The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-21
WOULD INVEST IN THE SOUTH.
80 York Railway Magnate Says 1t
IL the Greatest Field.


lexington, Nov. ga prominent rail-
"A ,nagnate of New York discussed in
..+,7slv the industrial outlook in the
-.,srn states in an interview here to-
81 have firm faith in the industrial fu-
~ the South" he said. Il believe that
next five years will record the great
,o,rufacturing and agricultural activ-
.,or section has ever experienced. 1
~, familiar with the situation there and
q eve Observed ii carefully from every point
view. I have no hesitation in saying
Il .tar the great opportunities of the next
Il 5ecade will be found IN the states OF NORTH
Sr.1ioa South Carolina, Georgia, Flor
"a Alabama and Tennessee Northern
i-al;,o-sts realize this, and are going to
- their money in Southern industries
,7vantages of the South cannot be
4-rifed Raw material is ready at hand
4 NC labor is cheap, people are indus
& ,rs,rs life and property are secure anc
Il e-,0,iaI conditions are settled
.,I an, one of those who believe that in
ors will find the readiest return for
''..ir money in Southern communities. Be-
Il In cuba. Porto Rico, the Philippines,
CT.yico South American republics and the
c1-,Eern states will choose the Southern
les promptly and confidently. There is
n to.5av enough money in the South to de-
Il lion her resources if capitalists there had
a.. oourage TO venture their holdings
& IIISr,,ofore men who had money in tho
4 sonthern states have been timid with It.
rrbay have been content to let their money
~ in banks and draw nominal rates of in
torest This money will now freely seek
Investment The young men of the South
are energetic go-ahead fellows. They have
Il anil living on their memories They be-
1java In the present and are confident of
The future They are conservative, ac-
five and intelligent, Unless every sign
q Is misleading the new generation of South
81 ern men will develop wonderfully the re-
Il sources of that section.
4 socially. the South is a most satsfac-
q tory place to live in. People there live
Il close to the soil, are sympathetic, hos
ntable and know how to use. the good
tbines of life. My home has been in the
Fl North but if I were young man to-day,
4 either with money or penniless, L would
q 20 South and cast my fortunes with the
people of that country.
THE South will continue to be an agri-
4 cultural community for some years to
& come It would be folly on their part to
neglect the great natural advantages they
3 enjoy. I think that Southern agriculture
will be put on a scientific basis in the next
8 ten years. Agriculture will become more
diversified. The people win continue to
produce the staple commodities like cot
n ton and corn, but they will also give their
attention more intelligently to other fields
\ Of agriculture.
Manufacturing has already made enor-
nous strides in the state l have mention
4 ed The Piedmont section of North Car
4 DINA is teeming with factories. Within a
4 radius of a hundred miles of Charlotte are
4 located one-third of the cotton factories
. OF the United States. The manufacture
ing impulse is felt strongly in ell the
states l have mentioned. The middle and
\ western sections Of South Carolina and Of
Georgia and all sections of Florida are
Il alive with an industrial boom. OF course
4 every one knows the advantages Alabama
& offers believe the Birmingham valley
Il will in less than ten years dictate the
& price Of iron to the world.
"A surprising thing to me is that the
& splendid advantages of the South have not
been developed up to this time There is
however reason for this, when one con-
sders the peculiar prejudices engendered
4 by the Civil War. Those unhappy feelings.
however, have died out, and the congest-
ed centers of North and East viii nat
orally be relieved by the steady tide
Of immigration going into the South,
q where the margin of opportunity along in
dlS'rial and agricultural lines is so lib
eal
Il i think there is only one thing that can
Teard prosperity in the Southern states
i end that is for the people there to be at
4 uaced 10 Cuba and Porto Rico and other
feds of investment. Southern men ought
to stay at home. If they would remain
in their native states, study the indus
trial situation around them and apply
themselves theoretically and intellgenly
to the development of their native COM
mnities, their prosperity would be as
sdred. One-half the labor frlttered away
on Alaska or Cuba or Porto Rico OF South
American fields would make the South the
garden of America. I repeat that 1 be-
aye the Southern states offer to-day to
the laborer, the capitalist and the en-
noyer the best opportunilY in the world"