Daily capital journal. (Salem, Oregon) 1903-1919, 1904-07-05
Remarkable Influx of Wealth South.


ern traveller in the south, embarkin
4 on railroad train for the first tim
, in their lives, headed toward Ne
, York City as a starting point for
trip to Jerusalem and the Holy Ian
Their inquiries as to what they shoul
+ do on arrival at the great city, di
closed their lack Of familiarity wit
modern customs, and incidentl
brought out the reasons for thei
journey.
The farmer had made during tn
past year through the rise in cotton
more money than is all the previou
years of his life. This unwontet
good fortune perplexed him sorely, bu
after paying all his debts, buying al
the adjacent land he wanted and fix
ing himself in comfort at all points
he could think of no better way tc
spend the remaining surplus than or
a trip to Jerusalem.
This farmer is the type of thou
sands in the south who now have
money beyond their fondest hopes
Astounded by their prosperity, they
are, at times, childlike in their pro
jects as to what shall be done with
their sudden wealth. The social eff.
fects produced by this sudden influx
of money will be interesting to no
tice. but will doubtless be even less
far reaching and significant than it's
political results.
Ohcial reports to the agricultural
department and the bureau of com.
merce, indicate that 100000 900 has
been brought to the south this year
by the cotton crop. A portion of the
rise in price was no doubt due to the
corner which finally col
lapsed but which lasted long enough
to give to actual producers an un.
usually large share of the benefit.
This advance may not be sustained
next year. Increased production is
likely to reduce the market value of
The crop now planted, but a return
10 the low prices of five years ago.
seems to the Sentry highly improb.
able.
The city of New Orleans. relatively
obscured for many years past by the
essened importance of her river trade |
shows a splendid revival as the re.
suit of this augmented wealth in the
section whereof it still remains the
metropolis. The whole city seems to
effect, in its activities and growth.
he prevailing conditions. More than
5000 600 has been invested in two
for property on which to
new terminals worthy of
ne location and long needed.
II would be hard to find q historic
alallel to the transformation worked
mong the farmers, manufacturers
'N' Nia9stS OF the south
y 'hese conditions, There are few
'he earmarks of a boom" the
breed, dollhouse, transitory prosner. Z
y otten seen there and elsewhere
ne south has been tagging somewhat
ehlnd the rest of the country for
'me years and has only begun to par.
clpate in the general DEVELOPMENT
MS seems now to be of the natural
ma which will go quietly and ner-
s'ehtly on, building up that section
ia changing many Of its traditions
southern manufacturers are he.
'mlns a leading factor in the in.
iStrial life of the country. Every
''erprlse in that section is now an. :
'pehtiy pushing forward with mar. 8
''ous energy. Villages are growing
TO hourishing towns with every inn. .
o'ement and appliance of scientific :
'ehtlon. The southern RAILWAYS ara
Ned TO the utmost in handling Tho
'"'' oi 'he newly aroused region. K
one significant and far reacbiro :
AZURE OF this development of ACTIVITY !
tue statement which comes from Z
Sou'h mat the only bar TO its 2
u rapid progress is an insuficiencv
labor Il is manifest that ho (
''nern states need diversion ~ I
stream of foreign immigration in
IN direction, and that movem,n+
] undoubtedly suggest its own
mods OF accomplishment The 3
at source OF relief however must ~
ne from a solution of the negro -
Diem in It's industrial asnects :.
ere Is the raw material of skilled
0r right at hand only needing
treatment, proper training and
moAlous cooperation to prove ner
lently valuable. (
re there not in this condition (
hinss the rudiments OF a bonanI
v 'aat the political negro problen,a
ind in this era OF awakene,
'sN ana uneXampled prosnarit,. 4.