The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-04-23
PoPULIST VAGARIEs PASSING.
HERBERT ON THE ANTI-CORPORA-
TION CRAZE AS AN EVIL.

The South Naturally Conservative
and As Soon as the Inherent sound
ness of Its Principles Is Appreci-
nted IL VIII Become the Custom In
Financial Circles TO Favor south
ern Securities-Industrfa Enter
prises of the Past Week.
Baltimore, Md, April 22.-The Manu-
facturers' Record publishes this week an
interview with ex-Secretary OF the Navy
Herbert, in which he takes the ground
that as soon as the conservatism of the
southern people and the inherent sound
ness Of their principles shall be made suf-
iciently widely known, II will become the
custom In financial circles to favor south
ern securities. He bases his idea of the
conservatism of the south upon the fact
that population of unmixed Anglo-Sax-
onism has been trained under common
law institutions to regard precedent and
to venerate law and order and justice. He
admits that there has been in the south
some of the anti-corporation craze. but
from his standpoint, which is exception
ally good for obtaining a broad view OF
existing conditions, he sees passing of
the evil, and he predicts that it can never
live long enough or become sufficiently
vigorous to do any real damage in a south
ern atmosphere. The age of machinery
and large enterprises he is convinced is
leading southerners to appreciate the adj
vantages of associating labor and capital
in corporate enterprises for the utilization
of inventions, and that the day is not far
distant when the politician of the south.
who INDUCES in wholesale and indiscrim-
mate abuse of corporations will be put
down as an enemy to the best interests
of his country.
He said: 1T would be worth many mill
ions Of dollors for the souths future devel-
opment II our people should right now
take the lead in manifesting a spirit Of
fairness toward the railroads, as they
have every encouragement for doing by
reason of the fact that most OF our rail-
roads are managed on such liberal lines
as to deserve popular cooperation, hav-
Ing as rule voluntarily adopted policies
of respect for the public rights and caleu-
lated TO promote the public's welfare"
In the industrial announcement for the
week noted by the Manufacturers Record
there are included quite a large number
OF important manufacturing enterprises
the most notable being the following: A
100000 improvement company at Elba,
Ala; plans and specifications now ready
for tho proposed 32,000-spindle and 1000
loom cotton mill at Birmingham; contract
awarded at Little Rock for 800, 900 COM
press; $4,000 steamship company at st.
Augustine; 100000 cotton mill company at
Poulan, Ga; 100000 electric plant COM
pany at Savannah; $4,000 printing
company at Macon; 100000 company
at Atlanta, Ga, to manufacture BIZ
cycle tires; gas company at Louisville.
KY, proposes expanding 100000 on inn
provements; ship yards at New Orleans
to make extensive additions; 50, 100000 COM
pany at New Orleans TO complete the sew
or system; $4,000 mineral water company.
also at New Orleans; 5000 creamery conn
pany, 5000 clothing factory, S25O,0OO tin
ware manufacturing company and straw
goods factory In Maryland; $500 900 copper
mining company In North Carolina: go
OOO publishing company and $4,000 ware
house company In South Carolina; water
works and bridge in Tennessee; $4,000 min
company, $1,000 gin company, large grain
elevator, mattress factory, 10000 prfnt
ing company, $500 glove company. so 00o
telephone company and large fourinr
mills In Texas; large -four mill, telephone
company, wall paper mills and gate fac
tory IN Virginia; a seventy-oven coke
plant and a $1,000 coal mining company M
West Virginia.