One Thousand Ways to Make Money by Page Fox

817. COTTON MILLS IN THE SOUTH.--About 9,000,000 persons in the United

States and England depend for their livelihood on the cotton trade. Until recently New England had a monopoly of the cotton manufacture in the United States, but of late it has been ascertained that, owing to the cheaper cost of iron and fuel, the business can be carried on more advantageously in the South. The coal and iron in the mountains and the proximity to the raw product will cause New England soon to be distanced in this important enterprise. For those who seek cotton manufacture for a livelihood or for a competence, and especially for those who are beginning the business, the northern parts of Georgia and Alabama present unrivaled opportunities for the carrying on of that industry; and to such we would say, paraphrasing Horace Greeley’s advice to the young, “Go South, young man.”