The Montgomery advertiser., 1908-03-10

and the development of industries, will De
 withheld until the lawmakers return to
 It is through capital and capital alone
 that the development of the South can be
 brought about But where is this money
 the Southern raiiways are doing ittIs more
 than earning their necessary fixed charges
 at this time. and dsspits this lssisiatures
 tions.; salvation does not iie in this euar-
 ter then. Where else then can the rail-
 roads seek the millions nsosssary to equip
 bring their lines to the highest efficiency7
 home and abroad7 And it is .st here that
 chilling hand on the 5otuh's advance.
 Investors are unwilling to place their funds
 in enterprises asatnst which the pubic
 of confiscation even though that risk is re-
 mote in the extreme. This. then, fs the
 roads find fhsmseives: a public on the one
 hand elamoring for greater facilities and
 lower rates. and on the other an investment
 satWesn fss ,hsss swo miilstonss If @ are the rsi,
 ways Of the South. and what the outcome
 viii be time alone can tell Twithout mon
 without this increased efficiency there can
 be no progress without public goodwin
 and hearty public co-operation there cen
 De no money, investors holding oack ID
 The South is now facing a far greater. . far more serious crjsis. than 1t realizes, and
 makers and to others influential in shaping opinion In the South to do everything m
 their power to stem the tide or tee.ns .n.s section. The South has barely begun te
 taste the fruits of commercial and in- sSsss ssr ,Sgs sn.r and and asrsfu " ss doing the slightest thing to retard the aI- ready long-delayed progress, The reser- idly and matters are shaping themselves for another long upward swing which will car. " this country to higher vantage srouna rightfui place in this onward movement7 Win 1t encourage commercial ana indus- trial development. bringing hsppiness ano .a chief industry, appealing to prejudice and hate by adopting any kind of law Just s9 t is against railroads or eorporssi1,ns tha tha wheeIs of commerce.. and spread poverty and destruction over a land teeming witn Sssusa wsSisn sad Gs .bs South given 1t mineral wealth. agricultural wealth. fsVoI- able climate artificial power in noaL 70 bower 10 run its mills. Capital can do the rest and make 1t one of the richest. most prosperous, and happiest sections ol tns great country, if it is permitted to do So. win its own people lock the door of op- portunity. destroy what capital # now pas and turn into other channels the d'sr,n ,ce ,Ss a past decade coptributed so much to It's welfare7
 The South cannot hope to 70 forward unlees 1t gives evidence of willingness 70 encourage and welcome capital and give t protection, and capital can be encouraEed and welcomed only throuah sincere assur- ances of fair play. Capital has p proysa what 1t can do for the South and politics has shown what 1t can do to capital " now remains for the South to say whether it wishes to continue the advance begun 70 spIendidly decade ago and halted onls when the feelings of the people got the better of their Judgment. Capital IS now looking toward the south because It knows # the tremendous possibilities of this great region; but unless the South is willing to zuard and protect invested funds and give ts great corporations flair and square treat nent capital will hold back. The South at his time owes duty to itself. duty of and Incomparable import. the iuty of showing to the country. to to,,t tne world that 1t is just and fair and willing Q protect the interests of these who con line their all to her. If the south fails in | his duty at this time. 1t will mean tre- neY,dous backward step. VIII the South | 10 it's duty to itself9