Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1829-08-04
' iRGiNIA.

86.lI
The amount then, Of "a ntal requiiea for mann
Featuring establishment in the northern sutes con
pared with the amount required IN VIRGINIA would
be about as 100 TO SO, ~ per cent less in Vroino
In England the quantity of real estate wouid com
monty De less than Is here supposed, steam engines
there taking the place of water power here and con
sequently the quantity Of machinery would he rrooter
ht as real estate IS there much higher than with ns
and machinery much lower, the appre0afc arnount
required ia that country for every species Of capal
may not vary materially from that required in Vir-
ginn. II We suppose Tie quantity Of real estatc no
qnsitc III England 10 b. ono hs!f at double the nric,
and the quantity OF machinery to he double AZ hale
the price then both the aggregates aud the several
paris wall be precisely the same IL both Countries
Having thus compared, as accurately as the Insult.
hcent data we possess enabled IT'S 10 do the value
of labor and capital ia this state with th,. vgre t
bear ~ countries which manufacture for us let M
now see IN what proportions wages, profits and tia
raw materials sovsray into the price Of the ma
nuhctured commodity. IN the case OF ,yoolJon ina
nn!1;inres "e derive the most authentic inflammation
81 tHeir proportions from The evidence given to the
committee on manufactures. That evidence vyiI
FURNISH US with sufficient dala Tor making a CON-
pari-on concerning fabrics Of the game material
ana ut similar quality, bgt conforming no other a.
ir- proportions vary both with The raw material and
lie iiDeness OF tie iaiic In some iuanuficiures ~
n thdt oi cutlery, The labor comparatively every
THING and the raw Hn,siIn nothing, wblst in others
rs ii tn't OF mails the material is worth more
Than the labor. ia ordinary Voocn manufactures
NV "N "icTlti Is nail tie cost, IN those Of cotton
u IS about quar'er II may, therefore very veil
happen, That while country, iva which lahori5 rl,
c7hnoi c"ntcnd with othors 10 which II is chem IN
the manufacture Of the finer fabrics. II rnicbt
successfully rival them in the conrsor not mere
" because The first cost Of the latter would he
Pr"porinn'ly less enhanced by The high price
=" hbor bnt aiao by reason q The greater xpense of
tran ggrtaiou.
belHs pow ascertain the proportion which tiie raw
c1pi wages and profits bear 20 enc other in orr
WOODEN manufactures, by averaging the statements of
such OF tie witnesses u5 disclosed these Gtets with
sufficient precision.
j" da'enn thc ya,ue nf The raw matorlll. w.
have, 10 every instance, tie quantity and cost
o. ih' wo" from The psiiiyc testimony Of the wit
ness bH Che value uf The dycstus aud other male
f'ls "h 10 some cases be- computed 10 the rate of
eighteen dollars for ey,ry thousand weipbt Of vol
80 conformity with dIia furnished by other cases
Under the head Of wages will 30 coppreI,eDded
POI merely those received by thn ordinary workrnon
bn' aiso hose pnid Tor pecuia skill; and for supcrin
Tendance" and other cXtfa services The Whole
nNmoer OF persons employed IN ihcse selsc cd manu-
iaf"nfs was gre including women aud Children -.
thfy manufactured 403 zoe pounds of Won. IN n year
1hd th.ir average wsg"s wus Upwards, of 200 each
The profits VIII be ut down ~ 10 FER cent. on
the cepitlI ciock Although This is more than
- "i..r - we UrrHfactunug establishments TO-
i-r .. q. 4-- -'fo s.: md. an or1,oyer rncnr,e