The times. [volume] (Richmond, Va.) 1890-1903, 1900-05-15
PROSPERITY s.
UNPRECEDENTED
lnpiration Of South BY Passage of the
Nicaragua Canal Bill.
THE INDUSTRIAL Ac TlvlT Y.
Two Stacks at Birmingham Ready for
tho Torch. While tho BuiIdinso of
= Cotton Plants and Railroads is
steadily Progressing.

BIRMINGHAM. ALA. May 5s.-Under
the utle. ..Tae FIRST Half Of May" the
Manufacturers, Review viii tomorrow
say:
me cotton belt States on the Gulf and
along the Atlantic up 10 Charleston nave
felt the inspiration of The passage in the
House OF the Nicaragua bill. thus bringing
within a measurable period OF time work
that means much to the far south. ms,
together with favorable planting weather,
has impaired spirit of hope and caecffuI-
ness TO this section OF the country.
Activity in industrial enterprises has
been we'll maintained. The Alabama min
erai district IS straining every nerve in mill
and mine 10 maintain and If possible TO
Increase production. Barring an accident
10 one stack of the Sloss-Shef1ield Com
.,any nothing has occurred to lessen the
outcome. No stack has been blown in. dur
ing the fortnight. but two more are nearly
ready for the torch. Gadsden is gathering
subscriptions for two 100000 cotton mills.
Aanistons three new cotton mills will be
ready before November. The Eufaula cot
ton mills are to be enlarged to the extent
of s15o."ao Actual work on a railroad
through Pain; Rock Valley, Taversing
timber, ore and coal lands. has been be-
gun. ard Selma is endeayorins TIN ugh
subscriptions for stock to the aECunt of
slcJ,b1 to secure an extension of the Biz
liingham, Selma and New Orleans Rail-
road to the Tombigbee River. In the pine
belt General Russell A. Alger and his as
socsaies have purcha sed 100000 acres OF
timber LANDS. paving therefor S2.hOo.noo
These lands are to be developed without
unnecessary delay. These and like enter
prises show IN the bank clearings of the
central cities of the State, those of Bir-
Tningham rising in the year ending
April 3oth TO ss7.217,S 9s. a gain Of $l2,11S,616
on those Of the previous year.
A LARGE TANNERY.
In Georgia a company has been organized
at Yves. Point to build a $4,000 tannery.
At Dahlonega the milling plant of the Con-
snlidated Gold Mining Company has been
tested, and the entire plant will soon be at
work on an accumulated body of ore.
Woodstock is to have cottonseed oil mill
and rope factory. Macon capitalists have
organized an additional cotton mill to be
known as the Exchange Mills. They will
probably build s.. 10000 mill The Wood
stock cotton mill at Gainesville has been
capitalized at $4,000. one-half of which
was taken in Gainesville.
In Mississippi the fortnight has been de-
voted 10 planting. burt in the lumber dis
tricts, especially along the Gulf and Ship
Island Railroad, many lumber companies
have been organized. Several new banks
have been chartered. and work on cotton
mills previously formed has handsomely
progressed.
In Florida an oil mill of large proper
tons is TO be built at Tallahassee; a $780,
600 Gig ar factory is TO be established
In ST. Augustine, and Tampa is rejoicing
over the organization of nllion-dollar
corporation 10 plant sugar cane and build
a sugar refinery. The Tampa Company
is known as the South Florida Sugar
planting and Refining Company. and the
capital is wholly Of Northern origin.
South Carolina is animated by the pro-
posed Interstate and. West Indian Expo
sition at Charleston in the winter of
l90I-G2- and many enterprises are afoot.
The York Mills are adding 5000 spindies:
1he Grendle and Greenwood Mills are to
he doubled ia capacity; a second oil-mill
is to be built al Greenwood; the William
ston Mil, containing 10000 sp:ndles, will
be started IN November in full operation;
a $4,000 phosphate company has been or
ganized in Charleston; the capital of the
Cox Cotton Mills at Anderson has been
increased 10 100000; an oil-mill is to be
built at Greenrtlle; three persons have
subscribed for 100000 of stock in Whit
'rire's new mill. the building of which is
assured; knitting mill is planned for
Blacksburg; the Graniteville Company has
btVgdtl W stii SJttfvv Iliiil,
the Woodruff Cotton Mill is to cost over
s2anHN and a sid9,oa0 corporation has been
organized TO develop water power near
seneca.
PHOSPHATE AND COAL.
IN Tennessee the shipments of phos
phate rock are we'll maintained. and
there is much activity in the coal. ore and
lumber districts of the State. especially
tn the neighhorhoods OF Ducktown. Knox
Vile and Bristol
West of the river transfer of 5000 acres
of pine lands Vas made at Lake Charles:
the construction of the technical school
at Lafayette is progressing: company
has been organized 10 build. cane mill
on The bayou .Neirniliion. and at Breaux
Bridge an oil-nill is to be erected.
In the elnrire of Texas there has been
In the fortnight much activity. Paris is
20 have a sfa0t0 and cleburne $4,000 OIL
milf: the pen:son Cotton MILL containing
at present q. lsN spindles, has been in ope-
ration: the Sl25,Oa cotton mill at Gonzales
Is a certainty; a Sioa.o0o cotton mill at
Ciiero Is we'll assured: the second install
,nent on she stock of the $4,000 mill at
Bonha-n has been collected; Temple has
practically secured al least n SEQ. oGa cation
mill. and 4 SSr.Go S,il-tnill IS IN course of
construction at SInithville In the Trinity
rice districts. near Stowell miles of canal
are nearly completed. In the OIL district
there were or May 1st. 4si producing wells.
during The fortnight. a storage tank will
new $4,000 pipeline company has been
f..-l