New-York tribune., 1901-02-11
THE SOUTH AND SUBSIDIES.
LEADING BUSINESS MEN PRESENT
STRONG ARGUMENTS FOR THE
SHIPPING BILL.

Baltimore. Feb 10 (SpeciaD.-"The Manufacturer
Record" in the issue publishes letters from
large number Of leading business men, cotton and
iron manufacturers and others. throughout the
South. giving their reasons why the South should
favor the passage OF the Ship Subsidy bill.
j. n. McAden. president of the Southern Cotton
spinners' Association which represents the cotton
manufacturing interests Of the South. after quot
ing the resolution passed the associations
ing in May last urging upon Congress the passage
OF legislation TO aid American shipping. says:
The sentiment of the Southern manufacturers to-
Gay is even stronger than il was then for Govern
foreign countries and developing the industrial and
b, ra h resources Of the whole country
sectional feeling and party affiliations.
President Estes Of the John p. King Manu-
featuring Company, owning OF the leading cot
ton mills Of the South. says:
AS business and manufacturer OF cotton
goods | feel that the passage OF the Ship Subsidy
bill will result in great benefit to the cotton plant
Is @ anu manufacturers, especially of the South.
TO TO stand in the way of what / regard as measure
csIlnot see their way clear to favor instead of
side and above party.
President Baxter of the Tennessee Coal Iron
ana Railroad Company. the largest Industrial
Poration in the South. and probably largest
porter of pig iron In the world writes:
The South should favor the Ship Subsidy bill be-
cause II is believed that with an increase in ocean
tonnage, which would result from the massage Of
this bill the ocean rates would be affectsd faIor9
hly for the shippers which would rest IN rsat
facilities and better rates for our cotton inmber
broadening the markets a wen as enabling us 70
realize better prices.
PURELY BUSINESS PROPOSITION.
T g. Rush. president Of the Alabama Consoli-
dated Coal and Iron Company says:
consider this a National question but one in
Which the South is deeply interested. Nothing just
dustral interests Of this country and the expansion
mernbap, man the building M Of the American
huiding in this country and the ownership OF
Americans as sailors. and II does not seem 10 me
Intt we can build up our shipping interests in a
man by the subsidy plan which it seems me is
method II Is probably true that many people OF
the South are opposed 10 the Ship Subsidy bill on
which have been held so long 6v py4i many of onT
politicians and statesmen. but believe that an in
NeStcatl0n or the question will reveal 10 all think
reasonable limits TO find an outlet for our increas-
ing products such as cotton, cotton goods iron
coal coke and lumber. can see no difference In
tensive aid toward the building Of transcontnental
n f TcSPn SPGe 20 90 ImTnsn me19s oi "a
This country and assistance In establishing mer-
means Of Esa P for the products I E Of hs
country 10 other countries This IS a great com
from a political standpoint
Mr.. Price. cashier Of the Bank Of oxford. Mssis-
sippi, writes:
6gsye the PsssfaEs s Of The ship sg3sGy IS and the
OF the South that would lead 70 prosperity hap
piness and comforts for our people beyond anything
them; thing SO impor5ant so essential and i'm
with from a partisan standpoint
R NJ Miller tr.. leading cotton manufacturer
OF Charlotte. SAYS:
The hope OF the Southern manufacturers lies in
an outlet TO the foreign markets or the world. Tn
D rTVaH FNar ftN- Tho 2 n
ship SUBSIDY biz. as now before Congress. or By
some some similar method "e are going 10 nnd our
the foreign markets. and DO this Government aid
is absolutely essential Unless We get the ships
to carry our manufactured products. our wheels
destined soon 10 become cloEged. Governuen,
am any FORM IS Simply ply % aid eTtends5 10
the manufacturing and Industrial interests Of the
South.
ESSENTIAL TO SOUTHERN PROSPERITY.
y Wilson. presiden, Of the Louise Mills Of
Charlotte and connected with several other leading
| mills. SAYS:
Subsidy bin. the construction Of the Nicarag1is
Canal and with policy on the part of the Gov
/ business Interests. the South would be placed In
the commanding position which II held before the
| bil would benefit the south more than any Other
! section Of the country
Robert J Lowry. a leading banker OF Atlanta
after reviewing the reasons why the South should
favor this hill, adds:
trust that the members of the Senate and House
OF Representatives from the South will look al this
! question from business standpoint, and not view
II as a political or party issue. II they will have
an eye single the business interests OF the coun-
/ try they will ind the preponderance or evidence
| hacked hy the proper Government subsidy.
/ D. G Purse president Of the Board Of Trade OF
/ Savannah. referring TO the recent action OF that
| organization and also OF the Brunswick Maritime
/ Congress. says:
The members of the Board who participated I'm the
| meeting. and whose unanimous action was In.
! struction 20 the delegates 10 the brunswick Mari
time Congress. which assembled the 2Oth and
! chant marin" pure and simple as n business propo-
sition free from political significance moved 10
all IN the premises by the startling. unCon
| tradicted fact that while enormous growth
| Europe we are making our deliveries each year
IN the wagons Of our herc-st competitors for com
| mercia supremacy. which on the land would he
| considered business idiocy.
/ Edwin Bruhston. who took active part in the
| Brunswick Maritime Congress. after reviewing th'
/ action OF that congress IN unanimously passing
! resolution In favor Of subsidies. says:
: ! believe the Southern people will soon require
their Congress smen 10 act ou these matters from
! practical. business standpoint. l favor ship sub
I Sidies for the that Government has beer
! for two generations committed to a policy or SUB
I SidZing carrying trade on land, and ! faEOr IL De
cause other nations have found N the best thing e
do, and because IL appears To be the only remedy
! likely to secure very soon. favor IL be
cause need II. and because believe II s right
CARRIED OFF SAFE WITH Si0,000.