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

1t is greatly to the interest of this State that
we'll managed manufacturing establishments
should be sustained. Every failure is draw
back upon others; every success invites ad-
ditional capital and energy. 1t is on this ac-
count that with many others look with great
interest upon the attempt to put up another
and q larger mill ut the site of the long known
vaucluse Mills in Edgefeld District. It was
doubtless owing, in part, to the connection of
the late lameated VIM. Gregg with that fac
tory that the Graniteville 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-
gies of his later days. And it stands to-day the
evidence that at the South as well 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 var that
success has depended to great degree upon
MIR. J. J; Gregg, the son OF its founder, and
the gentleman who is now seeking to establish
the Vancluse Factory. During the lifetime of
his father he became its superintendent. The
machinery, which had been recently intro
duced, was of English make; it was confidently
predicted that it would fail, and MIR. Gregg
was censured by some that he had not bought
machinery at the North. That prediction
might have been verified had not the mill been
placed under the charge of the son, who, by
his skill and earnest corporation with his
father. solved all the difficulties prese-ted by
the new machinery, and placed it in effective
operation.
AT the time that machinery was placed in
the mill William Gregg, Sr., spoke mos en-
Enthusiastically OF the certainty that it would
maize on hundred and twenty thousand yards
of cloth per week. Shortly after the difficulties
had been adjusted, MIR. James Gregg said that
he would bling the amount up to one hundred
and forty thous ind yards. Not only did he do
this. but he has gone on increasing the produc-
tion, until the mill now turns out over one
hundred and seventy-fve thousand yards each
week. He has thus shown that the period OF
preparation in the mill ut GraniteYille, 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. de certainly has no superior, and
not single rival in the South.
These facts give great confidence OF success
in his new enterprise. I have no question
th It the mill he will put up, will be the best,
though not the largest, in the South. II will
be put up at low rate compared with the
usual cost of such mill. IL will be well con-
stru tied. The machinery will be the best
adapted for the purpose. Mr.. Gregg's past
experirnce is guarantee of these things. It
will give O new impetus to manufacturing IN
this State, by which We may hope soon to see
it's water power, so abundant yet 30 little known
and used, driving thousands Of spindles, fur
nisl ing support to large population, and con-
ceptratlng On amount of wealth and enter
prise which now can hardly be imagined.
1t becomes the citizens of the State, there-
fore to take an active hold upon this enter
prise. Into what eau our planters better put
their surplus funds, tho safe investment OF
which Is 10 so many Of them so great ouzSle !?
In what way Gun any citizen DO more Tor the
general interest OF the State Z
I understand that Mr.. Gregg can secure
one-h II of his capital in Baltimore and at tho
Nortu. Surely the remainder can be obtained
IN this State and Georgia. Would it not, in
decd, be we'll TO secure aS much OF 1T from our
own people es possible Why let others reap
the profits and carry the spols from this
state? But q few days since one OF the
shrewdest business men in this State spoke to
me IF tas stockM :! M as ofsuch ya!u that II would
operatlon if it could not be hold longer. This
gentleman evidently thought 1t Would oe worto
much more than par as soon IS the cfhc!ent
working of the factory should be seen.
paper mill with sufficient capital ought to pay
from ten to ty enty. five per cent, accordlng 10
the price of cotton and goods. The Granite
yillo company has been making about elghteen
per cent. during tho last two years, aithougn
by no means favorable ones. The Augusta
mills, I think, have been paying twenty per
cent. The latter has largo surplus capital,
and can pay out all Of its profits. The former
is accumuating capital and hence only aecare"
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 Yaucluse mill to be quite profit
able investment.
DIRECTOR OF THE GRANITEv1LLE COMPANY.