The Daily Texarkanian., 1899-01-30
NOW FOR A COTTON MILL.
Enterprise Inaugurated on Building
ASSOCIATION Plan.

r.
Shreveport Mutual Building and
Loan Association at their Office last
night, a number of gentlemen COM
posing the board of directors, had
an informal discussion as to the
propriety and wisdom OF taking up
the matter of organizing a stock
company for the erection Of a cot
ton factory in Shreveport.
Mr.. Jules Dreyfuss presided at
the meeting and Mr.. JOAN Tab, t
acted as secretary.
Mr. Hargrove made a brief state.
ment of the results ofhis trip, and
after mutual exchange of opinions
it was unanimously agreed that the
work should begin at once, for
which purpose a stock subscription
was opened for shares of 500 each,
payable so cents per month, aud
every one present signed the fol-
lowing agreement:
We the undersigned citizens OF
the City OF Shreveport, being firmly
impressed with the Importance Of
establishing cotton mills through
out the south, not on'y as a profit
able investment but also as means
Of obtaining better prices for the
principal product of our country, Of
increasing our population, thus
lowering our individual taxes and
furnishing employment for a great
number of people, and, believing
that the same can be accomplished
with more certainty on the building
association plan, 1t having proved
successful in other southern states,
and guided by our twelve years ex-
perience with the Mutual Building
Association, now an acknowledged
success, possessing as it does assets
amounting to more than $500, OGU,
we hereby agree to take the num-
Der of shares set opposite our
names, it being understood that
said stock is to be pald IN weekly
payments not to exceed so cents
per week.
We further agree that when a
reasonable number of shares are
subscribed to we will attend gen
eral meeting for the purpose of adj
opting charter and bylaws
The Times is indebted to Score
tary Taber for the encouraging
piece of news which will be received
by every loyal citizen of the great
and growing city of Shreveport
with intense satisfaction, since it
chronicles the drawing of the new
progressive industrial era for which
our people have so long hoped and
prayed,
The plan proposed is an entirely
safe and prudent one, as has bet n
demonstrated beyond the possibil-
ity of doubt by the experience of
the gentlemen composing the
Shreveport Building and Loan AS
ISOLATION. 1t augurs well for the
enterprise that the same gentlemen
composing that association, and
who brought it into existence and
made its phenomenal success pos
sible, are taking the lead in estab-
fishing the first cotton mill in
Shreveport. 1t means certain and
unlimited success, such as has been
attained in the Atlantic coast
southern states,
The popular subscription plan
such as is proposed will enable citi-
zens of limited means throughout
the city and parish to subscribe to
the stock Of the company Fifty
cents per week means but trihe
over So per month, or $26 per an
aum, an Investment that can
easily be made by ordinary laboring
men, as we'll as capitalists Amy
man, who has earning capacity can
save that much of his salary or
daily wages and scarcely feel il,
Most of them spend much more
than this amount on trAes aud uD-
necessary things that could very
we'll be done without Shreveport
Times.