The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-05-05
ITS FUTURE is BRIGHT
Increasing in Manufacturing. New
Enterprise Begins that will Open
Up More Golden Opportunities
in a City Whose Growth
is Built on a Sub
StantIal Basis.
(By Edward f.. Britton.)

Fayetteville, n c., May 4.-No
mushroom growth in this place. No
body blowing about unprecedented
tial building up. In fact that Fayette-
vile has progressive prosperity par
ty going on all the time is the conclu-
sion that have reached after visiting
here
I've been here many times before,
and have an acquaintance of seven
teen years with the place, so we are
somewhat old friends, Fayetteville and
l, and hence / am not talking about
a stranger whose beauty has just cap
tivated me by a first impression
glance, but about the good qualities
that I've found by being on the
ground.
Out in it's residence portion Fay
etteville is a pretty place. There's the
old and the new here, for Fayetteville
has history. Its business section looks
busy and it's store doors have an APP
pearance of things doing within. It's
not the busy season now, said q mer-
chant TO me yesterday, but the busl-
ness going on leaves nothing to COM
plain about, and there are no failures
to chronicle. We all keep going
ahead
Fayetteville has what no other city
III l1lG WOIlQ Cdn QUASI VI, L OSllCNC,
and that is a square with eight
corners, four being the usual num-
Der, I've been told. The quaint Did
market house, with the big hands on
the dial of it's clock almost within
reach, stands in the centre OF this
square, and the double corners are
effected where the streets abut by
dropping out one lot at each corner,
thus of course doubling the corners
and 1l<inC Qipht ont of fOnr- OuitR
simple you see.
This square is really capable of be-
ing made a beautiful place. On all
the double corners but one there are
imposing buildings, and when that one
is rejuvenated it Will help, while Cap
tain E. Il. MacKethan and / agree
that the final touch Will be put on by
putting down a rock or a granolithic
brick roadway all about this square,
which is now but a dirt road Here's
to the time when this will be accom-
plished.
Money talks about a places pros
perity and it is talking here, talking
out of it's bank doors and in its bank
vaults. Fayetteville has two banks,
as safe and as ably managed as any
in the world. OF one of these, the Ma
tional Bank, Mr. w. M. Morgan is
president; Mr.. G. j. Cooper cashier,
and the deposits are $275,000, regu-
lar and savings, this being an increase
of 800 per cent in the past fifteen
months. The Bank of Fayetteville,
H. w. Lilly, president; ]. C. Haigh.
cashier, has $325,000 in deposits
Three years ago there was not a saw
ings bank here, but now both banks
have savings departments that are
meeting with marked success.
And there's power here also, while
more of it will be rushed in within the
ax,4 e., lota 81
to the business interests here is a big
one, and it is the Cape Fear Power
Company, which is to shoot power
here over the wires from Buckhorn
Falls on the Cape Fear, 35 miles
away. 1t will deliver 1000 horse pow
ed into the city over electric wires
and this power will be furnished in
dustries at $3.50 per horse power Il
year. That's cheap power and will
give a hump to large and small in
dustries. The thing is a fact accom-
plished. The dam at the river is
about completed, and it creates there
a reservoir ten miles long. The wires
are strung to the city and the trans
former house has been built. 1t is
going to increase industries and all
Fayetteville is applauding the men
who have done this, Mr.. w. M. Nor
gan, of Fayetteville, president of the
National Bank, and a leading stock
holder in the Morgan Mills, and Cap
tain r. Percy Gray, of Greensboro.
"Befo de wah' Fayetteville had it's
cotton mills, but the blue coats of
'61'65 used the torch and they went
down. Some fifteen or twenty years
ago another mill was built and there
are now four in operation. The orr
ginal mill is now in the hands of the
Morgan Company-and the Holts
are cotton mill successes-and wilt
double its capacity while it now gives
employment to about $50 people. The
four cotton mills have about 10000
spindles in operation, with $40 looms
These are the Holt Morgan Mills, the
Tolar- Hart-Holt Mills the Holt-Wil-
hanson Mills and the Holt-Williamson
Mills No. 2. Besides these there is a
knitting mill, and in the county five
other cotton mills with many more
spindles than those in operation in
Fayetteville
Then there's silk manufacture going
on here also. The Ashley Bailey silk
people, of Patterson, N. j., have
plant here, and it has doubled its ca
pacity in the last two years, having
been begun about six years ago, rhe
Patterson silk people having selected
Fayetteville after looking over the
whole country. The labor employed
Continued on Page Five.)