industrial interests of our State, and
the State reioices in having him with