The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1903-05-08
INDUSTRIES.
There's No Hating in s5uth Caro-
1ina's March of Progress.
SOME INTERESTING FIGURES

Invested in SMALL Banks.
Cotton Seed Oil
Mills, Etc.
Asa rule the first quarter of the
year is not propitious FOR the Moor
pOrat tiOn Of new industries and enter
s .prises, but this year the office or the
secretary or St;lte has recorded the
organization Of very largo number
of companies which show that tie
State knows no hating in the forward
: march on the road Of progress. There
have been Il great many banking in
StitutionS set on f0ot--SOnc Of them
companies of not very large capitaliza-
tlon, but still in the licld for the up
building of small communities. The
number or small cotton seed Oil mills
is increasing SO rapidly that the situa
tion becomes almost alarming, for
fear that they will get in each Others
way and be able to operate for only Il
small part OF the year on account Of
the fact that the supply OF cotton
seed is restricted and the lig organiZa-
tiOnS will and must have seed in order
( to keep their plants running There
is as much abuse of machinery idle
as there is in m;ichinCry in operations.
it is said
There have been Il few cotton mills
organized and others which have not
reported to the SECRETARY uf state arc
being projected. AS Il rule these arc
small mills in sections not occupied
heretofore with such induSt ricS--
showing that the dcvcorcment
Of South Carolina is not confined to
one section. The most significant
fact in connection with the cotton
mill business is the tremendous
amount expended in the increase Of
the capitalization Of companies which
have been operated for some time.
The total amount Of cotton mill
capitalization this year is 81 900, 900:
cotton seed oil mills, $30S,OO0 in
light, power and Ice companies; $780,
600; and the total amount Of all con-
Germs chartered and commissioned
since the first Of the year is ST, 2S3,-
OO0
Two other great corporations have
filed letters asking for commissions
giving them authority to open books
Of subscription the Magnolia Mines
company Of Charleston, $500, 900, and
the Columbia and Augusta itailroad
company, which Shall be chartered at
an amount not TO exceed S20.O0o per
mile.
COTTON MILLS.
Chartered -tiluck mills. Anderson,
S5O0:000; ITamer mill, Dillon, 500,
900; Maple Cotton mills, Dillon, Sl00.-
900; Mctiee Manufacturing culnpany
Grcenvillc, SlO0,000: ISlQucna mill
Central, $500, 600. Total 81 .000, 900.
The Banna mill at GOldvillc was or
ganiZcd us the successor or the Gold
vile mill, $l00.000: the BaniherG
mill was rcorganiz.d d. &Il0 .UU0: tht
capitalization 81 800, 900, was organz
cd with the mills at McColl Il:
nucleues: mill at Jonesyile was or
ganizcd with the Alpha and Tie
knitting mill as nucleus, $3.50, 900
Total rcorganiZcd mills (somc VI
which had Slut DOWN, *l,S9O, 000.
Increase Of capital stock Clear
water blcachcry, $500, 900 70 $500, 600
Brandon mills, $500, 900 to l5o,0On
Liberty mills, $4,000 to :sl15.0U1
Orr mills, $40O,UG0 to $500 900
Gainesville {Ga) si5O0,oOO to $500
600. Total. 81 ,O50,U00.
The Morton Spinning company O!
Glover is being organized SlJ0,O0o,
commission issued.
Grand total cotton mills, s .09o, 900.
BANK AND TRUST COMPANIES
The amount Of money invested in
bank and trust companies has also
been astonishing The following
were chartcrcd: Home bank, LeXing-
ton, $40, 900; Bank Of Norry, Conway,
$4,000; Bank Of W alfalfa, $50, ,0UO:
Farmers bank, liclton, 500, ,000; Farm
crs and Merchants bank, Marion,
SI00,000: Converse Savings bank, Con
verse, Si0,000: Bank Of Salllila, SO
900: Bank OF Carlisle, $4,000: Ken
nedy Banking company, RlackStocks,
$4,000: Bank Of Rock Hill, $4,000:
man Loan and Trust company, Bow
man, $4,000; Bank OF Fountain Inn,
$4,000 Easlcy Loan and Trust
company, 100000: total amount Of in
cOrporated banks Si75 600.
1HCfcdSc III Cupltdilf lOll-- bitlk vi
Marion, S25 900 TO S50,000: Merchants
and Planters bank, Gatlnry, $50 900 10
$4,000; Bank OF Dillon, SD 900 to $50,
900. Total increase; SI5,00O
Commissions issued to companies be-
ing organized William Coleman &
Co., Columbia, $500 900: 'Timmonsvillc
Loan and Trust company, so 0n0:
Bank CT Springfield. $4,000. Total,
S545 ,0G0
Crank total in organized and protect
~ett banking companies. 81 ,G1.u0O.
COTTON SEED OIL MILLS.
The following cotton seed oil mills
have been chartered: Independent
Cotton Oil company, the great rival Of
the Virginia-Carolina Chemical com
pany, $1,000, 900; Fort Motto, :20o00:
Rowcsvillc, S20;00D; Lydia, 5000: West
minister, $4,000, Williamsburg so
600; Clarendon, &25.O1O; Bishcpy!lc,
S25, 900: Allcndale, So 900: Walicrboro
$25,00o; the total being $lS3,oo0 out
side OF the consolidation Of the several
companies into the independent.
In ambition TO the above the follow
ing are in process Of organza, ion:
Prosperity, $50 COG: Townvilc, So, ,0i'u:
(hmprDn goo uOD. tIjS!o. nj Mort N