The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1873-02-19
MANUFACTURING IN THE STATE.

MANUFACTURING IN THE STATE.
Proposals for q Cotton Factory In
Greenville.
ills proposed to raise the necessary capital
| stock, and TO build and operate cotton fac
| tory, and wseat and corn mills. at water
power belonging to Mr.. H. P. Hammett, on
Saluda river, eleven miles below the city OF
| Greenville, and withlu one-halt mile OF the
track of the Gteenvlle and Columbia railroad.
tits proposed to build factory of, say $500
spindles and 200 looms, and make 1t a first.
class mill, using al! the modern improvements
which experience has proven to be necessary
for the production ofthe best qnality OF goods
at the least cost Of production. The water
power is ample, for not only The proposed
factory and mills, but for any enlargement
and extensions that may ever be desired oy
the company. II Is the opinion oil those quail
fed by experience to Judge of such matters,
that 1t is unsurpassed by any In The world LOT
efficiency and cheapness OF application, ana
the buildings erected al 1t Will be free from
danger of damage by treshets. About Blk
hundred acres OF land are connected win II,
controlling The entire privilege on both sides
of the river, and extending TO the track OF the
railroad, where The land is favorable tor The
construction OF turnout and depot, which
the railroad company proposes to do as soon
as II is wanted Tor the work. 1t Is easily ap-
preached from both sides of the river, so that
good roads may be made TO and from 1t.
The proposed factory, with the machinery.
together with the wheat and corn mills, oPe-
rati"es' ani storehousea, and all necessary
appurtenances, Is estimated to cost about
$i70, 900; then add 100000 for commercial
capital, will make the capital stock 5000, 900.
One.half OF this sum would be called. Tor
during the first year, and the balance after.
wardI, because 1t would be best not TO start
more Than one-l'alf the machinery at 6rst, 30
as to organize the labor. &C., and to add the
balance afterwards, "a circumstances favored
1t. The company would be Incorporated under
the general Incorporation laws OF The State,
or by q special act of the Legislature, as
might be thought best, and stock Issued by II
in shares OF one hundred dollars each. 30 as
to Jlace 1t within the reach OF all 10 lake
stock IN 1t.
The location is as healthy as any part OF the
world. There Is an abundance OF good MALE
rial in the surrounding country Tor operatives,
whose condition would BIZ materially In
proved and their characters elevated by EN-
ployment in such mill; besides they would
become producers aud valuable members OF
society. The children, too small to work IN
the factory, would have educational adVan-
tages, and the families church privileges equal
The location Is also good one for mercan-
tile house; the surrounding country Is good
farming region. eeltled by an Intelligent and
and thrifty population. Nearly II not qnite all
the cotton used by the factory could be bought
direct from the producers, delivered at the
fsctory, and save freight and commissions 10
buying and delivering IL. The Importance
hat wonld attach to The place In consequence
of the cotton market, store, mills, village and
depot, would soon make 1t q general place OF
resort and trade by the surrounding popula-
ton. The consumption OF cotton by the fac
tory would be about twenty-five hundred
bales annually, which, at fifteen cents ner
pound, would cost Sl6O, 600, and at least sso,-
600 would be paid 10 the operatives Tor wages,
which would be an income to the country
around The factory. The product OF the fac
tory would be about three millions yards OF
cloth per annum, which, at The present mar
ket pricee, would bring $3.50, 900; The net prot
It's upon which would also be added to The
net income of the country.
The advantages which the South possesses
over the North for manufacturing the coarser
labrlcs made OF cotton Is admitted by all !he
of the North, aud 10 estimated
by them to amount 10 at least ten per cent. IN
favor of The South. This is especially true oil
this particular section, In consequence OF lts
peculiar advantages, with Its abundant wafer
power, healthy climate, ehsaD living, and
consequently cheap labor, WIN rne raw mate
rial produced in our midst, and the existing
and projected railroads furnishing cheap ana
prompt transportation to all the great markets,
and TO every section of the country.
Small factories cannot return Inc same
profits upon the capital Invested 10 them as
larger ones, because their profits are largely
absorbed III the salaries Of skilled laoorers.
superintendents and managers, which are not
materially increased by increasing the quantl-
ty of machinery and the product Oh The lac
The following is an approximate estimate OF
the results OF such factory as ls contempla-
ted In the foregoing, at The present Earket
values of the raw material and the goods. vi
course all estimates of this character are con-
ieclural, but they are not ln excess OF the re-
sul' now being accomplished by other large
factories in the South that are favoraoly
located and well managed, aud the stock OF
all of them are now selling 10 tne malAeH tol
large premiums over their par value; and 1t Is
believed that this locality, for The reasons
given above, has advantages not surpassed
by any OF them.
The annual production, expenses and pro-
fits, with good management, should approx
mate the following:
5000 900 yards shirtiugs. at II cents per non nm
ward. 4ooV,VVV
100000 pounds, tn weight OF the goods.
ll25oo pounds, The we ght OF the waste.
l,ol2, 500 pounds, the weight OF
the cotton, at lSc. 80. S18l, ESQ
Manufacturing nd
taxes 100000 lbs
goods at 7c........... $500
Fleighls on 9JO,00U lbs
goods 10 New York,
at atlc.............. 1000
Commissions and eX-
penEes IN selling $780,
900 worth of goods In
New York, at per
CENT. lseoo--Zio,ooo
Profits from one years. opera.
lions. .......S oo,sou
This is 2s3 per cent. on capital of $500, ,O0o.
In this no estimate Is made for profits 10 De
derived from wheat and corn mis and store,
the profits from which may be Get aside TO
meet contingencies that may arise, SUCH as re-
pairs, &c. And an allowance is also made Tor
freights and commissions for selling the whole
product In New York, when 1t Is expected
that a considerable portion would be sold d.
rect to the trade from the factory, aud save
both freights and commissions.
Another reason why enterprises OF this
character offers superior Inducements TO ln-
Nf hu