Valley Spirit
The Crisis
Investments in the South
Full Text of Article
What the South needs at this time is capital to put life and animation into the business interests of that section. The people are ready for work, but are prevented from going forward on that road by a lack of funds. Thousands of acres of the best land in the nation are lying idle and unproductive, and will continue to do so until the tide of capital flows in that direction. Business men and men of means would look to the South as a field for operations if they were not deterred by the statement made in the Radical papers, that no security can be given for capital in the Southern States in the present condition of affairs in that section. This statement is pronounced erroneous by the New Orleans Crescent, which journal says:
We, who live in the extreme South, and know the country, its resources, its actual condition and the character and sentiments of the people, think the very opposite to be true. We believe that if there be any part of the country in which capital is safe, "in the present State of our political affairs," it is in the Southern and especially in the Southwestern States. We have passed through our sea of trouble, and are on dry land again. We came near losing every thing-did not actually approach the brink of ruin--but what ruthless war spared is safe from any further danger. There will never be civil war again, or political revolution, or even a respectable attempt at commotion, either in the present generation, or the next, or the next, in the Southern States. We have ever present with us now not only the light of our own experience, but by that light we can better read and appreciate the experience of other people who have suffered themselves to become involved in civil war. If there be one sentiment predominant among the Southern people at the present time, if there be any one lesson impressively taught to the rising generation, it is that political agitation, necessarily leading to civil war, is the greatest of all evils--a curse. And with it is taught its complement, the equally important lesson, that order, security to life and property, agriculture and commerce and manufactures, with attention solely to them and the cultivation of social virtues, are the greatest of all blessings.
With these lessons indelibly impressed upon our minds, and with this determination, where can there be found a country in which capital can be more securely invested than in this? And where more profitably? In consequence of the late unfortunate attempt at revolution, a vast amount of the most valuable property has been thrown upon the market at the lowest prices. The immediate necessities of individuals who suffered most severely during the war, have brought with them, to such as have ready money, the most admirable opportunities, such as offer themselves only in a century, to possess themselves of stocks, real estate, and all kinds of property, frequently at one-eighth their real value. This is the view which a great many Northern people are actually taking of our affairs, and hence the Southern country has, thus early in the season, a far larger number of visitors looking around for profitable business and investment than ever before.--They are right. There is no safer, more profitable country for the investment of money and labor, no more secure place in which to settle than these Southern and Southwestern States.
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"The Hamilton Spectator, published in Vanada West. of the 19th ult., contained the following startling paragraph, which our capitalists will do well to read and seriously ponder upon."