The Caucasian. (Clinton, N.C.) 188?-1913, 1890-03-20
CO-OpERATION-
We Need Factories. We can get
Them by Cooperation.

our tOWHSIIlaIl Mr.. j j.f. ldytOT
is interested in the welfare Of
the town, taking the very sensi-
bic view that what benefits the
town will benefit him. He
thinks, with the Free Press,
tiIat kinstOn's great need is
manufacturing industries, and
that the only way we can get
them is by co operation.
Two cotton factories were
established, and are in success,
fuI operation, at Charlotte on
the cooperative plan. That is,
the stock was taken in small
amounts by the citizens and
paid for in small installnents-
in one instance of % cents
week, in the other instance of
30 cents week on the share.
At Greensboro and other places
in the State factories have been
established on the same plan,
and all Of them are successful.
in conversation with a gentle
man from Greensboro a few
days ago we learned that the
fine cotton mill there, esta blisn-
ed on this plan, is in a highly
prosperous condition. He said
nearly everybody in Greensboro
had stock in that ill,-even to
the little children, who saved
up all the money they get hold
of during the week to pay their
instalrDeuts on Saturday. but if
they don't get enough their
parents make out the amount.
Now this is another splendid
thing about this plan-the
children can take stock, and
they will learn practical lessons
in economy and f?anciering.
This gentleman also told us
that the knitting mill at Green's
bolO was yaying well; and the
demand was SO great for the
products of this mill, it was
running day and night.
There is no reason at all why
KinstOn can't have IL factory
established OH the cooperative
plan, therefore we must have
one!
A knitting mill employs more
hands than any other factory tC
the amount OF capital invested
therefore let's start off with a
knitting mill. A good idea, we
think, would be to get in cor
res pOndence with some reliable
man who understands the bust
ness and who is willing to in
vest in the enterprise and as
sumo the management Of it
not someone with d lot of old
wornout machinery-to sci! but
| someone who is willing to in
vest q reasonable amount o.
money.
TO establish a knitting mill /;
stock company of say $4,000
might be formed with 2O(
shares OF $50 each, to be pai(
for in weekly instalnents of 81
cents; aud the number Of shares
that any one person could owl
limited say to 20, which wOul(
prevent one or two persons get
ting controol of the majority o
the stock and "freezing out tb
smaller stockholders. Protect
ing the small stockholders b,
limiting the amount Of stool
one person can own should Civ
: confidence to all, and cause th
professional and business men
the mechanics and other EN-
ployes, and the children of tn
town to take one or more share
do so as an investment to saw
some money as we'll as to hel
along the general interests o
p the town. There it hardly a
employer in town that coul
not spare so cents ormore ever
week to pay on stock in such a
enterprise.
= A $4,000 knitting mill woul
! give employment to about 10
hands, mostly women an
children, and would be a bi
thing for KinstOn.
We must have factories t
: employ our surplus labor an
the only way to secure such
by cooperation of all the towns
?. people. If we wait for tn
, large money owners to essablis
factories they will never b
established.
!, Mr.. J. f. Taylor IS much il
3 terested ON this question becaus
|. he recognizes the fact that it
the only way to make a tho
uughly prosperous town {
Kinston. Any who feel interes
- ed in what has been said ca
= get fuller information by il
curing of Mr.. Taylor; wfo hs
been in correspondence wit
e the managers of the Charlott
n cotton mills, established on th
e cooperative plan, and has copie
s of the charters and bylaws c
t both mills.