The Democrat. (Scotland Neck, Halifax Co., N.C.) 1884-1896, 1892-07-28
SOUND ADVICE.
TAKE CARE OF WHAT YOU
HAVE.
DON'T TRY TOO MANY NEV
THINGS.
LMarrCaotn1erA, Record

of their means in aiding existing
than in reaching out
after new concerns. A thousand
dollars used to enable a factory to
extend its business will usually
produce a greater result and benent
the community to a greater extent
than three times as much money |
expended IN building up an entire
ly new plant. There are campara-
lively few manufacturing establish
mcnts III this country that are san |
to their full capacity, the reason I'D |
Q large proportion OF cases being the
lack Of sufficient capital. This is
particularly true of the industries
in the South, and the fault lies
largely with those who induced the
location Of the manufacturing es-
Establishments as aids to town devel-
opment. There has Geen, and still
Is, an unfortunate ambition among
town development companies In
the South to secure large and varl.
ed assOrtments of industries with
little regard to their financial
strength and stability. Many OF
those who havd secured the estab-
l!shnGnt Of new Industries IN
Southern towns or the transplanting
OF old ones have considered their
object accomplished when the
wheels begin to turn and the goods
60 Oh the market. Then they start
on 4 hunt for another new concern.
We have in mind several painful
Illustrations OF this mistaken policy
III the shape of towns that have q
NUM- or OF well-huilt and we'll
equipped factories, large enough to
support 9 good working population,
but all Standing idle COR lack of the
lubricant without which their
wheels viii not turn-money. All
the capital OF the manufacturers,
all the funds of the towns-people,
expended in establishing the largest
possible number of factories. and
nothing lett for operating capital
IL" show CT industry has been
male ii l30t of numerous eStah-
H.-nmcnt,, out it Is show only.
What credit to d town Is there in \
lot Of itlt mills, or a large number
with capital and business sufficient
only fer Il few? Mere numbers
count f1E nothing save t. bef00l in
D0Ceu~ investors in town lots whC
are reliant upon what they see in
print only. II is vastly more tC
tAr "f@.llt and prosperity Of any
community to have one well-manag
ed factory, > It'll capital sufficient
tor It's needs and all the business
il "3p|IitE Will admit. than t.
hA0- ten manufacturing establish
m"UtE cunning on part time and
h@Ddt~arprd Ivy insufficient capital
III proceeding the industrial de
vr}pnntnt If any town The estab
liShmput Of an irdustry suiteti tt
IT, o.a'lnn \ the first step of i'm
p"ItHuCr Ih"n, instead of and
tnCjvavOT to secure another indus
tlv, the next step is to see that the
one first established has capita
enough 10 conduct It's business |.
m"neN Is needed by this concern it
l. Tar wiser to put DEVELOPMENT
funds there than III second estab
lIshmcHt, with a chance that boil
Will he rIipled by lack of means
1t II .just at this point that so man.
promising towns have been stripped
OF ali their possibilities, because
men have failed to realize that it il
bette TO be sure OF what you hav.
THAN 10 Tlsk 1t for the unceI taintle.
OF something you have not.
!heIe are very few manufactur
ing establishments in the Soutf
thar could not double their buslnes.
by incten>lng their capital, say 2:
PEI cent. TO start another similar
Concern i'll !G~Iness, however, woulC
require al amount of capital equa
to that employed by the first, anC
til, Ii uclthcr would have reached
the limit Of its capacity. Let u
assume = concern with a capital @
100000 With $4,000 added the
business could be doubled and a,
mnca accomplished for the com
munity as by the expenditure O
100000 IN another plant.
\ word Of advice, then, to those
who al" seeking new industries fol
Scout he(u towns, Before YOU Offer
d".iat 10 any new enterprise Sc.
t" Il thaG tie Industries already ex
lst'ng III your locality have all the
caDiT3l they can uSp tn advant,ro