Goldsboro semi-weekly argus., 1909-06-23
Mr.. Harry Walters Gives His
Opinion of the Situa-
tion in the South.
Says Development of Southern Busi-
ness i'm the Next Five Years Will
Be Phenomenal ahGOldsbOrO
Getting Ready.

This weeks issue of the Baltimore
Manufacturers Record has an edito-
rial comment of a most cheering and
reassuring nature on statement
made by Mr.. Harry Walters to one of
his business associates that should
put all of this section in busy activ-
ity and buoyancy.
We quote from the article in ques-
ton as follows:
"'The development of the Southern
business, in my opinion, in the next
five years will be phenomenal" is a
statement made by Mr.. Harry Wal
tiers, chairman of the board of the At
lantic Coast Line and also of the
Louisville & Nashville Railroad, in a
letter to Mr.. Michael Jenkins, presi-
dent of the Atlantic Coast Line Com
,pany, in which he discussed the need
of better facilities for handling traffic
through Baltimore. Mr.. Walters is
. correct. His prediction that the de-
vvelopment Of Southern business uur-
ling the next five years will be phe-
lnomenal is, we are sure, destined to
POSNAO-O
for the South to accomplish more in
material advancement in the expan-
sion of railroads, the building Of new
lines, the increase of traffic, the de-
veiopment Of mining and manufactpr-
ing enterprises within the next five
years than it has done during the last
ten years. What it has wrought is
only the beginning of it's work. Its
potentialities are almost without linn
it, and the world is now fast coming
to realize that no other section of this
or any other country offers as great
advantages as the South
Our esteemed and conyersant con-
temporary, the Wilmington Star, COM
,menting on this same article in its
issue of today, says:
I'm the above we have from two
high sources the promise Of great ac-
tivity in the South in the near future.
Mr. Walters predicts it and the Manu-
mistic forecast. Both authorities are
in a position to speak knowingly and
ther words are assuring. We believe
their forecast will be fully verified.
Ala the signs indicate it and the move
ment is now on.
''Mr. Walters never speaks without
analyzing the situation. We know,
because we have never known of his
speaking without seeing the condt-
tions measure up to all he says.
''Mr. Walters is not making predic-
4ions, however, for we know that be-
fore he expressed the opinion quoted
he thoroughly looked into the matter.
He did SO from strictly business
standpoint, for he was speaking ad-
visedly to one OF his associates about
the necessity OF getting his railroads
in shape to handle the traffic that he
sees is inevitable. He has looked oyer
the lay of the land, SO to speak, and
the South can take courage from the
confidence which Mr.. Walters has in
her certain development.
"The railroads in the South in the
next few years will have to make inn
provements on a large scale to meet
the requirements of Southern devel-
tion that the main lines from the
South to the North will find it neces-
sary to enter into double tracking on
a magnitude that will relieve the al
ready contested single lines. New
rolling stock and other improvements
at immense cost will be part of the
preparations which the railroads will
have to make, and there is not line
of our Southern systems but should
have the encouragement, friendship
and cooperation of the Southern
states and their people.
Transportation facilities are i'm.
perative in the further development O
the South and we must look to thu
railway managers to anticipate th'
needs and meet them to the extern
that conditions warrant
These are indeed cheering words
from high authority, but not more
cheering than they are palpably justi
fied-and the yet more cheering fea
ture of it all is that Goldsboro is righ
in line for reaping a rich harvest o
permanent development and prosper
ity in the determination, industry am
broad public spirit with which ou
people have at last come together 70
the achievement of Greater Goldsbore
We go forward.