The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-05-12

ing with tremendous StTlues, IoI inc
South is today producing nearly twice
as much coal as the United States,
with all its vast activities. mined in
1889. But judging what has been
done by what can be dcne, we have
only begun to utilize our coal.
In a large part Of Europe, / the
West Indies, and in South America.
for coal. This, the coal producing
countries Of Europe cannO continue
to supply. Their W demands are
| requiring the bulk of their p%roduc-
ton. The non-coal producing regions
Of the Mediterranean and South
America and Central America and the
| West Indies and much Of our Pacific
coast territory are calling heavily
upon the South to supply their needs
The South and the South alone can
meet this w~orld-hunger for coal. The
coal of the central west cannot each
would ave to cross the richer coal
regions of Tennessee, Kentucky, the
VirginiaS and Alabama. Moreover,
we have in the South about rs per
cent Of the cOking coal Of the United
States upon which depends the iron
and steel development Of the entire
country. The steel works Of the
west are almost wholly dependent
upon the coking oal Of the Virginias
and Eastern Kentucky. Recognizing
this situation, the United States Steel
Corporation, and other great steel
companies have undertaken to pro-
tect their future by the purchase Of
enormous bodies of coking coal land
in the South. Across the border line
from Virginia where POcahontas and
Clinchield Goals have made for them
selves a name throughout this and
other lands, many millions Of dollars
are being expended in the develop
ment in Eastern Kentucky, of a re-
gion which experts pronounce to be
the most valuable coking coal field in
the world.
West Virginia has twice as much
coal area as Great Britain, and Ken
lucky has about the same amount as
West Virginia.
In colse proximity to some Of these
fields are to be found almost equally
important deposits in iron ore banks
which combine into a united bank
upon which you can draw Indefinitely,
for it's are so vast that it
will supply the needs of the country
for generations to come.
: Vast Stores Cement Rock,
7 The South has other banks of e.
> post relatively as important as those
!, of coal and iron. 1t has vast stores
: OF cement rock as essential as stee'
M iron in modern construction
!; work. 1t has one sulphur deposit
l upon which the world is drawing tc
V the extent of two-thirds Of the worlds
sulphur needs. This sulphur bank i:
. controlling the sulphur industry O.
: the world. Another bank OF deposi
L Of sulphur, said by experts to bs
: equally as important, is being de
e veloped in the South, and among tn,
stockholders of this bank there ar,
: Richmond men had a good deal to d,
with the opening of this bank. Tn
Z other sulphur bank has enriched it
stockholders to such an extent tina
8 while its stock never comes on tn
IL market an appraiSement of it's valu
{ IN n case Of an estate was made
5 year or two 6 at $4,000 per share
'e It's par value being 500. It is sal
y to be paying dividends of more tina
III LOO per cent a year. But so closel
IS held are the securities of this banl
that none but the insiders kno,
he much about its affairs.
IN There are banks of deposits in tn
~ South Of oil upon which we are draw
e ing to the extent of over 100, 600, 90
~ barrels a year as compared with tn
total for the United States OF $4,000
u 600 in 1880.
o oa Their are banks of deposit of ne
%sources of these banks that the
rs make the South the greatest natur;
TO gas region known to man.
en- Vast, almost limitless stores
M GRANTEES. marbles, zinc, phosphar
les rock, clays, bauxite, and other thin;
with which nature has so literally Ell
X, dow ed the South gives US other branC
IN banks, if they MAJ be so called, Of tt
a one great bank Of Southern r%esoucre
Ter AXE Bauxit alone, the basis
ny aluminium. French capitalists a
Id. now spending S12. OOO. 900 in Nor,
mt Carolina in building one of the world
he great aluminium plants in order
IN draw for this raw material on Il
an bank of Southern bauNite. Pittsburs
It's. capitalists are preparing for a st
for larger expenditure for a similar Dla
a in Eastern Tennessee in order to dra
Of their checks on other bauxite d
posts.
tn Our Phosphate Bank.
'ia, The fertilizer industry of the S0ut
the and Richmond holds a dominating =
viii sition in the fertilizer trade Of II
Tor section * dependept uDOD tho dano-