Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1878-12-29
Cotton FaetOry.

About the time Mr.. Staub con-
ceived the idea of building the Opera
House in this city The writer ventured
to suggest to him, indelicate as ] con-
fess it was, the thought Of abandoning
bis cherished project and OF investing
| what spare capital he bed in q cotton
factory. He did not, however, agree
with me, but proceeded with charac-
| teristic energy aud determination to |
carry out his plans. He will dOutles8 |
agree with me now. His investment, |
as L then thought aud as [ told him.
has proved to be an unfortunate one.
He is not alone in these sort Of in-
Vestments. A vast deal Of capital has
been expended in brick and mortar"
In this clty-in the erection of costly
buildings which do well enough 10
admire, but which are calculated, one
would think, to Cause the owners to
reusc5 upon their folly in putting so
much dead capital into them. There s
are buildings here thai did not cost 6
less than from twenty TO thirty thou =
sand dollars. Enough surplus money
has thus been squandered to have
built cotton factory which would
have paid the proprletors fair re-
turn, improved the business of the
city greatly and given employment
10 scores of operatives now Idle and
Dennliess. n
It is too late now to undertake The =,
ask Of demonstrating the value of a re
;OttOn factory III this city. 1t REQUIRES | m
)ut little sense TO realize and apnre- tn
late this fact. Why, then, it may be r,
sked, do not our business meu-Our CO
nen OF means and capitaI-take hold at
+ 1t and pat it through? The answer az
! not difficult Que. The most. if not bn1
Ii Of them, have their capital locked WI
p in other enterprises IN merchant pr
lZjug; in raiiroading in the iusur- IA
nee business IN banking; aUd in 81
ealing i'll grain aud PROVISIONS
therefore they are NOS inclined 10
ItLGTaw Il from these channels auq
,herw!se investIt. ,
What are We going to do about il ? the
hard cOnundTuHl. If our home cap Ma
al Will not embark in manufacturing,
sr encourage it in some tangible form,
whom shall We go for succOr? Some ny
y, appeal TO capitalists abrOad-per- N u
APPS they will come To our relief ele,
bis has bad ling about it. It DONE v
uud clear. III savOis of seIfishness. JO
betTays our weakness. Ii Indicates NC
a. We ara wanting other folks 10 do w
Us what We are un willing 10 DO for the
-IseiVes. There Is 10 manhood "
this. This way Of calling OF ~
6rcuies TO put isI= shoulder 10 n ra :
. wheel aud Keep ng our own saz,
Im II, Is not the way tu yet along.
ercules ls = stalW&rs lei! ~, OF giant
oportlOn5 anu OF IiunieHsa Strength e II
d endurance, but he dues not pro-
SO 10 aid those who viii not sid
emselves.
IL Is 8 curious question, therefore, to 49,
termine If those who are 50 anxious "0o
secure capital from abroad are at
IIing TO lend a helping hand. What Z
Vantages aud privileges DO they red
oppose TO Offer? Here is a problem paGG
at has to be solved. Capital is as r.,
fe|d IN New York or PIttsburg as 500
Rockville, remember. 1t has its at !
"a Ideas about business. It can 81 {
lther be buildUzsd nor deceived. at s
IhTee things, IL seems 20 me, are to i
done TO secure capital from any
after. First, donate property Tor
Dugh for buildings; second, exempt per
"a property from taxation for Il e.
ID Der OF years and third, subscribe -
orion OF the stock. l il can't be o7oS
iuced to try its hand among us Oh =,
,se terms, there is no use parleying 4
Iut cotton factory any longer in 60a6
loXv vile. COTTON FACTORY d
m