Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1899-04-06
BALTIMORE IN FINANCE.
THE FINANCIAL INFLUENCE OF THE WHOLE
SOUTH GROWING GREATER.
New York and Philadelphia Contribute to tbs
Advancement OF tho South.

jointly congratulated at the COM
manding financial power which this
city is now developing, because it
means the most forceful influence for
Southern upbuilding which has ever
been turned upon that section. New
York and Philadelphia have con-
tributed largely to the material ad-
vancement of the South; in fact, it
has been estimated that New York
in vestments in The South aggregate
as mucn as a billion dollars; but
neither New Y ork nor Philadelphia
has ever made the development of
the South leading feature of its
financial operations. Baltimore, on
the contrary, is 80 pre-eminently
Southern by virtue of it's location,
it's sentiment and its trade interests
that it must look to the expansion
and upbujlding of that section as it's
chief field of operation.
In the South there is undeveloped
wealth sufficient to profitably employ
practically unlimited capital and to
furnish broad field for the greatest
business energy and ability of this
remarkable generation. The natural
resources and advantages of the
South are great enough to create
industries and trade e1ualing in
magnitude the entire mining, manu-
featuring and commercial interests
of tho country. Economic changes
in finance and in the worlds general
business interests brought about by
the revolutionizing influences of
modern inventions and methods
changes beyond human control-are
now forcing the worlds manufacture
ing interests to the place of cheapest
production - the place where the
raw material is found in the greatest
abundance and most cheaply turned
into the finished product. This
means that the South is to be the
greatest manufacturing country on
the face of the earth. What that
means can be family comprehended
when it is remembered that Eng
lands wealth and power are based
on her manufactures; that the
United States has $6,000,000,000
capital invested in factories whose
annual product is valued at over
100000, 1000, or three times the
total annual value of all agricultural
products Of the country, and that
the 5,GG0,000 hands now employed
in the industrial interests of this
country receive about $2,500,OOO,-
600 year in wages. OF this vast
industry-tle foundation of our
marvellous national progress-tho
basis on which New York, Philadel-
phia, Boston, Chicago, Pittsburg
and the other great cities of this
country Tast-the South has now
less than one-teHth. The middle
aged man Of to-day may live to see
the South's industrial interests equal
in capital, in production and in
wealth creation tho entire business
now represented by these stupend~
GUS figures for the whole country.
Thirty years from now the 25.0OO,-
600 people of the South, by natural
increase alone, based on the percent
ago of increase for a century, will
have advanced to nearly or quite
50,000,000, and it must be remcm-
bored that our entire country had
but 100000 inhabitants in 1880
and 62,0O0,000 in 1890. TO attempt
to picture the future progress and
prosperity of this section would in
vito the criticism that the writer
must be visionary enthusiast. Facts
which cannot, however, be disputed
prove all that has been said and point
to future of material advancement
perhaps never equalcd.
The construction of the Nicara-
guam canal will rcvolutionize the
worlds commerce in favor of this
country and bring about q marvel
Gus activity and prosperity at all our
South Atlantic and Gulf ports.
This change in the worlds shipping
interests, and the development Of
the West Indies, which will inure
to the benedt Of the South, will
make this section as dominant in
commercial affairs as in manufac-
lures. We have here combination
on which to build up great cities
and vast business interests, and for
tho sHpport of n dense population
such as il found nowhere else on
earth. With Southern iron being
exported to Europe and Asia at tho
rate of nearly thousand tons day,
as was done during 1893, with great
LOT M u