Pine Bluff daily graphic., 1903-11-17
k-,opT OF FAYETTEVILLE COM
m,TTEE ON SOUTHERN COT
TON MILLS.
D,a,. Fayetteville Offers One Ad
vantage For Mill Pine Bluff
Offers Many.
AFTER FOR BUSINESS LEAGUE

a
mort of the committee appointed by
|e Fayetteville association to visit
l. cotton mills of South Carolina for
|o purpose of collecting information
determine whether such a mill
build pay at Fayetteville.
|Where Fayetteville offers one ad-
lntage for cotton mill, Pine Bluff
fnrs MANY. and the Commercial
Ague at its meeting Wednesday night
! II probably take some immediate
It;on f, secure the mill which has
keady been offered to the city. The
hort cf the committee is in part as
blows:
/ I'VE have spent twelve days making
lis investigation.
EyervWhere we met most cordial
ception. We had no trouble in Sc
. ring mass of valuable and interest
. facts and figures. Business jeal-
sv among tne mill presidents is I'M
{awn and these courteous gentlemen
emed to take pride in exhibiting and
blaming the workings of their mills.
The South Carolina cotton mills
I've grown up within the past twenty
bars. Twenty years ago the state
ID only eighteen cotton mills. A re-
brit issued by the state in July, 1901.
lowed that she had 1876. representing
investment Of 35,3S1 500 AS the
Ills have been increasing at the rate
twenty year. the e arc n1w about
% mills in Soath Carolina
In all the mill communities the
esidents spend money literally TO
ovide comfort and protection for
e operatives. AS a result Of this
oad-gauged, beneficent policy. he
Dst amiable relations aXIct between
|pital and labor Labor rsanza'toas
e unknown. AS class the c.'e9a-
les are happy and contented. and
bny of them are laying up modest
Ink accounts.
Are the mills paying? We salts
ID ourselves thoroughly that the
Ills of Carolina are prosperous. They
e making good cloth and good divi-
lnds. From various stockholders
learned that every we'll managed
IL is laying up solid surplus in
dition to declaring s to 10 per cent.
hual dividends.
From mill president we learned
It he made last year si6,000 clear
mill capitalized at 100000.
everywhere we saw new mills in
Pcess OF erection and old mills dou-
lg their capacities. Capital would
go into such investments if the
mess had not been found profit
e. South Carolina now stands next
massachusetts, as cotton manu-
urlng state, and if the present rate
Increase continues it will in twenty
RS lead the Union.
III the business be overdone? We
no reason why the cotton spin
I business in the south should not
ease Tor many Yeas to come.
BUSINESS cannot be oXerd@ne until
lhe cotton grown in the south IS
ufaeJhed in the south.
ne south raises four-fifths OF the
ph cro' o. the world, and has only
'ooe sfndIes. If England finds
F"h1abia to send subsidized ships
dlelca and take the raw product
sS lhe Atlantic ocean to the fac.
we see no reason why the mills
ie COTTON belt should fear over
uction.
t mill presidents cf Carolina do
0"i over production, as they were
- 10 extend helpful information
~ US IN building our proposed
e demand for manufactured pro-
is greater than the supply. There
''er 100000 900 splndles in the
The United States has only
''oo' af these. The laws of trade
81 the cheapest manufacture of
'ooities' and our country has so
natural advantages for the COM
'i operation of factories that
can be no danger of overprcduc-
Nhen overproduction comes 1t
at the expense of the mills in
~ IN our country for many
- come there IS room and cp-
10y Ior indefinite expansion.
ansas and Carolina conditions
iea' A profitable industry in
I'D may not succeed IN Arkansas
Pe OF different local conditions
'ilihlttee, therefore, made a care.
NY OF comparative conditions in
10 determine whether cotton
ls IN Fayetteville would pav as
IN Carolina.
@ judgment the main factors