The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1845-05-02
NUMBER 30.

Lowell, and leaving ont OF view The profits
which have accrued TO the owners, flor il
matters not whether they be gamers or not y
the difference between the cost of the raw
, material aud the sum received for The sale
Of The manufactured article, would have
been clear gain 10 the people of Columbia
and ITS neighborhood. The Difference be.
tween the value oflhe raw material here and
OF the goods produced BY The three mills,
spoken Of in Lowsll, for the sir months,
ending Both Dune last, would be 1904 ,O64,
or $500 l25 per snnum. Ten such mills
producing similar results, would yield 10
The community in which they were located,
The sum Of III ,S97 ,093. This would have
doubled the population Of Columbia. Many
an enterprise, never dreamed Of before,
would have had its birth aud been matnred
by this lime within her limits. Artisans
from oil parts of the world would have
found their way TO this delightful spot, and
her suburbs would now be ringing with tho
busy hum of workshops, while her streets
would show tho marks Of IN increased
trade, and shs would not only be the capital
but the pride Of our State.
Twill now proceed to giso history Of
the faucluse Manufacturing Company, and
OF It's manufacturing establishment, erected
in The year 1888. This company was no
doubt stimulated to action by the disposition
thu, pervaded this State aboa, that time, for
manufacturing, bringing into existence the
Marlboro, De kalb, Saluda, and two or
three smaller mills, and il is truly unfortu.
nate for this State, tina, euch mistakes
should have been made.
Gen. McDufie, and our worthy fellow
citizen, the Hon. Mitchell King, wero two
of the principal stockholders IN the Vau.
cluse Company. One would suppose that
such mep, engaging in Q new enterprise,
would have given the subject some sort of
The position lha, these gen.
lemen occupy in the State, as 10 fortune
and other things, is proof Of their ability
and eminent success in such enterprises as
have engaged their attention /; but unfortu.
nately for them, in this instance, they only
looked across the waters, at the promised
land-thcy fitted out their bark for the
voyage, but went 10 sleep al the helm.
This company obtained charter from tho
Legislature, and organized themselves by
eIeeting Presidon. aud five Directors
They wrote TO Patterson, N. j., for machin.
cry suited TO the manufacture of cotton and
Hool-.fne and coarse coth---assorted
yarns, &c, thus, as will BIO perceived, split
ting on the same rock which wrecked the
Sauda Company. They committed the
Same error, of not looking beyond the sup
ply of the immediate neighborhood, and so
their machinery as to render
it Impossible for it 10 produce profit, except
by the incest and most skillul management.
The presen, proprie,ors Of this establish.
ineni have sold the wooden machinery aud
are remoddl;ng the balance, but it will have
10 receive many solutions in new machine
ry before i, will! be capable, with the best
management, of tuning on, the quantity,
per hand, that The Massachusetts mills do.
The strangest par. of the story remains
yet to be told. As above stated, this Compa-
ny elected President and FIVE Directors to
manage their affairs. This Board ordered
he machinery TO be made and sent out
ppoin,ed an agen, to superintend the erec-
ion of suitable building, for il, and houses
-or the operators. Will the fact DO credi-
led, tina, this Board of Directors never had
, meeting after its first organization, not
wen to receive the building from the con.
hands The factory ran, thus
neglected by those appointed to look after
is affairs, for two years and six months,
and is i, surprising That, instead 81 making
money, they should have incurred a debt
Of $4,000? Fortunately for the company,
an individual undertook TO purchase some
IF the shares and after possessing himself
,r number sufficient 10 excite some in
crest, he looked into matters end found the
Mill in charge of an ignoran. Englisbman,
Who received So per day. He knew moth
ng of the business, and as wsAIafierwards
proved, had never before hadcharge, evon
If single department in asfhill. He was,
n fact, only a common operative, with
neither truth nor honesty in him. This
gentleman immediately determined 10 ap.
no the company of their real condition.
i WAS With the greatest difficulty that a
ufiicien, number Of the stockholders could
20 brought together, 10 form quorum, in
rider that measures of relief might be ta-
zen and Blu, for the debt OF $4,000, which
vas about to 20 into judgment. il is very
whether meeting could have
,een obtained. The result of this meeting
vas, tina, the property was offered for sale.
The gentleman alluded to above, who had
purchased into tho company, took up his
bode at tho Fsctory, as summer resi-
ence--diseharsed the English ovsrseer
nd took charge of the establishment IN
erson--made the Factory turn on. double
Is former product-purchased the cotton
nd other supplies-sold the goods, DC,
md in eight months previous TO the sale
made nett sum for the owners Oh about
s11 900. This paid the debt and left
surplus of $4,000, and but fosshis circum-
stance. the establishment would have sold
or nero song. The shares, fifty-four
md half in number, cost originally $1,000
zach. The sale produced abou, $3.50 per
hare. So ended the vaucluse Manutac-
uring Company, and it is matter OF sur
~ .,noEhoIdars did mt ainI~