Virginia gazette. [volume] (Williamsburg, Va.) 1893-192?, 1905-01-14
Notable Increase Shown During The
Past Pear
A STEADY INFLUX OF CAPITAL
The Remarkable Gain in Diversified
Agriculture Notaele--The Increase
IN the Taxable Value Of Property
20 Per cent-As Great as the In
crease In the Proceeding 20 Years.

the approximate agurSS or the assess
81 valuation of the property In all the
southern States at the beginning of
1895. publishing table showing by
States a totsl assessed valuation of
4 S4.5los25.es- in 1890. OF s5.s66. 594.e84
in 1900 and Of S6IS6.697.SiS in 1904.
Commenting upon these figures The
Manufacturers Record says.
These figures. subject in part 10 re-
Vision-and. it is believed in the case
81 two or three States. several million
dollars below what viii De shown by
the hnai, returns on assessed values
indicate the remarkable advance in
material wealth 81 the South between
1900 anc 1904. During that period. as
shown by these figures. there was
gain OF More than ssSO.O00. o0o. or az an
average rate % $3.50. 900 a wear
I The magnitude o. this increase IS
strik.ngly illustrated when compared
with the progress il the decade be-
. tween 1880 and 1900. when the total
4 Increase il assessed valuation was
Ss55. 600 or az the rate OF SIS 600
oco year. Il was during that decade
that the price Of cotton fell % its low
est point since the war. but during the
last four years thCre vas a steady ad-
vance 40 the exaggerated speculative
value OF the early part OF last year.
. Il may rot De possible 20 connect win
eIsctness the Increase in the price q
F cotton and the enhancement 81 the ~
sessed values OF property in the South
but that higher prices do have ma
terial bearing upon the prosne ritz.
goes without question.
IN studying this question. however
F i, should De horne in mind that during
that Lass few years the increase In
diversified agriculture in The South
has been almost as marked a. The in
crease in the value IL cotton. and sd-
oed 10 This is The really wonderful in
oustrial development The remarkable
. change from the lovr price uf cotton o.
slN or seven years aEo Dr. hardly more
striking thar IS the increase ia the pro-
2 duction o. grain. fruits vegetables
and other farm products The total
increase IL the assessed value Of prop-
2 erty IN the South IL the oC-year Der.
roc from lss0 90 1900 was s. $40 600. p
. GOO. or. iu other words. in the last four
. wears the gain IN the taxable value in
. TIE South has been 40 per cent rs
great as tbe total Eain ~ the proceed
Ing 30 years
Bearing on the Increase ia the as
se-sed value ~ property. The Manu-
'acturers Record gives iu detail Stats
4 Tics showing the great development az
i oiFersinc- farming I'D the south. which
f in connection with industrial develop
ment mas been potent factor in the
enrichment ~ that section and SAYS
h3 reason 90 tle short cr0r and
high pricee ~ cotton DOB 1908 and the
large crop and lower prices in 1904
me world attention has been $50 close
. iy conferred upon cotton that the re-
. Aarhanir lrFelopmelt iu diversified
agriculture throughout the south now
one ~ fhe most marked features az
southern farming operations. has been
o. co1silera llr extent overlook.
A. lrHa flc SClta produced such an
F exceptionally -4-e. grain crop that f
f "as hardly o. Df expected that there
would De q further increase in 1904
although there DIS practically mo- limit
~ The SoltAs capabilities in The de-
+ fe-opment q diversified farming Ia
1913 fle production ~ corn showed an
increae- az l1s.eNn. 900 bushels over
l-t- The aggregate production II
F corn ID me South Tor the last two
yeas was 1900. 900 600 bushels
against o.0l0 900 bushels FOR the two
F precef Ing years. an increase in two
years ~ nearly 100000. 600 bushels.
The total value ~ the corn crop ~
he last 100 years was $500 GOO GOO
against $556Qg0 900 for the tao pre-
ceeclng years. or a difference In favor
81 the last two years OF 1854 900 600
which was added 90 the wealth of the
south - TIE Increase ia corn alone.
lhere Has 10 material difference in
TIE wheat production bpt the higher
prices ~ wheat IL IS08 made q differ
ence 81 nearly SIS .001 600 20 the south
a. com pared Elth the wheat crop ~
1903 and a difference % Ssl 900 900 as
F compared with the wheat crop of 1907.
T The total value o. corn. wheat oates
F lrish potatoes. rye and hav produced
!n the South last year vas S542 600 600
a gain Of $50 GOO 0O0 compared with
1893 AID 81 Sl4O. 600. 900 cornpared with
1892. Outside 81 these croue and OF
4 cotton, the yaile a other farm pro
o2cts. including rice. sugar. tobacco.
sweet potatoes vegetables. fruits and
I've stock products. WIS about $3.50
I voyOyg. Or q total value q Souf bern
agriculture outside 81 cotton In 1904
o. about s. .Osz 900 900. The aegregafe
grain production ln the south lat
year was go eSe 900 bushels. against
t5s vDo.0ov bushels IN 1902.