The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1896-06-03
ANDERs0N's GREATEST 0PPORTU.

ANDERS0N'S GREAIEsI VFfVhAU'
NIFTY.
The cotton mills of this tity have lately
entered into q contract with the Ander-
son Water, Light and Power Company to
take and use electrical power to drive
its present mill and the one it will shortly
erect.
TO furnish this power the Power Conn
pary win have to develop Portman Shoals
and transmit it nine miles to the city,
at cost of s125, 900 for the necessary de-
yelopment.
Last week Capt. W. L Roddey and Mr..
w. j. Roddey, Of Rock Hill, who are
largely Interested in the Power Company,
came to the cityto confer with our busi-
ness men about raising this money. At
ter consultation with DR.. S. d. Orr, the
President of the Company, Mr.. R. S.
Hill, MI. B. F. Mauldin and others, a
meeting Of The citizens was held in the
Court House on last Friday morning.
The meeting was largely attended, and
elicitsdvery general enthusiasm. Speech
ss were made by Col. J. Il. Orr, of Green
vile, Col. j. n. Brown, Mr.. w. j. Rod
dsy, Mr.. B. +. Mauldilt, Mr.. r. S. Hill
and others, warmly endorsing the enter
prise, and pointing out the advantages it
offered for making Anderson the chief
manufacturing city of the Piedmont.
FbePower Company already own and
.operate the we tera and Light plant. which
controls franchises and contracts with the
city running twenty years; the contract
for the cotton mill Is also for twenty
IEYears, and the rentals from these sources
viii assurethe Power Company an an
!7Fial income Of $4,000.
TO raise the money necessary 1t is now
proposed for the Power Company to Issue
S2C0,0t6 of 20 year 6 per cent semi.annual
interest gold bonds, with which they will
retire ss75,0o0at present outstanding, and
5expen1 the balance of $l25, 000in develop
ing Portman Shoals. With this expendi-
trre at the Shoals, some 5000 to 1000
horse power will be developed, and some
2,0O0tlansmitted to the city of the 2,a00to
Sc transmitted now, only about 400 will
be required for h milland for the Water
and Light Plant, leaving q surplus Of 600.
horse power ready torrent when the de
rnan6arises and from this sourcethe Com
paDy shclld be soonr receiving an addition
al Income of at least $4,000. OF the bal
ance developedatth the Shoals, but not now
transmitted, it will only require the ex-
penditure for electrical apparatus to land
it in the city, thus giving the Company
st least 8 600 more horse power that can
be utilized so soon as ii is demanded, and
worth, when rented, lit least $4,000 per
annum.
Sueh IN brief were the figures given to
satisfy investors Of the security offered in
the bonds. The officers of the power
Company are asking that the citizens here
subscribe for $4,000 it least. They say
If this is done, they IRE assured the ball
aace can be placed abroad. BY the terms
of the contract with tile cotton mills they
baye only sixty days more in which TO
place their bonds, SO that ifthey succeed
there is no timeto lose. AS g security,
the best business men OF the city have
endorsed them in the strouges: way they
can, viz, by subscribing for them, tive
days canvassiug having succeeded in Sc
curing subscriptions for $4,000, while
both the city banks offer to advance so
per cent. on the security of the bonds as
collateral, thus enabling every onet TO take
something in the enterprise, whether he
can pay for it o or not.
Whilst as an investment pure and sim
pie thera arc few better offering. it is in
The opportunity this enterprise offers to
our city ia make 8 great stride forward,
thatthe matter should appeal to every
business man and, indeed, to every cisi-
zen who has any interest in the city's
growth and prosperity.
At least 5000 cheap electrical horse
power landed in the city will at once at
tract capital seeking investment, will
build factories, increase population and
greatly enhanced the value OF real estate.
A man who has $1,000 worth of real es.
tataseould give $1,000 and make it back
several times. over in the increased value
of his property. A business man will find
his business in q few years more than
doubled. From being only the best ag-
ricultural town in the State Anderson
viii become the chief manufacturing
town in the Piedmont s%sction, and will
have something that will surely bring
her better railroad facilities and enable
her TO hold her position a the cotton
market of the country. In short, too
much cannot be said in behalf of the
present opportunity. 1t is the biggest
thing we have yet had offered Us, and
now it remains for us TO take it promptly
or sit down, wait for our neighbor to act,
and lose this chance as We have others.
$4,000 is not much to raise in Anderson,
especially when it is asked o. a loan. the
security Of which is u%ndoubted. But we
have not always TO consider it, and whilst
ths time Is very short the fact is very GER
tain that unless the $4,000 asked Is Sc
cured here, the enterprise will fail.
lubA tSt 0N01y OlISlAOoS "oa "NS 1@S
not done it come forward and subscribe
for all he can. It will prove the best in
yestment he ever made. Ifhe does not
wish to regard it all an investment, he
may look upon it aEI only s loan az most.
It is gratifying to state in this connec-
ton that the efforts 10 bring this matter to
a successful issue are not confined to the
officers of the Power Company alone, but
that some Of our leading and most sue
cessful business MEN have displayed great
zeal in furthering the enterprise, and q
great deal ofsuccesB that has been attain
led ia due to them.
Some Of the progressive farmers OF
Charleston County have adopted S-inch
and 81 inch tires for their farm and road
vehicles and are more than pleased with
the results Of the change.