New-York tribune., 1901-01-14
THE PASSING THRONG.

Cornelius Shields. of Bristol Tenn who vas
formerly connected with the Great Northern Rail.
road but is now managing rail-
soCTHs road and coal and iron mines in
OF at the Waldarf- as,orts ,,as+sr1a,-
PROSPERITY He said in part; Judging from the
increase in my own business and
oy Whet have observed and heard OF the
pansien in all branches Of trade and husbandry
think the South is experiencing its fun share ana
more OF the present prosperous times The South
Was was more backward IN her development than were
sippi Itlver and there have been consequently bet
IN the Northern States. ana greater returns have
been assured on such investments There has been
last few years, ana We have been commercaliy and
War found the South absolutely ruined financially
and sorely hurt physically. Her resources were
6bs ySHPs o~ ffS 3ss in in Gs
renes Of the lost cause. OF those who
IN health on account of the hardsnips they had
knew not how to worf Tey had BEEN o Is
20 dlrect labor 6ut not to labor themselves and
psated & they could not control or make use Of and
Tand passea tbIoTgh m thas soe TaS ton Of Dixie
from which they are only Just emerging To-day
those Who ough, 6g the war n heg 5Rs PaSs
that the old life is dead for all time and that new
HE has taken its place. In this change of condl-
tions men must work to succeed and the men of
know how TO make their work effective These
things have combined to bring about better and
today where the outlook is brighter or mere sS pros
porous than in the old South.
THE farming interests are especially we'll To do,
MIR. Shields continued, "and the great local demand
that exists for farm products has
STOCK given d great impetus to all
FARMS branches of agriculture, our peo-
SPRINGING pie are also COINS in largely for
UP. stock and stock farms are spring
ing up all over the South.
The coal business could not we'll be in better
condition. We running mines to the eX-
treme limit, and find ready market for every
pound of coal which extract from the earth.
Inc shortage in Europe is a tremendous thing for
American coal. We cannot take full advantage of
that would able us 10 do so. When We sell coal
to Europe to-day il is always upon condition that
the European buyer supplies his own tranSporta-
tlon. The penal clause on the time of delivery
tracts under any other terms. In dull times we
sometimes take chance on iron, but never coal.
On iron We get caught now and again, and cannot
deliver within the time limit. Iron purchased in
transported abroad hy the buyer. This lack of
American bottoms in which TO ship our coal and
iron to Europe Is serious drawback. and one that
initiates against taking full advantage of the
European markets. We only sell Europe to-
day contracts to deliver dt tidewater here the
purchasers furnishing their own deliveries.
The outlook in the iron trade, while not up TO
that of coal, is, nevertheless, good We always
have ready market for Virginia iron, which
brings from 81 10 81 80 ton over that OF Birming-
ham. This is what is known foundry iron, from
which manganese sulphur and phosphorus must be
eliminated much possible. This iron is best
made from imonite ores, which deposited in
large quantities in Virginia, also hematite