Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1873-04-03


Total. l,7aaalba Average, 90 4a-io". .sa'asS7 :;
We commenced the year without an,
commercial capital, and for the want OF il
we had out our paper in New York, a,
one time last fall, for $4,000. On tht
18th Of August, wc'had accumulated ovel
1000 bal,,, Of goods They were solo
without profit in money, but procured u'
GOOD customers Since the 10th OF Octo-
be, last there has been 70 day but whai
re have had more orders on hand. thar
ss5ds. W, have sold as much as sixweek,
Sheal. ard to day ii will take US full,
three weeks to manufacture the goods I,
complete our safes. | reduced our bill
psvsble IRON $4,000 to $4,000 within
the past six months. and have purchased.
all the cotton required, beside, from pro
ceeds OF sales OF goods. Last week, there
beinr sudden breakdown in cotton, !
stocked up some and have increased there
,v our discount $4,000. We have OF
hand to dsy 50l bSaes cotton, at an aver,
AGE cost of lis 100 cents per b. From
:,ctual date have given YOU the out tnrl
Of 1872. For the first quarter OF leit
have made q careful estimate, and sta1'
without t.oabt that we shall pay the IN
ter,st on money borrowed, and make ii
the three months not less than six pei
cent. o., our capital We have laborec
nnler disadvantages for the want OF d
WORKING cash capital. Hence, do not
recommend any dividend but II no un
,areseen misfortune ovcrtakes us. thint
We can eolanlence quarterly dividend IL
July Of . per cent, and continue at tha'
untll we realize colnmerclil capital adc-
quatc ior cur requirements.
Duing ;he wear there haze been erecteo
in our village Is houses, Of all KINGS. Oui
jnkabltants lave increased, ANA the popu
i,.ion !, COX abpn, 500 y free schoo,
has beel. established, and the average at
tendance Is abou, 81.
Our water power, owing to loss Of dam
has been expensive. We now lave abou.
IS feet aead. and from close observation.
81 believe it strongssnda apprehend no dan
ger Of lis giving way. am also satishet.
that. by putting in strictly first clas'
wheels, wc nave ample power to drive IA
much rlorr machinery as We now have
have already ordered - new lo.als, :
oi wlica have arrived and now IN opera
tiin.
by avaIin: ourselves OF all the powel
we nave. aa,l doubling our machinery
we can or-rate relatively at less cos: o
production than now.
| would therefore recommend that voJ
authorize the Directors to increase Gu
cspitsi stock, when they deem 1t exped,
en;. to such An amount as vii. be necessa
rv 10 esau... Us 10 Use all the power We
have. ara that when said increased capi
Il. il called for, notice shall be given in d
least ore paper published in Augusta ano
one in Charleston. and that the stockhol-
,lcis shall nave the priv. - ior th:rt,
daya after first publication. OF bscrlbin;
for said increased stock pro rata, and j
not taken By them, theu TO be assigned f
such subscribers as arc not stockholders
or disposed Of as the Directors MAJ dcen
best providng tir Legislature will CIV
III ali eyempt;"u from taX?tlon for { tern
of wears, as offered b. the neghhorine
State OF Georgia
The working o: the mill has been vcr,
satisfactory, and 1T affords me plea ure t
state tlat under tie supervision OF our at
tentiye anl efficient Superintendent, NJ
n. +. Foster, the production Of the mii
has beea steadily increased The EN-
plovees ni the company have each, il
iheir respective position, contributed q
whatever success has been accomplished