Alexandria daily gazette, commercial & political. [volume] (Alexandria [Va.]) 1808-1812, 1810-06-13
aIsssaDrls pttts.
W.ADGEsD1S, IgNE Is.
pEAR SSOWDsS,

L
believe 1t contained just IDEAS Is to the pro-
g., and patriotism upon the manufacturing
dCOt,on. Secretary Gallatin Is certainly 10
8, error, as 10 The quantity each spindle is
.c,pable Of sPinning; because We in the cOun-
! 4ty know that our females spin, by hand, at
least double the quantity per year, which the
Secretary states to be spun blythe machine ;
90 that I am inclined TO think, Sammy, that
Albert has been wrongly informed, and
that " Arkwsisht" is too generous in taking
that information for his data, upon which to-
calculate his profits. The writer is somewhat
acquainted withihe cotton spinning business,
and has hsdIhe opportunity Of frequent con.
fercnces with some of the manufacturers upon
r Island, the result Of which Information is
this, thati the Arkwright" spindle they
spin. wAsn every part Of the machinery is
in tx, half pound per day, butthat more
than 100 TO l2olbs yarn per year would be
All unsafe estimate. Now, Sammy, by the
good old rule OF proportion, you and know,
that il one spindle will spin Ioolbs, per year,
only, that 1000 .Pindles will spin 100, ocolbs.
per year, which at the low price of 7S cents
per pound, on An average, will amount on
the sale to ~, 900 dolls.
The expeRce Of the raw cotton .oooo
100000 lbs. st 90 cents, -N''0'
Attendance from ArkwrighU $3.50
IS 75e
Nett profits upol. 1000 spindles $3.50
Dolls. $4,000
Now Sammy, Mr.. Ark~right says the Ca
piral required land; am inclined to think he
i, rather over than under the mark is 100
dollars to each spindle. Here there,is clear
profit Of nearly so per cent. instead of your
Arkwrighe profit of IS per cent. Your friend
Theo's. Pax, notice in your paper Of the
Ssh, seems to athrow cold water upon your
friend Arkwright, he tellSyou that his grand
father, 1t is, Ithiak, had taught him to add
lGC per. cent upon the csst and deduct so
from the prehtSi i viii not agree with the
grandfather Of Par, to add any. thing 10 the
cOseupon the loo, ooo dollars . but Mr.. Par
may adj, If he pleases, 10000 dollars to Al
ber,'s sc, ooo, and he will find j have met
him thee, Tie truth is, Snowdep, there is
no pursuit We could follow so certainly prs6t-
able as that of cotton spianirg--and why
should our torn remain inactive, while all
arouHd Us are in astonishing condition.
Why, L say, should we pursue that Terra
pin-ike plan to siarre within our shell, rather
than crawl out to get suste1ante.. AS to the
insinnation of your friend lIar, that cur
friends ars out, or is contained in prcmisos,l
know it is .not.thc ease-aGd / know that i
new bank was projected, to consist OLA caPl-
til Of SOC, Geo dollars, that livestock would all
sell, perhaps not nh to the people cEi this
town, but, good proportion oft. why II
the different hanks in this town were as gene
rOus,upon this subject as they have been. up
on othets, they would lend . suficisncy to
stool holderS in . cotton company 70 pay up
their shares. the stockholders would then
have to pay bank interest emily fortheif stock,
and receive dividend from the cotton COM
pany Of so per cent. .,.s. f.. =
Arouse then, say, my fellow toWnsnen'
sleep Rolonger--theFe are numerous sltuS'
tons near us TO erecs and sncreasc our works
ifEound productive, of which you and l can
have no doubt. ] win join our friend Ark
wright In one thing, which is a hearty desire
that the mayor of the town may call meet
,:isg ofilsiphabitants, throw all The iniOEma-
ton we possess into view, and At the same
time determine whether we can or can not
without embarrassment, raiss, . sufficient
fund. 20 ses % woek 500 or 1000 sPindIss and
lst,tSs sasnIt be notified by , publication; OF