The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1899-10-04


out any serious drawback and without
any danger to the best interests Of the
whole South. 1t simply means that a
good many millions of dollars, all OF
which, we are informed, has been
guaranteed by the foremost ~6rauciers
OF New York, will be put into South
ern mills, and thus turn loose that
mount OF local capital now invested ia
these mills, increasing to that extent
he available money of the South.
Take Augusta, Ca, for instance, and
suppose that So, 000,O 900 of outside
money should be put into the mills of
thai city. This would simply release
the 100000 OF capital thus supplant-
ed, which would mean q wonderful adj
dltlon TO the wealth OF that place.
And so 1t would be elsewhere. More
over, q combination of this kind,
backe by vast capital, could build
many new mills, enlarge those pur-
chased and push the product of it's
mills into all foreign markets. The
scheme seems to be one OF vast benefit
to the South, and, so far as the Manu-.
~facturers' Record can learn, the men
who are behind 1t nave not heretofore
been investors to any large extent in
the south This vast enterprise,
which, 1t Is thought, may run up to
from $50, OOC, 900 to 800, GOO, 600, will
mean u deep interest in the South by
the foremost hnanclers of the country.
1t Will probably mean the full turning
OF the tide OF capital southwark, and
It's influence must be felt in every line
OF business.
In q recent issue Of the Manufactu.
rers Record 1t was stated that the real
battles OF the world today are the bat
Ties Tor industrial supremacy, and t. at
IL the South wants to gain power it
must DO SO on the field OF economic pro.
ouctlon. Nature has given us the van
background, and II rests with us to saw
whether or not we shall fight with the
cd muzzle' loader against those who
use the hrag-Jorgensen or the Mauser
or, liz other words, whether we will az
here to the methods and traditions of
the past simply out OF veneration for
what our forefathers did, or whether
we will use modern methods, As the
hrag,,Jorgensen has supplanted the old
muZZle-loader 80 modern machiner,
mas displaced old systems. The com
olnatlon OF capital or OF industries /.
simply the moder machinery for doine
business 1t Is the repeating riff,
against the muZZle-loader, and unles,
the South falls into line and eouips It
sell, Its natural &C advantages will coun
lor put little. in q late number OF Gas
sler's Magazine Mr.. Charles II. Flint
one OF the foremost business men ant
hnanciers of Now York, In discussir,
Industrial Organizations" said
/, Inc wars of today are industrial
wars wealth Is secured by production
instead OF by plumber; diplomats de
vote most OF their time to studyin,
trade conditions for,the benefit OF thei
nome industries, and the most favore,
Ulo2JloA ara fhOan Of -
commerce. We might as well expec
, 10 win the Industrial battles OF toda
: by Ola methods as to expect victor,
, Win ora types OF war vessels, name,
by men who, as Joe Jefferson said
mao never a any rehearsals," q
against those modern combinations @
, steel, electricity, powder and dynamit,
andied by men who had rehearsed.
Tho time has gone by when it i
necessary TO argue rs to the right t
exist OF large aggregations of capita
Tor the purpose Of industrial develor
. ment. Every great movement in til
e worlds progress has been opposed
hlachlnery has done moro to bencti
lanor IMAM all tho acts Of reformer
ara governments, yet originally tn
class most benefited cndeavoreI to pre
= vent its use.
The introduction OF fast coaches /
Hreat britain was opposed to such a
e extent that petitions we're p~resen,e
to the King and council, asking that n
public coach be permitted to go mo
ina thirty miles a day. Macaulay, |
commenting on this historic feet, wa
prophetic when he wrote We smiI
a at these things. 1t Is not impossibl
; that our descendants, when they req
the opposition offered by cupidity an
: prejudice to tho Improvement OF tn
b nineteenth century, may smile in the!
: turn"
Mr.. Flint was writing Of tho impo,
taEce OF industrial combinations /
: aiding the United States to develo
i. our manufacturing interests and t
gain foreign markets, and If this b
, true, as 1t surely is, for the country a
large, how much moro important is
Tor the South to appreciate the need c
+ these new methods. Unless the Sout
follow n worlds lead in industrial
!. combination 1t will be fighting it's BAT
q Tics with the muzzle-lOGder agains
= he worlds industrial army full
equipped with repeating rifles. Wher
we should stand in the end Is only TO
+ plain. This great cotton-mill combina
: tlon ought to become the South's mos
powerful weapon for gaining the cor
!, troll OF the worlds cotton.manufactu
, ring interests.