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Show A BEAVER ENTERPRISE. A Woolen MumfaHnry Which Pays Tw.'iify-ih'fl Percent, Per-cent, Dividend. When at Beaver city tho other day we took occasion to visit the Coupor ative Woolen manufactory, under the superintendence and presidency of Mr. John AbIi worth, a practical manufacturer and business man. The stockholders of the institution all : reside in Beaver county. Thecapital stock is but $30,000, which includes land, buildings and machinery, and it is wonderful how so large an amount of property could have buen accumulated accumu-lated fortius outUy. Manufacturing operations were commenced in the fall of 1S70. Tho machinery is run by water power, the Beaver river fur- nisning an ample supply, equal to a . 23-horse engine during nine months , of the year, the freezing up of the river in the wintor usually putting a stop to the operations. The main building is a substantial nlone structure, struc-ture, measuring 35 r 9J feet, and contains Biffin lonnis, one set of cuds and the corresponding spinning ma chinery. The fabrics produced cou-1 sist of blankets, doeskius, kerseys, flannels and yarns, uf which the average aver-age daily turnout is abuut 175 yards ( offlinnel, seventy-five yards of mens' wear and four pairs of blankets. About twenty-five handj are employed, em-ployed, of whom ten are girla. All I the articles manufactured are readily disposed of at the mill at good prices, and Mr. Ashworth is confident that ho can furnish mens' wear of equal quality with the imported goods for cash as cheaply as the latter cau be , purchased in Beaver. The bst tosl of the success of the experiment is the fact that dividends of 25 per cant, upon the capital stock have been declared de-clared yearly, the stockholders having already realized their original investment, invest-ment, which sho.vs how successful manufacturing industry may become, even in Utah, under intelligent and energetic management. The same company are now completing, com-pleting, on the premises adjoining their woolen mill, a substantial stone grist mill, 25 by 85 feet, with new and j improved appliances for grinding grain and turning out the finest and whitest of flour. There will be two sets of atones, one of them a three and one half foot French burr. This will be a valuable addition to the facilities ef the company and a source of profit to the stockholders. It shoulJ be said that the coat of this grist mill is included in the original amount of capital stock of $30,000. Such an instance of signal success in a manufacturing enterprise on the joint t,tock principle is seldom witnessed, wit-nessed, and it gives the Herald pleasure Lo point to the Beaver Cooperative Coop-erative Woolen manufactory as a notable instance of what may be accomplished under the responsible and judicious management of a man who understands his business like Mr. Ashworth. |