The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-12-30
COTTON And ITS MANUFACTURE.
Cotton Raising-The "Cotton Lords OF
New EnS1nnd"-T hc Augusta tGnJ
factory and its Comparison of Opera
tions-Nyhat the South Needs-Fiuctu-
ntions in the Prfec OF Cotton.

The New York Times, in n late issue. COM
ments upon an article on "Cotttn Manuiactur-
ing VS.. Cotton Raising" which recently ap-
peared in Nashville paper, from which it ap-
apears that cotton mills in the South aro, even
now, paying dividends (which would cloy tho
avarcious cravings of Shylock himself" In
discussing this important subject there ar0
many stubborn facts aad solid figures to deal
with, and the vital question Involved is,
whether cotton manufacturing may not pro-
ducc moro profit than raisin. the staple it,
self. We quctc rom the Tirnos:
SOUTHERN Cotton FACTORY.
We hive before us the report of William e.
Jackson President OF tho Augusta tGa.) Cot
ton Manufacturing Company, showing the
opcratlonS of thai corporation for the Hrs. SIX
months OF the prescn5 Year. 1t has been sent
the writer obviously 10 challenge any cotton
manufacturing company Ill New England 10
comparison OF operations; and we will give 1t
the Lcnctit of lis showing. Tho gross carn-
ings for the past six months, ending jane Sv,
have been S135.510 Gj; interest received, S3g2l
G5. Total, s139, ,432 80. From which IS de-
ducied expenses, taxes. &c., S3l,8 IL; leay-
ing as net profits, $1O7,534 II. From which
two dividends OF five per cent elci, amounting
to SG0, ,00O, have been paid, enabling the COM
pany to carry to the credit ct profit aud loss
account sl7,534 II. making thc amount now to
the credit OF that account, S224 798 y. Goods
manufactured from December II, 1857, to June
13, 1868: Pounds, 1,1Sf,S4j; pieces, 9S.34o;
yards, 3.SSs3O1.
Cotton consumed. lbs.................. l,3O?,oil
avcrat5e Yard nrr loom Der day 49t6
Number of looms running. .............. oV0
NnnIer of hand, emuloScl . 5O7
Aggregate wages paid.... ............. Sso'oso 20
Aggregate safes ..'.......''.'' %'A'''Oo ~
Since the war, or from June 13, 1865, to June
SO, 1868. the company has addeu to its machlu-
cry by $92 ,6e6 Is, and paid to It's stockholders
the sum OF S3jJ 90, be idc5 adding to it's sur
pus account sI2l,O52 G7. thereby swelling that
iund to S224,7y5 %. Aud this, 1t is ciaimcd, IS
the result Of bat $G0,0 % capital. The gall cash
value Of the csmImny'5 property on TIC 59th OF
last Juno. was SjoO.OOO, irrespective OF tho
1921 ,7qS %
Daring the same time the company hare:
BALES "cods, ma,lc, q SIS: aeGreSaie sales:
So 7G5,3J1; so aSgr gate WAGES p2id Sj22, 25O ID:
average yards pi: ioJm, per dly, - 9o-l0o;
average nu ..har Vi hands employed, 57S: FRO
duct:0n fJr lllroc ycirs: Pounds, G.2G1,Gjo;
pircc-, 527, IL; yIrds, .. :3H .GI9.
The Augusta fa tory property w purchased
ten years a.Io of thc city, for S!l0,0JO. on Ten
years credit tho purchasers paying In, as con-
lneICiil C3IHt.l. 'o!4SO I'''' ~''''-N'
ihc cnlire propo?tY la: bcan paid fer, no" l:ia-
chiA:ry has iccn bolg,it. and The capita n
croased % $500 COO by tho addition Of por.soa sc',
of the surplus, regular dividends having zen
mid in The inc:n.;nt. During the VIZ, the
dividends OF t;.is c!mpany were cl=fmonH; ';;.
After cxanii.i:ig I'll these facts, Gasn 'iic
pqpcr asks il all earacstncss, w.r'.5t !h.
cotton manufacturing company 1ofl "l it.s3'i
and D;So lac may not BE- safE M u e!ai'1nSee csSsa
to make such Il showing? V? DO c.ilicnSc i.l.,:,
any AID all OF tiicm to { coI15ari,Son % olislal
tious. Let tic cotton lords o! No;g L l;;!a!Hu
ook-pot 10 tcr ire 2t 70 ts tsG,T nrpoof 3sof -
G.r,i.,,strtr Hal Il :c Of Nashville, aad CT the
south cx2end BIZ haiF s;is labor sn r: So, o
in helpns ourselves hirh Te now tnr%st devGIg 10
nrrsecu;ors. q -. .e Wiz no. hare Passed BE-
lore o.r i:ldrsilIai l1!a2eulcncc will have be-
come All ace p!:.;h.H fAct.
WHEAT A2swcE 2?
The Augusta Cotton Fee ory is al exception.
Tia succeed, lac beea wonderful. we know or
nothing Ike it IL the history Of cotton manu-