The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1899-09-01
SStaatB>lf> Progress
InNthle Sunny South.
South CaD'lIna Seems Ah'ad.Vitws Of
<,ovcrn0rs Of Several States >in Re
gard to Trade and Finnncinr',
situation Genernlly.
(The State, 27Vh.)
ENcouxAa1Sa uoNiS SITIoN CLEARLY
sUMMARlNED.

in the South seems to be moro ent
couraging than for many yet RS. The
Now York World recently printed let
tors from number of South orn Gov
ernors and business men showing the
South to be in a healthy commercial
condition.
Governor McSweeney wrote:
"Business conditions in South
Carolina are good and the outlook is
encouraging. In the last year there
has been marked industrial awaken
ing and progress. Especially is this
true in cotton manufacturing enter
prises. The capital invested in man
ufacturing enterprises this year will
double what it was any preceding
year. From January 1st to July 1,
1890, charters for now enterprises is
sued by the Secretary Of State rep
resent capital invested Of $780,
600, and commissions for charters
during the same period, somo Of
which have not yet been granted,
have been issued for now enterprises
representing something over s., ,O00,-
600. Several charters have been is
sued since July 1st
''ln two cases charters for new cot
ton mills have been granted repre-
senting over S2,0O0,000. A new
mill will be built at Columbia with
capital of 81, 100000, and one at
Union with capital Of 100000.
"There is scarcely town in the
State Of any size without cotton
mill, and it. has ,beon found profit
able to have the mills near the cot
ton growing belt There are now
under construction in the State new
mills representing over 10000 spin
dies.
"But not only in cotton milling has
there been progress, but cotton seed
oil mills and roller flour mills arc to
be found in every section Of the State.
AS result of tho roller mills, more
attention is being given to wheat
growing
"Experiments in tobacco culture
have proved successful, and the ex-
periments are being extended to
every section Of the State, and our
crop this year will not fall far bo-
hind that Of Virginia. Our farmers
have realized the Importance and the
necessity of diversified farming, and
do not depend on cotton as the
||3aSS Sss;tsoney crop. The result is an
Sin and revival of agri-
more plentiful and more
sS18|| 3 Ybebd and at moro reason
tho interest.
5gro bl advantages no State in
feet thocbls South Carolina, and
Phother5ssed manufacturing enter
Sicans, FL diversified farming we are
q, whit"tg upon an era of prosperity
) a sparalleled IN tho history of the
State"
Governor Allen d. Gambler of
Georgia says:
"Business conditions in Georgia
are fairly good. The volume of trade
ls not large, but good healthy con
dition prevails. Industrial, and
farming activity reported in tho
West is not felt to any great extent
in Georgia. Industrial enterprises
are more profitable than farming.
Cotton is 80 low that our farmers
cannot prosper. Banks have an
abundance of money, but there is
little in the hands of the country peo-
pie.
Manufacturing is on the increase
and manufacturers are doing very
we'll. All are making moro money.
Wages in the factories are tending
upward and most employers are
paying slightly better wages than
they paid a year ago. Wages of
farm laborers have not advanced and
cannot until better price is paid for
cotton.
"The rates Of interest aro lower
than at any time since tho closo Of
the war of secession. The prevailing
rates are 6 to 8 per cent, according