The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1873-02-27
For tss Anasrson. 1ntszz;igsss,nscer..,.
Proposals pg for a Cotton Factory in Greenville

Proposals for Cotton Factory In Greenville.
TT Is proposed I'd raise the necessary capital
stock. and to build and operate q Cotton Fac
tory e and Wheat and. Corn Mills, alta water
power belonging to Mr. Hep. Hammett, OF
Saiuda River, eleven miles below the city Of
Greenville, and within oneshalf mile Of the
track. of the GreenYille and Columbia Railroad.
1T is lIroposed TO build Factory of, say,
$500 spindles and 200 looms, and make it 9 9
frst-cIass mill, using all the modern improve
ments which experience has proyent to be ne
cessary fur the prcductionof the best quality
ofsgooas at the2least cost! The water power is
ample for: not only the proposed factory and
mills, but for any enlargement and extensions
thstms ever be desired by the company: It
is the opinion of thoserqGali6ed by experience
to Judge of such matters, that it is unsurpassed
byany in the world for efficiency and cheap
ness Of applicatison, and the buildings erected
at 1T &iil bs free from danger of damage by
freshets. 80 -,s,.. .s,-4E.;aV 4ese
About si1 hundred acres of landi 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 turnout and depot, which
the RAILROAD Company proposes to do as SOON
as tits wanted for the work. It's easily ap-
preached from both sides of the river, SO that
good roads may be made to and from it. The
proposed factory, with che machinery, together
with the wheat and corn mills, operatives and
store-houses, and all the necessary appnrtes
nances, is estimated 10 cost about $4,000 (;
then add $4,000 for commercial capital, will
make the capital stock 100000. one.half of
this sum would be- called for. during the first
year, and the balance afterwards, because it
would be best not to'start more than one-half
of the. machinery at first 50 as to organize the
labor, Sc, and 10 add the balance afterwards
as circumstances favored it. The company
would bc incorporated under the general incor-
poratiot1 laws Of this State, or by special act
ofathe Legislature, as might be thought best,
aud stock issued BY it ia shares Of one hun. ,
dred dollars each, so as to place it within the
reach, Of oil TO take stock in it, na ~ q.
The location is as. healthy as any part OF the
world. There ,is.antabundance Of good mate
rial in the surrounding ieountry for operatives,
whose condition would be materially improved
andytheir characters elevated by employment
insuch a lnilr;; besides, they, would become
producers and valuable members of society.
The children, too small to work in the factory,
would have edncatienaia advantages, and; the
families church privileges, equal to those OF
any of the surrounding villages. The location
is. also g. good zone for mercantile house. The
surrounding country is d good farming region,
settled BIZ an intelligent and thrifty population.
Nearly, if not quite, all the cotton used by tue
factory could be bought direct from the prodD-
GERS, delivered at the factory, and save freight
and commissions in buying and delivering it.
The Importance that 0odlA attach to the place
in consequence of the cotton market, store,
mills, village and depot, would soon MAKE AZ it q
general place Of resort and trade BY the SAT-
rounding population. z, -. q 49,. -. - F.
The cdnsumptian Of cotton by the factory
would be shout $500 bales annually, which, at
15cents per. pound, would cost $3.50, o,oo9 and az
leasste. $4,000, would be paid to the operatives
fofaa wages which WonM be an income to the
country around the factory. The product of
hefactOry would be about three million yards
Of cloth pey s aansim, which, at the present mar.
ket price, would bring $3.50, 900; the net profits
upon which would also be added to, the net in
come Of The country 2. T. ts',r: = -.
Tba aasa.utsaes which the South possesses
oyei the North for Iuanuib curing the coarser
fabrics made Of cotton, are admitted BY all the
manufacturers Of the North, and is estimated
bysKgm 70 amount 70 at least Ten per cent. in
favor of!tkaS6nsBa eEAis ksespecially erae of
this particalar section, ia consequences OF its
peculiar advantages, with It's abundant water
power, healthy climate, cheap living, and con-
seauently cheap labor; with the raS rnaterial
produced in eur midsti and the existing and
projecting railroads, furnishing cheap and
prompt transportation to all, the great markets
and TO- ssveFy section Of the country. Small
factories cannot return the same profits upon
the capital invested in them as larger ones, be-
cause their profits are largely absorbed in the
salaries Of Skilled laborers, superintendents and
managers, which are not materially increased
byTincreasing the quantity of machinery and
the product of the factory. I..ei,i,. "a g =.
The following is an approximate estimate of
the results of such factory as iseontempated
in the foregoing, at the present market values
of the raw material and the goods. OF course
all estanssteg8S this character are conjectural,
but they are hot id excess OF The results now
being ACCOMPLISHED byr other large factories in
the South that are favorably located and well
managed, aud The stock of all Of them ere nov
selling in the markets for large premiums over
their par value, and it isibelieved that this 10.
cafity, forthe reasons given above, has advan-
taees not surpassed by any Of them. The au-
nual production, expenses and profits, with
good infringement, should approximate the
following: j. 81. =