Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1920-10-30

~ IKE today thinks the Louisville Cou-
- rier-JOurnal' is in "a most prosper e,sIro
- Gus condition" and faces a future
of full-sinewed development. By way Oh
evidence the keen Kentuckian points out that
within the last decade Southern population
has increased approximately four and a hall
millions a gain which is primarily IN the
native American stock and little influenced
nv immigration from abroad" that corn mas
GROWN to rival cotton in acreage, while all
manner of food harvests make surer and
more abundant the good fortune which once
depended on a single crop; that in the lum-
her industry, now more than ever important
Ahe South exceeds every other single region
of America, "as approximately fifty per cent
of the entire output of wood products comes
from Southern forests" that IN the fleld OF
manufacturing, her rich and closely felateo
supplies of coal, iron, water power ana ia"
materials are peculiarly advantageous; anu
that all these resources will make for unex-
ampled prosperity in the years just aheao'
Whatever may be the transient proDlems
NJ the season of readjustment through which
wa ore nassing no clear-eyed observer Can
Fail tn see that fundamental condltlons are
sound and that in the very nature OIL Cnlls'
this fertile Southern country, OF "hlch "eol
gia is the heart is on the eve OIL La,
ing DEVELOPMENTS. How could 1t be elseWlse
in region that contains third OF Amerlca S
iron ore reserve, a fourth OF her coal re-
serve and water power SUFFICIENT 1or the III
dustries of an empire? region that produces
half of the nations petroleum and the oulK
of many of it's valuable minerals, IN addltlon
to all the cotton grown on this continent!
region that embraces three-fifths OF the
countrys coast line and has ports OF wonder
Sul promise in the new era OF world traue!
These natural resources, scarcely par
klleled in all the world, are attracting more
and more captal-which means, OF course
more development, more production, more
Business more prosperity. President faI-
tax Harrison, of the Southern Railway re-
ports that along the lines OF that system
within eighteen months from January, 1919
five hundred and eight new industries were
completed and put into operation, while TWO
hundred and ninety-four were enlarged
Further: Capital to the amount of two hun
dred and twenty-five million eight hundred
and sixteen thousand dollars was invested
in new industries and i the extension OF old
enterprises served by the Southern Railway
system during the three years from July l,
1917, to June 80, 1920; and the estimated
cost of plants under construction on the lat
ter date was one hundred and fifty-three
million one hundred and sixty-fve thousand
dollars" These figures are typical of the
Souths present-day development and pro-
phetic Of still better times to be. They chime
with the fact that in the last three decades
the amount of cotton consumed by Southern
mills has increased from little more than
five hundred thousand bales to approximately
three and half million. That is to say, we
are selling more and more of finished prod
ucts instead Of raw material, and thereby
are retaining millions upon millions of prof
its which formerly were lost to thriftier
centers.
Well may we rejoice in the improvement
OF Southern agriculture and the expansion
OF Southern industry in recent years, the
results of which are now SO richly manifest
in Georgia and her neighbor States, But
those advancements are mere first steps in
a vast forward march whose full swing we
are yet to feel. Beyond the brief interim
OF time-marking from which we are soon to
pass lies the sturdiest prosperity Of all.