The weekly Butte record., 1866-03-31

WooLES FAcTogY-An item is going the round
Of our exchanges, in which it is stated that a
Wooden Factory, with two sets of Machinery run
ming thirteen looms, can be erected in the Atlantic
States for si2 00e. If that amount in currency viii
pay the cost Of wcolen Factory there, the same
amount in coin ought to do il here And that Is
exactly what We ght 70 have here in Orovilie-
Such e mandatory coald not but prove source
of wealth and prosperity to Oroviiie and the sur
rounding country. Our citizens are able 10 build
ii if they will only think A joint stock eenpa-
ny could, we think, put the project into execution
and carry it out successfully. There are men in
OreFille who can afford 10 subscribe literally to
this enterprise and they fully aroused 10 the
Importance Of the question, we believe they would
do it. Farmers in this vicinity, and those engaged
in sheep raising, cannot possibly make better IN
vestment, or one in which there would be so little
risk. good woolen factory, managed by eompe-
tent and reliable individuals would not fail 10 pay
for itself in a short time, after which the dividends
arising therefrom would cause continual flow Of
wealth into the pockets Of those owning stock in
the concern. A. a favorable location for the es
tablishment of such a factory, Oroville can claim
precedence over many other places in the State,
and there are but few that have equal advantages
Being of central location, possessing spirited,
wealthy and intelligent population, surrounded by
a rich and well yielding country, and having good
water facilities, and commanding the trade of the
extensive slope of country to the east and north Of
U.s. with railroad communication with tide water,
our location naturally suggests itself as being pc
culiarly adapted for the establishment of manu-
factories. The great advantages derived from
manufacturing establishments cannot be oseresti-
mated. They concentrate trade and custom from
the surrounding country, by which the business Of
every trade is increased offer inducements to EN-
grants to settle where mills are located attract
men of capital who are in search of fourishing
locality in which to establish a business, and cause
an influx of both the permanent and floating pop
ulation, whereby new hotels and tenements will
spring up to meet the increased demand. No place
containing mills and factories can fail to become
fiourishing and wealthy from their effects. Nei-
ther is the wealth confined to any one Glass; but tn
rich and the poor are alike the recipients of the
benefits. By the erection of factories an extra de-
mand for manual labor is created, thereby causing
an increase of wages, while the rich man, by the
proper investment Of his capital, can create per
rennal fountain-head of wealth. We might men
ton many other advantages to be derived from the
of a woolen factory in our midst
but believe We have said enough to convince the
most skeptioal unbeliever that were the project to
succeed it would prove of inestimable good to our
county. We hope our citizens will debate the mat
ter well in their minds, and act for their own in
terests and the future welfare of Oroville.