This is the largest Paper Mill in the Western country, and fully equal in point of capacity and advantages with any in the Union. It was established in 1846, and passed into the hands of its present proprietor in 1848. The mill is furnished with every desirable improvement in the machinery used for paper making; the building is very commodious and well arranged, and is under the immediate supervision of Mr. Kellogg, a gentleman in every way qualified for his office. It is in constant operation, night and day, being lighted up by gas, which is also manufactured on the premises. This mill has advantages over most western mills in the fact that an abundant supply of rags is furnished in this market, that it is situated in a fine hemp growing region, where this article can readily be procured, bleached and reduced to the finest texture for strengthening paper; that this is an admirable location for making shipments of the manufactured article, and that the most excellent water is brought from wells on the premises in any quantity which may be desired. A very large amount of capital is invested in this establishment, and no expense has been spared in effecting every improvement known to the paper maker, and the results of this outlay of capital, and of the sagacity and enterprise of its proprietor are now evident. Not only does this paper find a ready market, but orders have so multiplied upon the factory that, even with the immense product, they have been unable until lately to complete their contracts for delivery. The stack for the furnace of this mill is 140 feet high, and can be seen from all the avenues of approach to the city. HAYES, CRAIG & CO. WHOLESALE AND RETAIL DEALERS IN HATS, CAPS, STRAW GOODS, FURS, &C. 485 Main Street. But a few years have elapsed since all the hats sold in this market were the produce of eastern factories; and this department was not considered of sufficient value to be detached from other branches of trade. In latter years however, it has reached a position which makes it equal in importance to most other branches. Western merchants are fully aware of the value of Louisville as a market for hats, and even where many other articles are purchased elsewhere, this market is always selected and preferred by the buyer for his bill of hats.