The St. Louis Republic., 1903-10-25

EFFtELI" SFB~GAL.
New Orleans. Oct. commenting uuou
the marked progress being made in indus
trial growth along The lines % the south
eru Railway. th" President or that com
pany. Samuel Spencer. Boz his report Te-
fsrr"d 20 'hr fact that Industrial plants
and developments completed and rut IN
0p.rs iiol numbered no les than 10
Following this. equally significant refer
rnce WAS made 90 similar development lI
th- report f1- tEc lar. year AR. Spencer
dwelling ON the fFat thI= progress had
continued most satisfactory and sucOur-
aElng.
u mizht have come u for stronger
Terms. Tor IL is stated THAI new plants OF
various classes completed during the 1916
fiscal year were 7s5. and that 1i6 more
were under construction. with 20S In course
OF Srine materially enlarged.
How far such marked expansion has
aided earnings may presently be seen. al
though Of course exact data on such o. gem
eraI head could not possibly be produced
What is worth noting here. however. Is
the further evidence that progress has con-
tinusd forward and ON remarkably sub
stantial lines. this time reference being
made 10 the South as a whole. whose th,r-
teen States. according to the Chatta-
HoOEa TradsSnan. iu the third quarter OF
the current calendar year succeeded iu
rolling M the magnificent total OF 1876
new industries.
As this b. brought into comparison with
/ T. new concerns starting out iu the like
quarter OF 1872. itself a record for activity.
% IS obvious that enormous strides have
taken place In the forwarding Of Southern
Industrial enterprise. the increase being Lsf
In the number. and enough. as IN MANY
previous quarters, % leave stout addition
tn permanent Institutions. assuming. IS Is
ALWAYS the case. that MANY weak ventures
are embarked on which are OVeTtakeu by
embarrassing conditions. finally 10 fall out
. ~ the ranks.
LARGE AMOUNTS INVESTED
70 would be interesting 20 know what
amount o. capital Is Interested in all the
Industries 8 thus reported az making "A be
ginning
The sum must be- o heavy one. y only
AT idea De- taken from the fact that Tor
the textile plants which were placed ir
operation or Z" which additions wsvc maze
IN lSi- along he Southern Railway the ag-
isreEatg capital vas Nf6fu.tNu. U- from the
detail thar tweuty-Due new textile plants
were under "uurtrUrtiCu al the close Of
49, representing capital Of So.Sc0.ca.
- an 'rIlr- further .uuIgdtlDu. IL ~
stated that during the late wear the invest
H"ntS lu IGmGEr and o'Ees WoodT OrkinC
enterprise completed amounted TO over
fIpDfir'. and IN additions Co el;!sting plants
60 about S3-0.Oh1
According To the Trademarks Compila-
lion FOR the September quarte.. there We're
rs many as niu"ty-uine new cnmQrCssscs
and gins and thirty-cight new cotton and
wooden mills launched during that period
throughout the south. while other pr0ni-
UCUi Industries include - woodworking
glHatS. - mines and quarries. th.rty-SiN
tTlck ard t!.- worHs- nineteen canning fac
tories. Efty-IvU electric HCht and power
companies. Tv,vty-sighi -four and -rist
9ill<. l0I natural gaS and oil companies.
thirty oil mills and reflnrrirs. thirtV---vru
IRON working plants and other large cDu-
crrrs that are using and developing the
natural resources us the south.
Turning TO the record made by the
Southern Railway. Louisville and Nash
vile. ard few other prominent rulds.
whose figure have been published for the
late fiscal wear. ir b. .Isy Co see reflected
therein the industrial movement which has
been Eo.uE Oh iU the south. Indeed one
~ tn. conspicuous features 0f recent
noteworthy railroad progress has been
tle large gains piled up hy these systems.
DuEluariSous Tor which make this splendid
eNh bit.