The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1912-12-16
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Before beginning operation, the mil
purchased good lot of cotton at d
good priee=in fact, so good that
when We fired up to convert this
cottou INTO cloth. we had a loss on
the cotton OF about $4,000, This
WIS not an agreeable experience to
b sH with, hut We had to begin
Ard it is indeed gratifying TO say
}hat since beginning, we have never
lot the fires cool down, except for
a short period III which we were
doubling our capacity, change
.FoM 5p00 10 10000 spindles As
gieN i. tie history Of the WaNaha-
chic Cotton Mills can be made the
his ny ct al like type Of mills in
Texas. 1t has succeeded. This sue
cess, in large measure, is due to
the excellent aua capable board of
directors and officers.
Il think il will be conceded, by
nearly all VINO have had experience
With cotton mills. that it is best 10
bHiid ito mill With less than TOO
spMdies and that 1000 spindles
would BE- preferable as a minimum
Mills OF this tSpe will cost from
So tG $50 per spindle. This esti-
W4te Includes The cost 81 the land
buildings, aud machinery. There
lis a common, and almost UNIVERSAL
mistake made in mill building and
that is. The cost OF constructing and
Installing the pint exceeds The capt
tal stock. This results in beginning
operation ~ith an existing debt
Few mills within my knowledge
lave avoided this mistake And, If
they lose money the first years run
the result is That dissatisfaction
arises with the stockholders, ending
in sale at u great sacrifice to those
interested. \ far better plan is to
have sufficient capital to build, and
Surplus left as a working capital.
Success would attend the latter
method IN most cases. when failure
would be the result by beginning
With debt.
The WaXahaehic Cotton Mills
have had little or no difficulty I'M
procuring and keeping mill opera
lives. Tie mill erected and owns
It's operatives dwellings, They are
neat ami comfortable, located on the
large grounds SURROUNDING the mill
he Mil has a fine artesian we'll,
furnishing ample and excellent wa
Ter, and good system OF sewerage
connects with the city sewer The
mil erected neat and comfortable
church on the. grounds for the opera
lives
w lille Texas produces about one
fourth Of the cotton crop of the Unit
cd States. an exceedingly small per
cent OF the Texas crop is consumed
IN the state, The amount manufac-
iufed into cloth within the state
averages annually only 10000 bales.
II we estimate the average annual
crop Of Texas at 1000, 900 bales, |
we md thai we consume only three
lonrths OF one per cent of the crop.
Let Us compare this consumption
WIN some Of The other Southern
States, North Carolina produces !
ItfDfIIIltf a "A an
ION AID practically consumes the !
Whole of the crop. South Carolina s |
average annual crop is about 800
900 bales, OF which approximately o.
per cent Is consumed Georgia pro- |
luces annually about | 10000 bales |
u cotton, Of which about 30 per cent |
Is consumed. Alabama's annual |
crop Is about 100000 bales. Of
"il'I practically rs per cent is con- /
sained. This clearly reveals the
ruth that We are far behind the
states mentioned in the manufacture |
OF cotton goods. There are several
reasons responsible for this condi I
ton. The three principal ones, !
'hihh' arc the advantages they pos
sess in cheaper labor, money and
'uei. These three factors play all
important part in all Industries of
inns class. And fourth factor Is
Ia their favor, and that is transporta-
tioh from the mill to the consumer.
nat these inequalities will be equal
izcd III the near future, we may ret
sohabiy expect. When conditions
become normal, which is bound to
occur, ! anticipate an active period
III cotton mill building. The GOTH