Evening star., 1926-05-23
BUSINESS IN SOUTH
PROVES REVELATION
Stockholders in Southern
Railway Study Industry.
Other Financial Notes.
BY EDWARD c. STONE.

OA AID w <AheU ~
Industrial growth in the South is
simply astonishing" said G. B. Chip
man. resident partner Of Hartman
& Co., who returned to Washington
yesterday after a tour with a party
OF stockholders over all the lines Of
the Southern Railway. "There are
literally hundreds OF cotton mills all
through the South. in fact, they are
so numerous that the South has now
come to look like New England" he
added. Everywhere we went we were
shown through plants of every de-
scription that are doing a splendid
business. Owing to the climate. these
concerns can operate IL months in
the year instead Of 8, as is the case
with shipping firms that do business
on the Great Lakes, for example.
I'VE went through one Of the steel
plants in Birmingham that is a mile
in length. We watched the entire
process Of manufacturing steel rails,
got f1rst.hand information and views
of some OF the best water power in
the world, and, Of course, looked over
most Of the Southern Railways finest
freight yards, car shops and repair
plants. as well as being shown very
highly developed freight distribution
methods. We walked through so
many big industrial plants every
morning and afternoon that we were
exhausted when night
came. but We got little rest in the
evening. as we were given banquets
by State, city and trade board officials
everywhere we went"
Furniture Plant Booming.
Mr.. Chapman says that in proper
tion to its size Atlanta is now as
lively a city as New York. There is
far more traf11c in the streets than in
Washington. He and his associates
toured one furniture plant that is
cheap as we'll as very
high-class furniture Of all descriptions.
and even bids fair some day to rival
Grand Rapids. Scores Of other indus.
tries are enjoying the same prosperity.
He was especially impressed with
the amount OF freight which the Rey.
nolds Tobacco Co. ships over the
Southern lines. They make Gig
arettes SO fast that they fly around
that plant like snow, he said. During
every working day I'm the year a %.
car train is started westward with to-
bacco shipments from this one plant.
DR.. Davis Friday, an economist
with the Interstate Commerce Com
mission, and formerly president Of
Michigan Agricultural College, was a
member OF the party and made some
OF the best speeches heard at any Of
the banquets during the week. He
had data to show how much more
rapidly railroad traffic in the South
has grown in recent years than has
been the case In the Northwest and in
some other sections OF the country.
prise.
Five Editors Offer Services.
Five former editors Of Dollars and
Sense, the publication brought out
by the local chapter. American In
stitute Of Banking. have agreed to re-
turn to the harness and help make the
1925 year book the best one ever pub.
lished, according to announcement by
T. Hunton Leith, new head of the
institute.
Norman E. Towson Of the Washing
ton Loan & Trust Co. was editor from
1920 to 1922, William NJ. Rankin of
the Riggs National Bank followed
him and Miss Lois A. White Of the
Federal National Banks staff has
been the editor during the past year.
Two associate editors, George Shisler,
now in Miami, Fla, and II. NJ. Tur-
ner, at present with a trust company
in Newark, N. j., also have volun-
teered their services. f. P. II. Sid
dons. connected with the American Sc
curity g. Trust Co. is businss man
ager and II. H. Darneille. employed by
the National Metropolitan, Is the cir
culation manager.
Mfr. Leith says the 1925 book will
come out on July ! and is high in his
praise of the former editors loyalty
to the work of the institute.
Local Securities Prices.
Following are the bid and asked
prices Of local securities which are
not listed under Washington Stock
Exchange rules: