Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1880-04-08

the company on the place, rent free. The
/ operations of the factory are confined to thS
manufacture Of No. 20 warps, which find q
ready market in Philadelphia at thirty ceuts
per pound at present, against eighteen cents
per pound year ago. The consumption of
raw cotton is l3 900 pounds per month, and
the production per month, is II 900 pounds
of warp The waste is about 13 per cent.
q largo proportion of which is utilized aud
manufactured into cotton twino. The Red
Bank Creek furnishes SO horse power, and
the factory is run by 52.inoh Lafelps
turbine wheel. In answer to a question as
to how the enterprise was paying, Mr. Swat.
field, tho Secretary and Treasurer Of The
company. replied, that the company had
paid an annual dividend of two dollars per
share, aid had devoted the bulk of tho
profits to the purchasing of now machinery
and The creation Of o commercial capital.
Tho factory is now paying profit Of
ONE PER CENT. A MONTH
on capital of $4,000. "lVo have never
had bale of the warp on haud for sale.''
Mr.. Swaflield said: "Our orders arc ALWAYS
ahead. In August last our warps were
selling at 20.lS cents per pound, and cot
ton was selling at II cents per pound. At
the present time our warps arc selling at
80 cents pound, and cotton is selling ut
llG0 cents per pound. Our labor is COM
posed entirely of natives, who have been
educated to the business. They are very
comfortably located, and have the free use
of all the wood they require"
Concerning the relative cost Of
WATER AND STEAM,
Mr.. Swaf6old gave it as his opinion that,
while water power was cheaper, steam was
surer. '"The relative cost would depend
greatly upon tho location, but, said he, ati,
sntistied that handsome profit can be made
With eteam power in any. locality where
fuel can be obtained in bulk and at whole
sale rates Steam can be worked all the
time"
With respect to the prospect for cotton
manufactures in this State, Mr.. Swaffield
said: 81 think there is a great deal of
money in the business in this State, and II
the prices keep up in proportion to the
price OF cotton any ordinary factory will
pay from Is to rs per cent. during the
ensuing year. We bavo everything ia this
State to mako cotton manufactures d
success.
CHEAP LAND, CHEAP FUEL, CHEAP LABOR
and the great advantage of having the
cotton right at hand--being able to work
the year round without any interruption
from cold. Taking into Consideration the
difference in tho cost of labor, fuel and
transportation tliero 10 fully II to IA per
oent. pound, advantage in favor Of this
State over New England in tho cost Of
production. The proof of that is that the
SOUt horn faofor bnp 81 ~
evep, lp the most trying, times. There ia
no doubt that tho law, excmptipg mill
property from taxation for ten years is
great encouragement to the starting of, new
factories, but taxation wouldn't deter mo
from going into one. i tbibk the cotton
industries arc going to pay q fair profit,
and should contribute at least to the school
fund.-.
With reference to
THE CLEMENT ATTACHMENT,
Mr. swafeld said, that he was not sufi:-,
oiently acquainted with the process to Give
an answer. II hardly think, however, he
said, "that it is practicable, and even if it is
think it will only result in attracting
attention to manufactures generally, and,
increasing tho number of largo factories all
over the South. There is field here
large enough for an unlimited number of
factories to make money. The South
before very long, will bo manufacturing all
the coarse goods"
MIR. Swafiicld's opinion with respect to
oolored operatives was that they GOULD not
DO properly educated to do tho work. The
whites and blacks will not work together,
and We have an abundance Of white labor,
which is certainly superior to any class Of
colored labor that we could employ"
The Red Bank property is valued at
100000.
The saiirda Cotton Factory.
This dmal but prosperous factory is
located On the banks of tho Saluda River,
about two milos from Columbia, in tho
county of Lexington. Tho building, which
IS substantial frame structure and stone
foundation three stories high, 205 feet long
AID 30 feet .wdo, is located on the site Of
the old Saluda Factory, which was burned
by Sherman at tho close of the war. Mr..
VIM johnson formerly of North Caroliaa,
is the owner and proprietor of the property
and his son-in-law, Mr.. J. NJ. Campbell, is
the Superintendent. The water power of
the river is estimated at $4,000 horses.
lo,oOO OF which are under control and 100
IN use. There arc at present 1000 spindles
in operation and an addition of l,500 moro
will DO made shortly, and will bo in opera.
tion by the first of March. The factory
also contains 100 ooms, which are not
now RAINING, the operations Of tho factory
being entirely confined to- tho taanufac-