The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1892-02-04
THE FACTORY QUESTION.
An Erstwhile New BiFminghamer
Wants to Invest dis Savings.
SrEELBoRo, Texas, Fe

SrEELBoRo, Texas, Feb. l, 1892.
10 the Editor of The News.
Gentlemen-I haye made 1t d pub
lie matter that | shall moi devote any
more time or money to the building
up factories in this iron ore section
where shotgun rue" and pistol toters
dictate terms.
have spent two years time and a
large amount of money to place the
iron ore before capitalists in the
North and England, and had just ne
gotiated for the first $4,000 to help
erect a 80 ton furnace, but to devote
further time and money in a section
where the shotgun would destroy all
things at moments time will be left
for those who prefer such sport.
| am manufacturer of large ex-
per,ence and the last sixteen gears
have been devoted to the Southern
trade; for the last three years | have
been New Birminghamer and lost
some $4,000 in booming that place
and am willing to put in what | can
save f.om the wreck into a series of
factories in some good city in Texas
There is nothing from some cen
trail located city representing in Texas
what the manufacturing cities of Mo.
line, Racine, South Bend, Springfield
does in the north and within less ter
ritory.
The capital to start these manufac.
tories need not be large and could
successfully compete with those of the
north in quality of goods and in
prices. The manufacture of wagons,
chilled plows, cast plows would give
employment to many thousand skilled
mechanics and build up the value of
real estate as we'll as to ship the goods
from the north to Texas and make
their property valuable through
money received from this state.
AS a basis to those that desire to
help start series of factories l sug.
gest the following:
The sum of $500 be deposited into
fund to take up the amounts invest
ed out of each wagon as sold. The
same percentage from sales Of plows.
The amount invested in buildings
and machinery to bear reasonable
annual interest until the operating
fund is taken up, then the same
amount set apart to take up this in
vestment.
/ have list of some 10000 of the
best farmers in Texas and from let
tiers received there are large num-
Der ready to take stock in these facto-
rles to receive the output at reasona.
BILE prices.
Then there are some two thousand
merchants in various country towns
that would take certificates with cou.
pons that entities them to our goods
at fsctory prices during ten years.
This explanation is sufficient to any
business man in your city that desires
to see a series of factories established
upon a safe basis of investment and
of funds without future
injury to the output of the factories.
The cities named heretofore are not
in the iron belt of the north, but in
the agricultural section and the loca-
ton of factories in the agricultural
part Of Texas would not prove detri-
mental from that point of view OF be
used as an argument by the iron ore
investors. was called first class
fool by my friends in Tenn. for NOV.
ing my factory to Texas and | dislike
to go back after loss OF nearly all of
what brought with me and if there
is any city in Texas that will take any
interest in establishment of factories |
will join syndicate for this purpose.
Respectfully yours,