REVOLUTION IN THE SOUTH 



absentee ownership encouraged the thoughtless, selfish, 

 get-rich-quick habits of those days; but the significant 

 aspect of this highly profitable development of South- 

 ern resources was that although it brought money into 

 the South, it was paid out for vanishing assets and cur- 

 rent labor. The profits which might have been avail- 

 able for reinvestment were drawn away to other sec- 

 tions. 



During these years there was also a growing indus- 

 trial development. Wise Southerners had long realized 

 that an industrial supplement to their agricultural econ- 

 omy was essential, if the region's admittedly low scale 

 of living was to be raised. The fiery little Celtic- 

 Georgian, Henry W. Grady, was only the most effec- 

 tive of many preachers of this industrial doctrine long 

 before the New England cotton mills, tempted by prox- 

 imity to their raw material and low wages without 

 unionism, began to trek into the Piedmont sections of 

 the Carolinas where water power was available. 



Still lacking capital, but convinced of the need of 

 bringing any and all kinds of manufacturing enterprises 

 into their midst, Southern communities outdid the most 

 bumptious, hustling Western city in ballyhooing their 

 "natural advantages" and in raising slush funds to bribe 

 industrial prospects with landsites and buildings and 

 free taxes. Florida, not California, was the first state 

 in the union to vote state funds for an advertising ap- 

 propriation. Other Southern states followed and during 



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