New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-08-31

ment. It is well located, and occupies an
entire square Of ground.
The Louisiana Cotton Mill is owned bv a
Joint stock company, under board of direc-
tors, Of which Mr. j. G. Denis is president
i is a model mandatory in every particr-
ar, but is on too limited a scale to be profit
able. It's fabrics and other products are
uneHcellcd, and have won high praise from
some OF the most successful millers in GeOr-
ga. The superintendent, Mr.. Meigs, is per
ieCt master Of his duties; in fact, an expert
N everything connected with cotton manu-
featuring or machinery, but labOring under
the disadvantages Of a limited capital, the
mills have stopped for the moment for the
purpose Of charging them, and with this
view books have been opened for an i'll
crease OF capital, with the very attractive
feature to new shareholders of allowing
them u per cent per anuum ont Of the
profits, and all additional profits to be
equally divided between them and the ola
shareholders. Its machinery was made by
one Of the leading manufacturers of Man
chester. and iTas all the latt-r improvements
approved in Lancashire. Daring the nine
months and half IL has been running
since last September, il has worked up $50
bales OF cotton, weighing IA. tI6 lbs, and
bought at an average cost Of 1913 T. ID;
and has turned ont 4O7 bales aggrcgating
iUl 300 wards Of "A brown shcetings ON
au average i has consumed $50 lbs daily.
We doubt if there be in any Northern State
q factory capable of being more remunera-
tive to It's shareholders, provided that il
obtains the 100000 additional capital
called for. The buildings are all of brick.
and elegant as well as substantial and are
beautifully situated in the Third District.
fronting the river on site covering several
squares Of ground.
Messra. Lehman, Abraham & Co.. in adj
dition to owning the Lane mill. are agents
for several others in which they have an
interest, viz: First-The Eagle and Phoenix
Manufacturing Company, Columbus. GeOr-
g!a, Y. }. Bussey president, g. Gunby J0r-
dan secretary and treasurer. This com
pany employs us hands runs G33 looms and
20 l5G spiudles, of which 1926 cotton and
2J20 wool. It consumes 1900 bales Of cot
ton annually, and makes sheeting, shrting
OsnaDUrgs, rope, Irvine, thread, plaids
stripes ticks, twilS, jeans, blankets and
yarns. SccOHd-The Tallaasee Manufac-
turing Company No. l Of Tallassee, Ala
bama, b. H. MicOu president. This com
pauY runs $40 looms and $500 spindles.
and consumes 1000 bales of cotton annually.
Il makes sheeting, shifting, osnaburgs,
Jeans and rope. Third-The Baton Rouge
factory, of Baton Rouge, Louisiana propri-
etOrs James Il Bynurn. This factory is
running 200 looms and 500 spindles, and
consumes 1920 bales of eJttOn annually. It
makes sheeting, shifting and osnaburgs.
In this brief notice Of these manutactO-
Tios-thOse in our own city and State, as
well as those in Alabama and Georgia, in
which citizens Of New Orleans hold a con
siderable interest, and are agents for the
sale of their products in the market-we
can not omit further reference 10 the
Iallassee Company of Alabama. 1t has
been highly successful, bUt its directors
desire to increase its capital, with tine
view of enlarging its business and
making railroad connection with the
mills. Its present capital is 100000, which
it proposes to increase to 81, 600. At Il
Shareholders meeting last February the
directors reported a net profit Of SS5, 83l o..
part of which was divided in certificates Of
new stock, and part applied to the machine
rv account. The total production of goods
and yarn for the year 1871 was in weight
1907, O9j lbs, yielding a net profit Of &c +,
ID. The report figures Out, giving all the
details, future profit OF y T. cent on the
capital stock The following is applicable
TO our own manufactures a. well as those
Of Alabama and Georgia: " The manutac-
ture Of raw cotton into yarn for export
must become an immense trade at the
South. This can not be done protitabIy at
the North ard East, because the expense
of removing the cotton from the cotton
fields of the South to the cotton mills OF
the North and East is a. great a to remove
the same to England, and the price of labor
and the system of Manufacture adODted in
the North and East, as wei as the climate,
is uusuited to the production of perfect
yarn. But at the South We have all the
advantages Of cheap labor, cheap cotton
superior climate, and every other advau-
tage to enable us TO produce the most per
feet yarns And if we adopt the English
system, and separate the spinning entirely
from the weaving business, we shall he the
most independent people in the world
From careful examinations made by us at
IallHssee and comparisons with Manches-
ter. We do not hesitate TO say that we can
now produce at our mills at TalIassce warn
and ship the same to Manchester, and sell
r in that market at profit, when the Man
chester spinner will not realize cost for his
yarns. The same amount of capital now
invested in the Southern States in the pro
iUCtlOn of raw cotton, If invested in ma
.hInery Tor spinning would produce value |
more than double that cf the raw cotton"
We have made the extract on account of |
IS highly suggestive statements, and in the |
lope OF directing public attention to the !
manufactures already established in our |
ity and vicinity They are nOmcre expert |
nent With them the Time for trial is over |
md has resulted in demonstrating their
and pr0ftab.eUess. All that
hey now require Is additions to their cant
alt make them highly remunerative.
The details which We give below show
hat there has been an increase in the re-
elpts Of bacon, corn meal corn in sacks
met nUIk, cotton seed. eggs, bulk meat,
rde-, hay, lard, lime, white lead, oats, oil
dhr, boxed meat, shot. slaves barvc.cJ
agar, moss tobacco. vinegar and wool:
Ei "a decrease in LagEing. rope, beans.
" f8Hr q