The times. [volume] (Richmond, Va.) 1890-1903, 1898-03-11

on account OF the limited demand As
a result contiguous farm lands have
doubled and trebled i'm value. j know
of some instances IN the vicinity or
these mills where lands which were form
erlv worth from g. 20 So per acre. are now
worth from $50 90 500 per acre. An
other Improvement. which has come with
the cotton mills. has been a. tendency TO
do business on a cash basis. which was
impossible under the old conditions
The First National Bank of Rome,
Ga. says:
"The labor supply IS abundant and that
of the very best hOmo-raised class. There
is no question on this point. and mills
contemplating locating i'm thls section
need have no fears. The effect of the
large distribution of money 10y the mills
to the operatives. ana for mate
rial is felt I'm almost every dlrec-
ton. in that the usual summer duI trade
which is the natural condition OF Wl
cotton planting countries is hardly ieil
al AN. regard both physical aud moral
conditions OF the operatives I'M our mills
as improved and improving. Ample
school and church privileges are peihs
provided for them"
Mr.. G.. y. Evans. cashier NJ the bank
of Reidsville, Reidsville, y. c., says
The general effect upon our commu-
nifty bv the introduction OF cotton manu-
featuring has been most beneficial We
lind our mercantile interests Increased .
trade is more stable. and every encour-
agement is given for the protection ana
promotion OF such business. Inc MIL
has employed largely a class of peopl,
who we're unemployed before. no"
they have steady employment ana seem
satisfied. Labor journals. strike organ
iZers. and even labor organizers nave not
troubled this section as yet
AIR l. IA. McAden. president of the
Merchants and Farmers National bank.
Charlotte, who is also toi''" i'''"-
flcturer, says:
9TH, cotton mills u our section OF tht
South are doing well now The general
business of the country has been great
w benefited by building cotton mills ANA
giving employment to labor. our labor
Is content and happy, earning siIcl,h i
wages to live more comfortably than me-
fore they were employed IN tn' mllls.
The developing of cotton manufacturers
has crafty increased the mercantA' pl7-
mess and has enhanced tho Ndiu' "i
farming lands within radius OF many
miles around each plant. tf also has "a
tendency 20 diversity farm products As
"a manufacturer OF cotton goods. 30 ar
between capital and labor in mills is on
the most satisfactory basis in this coun-
try"
4 number of other business men write
fn a similar strain. The only one or all
the letters received taking an opposite
position Is from Mr.. Jacob Phinzy. pres-
ident of the Georgia Railroad Bank or
Augusta. who. although stating that the
retail trade of the community has h'rn
increased by the erection of cotton mills
and the community in general benefited.
adds:
But do not think IL has enhanced the
value OF country property. nor have the
mills in any way been N benefit to the
farmer. 1 believe that it would Doe the
best thing for cotton manufacturing that
could be- done not 10 build any more new
mills or make any more cotton mill ma
chinery for the next ten years
A letter from Columbia :. g., referring
10 the bonded warehouse enterprise for
handling cotton as detailed in the last
issue Of the Manufacturers Record. gives
particulars Of a warehouse of this Kind
that has been i'm operation in that city
FOR the last two years. The operations
are reported as very successful and 49,
having proved OF great value 20 the cot-
ton mill interests of that city. enabling
the mills 10 carry cotton. securing money
direct from New York at much lower
rate of interest than could Doe bad from
local institutions This cotton bonding
warehouse feature u.s. therefore. shown
not 10 be- an experiment. but "a demon
strated fact.
Turing the week a number OF industrial
enterprises have been projected through
out the South. and the list OF new build
ings. including churches. schools once
buildings. depots. etc, has been unusually
long. Among the more important INDUS
trial enterprises announced were "a S-''-
900 shingle mill company AZ Noble. m"
enlargement Of an electric plant an MONT
gomery AT a cost Of $4,000. ID $1,000 sew
erage contract at Tampa a <l'.vD iur-
niture factory at Dublin. Ga; $1,000 Ice
factory ar St Francisville and a J'-ton
ice factory at Donaldsonville. La
$1,000 compress and warehouse company
at Natchez, Miss. a furniture factorN
and 7-t0n ice factory az Brookhayen.
Miss: $1,000 clothing factory al Cor
9TH .ud a 5000 cottOnseed OIL mill 90
Yazoo city: a $1,000 clothing factory and
a $4,000 pump works company az Char
lotte. and the organization Of "a company
10 develop 20Oo0 acres Of mineral lands
In Western North Carolina; a. 5000 spin
die cotton mill al McCon :. C.. and a
50 600 electric light and water works en-
terprise at Rock Hin. 5. c., io-ton Ice
factory az Terrell. Texas: a 60-ton ice
factory at Norfolk. Va. the purchase of
$500 acres OF timber lands in Southwest
Virginia for development, and the con-
struction Of short lines OF railroad. the
buftlfups ~ savxTnitls etc