The times. [volume] (Richmond, Va.) 1890-1903, 1899-02-17
THE STORM AND BUSINESS.
The Magnificent Recuperative Force
orthe South to be oil Advantage.

BALTIMORE. FEB To- Especial. The
South IS not used 90 the weather which
came upon 80 ia the early part OF the
week as its share in the great February
blizzard It's agricultural interests VIII
suner 90 some extent particularly IN the
states nearer the Gulf, where zero tenn
peraturs or temperature approaching
anywhere near zero is unprecedented as
far IS the Official records show. The loss
thereby entailcd will De considerable,
but i'm the midst OF the sympathy which
Will 20 out TO the farmers is the COM
nensating thought OF the magnificent re
cuperative force Of the South and lis
ueople The storm OF 1889 viii be historic
Tho ability Of those IN the South who
suffered from 90 10 recover from It's ell
fects upon their crops will be equally
notable
The storm. however, Will have no APP
preciable effect upon the measures for
the promotion of the South Industrial
and commercial and railroad interests
Though communication in the early part
of the week was decidedly crippled, the
Manufacturers Record was fortunate
enough TO obtain previously number OF
interesting letters illustrative Of the pro-
eressive spirit of the South. Among
these was one from Fort Smith, Ark,
telling OF the attention given 10 that
point bv the railroads The Fort Smith
and Western is beginning lie locating sur
vey. The ST. Louis. Sloan and Southern
(sir linel is being surveyed over a num-
ber of routes from Fort smith. The OBJ
iective point of an Is the great supply
of lead and zinc in Northwestern Arkan-
sas The Gulf Louisiana and Northern
has commenced construction u the line
from Alexandria north 10 the Arkansas
line. its northern terminus being Fort
smith The Missouri Pacific Is surveying
lines from this point East and South. and
has large forces at work on both lines.
The Arkansas Central, which has it,
headquarters here. is being completed
20 Paris.
From Shreveport. La. comes the news
Of decided activity for the development
of the cotton mill Industry ~ The lower
Mississippi valley. Citizens Of that city
are subscribing to projected co-opera-
tive factory TO cost $4,000. Ruston.
Clinton. Boyce, Arcadia and winfield.
la, are All interested ia similar pro
Jecis.
During the past month the oil outlook
in the Corslcana, Texas. field, has very
much improved. ana a heavy development
IS expected in the spring
The TWO bonded warehouses fOr che
storage Of cotton. organized IN Charlotte.
n. c., some months ago, have been in
operation "a sufficient length OF time 10
demonstrate the fact that the scheme is
entirely successful The expectations OF
the originators Of the idea gave been fuliy
realized The success o. the bonded
warehouse means good financial returns
20 the stockholders Ga the enterprise, the
opening up of ready and liberal 1nking
facilities 90 the planters Of the south
whereby they are enabled 10 get cash
advances on their cotton and yet retain
unQuestiOned ownership OF The cotton
upon which the money Is advanced. and
the giving of very desirable idcillties 10
the cotton-mnl men for the storage Of
raw cotton as well as of manufactured
goods aif0rding conveniences % the con
duct of their business which have hereto
fore been unknown. The merchant, too,
IS benefited. for the holder Of "a bonded
warehouse receipt who goes with IL into
"a store. goes with q credit as good as
that which would attach to bank
cashiers check for a like amount of
money. The bonded warehouse mas re-
duced the fire risk 10 the minimum.
Every known source OF cotton fire has
been guarded against. To is this fire risk
that has heretofore stood ia the way of
those who would make cotton a banka-
bic collateral Realizing the wide and
profitable field o. investment which
would be- opened mp II this difficulty
could be surmOuntcd. the projectors OF
th. bonded warehouse scheme and repre-
scutatives of the insurance companies
set 10 work to devise plans whereby cot
ton might be stored with such safety as
10 make &c available for valuable secur-
itv. n was 20 difficult Undertaking. but
the work was finally reduced 90 such
basis that the guarantee companies
were willing 10 bond the warehouse COM
nanles ana the tariff associations -elt safe
I'm extending insurance al low rate. and
that being accomplished the bonded
warehouse had clear sailing before H.
The most important new manufactur-
ing enterprises of ,ne week announced
in the manufacturer Record were
Ten thousand dollar broom company
l00tou ice factory and O $1,000 fire brick
and CLAY works ln Arkansas. Sl0oo0l lum-
Der company in Florida. $1,000 spring
bed factory. and sl0000o cotton mill add
dition I'm Georgia. $500 coal company
g.. zoo drug company. $1,000 fruit company
ss5 900 canning company and "a $1,000 drug
company in Maryland. $1,000 lumber COM
pany. 5000 telephone company IN North
carolina. s.. coo tobacco company I'm South
Carolina. S20ooO hardware company
5000 material factory. $4,000 iron toun-
dry. $4,000 iron company. and 5000
whecl-barrow factory in Tennessee. $780,
Oo0 abattolr 5000 iron works $4,000 lum-
her plant and 5000 wool wash factory in
Virginia. $4,000 brewery improvements
and s9.O00 clothing factory i'm West Nir-