The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1903-06-10
THE NEW FACTORY.
The Way 1t Perished for Material
Aid, and the Way 1t Died on Good.


The effort to establish another furniture
factory at Abbeville, az far as this newspaper
is In formed, has been abandoned, The Rub
soriptlon list was put In the stove and thai
ends 1t.
A subscription paper was presented to g
portion OF our people, and the result was sc
un promising that others we're not bothered
and no further effort will likely be made q,
present.
Some half dozen subscribed small amount
OF money to the proposed capital stock while
about thirty very pleasantly said that they
would give their consent, for the work 10 &c
on, and In addition, offered q considerable
amount OF kind words. KIDD words and low
but they do not build furniture fac tories in
Abbeville. With small amount OF cash and
big installment Of good wishes, 1t ia hard to
build furniture factories In these PAL ts;
walt for further developments. This editor
had no land TO give or to sell and he wanted
no office In It. He was willing to put some
IL III Ha IS .Ss
con tent TO let the whole matter rest.
AS preliminary act to the building OF the
proposed factory, an option was aecured on
lands In COSBY town." which adjoined the
could be easily had. The option extended to
the branch. The stream and the sldetrack
presented advantages which, as far as we
know, could not be exceled for convenience
water, VIII oh Of itself would be worth hum
dreds Of dollars annually in furnishing the
needed water for steam and for preserving
health in carrying away the large amount OF
waste which % ust accumulate where SO many
lpersons are employed.
To put any steam plant far from water,
where hundred operatives are employed.
necessarily involves an annual outlay OF
about $500 to keep team for drayage OF
freight and for sanitary reasons.
As to the dividends which a furniture fac.
tory would pay, we are at loss to speak def
nitely. But we have all heard Of the wonder
ful success which is reported TO have come to
the Abbeville Furniture Factory. Rumor has
1t that flfty-one per cent. was made between
the first day OF January and the annual
meeting IN May. But. after deducting fifteen
per cent. for wear and tear and ten per cent
for losses in credits, the amount or profits
was stated TO be twenty six per cent.
But the hope OF a dividend was not the i'm
peling force With US In our desire to see new
factory IN Abbeville. We expected TO help
build the Institution and then sell the stock
as we had done before, for perhaps, ninety
cents on the dollar-or less. II that amount
give ten per cent. OF our stock TO see the insti-
tuition established, and still stand ready 10
make cash subscription 10 any enterprise
where there appears to be reasonable possi.
biIity OF success.
At different times we have had stock In
nearly every enterprise that has been under
taken al Abbeville since the war. And In all
tDeSe investments We nave Drawn Out Two
dividends OF three per cent. each. We own
not dollars worth Of stock In anything to-
day. When an enterprise is established we
sell out, and then, II we have the money and
choose TO do 40, we can join hands with those
OF our neighbors who may zee a chance to
make millions In another scheme.
But We are not going to give money 10 build
q plant whIoh. from the outset, seems doom.
ed to failure. For econ nomio and sanitary rea-
sons a steam plant should be located on
stream. For reasons which need not be re-
cited. we would not seek to float stea 10 boat
on dry land, or try to sail q battle ship on the
hilltops. II, for steam purposes alone seven
gallons OF water are needed per horse power
per hour, the daily cost OF water for steam
must be something. For sanitary. economic
and other reasons q running steam is neces.
sary to secure the best results. No steam
plant on the hilltops can attain the best pos
sibe results that might come TO the same In
stitution in the valley beside the running
water.