Daily capital journal. (Salem, Oregon) 1903-1919, 1911-08-23
WONDERFUL
DEVELOPMENT
OF The SOUTH

pansion in manufactures and in agrl-
culture, of transformation, OF in
creasing wealth, is being unfolded as
from day to day the census tells in
cold statistics Of the capital and pro-
ducts Of the individual states of this
country
The 16 Southern states covered by
the work Of the Manufacturers
Record" now have more capital in
vested In manufacturing than the
whole country had in 1880.
In 1880 the total capital invested
in manufacturing in the United
States was S2,79O,OOOOOO. These 16
states had $2,88j, 100000 manufacture
ing capital when the present census
figures were compiled in 1909, and TO
this several hundred million have
since been added. This Is a marye-
l0is change. lt should arrest every
mans attention.
In 1880 the United States was Just
ly boasting Of the vast industrial in
terests. OF It's development in manu-
iAhAhA Ahb hiAh hh ANhAAhifI anu gtA
these Southern states now save sew
eral hundred million more capital en-
gagged in manufacturing operations
than the entire country then had
With such an achievement despite
the hard conditions prevailing until
recent years in the development OF
the industrial activities Of the South
how limitless are the possibilities OF
this section as indicated by what has
already been accomplished
In 1900 the value of the mineral
products of the South was $l31 ,700,-
600 In 1909 II was 1927 ,421 900, and
we have as yet scarcely begun to
scratch the surface, or even to dis
cover the extent Of the mineral
wealth of the South Southern pros
perity, however, is not found in man
ufl,cturlng and mining alone. The
same great expansion Is seen on
every hand and in every line Of ac-
tlylty
The addition of over S4,OO0O0O,O 900
to the value OF the farm properties
Of these states attests the progress of
agriculture In 1900 the total value
of the farms Of the 1G Southern
states included in this comparison
was S3,233, 100000 In 1909 II was
1925, ,00O,0 600. During the same per-
lod the value Of farm buildings, more
strongly indicative of increasing
prosperity than even the value of
farm lands, rose from $500. 100000 to
sl,672,O00,0O0, striklngly Illustrating
the vast activities in the construc-
tlon Of dwellings and farm buildings
generally during that 10-year period
What wonderful change must have
marked the life Of the farmers of
these l6 states as indicated by this
Increase Of over SS00,000,000 In the
value of their farm houses, what an
advance In their financial strength,
In their power to cosume, their pow
or to Improve and 10 produce was
made by the gain of four billion dol
lars in the value of their farm prop
erty.
This advance III farm lands and
buildings finds lis explanation in the
increase In the value of the 10 lead
Ing crops OF these states, which ad-
yanced from $9lG,O00,000 In 1900 to
$l,971O0O0O0 in 1902 difference in
the value of one years output Of
over $l,00O,000,OO0 as compared with
the output 10 years before.
Year after year from 1909 there
was an ever-lncreaslng value Of
Southern farm products, the momen-
tum continuing until, as stated the
wilma In tOUQ NJ
crops, which, of course, does not by
any means express the full value of
the output of all Southern farm pro-
duets, was Sl,00000O000 greater than
In 1900 This difference Of one bill
lion dollars In the value of these ~
crops In 1909 over 1900 was greater
than the aggregate national banking
capital of the United States at pres
ent, and II Is going on from year to
year.
increasing productivity In agrlcul-
turo and In manufactures, has natur-
ally led to an increase IN foreign
commerce through Southern ports
Ten years ago the combined value of
the foreign exports and imports of
the South figured up $3.50, 900. 900
For the last fiscal year the figures
show total of SS96,O000OO, a gain of
S36O,OOO,0O0 compared with 1900.
The Importance of the South as an
asset In the nations commerce is in
dlcated In the following facts:
l. During the last fiscal year AZ
per cent of the total experts of the
Oiited States originated In the South
q During the same year 1854 per
cent passed through Southern ports.
g. In that year the value of the OK
ports from one Southern port was
twice as great as the total value of
the combined exports from all the
ports of the entire Pacific coast of
the United States, and was $2S,5ll.-
ta2 more than the combined values
OF exports and imports of the Pacific
coast.
d The value OF the foreign exports
from that one southern porn exceed
ed by S3S.3S9.552 the combined eX
port trade Of san Francisco, Boston
and Philadelphia.
In banking and In railroad opera
tions the same wonderful increase is
seen
These figures illuminate the whole
story Of the Souths upbuildlng. In
telligentS studied they give some
conception OF how great must have
been the activity In the establish
ment of new factories, the purchase
OF equipment for mine and mill, for
the construction Of dwellings, the
building Of wharves and warehouses
and for all the other activities which
go with such q vast expansion OF
business They emphasize as moth
Ing else could do, what this period Of