The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1869-12-18
North Mississippi Cotton and
WOODEN Factory.

Editor Bulletin Your favor of Noyem-
Der 29th, is to hand, making inquiry as to
extent and plan of our Manufacturing Com
pany Permit me to say IN the first place
that it does not look to individual advance
ment or interest as some suppose, but it Is
the organization and cOnsumating a plan
called the co operative, recently adopted in
Europe with universal success and profit
TO those interested 1t looks to the interest
of the people and not the capitalists. 1t
aims at securing market for the fabrics
manufactured as well as for the cotton of
the District in which it is manufactured 1t
gives to the shareholder of 500 stock the
privilege of purchasing annually of the
fabrics Of the Mills $50 worth Of goods,
Cotton and woolen) at net manufacturing
cost. which of itself is sufficient inducement
for small investments to amount Of one
share for every member of any mans fami
lY, independent of the annual dividends of
from . to 40 per cent
Our District is land of into ten counties,
Of which three are in Tennessee to-wit:
Hardin, Hardeman, and 3lcNairy, with
Corinth as a common centre for
the present, but looking to one of equal
magnitude in each cf these several counties
by a re-investment Of dividends of the
100000 capital annually as it may accu-
muiate, and the increase of the cooperative
stock in those counties, which can be done
easily after the success Of one has been
fully demonstrated.
Our plan contemplates the interest of
every locality that is pleased by It's public
spirit to co operate with us in this wise.
Suppose, for instance, that Bolivar and
the surrounding country should be pleased
to take 100 shares Of 500 each, one man
allowed to take as much as ten shares of
~ Il j
80 per cent which is moderate estimate,
it would throw into circulation around your
town So 900, annually, In addition to what
you now have, and then the certificates OF
stock being III form of 500 bills and always
above par, in a successful Factory, are a
basis of circulating medium In your locality
superior to greenbacks or United States
bonds to amount of $4,000.
Then, you perceive, my dear sir, that in
this cooperative plan every locality is bene-
fitted that participates in projecting the en-
terprise, and that capital and dividend to
which | have alluded is retained in your
midst in aiding the developments of our
common country, instead of going to Lowell,
| Mass, or to Manchester, in England
| 1t will he seen by accompanying docu-
ments which l send you that large capitals
| always yield a better dividend than small
ones for obvious reasons.
! Our brick are burned timber and stone
! secured and machinery being inspected for
the purpose Of spinning the crop Of next
year. Our shan eholders have two crops to
pay their installments in, which they can
pay monthly or quarterly as may best suit
their convenience. Thirty three shares
in one locality gives them an honorary
! Director, who viii be the medium Of def
mite information to them, as he will be q
| Cf l., o7
rangements. under the special management
Of Col f. E. Whitfield, Sr., Of Corinth
Calvin A Taylor, of Rensi, and r. w
Price, of Iuka, these gentleman have
abilities as fnanciers and are of most IN
doubted business integrity.
Hoping soon to address your citizens II
person on this nteresting subject, remain
Yours, Respectfully,
Il, p SAWYERs, Gen'l Mngr.