The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1873-09-18

the race in the new and, only sure road TO
general wealth and prosperity. We have al
ways expected to follow tho same road. We
have not only all convenieneies for manufac-
turing cotton, but our people should and ought
also to make our great forests source OF
wealth, instead of bringing their axe handles,
wagon spokes and hubs buckets and such like
from abroad. This will be done in time
ReoaUee Couraer.s9 - o7f&oa11s 1slAs7a 1-iA
100 8, ---.zi7a ----ss7e s7.7 -I77T7--Ixg so s&
5Iuo.i. To the People Of the State ;sLis4 ls7.
rAt a, meeting of the citizens Of Columbia,
held August q, 1878, the Messrs. Sprague
proposed to the citizens of Columbia to form
a joint stock company, with capital stock OF
$3.50, ,000-the Columbia Water Power Compa-
ny to contribute all its real and personal prop,
erty, its rights, franchises &C., at the assessed
sum of 1926 900; the citizens Of the State to
contribute in cash the same amount in shares
of Sl00 each. AS soon as reasonable sum IS
raised, the company to be organized, with .Mr.
VIM, Sprague as its President; fifteen per cent.
of the subscribed stock to be paid at the organ
ization of the company, and the balance in
monthly installments of ten per cent The
sum thus raised to be expended in building the
dam across the Congaree, in erecting mill for
$4,000 spindles, and in other Improvements.
Resolutions of approval were passed by the
meeting, and DR.. J.FW. Parker, the Chairman,
appointed committee to canvass the city and
solicit subscriptions. The committee is as
follows viz: T. w. McMaster, j. NJ. Crawford,
w. B. Nash J. T. Sloan, Sr., j. Quisman Mar
shall, G.. A: Darling, Joseph Taylor, r. u.
Sem, VIM. Lowrance, S. B.. Thompson, ID.
LyBrand. 4. qA., .. -. 2l!..i:drs a,, =, -
The sum thus far subscribed amounts to
about $40 900, which the committee hope speed
ily to increase within the limits OF the city.
Being impressed by the immense Importance
of the enterprise, not only to Columbia, but to
the whole State, they respectfully solicit sub
scriptions to this great work from all portions
of the State The committee believe the prop
osition of the Messrs. Sprague offers an advan-
tage to Columbia not enjoyed by any city at
the South. The superior facilities Of factories
for cotton yarns at the South have been fire.
uuently commented on by the press, and illus
trated by the success of those who have ems
gagged in them The special advantages Of the
present project are as follows 4: go;
l. The water power at Columbia is greater
than in any city in the Atlantic States, and
this power can be utilized at comparatively
small expense. s,-gl! l..s., IT,. ,.
2. All the mill sites on the Congaree in prox-
unity of the canal belong TO the Columbia
Water Power Company, which, with other
lands, an: cunt to about ITO acres, in the cor,
porate limits of the city; all, ofEwhich will
greatly advance in value as soon as a factory IS
erected. -.
8. The people of the State, in this enterprise,
will gain the cooperation or the 'Messrs.
Sprague, who are amongst the largest manu- a1i
facturers in the world, which of itself will en-
sure its success.
4. The great want of capital at the South is
the prime cause of the failure of many joint
stock companies which have been started since
the war. In this enterprise, we have, as a basis,
the property of the Columbia Water Power
COMPANY, on which 5000, 900 dias been expend-
ed-a greater sum of money than has been in
vested in any Southern State by any Northern
firm since the war. .,..,.f,- .....
5. The great experience of the Messrs
Sprague in cotton factories augurs a success tor
this project equal to any factory in the South
The mere fact of Governor Sprague acting
as President Of the Company will add to It's
credit. ..,.,.....
uated with Columbia, aroused to the necessity
of enlarging her industrial resources, has con-
tributed S500,O00 to build her canal over
space of seven miles and at this very time,
there is an agent in England, endeavoring to
induce capitalists to invest there. At-Colum-
bia. we have the water power at hand, and can
use it without an extended canal and the
ca ,)ital equal to the amount raised here is Of
fered without our solicitation. 10
The committee cordially appreciate the prof
fer of the Messrs. Sprague, and if it is heartily
endorsed BY the citizens Of the State, they feel
assured that in few years the city of Columbia
will spring forward in the race of prosperity
with other cities of the South. She'is now so
circumvented by railroads that unless an effort
is made to enlarge her resources by factories.
her future prosperity cannot be rapid: The
rise of factories in her midst will be the in
crease OF her population and wealth.
To all who feel a deep interest in the welfare
of our beautiful city and the prosperity of our
Impoverished State, we earnestly appeal. We
invite all who can subscribe even single share
of 500 in the company, to lend us helping
hand. Let!us meet in fraternal kindness the
proposition made by these Northern gentlemen,
and it will do more to create peace, to produce
harmony, comfort and plenty in our land; than
ANYTHING that has been presented since the
war. If we fail in this project, the chances of
starting factories here will probably be post
poned for ten years.
Editors of papers throughout the State, ia
vorable to this enterprise, are requested to ex-
tend this invitation. And those who wish to
obtain further information, may address any
member of the committee at Columbia.
'''0'' F. w. MCMASTER,
Chairman of Committee.