The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1916-09-19
South's Amazing Progress

uehced by recapitulation of the
facts is one of the most fascinating
stories of the day. Possessing re-
sources unequalled in the Western
world and surrounded by conditions
II az make for development i'm the
way or climate, transportation facil-
tiles, labor and al, those other ele-
ments that enter into the considera-
tion or the proposition, the South to-
day, in the estimation of those best
POSTED on the situation, stands on the
threshold of a glorious day when the
sun of prosperity will zhine with a
room day splendor unapproached in
modern commercial annals.
Consider the following facts COM
piled by the publicity committe of
the Southern Newspaper Publishers.
Association and ponder upon their
Significance:
southern Prosperity-Cotton is
bringing the highest price in years
and bank deposits are at the highest
point in Southern history.
h 'ho uay thlS is written, Aug.
25th, cotton is quoted at 1876 cents
per pound as against go cents per
pound for the same date last year.
Ihis represents a gain of sos cents
per pound, or 5000 bale. Very
conservative estimates place this
years crop at 11,60O,OOO bales,
which at present market price will
bring 1914, 4,OSO.0OO, or s312.OOO.-
600 moro than last years crop. Ad-
ding to this sum of $914,0SO, 900 the
amount of $23O,OOO,OOO, which the
seed will bring at current price. it
will be noted that the South is re-
ceiving this year from cotton alone at
current price the enormous sum of
$1,144.OSO,OOO.
This years report on the value
OF all agricultural products is not
yet compiled, but in 1915 the cotton
crop constituted but 1919 per cent of
the total value OF Southern farm pro-
ducts The percentage this year will
be somewhat higher, but it gives
some basis for determining the alb
solutely astonishing value of South
ern farm products this year.
Moreover, Southern manufactur.
ed products in 1915 were valued a,
l$4OO,0O0,0OO more than Southern
farm products, and approximate,
the same relationship holds good this
year.
The latest report available show,
that the increase in National Banl
: deposits in the South for 1916 owe
5 1915 was 14.9 per cent. With tn,
same proportion of increase, holdin:
good for State banks, there rs on de
post in Southern banks this year a,
average of approximately two an,
one-half billions of dollars
, "The significance Of the abov,
facts is apparent. There are billion
, OF dollars now on deposit in Souther,
|, banks, and other billions are nov
G rapidly coming in that are piling u,
purchasing power that is une
, qualled in Southern history. an,
which cannot be paralleled in an,
! other section of the country. To neg
A lect the Southern field this fall in tn
preparation OF national advertisin,
) lists is inexcusable in the face of sucl
$ facts and figures"
This is but word as to the ad
: vantages which the South possesses
+. Its resources in waterpowers in min
D erals. in steel, iron, sulphur and 9th
e er all-important elements, in Goa
| oil and commercial necessities. in fer
+ tility Of soil and richness of agricul
tural crops. in diversity of climat
and natural transportation facilities
! are unsurpassed in the nation.
. Its monopoly of the cotton crop /
; but one Of the resources heretofor
: possibly accorded greater attention
, than 1t rightly deserved in the agere
gate. The greatest trucking regio,
in the Western world Is along th
South Atlantic seaboard, the riches
sulphur mines are in Louisiana an,
Mississippi, the oil fields of Okla
homa and Texas are world famous
the iron and steel OF Alabama is O
exceptional quality and a hundre,
and one other items that enter int,
the aggregate of potential Southerr
wealth.
The item Of two and one-half bill
lions OF dollars in banks on deposit: