The Newberry herald. [volume] (Newberry, S.C.) 1865-1884, 1873-02-26

The importance thar would attach to the
place, il consequence Of the cotton market,
store, mills, village and depot. would soon
make it general place OF resort and trade
by the surrounding population. The con-
sumption Of cotton by the factory would be
about 9 500 bales annually, which, az fifteen
cents per pound, would cost $50, 900, and at
least $50 900 would be paid 10 the operatives
for wages, which would be an income TO the
county around the factory. The product Of
the factory wouli be about 100000 yards
cloth per annum, which, ct present market
prices, would bring 1880 900: the nets profits
upon which would also DC aided 70 the net
income Of the country.
The advantages which the South possesses
over the North for manufacturing inc coarser
fabrics made of cotton are admitted by all
the manufacturers at the North, and are es-
timatcd by them TO amount 10 AZ least ten
per cent. in favor Of the South. This is
especially true o. this particular section, in
consequence CT IT'S peculiar advantages, with
is abundant water power, healthy climate,
cheap living, and consequently cheap labor.
with the raw materia! produced in our midst,
and the existing and projected railroads
furnishing cheap aEti prompt transportation
10 all The great markets, AMI - every section
OF the country.
Small factories cannot return the same
profits upon the capital invested in them rs
larger ones, because their profits arc largely
absorbed in the salaries of skilled laborcrs.
>uperin ntendeuTS and managers, which are not
materially Increased by increasing the quaint
~ Of machinery al!i ;hc producer of the fac.
tory.
Tie following is az approximate estimate
of the results rf such factory as is contem-
plated IL The foregoing. NJ the present
market values OF the raw material and the
goods OF course, ali eStima c. OF this char
acter are romjec;ur"!. but they are not in
excess Of ;he results now being accomplished
by ohcr large factories in the South, that are
farCrably located ana well managed, and the
stock Of all Of Them are now selling in The
market for large premiums over their par
value; aud it is believed that this locality,
for The reasons given above, has advantages
not rpas>ed by any CT them.
The annua! production, expenses and
profits, with gOoI management, should ap-
proximatc tie following:
5000, 900 yards ; >hi:tinsS, a II cents per
yard, $3.50 900; a100 900 pounds, the weight
Of the good>; l12 800 pounds, the weight of
the waste-4 0l2 800 pounds. the weight of
the cotton, 1Sc., sl6l ,2j0; manufacturing
and taxes On goo 900 pounds goods, 7c,
>63 900; freight> OH 900 900 pounds goods TO
New York, q 1c, $4,000; commissions and
expenses in selling $685., 900 worth Of good )
in New York, Il per cent. SIC, ,S00-S273,-
050 Profits from one years operations,
S56,950.
This is 2Ss per cent. on capital of 5000 ,O00.
In this, TO estimate is made for profits 70 be
derived from wheat and corn mills and store,
the profits from which may BE- set aside, TO
meet contingencies that may arise, such as
repairs. SC. And an allowance is also made
for freights and commissions for selling the
whole product in New York, when it is ex.
pectcd ,ha, considerable portion would be
sold direct TO the trade, from the factory,
and save both fieights and commissions.
Another reason why enterprise, OF this
character offers superior inducements 10 in
vest in them is, that our section Of the coun-
Try is in prosperous condition, financially !;
good crops have been made, which have been
sold NJ good prices; the culture OF cotton is
largely on the increase, and capital is aC-
cumulatng. which must naturally seek in
vc<tmen;S somewhere. If invested in enier-
priseS Of This character, the conutrc will be
largely benefited bv it. ! large number Of
operatives will be furnished with lucrative
employment and made producers, their labor
being paid for by consumers e>ewhere. and
the product Of both their labor and the
return upon the capital invested is lcf; with
US, enrich;ng the country 10 that extent, and
adding 10 the general prosperity. In that
way, AMI no other, has New England grown
ric! and powerful, financially, because they
have been producers and we consumers.
We have paid for tter skilled labor, aad
from their course and success We should learn
Il useful lesson.
Persons favorably Impressed with the fore
going enterprise, and who may desire to take
stock in it, can do SO by applying to either of
the undersigned.