The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1907-05-29
South Cardinals Progress.

South Cardinals Progress.
Ex-senator McLaurin of South
Carolina, while in New York
yesterday, spoke of the progress
which that state is making in
various departments Of business.
He spoke especially of the
banking system, which has
sprung up since 1885. Marlboro
county, one Of the finest cottoh
growing counties in the State,
at that time was without bank
and practically all of the bank
ing was done with Charleston:
$50 miles distant. Now there
are FIVE banks in the county. one
of which with a capital Of $780, 900
has deposits ranging from $780,
600 to 700, 200. There are other
instances in which banks are
dong as well in various parts of
the State.
When asked in what ways the
people were using the money
which they had made in the re-
cent years of prosperity, he
said.
They are putting it into
banks, into mills, into forest
properties, into better houses,
furniture making, cotton oil
mills and snch projects as ice
plants and municipal improve
ments. One of the oest oppor-
tunlties in South Carolina towns
is in a combination business in
which ice making and the fuel
trade are combined. More and
more our people are insisting on
a higher degree of comfort in
their homes. They are not so
simple in their living as former
ly, although they have not as a
rule become extravagant. Meth
DDS of travel have improved
materially, and the conditions of
living are not what they were
even half a dozen years ago. !"
Senator McLaurin laid en-
phasis upon the necessity of in
ternational banking connections
through American institutions
by which it would be possible
for the southern exporter of cot
ton products to reach the mar
kets of the world more directly.
He said that it is too much the
practice to have to do business
through London. We ought, he
thought, to be able to finance
our CIR foreign commere.
Speaking further of the lead
ing industrial district of the
Carolinas, where the cotton
mills are, he said:
"When it reaches its full
statute the Piedmont region OF
the Carolinas will dominate in
cotton manufacturing just as
surely as the southern cotton
belt now dominates the worlds
raw products. We are today
supplying our domestic needs
and exporting on the average
only $50, 100000 worth of cotton
goods a year: while we are sup
plying Great Britain with enough
raw cotton to meet hsr enormous
home demands and in addition
enabling her to export nearly
$500, 100000 worth Of cotton
goods annually. Besides this
we send to Germany, France and
other countries enough raw ma
terial to allow them to outdis
tance US as exporters of finished
wares.
:.This Piedmont section has
many advantages which must
ultimately centralize cotton man
ufacturing within its borders.
Climate: agricultural products:
raw cotton, and especially hydro
electrical developments now un-
der construction. The Whitney
Company has nearly completed
a 10000 0-horse power plant at
the town OF Whitney, n. c., and
when its other falls are com
pleted it will have nearly 120, 900
horse power Of electrical energy
available for turning spindles
and looms.
SAT the New Orleans conven-
ton in 1905, I started the move
ment to have the United States
government appoint a commits
sion to Investigate the cotton
trade abroad. seeing that this
forms the most important item
of imports by every non-manu-
featuring country. A commits
sion of TWO was finally author
lied as a result of this agitation.
One of these gentlemen, Mr..
William Whittam, Jr., who is a
manufacturer, went to
Manchester, England, and |
have from conversation with
him, and also from the very in
teresting and valuable reports
,sAal a G,.o,oa 4;n,o "a +iran ta tho