The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-11-03
SOUTHERN DEVELOPMENT.
Great Progress being Made I'm Every
Line OF Industry.

Baltimore Sun.
A very interesting article upon the great
industrial development in the South VIII
appear In the November issue Of the South
ern Field. published by the land and In
dustriai department OF the Southern Rail-
way. In the endeavor 10 show that the
South offers better inducements 10 immi-
grants than ever before In its history and
that the people are taking advantage of It.
the article says that the years 1901. 1909
and 1903 will figure in the record Of the
South as the period OF transition between
the preliminary. or tentative. and the as
sured and permanent growth OF the Sec
ton. as far as this growth is effected by
the investment Of outside capital and the
movement of immigration.
This phase Of Southern development Is
distinctly reflected i'm the Southern Rail-
way Company's record OF Industrial invest
ments in it's territory for the fiscal year
ended June 30 last: Investments or expendi-
lures for the year in Southern Railway ter
ritory p~roper-which investments compre-
bend developments both OF production and
conservation and enterprises OF a public
and semi-public nature as well as enter
priSes OF an Industrial character purely
made up an aggregate OF Sill ,4s4. $50. COM
pared with Sill, AL $50 for the previous
year. a net increase OF A.99S, III. or -
per cent There was spent on endorsements
of existing plants sl5.593. 64s. the remark
able increase of 149 per cent. over the pre-
vious year. There was an increase OF IL
per cent. in the amount OF capital invested
In new plants and additions TO old ones.
The cotton industry made its chief stride
in the direction OF engagements to existing
plants. The article says:
such additions for the year 81. 1ei .6oo. which
equaled, substantially. the investment IN
new mills during the year ended June 30.
1902, and exceeded the cost OF additions for
that year by s., S5.2 go, or l54 per cent.
The several related interests which make
W. the cotton industry. including cotton
mills and their additions, knitting mills,
cottonseed oil mills. gins and congresses,
etc, totaled an investment for the year OF
lO,S26, 100, compared with S~7,5lf.S50, showing
a net increase of SSH. go, or $40 per cent.
On the same date there were under con-
struction cotton and subsidiary plants in
volving the investment OF S~s.lS5.00o. COM
pared with s.. 500 for 1900. an increase OF
s1,9I2,50o. or 27.3i per cent"
Products of coal, iron and other mines,
which furnish nearly half OF the freight
to grow. In products OF the forest the
growth was equal TO other traffic-producing
interests. Lumber mills and woodworking
plants, with additions. on June 30 made
up a total investment for the year Of S.
SIG. 200. compared with S2.S46.4 $50 for the pre-
ceding year, an increase OF S,47o.259. or las
per cent. Additional proof OF the growth
OF the oOuln anu lne luHuX OI FARMERS anu
other settlers is shown by the sales OF land
and the building record. The account says:
ION June 30 the land and industrial de-
partment had recorded the sale OF 2.270.01
acres of land contiguous 10 the company's
lines, which included purchases by log;
farmers. The buildings of all descriptions
erected during the year on the system num-
bered 1918, compared with L.5l6 in the
previous year, an increase OF 1861. or 2.2;
per cent. The aggregate cost Of these build
ings was $40. 50S,2 33, compared with $23.
SS7. 210, a relative gain Of $2.521. 023. or Ice
per cent. The high percentage in number
compared with cost was due largely e
the demand for dwellings of moderate cost