The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-09-14

AXE stock In lho mills OF 10 take bonds OF
the mill company bearing per cent inter. |
est, duo In twenty years, TO purchase all
the necessary machinery 10 make yarn IN
these mills. They Gre 10 Furnish the boss
managers and trained operatives from lhe
Manchester mills for three years, inc
cotton growers who furnish the cotton are
to pay the mills four cents pound
for spinning yarns for heavy goods, either
in money or yarns. II the English spin
ner, take stock In the mills instead oil
bonds, then the growers are to guarantee
not less than eight per cent. on the STOCK
Cotton growers then sell their cotton in
bales oGyarn instead of lint, all expenses
between the field and mill saved, all ex'
penses for bagging and ties saved, all eN'
penses for interest on capital to buy COTTON
for mills saved, and also for the sale Oh
goods. The cotton is neither pressed nor
compressed, but goes to the cards as "
comes from the gin. The remedy proposed
is to build cheap, one-story spinning mhis
On the railroads, and with steam power
make warns, and double the value OF our
cotton, Instead Of paying a, ana as
middle.men, amounting to.millions oil dol
lars on every crop, we propose to pay every
thing as toll to the spinning mills, and
make warn to send to the European mills,
instead of lint cotton. We are not able at
present to furnish the machinery Tor Our
spinning mills. We can furnish the grouhu
and 81 tldin.a nd propose to the owners
of the great cotton factories OF Manchester
to send us the machinery from their ma
chine shops for these mills, and take pay IN
stock in our mills, and we guarantee a
dividend of 8 or 10 per cent. on their stoch
by mortgage on cotton plantations. Inc
important results to us as planters are
First we sell our. bales OF yarn at 10 10 "
cents a pound, making $50 the price Oh
cotton bale, instead of $45 now. The IN
crease in the value of our cotton lands is
sos per acre in consequence of the increased
product of the crop. This increase Will
rive us credit in the Bank of England
through the aid of the Manchester
cotton spinners, and we WILL se'
money at 6 per cent. interest," to
nay for labor in cultivation Of the oror'
This is the basis of lasting prosperity IL
cotton growing. Our lands on our alluVla
/ bottoms will be worth 500 per acre
Though this may be so, we are prohibited
from using them as security in all nationa
t thanks of TIE lifted States. We there
t,-e intend 40 90 to the bank of England
for discounts. This is part Of The 'cottof
syndicate above ulentiOned. Our spinnlnf
uilis. in our cii1ls e, will not cost one-thlrt
& If What they do in the city of Manchester
! lheg.e. the chances for large dividends, al
r the quu win Do Ioss to pay on. we pro
4 nose 10 Guarantee ten per cent. diVidehu
} ON their stocks. They ale therefore al pa
e iron the beginning" All Of which mean
}. an earnestness that is born OF the we" o
a the yastness of the benefits OF cotton iacto
d r;es in the south. Now let Texas, tn
s Iargest of the cotton producing states, II
If tbe very front of progress and power ant
t fame of all this section, see TO 1t that sue
t not left in the renaissance that is destine'
h 70 sweep the gulf states. And let Dana
o see to it that she be the first to set the bal
: in healthy motion in the number OF he
10 actories and the successful operatio
II | tn .reof.