Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1911-03-10


Distinctly is it Dixie land, the land of
cotton It's lands. however, like its min
erals are diversified"
Striking statistics of the crop produc-
tons in Tennessee were given by him.
1--WE need more business men in our
government in the SOUTH" he declared
I'VE should have SO per cent of business
and / per cent of politics. Let us invite
northern an deastern capital TO help us
develop our resources, and take as our
slogan. the welcome and protection of
such capital Let us strive, let us con-
tend in the south for commercial supre-
macy"
VIRGINIA's RESOURCES.
Walter Sharp, of Norfolk. was intro
duced, and discussed the progress of Nir-
ginia.
''The mines, forests and fields Of Virgin
ia. he said. yield up as much as those
of any of her sister states. In fact her
resources appeal more to capital than
those of an yother state Of the south"
The unequaled advantages of Hampton
Roads were discussed by him.
I'VE have resources that are unlimit-
able" he declared, but we haven't the
money That is true of the entire south.
What We need is money with which to-
develop our resources.
G. Grosvenor Dave. managing director
/ oil the southern AOfHuieLNldi NOh6lNsss
made a statement to, the convention, in
which he calle1 attention to the review
of the states on Friday morning by Pres
ident Taft Ten representatives of each
state will then escort the flag of their
state to the stage of the auditorium and
there. in the presence of the president of
the United States, will put the flag in
place.
This review. as. Mr. Dave said, will be
in mo raj
history. 1t will be one of the most inn
portant and significant happenings since
1865.
STATE OF WEST VIRGINIA
The discussion of THE Solid South
of Business" was concluded with a state
ment by O. S. Beams. of Wheeling, on
the resources and opportunities of West
Virginia.
Statistics, showing that West Virginia
ranks eighth in the production of lum-
Der, were given by him.
over 100000 feet of lumber were cut
in West Virginia last year, and 100000
feet of virgin timber remain in that
state.
SOUTHERN BONDS.
Arthur NJ Harris, of Harris, Forbes &
Co. of New York, whose address was
deferred from Wednesday afternoon,
spoke on 1.-The Field for Southern Bonds"
THE answer" he said, Ito the sub
iect that has been assigned to me is that
the south's bonds are coextensive with
any other bonds.
within eight years after Lees sur
render" he continued, the railway
mileage of the south was literally
doubled The civil war had left the
south ravaged and devastated. and fol-
lowing tn ewar came the plundering car
pet-bagger. But about 1880 the industrial
south began to find itself
II take it," he continued, that you
wish me to speak to you honesty and
fearlessly; and. in doing so, / shall rec
PROTECT BONDlIOLDERS.
First. he urged that bondholders be
given better protection.
Continuing, he said that the greatest
difficulty bond investors meet with in the
south is a limitation of state, county
and municipal taxes. He recommended
that the Indebtedness of a state county,
or municipality be limited instead of the
taxation.
Debt limit is good" he declyared,
''but tax limitation has been proved to
be vicious.
Il believe" he concluded. that the
industrial progress of the south during
the next 20 years will be as great or
greater than that of any other section.
/ This section has every prospect for Won
derful, even spectacular success.
Bernard n. Baker, president Of the
Shipping league of Baltimore spoke to
the convention on THE Obligations of
the Panama Canal" His complete adj
dress IS published elsewhere in this
Thursdays Journal
DR.. ]. c. Newton Calhoun, of japan,
succeeded Mr. Baker. The subject of DR..
Calhoun was 1.-The South's Approach to
the Orient"
TRADE OF THE ORIENT.
Three things we need to see at the
outset" he said. First, the magnitude
of our market field in the Orient; sec
ondly that vast as this market field is,
1t is capable of expansion; and, thirdly,
that by means of the Panama canal, the
Grade centers of the south will reach the
Pacific as they now do the South Allan
tic and the caribbean.
Il beg to inform Mr. Hobson," he con-
tinued. that the only war with Japan
that we need to fear is a commercial
war"
Courses in the schools which would
equip the southern men of the future for
foreign trade. for commerce with the
I east were urged by him. He also recon-
mended that the government, by ship
subsidy, aid in increasing the American
steam ship lines. Better equipment of
American consuls and higher class and
greater number of commercial agents
abroad as representatives of American
business houses, were given by him as
+ necessary to the increase of American
/ trade in the east.
Better tectural skill, more patience,
and less waste are the MEANS" he said,
by which the Orient must be approach
ed"
i COMMERCIAL UNIVERSITY FOR
SOUTH.
In order that the south may intelli-
gently approach the Orient" he contin-
I ued, "a great business university must
4 be established somewhere in the south.
In Germany there are numerous uni