The Van Buren press., 1873-06-03
Callahan & Co.'S Cotton Hill,

| For some time past an effort has been it
progress at Little Rock to induce the remova
OF the Cotton Factory of Messrs A. NJ. CAL
LAuAH Co. to that city We shall regret i
| for the want Of any assistance, on the part o
our citizens, this Mill shall be closed here
and we trust that it will not be done without
our citizens making an effort to continue tho
! Factory in our town.
! The matter has assumed tangible shape, as
will be seen from a report Of a meeting of the
Chamber of Commerce, which we copy from
the Gazette.
! The following is the report Of the commit
tee appointed by the chamber of commerce
| for the purpose of communicating with Mr.
! A. NJ. Callahan, in regard to the building OF
cotton factory in this city. 1t is an inter-
esting document, well worth pcrusing;
lie requires building about 50Xi25
feet two stories high, fbrick. With power at
tached to run from three thousand to four
thousand spindles. OF this building and
power he wants the free use for three years.
After the expiration of that time lie will
either lease the property or buy it at fair
valuation, or permit the owners TO take stock
in the factory to the amount of the valuation
of the property lie proposes to take $500
stock in the building, and put in at his indi-
vidual expense two thousand spindles, and
add more If necessary in his Judgment.
! 1t is the view of Mr., callahan, in which
your committee fully cooperate, that COM
pany be organized with the purpose to raise
sufficient stock in shares to accomplish this
enterprise
In regard to the building lots, several lib
eral offers have beer made. In the selection.
however, not only the convenience of the To-
cation must be considered, but also the as
surance of having supply Of water the en-
tire year. Mr. Callahan. who visited the
places offered, is ofthc opinion unless place
from five to six acres in the suburbs of the
city, where sufficient water can be found and
suitably located, could be procured, that three
lots in the city anywhere along the Town
branch would be the best site whereon to
erect the factory, In ease the first named To-
cation should be selected, Mr.. Callahan makes
a further suggestion. Independent ofthe fore
going proposition, however, which We sub
nit hereafter
As thi. undertaking is a matter looked to
with interest by great majority of our cti-
zcns not members Of this body, some of thom
are willing and anxious to embrace an op-
portunity to give aid and assistance to such
an enterprise We would recommend that a
citizens meeting be called to accomplish, if
possible an object Of such vital Importance
to our city,
The suggestion by Mr. Callahan above mem
toned is in case suitable tract of land
from five to six acres in the suburbs-should
be selected. 1t would be necessary to erect
tenement houses for the laborers, which
would require about $1,000. II the building
company will put up these houses, Mr.. Gala
han will pay Is per cent. annually on the in
vestment. Respectfully.
CHARLES F. PENZEr,
THOMAS FLETCHER.
Committee.
At n meeting of citizens, held subsequently,
on the matter, the following action was had,
which looks like business:
The meeting was called to order. Mai. W.
-. Blocher took the chair, and j. II. Barton
acted as secretary. Upon taking the chair,
Mai. Blocher explained the object ofthe meet
ing.
The following resolution was adopted;
Resoited, That we accept the proposition
Of Mr. Callahan, and agree to carry out his
designs. and for that purpose committee ct