The sun. [volume] (New York [N.Y.]) 1833-1916, 1908-08-04
rae SOUfH C0NsERYATfva.
Fer tho ueselepmeat Of It's spiezdid ~
eeuFces IL Must Have Capital.

Nv ~ ~ ~ w.
soufces 10 Must Have Capital.
To TEE EpIroB or TIE sux-Sir. TIE
most stirling phase Of business and political
thought In che South just now is the growth
Of conservatism against the radical spirit
OF destruction which swept over that section
az Il aid over others. Whether this spirit OF
radicalism 10 spreading In the West. 90 soms
claim. or not, Il ID oertaialy on the wane In
the South. It 10 not ct all improbable that
the South may become the centre Of the
active upbuilding conservative forces OF the
country. IL has more to gain than eny other
section by following such 0 policy, for IL has
more potential wealth han any other, but all
its vast latent resources win be worthless until
touched by the magic. wand Of capital. China,
with its thousands OF years Of history as an
ufdevsloped country, q land OF iimltless
possibilities and Of desperate poverty. might
a. wAil boast Of Ito great stores Of coal and
iron ore % The South. unless the latter mckee
lie boastine good by utilizing these natural
resources for the employment OF its psdpls
and the development OF wealth.
No one has ever thought that the owner
Of the buried talent had causs for Boosting.
Why then should any country boast of lie ere
and coal, fs watet powers and other buried
taients uniess they are put 10 use for the
benefit Of snankihds The South has such
limitless stores Of buried talents. such vess
dormant wealth. that its people are beginning
To uQdeTHt1l4 tnat HnHB 0bb Dteu uOho III
material upbuiding 10 enthusiastically small
a compared with what can be done. They
realize now more fully than ever before the
folly OF pursuing policies which halt develops
ment, drive away local capital and keep 6ut-
side capital from coming iii to take part In
utilizing these great resources. Southern
people with money were until this wave OF
agitation commenced to fecede afraid to
Invest their capital at home. One cass
illustrates thousands. A Georgia man who
had some thousands Oh idle cash In bank mas
AFRAID 10 invest lii any line Of securities. bue
Anaily concluded that the bonds Of o certain
street railway in his own State were sbso-
Just whsn be was ready to buy. o Leading
state ofhciai made such q bitter attack upon
that road that the bonds were not purchased.
and the lat I heard the money wae eth lying
isle 10 bank.
Fortunately net ohfy tor the South but for
the whole country the South has learned 10
leseon. II paid dearly FOR its experiences. but
burned child dreads The iife. Now tke south
b facing the sunrise Of q new ana better day.
It has learned that the political defnagogus
but ieads to the grave. II has essh 1 vision
Of lie p6ssible future. ana q has determined
10 make thls vision 1 reality. This possibiia
ny is based on natures lavish blsssihss.
GREAT Britain. Germany, France ana Austria
hkvs about 1900 SQUARE miles Of coal land.
Ths south has &. go square mites. All Enc
fofIs N credited BY ia experts with S.S0o 100000
tons an iron ora. ana thA TINTED StsteS Geo.
ioRical Survey Gives 1850. 600 10 2yoo0y06o.-
80 tons q the Lake Superior sutpiy, upon
which depends the whole iron and steel
trade Of Pehnsyiyania and the Lake fesio0,
AZ the same time the Gsolosical survey
credits the South vith-3syefai billion tons az
oss ayailabls Tor bfessnt mass and M u~ltifuats
sutply vhea the lower GRADES Are needed 81
more than i6yooo. 100000 tons. fhus ths
south has coti and orc enough FOR e4bansion
Ia thee ihaustnes beyond the WofAie pro.
duct!6n d present. A practical monopoly
az Soft6n Sivss ira South An annual draft or
E,,eenA f6f about AGO 3 oyo6o. which must Be
psid fsaardless Of general business condi-
ia cottop cfco Il now annually worth.
inciudins sesd. about e7so. Zoo. Add ID
this the value 81 cotton goods aiad cottonssed
produpss Turned ont OF Sotthern rniiis Ana tAs
value on the crop 20 this section really figures
up nearly ti .ooo. 900. 600 d year. Its train erop
now runs 10 ahout soo. ooo. 90 bushels 4 wear.
ana the value OF All aRficaitnral products.
outside of costou. Il about d 500, ooo, 1000, the
.-tEEE -. e..aSs aL-Ix ~. 49, =. 49,