The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-03-10
Marvellous Advance.


tSoutherncrs themselves" said Mr..
F'reund, as he talked with a Times Dis
patch REPRESENTATIVES yesterday, "have
no idea of the enormous advance the
South has made in the last twenty years.
When raveled through the South in
lSso the whole capital invested n cot
ton mills was but twenty-five million
dollars.
- To-day It is over two hundred and
twenty-five millions. The capital in.
vested in manufacturing was but two
hundred and fifty millions in 1885; to-day
1t is over fifteen hundred millions. Twen-
" years ago the total value of your
manufactured products was about four
hundred and fifty millions; now it is over
eighteen hundred millions. The value OF
your farm product was six hundred mil
lions; now it is nearly two thousand
millions. Then YOU had in the whole
South but two hundred national banks;
now You have twelve hundred Then the
national banking capital was but forty
i've million dollars; now-it. is one hun
dred and twenty-six millions. Then the
surplus of your national banks was only
nine millions; now II Is over fifty mil
lions. Such progress has never been
shown anywhere on the earth In the same
length of time
These figures give however, no ade-
quate idea of the tremendous advance of
the South. which is going ahead posi-
lively faster than any other section of
the United States.
"a significant proof of Southern devel-
opment, continued Mr.. Freund, SIS the
enormous increase In the extent of the
musical Industries there. Years ago you
would barely find more than one or two
struggling music dealers even in the
largest cities of the South. Now you have
even in the smaller towns many music
houses with ample capital and extensive
organizations
''At the banquet given me Thursday
night at Murphy's Hotel, your Mayor,
Mr.. Mccarthy, very properly pointed out
that there could be no better way to
judge of the prosperity and culture of a
community than to note the condition
of the music business there.
II am proud of the fact that have
for years directed the attention of the
capitalists, and manufacturers in the
musical industries to the immense field
open to them in the South
1.-THE great uplift in the South must, in
time. exercise an enormous influence on
the whole country, ndustrially, CONNER
cially and socia bly,
Tour of the South.
Mr., Freunl is now on n tour of the
South. which will take him as far as
Jacksonville and Mobile-and through all
the leading cities. He is not only send
ing correspondence to his own journals
and other leading papers with which he
is connected. but is actively engaged In
bringing about better economic condi-
tions in the musical industries by bring
ing competing and warning interests to-
gether so that they may work for tho
common good. Last spring Mr.. Freund,
who is accompanied by MS wife, made a
trip of 1900 miles, from New York to
New Orleans and thence through Louis
lana. Texas, Arizona, New Mexico, along
the Pacific coast up to San Francisco.
Portland, Tacoma and Seattle. His views
on industrial economies" as WEI as with
regard to the growth of the musical In
dustrics were quoted at length in all the
daily papers of that section.
lie Is an enthusiast on the subject OF
the future OF tho South, the Southwest
and the Pacific coast. siEf:..
AS he says, ITO the country where
the soil Is fruitful, the climate genial, the
mineral resources of nature over abun-
dant. man Will migrate. Indeed. he is
already migrating. In the last few years
tens OF thousands of well-to-do farmers
have gone from tho Middle West into
Missouri Texas and nelghboring States.
People away up In the frozen North
arc finding out" said Mt. Freund, what
a glorious climate you have down here
and they are taking advantage of your
longer business hours. Tho eyes OF the
world are on the South and within the
next decade or two your labor problem
is going to he solved and the South and
the Pacific slope are going to be the
granarics for the whole world. Nothing
can keep the South from prospecting"
Mr.. and Mrs. l'reund will remaln IN
Richmond until Sunday night. possibly q
day or two longer.