The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1903-08-17
The Eldorado in the South.

/
southern study that we discussed last
week we supplement today with a
remarkably clear and strong article
IRON Richard H. Edmonds, OF The Bal
tlmore Manufacturers Record, printed
on this page.
MT. EdmOnds is a Journalist of high
repute for understanding and accu-
racy. lie speaks from personal in
vestlgatlon and by the card of scrupu-
lousy correct statistics. The picture
which he presents Of the forthcoming
properties of the south in the lines
or her industries is one that captures
the Imagination and speaks to the
pride of our people in a peculiarly
stimulating way.
The cotton situation is plain The
law OF demand and supply explains it.
The users of cotton goods from the
Hottentot with his clout to the Paris
lenne with her filmy skirts, compel
the manufacturers TO make goods
and the manufacturers must come to
us for their raw stuff So long as the
outside world grows less than one
fourth what it uses Of cotton and we
use bat two-fifths Of what we grow,
there you arei 1t is another case of
Brer Rabbit "just hayin' ter climb de
tree" If we do not break the prices
by our own folly in domestic econo-
mics the world must come begging
with cash in hand for our surplus cot
ton.
The man who held his actual cotton
last year sells it in Atlanta for 13 to
$50 today, and the Brown crowd is
bidding Is for it in New York. Herein
lies the tremendous opportunity of the
southern people to use their capital in
keeping the cotton market and trade
within their own control With that
once fairly accomplished the south
will be panic-proof and prosperous be-
yond any record OF her past.
But to the $500, 900 of our raw
cotton and cotton seed sales there re-
main to be added the earnings of our
railroads, the value of the finished
goods of our cotton and other facto-
ries, our vastly profitable fruit and
vegetable crops, the proceeds of our
mines and quarries. The census shows
that the manufactured products of the
south exceed our agricultural products. |
Putting the two together we are |
shown to be clearly beyond the line of /
mere self-support. The south is MAX !
ing money, acc IN lItfI,s surplus i'm
From The Bankers Magazine,
leading banking authority, we could /
extend quotations to show the solidity
and conservatism Of our banking sys-
TENS in the south. They stand second
to none in these essentials.
In the eouth our educational plants,
state. sectarian and private, are being
greatly improved and the percentage
of illiteracy among the people is stead
ilv going down toward the ninimum
point Technical efficiency in agri-
culture and trades is IMPROVING.
Morals are better regarded l. public
and private life and Grim is under
good control. Capital and opulation !
are inquiring their way bler more s
mistakenly every year.
What interest can sucha people {
have in prophecies of cam ity and t
creeds of discomfort? WAare for f
prosperity and the deep seed deter +
mination of our people it, foster
and further It. Whoever Hects to .
make Roadway with a gosp0 lamen a
tations in the south will fl that he S
is estrayed from his propgpasture. Il
if there be any pasture " IN this s.
country for such an ass. a
With our prospects as II are set fl
forth in the incontestable Is of the n,
articles we are printing anNmment- n,
ing upon. the southern pie may e(
we'll look forward to q pN Of I'M in
precedented prosperity. W