Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-09
FORTUNE 3 TIDE
s WIN GING To
SOUTHLAND
Financial Experts See All Past
ETas of Prosperity EcIipsed
by Coming Wave.

Atlanta and the South are being
swept onward toward one of the
highest tides of prosperity ever
known in Dixie, according to repre-
sentattves Of the Bradstreet Company
in the South, who opened their an
nuaI convention here Monday morn
ing.
Officers of the company's branches
in thirteen Southern cities, covering
practically the entire South, were
present From each came glowing
prophecies Of a spectacular rise from
the past depression of finances and
general slump Of operations.
J. E. c. Pedder. division superin-
tendent of Bradstreet's. with offices in
the Empire building. where the meet
ing was held, declared that Atlanta
and surrounding districts were in the
process of a wonderful advancement
Mr.. Pedder dwelt somewhat on the
depression Of Industrial conditions and
finances in this city the past two
years but said the crucial point had
been passed and a general rise TO
normal and above was on.
Optimism of Future.
q do not see any cloud on the fnan-
cial horizon Of Atlanta, or, in fact, the
South in general, to cause any ALARM
declared Superintendent Pedder. q
am looking forward with confidence to
a fine business this fall.
"Our grain crops this spring were
good and l believe we shall have good
prospects for an average crop this
fall by July Is. Therefore, money will
become considerably easier and We
will have passed our most crucial pc
Rod
For the past two years the South
eastern States have had a particular
ly hard time-in fact one of the most
critical periods i'm their history. The
short crops and low prices of our staple
commodities have affected all lines OF
business, with the consequence that
there have been numerous failures and
a general tightening up Of money
causing slow collections and very con-
sentative buying. In the early spring
Of the present year conditions did not
look favorable for an average crop,
in the past three weeks The States
have had good rains seed has germi-
mated well, and the land on account
OF the dryness having been well Culti-
waited has afforded abundant riches
for crops.
1.-THE South has gone right ahead
by leaps and bounds. There will be
more development in all lines more
building, more activities amongst the
railroads etc.
"As for Atlanta, the city has broken
all records along all lines Of industrial
development and VIII continue in its
forward march. 1t viii surpass the
highest mark Of prosperity 1t has ever
attained"
The convention will be in session
two days. Those present include
George A. Follin. Of the Jacksonville,
Fla, office, George NJ. Williams Biz
mingham, B. +. ShowaIter Jr.. Sa-
vannah, John A. Singleton, Green
Vile. $. c.. George A. Bailey, Mo-
bile. William w. Barns. Augusta: r
r. Eppeison. Birmingham, Linton S.
Lewis, Macon, II. w. Renneker'
Charleston, S. c.; Warren J.. Lehman,
Tampa; John l.. Wray Chattanooga,
and Lee A.-Roper Albany
Southern Cities Growing.
Following are excerpts from the re-
ports which they have brought from
their districts.
operations and finances Jacksonville dis
plays a progressiyeuess. The total bank
clesrinEs for the year 1912 were Sl6s,-
AZ 3Ss "a gain of So 600 600 year since
1910 Industrially Jacksonville has
made rapid and permanent advancement
during the past decade.
Jacksonville herself has undertaken
the construction Of city docks at cost
of 81 500 .OOO which has been done 10 acc
commOdate the Panama Canal trade,
which she is making a strenuous fight
MONTGOMERY General business
in Montgomery good In all lines manu-.
featuring interest is working fun force
ana while the growth of the city is
slow. we having had no BOOM. the in-
crease i'm population is steady.
SAVANNAH. Prospects for The fu-
ture are good, ana while the usual mid
summer quiet is noted in all lines, both
wholesale and retail dealers are op-
GREENvILLE: "Greeuviue is the
place or residence Of Il cotton mills and
through them controls textile plants
employing an aggreEate capital OF
S27 900, GOO, operating 100000 spindles.
IL has an approximate annual paNFoL
Of S.. 600 900. The grain crop now being
harvested IS the largest this section mas
has for years. In business circles a
feeling of cheerfulness prevails, predi-
Gated On crop promises l1,l -,,-., o., ,r.
front as a manufacturing and export
CITY Situated as she is, her export
business is gaining In volume each year
Realty values have Increased in Mobile
County around % per cent in the past
year.
AUGUSTA: Commercially the tu-
ture growth Of Augusta IS assured.
COMPLETION Of the 40 600 horsepower
electric plant and vast other building
projects. as well as plans for future nu-
erariaus. have never before egualea the
present Local small grain crops are
reported larger than In years. Ideal