The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1873-09-25
HIGH SHOALS FACTORY.
Speech of Maj. Thomas B. Lee, delivered at
High Shoals, September 6, 1873.

who WELD much influence in your commune
ty and County at large, and, also, because 1
earnestly desire to see the movement about to
be commenced pressed rapidly to successful
completion, I am here to-day; appearing be-
fore you as n citizen of Anderson County,
heartily desiring her advancement in wealth
and material prosperity: ask your attention
for few minutes while undertake to explain
the purpose in view, in all its details y
This IS no meeting for arousing your atSen-
tion to the vast Importance of placing your
town on the great tboroughfare from the
Northern Lakes to the South Atlantic Sea-
board. Excuse me, you halfway Augusta
partisans, for saying South Atlantic Seaboard,
instead of from the great Lakes to Augusta,
Ga. believe, that once you pass yon noun
tain barrier with a railroad, through your
County, direct to the coast, that there will
arise at your Court House an equal, if not
greater, than Augusta. Capitalists will see
your advantages, aud Anderson must become
large distributing point.
To contribute employment to this great pro-
posed road, give employment to many OF our
people, induce others to come and settle
amongst us, offer remuneration even for your
money, afford q market close to yeur GIN
houses for all your cotton, the means by which
large amounts of money will be annually dis
bursed in your County, we offer our plans, the
first, or initiation of series, which must inev-
itably follow the success of this, and certainly
bring the benefits have enumerated.
We now present to you the project of
cotton manufacturing establishment, propelled
by this water power-the High Shoals of
Rocky River. We require. to inaugurate our
enterprise, the sum of 100000; with this we
propose to go to work. This amount will pur-
chase the water power, erect the necessary
buildings, purchase the machinery, repair the
corn and wheat mills, furnish sufficient opera
tive capital for the purchase of cotton, sup
plies and store. The cotton mill will run
1000 spindles, and about seventy looms, should
It be thought best to weave the yarns into
cloth. In making an estimate of the amount
of work that may be done by these spindles, 1t
will be fair to assume that each spindle will
average six hanks per day, making No. 10
warn, working 300 days, will give an out-turn
of $50 pounds per spindle per year-S6O, 900
pounds Of yarn for 1000 spindles. To make
this amount of yarn will require 100000
pounds of cotton plus the wastage, which is
usually 12 pounds I've think we can reduce it
to 1OS.) Adding this waste 43, 200 pounds
gives US 100000 pounds of cotton, bagging,
ties, de-, to provide 800 bales @ $50 pounds
per bale "a l5c per pound $50 ,4So. By keep
ing two months supply on hand, to prevent
forced sales of yarn or cloth in depressed
market and other contingencies, unfavorable
for making sales, will require about sle,ooo
operative capital. To manufacture this yarn
will cost 93c per pound, delivered in New YORK
or Philadelphia. The waste is not thrown
away, but is utilized for many purposes. IL
has an average value of Sc per pound. The
value. of the yarn is ccnjectural, but may be
safelv estimated at &c per pound in New
York. Estimating on these data, which can
be realized, we have
Making $50 ,00Olbs yarn O. eac elb. 23,4oo 90
s.,s Expenses. :. $50, $50 90
36O,OOOlbs yarn (0 26c Tlb S99, 900 90
432,000lbs waste a. &c S9lb 2,l6O 90
Total value of out-turn. ,76O 00
Total profits. ts........"......-Sll,S ,SoO w
Value of investment $780, 600.
Profits, 10 $40 &c.
Nearly 20 per cent. What better investment
do YOU desire? Are your banks any better :?
Are private'loans on any better terms? You
who have your hundreds and thousands OF dol
lars lying idle in some snug corner, or paying
YOU only 6, 7, s, 10, or 12 per cent. per annum,
why not come forward and materially aid this
landable enterprise2 We ask it not On the
scorce of charity. We ask it not that you
come forward and put up s10o or $1,000, as
you would give to the stock of some railroad,
which will never pay you back; but which is
given that prosperity to your country may ac-
crue from the possession of the road. We ask
YOU to subscribe to the capital stock OF this
Company because it will be profitable invest
ment enabling you, men of small means, to
sun,,ort YOUR families, and you of much wealth,
an ,sasy and safe means of increasing that
wealth.
While we regard this as strictly business
enterprise, to be conducted on business prlncl-
nIes and to make money, honestly and fairly
for the shareholders, yet we cannot lose s'gn'
of the great influence for good and genera'
profit that a successful manufacturing estao'
lishment exerts in community. There Will
he established here community of two hun
dred souls, consisting of operatives, their faml'
lies and others, which will, with proper regula'
tiors be orderly and a good acquisition to your
nonulation. Many thousands of dollars will