The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1873-02-26
PROPOSALS for a Cotton Factory in
Graenville.

power belonging to Mr.. II. F.
Hammett, on Saluda River, eleven
miles below the city of Greenvllle,
and within one-half mile Of the
Greenville and Columbia Railroad.
It is proposed to build u factory
of, say, $500 spindles and 200
looms, and make it a first class mill,
using all the modern improvements
which experience has proven to be
necessary for the production of the
best quality of goods at the least
cost of production; The water
power is ample, for not only the
proposed factory and mills, but tor
any enlargement and extensions
that may ever be desired by the
company. 1t is the experience OF
those qualified by experience to
Judge of such matters, that it is
unsurpassed by any in the world
for efficiency and cheapness Of ap:
plication, and the buildings erected
at it will be free from danger Of
damage by freshets. About 600
acres of land is connected with it,
controlling the entire privilege on
both sides of the river and extend
ing to the tract of the railroad,
where the land is favorable for the
construction of turnout and de-
pot, which the railroad company
proposes to dc as soon as it is want
ed for the work. 1t is easily ap-
preached from both sides OF the
river, so that good roads may be
made to aud from it.
The proposed factory, with the l!e
machinery, together with the wheat
and corn mills, operatives and
storehouses, and all necessary ap-
purtenances, is estimated to 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 the machinery at first, SO as
to organize the labor, &C., and to
add the balance afterwards, as cir
favored it The CON-
pany would be Incorporated under
the general incorporation laws OF
this State, or by special act OF the
Legislature, as might be thought
best, and stock issued by it in
shares of $lOO each, 50 as to place
it within the reach Of all to take fl Is
stock in it,
The location is as healthy as any
part of the world. There is an
good material in the
country, Temperatures,
whose condition wouldDe material
ly improved and their characters
elevated by employment in such a
mill; besides, they would become
producers and valuable members of
bociety. The children, too small to
work in the factory, would have
educational advantages, and the
families church privileges equal to
those Of any of the surrounding
villages. The location is also a
good one for a mercantile house; !;
the surrounding cnuntry is a good
farming region, settled by an intel
igent and thrifty population. Near
", if not quite all, the cotton used
by the factory could be bought di-
rect from the producers, delivered
at the factory, and save freights and
commissions in. buying and deliv-
ering it. The Importance that
would attach to the place, ip conse-
quence of the cotton market, store,
mills, village and depot, would
soon make it place of general re-
sort and trade by the surrounding
population. The consumption OF
cotton by the factory would be
about $500 bales annually, which,
at fifteen cents per pound, would
cost $3.50, 900, and at least $4,000
would be paid to the operatives for
wages, which would be au income
to the country around the factory.
The product of the factory would
be abont 5000, 900 yards cloth per
annum, which, at present market
prices, would bring s330,O00; the
net profits upon which would also
be added to the net income of the
country. 49,
The advantages which the South
possesses over the NORTH for manu-
featuring the coaser fabrics made
of cotton are admitted by all the
manufacturers at the North, and are
estimated by them to amount to at
least ten per cent. in favor of the
South. This is especially true of
this particular section, in conse-
quence Of its peculiar advantages,
with an abundant water power,
healthy climate, cheap living, and
consequently cheap labor, with the
raw material produced in our
midst, and the existing and projec-
tsd railroads furnishing cheap and
prompt transportation to all the
great markets, and to every section
of the country.
Small factories cannot return the
same nrofts nnop tho nan;tal in