Another large manufacture is that of tobacco, which is grown in quantities in many of the Southern states, particularly in North Carolina and Kentucky, the great centers of the tobacco industry being Richmond, Durham (North Carolina), and Louisville. The tobacco factories are one of the few forms of manufacture in which Negroes are employed for anything except crude raw labor. In distilled spirits the South produces nearly a third of the whole annual output--the greater part in Kentucky; the Lower South does not provide for the slaking of its own thirst; and of the milder alcoholic drinks consumed in the whole country, the South furnishes only about a tenth. This success in manufactures is due in part to cheap power, for both fuel and water power are abundant and easily available; and since the South requires little fuel for domestic purposes, it has the larger store for its factories and railroads. The South has also become a large producer of petroleum, phosphates, and sulphur, and in its bays and adjacent coasts has the material for a valuable fishing industry. For carrying on these various lines of business, the South is indebted in part to Northern and foreign capital; but very large enterprises are supported entirely by the accumulations of Southern capitalists; and the savings of the region are turned backward through a good banking system into renewed investments. The South before the Civil War was probably better supplied with small banks lending to farmers than in any other part of the Union, and in the last ten years a similar system has been again worked out. There are nearly 1,500 national banks in the South, of which two thirds have been founded since 1900; and in addition, there are numerous joint stock and private banks. That the business is sound is shown by the fact that practically all the Southern banks weathered the crisis of 1907, which was more severe there than in the North. In a very remote rural parish of Louisiana, in a small and seedy county seat, is a little bank opened in November, 1907, which, within two months, had accumulated $65,000 of deposits, and was still enlarging. Through these widely distributed banks capital is supplied to small industries and to opportunities of profit which would otherwise be neglected.