Evening star., 1925-02-21
BY ROGER w. BABSON.

srecal Dispatch to The Star.
DABSON PARK, Fla, February 21.-
History shows that all great countries
pass through two distinct economic
movements, each being at its height
for from so to 100 years. The hrst
OF these movements Is when people
gradually move from the East west
ward. In our country this began In
ls4e, with the discovery OF gold in
California, although 1t did not reach
its height until after the Spanish
War. The great development in Cali
fornia has been during the past 20
years. This development from East
to West continues until the cheap
lands have been taken up; then a
second great economic movement
starts, namely, from North to South.
This has been true with every great
country, and this second era is just
now beginning in the United States.
sees New Day In Southland.
If economic history repeats itself,
the South during the next 20 years
will develop as the Pacific coast has
during the last 25 years. This does
not mean that the development or the
Pacific coast will stop. Let no one
fool himself with this idea, because
as the people of China, India and the
Far East awake and become consum-
ers of American goods, the Pacific
coasts development will be greater
than ever. The most spectacular
growth however, from now on IN the
United States will be seen in the
South.
This Is best illustrated by the fact
that whereas the bank. cleartngs OF
the entire country during the past
five years have increased on an
estimated that the bank clearings or
representative cities of Florida dur
ing the same five years have more
than doubled.
Autos Stimulate Move.
Owing to the good road movem ent,
now in full swing, and the lo'ooo'ooo
automobiles in the country, TINS ecu
nomio movement from North 70
south should be much more rapid
than the previous movement from
East to West. This is all the more
true considering the greater pros
perity of American people today com /
nared with any previous time NOT
only does the South possess WONDER
full natural resources, a peanttlul
climate and cheap land, thus lnsurihs
an all-year-round development put
there are 100000 additional people
VINO COuIQ wen eiiAO1N
Winters in the South. BY so doing
these people could lengthen thelr
lives. on the average, about lo years
and,could spare two or three mohths
from home without any interference
with their business.
1t would be d tremendous ecohonlio
gain for the Nation to extend the hEes
OF these people-the ones VINO create
and develop their home communities
and who furnish the initiative TOT
America. We are striving to con-
serve natural resources, but the
greatest of all resources are the re"
people in each community who 1ur-
nish the courage, energy and capltai
which make these respective COM
munities grow.
Many Special Advantages.
Every section of the South mas
great possibilities of growth. Every
one of the IL Southern States has
distinct advantages, which IN eacn
case are unique. For instance, the
Carolinas have a seacoast which Is
uneoualed in the world; Tennessee
leads in climate for all-the-year-
round life; Georgia will be America
greatest textile State; Florida is the
one tropical State in the Union; Ala
bana is richest in natural resources
and is destined to become the great
est industrial State; MISSISSIPPI and
Louisiana are rich in timber and