Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1895-06-06
VOL. XVII.
ANOTHER COTTON MILL.


boro at an Early Day: The Ball is Al
ready in Motion and Grows Bigger EV'
cry Hour. Let Every One Put Hi
Shoulder to it and Keep 'A-ShoVin
and A-Pushin''.
That Goldsboro is soon to have
another cotton mill-and one Oh
really big proportions and wide
spread foundation in public IN.
terest in the community is now
quite an assured fact, although
not an absolute reality as yet.
But nine-t -tenths of the work has
been done, and it only remains
for the publicspirited citizens
of Goldsboro to do the one thing
needful and the thing will be &C
complished.
The following circular issued
yesterday speaks for itself, and
contain full information as well
as the most forceful argument
in behalf of the new movement:
TO The Public:-
Application has been made for
a Charter for a Cooperative Cot
ton Mill, to be known as the
Alma Cotton Mills, to be loca
ted at Goldsboro, to cost not less
thar 500, 10000, probably $3.50,
600. Stock will be sold at S1OO. OC
per share par value, IN any
amount from one to one hundred
shares, to be paid for at the rate
of FIFTY CENTS PER WEEK
per share.
The first SO weeks payments
will pay for all necessary build
ngs, and at the end of the first
wear the mill should be in full
operation, and will help pay for
itself with the profits from the
next two years.
The stockholders will not be
individually liable for the debts
or contracts of the Company, and
the stock will not be asSesSable
at any time, either before or af-
ter it is paid up, except for the
regular weekly payments OF
fifty cents per share.
The Alma Cotton Mills will be
conservatively managed by its
Board of Directors, who will
be from the representative busi-
ness men Of GoldsborO. Its Secre-
tary andTreasurer will be bonded
in the amount Of $4,000. 90.
There are three mills Of this
kind in Charlotte, the Alpha, .
Ada" and "Highland Park
which are the same capacity as
the mill which is proposed for
Goldsboro, and which are in sue
cessful operation, paying divi-
dends to Stockholders, and pay
ing out in wages several thou
sand dollars every. week. The
alpha" Mill is running % hours
per day.
1t is believed bv the incorpo
rators of the Alma Cotton Mills
that 800 shares of stock should
be, and can be, subscribed for by
the people of Goldsboro, and te
this end they desire that every
subscriber should take as much
as they can carry.
Every man and woman II
Goldsboro should take at leas
one share if no more, Fifty
cents per week would be small
outlay, but in three years or
little more. the accumulation
would amount TO $4,000.
Respectfully,
LEON B. HUMPHREY,
For the Incorporators
The committee soliciting sub
scriptions to the capital stool
under the above plan is composet
of Messrs. Henry Lee. Sol Wei
and Leon B. Humphrey, an,
they are already at work and ar
meeting with such generous an
ready support on all sides, fror
every class of citizens, that it
safe to say that within a yer
short period the required stoc
will be made up aud the work c
materializing the mill begin.
This is a movement in whic
every citizen of the communit
should join. Let no one hol
back. Let US all go into it an
go forward together.