Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1907-07-16
CLOVER cULlINGS.
Wonderful Success of the Glover Cot
ton Mill and of Mr.. M. L. Smith as


Manaser-other Notes.
Correspondence OF the Yorkville Enquirer.
CLOVER, July 16.-The annual meet
ing of the stockholders of the Glover
Cotton Manufacturing company was
held in the Office of the company at
this place on Thursday afternoon Of
last week. There were comparatively
few of the stockholders present in per-
represented either in person or by
proxy. The annual report Of the sec
retary and treasurer, Mr.. M. L. Smith,
looked good to all who saw II, and, OF
course, was entirely satisfactory.
The usual dividend Of 10 per cent was
declared, and checks have already been
sent to those entitled to receive them.
The company Is now operating $1,000
spindles, running only in daylight, has
an adequate supply Of competent,
we'll satisfied help and starts the new
year under most favorable conditions.
The physical condition Of the plant
was never more satisfactory.
1t Is said that 1t will not be the pol
icy Of the Glover Manufacturing COM
pany to make any further additions to
the plant as 1t now stands. The orig
inal mill began operations along about
1890 with about 5000 spindles and has
grown to its present size during the
interim and has during its entire his
tory paid satisfactory dividends to the
stockholders. This growth Is due to
the wise, conservative business man
agement that has predominated, and
as a result Of the company's history
there is a widespread desire on the
part of people with money to acquire
Its stock because Of its recognized
safety and certainty TO pay dividends
each year. Those who have the stock
will not sell, therefore those who have
none, but have money, cannot buy, and
| this has led to desire on the part OF
the latter class. as we'll as on the part
Of many who have less stock than they
desire, that another mill be erected at
| Glover to be operated under the man
agement Of Mr.. NJ. l. Smith, as a
| result that gentleman Is constantly re-
Iceiving voluntary propositions from
capitalists, large and small, to sub
scribe for various amounts OF stock In
| a new mill. These amounts vary from
800 to $4,000. one Individual In the
north offering to take stock to the
latter amount. 1t Is quite likely that
should he agree to take charge Of the
enterprise that 100000 or more would
be quickly offered. Mr.. Smiths friends
ability to manage another mill equally
as large as the present or larger, just
| as successfully as he manages this
one, and at the same time continue to
manage the present mill to the entire
satisfaction Of each one Of its stock
holders. Mr.. Smith has never offered
those who have approached him on
the subject any encouragement, but
Notwithstanding this fact they are
hoping that he will eventually see the
proposition from their point Of view
and come across.
| Messrs. Campbell & Jackson are
laying down the brick and lumber and
having the foundation dug out prepar-
atory to erecting a brick building on
their lot on the north side Of East
Kings Mountain street. recently pur-
chased from Capt. w. B. Smith. The
building is to be one story and will
embrace two store rooms. Sam Nc
Call has the contract.
The Baptist congregation at this
place Is having a much needed addi-
ton built to the church. 1t is to in
clude modern, conveniently arranged
baptistry.
While Cloverites would have been
much better pleased had the manage
ment of the Carolina and North West
ern railway seen fit to operate Nos. Z
and s. which were restored on yester-
day between Lenoir and Gastonia- and
are being operated between Gastonia
and Chester In connection with freight
| train. operate the train all the way
through as 1t was last year. still they
are willing to concede that IL the mixed
train Is operated on Its advertised
schedule the service will be a great ac-
commodation to the travelling public,
and will answer the purpose.