Pine Bluff daily graphic., 1903-10-28
THE GREATEST NEED
OF PINE BLUFF TODAY is a COT
TON MILL, WHICH MAY
BE HAD.
No Bonus Required, Eut Local Peoplc
Must Take Portion Of the
Capital Stock.
HOW 1T CAN BE MADE A c.

7OW IL GAN BE MADE a GJ
The greatest need Of Pine Bluff to-
day is a cotton MILL 1t is needed
much worse than more railroads, and
would be worth more to the city than
half dozen any other enterprises that
could possibly be secured.
The Graphic does not make the fore
going statement in a spirit of dispar-
agement towards railroads Or other
enterprises 1t recognizes the great
influence of railroads in developing
community and bringing it up to the
highest standards of progress. If
Pine Bluff had no railroad today its
greatest need would be railroad. Bu5
it has several railroads, and while The
Graphic desires to secure as many
more as possible, the greatest good
that can be accomplished for the city
is by securing manufacturing concerns,
and no enterprise of that character ap-
proaches a cotton mill as means OF
Increasing the city's prosperity.
n No business which could possibly be
secured could result in adding to the
@city's population and material wealth
Tin so great degree as cotton mill.
1t is true that a cotton mill costs
vast sum of money, but when the bene
y fits derived are considered it is fine
i investment The cost of cotton mill
4 is so great that most people take UP
an idea that it is time wasted to en-
ssdeavor to secure one, as the money
could not possibly be raised. But that
is a mistaken idea. 1t has been done
In other cities of less wealth and popu-
alton than Pine Bluff, which clearly
demonstrates the fact that it can be
dNne here if the proper effort is made.
OF course 100000 or $250.000 could
not be raised in Pine Bluff for cotton
mill, but sum sufficient to bring about
the cooperation Of capitalists outside
the state can be raised.
Within the past few months three
new banks, with capital of $500, 900
each, and new ice company with
$1O0 900 capital, making an aggregate
Of 100000, have been organized. In
neither instance was any unusual ef-
fort put forth to raise the desired
sum. All that was necessary was for
somebody to get people with money to
invest interested.
IA the case of the new ice company
the capital stock was taken by popular
subscription, no subscriber being al
lsWed more than $500 worth of stock.
paramount of stock sufficient to secure
aeOtton mill can be raised in the same
manner. The Graphic can place the
p4pple of this city in touch with gen
HSman who is a practical cotton mill
man. who has $4,000 to invest in cot
8Yf1n mill, and he wants to invest it IN
S0me southern city in the cotton belt
WRere a fine grade of cotton IN large
Sf755ea eantities may be had. He agrees to
Invest that sum in cotton mill in a
Nftr so situated if the people OF the
EcltY in which the mill should be bullt
3N take stock to the amount OF $l2o,'
900 making a capital stock OF S2oO,-
900
MsH one gentleman is willing to put
H76,O00 into cotton mill at Pine Blum
mhy should the people of Pine Bun
Seitate to put $125,000 into it, when
He Bluff has so much to gain from
s investment? The gentleman re
Ned to has had experience in operat
southern cotton mills, and knows
ry requirement to operate one sue
fully.
The Graphic would suggest that the
nmercial league take this matter
lively in hand Let meeting OF the
hue be called and four committees
for each ward of the city, be ap