The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-09-19
ATTENTION, EVERYONE!
people Who Will be Benefited by the
Building of Cotton Mill.
70 the Statesman:

Building OF cotton Mill.
To the Statesman:
While the cotton mill it is proposed
70 build in Austin is a substantial busi-
ness investment with every opportunity
before it for good profit as the result
of its operation, and while the enter
prise appeals directly to every business
man and to every business woman on
that ground alone, yet there are many
wholesome advantages outside of the
direct profit TO be derived which should
not be lost sight of by the citizen who
has the interest of the community at
heart.
The establishment of cotton mills at
Austin means the almost immediate en-
hancement of real estate values The
. owners of vacant store houses on the
Il Avenue and Sixth street and elsewhere.
. as also the owners of vacant dwelling
i houses in all parts of the city, and per-
4 haps, most of all, those who have placed
their faith in large tracts of suburban
property are very seriously and vitality
interested in the success of this enter
prise, whether they realize the fact or
not. The effort to establish this mill
will demonstrate two important points
lOl LIZ lily VI Auollu. Il lTSI us TO
whether the citizens are willing and
able to make an investment in the in
dustry for which their town is best
adapted of $150,000 about the smallest
amount for which cotton mill could be
prottably built; and second, if the stock
is successfully raised whether the oper-
alton of the mill will show that there is
the profit that is claimed for it in the
successful operation of cotton mills.
All property owners alike are interested
in the solution of these questions. If it
is proven that cotton mills can be made
highly profitable in Austin many more
mills will be established in the near
future, and nothing will feel the benefit
of the enterprise so quickly and so fully
, as the real estate, which in other sec
sstions has shown an advance all the way
from 90 to 500 per cent as the result of
the establishment of cotton mills.
Next to the owners of property,
perhaps the merchants and bankers
should derive great benefits from the
initial enterprise for which our city was
bonded and for which the dam was
built. A $15O,O00 cotton mill means
from 800 to 1000 more people, and con-
sequently more goods consumed, more
exchange used more money put in cir
culatlon. The successful operation of
a $15O,OOO mill and the showing of prof
its ranging form 10 to 20 per cent.
(Which experience shows can be prac-
ticallly expected means the establish
ment of enough cotton mills, yarn mills.
rope mills and other mills of different
classes to use the balance of our sur
plus power. We have enough power to
spare to run 40 such mills, so that the
possibilities of the enterprise can only
be guessed at if our merchants and bank
will only chow foit in,
The professional man, too must real
ize that whatever is of great benefit to
the merchant and the banker is ulti-
mately money in his pocket, and that
whatever is of direct benefit to the COM
munity is of great benefit to him.
The contractors, lumber men, as well
as the clerks, laborers and the large
body of our citizens perhaps appreciate
more than all other classes in the commu-
nifty the advantages to acrue from a new
enterprise. Even the much abused
money lender land he is quite numerous
in Austin) will be largely benefited by
the proposed enterprise, although public
opinion generally has it the other way.
But, as matter of fact, money always
commands better rate of interest where
/, there is business activity. The invest
Ameht in cotton mills showing a good
profit would be such drain Oh the money
supply in the community as would at
once increase the demand for money and
make a safe and more profitable field
for it's investment in loans. There are
many of our money lenders who are men
of enough business sagacity and foresight
to appreciate this propOSitiOn and who will
doubtless be heartily in accord with the
enterprise.
But equally with our citizens there will
be great benefit to accrue to the owner
of property within reasonable distance
from the city, the small and the large
farmer. the man who raises supplies for
dwellers in the city. He will find direct
benefit to himself from the improved
market for his products and very
marked advance in the value of his prop
erty.
The committee having in charge the
taking of subscriptions to stock i'll the
proposed mill intend to give every citi-
zen an opportunity to subscribe to the
stock. and there is hardly anyone i'll the
CITY having steady employment who is
not able to take at least one share of
the stock. thus making himself factor
in building the initial enterprise in our
CITY. If there is such thing as civic
nride amongst us, if there is real, earn
est desire with our people to make their
CITY the manufacturing town OF the
South, our citizens, property owners
bankers, merchants, contractors, iuni,
bermen, la.arers and everybody VIII ali
work in accord with the commlttee u
Law the corner stone OF our prospeliy'
nrosnectus of the proposed mill is
now heinq printed and will be ready for
oenaroI distribution in few days.
THE AUSTIN BOARD OF TRADE.