The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1892-04-14
LONE STAR COTTON PICKER
AN ENTHUSIASTIC MEETING OF
STOCKHOLDERS AND
CITIZENS.
Reports of President T.. y. Gurley
and Secretary seth Turner-Stock
Increasing in value Machine
Nearly Perfect Resolutions
Adopted.

A number OF resident stockholders
of the Lone Star Cotton Picking Ma
chine company and others met last
night, in pursuance to the call of Col
E. j. Gurley president, at the Board
of Trade rooms for the purpose Of
hearing the reports of the officers to
the financial condition of the com.
pany,
Col. R. b. Parrot was elected chair.
man and called the meeting to order.
Mr.. Seth Turner was then called
upon and addressed the assemblage at
some length as to the progress being
made, and expressed his perfect conf.
dence in the machine, in a,short time,
being recognized as the greatest inven.
ton OF this or any other age. He com.
pared the progress of the Lone Star
Cotton Picker with that of the Marsh
harvester, the Mccormick reaper, the
Howe sewing machine, the Bell tele-
phone and many other of the most i'm.
portant inventions we now have, and
showed, conclusively, that in point of
rapid progress, the cotton picker far
exceeded them all. Twenty. seven
years alter the first reaper was made
the machine was yet not as near per-
feet as the Lone Star Cotton Picker is
to-day. Inventors of the most won
herful machines have been consid.
cred fools and crsnks aud
had persevered under the
most adverse circumstances till they
succeed. The history of Howe is worth
relating. He managed to get hold of
$500 with which he built a machine
and gave an exhibition OF its work.
He succeeded In sewing five seams
quicker end better than five ladies
could by hand; yet no body would
back him with money. In one of his
trips he had to leave his wife's cloth
ing behind, because he hadn't the
money to pay his wash bill. Bell,
walked around Boston all summer
thirteen years ago because he
couldn't sell telephone stock enough
at 6 cents on the dollar to buy new
one. He predicted from the phenomi.
nal success already attained in such a
short time, that the cotton picker
stock would in short time equal that
of the telephone. He said that the
patents were all right, about 200
already having been secured. Some
parties had found fault with the com.
pany for not building greater mum
Der of machines last year. We should
profit by the experience OF others anc
not put too many lmper
Geot machines on the market. Marsh
Bros had built 400 harvesters and by
hard exersion was only able to keep
of them in operation and after addinl
many Improvements built only 40 TO
the next season. There has been n,
machine in the history of the cour tr,
that has made such rapid progress an,
with as great economy as the Lon
Star Cotton Picker and the time vii
soon come when you will appreciat
the work that has been done.
Col. f. ]. Gurley was next Gale
upon and reported the financial cond
ton of the company to be first class
giving the total amount of capita
stock, the amount of cash realized b
the sale of stock in 1890, the amour
subscribed in Waco and Chicago, tn
amount of stock still unsold and tn
value of real estate, buildings, me-
chinery, etc. in Waco, He ezpressC
the firmest confidence in the success {
the enterprise. He said iu
Their that under the presel
management that the oompan
would never go in debt; that the sma
stockholders would be taken care {
aud not allowed to be frozen on
Enough stock had been sold 20 get ii
company out of debt and place he
upon her feet and more would be sol
to carry on the business.
DR.. Brown next spoke enthusia
ticalJy of the work of the machir
as witnessed by himself and ID
! Sears. He said that 1t picked the co
/, ton cleaner and better than the nC
groes at work in the same field di
, and that he was willing to sign stat
ment to this effect.
Mr.. James b, Baker made sho
speech and was lavish in his praise
the work done by the achine. t
= expressed himself as pc tly statistic