The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1899-06-30
NEWBERRY INTERESTED.
COTTON MILLS AS ADJUNCTS TO
BANKS.
Addrcss Of B. II. Walker to tho Georgia
Bankers IN Convention at
Warm Springs
(From the Southern and Western
Textile Excelsior.)

DurlnS the sessions OF the late
bankers convention at Warm Springs,
Ga, al address was delivered by
Vice President B. S. Walker, of the
Bunk OF Monroe.
The address, which follows, will be
found to be replete with suggestions
we'll worthy Of attention. Coming
from Il man who is himself engaged
III the various lines of business of
which be writes, it has the benefit of
personal experience.
"There are in almost every town
in Georgia merchants who fame and
fret every time new merchant 10.
cues in their town; doctors who crit
G So and slander tho new pill roller
fresh from the medical college with
his new crisp diploma, prepared, as
he thinks, to heaf all tho diseases to
which humanity is subject; lawyers
who ponnc upon the now limb of the
law, and in sneering manner adver-
tise his mistakes in his first cases aud
predict his future in places likely to
do him harm; bankers who groan in
disgust every time they see Mr.
Whham has opened new bank
There arc cotton mill men in this
State now rolling in anguish, fretting
their lives away because they sec
now and then cotton mill projected
in somo Georgia town, and if by
chance they are appealed to for ad-
vic" hy those intending to build
mill they tell the parties to keep
their money out Of cotton mills, that
there are already too many in the
country; that those now running do
not pay and oftentimes they defeat
the building Of the mill.
81 am thankful that L do not be-
long to this class Of croakers. I am
one of those who believe every bale
of cotton produced in Georgia should
be spun in Georgia. There is no
such thing as too many mills in Geor-
gia, or in the South, 50 long as
bale of cotton is shipped to New
England or across the water. am
tired seeing our farmers selling their
cotton for $50 per bale to foreign
manufacturers and buy it back in it's
manufactured state at from $50 to
$50, the difference between the price
received and the price paid having
gone to pay freight, to enrich for
eign manufacturers and to feed and
clothe the poor Of other countries,
while our worthy poor people are
left to spend their lives in misery
and want a noble old Georgian
who has made large fortune by
manufacturing cotton said q few
day ago rs several hundred of his
operatives were passing out of his
mill: I enjoy feeding and clothing
these poor people more than enjoy
all the money l havo made.
"lf by what | shall say here today
can arouse ono dead sleepy town
to action; if [ can cause ono honest
Georgia widow, with her holplcss
children, to leave the cotton field
where they arc not making their ex-
prnscs and move to q new cotton
mill to bo built in their country town
to movo from the old dilapidated
cabin i'll the cn.ntry to the now
white cottag" in the mill village near
hy, where they will make more clear
money in one month than they made
twelve ,nths on the cotton farm,
will be delighted, and Will welcome
the slurs and abuse of those selfish
aud narrow minded men, who, be-
canso they own few shares in some
cotton mill, or perhaps hold an Office
III o'e, sill shower upon my head
their har>hest epithets.
81 am almost prepared to say
wherever there is bank in a Geor-
GA town and no cotton NIL tho bank
has not done its duty. l Will say
most emphatically the bank has neg
lected most important opportunity
Of increasing its own BUSINESS and
tho business Of every .divdual in
the community from the largest NOR
chant to the most insignificant wash
erwoman or woodchopper.
"For the truth of this assertion, [
have but to refer You to my own
town Monroe, to Harmony Grove, to