Ellsworth American., 1905-06-21
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The Cotton Yarn Mill Proposition.
Boston, June Is. 1905.

l BOSTON, June 10, 1905.
To the Editor Of The American:
1 l was very much interested in reading
THE AMERICAN of June IA of the visit OF
Mr.. Sanford to Ellsworth in regard to a
cotton yarn mill.
One thing is very certain, Mr.. Sanford
is perfectly right when he says that the
people Of Ellsworth have never appreei-
ated that water power that has been flow
ing by them for so many, many years.
think he is also right that there is not
another one just like it anywhere in the
STATE. The lumber being so well cut of,
it is bound to show far greater financial
results than ever before; it only depends
upon how you go at it.
s'63od helps those who help themselves -
That is very true, but sometimes people
lose sight OF the fact that they help them
| selves by helping others. 1t Is simply a
case of give and take.
The one great trouble with Ellsworth, it
| has always seemed to me, is that certain Of
her citizens seem TO have been very much
afraid that somebody might come into
! that town and be benefited as well as
themselves. You know that for many
years Ellsworth did not have even bank
You probably know the reason why; IL
| they had bank, certain men in Ellsworth
could not loan money at high rates of in
terest, practicing nsury as they did there
for years. That hurt the town and set it
back good deal. Now you have practi-
cslly three banks, and they seem to be do
ing well. They might have done just as
well years before if it had not been for
selfish greed.
| The business man and business methods
have changed good deal in the last few
years. Modern business practice and
modern methods with practical conserva-
tism enable a man in our days to succeed
where others fail. Those who do not
adopt modern methods fall far in the rear
of the procession.
Now do not know anything about Mr..
Sanford, but do know that cotton yarn
mill, under modern methods, is money
making institution. / believe that the
| water in the Union river and the atmos-
phere up and down that river are good for
the manufacture of cotton goods or cotton
yarns. have always thought so, and as
grow older and learn more about 1t, my
conviction has grown steadily stronger
from year to year.
am very glad indeed that someone has
brought up the question of cotton manu-
facture and cotton yarns. We hear a good
deal about the cotton industry going
South; that Is more or less OF a bugaboo.
and ii is the same old story of ''water
finding its own level il you only give it
time''.
/ have a very intimate friend who is
large owner in one OF the largest cotton
manufacturing plants in New England.
know from him what the earnings OF
the cotton industry mean. II were to
mention his name you would all know
him at once. He is very wealthy, one of
the sblest business men, and one OF the
best known in the country. From my inti-
macy with him have learned good deal
about the cotton industry, especially as it
applies to this part of country, and it is
my belief that the future under modern
business methods and with modern ma
chinery will be better from financial
point of view than has ever been expert
enced in the past. 1t is ali question of
management.
hope il Mr.. Sanford is responsible
and presume he is--that the good people
of Ellsworth will succeed in inducing him
to locate in the dear old town, and that
they will do everything they can TO en-
courage him to establish his plant on the
Union river.
JAMES A. DAVIS.