The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1871-11-02
PUBLIC MEETING. .
0 49,. ANDERSON @. H, Oct 2l, 1871.

citizens of the town OF Anderson assemDleu III
tffe Court House this evening, when, on motion
ofB.F F. Whitner, Esq, the Hon. j. Scott Muir
faS. fntendant, was called to the Chair, and
VIM. Lee requested to act as Secretary.
Nh. Murray, on taking the chair, explained
that the meeting had been called for the pur-
pesa Of taking into consideration the impor-
tance andipractieability of establishing a large
cotton rnaahnufactory in the town of Anderson,
and and a announced the meeting as organized and
seedy for business.
I'm response to call made upon him, j. P.
Reed, Esq, then submitted for the considera-
tlon of the meeting the following paper, COR
hfnissg the CONCLUSIONS and suggestions" of
certain citizens, which he accompanied by an
sxpihalnsaticn of the information upon which the
said citizens had acted, and remarks illustra-
tgeuR the entire practicability and very great
iaRpoftance, to the people of the town and coun-
Nos Ahdersm, of the proposed enterprise:
CONCLUSIONS AND SUGGESTIONS. I
sTkesfolloWing named persons, citizens Of the
town Of Anderson, to w.t. Messrs. J. z: Reed,
NJ SaaSharrpe, N. K. Sullivan, John B. Watson,
JohSR. Cochran, James A. Hoyt, I. A. Evins,
StepKen McCully, J. Scott Murray, John B.,
Mo6oge and B. F. Whitner, assembled, upon in7
Vstafion, at the Office Of Messrs. Reed d Browns
o. ths,evening Of Thursday, the 10Th Of Octo-,
b@, x. D. 1871, TO consult as to, the prsctica-,
biIity and Importance of procuring charter,
raisine. the capital, and organizing q company
tosestablish large cotton mandatory to be
,fsepslled by steamsa as 8 motive power, and 10
Gated on the railroad within the corporate linn
it9ofcthe town of Anderson: -s',.,> :, :
STbe principal points TO which the consulta-
timWas directed were thesei T. rb,,'.
sdst The importance and value OF such an en-.
tarpsise to the people Of the town and county Oh
kpderson, directly in a pecunlary point OF view;
srd eindirectly by developing their resources,
stimnlating their productive industry and en-
terpsise, and adding. generally to their popula-
tionaprospeyity and wealth; and End, the COM
parative advantage and economy OF water and
steam as motive powers for- r-propeillng machln-
erT. and particularly cotton: manufactures.
eAfter a very full interchange OF views; and
the consideration of mass of practical intor-
nation that had been procured and submitted
topthen In relation to the advantages and dis
advantages of the use of steam as q motive
: p0ywSerAEthe following conclusions and sugges-
tiofffs were unanimously concurred In, to wit:
,q!1That' cotton mandatory on large
scale, for the spinning of yarns and weaving OF
cloths such as are manufactured at Granlteyllie,
located in the town, and therefore about the
centre of the square and compact county of
,EHdSfsoa, would be directly and indirectly a
matter of the highest pecuniary Importance to
the entire population-dTectty as a safe and
profitable investment of their surplus funds
and "a means, by converting the raw materiaf at
6arid into manufactured goods, OF very nearly
ffonbling the annual value of their cotton crops;
and indirectly, by giving profitable employment
te q large number of INDECENT persons, by in
creasing their4population. stimulating their in
dustry and enterprise, and consequently adding
.toahs prosperity and wealth of the count country
2. That it is entirely practicable that steam
should be employed as motive power tor pro-
peHing the machinery used in the manufacture
of cotton goods That such power, located
where railroad transportation can be had from
the door, can beused more economically ana
pro6tahly than the best water power situated
tenDr D. dozen miles from line OF railway,
and dependent, intermediately, on wagon trans
.noytation.i That in New England steam is
fataely used side by side, and in competition
VIII water power for propelling all hnes OF
machinery. and that such is the case in many Of
the towns and villages throughout the Southern
and Western States. 1t is not, therefore. q
new or experimental matter that we are con-
sidering, But one so wen established that it is
conAde1tay believed the proposed manufactery
atsAnderson cannot fail to pay handsome divl!
Sends on the capital invested, aside from the
very great advantages it will be, indirectly, to
every interest of the country.
chat immediate measures be taken to interest
the people of the town and county of Anderson
in an effort to raise capital of 100000 to
Se00000, to be vested in q joint stock company
under q charter to be obtained for thatpurpose,
and applied primarily to the erection of cot
ts5r, msnufactory to be propelled by steam as 2
motive power, located in the town of Anderson,
and, Known as The Peoples Manufactnring
-Tkat,a committee be 8pointed to prepare
and secure charter for the proposed company,
with the usual powers and privileges, and that
lists for subscriptions to the capital stock of the
company be at once prepared, and placed IN
the hands of suitable persons as Commission
ers. throughout the county, with request that
aQersistent effort be inaugurated to raise the
requisite capital stock. That subscriptions, un-
I'll tie company is organized, be made payable
t6O. n. P. FAINT, w. S. Sharpe and N. K. Sui
liyan as Trustees for the proposed corporation.
That the capital stock of the company be dlvl-
ded into shares of S25 each, and the money
made payable 20 per cent on the organization
Of the company and 20 per, cent. at the end of
every 50 dayz thereafter until all is paid in.
That subscription lists be returned to the Trus-
tees at Anderson within 80 days from the date
of,their delivery, and that the said Trustees, if
itappear that the sum of SIS, 600 has been sub,
scribed to the capital stock, call meeting. OF
the subscribers, who shall proceed to organize,
tbe company by the election of President and
five Directors; at said election and all other
elections, each share to be entitled to one vote.
But if 900 shall not then have been raised,
subscription lists to be retained and kept in
circulation until it is raised.
That these proceedings be submitted to the
people of the town of Anderson III pubic
2lst inst, for their approval and ratification /;