The First Successful Cotton Mill In South Carolina

ioiouis? ov.t her nrat sivocnasfnl cnton factor}'. Tlio mili vis t:ii-t-l early in 1872, and during tlm lattw eipht montbs of tho year earnfd over 13 per. oent oü tliBcinitiil invosted. "For the firs( qn h tor of 187-5." sivi the superintendent, I have m'i'lo o tref nl estimate; and 'st.it.n wiHiout donlit ttrif we ah al] pay thointorpst on monnv borrouwd and malee for the threa montha nót Ipss than 0 par cent.' on our capital. Wa havo laborad undar dsadvíinta.!Gs. for tho wanl of a wmkiüir cash capital, heneo, Ido not reccoro inend Bny dividenrl ; but if' tin nnforeseen misfortune ovortalces ms 1 think we can coinmence a qunrtorly dividond in J11I3' of 2 1-3 percent, and continuo at thnt rato mitil wiï renlize a commercial capital adequate for our reqmrenients. During the ycar tflere havo boen orected in our vil iaLe lfi housfia, of all kinds. Our iuhab Kant 9 have iricreased, tod flie population ilinw abcut 800, A freí eatablishfd. and the averag atttndanoe is "tbout 60,"