The Dawson news. (Dawson, Ga.) 1889-current, 1895-01-16
now TO GET A C0TT0N Factory

them bad. How to go ABOUT this ousl-
ness will be seen if you put on your
thinking cap and read this article. What
has been done in our sister states can be
done in Georgia. All that is wanted is a
man. or set of men, 70 take hold and do
something.
Having shown the advantages OF man
ufacturing cotton in the south and the
benefits a town derives from having
cotton factory, the next important step
is how to get the factory. Every one is
aware of the lack Is capital in the south,
and how difficult it has been to induce
foreign capitalist to invest here. There
fore we must rely on ourselves, must
unite for our general good. The old adage,
Gin unity-th is strength" fits our case.
There is a remedy for this want of capt.
tai, as there is a remedy for every evil, If
we will only look for it. In this case the
remedy is the installment plan, as is
more fully shown in the following cor
respondence to the ThOmaston Times;
To build, equip and operate plant of
5000 Spindles and 200 looms, and allow
go, 200 for working capital, will re-
quire 100000. Placing the capital at
100000, making the par value of shares
500 will make the number of shares
1000. These shares are to be paid for
by the payment of so cents per share per
10 M
share is paid in full.
This will require 200 weeks. Each
stockholder is furnished with a pass
book, and each weekly payment is
recorded in it. When the stock is paid
I'D certificates are issued in place of the
pass books.
ANY one can hold stock and as many
shares as they desire. Men, women aad
children, rich and poor, all have the snme
privilege, and will find it an excellent
savings institution, and at the same time
assist in building up their own town.
There will never be any bonds issued.
Neither any mortgage placed on the fac
tory. 1t will be home insti tuition
managed by and for the benefit of home
people. How will we get the factory
by these small payments per week?
The number of shares are 1000 The
weekly payments are so cents, giving
weekly income of $500.
AS soon as all the shares are taken Or
genization is perfected by the election of
officers and the payment of the first
weekly installment of so cents per share.
Now, as we have an assured income OF
$500 per week, we can let the contract
for building, for we can pay the contrac-
tor as fast as the work is complete d.
When the buildings are completed we
have paid for them. These buildings
would cost $12, 900 or $751; 900. The next
thing needle is the machinery and motive
power. Having the buildings erecte d
and paid for, and still having an assured
income of $500 per week for ITO weeks,
our credit is established, and Ve can
buy all the machinery we need on 6, 8,
IL and Is months time, paying for it
from our weekly income. In months
from organization the factory can be
built, equipped and operated. The plan
is feasible, practical and will prove
successful.
This installment plan has not been
tried in Georgia, but in N orth and out
Carolina it has been in operation or s
years, and every m 0nth new factories are
begun on this plan. Moreover, they
have been SO successful as to require
additional machinery. Want of space
forbiGs naming these factories and t he
history of their success. Fearing so me
one may doubt, | will state that in
North Carolina four can be found in
Charlotte, one at StatesVille and four in
Salisbury. Five years ago the PEG pie
of salisbury thought that they could
not raise enough money for cotton fac
tory, so resorted to the installment plan.
The result of the first effort was S7O,
600 factory, and now the town has half
a million dollars invested in factories.
Now IS the time to build the factory
to be ready for the next cotton crop.
Shall we have it? Shall we avail our
selves of the opportunity, will we prove
ourselves men equal to the emergency,
or hold back like children crying "we
can't?"
Heaven helps those who help them
se!yes.''