The Rise of Cotton Mills in the South Part 16

[235] July 30, 1881.

[236] Quoted in News and Courier, Apr. 25, 1881.

[237] Ibid., Apr. 9, 1881. The Batesville Cotton Factory, built by William Bates forty years before, was bought by G. Putnam, of Ma.s.sachusetts for $8,000, and he invested $10,000 additional in the plant. The building was frame, two and half stories high, all was burned in March of 1881, catching from sparks from the boiler room. It was believed that Mr. Putnam would rebuild the plant on better lines. (Ibid., Mar. 2, 1881, et seq.)

[238] Ibid., July 11, 1881.

[239] Ibid., Nov. 10, 1881.

[240] News and Courier, July 11, 1881.

[241] Ibid., Jan. 14, 1882.

[242] News and Courier, Jan. 12 and 14, 1882. When the Sibley Manufacturing Company of Augusta, Georgia, was increasing its capital by $400,000, President W. C. Sibley received from Boston a telegram ordering $20,000 of the new stock. (News and Courier May 21, 1881.) Cf. Thompson.

[243] News and Courier, Apr. 6, 1881.

[244] Ibid., Mch. 15, 1881.

[245] Ibid., Mch. 29, 1881.

[246] News and Courier, Apr. 1, 1881. These subscriptions may have been partly influenced by the purpose of Mr. Atkinson to have the Exposition further the cultivation and preparation, and not the manufacture, of the staple.

[247] Jan. 27, 1881.

[248] March 21, 1881.

[249] News and Courier, Jan. 21, 1881.

[250] It seems to have been usual to call first for a payment of 10 per cent. of the stock subscribed, rather than to require a certain proportion in cash at subscription. Thus the books of subscription of the Charleston Manufacturing Company were opened January 27th; on March 29th the directors called for the payment of the first instalment of 10 per cent., and at 2 o'clock on the morning of April 9th--how closely the progress of the undertaking was watched by papers and public!--more than half of the amount was in the hands of the officers of the company.

[251] Ibid., Feb. 10, 1882.

[252] Ibid., Feb. 5, 1881.

[253] Ibid., Feb. 7, 1881.

[254] News and Courier, Mar. 25, 1881.

[255] Hartsell, J. L., interview, Concord, N.C., Sept. 2, 1916.

[256] C. B. Armstrong, interview, Gastonia, N.C., Sept. 14, 1916.

[257] Joseph Separt, interview, Gastonia, N.C., Sept. 14, 1916.

[258] S. N. Boyce and J. Lee Robinson, interview, Gastonia, N.C., Sept.

14, 1916.

[259] Ibid., Feb. 26, 1881.

[260] News and Courier, S.C., Feb. 24, 1881.

[261] Augusta Trade Review, Augusta, Ga., Oct., 1884.

[262] News and Courier, Apr. 9, 1881. This paper in the issue of Feb. 26th spoke of the additional stock as being $350, but puts the amount at $100,000 lower in this later notice.

[263] North Carolina Herald, Salisbury, N.C., Nov. 9, 1887, quoted in minute book of Salisbury Cotton Mills.

[264] The meeting was held Dec. 2nd; the minute book record is signed by F. J. Murdoch, sec. pro tem.

[265] Klutz, Theodore F., interview, Salisbury, N.C., Sept. 1, 1918.

[266] J. B. Cleveland, interview, Spartanburg, S.C., Sept. 8, 1916.

[267] News and Courier, Mar. 31, 1881.

[268] Barbee, Wm. J., The Cotton Question, pp. 138 ff.

[269] March 18, 1880.

[270] Clement F. Haynesworth, interview, Greenville, S.C., Sept. 9, 1916.

[271] J. L. Hartsell, interview, Concord, N.C., Sept. 2, 1916.

[272] W. R. Odell, interview, Concord, N.C., Sept. 2, 1916.

[273] L. Baker, interview, Gaffney, S.C., Sept. 13, 1916.

[274] News and Courier, Feb. 23, 1881.

[275] Haynesworth, interview, Greenville, S.C., Sept. 9, 1916.

[276] From Cotton Field to Cotton Mill, pp. 82 ff.

[277] Hartsell, interview, Concord, N.C., Sept. 2, 1916.

[278] L. G. Porter, interview, Gaffney, S.C., Sept. 13, 1916.

[279] Potter, interview, Gaffney, S.C., Sept. 13, 1916.

[280] Cleveland, interview, Spartanburg, S.C., Sept. 8, 1916.

[281] B. B. Gossett, interview, Anderson, S.C., Sept. 11, 1916.

[282] Baker, interview, Gaffney, S.C., Sept. 13, 1916.

[283] Ibid.