Waco evening news. (Waco, Tex.) 1888-1889, 1889-04-13
COTTON MILL PROJECT.
Called Meeting this Forenoon.

7 Pursuant to call for meeting OF
the cotton mill subscription committee
and others, a number Of citizens met
at the Office Of j. I. Moore this morn.
ing at IL a. IN. At that hour there
were present Mr.. Ed. Rotan, s. w.
Slayden, j. w. higgins, DR.. Cock,
Judge Walker, w. w. Kendall, +. w
Mitchell. j. c. Stephenson, DR.. Thos.
Moore, Alderman Jones, 1. NJ. Pearl.
stone, Alderman Lacy, DR.. White and
10. w. David.
The meeting at 1870, on invita-
ton Of Mr.. Rotan adjourned to the
rooms of the chess club. DR.. Barker,
| w. A. Morrison, p. l.. Alexandra,
Sam Sanger, J. 4. Battle, T. A. Blair,
A. Wheeler, G. l.. johnson and VIM.
Cameron added to the number little
later.
Mr.. Slayden was placed in the chair
and opened the meeting by stating
that a Mr.. L. s. Brackets, from New
Hampshire, and in Texas for his
health, was present in the city, and at
the meeting which had been called to
confer with. him.
Mr.. Bracket, Mr.. Slayden said in
introducing the gentleman, was a cot
ton mill man, who had been connected
with cotton mills both north and
south. He had just come from San
Antonio, and brought with him the
very highest recommendations and en-
dorsements from cotton mill men. He
was q man of some means, and would
take an interest in mill If one were
erected here.
Mr.. Bracket, Mr.. Slayden contin-
ued, has brother in the north wi o
will put in $4,000 or $50, 900 in a
mill, provided it could be assured that
the constitution of the company should
be made to protect minority members
from being swallowed up by majority
holders. Mr. Slayden thought it a
fine opportunity to negotiate with Mr..
Bracket with view of securing his
aid in the mill enterprise, Mr.. Stay.
den, at the suggestion Of member,
read an article Of Mr.. Bracket in the
San Antonio Times on cotton mills in
Texas, with calculations aud figures on
the profits of southern milling. show
ing profit of II to 80 per cent on
capitol from the dividends declared by
southern mills. He read letter Of
Lanier & Co. to Mr.. Bracket and also
report Of cotton mill at Augusta,
Georgia.
MI. Bracket was introduced to the
audience. His ideas as stated, were
that cotton mill in Texas would pay;
that the heavier goods would pay bet
ter than light ones. He estimates the
profits Of mill making heavy goods at
from 10 to 20 per cent profit per an
mum. The coarser goods require less
labor and less skill.
Mr.. Cameron, speaking on the ques-
tion Of home market, stated that his
two Touring mills, running night and
day would consume 1000 sacks day,
and there are hundred mills in Texas.
He had, he said, received a car load Of
bags yesterday at cost OF five thcus-
and dollars, with freight to amount to
$26 per car. He went on to show that
in bags alone big market would be
furnished. He described the cotton
mill in Dallas with its large tract Of
ground and beautiful cottages for oper.
atives. We must. he said, have man.
ufactories. Every operatives month is
of value to the city. The Slayden.
Kirksey Wooden Mills were worth
more 10 the town than all the rail
roads. He urged the mill warmly.
Mr.. Bracket exhibited samples Of
cotton ducks and other goods which
could, he thought, be manufactured
with profit, and also table of costs oil
manufacture Of such goods, which Mr.
4 Sanger examined carefully both goods
and tables. They were also examined
by Mr. l. NJ. Pearlstone, also an expert
On motion of Mr.. Rotan the commit
tee on subscription reported, Mr.. Lacy
spokesman. He said that the commit
tee had not met with the encourage
ment it had been led to expect. The
secretary was not here, but the amount
subscribed was very close to $780, 900
The committee, Mr.. Lacy said, hat
worded hard with very poor results
The showing is not good one, and he
felt that final effort ought to b.
made at this meeting.
Mr.. Rotan said he was at loss t.
suggest anything.
The committee had exhausted til,
old fashioned way Of soliciting on the
streets and had then issued direct ap
peal to individuals enclosing posta
cards for reply. The committee hal
sent out one thousand circulars ant
postal cards and had received onl,
| about thirty ran1iaa Q6(1 of thoco most