St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1899-05-20
About Cotton Mills.

About Cotton Mills.
Taking up the subject Of building
! cotton mill in West Point, ! cor
OF the Leader writes the
following:
The 6rst consideration OF the
business men Of any community IS
the profits OF the investment.
According to good authority the
cotton mills OF North Corolina paid
last year 20 per cent and in some
instances 80 per cent; and when
the few failures in this business is
considered. it is simply remarkable,
not over two per cent.
This is the only industry that
passed Though the panic OF 1898,
and through all the business de-
preston since, AND uniformly made
profits. Such = showing ought to
commend itself 10 any business man
OF West Point.
The attractive feature about cot
ton milling is the fact that there
is no danger of over doing it in the
South. The economic necessities OF
the times are forcing the mills to the
fields, and the South is, aud will
soon push her goods into I'LL the
markets OF the world. and offers to
undersell her British aud New En-
gland competitors. Our Southern
mills are selling shirtings. sheetings,
ETC., over the counters OF Boston
cheaper than New England COM
petitors can manufacture the goods.
This is the factory age Of the
South, and it will be essentially
the golden age for our producers.
wage workers and men Of enter
prise.
The writer has it from good au-
thority that the Crown Cotton Mile
OF Dalton, Ca, and the Tyron Cot
ton Mill At ryrou, Ca, declared :
dividend Of 40 per cent last year.
Why not West Point do IS well a.
any other point in the South! She
possesses everything favorable 70
cotton manufacturing. Every vii
lage and town IN the South and It's
immediate neighborhood can con-
struct . mill, and one mill leads to
the second, or IN enlargement OF
the frat very soon.
West Point has the raw material
in marked degree, brick, clay,
lumber, coal near, and operatives
ell over this country wanting work,
and one Of the duties or those most
favorable is ~ furnish employment
to the unemployed. The best plan
10 do this where accumulated capitol
is scarce. is undoubtedly by system
attic saving.
As money is accumulated in =
building and loan association for Tue
purpose OF building houses, SO it
may be accumulated By monthly
payments for the purpose OF build
ing cotton mill. This plan is in
no sense critical or experimental.
Quite ) large number have been
built is this way by monthly pay
ments. There are sveral plans Of
payment, but the most feasible is
the following:
One share 500. 50 per month.
Two 200. ..... A
Ten :. 1000. 20.
BY this plan it enables any mer-
chant, clerk, mechanic, farmer-in
fact nearly every one can take
stock. And all will be directly or
indirectly benefited.
There are very few business men
who can take any considerable
amount Of money out OF their business
and put 1t in some other enterprise,
but IN this way, say ! merchant
would subscribe for Is shares. pay
ing out $50 pc. month, at the end
of, say. forty months bis stock will
be paid up, $500, and scarcely
feel the outlay.
Shares in = cotton mill can al
ways be used AZ collateral in banks.
Benefits arising from this plan for
building cotton mills are far greater
than building aud loan associations.
Cotton mills give employ ment to
. class OF people who arc simply
Give them employ
ment in = cotton mill and they be-
cone producers. Cotton mills are
permanent and tue dividends ana
employment to laborers are lasting.
Secretary Wilson, Of the agri-
cultural department, is about to
start tea crusade. He insists tea
can be grown successfully in the
United States, and he will lend his
energies to the erection of a new