The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1895-10-08
IT is DOUBLED.
THE THREE HUNDRED AND FIFTY
THOUSAND DOLLAR MILL
CERTAIN.
Progress In the Building-Ready for
the Painter and Glazier-The Fac
tory Wilage-What Was Done
Mt Tuesdays Meeting.


The stockholders of the Lanrens Cot.
ton Mill have decided to increase the
capital stock Of the mill from two hun.
dred thousand TO three hundred and
fifty thousand dollars.
Not many months gone the average
Laurens man would have fouted the
idea that such q mill would be built in
Laurens. Once it seemed that Lau-
rens was not and would never be in the
mill building business.
But 1t is settled now. Already q
splendid four-story structure crowns
the big hill in the angle of the Laurens
and Newberry and p. r. &c w. g. rail-
roads, in the eastern part of the city.
1t is a handsome and substantial build
ing, designed to meet all the require
ments for the production Of cotton
goods, by the best and most economical
methods known to modern manufac-
turing. 1t is daily nearing completion.
1t is the simple truth to say that one
may stand by and see the walls of the
engine and boiler rooms rise before his
| eyes.
1t is wonderful sight, the scene of
industry at the mill move-everything
moves at the Laurens Cotton Mill, and
under the constant watch of President
Lucas, the motion Is like clockwork.
The roof Is on the building and the
floors are laid. In a few days the CELL
ings will be completed. In a month
the painters and the glaciers will have
finished their labors. When the ma
chinery begins to arrive on November
18th, there1l be no wait. The house
will be ready for it and it will be
promptly put in.
Before the closing days Of the winter
the clash and the clatter and the hum
will begin, and a column of black smoke
will pour from the mouth Of the 100
foot stack. The mill will be In opera
ton. Anew yards farther to the east,
the hills will be covered with village
of neat cottages. The ''town"has been
laid out and the construction OF the
cottages commenced.
THE INCREASE IN CAPITAL.
1t zane about in this a The man
agement Of the mill. being sensible
men, understand that the bigger the
mill, the cheaper, proportionately, can
it be operated. The investment of
5000, 600 was sufficient to convince men
with money that it is intended that the
Laurens mill snail make money. 1t
was therefore thought feasible and
good policy to put in as big q plant as
possible. Comparatively, it will cost
little more to place engines and boilers
for a $3.50, 600 mill than for the $500, 900
mill. 1t will cost relatively little more
to officer the larger than the smaller
mill. In short, the principle of "di-
vision of labor" makes the profit to the
investment vastly greater, the bigger
the plant.
Anybody then can see that the in.
ducement to take the new stock Is much
stronger than it was to take the old
stock. For with the enlargement OF
the mill it is certain that the stock
will earn very much better dividends.
Knowing this, and knowing that it@as
practical to increase, the company
promptly determined to do so.
THE MEETING
OF stockholders was held at IL A. M,
last Tuesday, in Mr.. N. B. Dial's Of
flee. Over 1000 shares were repre-
sented. Capt. Albert Dial presided,
and DR.. ]. P. Simpson was secretary.
On Motion of Mr.. w. Fl. Martin, the
increase already stated was unani-
mously resolved upon, subscribers to
the new stock to come in on the same
terms as the original takers. The lat
ter, until November 1st are to be al
lowed the privilege of taking the new
tions) in preference to outsiders. The
first installment on the new stock will
not De called in before Jan. 1st.
No doubt remains that the additional
stock will be subscribed with alacrity.
1t is generally understood that the
progress already made in the enter
prise has been remarkably O
aging and satisfactory.
THE BUILDERS.
The fact that Laurens will have her
big mill Is due mainly to the ability
displayed by the gentleman who has
been chosen president. Few men
could so have impressed investors in
the putting in of a plant as to encour-
age them to double its size before oper-
ations had begun. So far as THE AID.
vERTISER is aware, there is no parallel
to this In the history Of cotton mills in
South Carolina.
Great credit in the building of the
MILL Is also due to Mr.. II. s.. Chadwick,
of Charlotte, N. c.. the engineer and
architect. Mr.. Chadwick Thoroughly
understands mill building, and what Is
better, he knows how to design q good
building, suited to its purposes, which
will not cost a mint of money. No
young man in the country Is doing
more for mill construction in the South
than MIR. H.. s. Hardwick, and it has
been largely through his efforts and
influence that northern capitalists have
become interested, not only in the
Laurens mill, but in various others
throughout this section.
Mr.. Oscar Smith, Of Minneapolis,
Mimi, came last week to- attend col
| laua hnra EIa x,n a of,lHrx 1890