Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1831-05-30

In CITING an opium o. ,he esuses sh. mar
ufaeinring IL 30 haek~ ard m Virginia. shaal,,
pr"oaoy say that one gtc=; cause has been
inst hosi'iiy which has existed in The mnds
OF maay persons whs belle rd il 10 be the in
'efei OF the State TO be mostly asreullurs |,
partly commercial, i not al all n, inulac,u,inr ex
kept ih The merely domestic OF household way
utnefs having seen the want OF economy in the
virginia character have thought that this alone
"ohiu prevent snccess--Oihetss .hos lacked
knosieuse have imagined that IL was ielhing
Nmcn could not be dohesbI u.s. and therelote
were mol disposed Ia use any eaofis. At any
rate Tor The establishment OF factories unoa a
Respectable scale much money IS rocnired, and
"ere ~" individuals who themselves have that
] amount, care to fish il in a business with
"aich they themselves are totally unscquainied
and oil which they have s.en no praeticsl, pro-
h'apie. experiments in their own vicinity and
ny Their own peoae. Hence has been Ill. ne
cess,y OF joint Stock Companies-A man
would venture few thousand dollars II he
Could do 80 without endaugefing tue bulk OF his
estate vi late some persons have gone into
the business. they have procured knowledge
which Is sotnew ha, dtliUsed--ihis has inspired
MOTE conHaence-pabitc opinion IS changing,
and manufacturing becoming more popular as
u is found to be MT 30 totmialahle or intricate
but that It may be proi,aUiy Conducted by Pi5-
einiaos.
Up TO this time, those who have been enga-
ged IN the business have had 10 eneouirtef ma
ny diitculties, which tnose who follow may
now avoid or overcome mach more easily.
Public atentioa has been seriously excited
to a consideration OF the eIpedieucy OF estabN
iisnng Mandatory of Cotions, in or near
this place, by the satisfactory exposition ofihe
condition OF The Petersburg Company, furnish
ed US for pablica ton by @embrr OF the last
Legislature. sod inserted in this paper week
OF two since. We hope 10 see, brtore long,
Company for the purpose organized under
The Charter granted by the Legislature session
before the last. The advantages of chartered
Companies over partnership concerns, ia such
pursuits, are obvious; and some ofihem are
strikingiy illustrated by the answer OF William
w. Young of Delaware, to question address
ed TO him by the committee of manufactures Of
the House of Representatives in ls2S Des-
cribing the establishment in which he VAS
stakeholder. he remarked At presen, il is
an Incorporated company the charter was
granted in 1925. Before tina, time it was a
copartnership interest. The reasons for OBJ
tanning charter were that Ntihum Young the
sole proprietor wished to divide his interest in
The establishment, being the geeaies' vi his es-
tate, among his heirs, ana that he could do il
better in sock than in the u operty as it before
existed and because also If the company was
not Incorporated, The necessity would arise OF
stopping business 10 set the estate, in case Of
ne death Of either partder whereas,hy the ia
corporation, this necessity wouia be olivia
ied'
The beneficial influence which large manu-
featuring establishments exercise over The pros
itrny OF communities in which they exist, are
not now 10 be demonstrated by Argument.
Stubborn facts, in The brief history of our own
country, sufficiently attest them. By casting
thl eve over the late census, we are struck
with The CONSTANTLY recurring fact OF The aston
shin ,iy great increase oil population In towns
where these nurseries Of comfort aud wealth are
located, SO vastly disproPoioned to the slug
yish growth OF other towns which have discoun-
tenapced their establishment Four towns, 10
New HaPshire, for example TO which We find il
conven ieni now TO advtr.) in which the p IN
cipal manu- scturing es,a bishmenis Of that state
are said 10 be located, show the following IN
,rcase in manhattan 10 the last ten years