The foregoing paragraphs have been designed to lead up to a very interesting view expressed by an author often quoted in these pages. Speaking of the years 1840-1860, Mr. Clark has said: "In the South the most striking feature of this period was the gradual breaking down of a traditional antipathy of manufactures. This hostility was opposed to the obvious interests of a region where idle white labor, abundant raw materials, and ever-present water-power seemed to unite conditions so favorable to textile industries. Cotton planting engaged the labor of the negro and the thought and capital of a directing white class, but the natural operatives of the South remained unemployed, and the capital of the North and of Europe was mobile enough to flow to the point of maximum profit without regard to sectional or national lines, were such a profit known to be assured by Southern factories. Slavery as a system probably had less direct influence upon manufactures than is commonly supposed, but the presence of the negro through slavery was important." It is noticed that white immigration from Europe, which at this time supplied the most considerable mechanical skill, avoided districts heavily populated with negroes; that plantation self-sufficiency meant isolation with small need for good communicating roads; that the market for middle-grade goods was restricted by the servile character of the colored population; that the credit system, by which factors controlled the directioning of productive capital, rested upon cotton culture by negro labor; that while the corn laws held in England, reciprocity between the Southern States and the mother country tended to discourage manufactures in this section while the conditions of commerce favored manufacture in the North. "These business interests, supported by social traditions and political sectionalism, were strengthened in their opposition to new industries by a wide-spread popular prejudice against organized manufactures.... Nevertheless the South chafed continually under the discomfort of an ill-balanced system of production...." He speaks of the canal at Augusta and of cotton mills at Charleston, Mobile, Columbus, New Orleans and Memphis directly following the writings and object lesson of William Gregg in his Graniteville factory and declares: "Though some large undertakings were wrecked by the financial crisis of 1857, more from weak banking support than from faults of operation, modern cotton manufacturing in the South dates from the founding of Graniteville rather than from the post-bellum period.... However, viewed in comparison with the cotton manufactures of the North, those of the South were still insignificant.... Nevertheless, the present attainment of the industry assured its definite future growth, and ultimate national importance."[60] And Mr. Kohn has said that "The real and the lasting development of cotton mills in South Carolina might be started with the Graniteville Cotton Mill...."[61]