The herald and news. [volume] (Newberry S.C.) 1903-1937, 1906-08-24
BUILD ANOTHER MILL.
Believer in Newberry' Shows How
Another Cotton Mill Would
Benefit the People.

Editor Herald and News: Prop
erty values in Ncwberry have increas-
ed at a very rapid rate during the
past two years. Many new stores
and residences have been built. New
berry has enjoyed period of en-
pansion and prosperity second to no
place her size in the state. She is sup
ported by farming country that it
would be difficult to duplicate. Her
manufacturing interests have contrib
uted in great measure to her adj
vancement.
Mr.. Editor, has it occurred to you
that it is barely possible that her
farms and factories may not be able
to maintain the level of values now
reached7 Should there be decrease
in values or volume of business from
any cause. would not her condition be
worse than it was before the increase
began? If there is danger Of de-
cline, and every community runs this
risk after ii period of rapid growth,
can that danger be averted? Is it
possible for Newbcrry. instead of de-
clnn~ To reach even higher level in
values and materially increase the
volume of her business in the I'M
mediate future?
The writer is strongly convinced
that this can be done and that by
4 bn l,n f,,fr Hf
other large cotton mill. The people
of the town and surrounding country
who would be directly benefited are
amply able to build such mill. And
why not build it? There is nothing
into which Il large amount of money
could be put that would, pay so we'll.
Cotton mills in the South. as rule,
pay we'll directly in dividends, but
they pay far better indirectly by in
creaSiny the value of real estate. by
Swellin" the volume Of business in the
town where they are located, and by
maxim" markets at good prices for all
farm. garden and dairy products.
just one more large mill would in
crease Newberry's population enough
to insure her free mail delivery; it
would make street ears possible, and
it would bring a number of other
things within her reach that are i'm
possible now. a town. as we'll located
as Newberry is, after reaching a given
point grows in spite of herself. She
draws because she can't help it. Now
Newbelry has not quite reached that
point, but she is almost there. Give
her a few thousand more people and
her future is secure. The present is
crucial period in her history. Shall
she 90 on and up, or shall she go
back? She will do one or the other.
She can't stand still. Why have any
uncertainty concerning such an i'm
portant matter? Why stake every
thing on the price of cotton7
The writer knows that many Of our
people who could put few hundred
or few thousand dollars in mill
say that they cannot afford to be with
out the interest on their money for
a number of years until mill could
earn dividends. TO this. there are
two replies. First, mills that are
built free of debt have as good a
chance to earn dividends the first
years or two as they have at any other
time. Second. the local man who puts
his money in large mill gets indi-
rect dividends from the very start
The banker, the merchant, the clerk,
the doctor, the lawyer. the property
owner, all are Immediately benefited
by increased business values.
Why not build another mill?
"a Believer in Newberrv.''