The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1884-07-17
THE WAY 10 WEALTH.
Anniston's Plan for Building and
Encouraging Manufactures.
Pulaski Can Adopt 1t
Baltimore Record

niston, Ala, and of the good work that
Messrs, Tyler & Noble, the founders OF
that thriving town, are doing for the de-
Velopment of Alabama. Another ad-
vance movement has been made, and
one which, while certain to prove of
vast benefit to Admission, will at the
same time stimulate other southern
cities to do likewise. Messrs. Tyler &
Noble, who are the owners OF extern
sive iron works, cotton mill, &C., at
Admission, desiring TO devote their at
tention more fully to their manufac-
turing interests, induced Mr.. d. I.
Parker, a successful banker, to organ
lze stock company to be known as
the "AnnistOn Land and Improvement
Co." Mr.. Parker raised $50O,O in
cash, and Messrs. Tyler & Noble put
into the company city property worth
over $1,000,0U0, thus giving the COM
pany capital of 81 800, 900, none of the
cash being paid to Messrs. Tyler q No
BILE. Mr.. Parker has now mapped out
his plan for building up the industrial
interests of Admission. Starting with
$5O0,000 cash, and an iucome of about
$25O.000 year from the rent and sale
of the company property, he will be
literally supplied with ready money.
He proposes TO offer to northern and
western manufacturers desiring to To-
cate in Admission unusually favorable
inducements and if he finds any one
who lacks sufficient capital to establish
what can be demonstrated will be a
paying industry, he will advance them
the necessary amount of money
Speaking of this, he says: "If man
has a manufacturing business that we
think would pay well in Admission, we
will propose that he move it to Annis-
ton and enlarge it. Ii he needs $4,000
to do this, and has only half of it, we
will let him have the other half. You
have no idea how many small indus
tries this policy will attract. 1 know
of one man who is working twenty
men in small shop and making mon
ey. He wants to come to Admission
and double his capacity. To do this
requires $4,000. He has about $4,000.
We will let him have $1,000 and he
viii Come"
He also expects to advance $4,000 to
help establish locomotive works, and is
now negotiating tor number of other
enterprises. Very wisely, however,
Mr.. Parker is anxious to secure wide
diversity of small industries, and Just
here it may be well to repeat that this
is most important need of the whole
south.
We copy the above article en-
tire and give Admission the benefit
of this free advertisement because
we think such enterprise deserves
it, and because we would like for
home croakers to see how booms
are made and cities built by capi-
tai and enterprise. Why may we
not proftably copy this example
in Pulaski? True, we could not
hope to start with so large a capi-
tai, but such a company with suffi-
cient capital to do a vast amount OF
good is not an impossibility even
here. We have capital sufficient, il
we only had the confidence and the
energy. We respectfully submit
this idea to the serious onsidera-
tion of our citizens. We have in
mind a score or more of men in Pu-
laski-business men, bankers, pro-
fessional men, manufacturers, build
ers and property owners-who we
might name who could readily
place on foot such a scheme for
Pulaski.
Jfthey aOiH call a meeting and con-
fer upO'a tie subject, company sOould
be tile reSul!
"The Pulaski Improvement and
Loan Association, inaugurated and
operated upon a plan similar to
that above outlined would do more
than anything to quicken the bust
ness and manufacturing energies of
the town, and at the same time
prove a profitable investment to
stockholders. 1t seems to us that
the idea ought to strike every citi-
zen at once as feasible one, and
if the writer had capital he would
not hesitate to take hold of it per-
sonally and demonstrate his faith
in it practically, but men of capi-
tai and financial skill must take the
lead and every property owner and
business men in town take stock.
We ask the reader to think this
matter over seriously, read the
above article again carefully, study
the plan, look at it's practicability,
imagine its far-reaching results,
ask yourself if it is not the best
thing that could be done with our
capital. We must wake up, fellow
citizens of Pulaski. We can not
if we would disguise the fact that
without some move of this kind we
are practically dead. Let US at
least call meeting to discuss the
situation and adopt some plan TO
revive ourselves. PULASKI.
These comments were written by
a man who is ready to place several
thousand dollars into such an en-
terprise. There are many men in
Pulaski who have property that
is not paying them much profit.
They may place it into the associ-
alton at fair valuation receiving
stock to that amount. The rents
from property, interest on money
invested in stock, and the accumu-
lasion of profits that will accrue to
the company from its interest in
the manufacturing enterprises es-
tablished, would soon swell its re-
sources largely. Each enterprise
established here would enhance the
value of all property, and by the
time the association got half it's
property capitalized and invested,
the remaining half would be worth
more than all of it was at first.
All property in Pulaski would 90
up and the men who placed part of
their holdings into the pool would
find what they still own worth
more than all of it was at first.
The time for this scheme is especi-
ally propitious now when our Fac
tory has just been burned and its
rebuilding is problematical.
We may start Pulaski on race
up hill if we will. Our people do
not realize that the whole south is
up and doing A storm of prog
ress and development is brewing
over us and it is breaking loose at
various points every day. Let's in
vite it here! Let's force it here!
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