The Montgomery advertiser., 1906-03-17
SOUTHERN PROGRESS
GREAT INCREASE IN BANKING FA-
 CILFrIEs OF SECTION.
Future Tx Am Fun of Promise As Is the Present 0f Substantial Reaaixa- tien.--union of Local and Out
 side Money.

Baltimore, March 16.--lSpecial.)-- The Manufacturers Record in it's issue this week says:
 .considered in every way. finances of the South are in splendid condition and the future is as full of fine promise as the present is full of substantial realt- zation. One of the most significant features of Southern progress IS the ra- pIdity with which the masses of the people are being supplied with banking facilities and are. moreover. becoming accustomed to use them. Although the centers nf industrial and commercial activity have long enjoyed the advan- tages presented by banks and trust companies. the number of those institn- tions in its smaller towns has been few until of recent years. in which large numbers of them have been establish ed especially after the passage of the act of 1900 permitting national banks of less than $5o.ooo capital. Since then the number of banks in the south. potn State and National has increased with surprising rapidity. even considering the wonderful growth of It's industry commerce and agriculture.
 This Is evidence that many Of the people, hitherto averse to despositing their money in banks. have changed their mental attitude toward such en- terprises and are demanding that they be supplied with accommodations for deposit and discount. This growth of banking and its placing in touch with the world of progress thousands or farmers and other parsons whose con- nection herewith was formerly remote and infreouent is part of the suhstan- tiaI foundation which has enabled Southern financial centres to display themselves year by year more and more 1 fnra crop-moving seasons come around. It also betokens the growth of new spirit in the very heart of the South promising to bring about a wider ns- tive development of natural resources. instead of a development only by out side men and capital"
 Manifestations of the union of home and outside money and energy in in- dustrial development are steadily in- creasing In number and are fairly well typed in the following announcements of new undertakings by States during the past week made in The Manufact' urers Record:
 Alabama-Brick works at Greenville; chair factory at Mobile; bagging fact ory at East Gadsden, canning factory at Huntsville and at orrville: cement plant at Ragland; marble auarries near Talladega.
 Arkansas-Brick works at Pine Bluff; timber development near Lonoke; creamery at Loaoke; Ice plant at De- Queen.
 Flordia--DeveIopmen of i90.000 acres of tlmber-land near Apalachicoln; gas plant at Miami; naval stores conl- pany at Pensacola.
 Georgia-Cold storage plant at Wa Yerly: development of manganese ore near Etna; cotton mill st Summerville; overall factory at Carrollton; enlarge rnent of cotton-seed oil mill and ferti- lizer factory at Cordele; foundry and machine shops at Macon.
 Kentucky-woolen mill at Mayfield; coal mining with construction of 3e0 coke ovens at Harlan.
 Louisiana--Grist mil at ffammond machine works and dry-doek at New Orleans; foundry and machine works at Mansfield; brick works at Zachary.
 Maryland-Trebling Of capacity of sash and door factory, addition to fact ory and glass decorating factory at Baltimore; enlargement Of bottle stopper factory at Highlandtown; plant to make construction material at Cum herland.
 Misslssippi-Fish-fer fertilizer factory at Biloxi; lumber plant at Pascagouia; ice factory at Scranton; lumber plant af Stoneville.
 North Carolina-Bagging factory at Lattimore; furniture factory at Reids- vile; veneer mill at BiltmOre: cotton mill at Cooleemee: lumber plant at Kei- 1um; couch and lounge factory at Me- bane; machine shop at Asheville and Greensboro; brick works at Whining ton; woodworking plant at Wendell.
 South Carolina-Addition to cotton mill at Cowpens; foundry and machine works at Spartanburg; ice plant at Beaufort; cement block plant at Greer; lumber plant at Madison.
 Tennessee-Coai development at Obey City, cannery at Camden; skewer fact ory at Memphis; cannery at Union City; abattoir at Nashville
 Texas-Ice' plant at Nacogdoches; ce- ment stone factory at PlainsView; pot ,tery at Elmendorf; ice plant at Big Springs: addition to cotton mill at Dem nison; creosoting plant at Jefferson; VeDeering factory at Orange
 Virginia-Wire screen plant at RIch- mond; fuller's earth plant, sand lime brick plant and shirt factory at Nor folk; shoe factory at Lynchburg; Ice factory at Lexington; furniture factory at Martinsvilie; iron development at breton; additional asbestos deyeloD- ment at Bedford City; coal developmept at Pennington Gap.
 West Virginia--Nut-lock plant nt Huntington; marble works at Philippi: concrete block factory at Williamson: coal timber and oil development at half dozen different points.