Panama City pilot., 1908-12-17
Commercial Club.
Edited by w. F.LOOK, Secretary.


ers' Record" requested articles from
various classes of business men on
the trade situation, and the indus
! trial development of the South.
We invite the attention of our
readers to the following two, included
in those received in response.
sc. w. Goodyear, president Great
Southern Lumber Co., Buffalo, New
York.
There are undoubtedly many ad-
vantageOus opportunities for the in
vestment of capital in the South
which will be accepted and made use
of, provided, of course, the attitude
of the people, the various State gov
ernments and local influences are
generally favorable toward corpora
tions and toward capitalists. 1t goes
without saying that large business
enterprises cannot be adVantageOusly
carried on nowadays without cor
pOrate organization, and it is also
we'll understood that to carry on and
make successful business operations
in these days of active competition 1t
is necessary to practice rigid ecOnO-
my Economies cannot be secured
by the old method of small individual
operations. Furthermore, the mar
kets of the wOrl1, which are essential
oftentimes for the disposal of the
products of American factories, can
only be reached through large or
ganizatiOnS which can afford t) eX-
pend the money necessary to reach
the foreign markets. The South GER
tainly has natural resources which
are abundant and which will be very
attractive to investors, provided the
popular and political conditions are
such as have indicated above. Com
panies in which / am interested have
made large inVestme nts III the South,
and the outlook | may say has a
reasonable degree of hope for fair
success in the development and pro
secutiOn of the business which these
concerns have established. The fact
is that it is largely up to the South
ern people themselves to determine
whether or not their section of the
country shall be deVtl ped in the
near future. | believe that the Young
intelligent men of the South today
are desirOuS Of having their country
developed and of inviting capital to
their midst for these purposes. Any
the intelligent young men of the
South finds them active, progressive
and effective. They today seem to
me to have business qualifications,
energy and perseverance equal to the
young men from the Northern States,
and | believe they will have their full
share Of the profits which are to come
: to the organizers of great business
enterprises for the development of
, the Southern section of our country.
The Manufacturers Record, to my
mind, is doing a most excellent work
for the people of the Southern States;
) it is bringing to their attention the
| Importance of encouraging the in
veStment Of capital, and it is bringing
to the attention of Northern people
opportunities which are there waiting
- the investment of their money.
= most heartily commend the efforts
which you are making in this behalf.
The foregoing is what now occurs to
me to suggest to you. | know of no
| better work you can do than to en-
| phaSize to the people of the South
the Importance of allaying agitation
, against corporate interests. 1t seems
to me if you point out to the people
of the South constantly the injury
they are doing themselves by con-
tinuing denunciatiOn of corporate in
terests and capitalists generally, by
their political papers and orators,
= you will be doing the South the best
{ kind of service. All these corpora
8 tiOns and capitalists ask s fair treat
ment. If they do not receive that,
they certainly will find other ways
J and other places for the investment
| of their money"
8 "E. Van Deusen of p. w. Brooks q
Co, bankers, New York:
At the outset. we would say one Of
2 tt e most encoura siue signs of the
f times ct the fed il just such an in
qury as this nom those who are the
leaders Of opinions and affairs in that
section, and who evidently nave its
= future welfare most deeply at heart.
The writer, never having personally
. been in the South, feels rather in
D competent to express such an opinion
as that asked for, so that the follow
| ing brief comments must be taken
, entirely as expressions of personal
impression from one who is familiar
with only one of the two fields in
question. That there is an abundance
of natural wealth and resources In
the South we think ii generally con
ceded by most intelligent NOrtherners
Furthermore, it is our impression
that the same class of people believe
that in course of time the South will
, develop into a most prosperous and
wealthy region: though, of course on
: account of climatic conditions, it is
doubtful whether it could ever achieve
quite the same results and standing
as has been done by an equal area
, farther North. What strikes Us is,
that while both these points are con-
2 ceded, that the individual capitalists,
large or small, rather hesitates to be,
himself, pioneer in the development