Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1905-09-27
Two Big Union Mills to be Reorganized.
Especial To the State.

Union, September 22.-At IL very i'm
partant meeting to-day an almost com
p,ete change in the management of the
Union cotton mills and Buffalo cotton
mills was effected.
At this meeting four directors and Mr..
Il. G. Duncan, president and treasurer,
resigned as treasurer, and in the subse-
quent election the following well-known
and subs tantial business men were
Emslie Nicholson, president Nioholson's
cotton mills; II. e. Duncan, president
Union and Buffalo mills, all of Union !;
ii. @. Fleitmann, capitalist, New York !;
VIM. Winchester, banker, Baltimore; !;
John A. Law, banker, Spartan buag; f..
w. Robertson, banker, Columbia. Direc-
tors Buffalo mills: f. NJ. FAR, president
National bank; A. II. Foster, capitalists
IT. C. Duncan, all of Union, with the
same out-of, town directors as the Union
mills.
e. w. Robertson, of Columbia, was
elected treasurer of both mills and has
entire management of the finances.
A special stockholders meeting has
been called for Tuesday, October 3, and
an executive committee consisting of FL.
G. Fleitmann, of New York; VIM. Win
chester, of Baltimore, and John A. Law,
of Spar tanburg, was elected and given
full power To act in the interim.
Yesterday and to-day quite number
of heavily interested parties have been in
attendance on special meeting of the
directors of the two mills. All kinds of
rumors were in circulation on the streets,
but 1T was not until tonight that any
thing definite was officially given out.
g,ha hnn Ia
press representative, said in substance:
Yes, there were changes in the Union
and Buffalo cotton mills management
to- day, but the mills will keep on run
ming just as heretofore, that is, SO far as
the operatives are concerned.
about the mills liabilities, it is i'm
possible TO say just now what the condi-
tions are, but several expert accountants
from NeA York are now going over
everything, and we hope to learn the
exact status of affairs soon, but it is very
probable that nothing Will be divulged
until the Stockholders meeting on Octo-
! ber ,.
Since it has become known that the
creditors of the mills will lend every
available effort to relieve the present
situation, and that the affairs of the con
Germs are in the hands OF such strong,
able and conservative iinancicrS, the feel.
/ ing of confidence in the final successful
outcome of situation that has been OK
trcmely delicate, perpleXing aud trying
since the early part OF July, has grown
rapidly and surely here, and it is believed
will become general as soon as these
facts become known.
| The Union cotton mills were organized
January Is, 1893, and ground broken for
Mill No, that summer, the mill having
ab ut.lO,O0O spindles and 300 looms. In
1 1896 Mill No. 2 was built for ~, 600 spin
dies and 1000 looms, this being increased
by economizng space until now 10000
spindles and 2,30O looms comprize the
equipment. The capital stock at first
was $3.50, 900, but is now 81. 1905 These
mills employ l,20O persons.
Buffalo cotton mills, four miles west
of Union, connected by the Union aud
Glenn Springs railway, is one of the
handsomest mills and best appointed
mill villages anywhere Work was begun
on it in 1900. and 1T was completed
eighteen months later. The mill now
has G4,00O spindles and 1850 looms, and
employs 500 persons.