The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-08-24

~ one Of the leading representatives Of
the cotton business in the South. 1t has
been continuous success until now the
number of bales handled reaches the
grand aggregate of 10000 per annunl.
with no limit as yet discovered to it's
future growth under the same intelligent
and experienced management.
Besides the general headquarters in
Wilmington and the offices i'll Charlotte,
n c.. and Augusta. Ga. there are
eighty branch offices located mt conven-
lent places throughout the two Carroll
mas and Georgia. In the prosecution of
the immense business some one hundred
and thirty people are given employment
in various capacities
Mr.. Sloan by long experience and
thoroughly systematizing his business is
enabled to offer to interior dealers better
prices for cotton than can be secured
elsewhere Cotton is not different from
any other mercantile product, it seeks
the most profitable outlet and it is sim
ply a question of dollars and cents as 10
who buys the staple. Whoever offers
the best prices gets the cotton. The cot
ton business, as every other business in
these days of competition, has to be done
on small margin. and If a few cents
n bale can be made. and ten times as
much cotton is handled on small mar
gin as with a greater margin, it can be
appreciated that it would be better to
handle the bulk and multiply the profit
This is one of the secrets of Mr.
Sloan's success, and "A strict adherence
to this principle has made him the larg-
est single Individual handler Of cotton
in the South. He has reduced the cost
Of handling, such as compressing and
shipping, to the minimum and is there
fore in a position to pay better prices for
cotton than most dealers
Mr.. Sloan has the distinction of repre-
senfing George III. McFadden 4 Bro, Of
Philadelphia, the largest cotton firm in
the world, and enjoys their confidence
financially and otherwise.
Wilmington is the principal export
point and the lines of chartered steamers
center here The location of the Will
mington Compress and Warehouse estab-
lishment, right on the wharf, affords am
pie and superior facilities for compress
ing and shipping, being perfect IN every
detail and arrangement.
This great business was not built mp
in a day. To write n record of its
lightweight years of history would he
to write history Of the growth and de-
velopment of the cotton business in tits'
South. Mr.. Sloan has been intimately
connected with it for more than twenty
years and when he succeeded To the EN-
tire management Of the business eight
years ago he had a firm foundation upon
which to build for the future. He de-
serves much credit for the mastery man
ner in which he has guided the for
tunes Of the establishment mailing it Il
prominent factor in the commercial
world and one Of the principal sources
from which the great and steadily III
creasing foreign demand. and also tn
demand for numerous mills III the Caro-
linas and Georgia, are supplied with cot
ton The Charlotte Bonded Warehouse
Company Of the Charlotte branch, j. the
best warehouse in the State. ana
from this point an especially
large business is done III supplying cotton
for domestic purposes.
Such is brief outline Of the business
that has done so much to make North
Carolina prominent in the cotton mar
kets Of the world. With ample capital.
experience and energy, backed with
thorough knowledge Of the business, Mr..
Sloan is prepared to meet all COMPETE
ton and the wish of the writer of this
article is. that may be the celebration Of
the centurys birthday Of the business
but mark the beginning of another and
even more prosperous century's exist
ence.
He-"For some time past | have
been thinking
She-sOh! / wondered what was the
cause of the strange look upon your
features | had never seen it before y