The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1908-12-09

~laiANUrACTUREs' RECORD. RE-
vEALs OPINION OF WEALTH.
nees, Of Affairs Interviewed Rewardine
tac Possibilities I'hst Await Capital
In This Section.

~'' ~ = ~<@tcfient Dy Mr. PauI Il.
Brads os the Westinghouse Company
ehat he had recently raised S2.BO0. 900
Sor Investment In hydro-electric plants
u the South and expects to raise S1O.-
$4,000 more for similar work. The
manufacturers Record has endeavor-
- 70 present this week In letters from
seadins nnanciers and investors In the
Dast North and West an Interpretation
% opinion In other parts Of the coun-
ery - to the South AZ a field for the
probable investment OF capital The
writer's Of the letters. some of them
already heavily interested financially
IN the South. some of them paying no
Iced to u ut present. have written
With exceeding frankness. Their COM
mendation and their criticism COM
osned form an interesting presentation
ef Views about the South which Will
undoubtedly direct to that section
greater attention than It has ever had
iron, investing circles. The range of
opinion " well indicated In extracts
fronn some of the letters
John y. Dryden of Newark, N. j.,
Drssidsnt OF the Prudential Insurance
company. writes that "the South az a
asld for safe and conservative invest
nent has for some time past been re-
esaving our serious confederation. It's
ands,striai progress in recent years, Ito
VARIABLE natural resources, It's great
Droiniss for the future. largely aug
nentsd BY the completion of the 18TH
~dsn cisnal. all combine TO attract at
tention TO the opportunities for profit
abIt investment In this section" A
ops<daa representative OF his company
= now investigating conditions in a
number OF Southern States with
view Of extendig Investments where
e@s situation IL favorable ana reports
ehat have been received so far are en-
eeurasing.
- Htuyvesant Fish OF New York, long
sdsi,tihsd with developmentai railroad
voik In the Mississippi valley. notes
gsnsral opinion that the South is
mott attractive. II not the most at
xartive. field for the investment of
oaBitsl. Willis L. King. vice PRECEDENT
OF the Jones q Iaughiin steel COM
par'y, Pittsburg, says that '1t would
soem to me that the growth OF the
south In recent years I'm population,
ag7icultural wealth and Industrial de-
ye1opment makes II certain that this
growth win continue much more rap-
tdly In the future than In the past"
anil Joseph III. Hocdley. president of
the Alabama Consolidated Coal and
Iron company. New York. tells of an
investmsnt of nearly s1.oo0.00O made
by him personally In Alabama a short
time ago and OF his profound impress
sion OF tie possibilities OF the soath.
Ex-senator Henry G. Davis OF wash
inkton. who has been an active factor
In West Virginia development. writes
that "the south presents many and
varied resources and opportunities for
successful endeavor In enterprises re-
curling capital. energy and good juds-
mcnt." c. M. Coffin. of Chicago
writes: within the next 10 years the
South is going TO experience a great.
growth; nothing can bes urer than this
prediction. and the counties. cities,
towns ang school districts will all need
90 make issues OF bonds and anything
which makes these bonds secure and
Easy to sell will greatly facilitate the
development of the country"
J. J. Townsend of Chicago believes
That "the southerner sleeps on billions
of values. through no fault OF his. as
u takes money to develop and the
8~'uth has not the requisite at It's
command" while IL. Van Deusen of
New York advises that "the best and
only practical solution Of the problem
ID for all the best people OF the South
90 take hold with will OF the develop
ment OF their own country and when
they have demonstrated 10 the satis-
faction OF the rest of the country that
ahey mean business. capital will begin
TO flow In as required" q. w. Good
year of Buffalo. n. Y. who has led In
establishing one OF the largest lumber
enterprises I'm the South. thinks that
IL rests with the people OF the South
themselves whether or not their Sec
ton shall be developed In the near
future. Albert l.. Scott OF Lockwood.
Green a Co. OF Boston. a frm which
''has always considered the Southern
states as the best field for investment
AFFORDED at the present time" says: