Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-05-20
76,2ol 60
10000 90
The pay, in wages to their operatives per
annum
ll6,29l so


ll6,28l so
Thus. continues Mr. S. By the capital OF $l4o,ooo oil
this gle factory market il furnished Tor the pro
ducts OF that county OF $4,000 Inc labor OF the
operatives, alone, supports not less 'han ouo persons
and these consume weekly Of the products OF agricu
ture not less than the value OF 200 per week. IN oee
pork, flour, butter, eggs, milk, cheese &C. eq"ai -
$40 400 per To sum up The whoie IN MS o"',
words: tsThus 81 APP 900 is the agricultural capila
now in reousition TO supply the manufacturing invest
,nent of $4,000 This supply consists OF the wool,
soap teazes and frewood, used in the factory OF WIN
ter fodder and pasture for the sheep ana pro-
vender for the horses, and TODD tor i'o operatives WIZ"
their families, estimated at oOO
Here then is large expenditure, beneficial to most
If ALL Of the inhabitants OF the county, IN greater
or less degree the manner as the who're poPu-
Iaon of ENGLAND is or less benefited oy their una.
nuf,ctures That is as long the manufactures can lind
profitable market for his products, anu as long as e
Government. absaIns, from heavy Grect taSat'oh, ou
weichns the benefits. Is surprising that The people
of Du,chess county, looking alone 10 the immediate
benefits to themselves without regard TO the ultimate
effects even on MemSelreS, 10 the immediate eHect
upon other portions OF the Union, should oe te aus
cates of high projections But let pursue thus state
wont of MI Schenck for the purpose OF showing
it's temporary benefits the people OF Dutchess coun
ty but for the purpose of showing its ultimate results
upon the interests of the whole Union, and also upon
the people Of Dutchess county themselves
By the statement, the duties paid to the government
on the moorted articles consumed that factory, are
On olive oil, 3,5o3 gallons; present duty On
90 cents S'io w
Nova Scotia coal, so chadrons, $1,000 to
be superseded By our OWN I've w
Indigo, (Bengal,) $3.50 lbs, at 10 cents 9Vo W
on,;ss maid 70 Government l,724 60
Manufactures produced, $500 yards
to sd So say average % sla4,494 90
353gl wards cassimeres or kerseys, at -
n - to 50 %; say average 81 40 ol9jo w
III r,rds cans ut 40 cents 400 90
Home valuation, BY actual sales loo,9ao w
Dulv on the above sum of Slc6,J2J, al 33s
per cent F, (at which rate 1t is presumed
; ia '''''s" "'''''' S62,3O5 30
DUTY 30 per cent, on home valuation S31,3oo w
, hoF T ra as per Statement. 1924 GO
''o 1o?,. ~ ar,;cie $50 600 40
AS the does not urnis the amount OF sales
is proper TO state that have ourselves liked the ABOVE
average of sales and that the actual sales may nave
ceeded fallen short of the assumed amount OF safes
The average, however, is founded upon me data lur-
nisbed and IS probably near the truth. This factory
went into operation in 1928; and Mr.. B states the
average profit the investment to be only y per cent
hut, BY Ar. $ own statement, the aggregate oNluehu
from 1881 10 lSIl, both inclusive, beng eleven years,
- IS per cent; which, divided equally among those
eleven years, is 3 l1ths per CENT as follows
1891 dividend 10 per cent.
1892 no dividend.
1888 dividend 10 per cent.
1884, no dividend.
1885, dividend 10 per cent.
1886, no dividend.
1897 no dividend.
1885, dividend per cent
1882 dividend per cent.
1910, no dividend.
i-il, dividend per cent.
In the seven years previous 10 1881 there was no dvl-
dend excep, in the year 1895 when dividend OF per
cent was made; and in le27 there was loss OF 10 per
cent One more fact from the statement, and we VIII
proceed TO draw conclusions 1t states the whole
expenses Of the factory (ncludng the expenses oil
surance. transportation, interest, NC, amounting 10
81 l35 81 and sundries not specified, amounting TO
1875 6G) to be Sl4I $50 Now, our first conclusion 49,
that there error either average OF sales or IN Mr.
Schenck statement of dividend of per cent tor ioll
for the sales of that year being Sls6923, and the
whole expenses but Sl4I $50, the difference would &c
Si2 369 upwards Of 20 per cent on the capital we
call upon those who know the prices better than we DO
say where the is, and TO what extent, II any
But take Mr.. s. s statement Of dividends Tor lhe
last IL years, and there is average annual proht Of
3Ilths per cent and in ISL Of per cent; either Oh
which, will venture to say, better than the aver
age of the rice, cotton, tobacco wheat growers, IN
any part of country in that year; and yet Mr. D
saws "less than duty Of SO per cent the foreign
cost of wooens will not sustain the domestic manu-
facturer The majority OF the committee either doubt