The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1889-05-02

Engine and boi ere 1OO Il P. )............. 3 On
rhatting pulley etc.......... 5,N
La6ortplaclng, etc .lo"'
Ota Se3 SJ
Add 10 per cent for inCidentals. ............ S32
Total........... .................... $685.
"a plant of this capacity will produc,
say 1000 yards per day standard checks
cOttonade, etc, at the average weight OF
4 yards TO the pound, valued at Z cents
| per yard, making $3.50. Then the surplus
| spinning put into wraps would amount tc
$64, thus making the total product, ex
elusive of hard and loft waste, 1914. The
cost of this would be l 400 pounds of cot
ton (add 10 per cent loss) 1,540 pounds
At 8 cents, $138.60. Average cost OF
labor per Pouud, including dyeing, 1,40t
pound7, at cents, SIP. Total, $250.6O
net product per day, $93.40. Deduct sup
erintendepdent, clerical force, etc., $25
which makes a net profit of sos 40.
"a capital of $l25,O0O will be amply suf.
ficient to build and
OPERATE THE PLANT,
as thus suggested. In estimating the
weight of my woven product l have in
view the weight of checks, etc., which will
go yards to the pound, and cOttUnades
which will go 3 yards to the pound, the
average of which will be yards to the
pound. The values run from 81 to Il
cents per yard, and l estimate the
total at only cents, and it should be
greater, but l prefer to be on the safe
side. Aus tin has superior advantages as
manufacture NJ poin, viz: good water,
health and good distributing facilities.
These estimates you are at liberty to sub
NIT to any expert aud l think you will
tind my statements are about correct.
Forty cards will produce more cerdlng
than is absolutely necessary, but in order
to obtain good spinning results, would
prefer 70 do light carding, hence the
number l suggest. l would suggest that
those who sue. cribe pay in monthly in
stailments as the work progresses and the
money is needed. l 90 not think there
should be any trouble here about raising
money to build mill. Much of the ma
ohInery that have named can probably
be bought cheaper now than have est
mated"
In answer to questions Mr.. King said
he would prepfer to use steam power, be.
cause the running would not be affected
by high or low water, and as some steam
had TO be used anyhow the extra
cost Of using steam power would
be repaid in many ways. As to the class
of labor it would consist chiefly of child en-
and girls, and plant such as he suggesteo
would employ about 125. He would not
import labor, but would get it right here
Any WON n of ordinary Intelligence can
easily perform the work. The Waco mill
employed home labor. He suggested that
i6 was best for the company to build
houses for its operatives, but it was not
necessary.
Mr.. Hamilton moved that q committee
of five be appointed to investigate the
m after and report at the next meeting.
Adopted.
The chair announced that he would ap-
point the committee ter.
The matter of selecting plans for the
BOARD oE TRADE BUILDING
then came up, and Mr.. Woodbridge said
that in the absence of Mr.. Castlemap, he
would report that two plans had been sub
mVted by Messrs. l. nour q Watson ard
one by Mr.. Wyard. The special com mittee
recommended that one or the other OF
and the directors selected No. 2 of These
plans.
A recess of five minutes was then taken
to allow the members an opportunity
to examine the plans, and after
a long discussion, in which Messrs. Wool
bridge, Evans and Orr engaged, it was de-
cided upon motion of Mr.. Bartholomew to
relegste the matter of selecting the plan
and having the building erected to the
board of directors.
Mr.. Maddox offered a resolution pro-
testing against the acceptance of the
Montopolis bridge by the commissioners
court until it is completed according to
contract.
In support of the resolution Mr.. Mad
dox said he had been reliably informed
that the bridge was at least six feet below
high water mark of 1869.
Mr.. Cypher thought there was just
doubt about the matter to suggest law
suit, and he was not in favor of taking
any action IN the matter. He moved to
table, which was lost.
Mr.. Bartholomew thought action on the
matter was a reflection on the commits
sioners' court.
Mr.. Woodbridge thought as the board
of trade was yet young institution it
might be well not to interfere
in too many things. He thought
the motion ought to be modified.
Major Evans offered as substitute that
in case the contractors have not built the
bridge in accordance with the contract,
then the board of trade protest against
its acceptance by the commissioners
court.
Mr.. Maddox accepted the substitute,
and it was adopted.
The chair called attention to the fac
that no action had been taken in regard
to raising money for the board of trade
building.
Mr.. Woodbridge called attention to the
fact that before this bonded indebtedness
could be incurred the consent of two
thirds of the stockholders must be OBJ
tanned by ballot, and he suggested that
the matter be voted on at the next meet
ing on Tuesday.
Adjourned.