The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-01-01


run the mill, who. with the familie.
connected with them and the employees
In the various departments connected
with tue busiresss wiiftbrihg tVg6Gusr a
population Of from 500, to 300 parsons,
who will resides per mshsItty in the fac.
tory village. The location Is considered
peculiarly favorable for them and for
the inherent IF the company. It ii
healthy. favJrnblH for cheap living, 10.
mote from Suy large town OF city, and
consequently free from their dsmoraiiz
ing influences upon them; in guOd
farming reYiop. aud surrounded by ap
intel'iH.nt aud thrifty population The
produoiiou Uf the mill will be- abOui
1000 yards Of cloth per day, which
will weigh about 8. 900 pounds, aud with
the waste added. will require about
2.b03 bales Of cotton per anuum Il i.
the thlrd mill III size in tho State-Gra
nitevll,e aDd .ugley ouly being larger
The company ID considering the pro
pri.ty Ut making standar.! shlrtiugs and
sheet,ngs upon Que half Of tho mauhin-
cry, and pIsids upon the other half,
simllur to the Alabama or Augusta
plaids; but as to this, they have not de.
termined. II uot, tue .htire lnilt will
bs run upon standard snirtinea aud
sh.etings. About 100 hands havH bsen
constantly employed upon tho work
during the past snmm r aud fall, 10
building the dam aud its Abutments ts.
saw. grist and planning mills. outing the
cannl or raoewsy. making bricks, quar-.
ryiug stone, building hupsss. getting
lumber. &c, aud. haze lnada quite salts.
factory Progress, Aad, the .vork- ~accooa.
plishrd has besu we'll douei Zttl o. resent
panic. fortunately. not instrfsrinkt viii,
the work To su a1t.ut that will postpone
the husl COMPLETION IF the antsrpsise,
and the company il NOT Iu dabt. r il
contemplated tocumnasnce The cnnstruc.
ton Of tue ma,u buildings early next
spring, and to push the aork. FOR ward as
rapidly as 1t eau be economically doue,
The entire property is estimated to
oosf. wbeu cumplsted, $500. 900, which
ID quite as low, II not less, than a simi.
lnr establishment Can be built for in New
England; for, besides tn. water power.
which would be very expensive there.
labor aud all building materials ara much
higher ea"re rhan here, the freights on
the machinery only being against us
and as the Legislature. by recent ACT,
has exempted all snoh property hereafter
constructed from tax1tiou, it Is believed
that it will be one of the best pieces OF
property in South Caro,ina.
The stock III Issued in shares IF SlOt
cuch. a nrge portion of IL has been
takeu, aud would all. doubtless, have
been hy this i,me. but fur the recen,
iinancial embarrassment, wh,ct, ii i,
hoped will soon pass over, Payment.
upon the Subscriptions are called for In
installmsnts, as tho money la nesdei to
pay for the work as it'ptogresses, it aud fo,
the machinery, when il Is faady Ior de-
livery. and will not all likeip be call sd
for before the end OF the ptesent year,
1874 St1-.,'5 -
The Off ,ers and directors of the col "a.
psuy are: II. P. Hammatt. Prealdeu,
and Treasurer. Directqrs = Hamlin
Beattio. Alexander MoBee. ESQ. >, j James
Birnie (now dnoeasad1 and Thonaas G.
Cover. of Gresnvills; DR.. ~. @. Nor
wood, Of Abbev,lle; JIM Martin; OF
Newberry; an1 B. F. Williamson, OF
Darlington. -.
There lie yet = pu.t:cn. c:; tire stook Co
be taken. which can be had by appIica.
ton to the undersigned or to either oi
the directors. II. P. HAMMET TT.
President and Treasurer.