The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-11-16


core Of industry. the manufacture Of cot
ton. wood articles and tobacco. of . varied
line of other collateral branches OF in
dustry which in themselves would mean
the gathering here of a large and thrifty
population.
In this matter Of varied ndus,rie Greens.
boro. in this early stage of her great devcl-
opment is particularly fortunate. The cit Y
Is dependent upon no one or even two lines
Of manufacture for her present or future
growth. There are in the city forty-two
distinct, diversified manufact uring plants
including cotton, tobacco, shoes, trousers
and overalls. CARPETS. shirts. furniture
bobbins. cornice work, shuttles, wagons
and carriages.
The carpet factory here puts out an
nually 1000, 900 yards OF carpets and ia the
only carpet factory at present south of
Philadelphia. although there is no reason
why this industry should not flourish in the
South, and there is GOO d foundation for the
belief that in the very near future 1t will
flourish here
BLAST FURNACE TO ne STARTED.
Another great industry which for sew
eral years lay dormant. in which Abram
:. Hewitt Of New York is said To be inter
ested, is about to be started up here. That
Is the blast furnace Of the Empire Steel and
Iron Company, put here because of Greens
boro's exceptionally fine facilities for iron
making, owing TO its central position with
reference TO supplies of lime, coal and iron
ore. This is the only blast furnace at pres
ent in the State q North Carolina.
In the category of Greensboro's great
manufacturing industries in the textile
line there is not TO be forgotten the larges,
canton flannel mill south OF Mason ana
Dixon's line, with an output OF 27.0OO wards
a day. There is here. besides, the largest
cotton finishing mill in the State. a large
plant devoted to taking the cloth just a.
II comes from the factory, putting the
finishing touches on it and putting it up
in bolts ready for shipment to the counter
of the wholesale dealers. Cotton from
mills from a wide distance around comes
to this factory for treatment
OTHER INDUSTRIES
And. in addition TO the above nentione q
industries here. there are saw mills. cane
mills. two foundries, canningIworks. q win
dowshadelfactory, and a number Of other
concerns that produce things for which
there is constant demand and in the maxi
ing of which there is a handsome profit.
Indeed, the profits that have been made
and the little fortunes that have been ac-
cumulated here within short time are very
alluring to the man with little money
to invest
For instance, in the furniture and wood
working business three young men few
years ago invested 81 600 each, and on this
capital Of 50 600 pocketed for several year,
dividends ranging from rs to i5 PER cent .
One year they were entirely burned otit ,
but they rebuilt al once and even that year,
including their loss over and above ins,ir-
ance, TO say nothing Of tie loss through
the idleness incident to rehablitating the II
plant they made profit for the year on
their investment of 10 per cent. They
sold out recently for $72 ,Ooo
Such stories as this are heard frequently.
Littl" fortunes thus quickly got together
are commonplace events in the history of
Greensboro within the PAST ten years
And in considering what has been done here
it must never he forgotten that 1t all prac-
tiCally has been accomplished within "a
decade, or within dozen years AZ the ont =
side
THE OLD AND THE NEW
Ten years ago Greensboro as YOU landed
at the railroad station and looked up South
Elm street, the principal business thorough
fare. was about a. desclate a looking
proposition a. one would care to see. To
begin with, there was the station itself n
typical old-time Southern shack II sold
for $50 within the past three years, was
carted away and now fine new brick sta
ton that would not disgrace a city of Is 600
or 100000 inhabitants takes it, place.
II cost $4,000, this new railroad station
here and II may he added that more rail.
road tickets are sold here every wear than
ut any other point on the line of the South
ern Railroad between Washington and
Atlanta.
so. starting at the old ramshackle rail
road station situated down in a little din
just at the beginning Of the stretch Of I'm
dulating ground on which Gen. Johnston :
army was encampcd NJ the time Of thc
surrender In 1895 and looking northward.
what did you see when you landed in Greens
boro ten years ago.
Looking northward, up the street, YOU
saw reach Of mud If the weather were
wet and a streak Of dust il il were dry.
stretching away for distance Of about
three long New York avenue blocks TO
the old court house up on the hill On
each side of the streak of dust or mud were
scattered at wide intervals little, low shan
ties with here and there stone and a sub
stantial frame residence or 30.
LITTLE FORTUNES IN REAL ESTATE.
What lots were worth then on this main
business street Of Greensboro there i,
no means Of knowing. for nobody ever
wanted TO buy any. Only few years ago
you could have got about all you wanted
at from $50 to SIS the front foot. whereas
now you would be lucky il you got foot
anywhere in that stretch of the street for
$3.50 or $500 the front foot.
And, by tho way, there have been some
tidy sums OF money made In that same
street in real estate transaction within
very short time back. One piece q
property. for instance, was bought less
than five years ago for $4,000. The owner
sold one lot Of 35 feet front for $500, an
other lot of 10 feet front for 81 900 and a
strip OF the back for 81 600, and he has
got enough left to bring him at present
prices tho amount of the original cost,
If not more.
He would have been lucky man who put
few thousand dollars into real estate in
Greensboro. Ten thousand dollars so in
vested would have brought him a COM