The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1892-04-07
THAT COTTON FACTORY.
A Timely Article on the Subject
Something for Our Moneyed
Men and Property Owners
to Think About and Act
Upon.

Enron HENDERSON GOLD LEAF.
Utaf ,>ir:-Solnc time ago ! learned
through your paper that some man up
North. who OWLS a large cotton NH.
proposed to move his plant to this
place L our people would icad him
s3j. 600 Che cost Of said rcmOVal), to
be secured by first mortgage on the
plant. which, by estimate. will be
worth about 50, 0G0 or 800, 900. |
have heard nothing more from it. Is
it because the people did not under
stand the proposition OF believe 1t a
myth. that 10 notice has been taken OF
it,
] feel deep interest in the prosper
itv OF the town though | have no prop
crty here, and This feeling prompts this
letter. History teaches that nothing
50 builds up town as manufacturing
enterprises. nothing brings industrious
population 50 fast and so surely, moth
inc 50 enhance. tie value Of real estate
50 surely as those combined. Then
is it not greatly to the interest OF the
property holders Of Henderson to use
| their efforts to bring about these re-
suits, even if at the expense OF COM
bining their capital and building up
such enterprises: | have looked INTO
| the proposition and find that If accept
ed, it will prove not only blessing to
| the town. but paying investment to
those who lend the money. There ls
capital here eeeking good investment.
Agricultural lands no longer afford a
certain and desirable security, and bust
| ness property in actual use paying good
relts is gradually growing less because
Of the shortage in business.
| understand it will cost s35, 900 to
buy the land, construct the factory
| buildings and move the machinery and
set it at work, the whole plant COM
plcte being worth at least SO 900. most
likely $4,000 He asks the loan OF
80, 900 and proposes to pay interest
and secure the payment of the loan by a
first mortgage on the whole unincum-
bercd plant This seems to be Il
reasonable offer to the capitalists OF our
town. | am informed that the mill
has 5000 spindles, and will work go
regular operatives beside. necessary
extra labor, these securing at the end
Of each week at least $500 each to say
nothing whatever Of the wages of
foreman, &c. making at least l.5oO
per week. in cash turned loose among
the labOrers and consumers Ofthe place,
or about 5000 per annum. This
money, every cent, would pass into
business and it alone would greatly
help our mercantile interests.
Again, these operatives must have
homes as well as supplies, and Of
necessity the saw and hammer must
be heard all over the town, land will
enhance and rents advance.
This Industry Will bring others. The
spun yarn will make knitting factory
Il necessity, and soon some of our
empty tobacco buildings will be heard
to hum with busy industry. Popula- |
ton will come. Houses must be built !
This will start up the saw and plan
inc mills. We are told that man can !
not live on bread alone. | say that a
1t will give the town II boom. that will |
attract ana hence draw all manner or !
trade. Such start now would put |
Henderson in the forefront Of North .
Carolina towns it would bridge us over
the chasm Of depression that atfiicts the
whole country, and place us on the
nigh road to prosperity, and whether
We have electric lights or not the beams
rom happy, prosperous faces will dis
pei all darkness. | think this one Of !
The flood tides to Henderson's prosperity.
Shall we launch upon it, or shall we
simply watch the receding waters and .
lost opportunities. Sup !
pose, MI. Editor, you call q meeting of
the citizens of the town at some apprO- !
pirate time and lets discuss this matter. !
No harm can be done, but much good .
may grow out Oft.
Yours truly.