The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1910-10-21
glTf lid 70 Capital SEEKING INVESTMENT
GREATEST MEtD FoR PERMANENT Development


llfss fufsiiufe msnBftstnfihs sum
pthg 0sine m amflifBds n 80 ne
tsflsi tfDand the Greens IN vleihltf
dcsited W move its sfsai plant ~ me
sest n tbls fas mstsNsl Asala thst
law . nlgnument ~ ths tssainlty N
ffoak lavmakefs, prevented the fall
realization - the desifes ~ the cof
potstiun and the healthy tnd wesltb
producing development N part ~
Mlsslssippi's resources 70 complete
this pitiiully spd story, the fufoitute
pltot hled itself ~ the city of
Memphis and there found more
than feady welcome, iof Memphis wis
Immeasufably benefited. and the raw
material was drawn from Mississippi
in each of these instances, and the
list i0isht easily be prolonged almost
indefinitely, Mississippi not only lost
the new capital and actual develop
ment ~ latent resources, but also was
forced 10 stand idly by and see IT,
treasure Of raw material cafted on to
a foreign state and there coined into
millions OF dollars annually This
immense wealth found investment
and reinvestment 10 other states aud
Mississippi was left with the bag TO
hold. She Is still holding the bag,
too, while her sister states chucke
with glee at the greatest benefits that
can possibly come to them through
the blindness and denseness OF their
neighbor's lawmakers. Pity tis, 'tls
true, but It's true, us pity.
Somewhere in the code of Mississ-
ippi. while the people evidently were
not on guard, section bearing the
innocent designation OF Section 903
was Incorporated. AS vicious pre-.
ventive OF development Of natural re.
sources OF any state as could have
been well devised is this selfsame
Section 903. Its defenders will tell
you, undaunted and unfrightcned fel.
low Mississippans, that this section
prevents any corporation. home or
foreign, doing business within the con-
fines OF the borders OF our great but
sadly mistreated commonw wealth,
from owning lands to the value OF
more than $2,000,000. So it does,
gentle reader, so it does, hut on every
hand is to be found in this enlightened
age the self-evdent fact that this
assinine section does not, can not and
will not prevent corporation on
foreign soil from owning lmitless
values OF lands and other properties,
and Mississippi is robbed of her
vitality, left stagnant in this age OF
material development, and her i'm.
mense wealth openly and greedily
turned into gold to I'LL the Golfers OF
our nelghbors. Isn't that delight
full picture, one to cause the breast OF
a loyal Mississippian to swell with
pride?
This is but one OF the laws upon
the statute books OF the state that
} are loudly crying to heaven for the
merciless pruning knife. The sooner
this cancer on the body polite is re-
moved the quicker and more certain
will be the recovery OF the great old
state that stands preeminent in the
! galaxy of the states OF the nation.
For somewhere in the distance one
can imagine he hears the whimpel
of the parrot-like bugaboo thai
+ capital must be regulated. Aye, aye
! my friends, capital should and musl
be regulated, but the word ''regu
: lated" does not mean eliminated" By
Q any means, and that is the only WORD
e that will at the condition aud situa
Q tion Of capital Tor the lack Of it) nov
= employed 10 the development OF the
t resources OF Mississippi Remove th,
8 barriers against the influx OF capital
e and then pass conservative laws 70
n the regulation Of that capital aud it
e usage. This action will benefit tn
e entire state, and what benefits all 0
S Mississippi must, Of necessity, ma
n terially benefit the great gulf coast
!, and Pascagoula and Jackson count
n will most certainly attract the lion
IS share OF this capital seeking invest
ID ment. This is plain, very plain, shar
It and incisive, but the development
DO situation 10 Mississippi (or rather tn
&c lack OF it) needs just that drasti
to remedy.
se The remedy for this existent ev
OF lies today 10 the hands Of the voteI
Is OF the great old commonwealth.
q, is up to them to remain content
II see their wonderfully rich sta
ar robbed OF her resources to increa
'e. the wealth and commercial and |
he dustriaI Importance Of foreign stat
d, by letting the present conditions co
a tinue, or, rising In the wrath Of the
Of might sweep aside the demigogs
as politics and On the fringes OF politi
ed aud assert their own independent
S. announcing to the world that the Q
or cry OF taidted money, capitalist
aw trusts, etc., has lost Its cunning al
his that future Office holders must sta
he or fall on their own individual effoI
ire and initiative and 90 more ride 10