The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1905-01-05
ATLANTA PROSPERS.
Encouraging Note Heard From the
Capital of Georgia.

From the New York Herald Industrial
Edition.
Atlanta, Ga-Speaking of business, con-
ditions here Robert f. Maddox, president
of the chamber of commerce said:
Conditions generally throughout this
section of the south are good; but. as
six million bales had already been mar
keted at high prices befors the recent
heavy decline, the farmers are in good
financial condition and credit and, having
realized an average of s45 per bale for the
three preceding crops are now in a posi-
ton to hold the remainder of this crop
AZ least until they are convinced that
the acreage for the next crop will not be
materially reduced. The other leading
crops of the state corn, wheat and hay,
have also yielded abundantly.
"The country banks are all carrying
large line of deposits and are in a healthy
condition
1.-The city of Atlanta is growing rapidly
II is now the third largest insurance
center in the United States and the TWEEN
ty-seventh city in postal receipts.
1.-THE Building Inspectors books show
that during the year there has been
spent s3,bO00oO on buildings of all kinds,
and there have been erected during the
last twelve months an average of 100
homes per month.
Taking into consideration the rapid
strides the south has recently made in
manufacturing and in the scientific de-
velopment of her agricultural and min
eral lands, this section of the country in
few years will be commercially indie
pendent, and soon there will be oblterat-
ed all effects of the devastation ond DESC
lation 1t suffered in its terrible struggle
during the sad days of the CO.'S"
Walter G. Cooper, secretary of the
chamber of Commerce, said: THE cotton
crops of two years have brought the
south more than billion dollars, and
this section is more prosperous than ever
before For two years in succession Geor-
gia alone has grown crops of this staple
worth more than the total products of
ali the gold mines in the United States.
Our banks are full of money, and the
farmers own about half of all the de-
pcsits of this state. They have sold two
thirds of this years crop around 91a cents
and are able and disposed to hold the
ket. We expect a partial recovery Of the
price. This is the annual liquidation Pc
Rod, during which cotton is Utmost al
ways cheap.
"This year the southeastern states have
harvested a series of record breaking
crops-grain fruit and cotton. Merchants,
railroads and almost all the manufaot-
urers are prosperous. The long depression
of the cotton mills is relieved by a bet
| ter margin between raw material and cot
| ton goods
1.-THE relations of capital and labor are
| better here than in other sections, and
| the whole population Is steadily employ
| ed. Strikes are few, and the loss of pro-
| ductive power from that source Is hardly
appreciable."
Darwin G. Jones, manager of the At
| lanta Clearing House Association takes
| an optimistic but conservative view. At
| lanta's clearings, Mr.. Jones says. keep
| ing up the average annual increase of
more than ten per cent since 1893, and
| reaching in 1904 about $155, 000, 900, reflect
the general prosperity and material prog
ress of the nation in which cities ever
where have shared.
The percentage of failures curing the
year has reached minimum; manufact-
urers, particularly in the south, have ex-
perienced a rapid growth. and general
trade has been aggressive and pros
porous"