The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1905-07-19
Wednesday, July 10, 1905.
The New Cotton Mill.

II is time that our people were taking an
other step forward. Abbeville does not grow
by leaps and bounds, It's progress 10 STEADY
and constant. Abbeville has laken no impor-
tant onward step this year, but now Is the
time to move. The advantages OF a cotton
mill in town have been clearly proven and
we presume there Ia not In own a douoter on
this subject.
Ten years ago, when the price OF cotton was
depressed, and when the business OF tne to"n
was perhaps less han ever before or SINCE
our people with a notable .unanlmlty SUD-
scribed 10 the capital stock OF the Aooe'l'le
Cotton Mill. Our people in their poverty ana
In the reduced business of the town, SUBJ
scribed 10 the capital stock enough to set the
.anternrise on foot, and the result Is that we
have ohe of the best mill properties IN the
state, Its presence and its monthly pay-rolls
have put new life in the old town Whlch
seemed nearly dead. Business has improved
the price Of real estate has greatly increased
and the population of the town Is nearly
three times what 1t was when the cotton mill
Wal started. A large volume OF business le
done along all the lines. and every thing mas
receiyed a new impetus. The mechanic and
the common laborer have been benefited
Better prices prevail and the demand for Ia
Dor 10 greater than ever before.
With this object lesson before US, we can
hardly see how any citizen could refuse 10
give q helping hand. In our poverty, ana
when our numbers were only one-tnird Oh
the population today, over sixty OF our oitl'
zepasubscribed to the capital stock. These
subscrlptions, as q rule, were made by the
poorer men and women, while some Of those
who were better able, and gained more IN
the increase Of their real estate and business,
were not distinguished by the excess OF thelr
subscriptions, and now they could take the
lead. and do something for the town. We
will all follow.
The town, with q few exceptions IN 1870
Joined heart and soul In the movement
Now, let every one Of US subscribe something
Nobody can possibly lose much money anu
all of as have much to gain In the proposed
improved condition of the town. Ten years
ago some of the poorest men IN AooeViile
subscribed to the capital stock OF the cottoD
mill. Out OF sixty not over half dozen faileo
10 nay, and they failed because OF upfortu'
nate circumstances. Those who COULDN'T pay
Transferred their stock 10 others who contln'
ned the payments.
II an effort should be made to organize a
new cotton mill every man and every Wo'
man in town should be asked TO SUBSCRIBE
Very few would refuse to take some stock'
There is scarcely q friend of the town ID
which he lives who could not subscribe Tor a
share.
The manufacture Of cotton goods has been
reduced TO a science, and, with a good ousi-
ness man at the head, there Is scarcely a
doubt OF Its success. The editor OF the Press
and Banner, speaking for himself, makes no
calculations as to whether a cotton mill pays a
dividend. Having had experience In trying
TO build q mill, we are ready to go In again.
II the stock is q good dividend payer. all
right. We will sell 1t. FITTINGS look like the
dividends will be slow in coming, we sell. IL
makes no sort Of difference to us about the
dividend, or no dividends, as the case may
be: we shall sell out at the right m Inc
mill is what we want. We do not care one
red cent about who builds or runs IL. or
whether 1t makes money or losses money.
Let rs subscribe to the stock. II you are
better OF than this editor, you will probably
sell ont. It makes DO sort of difference TO
the mill, II we dc sell out. AS q rule the STOCK
owned by Northern men. If we give a little
for a mill they will give much, and then buy
our stock q little later on.