Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-02-08

a NOhA1EhN Dldl " ~ AdbGAg ca
amined the Augusta cotton factory,
has given an interesting account of it
through the Atlanta Nel0 Era. The
Cotton Mills Company" was first
organized in 1880, failed in 1858, and
vas bought by its present owners
about that time for SAC, 600. 1t was
again put in operation in 1859. The
water power comes from the Savan-
nah river. The employees are re-
markably well provided for, and all
white native Ge0rgians. AS interest
ing here, where also we may hope
soon to see developed manufacturing
enterprise, we take the following ex-
tract from the gentleman's account Of
his observations:
On looking through the various de-
parlments of the mills, we were
struck with the extraordinary intelli-
| gence and general appearance of the
employees, 50 different from the
mixed appearance Of the laboring
classes usually found in manufacturing
E1AaADAA-AAAAAEAAA5 III Ll4C +HbANA W Z
| made this remark TO Mr.. Coggin, who
accompanied US through the invesri-
CATION of the mills, and he replied
that he had never seen so many intel
ligent and reliable employees in any
similar establishment, and with evil
dent pride, remarked: "Au these
are n~ative-bOrn G~e0rgians."
The present company, organized
with a capitol Of sos, 900, which has
been increased since, out of the earn
ings OF the company, to $500, 900, and
although the war followed close upon
its beginning, by the skill and energy
Of its management the whole amount
| Of purchase money, $4,000, as before
! stated, was paid OF out of the net earn
ings in the first two years of business.
The whole capacity of these mills,
as now running, comprises $1,000
spindles, sos looms, consuming 1870
bales Of cotton per week, and the an
| nual product, on the average, is 524
! yards of fabric to each loom per day
say $4,000 yards per day, and over
! 5000, 900 yards per annum, including
sheetings, shirtingS aud drillings.
All this is produced by the average
number of five hundred employees
more probably, than Is produced by
che same amount of employees and
machinery in any establishment in
the country.
1t VIII surprise some Of our North
ern manufacturers TO know that these
mills are not surpassed in the economy
and perfection of working; but never
theless it is true. Every improve
ment and new device in machinery
mas been adopted, and for many in
! genious and useful improvements, the
company are indebted to the indefati
| gable energy and skill of Mr.. COggin.
The picking room is protected Sc
curely from fire by a novel and COM
nonsense arrangement Of perforated
iron pipes, running over the ceiling
and SO connected with the Water-pipes.
that in case Of fire, a perfect shower
ing food OF water Is poured owe ev-
| cry part OF the room.
As q further protection, small hous es
have been erected on the premises at
/ convenient points of access to the main
| building, in which a large coil of hose
is 50 suspended that instantly on an
| alarm being made, it can be stretched
TO its utmost length, and the water
let in from the hydrant, connecting at
every hO5ehOuse on the premises.
The arrangement for flooding every
floor in the main building is equally
complete, and much more elaborate
than we see in many first-class mills.
Gov. Sprague recently visited these
mills and pronounced them equally,
n not more complete and successful
than most Of the best managed mills
10 the country.
Since the close of the war there has
been sdded to these mills $3.50, 900
worth of new machinery, and the
company have paid to the stockhold-
ers regular quarterly dividends of five
Der cent, and in addition, made an
extra dividend out of their surplus
earnings, 10 say nothing Of a large
surplus now remaining in the Treas
ury.
The aggregate net earnings Of these
mills. since the war, has exceeded
$500. OO0, out Of which $4,000 has
been paid 10 the stockholders, so that
now. the stock of the company is
valued at s160 per share, and none for
Id will be refreshing to 'old croak-
ersD North, who have no faith in
Southern enterprise, to read these.
statements, which are given without
apy exsggeration, and are simply
facts. showing what can be done in
this section OF the country, even under