The Caucasian. (Clinton, N.C.) 188?-1913, 1901-05-30
SEEKS HARTFORD CAPITAL.


E1-rnissd states senator Better Of North
Csro,ina Hers for rha. psrpos~.
Hartford (Conn. } Post
There Ii possibility Of Hartford
capital being invested I'm North
Carolina business enterprises which
are just at present Weakening into "A
life and development hitherto un-
known.
Ex United States Senator Marion
Butler Of that state il In Hartford
for the purpose Of securing loans for
the industries there and he speaks
enthusiastically Of the great develop
ment which Is taking place in his
state and Of the brilliant prospects
for It's future.
81 am here" he said to "Post"
reporter, "for the purpose of nego-
tiating loans, Hartford having a
number Of firms devoted to that
line Of business. / have loaned
from local sources more or less
money ever since | left college and
this lie the first time in my expert
ence that the demand for money i'm
that section has exceeded the supply
to be had there. This speaks well
for the commercial activity of the
state and it is fact that we of the
south are just awakening to the
great possibilities of our country
and taking advantage Of them. This
is especially true of North Carolina.
For long time tobacco was the
only product that we manufactured
to any considerable extent. To-day
we have the greatest tobacco factories
In the world. But outside of tobac-
co we have hitherto been content to
sell our products in their raw state
rather than manufacture them. We
were brought up with the slaves,
and we haven't wanted any machin-
cry. We have been content to have
things done for us. Our cotton, for
instance, we have shipped away and
never thought Of manufacturing it.
1t may surprise you, consequently,
when tell you that we are now
building cotton mills worth $780,
600 and $15O,OOO in towns of only
1000 or 5000 inhabitants. We are
actually importing cotton for our
mills.
"Our woods, too, of which no
State has finer grades than ours, as
you Of course know, we have sent
away off somewhere where there
was no wood at all to be manufac-
tured and have been getting moth
ing for it, besides paying freight
both ways. Now we are building
factories and producing it IN a form
which brings greatly increased
value.
The Southern and Eastern part of
our State is finely adapted to truck
farms. In fact | don't suppose there
is any finer truck section in the
country. We used to ship all this
stuff away, too, that we could and
often at loss, until points farther
north reached Northern markets
sooner and shut us out to great de-
gree. Then, too, much Of the pro-
duce reached the market either half
ripe or half rotten while half of the
crop was left to rot in the fields.
Recently we have discovered that
our products were as good canned as
fresh and now we ship them all over
the world. AS an instance | defy
you to tell our canned asparagus,
which is being served every where,
from the fresh. AS 4 result of this
canneries are going up all over that
section Of the State and immense
quantities are being shipped away.
"These are only three lines.
Others are progressing as rapidly and
as well and we have only just begun.
Our State and the whole South is
booming and all lines will soon be
teeming with life. Although the
South has been the strongest oppo-
nent to the protective tariff it is
really getting the greatest benfit
from it. The people as whole are
not aware Of this yet but they are |
awakening rapidly and the outlook
tor new commercial South bright
with prosperity is brilliant" When
asked his explanation for the pres
snt generally prosperous condition
Of the country, Senator Butler said: |
'1t is due to the increase in the
volume of money. The last gold
law has not resulted in scarce and
lear money as its authors expected. |
The present great output Of gold is
1aily adding large quantities of new
money to the money supply-prob-
Ibly more than free silver would
nave added under normal conditions.
The material of which money is
made is unimportant compared to
he quantity being sufficient - Co,