Panama City pilot. (Panama City, Washington County, Fla.) 1907-19??, 1908-09-03
Agrees With the p.lOt.


regarding securing money from the
East to promote the prosperity and
advancement of our agricultural in
terests, meets with responsive echo
from well known business man and
successful banker of DOthan, Mr. r.
G.. Williams, cashier of the Third
National Bank of that city, as will be
noted by the attached letter from that
gentleman.
DOTHAN, ALA, Aug. 26, 1908.
q. NJ. WEST, ESQ,
Editor, PILOT,
Panama City, Fla.
DEAR Sir:
| have just read with interest, your
editorial concerning the great oppor-
tunities in the South for capital, and
as stated to you in person, while in
Panama City, | am deeply interested
in inducing capital to our borders, in
whatever line of industry it may
come. The vast possibilities of our
future, with cheaper money to develop
our natural resources in the South,
cannot be conceived or estimated,
and the refusal of capitalists to give
us any consideration or encourage
ment has been a hindrance to our
development for number of years.
Your editorial covers the ground
SO well that it can be used by those
of us interested in a greater move
ment for our section of country, to
good advantage.
| am constantly corresponding with
the corporations interested in placing
capital, and would appreciate a few
copies of your editorial, if you have
them left over, to use in an effort to
interest eastern investors.
Yours very truly,
K. G.. WILLIAMS.
Nothing will help to secure added
prosperity, and double the farmers
assets, as will cheap money. This
class are now in the condition of a
perfectly equipped manufacturing
plant that has not the means to buy
the raw product for its use, or pay
the wages to work up such a product
or like railroad without equipment,
and unable to secure any.
Our farmers have many broad acres
of tillable land, they have the requi-
site knowledge of climatic conditions,
and available crops, to make their
efforts at farming successful, and
there is a steady and increasing de
mand for their crops. All they lack
is the small amount of additional
capital that will permit of their in
creasing their present limited output,
and further diversifying their crops
Persistent effort by bankers, bust
ness men, and the press, should re.
suit in turning the attention of East
ern capitalists and Life Insurance
cOmpany'S to the Lower South for
safe and profitable investments. In
vestigatiOn would show that the
Southern farmer is already prosperous
in a small way; that he meets his OBJ
legations promptly; that he is pos
sessed of those constituents that make
satisfactory creditors, that is honesty
reliably, and frugality. Furthermore
our lands are increasing in value
yearly through the development of
the country, and natural growth of
values, which further adds to the
value of the security.
With such a clientage and such
conditions there should be no diff
Guilty in our reputable bankers, with
their additional guarantee of the loan,
securing a goodly portion of the cheap
money of the East, much of which is
the low interest bearing funds of
estates and life insurance companys,
and place it where it would very
quickly add materially to the pros
perity of their home section, and in
crease their own local business.
If there were more energetic, broad
minded, persistent men like Mr. Will
liams, the Lower South would adj
vance by leaps and bounds.