The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-07-22
Tho Cotton Factory

The HERALD, guarding as best II can the
interests OF this city and considering manu-
featuring interests paramount to any others,
has of late with pleasure chronicled the
progress of the proposed cotton factory, and
In order to give its readers the exact status
of this new and important Dallas enter
prise, detailed reporter to ascertain and
give tull details OF the actual standing and
workings OF the company. The reporter,
upon calling nj the office of the Dallas Cot
ton Manufacturing company, found Mr..
Oppenheimer, who cheeriuliy volunteered
to give the fullest information.
The company, he said Is getting along
very well, The directors having decided to
call for the first nstallment, the SECRETARY
is now collecting the same, and Is meeting
with very good success. We cannot tell
how many shares have been subscribed UNI
I'll the first payment 10 made. The second
assessment will not be made until suil.
cient number OF the shqres have paid their
first installments. Should we not succeed in
getting sufficient subscribers to pay the first
assessment, then all the money will be re-
funded to those who have paid their first
assessment, as We shall not incur one cent
of expenses until we are sure that sufh.
number of shares will be paid up to erect
and equip the proposed cotton factory.
Have any subscribers refused to pay their
first assessment
Very few have, for reasons known TO
themselves, refused to take the shares they
subscribed for, and while am sorry that
such Is the case, still they will find that
they Missed good investment. The stock
Of the company will in less than six months
sell at n premium, and even at good pre-
MUM | would not advise selling, AS an,
sure that our cotton mill will pay as good
dividends as any mill In the south, aud
YOU are aware some pay from % TO
80 per cent. dividends. Besides consider
the certificates OF stock of the first cotton
factory In Dallas, certificate OF honor.
The success of this enterprise will be OF
moro benefit to Dallas and its people than
anything that has been done heretofore in
this city, The success of this first cotton
factory will soon bring eastern capital for
like Investments, AMI who can predict the
marvellous growth and prosperity OF this
city II cotton and wooden factories should
be established here such as they now have
In Atlanta, etc, Then the original stock
holders OF this first cotton factory can point
with pride TO their certificate, showing that
they have been instrumental In bringing
such advantages to this city and north
Texas. Not alone that we are In locality
where We can buy our own material from
first hands, We have also an unlimited
market for our manufactured goods. and In
less than twelve months people will
wonder why they had not stated
factories long ago.
There is plenty Of money In this city, but
great many will not invest until they see
some one else Does etc and thus valuable
time Is lost and the enterprise fingers along;
while II every one would put his shoulder
TO the wheels Dallas would soon DO In nos.
session OF first.class cotton factory, which,
besides giving employment to about 100
idle but willing hands, would at the same
time put handsome dividends In the peck.
cts OF he stockholders. Although some.
lines matters look discouraging, still we
shall continue to work on, confident that
we will succeed and puild the pioneer cot
ton factory in Dallas.