The New Orleans daily Democrat., 1878-11-10
THE NEW ORLEANS DEMOCRAT SUNDAY, NOVEMBER TO- 1878

better qstead q q ssdoptng that for
they procured cheap subittitutsssg, which are &
have raised the standard of storage to about
| 1900 pounds, and an actual reduction In freight
equal to .1pWards Of 50 600 600 on tho average
receipts. of New Orleaus. For this great econ.
ONT, this, community is ,primarily, indebt cd
| nnents offered TO the New Orleans cotton press
mon and their advantages explained to them
| before you offered them to others.
Ayes; after my D paus were matured and
patents secured, I made o proDostior to tho
| President of the Cotton Press ASS ciation to
| work my patents on plan that did not Involve
an outlay OF $4,000. and to charge the shp ps
small advance for the superior work drne.
They could then have secured the control for
now cannot be had for ten times that sum. The
president was not supported in bis pr2posal 10
make some arrangement with me and the 49,
lsnlt has been that they have expended abost
$500 900 for aew presses. and nov have not ons
shat cal, compress tWonncom pressed bales into
one with one set OF bands nor load ship to
it3 full capacity, Tor are they In possession Of q
band puller cr tie, that Will hold cotton perfectly
Itsp-What is the practical value Of the steam
BAND pnller yOn speak ot2
A.-The bnnds are tigttaned and fastened By
steam with no discretion left to the workman,
who has only to turn on tstearn and tho bands
are all drawn exactly to the same tension and
fastened in two sec,n1s Of time. At the first
trial to-day on go bales of cotton they were
compressed at the rate Of seventy bgles an hour,
and after q little experience they will be able to
turn out 100 bales gu hour. With this machine
there ie no muscular labor required in Intting
on the bgnds It's commercial value In the re-
duetion OF the bale i8cohoeded to be Is per cent,
and with freight at one cent is equal to seventy
cents per bale gained in freight room.
Rep,-What amount OF cnpital will be sLa-
ployed by your proposed new company =,
plant is about SO 59o,o0o and the company
whose chief office will be in New York, will
probably m ke all required advances on all cot
II rlraEE III nj ist
ready to clear giving sellers the value Of
their GOTTEN, less the margin. as soon as 1t ar
rives at the pres wharf, and buyers every
facility to negotiate.
Rep.-Wll the stock Of this company be put
on the market for subscriDtton7
A.-Not o dollar Of it except for legal pur
poses. It will all be taken by about ten men,
who are now consumers of more than 10000
bales of cotton, and who fully appreciate and
Investment. Some OF them spent part OF last
winter here. and but for the sickness would
have been here again at this date. With their
imm diate friends they probably consume
moiety of the amount per bale gained by this
investment that alone will pay 10 per cent on an
Investment Of 81. 900 900.
Rep.-Will the Louisiana Cotton Tic Com pany
se on 10 ths the neY & 9n wv oun oorro
about ten patents which, In the opinion OF
eminent engineers In the interest Ct the new
| company, cover all the plans upon which the
most speedy, efficient and economical COM
press, steam Or hand banding machine, and
ties can be constructed. and they will only
| license these patents for q royalty per bale In
! this and othe ports. It is now quite clear hat
those who do not use them will be- crowded ont
! OF the business by those who do. Is this suffi-
eient2
Kep:-Quite satisfactory thank you. Good
| morning.