The weekly Iberian. (New Iberia, La.) 1894-1946, 1900-05-26
The Cotton MILL

menCCd tot assumP tp I'll OF pro-
yre.sivcnek H.. Let us hole that II
will cont tue. A move. headed by
= me G obr most prominent c'tlzen''
- on fot whereby plans may tie
brought fflto proper effect to erect
first class cotton mill in our city.
The plan upon which this Ii pro.
prspd 10 be brought about Is thusIY:
1t il proposed TO raise by subScrIp
ton a capital Of 100000, divided
into one thousand shares OF TioV
each, which will he payable IN sums
Of so cents per week. just tank
\ moment of the enormous bcneht
such a plan as this will be 10 the
mau " hose earniugt are not large
enough TO pay the whole 800.
Why, 50 cents Ter week, what is
liz? There are many poor men VINO
have taken shares for the simple
reason that the payments are 40
small that even the poorest man
may avail himself Of this uncxceIl'
ed benefit. by this arrangement
the whole amount will he paid in
less than four years. Long before
thu, however, the site will have
been secured, tho buildings erected,
the necessary machinery put IN pro-
per place and the mill running IN
full blast.
Let III for one moment review
Inc benefits Of such an institution
They are inca'oulable! The value
OF pound Of cotton when manu-
featured ~ three times rs great NJ
~ 1lH raw tJdle. ihth i"oN w
shipping away from our city every
year, nearly 5000 bales of cotton
worth $40, 900, let M have fac.
tory aud ship the 5000 bales OF
manufactured cotton worth S'2o,'
600. rhis IA only one Of the bene-
fits. With large mill such "a IL
contemplated, there must necessarily
be a great number Of employees.
Now, there are many young men
and women IN our town who have
nothing Whatever 10 do. Here
would he a source of smpl tynlcrt,
whereby, an honest living coaId be
made. Some short time ago mum
Der Of young men from our city bad
10 leave their homes for some dis
t,nt point TO obtain employment.
why should they have to do thisp
With factories IN our midst they
would not fage TO. As promlnt mt
CITIZEN OF our community has very
wisely written, "Tbis won't do; let
us start this enterprise at once by
taking ~ many shares as we can
aud by the building up Of the fac
tory encourage our young men TO
remain here 10y giving them profit
allie employment u, home. thus
you cndear the town to it's inhabi-
tants.
Should the project succeed, and
we are cure II viii, with The pay
m"pt OF so cents a week II ~ 1851.
bic to get the mill IN operation with
onc-thiid Of lis epndles with fifteen
months.
We have in our midst some skep
teal people VIII, are inclined to tWn
their noses mp al every effort TO i'm
prove The community, but to sucl
we would say that they have n
possible cause for alarm. Take fol
instance the prof Of the Rice Mil
my Go. for is first year. They
amounted 10 80 per cent, why can
not any other factory or industry
do likewise? The proposed mill
will, for it VIII have the proper men
TO manage It, aud almost tie cn'ir,
community as 4 ekhoi.!ers - tack
it.
Now is the time for us 10 think
of improving oursclvos. and rnIess
we strike NOW, We shalt ueyet
succeed.
When we come TO consider th'
fact that the share list was oni,
opened on Monday last, aud that u
to SIX O'Clock last evening, 697 |
shares had teen sold, the prospects
look Very encouraging. There viii |
be meeting some tine next wetk