The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1899-04-14
HOW INDUSTRIES Can 81
ESTABLISHED.
Plan for Hickman and Fulton
County,
A Cotton Factory Discussed

ike Investments, chiefly because
they are grounded in the idea that
such Investments are safer and at
tended with less care. There ls
lt,ie nr no chance to attract such
capital Into manufacturing enter
pr,ses. though such may promise
large profit.
The same is not only true Of
uIcsman. hut relatively of all the
towns aud communities through
out The Sonth; and ye, the whole
South, nearly, is booming with
new life and prosperity, and near.
ly altogether through new facto-
ries and industrial institutions.
+ Aud these factories have been
started and operated by the com.
I hined local interests of the com
munlty.
What the merchants need liz
more buyers, aud what the farmer
needs il more consumers for he
( products he does. or can, raise.
! Aud these interests are answered
only through industries employing
men and women. For, after all,
the greatest capital in any com.
mnDity is the employed labor. In
hundreds of communities through
out the South large cotton fsctO.
ries have been established through
capital subscribed in weekly and
monthly installments for a term Of
years. Thus in the aggregate pro.
ducing q large cspital-s50,O 900 or
100000 and by report such have
been made TO pay good dividends.
Our people have an exact illustra.
ton of the plan in the successful
| operation of the Hickman b. q
L. Association for 10 years past.
During that time the Hickman Il.
& L. Association has loaned large.
~ more than 800, 900, and 1t has
paid promptly and on demand all
liabilities and good profits; and
every cent Of 1t has been raised
by monthly payments. The same
plan has been prOfi'ably used in
establishing and operating facto-
ries in hundreds Of towns in the
South, Of late years, and for many
years in the Eastern States.
| Following out this line of thought
/ it was found that with one hundred
dollars par value they could be paid in
/ full as follows: % At the rate Of one
dollar per week per share the par value
would be reached in little less than
| two years. (2) At the rate of fifty cents
per week the time would be little less
than four years. 81 At the rate of
| twenty-five cents per week the time
would be little less than eight years.
Each of these plans of payment have
been tried at Charlotte, n. c., and in
each case the result has been success
full.
The plan % of fifty cents per week
per share, 1t transpires, is the most suit
able tor all ordinary cases and places.
At this rate the following would be the
regular payments for about four years
on share $500 5OG cts week or 81 per month.
on share. 5oOj 81. 5Oper $40 q" "
"A
ON 25 " (25ooj 1880 L" 50 I"
In organizing company each sub
scriber for stock makes the payments as
above indicated either by week or
month.
On the basis of subscriptions aggrega.
! ting one hundred thousand dollars there
would be paid into the company each
year about twenty-five thousand dol
/ lars. With this amount of money the
| buildings could be constructed and paid
/ for in the first year. INSIDE the second
/ year one-third the machinery could be
bought and put III operation. In three
years from the time of its organization
it would be usually entirely feasible TO
have the entire plant in operation with
some debt, which could be paid off as
the installments were paid in the last
year.
A capital of one hundred thousand
dollars would build IL cotton mill of
about five thousand spindles and two
hundred looms which would furnish
work for about one hundred hands.
These estimates are only given for con
veying the most general idea. There
are infinite conditions that might vary
any one of the items given, ana there
fore in each special case the general re-
suit might be different according TO the
cost of materials and the kind of pro-
duct desired to be made.
The condition necessary In this
community for such an enterprise
to be successfully operated is for
six or seven men Of known good
judgment, honor and Responsible.
ty to take the lead, incorporate a
company, with guarantees of no
vacilating management, and it can
be made a success from the begin.
ming. The great advantages to
the merchants, farmers. working
people, aud the whole people, il