The Rise of Cotton Mills in the South — John Stuart Mill — John Shaqi
The Rise of Cotton Mills in the South
John Stuart Mill · en
Pawtucket being the pioneer cotton manufacturing place in the North,
Providence, which had come to virtually absorb the smaller city, took a
great interest in the new mills of the South after the Civil War. A
Providence mechanical engineer designed the mills and machinery for some
of the most successful plants, and that its men were thinking of setting
up mills of their own in the South is evidenced by the visit of Mr. Boyd
to Georgia in 1881, when on behalf of New England capitalists he
prospected the State for the best location for a large cotton
factory.[237]
A little later it was given as common knowledge that several of the
largest manufacturing firms of Manchester, England, had secured sites for
mills in the Southern States.[238] A London correspondent of the New York
World remarked a clear disposition of English capital to seek investment
in Southern manufactures.[239]
The railroads, both the minor lines connecting individual points, and the
great systems penetrating the South in this period, were influential in
fostering and inaugurating manufactures. The little railroads helped the
mills by affording transportation facilities and by making the inland
water powers accessible, but the big ones could lend money and did of
course make it their business to encourage manufacturing along their
lines. President Baldwin, of the Louisville and Nashville, distinguished
three ways in which the railroads assisted the sections by aiding mills in
reach of their tracks, by uniting the parts of the country, and by
affording a strong commercial backbone.[240] Hon. Gabriel Gannon urged
the claims of railroads upon South Carolina as bringing capital to the
Southern field; he attributed the erection of a mill with $500,000 capital
largely to the railroad connections of Spartanburg.[241]
An article already referred to said of the railroads in their bearing upon
manufactures: "The railroad syndicates are of necessity interested in the
general growth of the country through which the lines run, and will spare
no pains to bring in immigrants and to encourage the opening of mines and
the establishment of factories."
In the majority of instances, Northern capitalists subscribed to the stock
of Southern mills after a considerable proportion of the shares had been
taken at the South. Similarly, a very usual juncture for the investment of
Northern capital was a projected enlargement of a plant, machinery
manufacturers taking stock in payment for equipment. Thus the Rock Hill
Cotton Factory, the $100,000 capital stock of which was owned in Rock Hill
and Charleston, South Carolina, in doubling the capital secured a large
part of the additional $100,000 at the North.[242]