subscribed, in lots of $1,000,000 and upward, for the purchase and development of Southern railroads and mining properties; the total will probably run to $120,000,000. There is now being expended in the building of new railroads from Atlanta, Georgia, as headquarters, $17,800,000, not one dollar of which was subscribed by Georgians or by the State of Georgia. The men who invest these vast amounts in the South are interested in the general development of the section into which they have gone with their enterprise, and they readily double any local subscription for any legitimate local improvement. By the sale of these railroad properties to Northern syndicates at advanced prices the local stockholders have realized heavily in cash, and this surplus is seeking manufacturing investment. The prospect is that the next ten years will witness a growth in this direction beyond what even the most sanguine predict. The International Cotton Exposition, opening October 5, of the present year, in Atlanta, must have a tremendous influence in improving the culture, handling, and manufacture of the great staple of the South. The Southern people do not lack the desire to keep abreast with improvement and invention, but on the contrary have shown precipitate eagerness in reaching out for the best and newest. Before the war, when the Southern planter had a little surplus money he bought a slave. Since the war, he buys a piece of machinery. The trouble has been that he was forced to buy without any guide as to the value of what he bought, or its adaptability to the purposes for which he intended it. The consequence is that the farms are littered with ill-adapted and inferior implements and machines, representing twice the investment that, intelligently placed, would provide an equipment that with half the labor would do better work. It is the purpose of the exposition to bring the farmers face to face with the very best machinery that invention and experience have produced. The buildings themselves will be models each of its kind, and will represent the judgment of experts as to cheapness, durability, safety and general excellence. The past and present will be contrasted in the exhibition. The old loom on which the rude fabrics of our forefathers were woven by hands gentle and loving will be put against the more elaborate looms of to-day. The spinning wheel of the past, that filled all the country-side with its drowsy music, as the dusky spinner advanced and retreated, with not ungraceful courtesy and a swinging sidewise shuffle, will find its sweet voice lost in the hum of modern spindles. The cycle of gins and ginning will be there completed, invention coming back, after a half-century of trial with the brutal saw, to a perfected variation of the patient and gentle roller with which the precious fleece was pulled from the seed years upon years ago. There are the most wonderful machines promised, including a half-dozen