The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-25

| lateral as a government bond. If there is
in Georgia a village cotton mill which is
under proper management and which has
been kept up to date in all modern i'm
provemenis whose stock is not worth Tar,
do not know it. Not so, however with
some OF the mills in cities, where high
salaries, high taxes, labor unions ana
tramp labor have ruined their profits.
When these advantages which the villages
have over the cities in the manufacture of
Gotten become fully known and appre-
ciated, the new mills will all be located In
the villages and the country banks Will
prosper as never before.
But il is in the construction of the mill
that the banker can do most good for his
community, and at the same time reach a
rich harvest for himself, What can be
better for a country bank, with one OF IT'S
officers president OF an incipienl cotton
mill, than to have in its assets several
thousand dollars of subscription notes for
stock In the mill upon which one-half or
one-thrd OF the amount has been paid?
How nobly the bank can assist the strug-
Cling mill By advancing the cash or sol
vent subscription notes With the aid Of
the local bank mill can be easily built in
many Georgia town, when, without such
aid. min VIII be an impossiblity.
ITO those present who are interested IN
the upbuilding of their towns, / will say
select the very best man in your communi-
ty and authorize him TO say to your peo-
pie that the bank will advance the money
at low rate of interest on their substrip-
ton notes TO a mill after one-thrd has
been paid. You will be surprised to see
how nobly they will respond
Not many weeks ago a banker in a
Georgia town suddenly awoke to the fact
that the manufacturing towns around MIN
were outstripping his town, and he deter
mined to build a cotton mill He APP
pealed in vain to the only wealthy man in
the town to subscribe. After exhaustns
every argument and falling TO move him
to action, he finally proposed that they go
TO Monroe to see the new mill. They
came; the doubling Thomas was con-
WINGED; he subscribed $4,000 to the new
mill; others followed in quick succession,
the amount needed was soon raised. the
mill is now organized, and the man re-
ferred TO is now its enthusiastic vice I.esi-
dent. If you find such character in your
town. try that remedy on him
III you are charitably Inclined and
would mingle philanthropy with your bust
ness investments. how better could you act
than by gathering several hundred OF the
worthy poor of your county into a new
cotton mill village? If you belong to that
class who believes all the ills of the coun-
try are due to the overproduction OF cot
ton, why not show your faith by your
works, and take from the fields several hun
bred laborers and put them TO manufac-
turing instead OF producing cotton?
"A cotton mill with, 100 hands viii spin
| 1000 bales Of cotton annually, worth OF
present prices 500, 900 in its raw state, and
say $4,000 when it is spun. This force
will consist OF, say. fifteen men, twenty
five women and sixty children. In the
/ fields this force will not produce more than
300 bales of cotton. worth $1,000, while in
the mill the value OF their labor will
amount to $4,000. This is why New Eng