The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1845-09-19

you 70 our STATE Out hnO ChH uouul
hat the introduction OF manufactures would |
,lve Us large acccsslons TO our white pop I
llatloa. ANY one who has looked at the
progress Of other countries that have in.
reduced manufactures, can attest TO the
ruth, that i, has, in all cases, beltered the
Of all classes, BY enhancing the
value of agricultural products, and giving
profitable employment 10 all who are will.
ng to work.
Each mill would require about s25000O /
capital to put It in complete order and fur
nlsh all the mercantile capital necessary I
10 lis successful operation. ST., 100000
would be requisite 10 establish so mills aud
carry on the whole business. Oneiourth |
of tins sum would be mercantile capital, !
the greater portion Of which would be fur
nshed BY our banks, and afford them the
kind Of business which IS SO desirable TO
all banking Institutions, and the lack Of
which is the reason Why our Banks cannot
paw good dividends to their stockholders.
The operations % the Naucluse Factory
are principally carried on BY credit from
the Bank Of Humburg, when II IS necessa.
ry 10 purchase cotton for the supply Of he
factory. That institution discounts the
bills Of the proprielors drawn on Charles.
ton at SIX months. These bills are met in
Charleston by payment IN money, or
what IS more desirable TO the Bank which
has the collection, a draft GA the comms.
sion merchant Who hos charge Of the sale
of the manufactured goods IN Charleston,
New Orleans, Baltimore, pAilldeIphla, o.
New York, and these dflils are drawn at
10, 90, 80, 60, 90 DAYS, or months, as
may suit the parties drawing, as well as
those who discount the bills. Con any
man doubt as TO the pracacabihty Of rals
ing SO large a sum- Prove the business
TO be profitable anu Il viii soon be forth.
coming, either from capitalists IN or out Of
the State, and It matters not 10 us when.
Ii would, however, be years before II
could all be applied A single NH such
as we have named could not be puI in ope.
ration in less than two years, and with all
the zeal we could bring to our aid It would
require ten, fifteen, and probably twenty
years to put fifty large cotton mills 10 ope
ration, SO that It viii be perceived tina
there is no great danger Of having every
thing turned opsy,uryy hy the introduction
otcotton manufacturing IN S.Carollnn. tbs
changes, however, " tch the establishment
Of fifty cotton factories would make 10 TIL.
Stale IS fruitful lieme for the magma
no 49, :
quality Of cotton more dian equal to til,
entire consumption Of the State Of Massa
chuset.s, and If We'll managed we thinl
would take from her the business Of coafs,
spinning, which has made her the riches
and proudcsi State in tie Union. She ha.
heretofore done the colrse spinning Of tin
country, and the advantages she has Ia,
in the raw material has gwen her The su
premacy over England in this branch 0
, cotton manufacturing, and enabled her I
, successfully compete for, and in many 10
stances to monopolize the best markets Q
the world. And We possessing nearly a
many advantages over Massachusetts a
she has had over England what IS to pre-
vent us from striking for this immense
valuable trade While our presen, agrI
cultural population would remain to be EN-
played very much as i -, 10 planting cot
ion, though we think IN a very improve,
condition these fifty factories with lhel
l. SEQ operatives, could mol fail to do f.
Us what has been done for Massachusetts
10 a short space of time, double our W IL
at fln ttE nj
or thousands of acres of wilderness Ian,
lgIo high state of cultivation, elevate the
condition Of our sand htI population, ans
give, as il has done in Massachusetts,,
new impetus to every thing around US. II
all this change, can ans one for a momen
suppose that the wheels Of our commerc,
are to be impcdeG ? They would, IN al
probability be accelerated four fold. Eng
Iand would not stop 10 count the cost o
this operation 20 her mqgulaGipFdsss al
making the coarse fabrics, AZ will be seen
By reference to her manufacturing and e1.
/ port statistics. The Yankees arc nov
making Efforts 10 compete with her 10 ine
numbers and have made heavy strides and
/ ldT2G iUlDdgS iit1 tttiH VI dug u VI btI AThUEi
ind i. will ouly be through them that our
( competi'ion vii DO felt. a, we push them
from tho coarse to the finer numbers. We
thick it will be considered extrayagant to
predict that the day l., not distant when tho
whole world will be looking to tho cotton
growing States for yarn to supply Their
hand and power looms.
Z 10 conclusion, lct me urge the good PEG.
pie Of South Carolina to press forward IN
strenuous endeavors 10 bring about such
changes as will bring into active use all
the capital in our State 10 set the wheels
10 work and give employ ment to the IDLE
persons around US. Ii we DO not by this
means shorten the production Of our great
staple, we shall cut IF the sources which
are every day lmpoyerishIng Us, and We
shall grow rich in spite Of The tariff and
the io~ price Of cotton, Let Us listen to
no man who will tel, Us hat our delightful
climate IS too debIilating for successfully
qrosecu'ing manufactures. When We have
made fofdorc cur eyes that yarn can be