The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-05-06

fCapfiynad
,raer ,a,,.,,-... --,,-7i- -
rods f''' steam
+
49, "Nf'H '" 'hr streams
NILhlh Inc last three years the
t'NoT"-etetttlc work hat has been car
o "Ht ~ the south, including that
@fi4ih II now under way. represents
4ti Actual outlay Of probably $780,.
o.'7V and double that amount viii
De required before the plans already
!"FfhuIafed' and many of which have
oeeh hhaRed, VIII be carried 10 com
3Het
HFle are deposits of coal more NO
tfhi i"F the creation Of wealth than all
the capital OF all Your banks. 1t IA in
titarlhE IN Nalhe moro rapidly THAI
NC swelling volume OF yo1g dcnosits.
1 Tie world is growing hungry for
coal Europe, even before It put n
pick into the ground, and much of its
Goa mas been mined, had less than
nan as i3fee coat area ny the South
'fh states II we exclude Russia.
NHth RVS ntall& }Wo~tmrds OF the
coat atta oi EUROPE ana which VIII
Pr"bahiY NOT he largely developed for
sfHet "tIohS 70 come. the South has
HNe lliH+9 inc coal area ot all Europe
com blhed,
n" Na0th a4d TIE south alone Can
meet inns ~orld-hHnGer for coal The
coat OF the central West cannot reach
me SFa h'tFd Tor export because II
N"uIo nave 10 cross me richer coal
regions of tennessee, kentucky, the
y lreH'las ana Ala bamh- Moreover, we
nave III {te south about - per cent
of the eoktng coal Of the United States
IP"h "hiFh u"9ehas the IRON ana steel
geNeiopfn"ht ot tne %nt}re country.
ne StFF5 works o. the est are almost
N"1HS otp"H4ett upon tne 'oEine
.''t'l 90 tue ~ AIitiaA ana Eastern
heht4ekE' Keeognlzlng this situation.
we htted states Steel corporation,
aH9 othef great steer cothpan mes nave
aHuett ahsh 10 pfotect the Iuture by
ne purchase OF enormous BODIES OF
coHihE c9al lana IN the Son'h.
F'St ' 'f8 thta mas t"tee as u1uch
toal area az 'feat hFifalh' ana Ken
tu'h mas about inc same amount as
west aiiSlhla,
''"p"''""' pep"s''s'
ne South mas oln@f banks OF de-
poSlt fe3atNely as important as those
or coal ana IRON II has vast stores
Oh cement rock as esSthlial as steer
ana IRON IN modern cohstrhctior"Work.
I, mas one SuIFhaf aePoS!I upon Whicn
the WoFtd is drawing 10 the extent OF
Two thirds or the world sulphur
needs. Ihls s0IphuF nank is con-
V"lilne thH SuIPhhr INDUSTRY OF the
"3l]a
mere are nahhS ~ deposits N inc
SCUM pt on upon "nlch we are nav
ihE 70 the eNteH1 ~ over loV,vVo-uuo
harreis year as compared WIN tne
total 1Qf me tinted states OF @o,oVo,-
Vop IN lAAV
vast, almost Hmltiess stores OF
GRANTEES marbles zinc phosphate,
rock Gays, nauNlte ana other thtnes
with whlch nature mas so hberalIE en-
doWed the South gives us other pranch
banks, th"Y may De so-cailed. or Inc
one great bank OF Southefn resources
Take bauNite alone, the basis or
aluminium French capitalists are
now spending Sl2,ooo,ooe in North
Carolina in building one OF the world 8
great aluminium plants In order to
draw for tins raw material on the
bank of southern bauXi'e. Pittsburg
capitalists are preparing for still
larger expenditure for similar plant
in Eastern Tennessee In order 10 GraW
their checks on other bauxite de-
posts
The fertilizer industry of the South,
and Richmond holds dominating
position in the fertilizer trade OF this