The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-01-25
On 10 shares ($100O S. per week

or ABOUT SZU per montn.
On 25 shares (s2500) $3.50 per
week or about $50 per month.
On so shares (S5000) S25 per
week or about 500 per month.
In organizing a company each
subscriber for stock makes the pay
ments as above indicated either by
the week or by the month.
On the basis Of subscriptions ag-
gregating one hundred thousand
dollars there would be paid into
the company in each year about
twenty-five thousand dollars.
With this amount of money the
buildings could be constructed and
paid for in the first year. Inside
the second year one-third the ma
chinery could be purchased and
put in operation. In three years
from the time of organization it
would be usually entirely feasible
to have the entire plant in opera
tion with some debt, which could
be paid off as the installments
were paid in the last year.
A capital Of one hundred thous-
and dollars will build 8 mill of
about five Thousand spindles and
two hundred looms, which would
furnish work for about one hundred
hands. These estimates are only
given for the purpose of conveying
the most general idea. There are
infinite conditions that might valy
any one of the items given, and
therefore in each special case the
general result might be. different
according to the cost OF materials
and the kind Of product desired to
be made.
The illustrations and general
data are taken from mills that have
been built on the plan herein dis.
cussed.
1t goes without saying that the
quickest time in which the capital
can be accumulated is the best. L
subscriptions can bs procured on {
basis of two dollars per Week pei
share, thus making tb6 capita
payable in, about one wear, this
would be the next best thing tt
having the money subscribed sub
ject to call as it might be needed
Next to the rate of two dollars pc,
week, then one dollar per weel
would be desirable. Then follow
SOC per week and 25c per week.
The last-named rate, while i
has been proven practicable in tht
case of the Alpha mills, is undesir
able if the subscriptions can posi-
bly, be got to SOC. per week o
more.
The plan of fifty cents per wee
has been the most popular one
and it has in all cases worked well
the result having been dividend
paying manufacturing plants.
The completion of a mill ma
always be hastened beyond wha
could be done with the ordinar
income by borrowing money t
complete the mill at once and the
paying this money back as it i
paid into the treasury in install
ments by the stockholders
Wherever this has been cone tn
mill company has commonly mad
notes which have been made Sc
cure by Endorsement Of the diret
tors. For this reason it is desirG
{ BILE to have a set of directors who's
responsibility is well known.
Some mills have been built
however, by simply investing th
money as 1t came in from the men
|, bers and while this is somewha
slow, yet when the mill is finish
ed and in operation it is usual
, so much property ahead for tn
stockholders, for it usually repre-
f sents money that would not hav
been accumulated at all, excep
for the obligation of the stockhold
ers to get together and save S
much money each week or month
BY the means of this plan an
ordinary town ha. within itself tn
resource to establish cotton fac
tory. And besides establishing
factory the company is PRACTICAL
savings institution Tor the pee
pie. Regular and systematic sa,
, ing is probably the best Of a
means to accumulate money an
at the same time encourage spil
it Of thrift and cooperation anon