The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-02-01
terms safely at about 20 per cent III

There has been q great
investors in this section OF the SUI
frorr other sections of the country,
esnecialIv throughout the North. rms
has heen very noticeable within the
| last two years, and there is no u
| h,,t that the Northern investors are
| rapidly recognizing the great oppor,
tunities for investment in the Soutn.
Clinton.
r. s. Bethune, president Bank OF
clinton, Clinton, n. g.:
"The financial condition Of this sec
ton of North Carolina is pet'er .hah
it has ever been before. Farmers have
more money thar usual, and their
bank balances are larger than ever
before.
.Tha business and Industrial out
look is good. The surplus money from
crops is being invested, as a rule, IN
the betterments Of farms, building
better homes, better barns, n the
addition of modern farm machinery.
Farming lands have enhanced in value
more than 100 per cent. within the
past five years. There has been ar
advance Of some 25 per cent. within
the past year. Some new settlers
are coming from other counties of
North Carolina and from South Car
Dina and investing in Sampson cOun-
ty farming lands, which are relatively
L ~ NAASASA 40 80
1T does not appea that cotton at
Is cents is relatively higher than
other commodities, and the outlook
is for continued prosperity in the
South and the restoration Of King
Cotton to the ancient prestige and
glory from which it was deposed by
"%i0Te that followed many years
of production that was in excess Of de-
mand. Not only America, but the
whole world, appears to be enjoying
great prosperity. and the world is the
market for cotton, which is hardly the
case with any other one commodity
the production of which is confined
in the main to one particular part of
the globe
Henderson.
VIM. a. Hunt. cashier OF the Citi-
ZenS Rank, Henderson, N. c.:
The farmers III this vicinity are
in better condition financially than
| they have been for five years. From
best posted authority it is learned
that they owe less money and have
more none in bank at this time than
they nave had for quite a numbe of
years. They are inclined to be more
conservative than usual, and we think
contemplate making m1re home sup
plies and less money crop than the,
have done in the past. Most Of their
Investments have been confined to
real estate, n they do not seem in
clined TO invest in speculative or
wildcat enterprises"
HilIsboro.
Paul G. Collins, cashier the Bank of
Orange, Hillsboro, y. c.:
The financial condition of farmers
is good. They are practically out OF
debt n carry deposits in local banks,
Five years ago they virtually had no
such deposits. The business and in
dustrial outlook is good. and business
is conservative. There is no tendency
to Wlld-catting. The value of farm
lands has increased from 10 per cent.
to 20 per cent. in the past Il months.
we nave some new settlers coming in.
they come from the Middle West
Jackson.
j. T. Fiythe, president the Bank Of
Jackson, n. c.:
Inc business outlook Of this COM
MUMMY is brighter than for years past.
Most OF our farmers are in good finan-
clal condition., less in debt than in
past years, and quite a number Of
them carry nice bank accounts. The
deposits of the farmers are more than
oouple their deposits five years ago.
Our and business men are
awakening along all lines. Farms are
oelns improved and the more modern
ana up-to-date methods of arrning are
being employed. Business is more ac-
- Dd1ik 0tDOSt1A
trough his section now are nearly
double that Of two years ago. There
are considerable local improvements
on the farms and in the towns"
Rockingham.
", L. Parsons, president the Bank
OF Pee Dee, Rockingham. N. G..
IT, i regard the financial condition of
the iar1ners OF our section as betur
man IN former years. The denosi+ !,
iocai banks does not Indicate to 49,
lui1 extent this improved condition
SINCE IN many Instances the profts |
nave been invested in improving Tho E.,
MONIES and the local surroundings Of
.ne iarfnefs' While some Of their sur
pluS money has been used in loo,
developments. The price of lana ~
our section has increased so Der cent
Vi more within the last year or two
Sparta.
/. j. Carson, Jr., cashier III. pa.,-