The Grenada sentinel., 1889-06-08
SHALL GRENADA COUNTY GO FOR
WARD OR BACKWARD
Sober, Serious Suggestions for Our
People 10 Act Upon

Much favorable and encouraging COM
ment was excited by the article in our
issue in regard to the opportunities for
good that lie dormant in the Grenada
County Improvement Company. The
SENTINEL was kindly complmentad on
the spirit of encouragement to home en-
terprises that it displays. While we ap-
precate the kind things said about us,
we would be more rejoiced to see an
effort made to secure concert of action,
and immediate action at that, among
our citizens, looking to the establish
ment of new enterprises. We are sin
cere IN this, and in furtherance OF this
spirit, VIC think little further consider
alton of the benefit that can accrue from
the Improvement Company and like en-
terprises will commend it most strongly
to the people.
Operating on the principle OF Build
ing and Loan Association, the shares are
| divided into small amounts, and on each
one hundred dollar share, only one doll
| lar per month need be paid. With this
simple statement Of the plan, we ask,
| if there are not in Grenada County, men
enough to subscribe for one thousand
shares of the stock? One thousand men
paying one dollar each in the aggregate
raise monthly for industrial purposes,
one thousand dollars. One thousand
dollars per month is tour thousand dol
lars quarterly. No one share would
have paid in that period but four dollars,
and yet every four months tour thous-
and dollars in cash would be realized
for an investment in enterprises for the
benefit and up-building of the commu-
nifty. What leverage this would give
us. We have gone somewhat into de.
tail in our explanation just to show how
simple thing it is, and what possibili-
ties are contained in an unpretentious
Improvement Company. The benefits
that would accrue are manifold, and
need hardly to Ee stated to be appreci-
ated. In the first place,-direct invest
ments can be made under the direction
and sanction OF prudent and conserva'
tive Executive Board, land their invest.
ments yielding profit would do double
good,-to the individual and the COM
munity. The company would thus be
in a great measure savings bank fol-
small investors We have not space tc
enumerate the advantage of a safe saw
ings bank system, but it is true the
world over that penny saved is 8
penny made" and the same is true o.
dollars and cents. Again, whenever
there should be accumulations in the
treasury inducements could be offered
to outside investors. They could be en-
couraged to invest their own means by
the assurance that the people at home
woald identity themselves and loar
part of the funds, at low interest ant
for new enterprises. 1t would be well
and would result in infinite benefit, were
the Company able and willing to do nj
more than to encourage new and profit
able enterprises by making loans at 81
low rate of interest, even at four o
five per cent that energetic and enter
, prising men would feel that with sucf
cheap capital, it would be easy to max
: reasonable profit. No man would fee
the loss OF part of his interest on $l2 o.
per share per annum, but the who'll
J iggregate would be twelve thousant
dollars per annum, and this sum woult
pay in taxes, in wages paid out, in pur
chases of raw material, in cheapness O
r home made goods, perhaps fifty per
cent to our community. These are som
of the benefits that would accrue, bu
there are many more. Now busines
men and farmers of Grenada County
] we must wake up, must arouse our ener
gies and instead of talking. must go t
ecork with vim and spirit. We have trie'
old ruts long enough, let us put oul
e selves in harmony with the spirit Q
!, advancing prosperity, which now seem
+ to be throbbing and pulsing in tn
South. Other communities are acting
; others are taking chances. Shall W
t slumber and permit our future to be
!, come dark and overcast with discour
o agement and gloom? We have spokel
,simply and honestly, without effort a
effect. Consider our words.
: We know there are men enough i
It Grenada County, who are willing to in
+ vest one or five dollars per month eacE
y and that safely for themselves and 10
the good OF this County. Speak on
3 gentlemen.