The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-01-20
MASSACHUSETTS MILLS
EARN LARGE PROFIT
Despite UnfavOrabIe LOca-
lion, High Priced Labor
and Other HandiCapS

fo'opgrighted BY c. W. b. H)
The announcement oi dividends for
the New Bedford ard Fail River cot
ION mills Is being heralded as tidings
of great JOY by the papers OF North
east Massachusetts,.
Even the cotton journals Of the
South pretend to look up0n the an
nouncement as one beneficial 90 the
growers 0f that fair land,
The New Bedford cotton plants
paid an annual dividend q iOuftg p
per cent on the total capitalization
In addition to this rather pleasing
dividend. II should be borne in mind
that the New Bedford concerns are
capitalized on a basis of one dollar
cash and three dollars plain inia-
fion. TherelDre, the mills paid q
dividend on the actual capital iEvest-
Ell Of So cents on the dollar.
To understand fully this tremend-
aus profit it should also be borne
III mind that the factory Is so far
from the scene OF production as to
add greatly 10 the ccst Of iranspor
fatiou, wera Il not for the fact that
it IS greatly favored Ia a rate
Still Stronger.
But the announcement and glad
idinrs OF tho New Bedford mills were
scarcely out OF tbs financial journals
until the Fan River Inill turned It's
part of the profit On 2 capitalism
tion OF s25.00O,0OO It paid dividend
OF twenty per cent cash With a con
siderable stock dividend, amounting
in an 90 over thirty per cent
The Pan River industry has invest
ed something more than 100000, 600
and the balance of the capitalization
was made because the law did not
allow the concern to declare full
hundred per cent dividend fof one
year
At Fan River the employees are also
given cooperative stock proposition
and that si0ck is also figured ia the
returns. The mechanics are also Of
course, benefited by this enormous
profit but many a grower back in
the cotton producing states would
feel happipr over the news of the
large profits II he had little more
70 his balance ia the bank II Is not
strange that cotton purchasers for
these great houses can, st the very
beginning Of the year lend the grow
er q little cash on his crop not yet
planted. This, Also Is used as a
great source Of profit The factory
concerns deal through their brokers
at Memphis, Jackson. Greenville,
EnfaulA, Rome. Wilmington. Camden.
Raleigh, shravport and various 9th
er cities. and. for the "accommoda
tion'' charge the modest sum Of eigh
teen per cent annual interest
The Fall River and New Bedford
pnilantronhists are great IN their
pleadings that the negro of the South
be given a square deal They prepare
tons of literature on that topic. and
manage 10 have their effusions read
Just before the black man sells his
cotton
II is, Of course not str.inge the poor
black would like Is sell his cotton
10 the representatives OF the state
who're his cause Is so well plead by
the good Christians in charge of the
movement
After he has paid the note for
money he had before the crop was
planted. the interest on the same
and the bin at the stoah. what g.
LETT him is a good plemory. strong
appetite. and a desire to go to Fal
River, where according 10 the litera
ture the Good dames are S0.Aieusl,
waiting to show him the puritaa painl
ings on the wall The casn beats him
to MASSACHUSETTS, but hope aud cheer