The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-07-31
WILL THE MILLS BE REBUILT
Major Warfeld Not Encouraged in Els
Enterprise.

enter Prise.
Mai L. n. Warheld, who has been en-
deavoring 70 raise a company TO rebuild
and operate the Savannah Cotton Mills, eX-
pressed himself yesterday as disappointed
at the apathy Of the people in coming for
ward to make up the stock required.
! In an interview with MORNING NEWS
reporter Mai Warfeld said:
Il think the chances are very slim unless
/ the people of Savannah manifest more
| interest in the enterprise than they have
! done thus far. j have endeaYOred to show
| by facts and figures that cotton mill, prop
/ erlY managed, would be one Of she most
/ profitable branches Of industry in this city.
d would pay fully 20 per cent. on the
| inveSt ment, but no figures or arguments
| appear to be strong enough TO induce invest
ors 10 take stock IN a cotton mill IN Savan-
nah. 1t is difficult 70 account for such
/ apathy in reference TO a business that has
! proved 50 profitable, aud can be made 70
show even greater results with a new plant,
but presume the people would rather give
their money away TO doubtful enterprises
rather than aid in building profitable man
ufactories at home.n
Maj. Wartield went on to say that there
| is no comparison between the cotton mill
as 1t was operated many years ago and as it
IS operated now. Whom the old company
failed it was about the time Of the Jay
Cooke panic, and the mill was extensively
operated. Cotton yarn manufact lring was
not then popular In the south, and the mis-
taken idea was that expensive officials and
unnecessary employees, such as a cotton sam
pier, ETC., dissipated the profits.
But times have changed, he said,
and the south is being recognized as
the proper place to manufacture cot
ton. Recently extensive plants have
been removed from the north TO the south
Savannah. Maj. Warfield says, is superior
10 any southern city for a plant, as the
cotton is near at hand, and its railway and
steamship facilities are unsurpassed by any
CITY of the south.
sumed, Maj Warfield says the mill,
under his management, before it
was destroyed by fire last April,
distributed nearly S40, 900 per annum That
money found its way into almost every
branch of trade. The pay roll Of the mill
was nearly $4,000 This amount helped
great many poor people, and added largely
TO the general prosperity Of the city. A
new mill would be larger aad would do
proportionaily moro good than the one that
was destroyed The south is fast getting
control Of the heavy colt N goods trade Of
the country, and it is unfortunate that Sa-
vannah cannot get share of a business
that has proven so profitable in ali other
sections.
Maj Warfield was asked if he will cor
unue his efforts to raise the $4,000 stock
required.
10 this he replied that it will depend
somewhat upon circumstances. 81 have
about made up my mind, - he replied in a
disheartened way "that the people don't
want cotton mill here, and shall aban-
don the effort to build one unless | can see
better prospects in the near future than are
now noticeable. The Savannah Cotton
Mills corporation has liberal charter and
will be ready to build mill as soon as the
requisite amount of money is available. /
wlll cooperate with any one VINO will take
hold Of the matter and work it to a success.
but have not met with sufficient encour-
agement to justify rue in spending much
more time trying to build mill that don't
seem to be wanted by the people here"