The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1896-03-18
THE FACTORY.
Progress il Being Made-The Enter.
prise Grows in Public Favor.

A few of the stock holders of the Abbeville
Cotton Mills met in the Court House last
Thursday. MIR: Aug. w; Smith was called 10
act as secretary. The Hon. VIM. II. Parker
made a minute statement OF the affairs OF the
com pany, after which the matters were dis
cussed. In conclusion, additional subScrip-
tions were asked for, and in the aggregate the
stock holders increased their subscriptions to
the amount OF $3.50
Smith, G. a. Visanska, l.. w. White, b. r.
Bailey and Benz. 5. Barnwell was appoint
ed TO call on the citizens for increased sub
scriptions. .
making progress without money, but they
have done well, even under embarrassing cir
cumstances. When the company was organ
lied, and the directors elected, they had not a
dollar and none of the subscriptions were
due for six months. The zeal of Il number OF
the stockholders was such that they pala III
advance, and thus enabled the directors 10
buy the land, and TO have brick made. Iney
have paid the first installment on me plans
and Specifications, and now owe notnluS eN-
cept little balance on the bricks, whlch ti pai,
ance is held back until the brick are c2unleu ti
and accepted. They now have several 'hou'
sand dollars in bank. ,.,, .,,o
money in bank, does not show the StIenstm oi
the factory. The ability ana the ue,er ..a IN i.na
tion of the stockholders is the greatest po"e,.
They nave had Just enough disc0uragement
IN Stimulate them TO greater eXertlonS anu 10
make larger subscriptions.
The subscription list is perhaps as good
one as was ever made. Ihere Is an eAceeuiue
donbt about collecting, and the stockholders
as A whole will double, or more than double,
their subscriptions. The payments have been
first class. Every man seems deslrous of do
ing his duty.
Among the men who are able and willing to
spend and be spent for the factory are Messrs.
q. A. Visanska, or P. Rosenberg Co. They
,1,l
said, will make their subscription $4,000 IL
necessary to make the enterprise success.
Prof. B. +. Bailey increased his subscription
last Thursday from 81 600 to 81 OOO, and 1t Is an
open secret that he contemplates Increasing
his subscription to $4,000:
C. P. Hammond q 60. increased their SUBJ
scription from 81 sou 10 $1,000.
Itis understood that Judge Cothran Will In
crease his subscription from $1,000 to $1,000.
DR.. G.. A. Neuffer doubled his subscription.
The Hon. w. H. Parker increased his sub.
scription from 1000 to 81 800. D..
Mr.. b. S. Barnwell Is good friend to- the
factory. Like others he doubled his subscrip
Lion, and now has subscribed $4,000, Instead of
Mr.. ]. c. Klugh will double his subscription,
and others will do as these gentlemen have
done.
Judge MCGOWAN has increased his subscrip-
ton from 5000 TO $4,000.
Mr.. w. c. McGowan has Increased his sub
scription from 81 900 to $500.
AlQ DINERS WHOSE names we CduuO uOW Ic-
call, have increased their subscriptions.
The increase to the capital stock within the
last week has been about $1,000 in money.
We mention these facts to show the deter
mination OF the company to build the mill.
The subscriptions have reached point
where doubt can no longer exist In the mind
of any.
The stock holders feel that they have safe
and profitable investment. All the investiga.
ton into the mill business goes to satisfy
them that there will be generous return Tor
their money, and SO assured are they OF this
fact that they are going 10 put more money In
II. The first object Of the in Vestment Is TO
get good return, and the second object In
and vanity of the Individual In the con.
sclousness of the fact that he has done some
thing to build up his town, aud furnish profit
able employment to those who need 1t, while
creating better market lor cotton. Every
factory town Is q better market because OF the
existence of cotton mill.
Let those who have money to invest aban-
don any idea that the factory people want
any charity money. They do not want IT,
What they want is, for people who have con,
tidence In the enterprise TO come forward
with the cash TO invest for the profit that
there is in 1t. The mill company are trying
TO build a 100000 mill, and they have not
enough money 10 do IL, but they have impllc
IL faith In the wisdom of the course and the
profitable return for any outlay which may
De made in its erection.
The advantage OF an investment like this
Is, where so much money is put, the best and
most practical business men will be put In
charge OF the various departments, and the
mill and the profits will run forever, pay Ing
! d lair dividend TO It's owners.