Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1874-04-14
{ COTTON MANUFACTURE IN THE
SOUTH,

s.- That to the production of cotton in the
South may be added its manufacture, with
vastproit, has been satisfactorily demonstrated
The result in Georgia is among the most strik
ing illustrations of industrial progress and en-
=terprise of the day. We see it stated, says
the Lynchburg TTiryiMidn, that there are
about 250, 900 cotton spindles in operation in
the Southern States, and at least 125, 900 of
them are in Georgia or near there. Perhaps
the most remarkable example of success in
the spinning of cotton in the whole world is
found in the city of Augusta. There are two
mills there running 10000 spiudles with 500
looms, producing sheetiugs, yarns, drills and
osuaburgs. The company have steadily paid
dividends of 20 per cent. and have aecumu-
lated surplus of about $3.50, 900, with which
they are building new mill OF 5000 spin
dies and $50 looms, and this entire sum has
been made by the mills The Graniteville
Company, near Augusta, runs over e, 600
spiudles and 200 looms, pays ten to twelve
per cent. dividends, has handsome surplus.
and is building new mill. The Langley
mills, eight miles from. Augusta Cwhose prin.
cIPai stockholders are euterprising New York
merchants) have 10, 900 spindles and looms
in proportion; capital, $500, 900; and during
the recent panic the stock sold in Augusta
for ten to twelve per cent premium, although
the mill had been running bu. eighteen
months
Que of the most eDterprisinS companies of
Georgia, is the Eagle aud Phoenix, of Colum.
bus, capital, 81, 250, OOG, 90 which they paw
regular ten per cent. dividends, besides LAYING
up large surplus, out of which they arc
building new mill, which will make some
$4,000 spindles and 900 looms in all. produc-
ing shirtIDgs, yarns, drills, osnaburgs, ging>
hams. checks, rope and cotton blankets
This Is the only factory in America which
produces the latter article, and their orders
already exceed their ability to manufacture.
In and near Columbus are several other
factories which have always paid large divi
dends- ln Roswell, Cobb county, aud near
there, are several large cotton and WOODEN
mills, running about $1,000 spiudcs and
steadily making goSd dividends, their surtlu,
being used to increase their productions
The Macon factory, run by steam. has 5000
s2indles, and pays regular dividends of ten
per cent. Near Atlanta Coviugtou, Cuthbcrt
End cambridge, are prosperous mills. all pay
ing good dividends. In Savannah is the Ark
wright factory, owned by tie descendants of
the inventor of the spinning jenny.
The Nashville, Tenn, cotton f,ctory is o
successful enterprise. Indeed, it is stated
upon authority, that in GO instluce has n cot
ton manufacturing enterprise, with sufficient
capital, been started in the South, without
paying handsomely from the beginning
West Virginia, lying almost at the very door
Of the Cotton States, with magnificent water
power, F." tne climate and ample intelligent
labor, can certainly make cotton far cheaper
than the eastern factories, far removed from
the cotton fields, and requiring the raw ma
teriaI to be taken to them over long lines of
transportation and our own Harper's Ferry
with its almost unlimited resource of the finest
water power in the world. were the valuable
property there once uDshackled, might be
made to hum with the busy industry of man.
ufactures such as Lowell or Atlanta never
dreamed Of