The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1899-11-22
sn IDLE dollar Not 30 with bank

IL
the spring Of the year
Another great advantage to a
country bank in having cotton mill
In its care, e the fact that the stock
owoed by the citizens of the town
and farmers near by affords such ex
cellent collateral Stock in any Of
the mills l have mentioned, ia as
good collateral as government bond.
If there is in Georgia village cot,
ton mill which under proper manage.
ment, aud has been kept up to date
in all modern Improvements. whose
stock is not worth par, do dot know
it Not 80, however. with some OF
the larger mills in the cities, where
high salaries. nigh taxes, labor unioss
and tramp labor have ruined their
profits When these advantages
which the villages have over the
cities in the manufacture of cotton
become fully known and appreciated,
the new mills will ali be located in
villages and the country bank WILL
prosper as never before
But it is in the construction OF the
mill that the banker eau do the most
good for Els Community, acd at the
same time reach a rich harvest for
himself What Gao be better for a
country bank, With ooe Of its cf5cers
president of 40 iocipieot cotton mill,
than 10 have 10 ITS assets several thou
saod dollars of subscription notes for
stock in the mill on Which oue-balf, CT
one third of the amount has been paid Z
How pobiy the bank can assist the
struggling mill BY advancing the cash
oa solvent subscription notes With
the aid of the local baok. mill can be
easily built in many Georgia town
when without such aid a mill will De
ao impossibi;ity-
To those present who are interested
10 toe upbuilding of their towns |
would sag, se!ec, the very best mao 10
your community aod authorize bin to
say to your people that the oaok Will
advance the money at low rate OF
interest oo their subscriptions to mill
after ope-tbird has been paid. You
will De surprised to see how oobly they
will respond
Not many weeks ago, banker il
Georgia town suddenly awoke TO the
fact that the manufacturing towns
around him we're outs5ripplog his cwo
towo, and determined to build cotton
mill He appealed 10 vain to the ooly
wealthy mau in els sowo to subscribe
After exbaustiug every argument sod
falling to move bin to action. be finally
proposed to 60 to Monroe to see the
pew mil They came The doubling
Thomas was Goa vinced be subscribed
S15, 900 to the neW mill others fol
lowed 10 quick succession, ADD the
amount oeeded was soon raised The
mill is DOW organized aud the mao
referred to is it's enthusiastic vice preSl
deots II you fad sue4 character 10
your towo, try this remedy ou him.
If you are cbarisably inclined aod
would mingle philanthropy With your
business investments, how better could
you act than By gathering several
hundred of the, worthy poor of your
county into new cotton mill village! !
If you belong to that class who believe
all the ills of the country are due to the
over production of cotton, why not
show vour faith BY your works aud
take from the fields several hundred
laborers aud put them to manufacturing
co.tor instead of producing it.
A cotton mill with one hundred
bands will spin one thousand bales Of
cotton aonaily worth at present prices
S25, 900 10 its raw state and say 800,
900 after 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 500 bales of cotton worth s.. 800.
while 10 the mill the value Of their
labor will amount to $25,0oO This is
Why New England is rich aud the South
poor Will you not think of this aud act?
Do not hesitate because coal is high.
and you have no convenient water
power Georgia pine wood at 81 25
cord beats coal at 81 per too. With
the new improvements for economizing
fuel. a steam plant on railroad is
better ,han water power four or Eve
miles from shipping point
Fifteen years ago there lived 10 the
small town of Griffin merchant of
only moderate means, who was badly
afflicted with that dreadful disease,
nervous dyspepsia Forced by tie
hand of disease to abandon his store.
he decided to build cotton mill
After weeks of anxious soliciting ne
could raise only $4,000 With this
call hoo;nninr hook al nm hv fho