Life on the Mississippi • Paragraph 1345
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The Rosalie Yarn Mill, of Natchez, has a capacity of 6,000 spindles and 160 looms, and employs 100 hands. The Natchez Cotton Mills Company began operations four years ago in a two-story building of 50 x 190 feet, with 4,000 spindles and 128 looms; capital $105,000, all subscribed in the town. Two years later, the same stockholders increased their capital to $225,000; added a third story to the mill, increased its length to 317 feet; added machinery to increase the capacity to 10,300 spindles and 304 looms. The company now employ 250 operatives, many of whom are citizens of Natchez. 'The mill works 5,000 bales of cotton annually and manufactures the best standard quality of brown shirtings and sheetings and drills, turning out 5,000,000 yards of these goods per year.'{footnote [New Orleans Times-Democrat, 26 Aug, 1882.]} A close corporation--stock held at $5,000 per share, but none in the market.