The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-11-18
INVESTORS ARE NOT FRIGHTENED.


North Carolina is one of the Southern
States which has benefited largey by
emigration from the North and hy the
establishment Of manufacturing enter
prises. The security to life and properly
which existed in North Carolina no lon-
ser prevails. Every man who WAS shot
down on the streets of Wilmington will
keep 81 ,000. 900 Of capital away from the
State. Immigration Will be checked ana
the development Of the States resources
VIII halt A community cannot engage
III rihs and bloodshed and murder and
still remain a desirable home for iaen
who love order and for industries that de-
mand peaee.-Ph Philadelphia Press.
We venture To suggest that in the
above is found one reason for the frs of
fury that some Northern newspapers dis
played In some. Of course. the misren-
resentafion. exaggeration and insane
ranting was play to the galleries for
political effect. In other cases the malie
ners have found the source Of their in.
sniration in the growing Importance Of
this State as a commercial and manufac-
turing community
In one industry. the manufacture Of
cotton goods. the South, and North Caro-
lima in particular. Is already disputing
the supremacy of New England. To
snch an extern il this true that mann
facturers Of that section have been inn
portuning their representatives IN Con-
gress to secure some legislation. the Iimi-
tation Of the hours of labor being one
suggestion, that would cripple Southern
mills. AS an alternative these manufac-
turers have threatened to move their
plants nearer 10 the cotton fields
In other lines also this State has made
cerdifable beginnings. largely with tbr
help Of Northern capital The State Is
beginainG~to show signs Of the transfer
nation Of an almost purely agricultural
community into one Of varied industries.
The skilled laborer. formerly almost an
unknown quantity in the State. BY imni-
grafton and Development il becoming an
appreciable factor The old Illusion
carefully cherished and strongly main
tanned for many years by the Northern
press. that the lives and property Of
Northern citizens were unsafe III the
South has been largely dissipated By the
experiment and testimony Of Norfherners
themselves. Every year capitalists in
increasing numbers have visited the
State in search Of openings for profitable
investment and many found what they
sought As the press puts IT, North
Carolina il one Or the Southern States
that has benefited largely by emigration
from the North and BY The establishment
Of manufacturing enterprises"
No community can view with equanimi-
- the departure IT capitalists and the
withdrawal Of enterprises from its midst.
The feeling Ii all the stronger when the
capitalists and the enterprises go to trans
form What was before a good customer
into d competitor Self interest leads
many communities Of the North 10 regard
with nneasiness the development 81 the
South til manufactures and it II only
natural the journals which reflect the
sentiment ~ those communities should
epdeag0r to discourage capitalists who
contemplate investments IN the South.
~ the newspapers seeking handle
Tor this purpose The Wilmington occur.
Femee wis seized upon with avidity. Oh
eouFse ve ~ this State know that the
opposite Of what these papers represent
ii fYne: that property and life were
never more Secure III this State than al
present. II il happily true also that
whether FOR political on business reasons
the Northern press can not long abuse
the minds of Northern investors on this
point. Representations ~ 20 .iawless
mess ID the South are come to be- taken
cum grano by shrewa business men Of fh.
North. The reading public, too, u pretts
well advised. as 10 the true status Of ar
fairs ID this state before and after tht
reeent landslide.
We are ~ the opinion that 10 far from
every man shot down at Wilmington
keeping ~ 100000 away from tliis Stat
the ensuing year viii witness au unpreee
denfed number Of new industries II thl
press Of the State and file chambers D
commerce 81 the various cities will TAX
the proper steps.