The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1903-09-30
SHAREHOLDERS
HELD MEETING.
Ware Shoals Owners Were
in Session.
GOOD REPORT MADE.
Everybody Pleased With
the Progress.
GOOD REPORT MADE.
MIR. Richards Of the Southern Railway
was Present-PrOspect Fayora.
BILE for Railway.

WARE SHOALS, Sept. "a The an.
nual meeting of the stockholders of
the Ware Shoals Manufacturing Com
pany was held at this place today. A
nice barbecue was prepared by the au.
thorities of this place and largo
crowd OF people came in from the
nelghooring towns and country to en-
JOY The interesting incidents OF the
day.
In beautiful grove near the banks
vi the river, which is destined to be-
come the park of a busy city, was con.
s'ructed large arbor. This place was
early filed with people and DR.. w. II.
Jones, presiding, first introduced Col.
N. B. Dial, who, in few concise sen.
tences stated the object of the meet.
ing Then Prof. j. -. M. Beatty
textile department OF Clemson College.
who was present by invitation of the
directors, addressed the audience upon
the beneficent effects of the develon.
ment of the manufacturing possibilities
upon the prosperity of our country. He
made 1t evident that it is to the inter-
est OF every country and consequently
profitable to every Individual of that
community for is people to manufac-
ture all OF their raw products and ex.
port only finished materials. A glo.
rlous South, we will have, when this
idea is carried into effect.
Mr.. G. T.. Shand, who has been as.
sociated with this enterprise from the
beginning as chief engineer, made a
short spse ech, in which he talked of WA.
ter-power in general and this water
power in PARTICULAR. Among other
statements proven by the use of CON-
paratlve figures he declared this TO be
the best water-power in the South and
the most easily and cheaply developed
OF any he has ever known.
MIR. Nj. V. Richards, Industrial
Agent of the Southern Railway. was
present to confer with the Directors
about the building of our necessary
road and when called upon spoke of his
surprise and qualification at the great
advancement of tho work at this place
ana assured the stock holders that he
would IN Ike favorable report to his
company that might enable us to have
road within the coming year.
Congressman j. II. Johnson made a
short speech and then the hungry
crowd enjoyed tho barbecue.
There was we'll attended stock
holders meeting in the afternoon. Col.
N. b. Dial male statement of the
progress of the work under his SUPER
vision and his report WAS accepted as
information. The former board of di-
rcctors were reelected and are as fol-
lows President and Treasurer, N. B.
Dial; L. II. McGahan, w. b. Smith
Whaley, j. o. G. Fleming, j. T. John
son, w. Il. Gray and w. r.. Richey.
According to the report of the Presi-
dent, the subscribed stock of the com
pany is now $150,000. The amount of
money expended up to the present time
has been relatively small, and the
1t the progress of the work here.
The brick for the mill building are
all sde, and have been placed on the
grounds at cost of 80 80 per thousand.
The brick-making is going on for the
other buildings now.
A false impression has been made
upon the minds of the public in regard
TO the expenditures Of the company.
There has bfen only eighty per cent Of
the local stock called for, instead of
eighty per cent Of the whole as some
supposed. The other or foreign stock
is reserved for the purchase of ma
chinery.
All Is we'll with Ware Shoals.
M, E. o.
Have you seen WilliamsOn's now