The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1866-08-04
The cotton Mill.

We have so fully, heretofore, refer
red to the Importance Of the estab
lishment of Cotton Mill in this city,
that it is unnecessary to repeat what
we have written on the subject. All
our citizens of capital and business
experience who have been approached
upon the subject, concede the import
ance and great value it would be to
Evansville, and some of them, we are
glad to learn, are taking hold of it in
the right spirit. If we are to main
tain our position as the first CONNER
cial city of Indiana, we must foster
just such enterprises as the one now
presented to us. Nothing will secure
us more permanent wealth than man
ufactories. A Cotton Mill is needed,
and can be made very profitable. A
few of our business men of known
public spirit and business judgment,
have the matter in hand, and will fol-
low it up to a successful organization,
or throw the responsibility where it
should properly attach, upon the men
Of available wealth, who have made
their money out of the past prosperity
Of the city The same men, we are
satisfied, will be willing to invest
part of their capital in such way as
will ensure them profitable returns,
and add greatly to the permanent
growth and business of the city
As appropos to the subject, we copy
an article from the New Albany Led
ger, which explains itself, and has a
lesson for us:
COTToN MILL-Among other man
ufacturing enterprises proposed in
New Albany, is the establishment of
a cotton mill. For several weeks
past a number of the capitalists of
the city have been moving in this en-
terprise, and we are gratifed to learn
that it has assumed such shape that
there is every probability that within
a short time we will have the gratifi-
cation of announcing that a company
has been formed and all the necessary
arrangements perfected to secure the
establishment here Of a frst-class
cotton mill 7,2
There is not, another branch of
manufactures In the country that iaf-
fords more. certain and larger profits
than cotton goods-either in cloths
or yarns And when it is considered
what an advantage q manufactory. of
this kind here would possess over the
Eastern establishments, no man who
has extra capital lying idle or drawing
merely nominal interest, we think
can hesitate to invest it in such an
enterprise. - its3 ssas1 ~ -fs boa
The recent returns to to the manu-
featuring department of the Patent
Office show that the average profits of
the cotton manufacturer, taking IN all
the mills In the country. are about %
per, cent. This of itself is sufficient
to indicate where capital may be pro-
ftably employed. The demand for
cotton fabrics is constantly increasing,
while the establishments of cotton
manufactures are by no means in
ratio with the establishment of other
branches of manufactures through
the country. There probably will not
be time within the next half a CEN
fury 5shen the manufacture Of cotton.
goods in the United States will be
equah to the demand. aa aoga1
We throw out these facts as indi-
eating where capital may be most pro-
ftably employed; and in doing so. we
would have men who have from 81 600
to $4,000 lying comparatively idle,
give this subject of cotton mannfac-
turing proper consideration. ID The
raw material could be delivered here
as cheaply as at any point on the Ohio
river, our facilities for transportation,
either by water or rail, being equal to
those possessed by any town below the
/ falls of the Ohio. A cotton mill here
could not fail to prove largely remun-
erative to its stockholders.
It is proposed, we understand, to
raise company, with capital of not
less than 100000, for the pur-
pose of establishing first class cot
ton mill in New Albany, the stock ia
be in shares of $500, It is probable
that within a few weeks books for the
subscription of stock in the company
will be opened as 3ll'
We would earnestly urge upon
those who have extra capital this
project. Every retail as well as whole
sale dry goods merchant in the dis
trict is directly interested in the es-
adjustment Of such first class cot
ton mill here; and we believe that
when they are called upon to sub
scribe stock in the enterprise, which
they will be ere long, they will re-
spond most literally
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