The times. [volume] (Richmond, Va.) 1890-1903, 1899-01-06
THE SOUTH'S OPPORTUNITY.
The Time Now Rire for IL to Take Its
Place I'm the Commercial World.

BALTIMORE, MD, january o.
special-In the report Of dividends, bank
clearings sales Of new securities. in
creasing railroad earnings and better
equipment for enlarged energies are
many evidences at the opening Of the
new year that the South IS feeling the
effects Of the expanding Importance OF
American industry and commerce. our
iron and steel and machinery are pushing
into the heart Of European centres OF
such manufactures, and markets for these
goods in Africa, Asa and Autralia, form
erly controlled by England and Germany
are being invested by tho resstless forces
OF American trade backed by immense
material resources Hundreds Of thou
sands OF tons Of steel rails sold for ex-
port. steel plates gong direct to English
shipbuilders, pig iron exports limited
only by capacity OF production and
freight room, nearly everything In manu-
features from nails to locomotives finding
ready foreign sale and great balance
of trade In our favor are tokens OF tho
new epoch I'm American business life and
revelations Of the magnificent OppOr-
tunity before the country.
But this opportunity 10 be fully realized
viii demand the utilization Of every
coign Of advantage and OF every IA
cility for the development OF foreign
trade. In this utilization the South Is
particularly interested. IL should have
IN the upbullding Of the merchant marine
and the navy 70 share prOpOrtionate 10
its resources for the production OF iron.
steel, lumber and naval stores and for
tho supplying Of vessels with cargocs 10
bs sold to the best advantage In foreign
ports BY placing itself abreast OF the
giant strides OF industry and trade which
mark the close of tlc century, the South
will do its part IN extending American
commerce and Will reap the benefits
therefrom. IL VIII build ships. & viii
launch war vessels, II will load cargOes
Of cotton goods, pig iron, steel rails and
other manufacture. and in thus meet
ing the growing demands Of new markets
will extend its railroad lines az faster
rate than ever, will add 10 rs industries
great and small, increase its thrifty
population Of mechanics and employees
of transportation companies and give
more satisfactory markets 10 its pro-
ducers OF more diversified crops.
An announcement OF interest 20 the
South generally and 10 thousands Of men
connected with the growing and sale OF
cotton is made by the Manufacturers
Record in connection with the retirement
OF Mr.. John +. Searies from active
participation in the affairs OF the Ameri-
can Sugar Refining Company and the
Western National Bank OF New York.
The real reason for his withdrawal f~n
the management OF those TWO big New
York corporations was not solely the ad-
vice OF his physician to stop doing more
work than could be done safely BY hall a
dozen men combined. but for the pur-
pose OF concentrating his energies IN an
III. h. hoo lan
fled for several years. Mr Searles has
been president Of tho American Cotton
Company. which has introduced the
round baling OF cotton in this country
and abroad Ho has STUDIED the business
OF handling and marketing cotton thor
oughly and will devote his time ana
CAPITAL 20 the complete realization or tee
economic possibilities OF the new sys-
tenn. and IN connection Herewith 20 all
other methods looking ~ the reduction
of the expenses Of placing the Souih's
great crop at the mills.
The following are the most important
announcements for the irst week OF the
New Year: 500 900 mining and develop
ment company IN Arkansas NpoVD
manufacturing company in Florida So.
600 steamboat company In Georgia w.
600 coal company In Kentucky $1,000
water works company also In Kentucky;
lotion see and refrigerating plant In
Louisiana; $4,000 lumber mill company IN
louisiana: 25-ton refrigeraung plant In
MARYLAND; $4,000 oyster packing COM
pany IN Maryland $1,000 lumber mill
company in Mississippi 10000 chemical
works in North Carolina: 5000 chair
factory In North Carolina; $4,000 cotton
mills in South Carolina; 40-barrel hour
mill i'm south Carolina; sS-ton refrlgerat-
ing plant In Tennessee; $4,000 mining
company in Tennessee; $1,000 mill sup
plv company In Texas; $4,000 cotton seed
oil mill in Texas; $4,000 brick works IN
Virginia. 5000 foundry In Virginia; $780,
Goa Gas and oil well company In West
VIRGINIA