The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-10-12
BANKERS COMING
TO SEE THE SOUTH
Greatest Part OF the Greatest
Country on Earth-Rich-
mond the Centre.
FIGURES WORTH WHILE
Statistics That Made American
Bankers Association Put On
Their Thinking Caps.

". I. Dabney, OF the Chamber of
Commerce. with the help OF the bevy
OF Richmond bankers who made the
pilgrimage with him to Boston last
week, captured for Richmond the next
year convention 10 the American
Bankers Association. as has already
been announced in The Times Dis
patch. II viii be big convention. and
the big bankers of the country will
md IN Richmond all kinds OF good
things To interest them
Richard II. Edmunds. the editor of
the Manufacturers Record. who never
loses an opportunity to put in few
words OF good about the South, sent a
long telegram to the bankers In ses-
sion III Boston to urge them to hold
their next years meeting in some
Southern city Mr.. Edmunds was inn
partial ard did not specify any par
ticular city. but simply said in effect
Come South, young men. come South"
When the Young men" decided to
come South. OF course there was moth
ing else for them to do but to come
TO the boss city of the greatest part
or the country known as the south
and Dabney and the Richmond bank
ers made ii plain enough that Rich
mond is just that thing.
Editor Edmunds. In his lengthy
TELEGRAM 20 the American Bankers
Association. gave some good reasons
why the bankers should come South
for their next years meeting, and in
cidentally he brought out some valu-
able facts and figures that are we'll
worth the space necessary to put them
on permanent record, and we'll worth
the attention of people who are study
ing the resources Of the country He
pointed out that the south produces
4 crop which has 4 more important
bearing on the financial interest of
the world than any other crop pro
duced in this or any other land This
Overwhelmingly brings to the
South nearly $1,000. 900. 900. and brings
To the United states in gold or in
credits from foreign lands from $780,
100000 10 100000, 900 year, or con-
sderably more than the annual gold
production Of the world. 1t is this
enormous expectation of this great
staple which makes possible the bal
States and the maintenance OF our.
financial interests.
Only Small Pnrt.
Continuing. he said
'Notwith standing the value of cot
ton In the financial affairs of the
world, that staple yields only one
third of the total value OF the South's
agricultural products This section.
though yet in the infancy of its de-
velopment. is annually producing from,
its crops mare than $500. 600, 600. in ex-
cess of the total value of the agri-
cultural products Of the United States
in 1880, and S7oo,o00.0oo more than the
value OF the agricultural products of
tho United States az late rs 1890.
The amazing development OF the
South is typticd in the fact that the,
individual deposits in the national
banks OF this section now largely ex-
coed similar deposits In all the national
banks OF the United States in 1880.
This section is spending attic pres
ent time s9O.oOo,o0o year on the
maintenance of public schools, COM
pared with a total Of only s78.00O,00O
for the United States in 1880
This section has S70o,00o,00O more
capital invested in manufacturing than
the United States had in 1880.
These facts should be studied in
the light of the South population of
33,o00000 at present. compared with a
population of 5O.00O,ooO of the United
States In 1880. IS
Future Development.
ut is not, so much as to what tho
South has done, despite the overwhelm-
ing poverty following the! war that
S(Continued1 on Sixth sfIa go 3 %.