Money For the South
February 17, 1869
Mr. Forney,"publishes an elaborate letter upon the subject of the excess of money at the North, and the fine fields for investment at the South."
Money for the South. - Mr. Forney, in his Washington Chronicle , publishes an elaborate letter upon the subject of the excess of money at the North, and the fine fields for investment at the South. Commenting upon the tables he quotes, he says : "Here, apart from the picture of the prosperity of the working classes of the North, stands the fact that there are nearly three hundred millions of money on deposit in a part of the savings banks of only eight of the old States - a fund which, it is truly said, is only waiting for perfect security for investment in the South to be transferred, the most of it, to that more profitable field of labor. These are the classes who are to build up and restore that interesting section, even as they build up and enrich themselves."
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“Money For the South,” Reconstructing Virginia, accessed February 1, 2023, https://reconstructingvirginia.richmond.edu/items/show/1269.