[The New South by Holland Thompson]@TWC D-Link bookThe New South CHAPTER V 8/28
Another difficulty was that a place for Southern yarn and Southern cloth had to be gained in the market, and this was difficult of accomplishment for the product was often not up to the Northern standard. Managing ability, however, was found not to be so rare in the South as had been supposed.
Some of the managers, drawn perhaps from the village store, the small town bank, or the farm, succeeded so well in the broader field that others were encouraged to seek similar industrial success.
As the construction of new mills went on, the temper of the South Atlantic States began to change.
The people began to believe in Southern industrial development and to be eager to invest their savings in something other than a land mortgage.
An instalment plan by which the savings of the people, small individually but large in the aggregate, were united, furnished capital for mills in scores of towns and villages.
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