The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1905-01-11
THE STOCKHOLDERS
HOLD A MEETING.
The Status Of the Wares Shoals Manu-
featuring Company Shown. I'M
pOrtant Resolutions Adopted.

The Status OF the Wares Shoals Manu-
facturing Company Shown. I'M
pOrtant Resolutions Adopted.
A special meeting of the stock
holders of the Wares Shoals Man
ufacturing Company was held in
the court house Saturday. The
meeting was we'll attended and
was representative of the fore
most business and professional
men of the city and county.
Mr.. N. B. Dial, president of
the company, presided and stated
the purpose Of the meeting. 1t
is desired that additional stock to
the amount of fifty OF sixty thous-
and dollars be Immediately taken
by local subscribers. There are
nearly 200 local shareholders and
to enlist their aid in this effort to
raise the amount indicated above
was the prime object of the meet
ing. 1t is known positively that
this amount could be raised at
once, by bonding the mill prop
erty or by issuing preferred stock,
but this is not Mr.. Dial's policy.
He wants the mill put III opera
ton at the earliest day possible
and he desires above all that this
be accomplished without encunl-
bering the property.
Mr. Dial made a proposition
Saturday that certainly will ap-
peal to you if you have any de-
sire or intention whatever of help
ing along this great enterprise.
The natural advantages and
the cost Of constructing the
Wares Shoals mill make it GER
tain that the stock will bring a
premium once the enterprise is
put i'll operation. Have you Wis
tied Wares Shoals lately, or at
any time? You will find a mill
building complete that will ac-
comlnodate fifty thousand spin
deles and fifteen hundred looms;
1900 horse power plant capable
of running $4,000 spindles which
cost less than $40 per horse
power. 1t is said to be the cheap
est power plant i'll the South. 1t
cost no more than a first class
steam plant and then there Will
be no fuel to buy or water rents
to pay.
The Southern railroad is build
ing a spur track from Barmores
to the mill, a distance of five
miles, four miles of which are
already i'll operation.
The mill building is complete
and the machinery for same pur-
chased; the power plant is fin
ished and the machinery is being
installed; 90 new and neat cot
tages arc ready for occupancy, a
fine double track steel bridge
which spans the river below the
dam has been in Use several
months and the dam and canal
were finished last summer.
This is undoubtedly fine OPP
portunity to invest i'll a cotton
mill plant that is bound to be a
dividend paying enterprise almost
from the first.
AT the meeting Saturday the
following resolutions were adopt
ed:
First That each and every
stockholder be and is hereby re-
quested to take or place All
amount Of stock equal to his pres
cnt holding and more if possible
and that each make a report to
the president of this company the
amount raised at as carly d day
as practicable, not later than the
fifteenth or twentieth inst.
occoild: nat tlle president De
and is hereby requested to send
each stockholder a circular show
ing the status of the enterprise.
Third: That we extend the
president of this company our
thanks for the able and economi-
cal manner i'll which lie has cou-
Quoted the building operations OF
this plant, and for his conscien-
tious and untiring efforts i'll be-
half of the stockholders.
1t may be added that Mr.. Dial
has given his time which covers
a period of two years OF more to
the building of this plant with
out compensation. He has not
drawn cent of salary.