The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1895-07-09
BUILDING COTTON Mills.
How the Co-Operative Plan Works
In South Carolina

4 s''t I-tnh NOrKs
In South Carolina
Augusta Chronicle.
Building cotton mills on the co
operative plan is IA scheme tnat is
| proving most successful in North and
south Carolina and that is doing much
TO put these two States In the lead in
the cotton manufacturing industry.
Formerly Georgia held the undis.
puted lead in the consumption OF cot
| ton by factories, but in recent wears
South Carolina has outstripped her
and to-day manufactures more cotton
goods than any other Southern State.
North Carolina, however, has pro
gressed more rapidly in'cotton manu-
featuring in recent years than all her
other sister States and South Carolina
and Georgia will have all they can do
to keep in the lead. In all three
States the progress in manufacturipn
is remarkable and the next census will
snow wonderful increase in, the
number of spindles in these three
States.
One OF the features in mill buildiup
In the Carolinas has been the co,
operative plan and it has done as much
as anything else to build up the in
dustry. This has been the scheme
particularly in North Carolina and is
now being worked very successfully
across the river.
instance of this is reported from
Columbia, and it gives promise OF such
good results that it might prove OF in
terest to Augustans since cotton man
utacturlng is such a successful indus
try here and the enlargement of plants
In and around this city is being pushed
with such enterprise.
The capital stock Of the new "Caro.
lima Mills,' it is announced, will be
Sloo,0 900 at the outset, with provision
Tor an Increase to IL million dollars.
ana 1t is to be paid in at the low rate
ni one dollar per share per month, on !
the plan OF building and loan and |
other instalment companies. 1t is de. |
signed to make the undertaking a
popular one, and one in which even |
the smallest capitalist can take part,
ana the rate adopted is low enough to |
insure that end. Small subscrip-
tlohs." it is added, are to be encour-
aged, with view to interesting
- every man, woman and child i'm Co
lumbia," in the mill, and it should in
clude practically the whole popula-
lion OF the city in its ownership ana in
Tho benefits OF It's work. Such mill
should bc of great value to the com
nunity, as kind Of savings bank with
inc wheels in it, and should prove pro
table if any mill can, VIII, ther hard
lines OF soft times.
The Charleston News and COurior in
discussing this new mill says:
It's success at SO conspicuous Il point
you'd lead to the establishment Of
more mills like it throughout the State
ma It's promoters, therefore, and for
very reason, have the best wishes OF
1T good citizens Of the State. The
lme VIII come, sooner on later. when
he small mills will have TO compete
With some of the big mills for business
+ Tor 'abor, or for public support in
INES OF strikes, panics and other
rlals. he cooperative mills, repre-
entlng the communities i'm which they ,
'ork, will be at no disadvantages with .
he cooperative mills in such condi-
ions, and should be among the sufcst
lill properties. :
lI was mildly suggested last year ,
nat there was danger OF our building
% many cotton mills. the fear being
hat South Carolina would crowd the
otton manufacturing field if it kept
r building at the rate of the past few |
ears. Twenty-Five new mills have
cen added to our list since the first OF
he year, however, and there is no
ga SeI oi bnc business being over
one. North Carolina has added 7
Venty-nine new mills to its plant in /
le same time. and capitalists and i
in New England are |
lllding several big mills. any one of ]
mon Will represent half doHrn or {
ore of our smaller ones. t
There is plenty of room in the South. /
he cooperative mill at Columbia t
lould have it's duplicate in every o
wn in the South before this time o
ext year. d