The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1872-05-08

time Of 81. .900.05, which is rcarly a, the
rate Of 20 per cert per annum on the
capital. Now suppose mil is put in
operation in this town, of the same ca
pacity, which v i'll consume 1900 to 1906
bales cotton per annUn, and pays its
stockholders 20 per cent. iiviLcnd, and
puts 10 surplus Innl ) to 10 pc: ccnt,
what better investment eau those who
have money want. Anl then tie great
advantages that will follow TO Guf town
and connty, chief among which Is that
it will utilize and give employment TO Il
large class Of cur population that arc
ncw wholly dependent upon the labor oi
others for support. Ard wc feel CON
fidcnt thal if it can be shown 70 oH: pco-
pie that cotton manufacturing can be
made profitable here, there is capital in
abundance - iEauguIatc the cn,crp! isc.
And further sc will see from this cx-
tract that Columbus, Ga, will nau,iIac--
ture this yes: 5000 bales cotton, which
fully demonstrates that the South can
manufacture its own cotton 10 great adj
vantage.
Now without claiming too mEch for our
people, we ,hirk it safe 10 assulnr that
VIC have as much ability, energy and en-
terpli$e as any other Southern town,and
although we have political difficulties to
| overcome that some other SJuihcrn
States have not, still we must not fold
our hands and do nothing, when We can,
if We will try, accomplish great deal,
ard in our humble Judgment this is the
wiscst ard quickest way 10 restore peace
and quiet AMI prosperity to our afflicted
country. As 10 the capital necessary,
We feel conrinccd that it is in The country,
and I'll that our people want is to have
confidence il the enterprise and those
who will likely have the management Of
its affairs, 10 bring it out. A year ago,
when the subject Of National Bank was
agitated, many ). lirvci it would he i'm.
possible to get up $50, 900 capital. What
is the result cf the effort? We have TO-
day Bank with $l55, 900 cal,it"l, actu-
ally paid in, and in Successful opera ton,
$4,000 Of the amount owned by the
citizens Of thc Town and County, the
balance, 81, 600, in Charleston and Co.
lumbia. These Inter cities would have
taken moro if they had been allowed. Is
there any good reason why Tc may rot
draw capital from clsew here 90 manuiac.
tu:c 5000 bales cotton in this tcwn, when
it is fully demonstrated that it can be
done prolitably.
We must wake up 20 the Importance
Of these thing>, aai inauguratc nrw en-.
terpriscs that will utilize the labor
anG capital that is now in great
measure Idle. Very lcw have an
idea cf the enterprise nov under way
by few nf our energetic citizens, in the
way Of tanning and manufacturing lealh-
er We refer 20 McsSrs Webb, Jones K
Parker, who have in"crtctl 4 large sum
Of money in the Tanning, and Saddle and
Harness business, and ;hey contemplate
at no distant day to add !hc Manufacture
Of shoes to it. THIS shows commcnda-
bic Sriri, Of enterprise, and should be
encouraged by our people. We mus,
not yield to tho dif!i:uilIcs that sur
round U.s. We can and viii ovcrc"u:e
them in ti'rc just uaw LET the i!lc and
vicious attend to politics, and let US 20
TO work TO develop :hc resources Of our
country, which are er, at and far beyond
what the most sanguine Of or people
believe
PROFITS AID CONSUMPTION or COTTON MAN.
rfACTl RING tN the SOUTH.
Too much cannot nc snil in relation
to the lmpoTta:lcc Of establishing cotton
manufactures throughout the South.
and if we speak often upon !hiS vital
question, it is because wc see and feel
the great importance in this movement
US bearing directly upon the general
prosperity Of the Southern States. The
old adage that "!isnrrs will not Iie," is
forc!blc arSumrn, in this case, which VIC
proceed to take advantage Of.
We have before us the superintendent
report Of factrry in Georgia, which
shows its operation for twenty five work.
ing days: 5000 spindlcs are employed,
aud the capital invested about Sl36, 900.
EXPENSES Of TIE HiI.L
For labor in cardinS.roo:n anh pick.
ing-rooin. ............... $jIS.45
For labor in spinning mulc,room .G77.39
For labor in aving.room. ....... ,nG3"5
For labor in drc>sin.-Ioor . ...ll2jO
For labor in clolh-room. ......... $500
For lnllor in cnginr.rno -. .l'5.DO
For labor i'll machine shop and repaira COCO
For watchulan. II 30
For PcrIntcmGant. ................lG6 30 CT
For agents salary. ............2p 2po"
al for labor. ....... -. 81. lG7 .GS
Cotton consumed, 4",43j pounds,
al ~ cents per pound. ...... .G, lTg3I
OIL, j5 gallons. .gi 40
Starch and ilnu:, 7Gi pounds. .Ii.1D