Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1897-05-26
ROCK HILLS MILLS.

While over in Rock Hill last Saturday
representative of The ENQUIRER goi
some definite information as to the "trou.
bles'' of the local cotton mills.
According to some of the numerous ir
responsible and more or less ridiculous
rumors that have been in circulation fol
sometime past, especially since the un'
fortunate Globe mill was put into the
hands of receiver, the Rock Hill mills
generally have been in a bad way. AS
the result of conversations with response
BILE and reliable business men who are in
position to know, and do know exactly
what they are talking about, The EN-
U1RER is in a position to tell some
what different story.
That the Globe mill is in a pretty bad
fix, financially, is.true. Nobody seeks to
deny the fact. AS the situation is to be
seen now, those who went into the enter
prise originally made mistake. 1t will
be remembered that the machinery is
second hand, and at the time it was pu,
in, was old and badly worn. But the
mistake of those who put up the neces'
sary money to get the mill in operation
etc., was principally in their inability to
foresee the present depression in the price
of goods. At that time the mill was able
to run at a reasonable profit. A large
portion of its capital, however, was bor-
rowed, and to pay heavy interest charges
with inferior machinery in season OF
depression like the present, has been
rather Too great an undertaking. Still,
when the situation begins to brighten up,
as everybody believes it will before q
great while, it will no doubt be found that
its affairs are not nearly so desperate as
has been generally supposed.
The case of the Standard mill is very
different. 1t has been making money
all along, and it is making money now.
The application in the United States court
last week for the appointment of re-
ceiver, turns out to be more than any
thing else a piece of spite work. The
mill owed some money to a chemical
concern. There was slight misunder-
standing as to terms and amount, etc.
When the matter was Strengthened out to
his satisfaction, President London sent
his check. By the next mail he received
a letter acknowledging the receipt OF the
check, and in the papers of the following
day, it was announced that the chemical
dealers had applied for the appointment
of receiver. The circumstance was
something that the mill men could not
we'll understand, and as the result OF q
telegram threatening a suit for $4,000
damages, the chemical dealers were glad
to stop proceedings and called it square.
AS to whether they will get off at that has
not yet developed. The Standard mill
has on hands goods to the value Of many
thousands of dollars, it is right now run
ming on profitable contracts, and as one
of the gentlemen from whom THE En-
QUIRER gets it's Information, says, "it is
not only not 'busted;' but it is not going
to bust until you see the cotton mills
and other enterprises generally in this
country going down like row of blocks"
The Rock Hill factory is shut down for
the present, and with the exception of a
probable short run of 10 days or such a
matter, will likely be shut down for the
next three months. But the significance
of this fact is rather different from that
naturally attributed by irresponsible ru-
NOR. This mill commenced operation IL
years ago, and much of its machinery is
old and worn. The power arrangement
is also antiquated. With comparative