The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-12
MR., BROWNS ADDRESS.

Joseph G. Brown, president of the clti.
zens' National bank. Raleigh, n c., spoke
on The New South"
He said in part:
There is no nav South, except as there
is new North or East Of West ours
ls the same old South which In the early
Gays OF the Republic gave her sons for
freedom. and, in the days of peace, gave
them TO her country as statesmen to aid In
building mp for her the greatest and hest
government the world has ever known
The South had practically nothing at
the close of theswar. The world looked on
France met the instalments of the enor.
nous penalties imposed by her victorious
foe Mt the close OF the Frauco-German war
The South, after enduring a war four times
AS long, paid In one vast lump sum pen.
atty 1--WE times as large, the money value
q he2 slaves belns that much greater than
country ever rallied from such desolation
with such spirit and vtgor ms she displayed
a result due not more 10 her Astounding nat.
uTai resources than TO the spirit and pluck
Of her sons and daughters. Tried ia the
severest furnace she has proved 10 the
world that she Is worthy of IFS confidence
found the real clements of moral and ma
teriai wealth Her wealth today EQUALS
that Of u, the entire country in 1860. and
practically all Of this has been created
since the close Of the Civil War II took
from that time until about 1850 to gather
sufficient accommodations to serve as a basis
Of credit and OF active operntions-to in
spire confidence and 10 acquire prestige snf-
hcient 10 attract outside capital Now our
all men. Today the North is sending To MS
not only her money hut her sons They are
coming this way looking for opportunities
70 ald In our Industrial development. How
different the outlook of today from that Of
even twenty years ago.
SOUTHERN CAPITAL INVESTED
At the beginning OF this new century
thousand millions Of dollars will barely tell
the amount of capital the South has In.
vested in her manufacturing enterprises
alone. and she is annually putting on the
markets of the world her own handiwork
TO the value Of more than one ana half
billions of dollars, What does this mem
1t means that the wealth of the south
consisting heretofore of her natural prod
ucts alone In their raw state, has been In
definitely multiplied In value by the appli-
cation Of her brains and her skilled hands
il means that instead of contning them.
selves to the professions and to politics
her son are learning TO erect to euuip and
converting their Scent cotton into prod.
uct worth more than 200 cents ia tile
pound It means that instead Of cutting
them trees or a1 fs9% hqT fSF9ss and selling
converting them into useful shapes that
oring the cord value up TO more than half
South has learned that wasteful living and
| dependence on unskllled labor viii keep
her people always as mere ''hpWcrg Of
wood and drawers Of water" II means
that not only in, the mills but in technical
schools everywhere, she Is training the
hands Of her boys and at the same time
storing their minds with useful knowledge
II means that the South Is but upon the
threshold Of Development, and that this
hrst decade OF the twentieth century VII
witness a progress more marked than the
most optimistic have ever dreamed ola.
progress unparalleled in the history Of any
country.
have said that there Is no now South.
True, the old South Of slavery has passed
away and the South Of freedom has taken
its place. The South Of 1850 stroye to de.
fend what she conceived to be her rights
But the South Of this Twentieth century
the renewed South. If you please. realizes
that II was n blessing in disguise that took
away her dependence on the slave and the
Farm and gave her seif-rellance and the d.
yerslhed industries that are today blessing
her people with plenty and prosperity The
South has learned that not only Is the work
Of the free negro Of greater value than that
Of the slave, but that freeing him has freed
the white man from the idea that manual
labor was for the negro alone, and rich and
poor alike are now training their sous TO
work.