The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1903-01-28
q UPTOWN OFFICE.
The AbbeyiIie Cotton Mill Estnbiishes
nm Oaics On the Public sIquare-
RambIing ThouEhes and Scatter.

nto ouo Dcssses
ing Statements.
In answer 10 . public demand. M we'll as In
tho interest OF the Cotton Mili, President Har-
ris Of the AbbeviIle Cotton MIL has establish.
ed an office In the room formerly coupled by
DR., w, T. Penny IN q drug store. The ofice
has been neatly fitted up. and Ii In every 70
spect all that could be desired.
quarters for all the work incident 70 bu Ing
cotton. Besides buying cotton Mr.. Ellis does
an insurance business. and when not eoRhged
has the best of real estate TO sell. and some
times the boot IL on the other leg. and ne
wants Ia buy houses or lande. All things ma
come bis way are grist Tor Dis miiI.
President Harris has o desk In this ONCE.
where he does much work alter he has quilt
the Office nj the mill.
From all that we can learn he r.. and In.
tend! tend :. 70 % BE- .s the prs Tss New Q! York ta1 % sslIi M !a agent nj
will hereafter take Instructions from this emo
II often happens that the founders Of great
enterpriEea arc not long In control after the
purpose OF the Organization has been accom-
piished II was no In the Abbeville Cotton
Mill. II was 10 In the Georgia. Carolina and
N S.p's snd c a'InPaa' Railroad al Which John Bel.
ton O'Neali built. II was 20 In the case OF the
Abbevilie OIL Mil. Although the Abbev.Ile
Furniture Factory wan built less than two
years ngo, two Of three founders and origtnai
Officers Of that Institution are out OF 10.
Mr. Chapman resigned his place M mana.
Mr.. Stark sold his stock, and In doing so. va
Gated bts place as president.
Sicc.Preaident &. +. Cromer would have nat
urally succeeded 10 the place Of PFesident
stark but he didn't care 10 assume the duties
OF the Office, 6ecaus Of AL existing division Of
sentiment.
Mr.. C. p. Hammond, the bookkeeper and
treasurer, In less than two years, 10 the only
one OF the original Officers still connected with
the plant.
we learn that stock IN the furniture factory
Ia offered by some at % cents, while others
wouldn't aoll at any reasonable prica. MT.
Cromer says that he has been offered shares al
90 cents, but he expects TO buy nj less ngures.
Al the and OF the first nix months OF the ex'
Istence OF the factory an inventory vaa taken,
and o fair profit was registered on the right
aide OF the account The business aeems 10 De
a good oue. but it appears that there ~ YET
something 10 learn about making and selling
Of furniture. II 10 one thing 70 MANUFACTURE
goods, and it 10 another thing 70 sell them.
In the buying OF the raw material and In the
selllpg OF the manufactured goods 10 10 be
found the gain and the prodts. For Instance
m Superintendent Thompson manufactures
goods ever 90 cheeply, they may not be held
ior a wear on Interest account, and then be
sold al q profit The anne 10 true OF furniture.
To pile up goods, waiting for higher prices, ID
speculation, or gambling. Al You may see L.
With odds against you-the cost OF storing, In
suripR. And the expense Of borrowed money,
Speculation must overcome these certain ex'
psnses. or loss 10 incurred.