The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-03-09
BIC PURCHASES Of
SOUTHERN LANDS
10 be Used for Farming
and Irrigation
A BIC COLONY IN TEXAS

Purchases Aggregating $4,000 Acres
Have Been Mad Natural Gas
Field in Louisiana to Be Developed
New Mill Developments in the
SOutla.
Especial TO News and Observer.)
Baltimore, Nd, March SIN re-
viewing the situation in the South and
from every part of that section, the
Taost striking phases of investment
and development enterprises, the Man
u~facturers' Record in this weeks issue
shows q Very marked activity in the
purchase Of Southern lands for farm
ing and irrigation operations, many
Of the plans under way being on a
very large scale, while here and there
individual purchases Of smaller tracts
ty Northern and Western people are
being reported in nearly every part
II the South.
Kansas City capitalists report the
completion of purchases in Texas ag-
~-regating $4,000 acres at prices rang
ing from $3.50 to $50 an acre for de-
Neloprnent By irrigation and colonial
ton. while large sales of lands are re-
ported in other parts of Texas to Yves
tern and Northern buyers, and many
millions OF dollars are being put into
vast irrigation operations in that State.
Western and Northern capitalists have
combined in the control Of 175,0O0
acres IL the natural gas field of the
Caddo Parish. La, regarded as posi-
bly, the greatest natural gas field yet
found III the country, with q view to
piping natural gas a distance Of 500
miles to New Orleans for Illuminating
and manufacturing purposes. The
company is being organized with q
Capitalization OF $4,000 VUt.
New Mill Development.
The Dan River Power and Manu-
featuring Company, of Danville, Va.
Cow operating q large cotton mill. has
voted to build an additional mill Of
10000 spindles and 1900 looms at a
oted by electric power, while New
York arG local interests will build q
5000. 900 raill at Marion, \. c..
The Georgia-Carolina Power Com
pany, of Augusta, Ca, incorporated
last month with capital stock of 81
600, 00o, has its intention
to eXperd~ about 81, 600, 900 for q
water-power electric plant to develop
and transmit 10000 horsepower
while the city Of Augusta is investigat-
ing the cost OF constructing q 12-mile
1eVee at ar expenditure roughly eSti-
mated at 81, zoo, O00, to protect Au-
gusta and it's cotton mill district from
possible damage by high water. The
Dutton Phosphate Co., of Gainesville
Fla. is planning to spend $4,000 fol
temporary terminals at Talleyrand
and probably s250,OO0 for permanent
terminal shipping facilities. The com
pleted plant to ave a daily capacit,
Of 5000 tons OF. phosphate. rock. The
Alma Plantation, Pointe Coupee, La.
tias awarded a contract for a sugar
r1ill to grind $50 tons Of ane daily.
To Develop Coal Property.
The Fort Branch Coal Company ha'
been organized at Richmond, Va, Will
! capital stock of $500 600; the Gul
Coal Company, Dayton, Ohio. is plan
ming to develop coal property owned
III West Virginia, the first mine t.
have a daily output Of 1900 tons; tn
Southern coal and Transportation &C
mas been organized at Grafton. W. Va.
the Flint Gravel Co., Brookhaven
Miss. with $4,000 capital stool t,
develop gravel deposits: while tn
Georgia Marble Quarry Co. has beer
organized at Alpine, Texas. with CAPT
tai stock Of 100000
A Dallas. Texas, hotel has awarde,
contract for an eight-story. fre-proo
annex, to cost about $50, 600, and al
Atlanta hotel is having plans pre-
pared for 8 ten-story addition to COS
100000. John W. Grant, OF Atlanta
IS preparing, to erect a bank aud offc
building at a cost of $500, Ooo and tn
August Savings Bank, Aug sta. Ga
VIII erect 8 $4,000 banking building
And thus the story runs in ever
t1ne OF activity and in every section
81 the South: There is a, very marke,
snanse Tor the better, with a GROWN
tendency on the part Of outside peo
pie to invest in Southern lands. es
pecially for farming an
nan many a e HlsT fo ara eei megrths gan as
N.+ern farmers into the South ar
Southwest. Che land and coloniz;
and operatianssin that state. inctu
ing irrlgaaen.Wssrk are On e much Ia
ser scale than A@ver before -