The herald and news. [volume] (Newberry S.C.) 1903-1937, 1921-07-12

mire interests at Whitmire in the
northern side of the county. These
mills are owned by the Child family
here is found little manufacturing
city of two thousand people as pros
porous as any section of the state.
At Newberry there are three cotton
mills, the Newberry mill, operated
under the management of L. +.
Wright as president and j. M. Davis
as superintendent; the Mollohon mill,
managed by Geo. w. Summer, presi-
dent, E. S. Summer, superintendent,
and an able corps of assistants; the
Oakland mill of which w. H. Hunt is
president and J. n. Mclaughlin is
superintendent. All of these mills
are in prosperous condition. On
the first of this month the usual semi
annual dividend was declared. This
year the Whitmire interests, the New
berry and the Mollohon mills declared
semi-annual dividend of 3 per cent
while the Oakland mills semi-annual
I dividend is / per cent. In all of these
manufacturing centers one finds an
interesting class of people all Of
whom are contented and happy and
the great majority of whom have been
with the plant for number of years.
Good schools are to be found at each
| of these mills and the operatives are
taking advantage of every opportun-
i;ity to better their condition and that
of their children. The arrangements
of the mills Of the county are sparing
no effort to make the mill communi-
ties ideal places in which to live. Es
pecially is this true when it comes to
such things as Fairgrounds and parks
and other amusements and recrea-
tions. The Mollohon and Newberry
mills have beautifully laid out parks
with all manner Of equipment for the
;; amusement Of the people both young
and old. Both Of these mill villages
boast splendid concert bands.
Banks in Splendid Shape
1t is understood that the banks of
the county, of which there arc quite
number, have all recently declared
their semi-annual dividends and that
, none have been less than per cent.
Banks are to be found at Whitmire,
Chappells, Little Mountain, Chaplin,
Prosperity and at Newberry. Inter-
views with officials of these institu
tions show that there is still money
in the county, the savings deposits
being in cache case either larger than
at this time alast year or but very
little smaller. Every. bank in New
berry county, is live institution
working for the success of the county
as a whole. AS an illustration of the
the lively interest the banks take in
the affairs of the county it might he
cited that recently the town and
county We're both offering bonds to
the amount of around four or five
hundred thousand dollars. When it
seemed almost impossible to sell these
bonds the bankers of Newberry were
called in and within few hours ar
rangements were made to dispose of
the bonds to the banks as a whole at
:a.anCscne figure. ST. far as can
be learned there has not been fail
ure in Newberry county since the bus
mess depression came on.
One of the most remarkable busi-
ness records of the entire state is
that which has been made by the Far
mers' Oil Mill of Newberry. This
concern began business twelve years
ago. On the first of this month an
annual dividend of 8 per cent was
declared and paid to the stockholders.
This brought the amount of dividends
paid the stockholders during the last
twelve years up to grand total of
l41 per cent in cash and 100 per cent
in stock. The present capital stock
is $4,000. 1t is thought that this is
probably the mos. remarkable record
of any oil mill in the state.
improvements by City and County
There is now being spent for i'm
provements in the city of Newberry
and in the county for roads total
of nearly 100000. In the city alone
three hundred thousand is being spent
for municipal improvements. A con-
tracing company is just finishing
about three mills Of asphalt paving
and at a recent citizens meeting
the issuance of approximately $685.
900 for additional street paving. Ap-
proximately 100000 is being spent