Okolona messenger. (Okolona, Miss.) 1900-current, 1903-11-04

been invested in such additions for the year e. 704
600, which equalled, substantially, the investment
in new mills during the year ending June 30, 1902
and exceeded the cost of additions for that year by
81, S55, $780, or $50 per cent.
The several related interests which make up the
cotton industry, including cotton mills and their adj
ditions, knitting mills cOttonseed oil mils, gins
and congresses, etc., totaled an investment for the
year OF S10,376, 100, compated with S7,5l4Sb0,
shown. net Increase of 81, ,811 250 or 81 40 per
cent. On the same date there we're under cOnstruc-
tioh cotton and subsidiary plants involving an in
vestment OF 80, 1885, 900, compared with $7212,5O
for 1902 increase OF 81, 972' 500, or q "a per-
cent. An even more conclusive showing OF the ad-
vance made by this industry is found in the record
of mill equipments, which on June 80 showed com
comparative increase OF 128 and SO per cent, res
pectvely, in the number of looms and spIndIes in
stalled, thus emphasizing the fact that, while there
comparative net loss in the rat Of growth both
in the number of new mills erected aud in the
amount of capital invested in them, the industry
whole, in Southern Railway territory, scored an
unprecedented advance in point of enlarged cspac-
ity.
It is to be noted in this connection that at the
close OF the last fiscal year the textile mills under
construction showed an increase in number the
corresponding date of 1902 of 1880 per cent, the
looms an increase of So per cent and the aggregate
investment an increase OF 20 per cent, over tie
responding date of 1902. This indicates that the
activity displayed during the past year in enargug
the capacity OF existing mills is again reveTting TO
the field OF new construction. 1t is to be noted,
however, that the records available for the whole
South for the third quarter OF a new year. embrac
ing the months Of July, August and September, in.
dicate that the established mill companies made in
staations equaling about twice those of the recent
corporations.
Products Of Mines which in 1902 furnished near.
" 42 per cent of the freight tonnage moved on the
Southern Railway lines, continue to be a growing
focf0r in the panaraI devaIonmaut nj fha sonfh
Records for the past year show an Investment Of
capital in coal mines, iron furnaces and other min
eral developments closely enough related TO be
grouped for purposes Of comparison, aggrega ing
| $6, 100000 Compared with the records for 1902,
this exhibits increase in the annual rate OF growth
of 81 947, 900, or 325 per cent The preponderatug
factor in this, as in cotton and other industries
expansion 10 the form of additions to existing plants
These additions involved an investment of S3, ,676,
600, compared with $500, 900 for 1902, an increase
Of about aveand half times that Of the proceeding
year. InOeed, the reported cost OF these additions
equalled three times the Otal capital invested in
1902 IN the several industries comprising this group
This increase however, included ST. 242 900 OF new
capital employed in mineral developments for whicn
developments of corresponding character had yet
been initiated in 1902. On June 80 plants embrace
ed in this group we're under construction Mt an esti
mated COST OF &c. 100 900, compared With 25S5 900
on the corresponding date Of 1902-an increase. of
50, 515 000 or 1876 per cent.
10 products Of the forest growth for the year. was
fully substantial and quite as surprising in the
comparisons involved with the previous year as
other leading traffic. producing interests. Lumber
mills and woodworking plants with new additions
on June 30, made up total investment for the
year Of 3d. SIG, ,70O compared with e2, ,34S 400 for
the yearan increase OF S3 47O 200 or 148 per cent
Again enormous expenditure for additions to
existing plants is noted. Ia this instance expendi
lures Of this character we're thigteen and one half
Simes thOse II 1902. In new lumber mills the in-
over the proceeding year rs per cent and
/ In related plants As per cent.
/ AS general proposition, the movements of peo-
pie are in sympathy with the movements OF
their products aud population assemblies at the
seat OF industrial activity. OF course the enormous
idustrial development OF Southern Railway territory
has been accompanied by the advent Of the
mechanic IN constantly increasing numbers, hut the
increase 10 population-as shown by The Federal
Census, and corroborated by the records and Obser
vatiOns Of the land and Industrial Department-has
not been pr0poFti0ned TO the increase OF manufac.
lures, although the rate OF this growth unques.
4 tonably much higher at the present than any time
within the decade covered By tbe late census. The
factories have been drawing heavily upon the rural
districts Of the South for labor and skill, and ths
loss to the agricultural sections, coming at time
when the establishment OF mills and factories should
have had The reverse effect OF making farming more
profitable and attractive through the multiplication
OF home markets, has brought forward very promi-
nently the Importance Of attracting desirable classes
Of immigrants to people the idle lands.
The status Of the new settler in the South Is not
unlike the initial investment Of capital il business
enter orises-the first stage Is largely experimental
This has been especially true Of the high-class,
substantial farmers oi the North aud West whose
movement to the Southeast which began about 1900,