The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1856-05-21
A Cotton Factory.

Our readers best know how frequently and
zealously we have urged the Importance of
manufactures to this city, and have appealed
to the community to do everything in their
power to encourage the starting Of manufacto-
res of different kinds at this point. So init
mately do we connect manufactures with the
destiny Of Evansville, that we firmly believe,
without q great increase Of them. this city has
nearly attained her growth-with them, she
will double herself in ten years. Whether
this be an error or not, many others think as
we do. Under any circumstances Evansville
must continue growing--but we are not com
munity to be satisfied with that progress
which might well be coveted by many other
places, regarded too as prosperous.
We do not know ofany kind of manufacto-
ry which if properly started and conducted
with energy under experienced control, would
pay better than a cotton factory, and for the
amount Of capital invested be of more real ben
eft to the city. However this may be, we have
proposition to sabrnit to our citizens for their
consideration, not pretending to offer an opin-
ion on subject of which we really know so
little. A gentleman from neighboring city
has all the machinery for large cotton mill
lying idle. He says the machinery is as good
as when it was new, having been but little
worked, and complete, containing the latest
Improvements to the time of their manufac-
ture few years ago, and comprises it all
the improvements with the exception Of small
ones in the looms, to secure which these
looms can readily be altered. This machinery
is worth from thirty to forty Thousand dollars.
The owner is willing to permit any machinist
acquainted with the worth of such machinery,
to set value on it, and then place the ma
chinery as stock in achartered company, COM
posed of good men, to establish Cotton Fac
tory in this city. He is willing to do more
than this-he will take as much cash stock
in the company, so we understand, as any one
of our citizens, if it be needed 20 make up the
amount. He is abundantiy able to do this
and we would hail with pleasure any move
ment which should have, as one result, the
\ interesting Of this gentleman in our city, and
| in its enterprises.
In the erection ola Cotton Factory, the ma
chinery is the great expense. This propesa
provides the machinery without the expendi
ture of dollar in cash for its purchase. The
owner proves his own appreciation of the worth
of the machinery and of the prospective value
of the enterprise, by an offer to take liberia
share of the stock. The real expenses of the
company will be to purchase land and to built
a factory and appurtenances, costing from tel
to twenty thousand dollars, and have the CAPT
tai for the purchase Of raw material to com
mence with, which can in turn speedily b'
changed to the manufactured material, and i
to cash. We understand the Cotton Mills a
Cannelton are making money. We have al
the advantages of that place for large cottof
mills, with many advantages which Canneltor
does not possess. We believe Cotton Fac
tory would make money here, and be a grea
benefit to the city. Believing this, we leave
this proposition to the consideration of our fel
lowcitizens, trusting it will at once receive
attention.