The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1903-05-08
OUR q INDUSTRIES.
There's No 1Ialttns in South Caro-.
1ina's March Of Prog ress.
SOME INTERESTING FIGURES
Grn.irying s.ror,s as I" the Amount
Invested in small Banks.
Cotton seed OH
Mills, Etc.
Mills, Etc.

Mills, Etc.
AS a rule the first quarter OF the
year is not propitious for the ncor-
poration Of new industries and enter
prises, but this year the Office OF the
secretary OF state las recorded the
organization Of IL very large number
e Of companies which show that tie
State knows no halting in the forward
march on the road of progress. There
have been great many banking in
stitutionS set on foot--somc Of them
companies Of not very large capitaliZa-
tion, but still in the field for the up
building of small communities. The
4 number OF small GOTTEN seed oil mills
is increasing SO rapidly that the Situa-
tion becomes almost alarming, for
fear that they will get in each oLlicrS'
way and be able to operate for only !;
small part of the year on account Of
the fact that The supply OF cotton
seed is restricted and the big urganiZa-
tionS will and must have seed III order
to keep their plants running. There
is as much abuse oi machinery idle
us there is in machinery in operation.
it is said.
There have been a few cotton mills
organized and others which have not
reported to the secretary uf state arc
being projected. Asa rule these are
small mills in Scc,ionS not occupied
heretofore with such industries
showing that the dcyclorcment
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 uf companic, which
have been operated for some time.
The total amount Of cotton mill
capitalization thi, yea is 1000, 900:
in banking institutions, il ,095, 900: in
cotton seed oil mills, $30S, 900: in
light, power and ice companies, $780,
600; and the total amount Of all cOn-
Germs chartered and commissioned
since tho first Of the year is 81, 2S3,-
900.
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 Railroad
company, which Shall he chartered at
an amount not 10 exceed S2o.nU1 per
mile.
COTTON MILLS.
Chartered -tiluck mills. Anderson.
S5OO;0O0; IIamer mill, Dillon, 500,
900; Maple Cotton mills, Dillon, 800
900; NlC(ice Manufacturing cons pany.
Grcenvillc, SlOO,O00; Islquena mill
Central, $500, 900. Total 81. 900 900.
The Banna mill at Goldvillc WAS or
ganiZed as the successor OF tho Gold.
vile mill, $1,000 the Rani,erg
mill was rcorganiz,d Sl40 .U00: The
Marlboro Cotton Mills company,
capitalization 81 800, 900, was organiZ
cd with the mills at McColl as
nuclencs: mill at .lonesvillc was or
ganiZcd with the Alpha and tllt
knitting mill rs nucleus, $3.50, 900.
Total rcorganiZcd mills (somc ul
which had slut DOWN, 81 500, 900.
Increase Of capital stock Clear
water bleachcry, 100000 10 siuO.ou0
Brandon mills, S30U, 900 to l5O, 900
Liberty mills, $4,000 to $1,000
Orr mills, 100000 to $500. 000:
900. Total, $l,050,Ua0.
The Morton Spinning company oi
Glover is being organized $I5O,O
commission issued.
Grand total cotton mills. $1,000. 600.
BANK AND TRUST COMPANIES
The amount Of money invested in
bank and trust companies has also
been astonishing. The following
were chartered: Home bank, Lcxing-
ton, $40, 900; Bank of Horny, Conway.
$4,000; Bank Of Nalhalla, $50. 600:
Farmers bank, liclton, 800, ,O0o; Farm
crs and Merchants bank, Marion,
100000; Converse Savings bank, Con
verse, 500 Bank Of Saluda, So5.-
900; Bank OF Carlisle, $4,000; Ken
ncdy Banking company, BlackStocks,
$4,000: Bank OF Rock Hill, S15 900:
Gatrncy Savings bank, 100000; Bow
man Loan and Trust company, Row
man, $4,000; Bank Of Fountain Inn,
$4,000 Easlcy Loan and Trust
company, $40 600: total amount Of in
cOrpOrated hmnks--Sl75, GOO.
Increase in capital ion-B Bank of
Marion, $25 900 to $4,000; Merchants
and Planters bank, GatIncy, $50, 900 10
$4,000; Bank OF Dillon, So 900 10 s50
WO Total increase; SO 900.
Commissions issued to companies be-
ing organizcd-W William Coleman &
Co, Columbia, 5000, 600: 1immonsvillc
Loan and Trust company, SO coo:
Bank Ct Springfield, $2U, ,0O0. Total.
$545,0C0
Crank total in organized and project
cd banking companies, s. ,lEl3,U1O.
COTTON SEED OH. MILLS.
The following cotton seed oil mills
have been chartered; independent
Cotton Oil company the great riyil OF
the NirginiaCarolina Chemical COM
pany, 81 l,0Cu, 0Uo: Fort Motto, 5000
Rowesville, S20:0o0: Lydia, $1,000; West
minister $4,000. williamsburg so
900: Clarendon, S25.010; Hishoryillc.
4 $50 900; Allcnt;lc, SD 900: Waiicrboro,
1000; the total being SlS3.00O out
side OF the consoldat ion OF the several
companies into the independent.
In ambition To the above the follow
ing arc in process Of organizations:
Prosperity, $2O,00G: Towilyilc 425.GnO:
Cameron, &2O,O00: EMisto: al North,
$4,000; DOnaids. $4,000: Oconcc, al
Walhalla, !, $4,000, and Pauline III Spar
tanblrg county. sl5,oo0. Total, &ll5,-
900.
Increase Kcrsllaw. $4,000 "a s31.-
- 0Oc.
f,rnn6 tot.,I ~ ,,n,. .,,,,;,,l -,