The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-02-19
Proposals for = Cotson Eaotery In
Cr6envIllS.

| ~ 10 pHOpoboO W IoAb6 tu6 necessary
capital stock, and to build and operate .
at water power belonging 20 Mr.. H. p.
Hammett, on Baluda River, eleven miles
below the city of Greenville, and within
! one.half mile of the track Of the Green
viile and Columbia Railroad.
It is proposed to build factory of,
say. 6,600 spindles and 200 looms, and
make it frat class mill, using all tho
modern improvements which experience
has proven to be necessary for the pro.
duotion Of the best quality Of goods at
the least oost of production. The water
power is ample, for not only the pro-
posed factory and mills, but for any en-
largement and extensions that may ever
be desired by the company. 1t is the
experience OF those qualified by expe-
rienco to judge Of such matters, that it
is unsurpassed by any in the world for
efficiency and oheapness of application,
and the buildings erected ut it will be
free from danger Of damage by freshets.
About GOO acres Of laud is connected
with it, controlling the entire privilege
on both sides of the river, and extending
to the track of the railroad. where the
land is favorable for the construction OF
q turnout and depot. which the railroad
company proposes to do rs soon as it is
wanted for the work. 1t is easily ap.
proached from both sides Of the river,
30 that good roads may be nude to and
from it.
The proposed factory, with the ma
ohinery, together with the whent uud
cora mills, operatives and storehouses,
and all necessary appurtenances. is esti-
mated to cost about Sl70.O00; then add
$50. 900 for commercial capital, will make
the capital stock $200.O0 One-half Of
this sum would be called for during the
first year, and the balance afterwards,
because it would be bes' ut to stnrt
more than one-half the -. .riinery ut
first. so rs to organize the labor, &C. and
to add the balance afterwards rs circum-
stances favored it. The company would
be incorporated under the general in
corporation laws of this State, or by IL
special Act of the Legislature, as might
be thought best, and stock issued by it
in shares of SI00 each, SO ns to place it
within the reach Of all to take stock in it.
| The location is as healthy az any part
of the world. There is an abundance of
good material in the surrounding coun-
try for operatives, whose condition would
be materially improved and their oharac-
ters elevated by employment in such a
mill; besides, they would become pro
ducers and valuable members of society
Tie children, too small to work in the
factory, would have educational advan-
tages. and the families church privileges
equal TO those of any of the surrounding
villages. The location is also good one
for u mercantile house; the surrounding
country ia good farming region. settled
by an intelligent and thrifty population.
Nearly, if not quite all, the cotton used
by the factory could be bought direct
from tho producers, delivered at the fao-
tory, and save freights and commissions
in buying and delivering it. The i'm
portanoe that would attach to the place,
i'll consequence of the cotton market,
store, mills. village and depot, would
soon make it general place Of resort
md trade by the surrounding popnla-
the factory would be about $500 bales
pound. would cost $l50,000, and at
least $50, 900 would be paid to the opera
tives for wages, which would be An in
come to the. country around the factory.
The product of tho factory would be
about 3. 600, 900 yards cloth per annum.
which, ut present market prices, would
bring $3.50. 600; the net profits upon
which would also be added to the net
income OF the country.
The advantages which the South pos
sesses over the North for manufacturing
the coarscr fabrics made OF cotton are
admitted by all the manufacturers at the
North, and arc estimated by them to
amount to at least ten per cent. in favor
of the South. This il especially true Of
this particular section, in consequence Of
its peculiar advantages, with us album
dant water power, healthy climate, cheap
living, and consequently cheap labor,
with tho raw material produced in our
midst. and the existing AMI projected
railroads furnishing cheap and prompt
transportation to ull the greut markets,
and to every section Of the country.
Small factories cannot return the same
profits upon the capital invested in them
as larger ones, because their profits arc
largely absorbed in the salaries Of skilled
laborers, superintendents and managers,
which arc not materially increased by in
creasing the quantity of machinery and
the product OF the factory.
The following is Oh approximate esti-
mate of tho results Of such factory as is
| 4