The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1871-11-10
OFFICE Roswell MAN. Co., }

UttCtNI tNy SObtpuby
So many of yoSrnasF been Ms,
vented by distance and engagements
from attending our Annual Meeting
that is deemed best to communicate
Vwith you by circular.
Assaying with slender means to
rebuild our utterly desolated prop
critics, and refill them with Machi-
merry, our progress though not rapid
has been steady and encouraging
The torch of war destroyed all. =
But we have to- day at the site of
our upper Factory the following
property:
~ LIST. A stone dam, 80 feet base
= and 80 feet high.
md. A Race from it to Factory
Of same material.
3rd. A mill four stories high, eX-
elusive of basement-with a Tower
reac hing above its roof-all built of
stone ard NEUTRALITY-SUSPICIOUS. 533 by
14l feet. Well protected against
fire by cistern of 5000 gallons of
water in the top Of the Tower; dali
" replenished from the creek.
4th. 4 large two story Picker
house distinct from, but convenient
to, the mill, of same material.
9th A two story Dresser House
81! X 724 feet, of same ma
terial.
9th. A two stored Machine and
Carpenters shop 80 SO feet, OF
same material.
eth. A blacksmith's shop % 81
feet, of same material.
All these houses covered with tin.
Besides these we have handsome
brick office conveniently situated.
A cotton warehouse, two storied,
of same material.
81 Tenements for opel atives; of
which 10 are brick.
Besides our store house, two
storicd high, covered with tin, 30 x
50 feet, and the Barn shed, &C., OF
our mule lot and large three stor-
led Merchant Mill.
Our Picker House, Machine and
Carpenter Shops are we'll filed with
their appropriate machinery and
tools.
Our Factory also is full of new
machinery Of the latest and best
styles, running about 5000 spindles,
except the weaving room. We
have not yet been able to purchas e
looms, and as we sedulou6ly strive
at all times to avoid debt, the pur-
chase has been postponed. This
room can conveniently accommodate
lI6Looms, and at our recent meet
ing, with entire unanimity, we were
instructed to raise the money by
limited sale Of new stock and pur-
chase them, with the necessary
dressers, &c,
The committee appointed in the
Spring to investigate and report up
on the assets, real and personal, OF
our company, made full Report at
our recent meeting, accompanle ed
with an Inventory. This repor; by
three of our most intelligent, prac-
teal and successful business men,
Rfessrs. G. II. Camp, w. h. Gignil-
l;ot and DIR. 7. S. Stewart, is entl-
led to our implicit confidence. BY
II they demonstrate that the stock OF
our COMPANY, the par value of which
y $500 nar sb, are, is worth in bona
tide assets real and personal over
81 900. not includiOg in the esti-
mate thousands of dollars worth OF
stone work, terracing, &c, conven-
lent and useful to Us THIS tact ex-
bibits the solid basis upon which our
company stands
Orr dividends for the fiscal year
closing 30ih September, aggregate
81 Or. ct. on total capital, and but
for the sudden advance OF DC per
Mound of cotton in June, and the
failure of yarns for a protracted pc
riod to advance in sympathy with
she staple, our profits would have
been larger.
With Looms added we shall hope
for an advance upon these figures
Our Improvements, though OF
course, more costly at the time than
less substantial structures, will, we