The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1881-04-15
THE WATER POWER,

ter go back to the old EIollcy plan. Along with
this orr contemporary remarks that the people
are tired of putting their money into great
schemes which come to grief every time, whilst
they are out of pocket. This seems to be quite
encouraging talk indeed from claiming to
he interested in The development vi the indus
tries of the State.
Our contemporary also lodges n comparison
between the practical advantages Of the Char
lcston steam mill aud the readiness with which
il will go to work and tho time which it must
take to apply the power here to the MILL WELL
We wish our Charleston friends the best success
in the world but We remember they built n
factory in Charleston before and failed. The
Atlanta steam mill has also gone the way of hu
man flesh. Yet we do not say our Charleston
ncighbors are doing wrong. They know their
omm business best. "lou pay your money and
you take your choice"
Again, one swallow DON make Summer, and
there is such a vast difference in the manner in
which mills are constructed using the same
power; such difference in substantial back
ing of an enterprise; such difference in the
time of construction, the original cost of mill,
the general surroundings of the case and the
lHcu III tnc lore Ill inc lnaulSCuleut, tHat WniI
might DC splendid success under one set of cir
cumstanccs might be dead failure under an
other set.
1t seems to us, looking at il from our best in
formed standpoint, that there is almost every
thing in the kind Of man who has the manage
mcnt of things. genius for the conduct Of
business goes great way, experience goes
great way, yet in all calings the most inexpc-
ricnced man sometimes by the sheer force of
his individual character and natural genius.
ovcrtops all others and absolutely blazcs out
new way for those who come after him. But
this sort of man is not known until he comes,
and the best that can be done in such enter
priscs is to take men of tried business capacity
and experience. y first-class business man is
very apt to be success whenever he consents
to act
So far our manufacturing enterprise is
concerned the men now in charge are first class
business men, Men like W. 4. Clarke, George
Shields, W. B. Stanley. 4. \. McCrecry J.
:. Coles, John c. Sccgcrs and y. B. Barnwcl,
are known to be solid business men by all who
know them. Besides this, they put their own
money into the venture and are very apt to know
what they are about.
Now, rs to the selection Of the exact place Of
constructing the u"in, &C., we 40 not unucr-
stand that it is a torcGone conclusion even yet,
although the circular indicates the placing Of
the dam at the Pcnitcntiary quarry. Yet when
the subscriptions are made up we expect to
first class engineer called in consultation
on this matter, if the minds of the stockholders
and directors arc not completely satisfied as to
,I,, l., r,l,,
for granted that the dam will 60 where i. is best
in view Of the amount on hand, the requirements
of the charter and where, all things considered,
i, will pay best.
Now, with reference to the magnitude Of the
scheme our contemporary is not properly in
fIrmcl when he says that this shuts off prac;l-
cal results. The charter under which the pres
cnt organization exists requires the develop
mcni of the water power which he cites II
u:clc>s expense. This, according to the pres.
cnt pan along with n first class cloth mill of
2o,UOD spindcs, is estimated to cost some $500
600, with 1000 horse power Of wafer developed
and ready to hitch to gear rs it may be wanted.
The mill, then, will he the cheapest to the spin.
die OF any in the South and have II 900 water
power besides, worth at the lowest figures $40
per horse per nnnum, or Sl20, 900 per annum,
which amount it requires $4,000, ,OO) capitalized
at per cent. to yield. SO, also, it is estimated
that the water power can be developed and
10000 spindle yarn mill constructed along with
it for Si3l GOO.
Not only this, there arc many other valuable
franchises accruing under the charter granted
Thompson Naglc and now owned 10y the present
organization which are dependent upon the de-
vclopmcnt Of the water power to the extent now
undertaken. And these franchises so derived
from the State arc intrnSically worth more than
the cost of the dam and canal all told. The
convict labor alone is estimated at SS5, 900, and
very surely the water rights, lands, &c, besides
Tie rights generally secured with reference TO the
development of 80, ,O0O horse power all told is
worth not less than $3.50 600 more. TO leave
out all these valuable properties incidental to
this water power now under contemplation, and
which alone, with the 1000 horse power dcvcl.
opcd, will be worth five times hat it will cost
n'onG with cloth mill Of "a, 900 spinilcs and
SO somewhere up the river to e. up little trick
for $l50,00o, with not right or II franchise
attached, and which would have no possible
meaning for the great industrial development
sought in this venture. well for the advance
iuelIi OF lie Industrial economics Of The STATE nt
large as the building UP Of 8 cue cit in the
hear! Cf lie St&;c, would lie 10 our mind the
ycricst fools work !hG! was c"eY pe.pciraici.
OF course if The moHcy is nc. raised Tie gai.
.ncnt will have TO lie cut according 10 the cloth.
But if Columbia, az VIC now confidently hopg
she nay, !oG:s :Ec ill with Sl5pCnD, We sin
ccrclv trust Tint ;Lp rect Cf the Sinlu viii ma