The Magnolia gazette. [volume] (Magnolia, Miss.) 1872-current, 1891-12-19
COTTON MANUFACTURING IN MIS-
slssIPPI

SlSSlPPI,
The Manufacturers Record has
rrpeate iIy urged upon tue peoll,
Ot Mississippi the great Importance
Of developing their cotton manu-.
facturing interests, aud We arr
glad to see that the bankers who
attended the rccrnt bankers con
venl ion in New Orleans, aud many
OF whom visited Mississippi were
impresst d with the cotton malu-
featuring possibilities OF that STATE,
They We're amazed at the great
, Wesson mill aud its splendid sue.
cess, and learned from its history
now profitable similar enterprises
could be made, aud how they
would advance the prosp rity oi
Mississippi. Several Of the North.
ern bankers we're interviewed i'll
Memphis by the Appeal.Ayalanchc
and from their statements we take
the following:
MIR. JAS II. Wilcox, president
Second National Bank Of PITTS
burg: SMy trip through The South
has been one OF continued surprise
had never been s1uth Of the Ohio
river. l was chairman of the tx.
eculive council OF the Nation /
Bankers Association last year, and
at its last meeting III New York
city | moved that the next meet
ing be held in New Orleans. III
order that might get view OF
this country. | am constrained to
say that when your magnificent
and inexhaustib,e resources have
been fully developed you will have
the finest and wealthieSt section of
this whole country. | visited the
cotton mill III WessDn, Miss, and
found 1000 white operatives ii
work there turning out Il fire grade
of material. These employees i'll
looked healthier, cleaner, happier
and more pro porous than those
20 be found III the North. also
visited the mill at Carrollt0n that
is lying idle. 1t is a splendid struc.
tire, massive aud substantial, il
located in the nter OF i fine cot
ton-prOduciug section, convenient
to railroads and with 4 market III
every direction and as / looked at
that place, with machinery grow
ing rusty from disuse, | asked my-
Sc /, what is wanting here? Money
nothing but capitol. | say ii you
had a photograph ot that mill at
Wrss0n displayed i'll over the
North, YOU could get capital 10
operate 20 such plants. We have
money up there that wants invest
meRt, and more that is invested
poorly, and should be put il better
paying bu' mess and ! say the
place ior it is the South
Mr. j. b. Wilson, president Lin.
coin Natl ,nal Bank, Washington:
I'VE saw opportunities for invest
nent that should meet the instant
appreciation Of the Northern cap-
talists, and ! have no Ioubt that
1t would only be necessary to make
Your advantages and resources
known in the IN iney centres 10
bring down an avalanche Of in
vestnrs. We saw the cotton mills
At Wesson in full operation, and
came to the conclusion that similar
enttrpris $ should be established
in all parts of the cOttOl-gruwin4
country. We were also shONn over
the plant at Carrollton by Mr.. a.
Il. ktndle, the president OF the
company that contro the mil,
ana were struck with the feasibility
Of it's successful operation. The
building is large and roomy, lbe
surroundings are healthful aud
pleasant, and all tue conditions
that go to make good inanuiac-
turing site are there Ia abundance.
| have never seen a better opening
fur the use Of capital than this aud
other such enterprises that we saw
offer to the ma of means. | should
not look elsewhere for an opening.
Manufacturers Rec ri.