The Birmingham age-herald., 1914-01-02
BRIGHT OUTLOOK
FOR SOUTHEAST
The Industrial Index Says
Construction to Begin
in Earnest

Columbus, Ga. January 1.-tSpecial.)
The Industrial Index says this week:
',rhe new year holds fer the southeast
the brightest business prospects that this
section has ever known.
THE constructive era which began in
earnest in the southeast but a few years
ago comparatively has come to receive
momentum from the volume and power
of development and upbuilding which it
has brought about.
THE southeast, the heart of the south,
has no more natural resources, of course,
thar it. always possessed. But follow
ing long period in it's history when
it las peculiarly an agricultural section.
with feudai system such as the world
had never seen, and following internal
strife, there came period OF bitterness
and animosities that made general deveN
opment impossible. Few traces of that
auimosity are now left, and with its
disappearance men and capital have
ccme into this section to join with men
aic capital already here to develop the
rich resources That development is on
in earnest, with the investment and ex-
penditure of illiterally millions of dol
lars. Construction, industrial and COM
meroial activities are general throughout
the wbcle southeast.
This section has just marketed a cot
ton crop at prices which made 1t the
most femunerative that it has ever en-
jCyod. There has been widespread liqu-
dation and the southeas. begins the new
year with an almost clean Slate.
Construction and industrial plans and
undertakings have oeen halted but briefly
by the holiday season, the southeast
n. Si n ON inf n
no re construction work and industrial
eiterprises definitely projected than ever
before in its history. Ia The matter of
ptt'ic improvements alone. a vast sum
il the aggregate is TO be expended, be-
ginning Immediately afser New Years
das bonds having been voted by numer-
Gus cities and counties
"Rank clearings, postal receipts and
railroad receipts in the southeast have
increased substantially this year, the
gains in some instances having been
notable.
The southeast is progressing and pros
porous, and there are substantial indi-
cations that 1914 will be the best business
year it has ever known
Construction and industrial activities
of Importance are reported for the clos
ing days of the year.
Ten corporations were formed in the
week with minimum capital stocks ag-l
gregating $J01 900.
''Hillsborough county Florida, is ask
ing for bids for paving roads with brick
at a cost of about $500.00 Cordele, Ga,
is preparing to construct 10000 to $1,000
square yards of street paving, and has
asked bids.
"A contract has been awarded in At
lanta, Ca, for the steel frame work for
a 20o-room addition to a hotel building.
"A tentative contract has been award
ed in Columbus, Ga. for the erection
s175,000
"A hotel building that is being erected
in Birmingham, Ala, is to. be made to
represent an investment of s1,50O,Ooo, in
stead of s1,000,000 as first intended.
"An addition to cost more than $780,
600 will be erected to new office building
in Atlanta
3 "A four-story. hotel building will be
erected in Macon, Ca. and hotel build
ing, there will be improved extensively.
Manatee county, Florida, will vote
upon issuance of $lS1,7lO of bonds for
building bridges and $323,59O of bonds for
constructing roads.
industrial plants will be erected as
follows:
Brick plant to be operated Tuscaloosa,
Ala; cotton mill enlargement, Fitzgerald,
Ca; Atlanta company proposes to estab-
lish ice factories at Augusta, Columbus,
Rome and Savannah, Ga, Chattanooga,
Tenn, and Charleston, s. c.; planning mill
Mobile, Ala; extension of railroad from
Kingland to Folkston, Ca, is contem-
plated. Preliminary surveys are being
made for hydro-electric plant near VAL
dosta, Ca"