The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1872-11-24
COLUMBIA, s. 6.
Sunday forming. November "a. 1872.
Cotton Map.secture-AnI InsplrIng Ex.
~, ample. 5H's.


!, s There is q subject to which We may
often probably recn.. + is one Of un-
falling interest, aud holds out the pro-
mise Of almost inoalculable advantages.
We refer to cotton manufacturing at the
South. We, have had occasion to show
!. that q real progress has been made in
/; this business within the last three years.
Some offour 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 desirabloness Of
.kis mode Of money investment and it's
numerous incidental attractions and
benefits. are all us plain as daylight, and
need no further elucidation.
! We trust that we are about to enter
spon period of quiet. We shall have
An interval Of release from political agi-
tations for some time to come. So de-
eisive e vote as that just given to General
Grant will settle things for awhile, and
the next session of Congress being for
short term, will afford no great Rsld for
sgitation. The United States Govern
1lent may. by its action during this in
terval, il it so 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 and
industry. This will be our own oppor-
lnnity. too, to do effective work in
he cause OF i'm migration, and 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.
H,wiA be convincing argument in ills
favor, il, 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; how of immigration, confidence
in our future, al .enterprising spirit, and
. highly Industrious and thriving popu-
lation, will oil be made and developed
amongst Us, if we continue. to demon
5 strate tile success OF manufacturing here.
J. It will be glorious thing Tor our cotton
!. producing region to show that it is capa-
ble Of placing, through home manufao-
tnre Of cotton, added to it's production,
a:balanoe 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. The progress indicat-
ed in increasing our home consumption
Of cotton fifty per cent. IL Tires years,
or in showing growth in cotton manu-
featuring three times more rapid South
than ithas been North in that time, is
significant Of still more rapid increase
in the future. The volume will deepen
and widen as it flows.
Lot US derive lesson from the exam
pie of our prosperous aud active sister
city, Augusta, Ga. The stock of the
Augusta Factory is worth 100 per cent.
premium. It is seldom found upon tho
i market, in consequence OF its extraordi-
nary value. It is too good to dispose Of.
The city has just completed an enlarge
ment OF its canal to $50 feet in width and
IA deep, with % feet fall. 1t has now a
large surplus water power unemployed.
Z a memorial has been drawn up and pre-
sented to the City Council, proposing,
for the purpose of encouraging the iu-
restment of capital in mills situated on
this site, that it pass an ordinance giving
q bonus of three per cent. on all capitnl
30 to be nsed, in sums OF $500, 600,
brought from beyond the limits of Au-
gusta and the County Of Richmond.
The Council is now considering tho pro.
position embodied in this memorial. II
passed, it will offer temptations to capi.
tai which can hardly be resisted. The
Graniteville Company, it is said, has De.
termined to build $500,000 mill, aud
with such inducements. may invest in
Augusta. We copy from tho memorial q