The herald and news. [volume] (Newberry S.C.) 1903-1937, 1905-11-28
INDUSTRIAL GROWTH.
What the Years Record OF Industrial
Development or the Southern
Railway Reveals-The Uni
form Rate of Progress.

OudIIllllS
trial growth of the territory served by
the Southern Railway Lines, tor sta
red periods, the Southern Field pre-
sents in this issue a brlet summary
Of the development recorded by the
Land and Industrial Department tor
The wear ended on June 80, 1905, in
comparison with other years Inns
statement. covering tributary coun-
trv in Virginia, the Carolinas, lennes-
see. Kentucky, Alabama, Georgia.
Mississippi, Indiana and Illinois IN
cl,,des the development taking place
along the lines of the Mobile ana
Ohio and subsidiary lines operated IN
connection with Southern Railway
lines proper. The inquiries OF the
Land and Industrial Department COW
:er not only the developments OF pro-
drctive industry-industrlal estao-
1;shments and operations which con-
tribute to the tonnage of the rallroaos
but also those investments OF cap'-
+.1 (which are designed to improve
living conditions in the sections ser'-
I'd to facilitate traffic, encourage the
establishment of additional industries
and promote the more rapid peophns,
+rronoh immigration, of sections OF
the south whose crying need is more
people In the latter category are IN
c1rded the liberal and constantly III!
creasing expenditures on the part OF
municipalities for street pavementS'
sewers water supply and public light
ine-improvements which bear very
distinct and positive relation to the
work of locating factories and peo-
Die for nothing has been more con-
c1usivelv demonstrated in the 1nous-
trial rehabilitation Of the south than
that capital for industrial investment
is seeking out the cities and towns
which are taking advanced positions
in the character of their public con-
ven;ences and utilities This may be
counted as one of the several reasons
whv the south is forging to the front
industriallv faster than any other
section of the country, for critics and
towns are very generally undergoing
marked Dhvsical changes in the Sec
tions reached by the Southern Kali
wav lines and almost without excep-
ton municipal and private enterprise
are keeping pace with each other. Ihe
sum total of such investments and eN-
penditures, public and private, tor the
period named, was Sl1o,ooo,o34 COM
pared with S115.o4o,S4S for THE prevl-
Gus wear, an increase in the rate OF
growth of S486o,o86 or 4.8 per cent.
During the past four years the rate OF
this growth has been remarkably uni
form. In 1902 it was represented by
investments and expenditures amount
ing to s112,441.559; in 1908, s11Z-
$4,000; in 1oo4-5 as already stateo'
s115,o4o,S4s and S11o,ooo,o34, respect
ivelv, making a grand total OF S4o4'-
S1S,o31 all OF which is demonstratlVe
of the fact that the present industrial
,rooress of the south-so far as the
territory contiguous 70 Southern Kali
M Mav lines is illustrative OF the general
s;tration-is we'll sustained and re-
markably free from recurrent perlooS
OF activity and depression. This con-
c1nsion is borne out by examination
o1' statistics relating to purely indus
trial Developments as we'll as IN the
statistics covering the public and
ouasi-public Improvements in the Sec
tions under notice. For the year end
ed on June 80, 1905, the amount OF
CAPITAL actually invested in new indus
tries tributary to these lines amount
ed to s3o7oo,ooo, compared with s32'-
ooS.75o for 1904. s25,76o,65o for 1903
and s27,3oo,S5o for 1902, total tor
the four years of S116,7S5,159. During
the past year there was invested IN
the form of additions 70 industrial
establishments the sum OF So,oI2,312,
compared with s14,56o,7Ss for 1904,
s15.5e3:643 for 1908 and S6,2o3,3oo
,ooo total of Shs.127.O13 or a