Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-05-16
Especial Correspondence.

+ Especial Correspondence.
Washington, May 16.-New England
cotton manufacturers who are prepar-
ing vigorous protests against u down.
ward revision OF the cotton schedule
will find, upon their arrival in Wash
ington,, that members Of the ways ana
means committee are loaded with some
extremely illuminating statistics about
the prosperity Of the New England
cotton mills.
The subcommittee Of the ways ana
means committee which is engaged IN
framing a cotton schedule has come
into possession of table OF cotton
mill statistics prepared by Halves.
Tewksbury & Company. OF Boston.
These statistics show a prosperity
among cotton manufacturers which
will have an important bearing on the
revision Of the schedule and which VIII
be the subject OF much debate when
the bill is brought into the house
Dividends Enormous. -
That enormous dividends are being
paid to cotton mill stockholders is
demonstrated beyond doubt in these
tables OF statistics. The New Bedford
:::sI!s. where the finer grades OF cotton
goods are manufactured, are especially
noticeable in the matter of big dfvi-
dends, altho in Fall River. where low
err grade goods are manufactured. DIG
dividends are paid with great regular
ity
From 1901 up to and including 1906
the Acushnet mill, OF New BEDFORD
paid annual, dividends OF 16 per cent.
In 1907, the panic year. the dividend
was increased to &S per cent. 1nsthc
three years following the dividend ratio
was again restored to 1s per cent but
last year fhe stockholders aof this mill
were made a present OF a stock divi-
dend Of 100 per cent.
II, 1907 the s1f1StplAnill.5 of New Bed
ford. was on a 6tper cent Basis. The
Same dividend was paid in 1908.
when the effect Of the panic was being
felt severely hruo11t the country and
in addition there was a 20 per cent IN
crease in the stock. Notwithstanding
this A1crease- In stock the mill finds 1T
pcssible to continueits S per. cent pay
fnents.
Another New Bedford mill which
made Observation-Disclosures a present Of adj.
altional stock was the Butler mill. In
1910 At pad per cent and in addition
declafed 20 per cent stock dividend.
MIST Of kh.
Pron4h1y tho most prosperous OF al
the Nov Bedford cotton corporations
is the Dartmouth. In 1901 this mill.
paid asdfy8dend OF AZ per cent:sin the
three years following It paid per,
cent: an,19ok the dividend was 20 per
cent: IN 1905 It. was z6 per cent: IN,
1907. the fp4nic year, che dividend
Jumped 10 So perscents- IN 1908. When
business t1ruouf the country was stu
suffering from tho panic the DaHs-
mouth again paid Sc PEI. cent: .an'.1s0s
ttts mills dividend was cut down TO
/ 70 per cent but on Christmas eve 1t
declared 100 per cent stock dividend:
and in 1910 it paid Is per cent on this
/ incrs6eed capitalization. In addition to
this ffe Dartmouth corporation Is
turning largo quantities Of its earn
l,ings back into the construction OF new
mills. The preferred stock OF this cor
poration was increased so per cents4n
II 909 and this stock now pays s per
cent
Bia, Dividends on Watsrsd Stock.
The Nanomet and Kilburn+ mills, .of
New Bedford, in additionsto Increasing
it'sc'r. capitalization 100 per cent, de-
clared dividends Of 8 and 8 per cent re-
! spectiyely on the increased capitalize
ton and thensrto put the stockholders
| in a good humor, each mill declared an
| extra cash dividend In 1909 OF 33h per
| cent.
In 1909; the Nonquit mill. Of New
Bedford, was paying III per cent. In
that year there was 100 Per. cent
stock Increase and in 1908 the divi-
dend was Increased TO per cent.
/ - - -
| 8 per cent I'm 1sO7.s-s. In 1909 declared
/ a stock dividend of 2sper cent and in
1910 was able to keep right on paying
the 3 per cent dividend Non the new
capitalization.
| The Whitman mill. ofiNew Bedford,
owned by William Whitman. who has
personally supervised the writing OF
wooden schedules in recent years. was
paying 9.per cent In 1909 In that,year
Fan extra cash dividend OF 80 Is per
cent war; declared and-in 1910 the divt-
dend was 10 per cent.
Down n Fall River the cotton mill
owned by Senator Bourne, OF Oregon,
| ranks well among the big individual
Payers. Its stockholders recefted a
stock, dividend Of - per cent in 1908
and since that time the dividend rate
has been slowly but surely Increasing.
| Prize Packages Numerous.
| The Chace mills. one Of the most
prosperous In Fail River, declared q
stock dividend..of 80 It's per cent in
1907. the panic year, two years prior
70 that time declared "a stocls dividend
OF 20 Per cent and n now paying per
cent on the stock which the stockhold-
ers bought and a1so ON more than so
per cent Of the stock which was given
Ifo f1nnai fn1s nnfhfn@