Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-05-31

As early as 1888, nearly thirty years
ago, a cotton factory was built on the
Chattahooehes at Columbus, Ga. It's
beginning was small, but it steadily in
creased in business and prosperity down
to the day Of its destruction by the fed
erals in the spring Of 1860. ON the re-
turn Of peace it was rebuilt, and down
to the present time il has been engaged
in the profitable spinning Of yarns.
Some $500 spindles are running now,
and the number will be doubled the
present year. The coming winter, also,
il will again enter upon the manufac-
ture of cloths. It is said to have water
power enough TO ran I00, 600 Spindies,
and to increase its manufacture Of yarns
and cloths in proportion. The capital
stock is S250,000, with privilege Of in
creasing to 81, goo, 900.
This first enterprise proving very
profitable, another company vas organ
lied in that vicinity in 1850, and went
into operation two years after with a
capital stock Of Sl3S 500 paid in. The
first four years it paid an annual divi-
dend Of twenty five per cent. Soon
after the capital stock WAS increased to
S27e,000, and 500 hands were constantly
employed. Ia 1860 it consumed 1892
bales Of cotton and SOP bales of woods
averaging 500 pounds 90 the bale, and
produced $50 bales of c~snsburgs, thirty
four bales ~eottonades, 246 bales colored
wooden goods, 33l bales shirting, 3S7
bales of yarn weighing each 800 pounds,
967 bales cotton stripes, 532 bales kerr
seys, e5G pieces cassimeres, 1896 bales of
sheeting, 992 coils of rope, 24,2s1 yards
of sewing thread, aud 2625 pounds of
shop Irvine. The factory was, also,
burned by Wilson during his raid
through Alabama aud Georgia, but i'm
mediately after the return of peace re-
built. The capital stock now is S450, 600,
of which $751; 500 is paid in. The new
buildings are nearly ready 20 receive the
machinery, aud when in full operation
will employ 500 hands and run 800 looms,
With wool and cotton spindles in pro-
portion.
And what has been done on the Chat
tahOoche, says the New Orleans Pea
yasls, can be done sll through the south.
There Is no couRtry in the world more
beunteously supplied with suitable water
mower, and none whose climate is any
way more favorable. Instead of a dozen
cotton and wooden factories in the state
of Georgia, there might easily be found
sites for five hundred, enough TO work up
all the cotton and wool raised in that
state, at least into yarns, andt to supply all
the people with suitable clothing. The
same may be said of the Garolinas, of
Alabama, Mississippi and Tennessee.
Through all those states run living
streams of purest water admirably
adapted TO all the purposes Of manufae-
turing. There ts no climate more
healthy. The raw staple is ready at
hand. There is a vast market at home.
and what is not wanted for consumption
here can be exported at immense profit
to the north and to foreign countries.
There is no reason 10 the world why we
could pot-hsve as good machinery as
they have in England, and labor as
for thousands of starving opera
tiyes there would eagerly jump at the
to emigrate hither, and eOmpa-
mics, like those of the ChattahoOche, thus
would be capable of Turning out
the 6nest fabrics known in Lancashire,
and supply 3 large portion Of the markets
Of the World.
APPLES-The supply is light-de-
msnd good. Selling at IS to Sl2 per Dbl.
BRAN-There IS only q moderate sup
ply. Held firm at S4s TO $50 per ton.
BUTTER-A large stock, with fair
for choice. Selling at IS to see.
Common is dull and selling at Is TO Csc,
rs 10 quality.
BEANS Are scarce with moderate
Navy held at S. as to 81 per
CHEESE-Nearly out Of market;
reserve, II to lSc; Engish
larry, IS to 2Cc.
C0FFEE-A fair stock and demand.
Rio, 20 to 27le; Laguayra, % to SSe;
lava, AZ to 4Sc.
CORN-Reeeipts very good, and prices
IRE weak. Selling on levee ct 81 10 to
N Is. from store at 81 IS to 81 20.
CORNNfEAL-There is = good supply
demand. Kilndried sells 30 IS 55to
s SO OF levee. From store about 25e per
,bl. higher.