The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-03-26
THE TAUCLUSE MANUFACTURING
COMPANY.
TO THE EDITOR OF THE NEWS.

TO THE EDITOR OF THE NEWS.
1t is greatly to the interest Of this State that
well managed manufacturing establishments
should be sustained. Every failure is draw
back upon others; every success invites ad-
ditional capital and energy. It is on this &C
count that with many others look with great
| interest upon the attempt to put up another
sca C larger mill at the site Of the long known
vaucluse Mills in Edgefeld District. It was
doubtless owing, in part, to the connection of
the late lamented VIM. Gregg with that fac
tory that the Granitevile Factory. four miles
below it. upon Horse Creek, was 80 successfully
established. This was the pride Of it's public
spirited founder To it he devoted the ener-
gles OF his later days. And it stands to-day the
evidence that at the South as we'll as elsewhere
cotton manufacturing may be made successful.
Although it's success has been various at various
times, yet taking It throughout it has we'll paid
it's stockholders. Since the close Of the war that
success has depended to great degree upon
the gentleman who is now seeking to establish
the Vancluse Factory. During the lifetime of
his father lie became it's superintendent. The
machinery, mae which M a. had been recently intro.
predicted that it would fail, and Mr.. Gregg
was censured by some that he had not bought
machinery at the North. That prediction
placed under the charge of the son, who, BY
his skill and earnest cooperation with his
father, solved all the difficulties presented by
the new machinery, and placed it in effective
operation.
At the time that machinery was placed in
the mill William Gregg, Sr., spoke most en-
Enthusiastically Of the certainty that it would
make one hundred and twenty Thousand yards
Of cloth per week. Shortly after the difficulties
had been adjusted Mr. James Gregg said that
ne would bring the amount up to one hundred
and forty thous and yards. Not only did he do
this, but he has gone on increasing the produc-
ton, until the mill now turns out over one
hundred and seventy five Thousand yards each
week. He has thus shown that the period OF
preparation in the mill at Granitevllle, and his
subsequent study of cotton manufactures at
the North and in Europe, has made him one OF
the best informed manufacturers in the
country. He certainly has no superior, and
not o single rival in the South.
in his new enterprise. I have no question
th At the mill he will put up will be the best,
though not the largest, in the South. It will
be put up at q low rate compared with the
stru ,ted. The machinery will be the best
adapted for the purpose. Mr.. Gregg's past
experience is a guarantee Of these things. 1t
will give o new impetus to manufacturing in
it's water power, 80 abundant yet SO little known
and used, driving thousands Of spindles, fur
nisi ing support to o large population. and con-
centrating an amount OF wealth and enter
1t becomes the citizens Of the State, there
fore, to take an active hold upon this enter
prise. Into what can our planters better put
their surplus funds, the safe Investment of
which is to so many of them so great a puzzle
In what way can any citizen do more for the
general interest Of the State2
I understand that Mr.. Gregg can secure
one-h IT of his capital in Baltimore and at the
Norto. Surely the remainder can be obtained
IN this State and Georgia. Would it not, in-
deed, be we'll to secure as much Oft from our
own people as possible ? Why let others reap
the profits and carry the spoiis from this
state But few days since one OF the
shrewdest business men in this State spoke to
sTle OF the stock MS ofsuch valu that it would
asS N BE 'tsS,a zith yscw
fling it as soon as the mill would BE IN
Operation If it could not be held longer. This
gentleman evidently thought it would be worth
much more than par as soon Gs the efficient
working Of the factory should be seen. A
paper mill with sufficient capital ought to pay
from ten to tvs enty- five per cent, according to
the price Of cotton and goods. The Granite
vile company has been making about eighteen
per cent. during the last two years, although
by no means favorable ones. The Augusta
mills, think, have been paying twenty per
cent The latter has q large surplus capital,
and can pay out all Of it's profits. The former
is accumutating capital, and hence only declares
dividends from q portion OF it's earnings.
Taking the success Of these mills as proof
Of one Of which Mr.. j. J. Gregg has been the
superintendent. we are surely warranted in
expecting the Vaucluse mill to be quite profit
able investment.
AD1REoroR OF THE GRAN1TEvtILE COMPANY.