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Southern Industries

Southern Industries image
Parent Issue
Public Domain
OCR Text

Ihe industrial progres of the South is uo less remarkable than the rapid devolopment of the Northwest. A study of the facts, as presented in trustvvorty tables of statisties, excites wonder. In 1860 the value of nanufactured products in the sixteeu Southern States was $181,994,104, while in 1880 it amounted to $442,831,031 - an increase of $200,836,877, or 143 per cent, The increase averageu over J. per cent ror each decade. During the past four yearr espccially, the matorial growth of tliat prosperólas section has been surprising. The assessed value of property in Alabama, Arkansas, Florida, Georgia, Louisiana, Missisiippi, Tennessce and Texas was $1,216,062.128 in 1873, and this year the assessment was $1,710,498,798 - an increaso of nearly half a a billion dollars. There is not'hing fictitious about the present assessed valuc. and enterprise, which built factories, opened mines and doveloped more rapidly than beforo the agricultural resources of tbc Sunny South. It is notevvorthy in this connection that while wealth has vastly inoreased therc has been no tendency towardextravagance in public expendítures, and the rate of taxation is lowei to-day thau it was four years ago. No important interest has suffered, however, in consequence of the rcduction of laxes. Schools have been woll providod for in nearly all of these states, and public improvements have gone on actively. The natural wealth of the South ia enormous. Iron ore. and coal abound, and the capabilitics of the soil have uot yet been mlly testcd. Nowadays we hear much about the richcs of the great Northwest, and probably they are not over estimated. 13ut the great South is in some respects a moro inviting iiekl forenterpnsiDg men witli capital. A golden era lias dawned. No limit can bo pl:ced to the prosperity which industrial aetivity, utider favorable conditions, has brought, and which the wonderful growth of manufactures will bring. M. Víctor Hugo has run foul of the rnajesty of the law. His name is postod among the delinquent tax-payers of Jersey for non-payment of taxes on Uvo dogs. HcNTsviu.E, ALA.- Dr. .). C. Spotswood, says : "Browu's Irou Bitters for djspepsia, rhcumatiSHi and general debility."


Old News
Ann Arbor Democrat