The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1896-03-25
THE FACTORY.
The Contract for Putting up the
Building Awarded 10 j. w. eagle
nc Graonvilla


Alta meeting of the Directors of the Abbe-
Vile Cotton Mill last Thursday evening the
contract for building the mill house OF the
cotton factory was awarded TO j. W. Cagle ol
Greenville, for the sum Of Si0,S33-the COM
pany turnishing the brick. About 100000
brick will be required, which Will add Sl00oo
to the cost of the building. The land. the
brick. and the contract will cost~aoout sot wv
The building is TO be 2ii feet by io2 ieet. three
stories high, with basement In about hall the
house. This estimate includes the mill house,
the engine and boiler house, and the STACK =.
which is to be lA feet high, and large enough
TO answer the purposes OF the mill Wnen IL Is
doubled in size.
President Klugh rendered his resignation,
ind nominated Prof. B. +. Bailey as his sue
ceSsor, and Professor Bailey Is now President.
The subscriptions have now run up 10
about $4,000, or about s. ,0OO above the charter
limit. ,,
The officers of the company will advertise
for meeting OF the stockholders, when they
will be authorized TO apply for an extension
of their capital stock 10 possibly 500, ,OOo.
The prospects OF the factory were never oeI,
ter than at present. New SUBSCRIPTIONS d. Z Z
coming in, and the people are beginning G VI
realize that the factory is TO be realty, anu
all the investigation goes to prove lhaI tne ~ ~
vestment will be good one. Ihe Proii's, ~ =
is thought, will range from ten TO Lweny PEI
cent. on the money invested; Inc co ,nV te and
ment is a permanent one, affording a saIe anu
sure return TO those who may not care 10
make business ventures. 49, e.
Another matter. Aside from the pIoIlls
which the stock holders expect TO receive from
their investment the consciousness OF doing
something TO build up the town Is worth
something 10 every citizen of Abbeville.
When the subscription list was nrst pre-
Sented to our people, they, from patriotic
motives. subscribed small amounts, as IT they
were giving to charity fund, but now they
are being convinced that there Is proht 10
be derived. and they are enlarging their sub
ScriptiOnS.
The directors are seeking further subscrip-
tions, but they do not want any man to sub
scribe grudgingly, as II he were giving away
his money. They want the money OF men
who expect to get a fair return for the invest.
ment And they have no fears that men oil
this kind will come to their aid. The citizens
who have given the factory a thought have
invested quite literally, and we have good
reason for believing that they will yet give
more.
The company Is struggling for the necessary
capital, which Is sure to come from some
source, but they regret that they have not the
encouragement and endorsement of all the
citizens OF the town. II any OF them nave
any idea that the biggest institution tnat
ever came to Abbeville can be frozen out, IL is
likely that they will find that the factory has
TOO much vitality for that Behind the sub.
scrptions of the stock holders Is zeal when
will enlist larger capital, and beyond az
that. other wise and sagacious capitalists VIII
lend their aid.
The factory is going to be built, and 1t is
hoped that every citizen of Aboeville Will IN,
vest something in an enterprise which will
yield q good return while building up The
town. AS yet we are small community, and
it Is hoped that local pride and selfinterest
will induce every citizen to become interested
in an enterprise which promises SO much.
subscriptions are now wanted, as basis OF
credit upon which TO order the machinery.
The subscriptions which are now made need
not be paid until next November, or Decem-
Der, when 1t is hoped the machinery may he
ready for delivery. Orders for machinery
ought to be made within the next few weeks
IN order TO secure 1t before christmas.
The subscriptions which have been already
made are far In excess of the money which will
pe needed for the house. What is now want
I'd is subscriptions for the machinery to make
The money.