The Columbia herald. [volume] (Columbia, Tenn.) 1850-1873, 1872-01-19
70 HOW MANUFACTURING PAYSg
.Itussa-a---Js gTsT .uin
What One Cotton EaotOry VIM Do: :
From the Augusta esnstita.ienall..l

1 Ha
From the Asgssta eenstitp.ionalt.l y AZ,
AS an example Of what can be done
at home. We have, only to point X
the great cotton goods mandatory
of our city, NJ institntion Of the
kind in theJc0untry, perhaps has
prospered more than, this since the
war. With the exception OF about
two hundred shares, the capital stock
OF the company smowued entirely In
Augusta, and its, dividends, there
tore, go into the pockets of our own
E'citizens. The. factory employs 1--WE
hundred hands, siw hos oearn, 50n an
average, twenty-five = dollars per
month, resides getting their house
rent free. In the last six wears. be-
ginning July L. 1866, and ending July
l, 1871, one million seventy thousand
three hundred and seventy-two dol
lars and seventy-two cents have been
paid out by this corporations for labor
alone. The suppOsition is that near
ly, If not quite all, of this large sum
has been spent in the city, thus put
ting more money in circulation and
adding to the material prosperity of
Augusta. 1t is computed that there
are two non-wOrkers dependent upon
each laborer, so that the factory real
ly supports about fifteen hundred
persons, a not small portion of the
population of the city. Fifteen thou
sand and forty-eight spindles are now
In the factory, but We. understand it
is probable that if the canal be eplarg-
ed, giving a greater amount of Water
power, that fifteen thousand spindles
will be added, making a total of oyer
thirty thousand. These additional
fifteen thousand spindles will, in that
event, be put a part in one of the pre-
sent buildings and q part in new
building which will be erected for
the purpose. -7''Fti'i" i'Hf 's.ti'ii' -
When two-thirds cotton and one
third labor is required in the manu-
facture Of goods, the South has the
advantage, and this is the case with
all the commoner cotton fabrics. The
cotton is Immediately at hand, with
out having the expense Of heavy
height charges added to the original
cost. The ratio of the finer goods,
however, isthe other way, ,-FequiFing
two-thirds labor and one-third cot
ton in their manufactufe, and the
South, for the present, at any gate.
cannot afford to compete with the
North in that line. The cotton goods
manufactured by the Augusta factory
are in demand in New York, and we
believe sell better than those of the
same grade manufactured by the
Northern factories. They are strOng
and durable, and in their line cannot
be surpassed.
The following is a statement Of the
amounts paid out by the company
during the last six years, beginning
July l, 1865, and ending July 1, 1871,
for labor, taxes, incidental expenses,
repairs and dividends: Labor, ST.
07o, ,372.72; taxes, s257, AIS. .04; expen-
ses Sl53, ,9S1. .92; repairs, $55, SAG. q 4
dividends, S720, 900. OF the taxes,
about $4,000 was on cotton, when
the nefarious law imposing the tax
was. in, operation. The remainder
comprized the ordinary Federal,
State, county and city taxes. EIId
1t will be seen that a larger amount
than the capital stock ,of, the eOm-
pany, which is $500, 900, has been
paid out in six years as dividends to
the stock holders. What similar cor
poratiOn can show better record of
net prOtitSor zoo -Egi % '-0H s7hF7''