The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-11-24
COt4U MBIA, s. G.
Sunday .Mornlng. November "a, 1872.
Cotton Ma ManuFacturc-An Inspiring E1-
IL X. S. ample.

= 4A6fe - B ennjecG 20 Wh1Cn we may
often proftably reour. It is one OF un-
falling interest, aud holds out the pro-
mise of almost incaloulable advantages.
We refer to cotton manufacturing at the
South. We have had ocoasion to show
shat real progress las been made in
this business within the last three years.
Some ofiour Southern communities seem
alive to the rich prospects it offers. Not
SO others. Notably our own city and
vicinity appear to be Indifferent to them.
Yet the profits and the desirabloncss Of
this mode of money investment and it's
numerous incidental attractions and
benefits. are all rs plain as daylight. and
need no further elucidation.
We trust that we are about to enter
spon a period of quiet. We shall have
an interval of release from political agi-
tations for some time to come. SO de-
eis:ve a vote as that just given to General
Grant will settle things for awhile, and
the next session of Congress being for q
short term, will afford no grea. field for
agitation. The United States Govern
ment may, by its notion during this in
terval. if it 90 pleases, do much to re-
store social order and produce harmony
in the South, and to promote the conf
dence of European immigrants in the
stability Of Southern society, law aud
industry. This will be our own oppor-
7 innity: too. TO do effective work in
the cause OF immigration, aud more fully
to ! occupy the field OF manufactures.
The true way to success in this will be
to withdraw our eyes from looking
abroad for help, and earnestly to COM
mence ourselves, and do what we can.
Ewih be convincing argument in lis
favor, If, with our small means. and in
our crippled condition, we succeed in
building up an increasing and inviting
business of this kind. Investments of
capital, flow of immigration, confidence
in our future, al enterprising spirit, aud
a highly Industrious aud thriving popu-
lation. will oil be made and developed
amongst US, if we continue TO demon
5 strate the success of manufacturing here.
It will be glorious thing for our cotton
producing region to show that it is capa-
ble OF placing, through home manufac-
ture of cotton. added to it's production,
balance against European importations
nearly twice as large as the large one
now credited to that source. This is
feasible, and will one day be done. We
shall export cotton yarn as We now do
the raw material. Tho progress indicat-
ed in increasing our home consumption
of cotton fifty per cent. in three years,
or in showing growth in cotton manu-
featuring three times more rapid South
than Il has hean North in that time. is
significant Of still more rapid increase
in the future. The volume will deepen
and widen rs it flows.
Lot US derive lesson from the cxam-
pie of our prosperous and active sister
city, Augusta, Ga. The stock of the
Augusta Factory is worth 100 per cent.
premium. It is seldom found upon the
market, in consequence Of it's extraordi-
nary value. It is too good to dispose OF.
The city has just completed an enlarge
ment Of it's canal to $50 feet in width and
IA deep, with % feet fall. It has now q
large surplus water power unemployed.
+. A memorial has been drawn up and pre-
sented to the City Council, proposing,
for the purpose OF encouraging the in
yestment of capital in mills situated on
this site. that it pass an ordinance giving
q bonus of three per cent. on oil capital
so to be used, in sums of $500, 900,
brought from beyond the limits OF Au-
gusta nnd the County Of Richmond.
The Council is now considering tho pro-
position embodied in this memorial. If
passed, it will offer temptations to capi-
tai which can hardly be resisted. Tho
Graniteville Company, it is said, has de-
termined to build $500, 600 mill, aud
with such inducements, mny invest in
Augusta. We copy from tho mem orial
abatement of the cxnccta1 bonef,t, ~,