The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-12-17

npbss XII OOO, 900; value of cotton goods SO, OO0
N NJ the number of operatives employed, 72,llg lhe
ntal invested in the wooen manufacture IN 1910 was
Il 200 900; value of products $2l 100000; persons
tnnoyeJ 81 3I2 In iron mining, the capital invested
Tsl1was 81 900 900; number OF tons of all kinds
oiuced, lollj5 persons employee, 49,; o.o,,o.
H. amount of capital invested in the cotton
kaoufacure at S66,96l ,27j; the number OF splndes
Widowed 2,G7S,571; the quantity OF cotton consumed
III : O1 bales, or lSO,0J0,O0D pounds; the number OF
is proluced, 100000, OOO SO yards TO each ndi-
II iual of the population And in the "Dry Goods Re
r,sr the organ of the manufacturing interest, pub
,hed in New York. dated Dec D loiSi ana now oei3e
Lp find the following estimate, by the editor OF the
1nial &C. now employed in the cotton interest, w:
tIpIal invested, $s0,357,l3o; number OF spindles'
4 ne 500 number OF operatives employed III ,4oo
les o cotton consumed, 10000; yards OF cloth pro-
need 1856 OOOOlD or 37l to each Individual This es-
j ate may be too large, and for the purpose OF my
1rylment will adopt the estimate of Leonard.
Il The amount of capital now invested IN the woolen
,,racture i $50 900 900, as estimated by Samuel Law
r.nce es1 of Lowell, one of the most intelligent manu-
II ,crnrers in the Union The value of manufactured
pods persons employed, NC, probably bear very near
A. same ratio 10 the capital as IN 1910
The IRON interest. particularly IN Pennsylvania has
ae still greater strides In 1910, the capital employed
IN ron mining in the whole Union was $50, 100, 1888;
any produced in tons, l,l36; persons employed,
4 A q7 In Pennsylvania, the amount OF capital invested
}as 81 Al quantity of all kinds of iron produced,
Il $50 tons; persons employed, II 322. In lSi7 &C
Jonling to Mr. Chids the able editor OF the Philadel-
ba Commercial List as quoted in the Merchants Mag
ne vol 49, pages j2j-7 the capital invested in Penn
vana was so, 90 1885, number OF persons employed,
o stated number OF tons produced was 36S,o56, the
aue of which was S23,g23,64U. Thus, IN 1917, did
iron interest in Pennsylvania nearly equal IN amount
capital &c that interest in the whole Union in 1910,
HE capital invested in the whole Union IN the manuiac
IRE OF iron in Isis is probably about 1000, 900
Omtting much Of detail. which will too greatly EN-.
lumber my article, come to the present value of
he manufactures and products OF these three interests
Assuming according to Leona1s estimate, the capital
tho ntIta ~ bt he
value Produced bearing the same proportion 10 the capital
las in 1910, would be not far from 900. The
value OF cotton goods imported in 1877, after deduclng
|he amount exported was ll,2lO34S thus showing
That the production of cotton goods in this country falls
about one fifth short of the consumption and therefore
e manufacture of cotton must be increased IN that pro-
horton TO equal the consumption
As before stated the capital invested IN the wooen
manufacture is S3OOO0,0O0 Estimating the production
Ia the same ratio to the capital as in 1910, 1t will amount
10 Si0U0)O00 The value OF wooen goods imported IN
81 was $l0,G6Jo75; thus showing that, in order to
EQUAL the consumption, the capital and production of this
anch of manufactures will only have 10 be increased
Oneiith.
The quantity of IRON now produced annually in the
United States is probably, about 100000 tons; worth
Si0OO0O)o. The quantity imported in si7 was s5,3ii
ons, at cost OF S3,5Sl,5i In 1915, the last year OF
Inc tariff OF 1872, the quantity was 1922 toas, valued
at S3ls9,93i 1t appears then, that IN order TO supply
the consumption OF the country, it will be necessary to
increase the production OF iron not quite neelghlh of
The present quantity produced.
INCREASING lle 0unoS operatives, Ol ldDpftIs, Ill
these three interests, IN the ratio of the capital in
vested in $40, let how much more OF the pro
ducts OF the plough these interests will demand AS 1t
not necessary 10 be precise IN order to illustrate the
absurdiV OF Mi SINNERS scheme, | Will assume the
present number OF operatives in the cotton manufacture
at 100000 or $4,000 more than employed in 1910;
N the wooen interest $4,000, $500 more than was
employed in 1910; in the iron interest 5O,5OO or 10000
more than employed in lSiO--making in the aggre-
gale, &C. 100 operatives and laboers than
oyed in these three interests in 1910 Yet, as the pro-
tlcton at present in all those nerestswo OF them at
leas-alis short OF the consumption about nehlth, 1t
will be necessary add 10000 operatives and
hborers to the number, and then we shall have SUI
hcn force, with the corresponding increase OF machine
~, 10 manufacture Just cloth and iron enough Tor the
consumption of the whole country.
In England, it is estimated that there three and
a persons dependent on each person engaged in manu-
tlcures But to be liberal, | will suppose that these
1900 persons to be added to the manufacturing and
mining interests bring with them four dependent per
sons, or 10000 making in all 100000 persons distracted
rom the agricultural interest, who, instead OF being pro-
uceT become the consumers OF the products OF that IN
erest. Will they be sufficient to consume the surplus
Gran OF the asnculturists saying nothing OF the cot
Dn, &c. I?
!nshels OF wheat allowed for the consumption OF
each person per annum But, to make my calculation
most favorable to Mr. SINNERS theory, will allow 10
bushels OF wheat and 10 of corn which is twice much
rs can be eaten by person; making, in the whole,
!QOOJ bushels OF wheat and the amount OF corn
which they will consume OF the products OF the farmer
Thus, after eIuahng the supply OF manufactures and
ron 10 the demand the farmers have still some 80 100000
bushels OF wheat and 100 100000 Of for which to
provide market Now, what shall be done
In order TO supply this market will Mr. Skinner go on
transferring men and capital from the farming 10 the man
iiacqng and mining interests If he should do so, he
would compel his manufacturers and on-masters TO
'eed the demands OF the plough interest, and compel them
% 90 abroad IN search OF market Tor their fabrics and
ron bars
The whole immense cotton manufacture of England
employs only about 900 operatives with 100000
dependents, including themselves and the value of cot
oh goods annually exported by England to other coun
Hes IS about SIP 100000 The wooen and iron inter
ISIS do not employ half OF that number of persons And
,et The lcaOie cotton, lc0oIen and interests Of
EHgIaad toere transported 10 uis country, they could not
2Nfume he surplus gran and provisions produced by
ne Amer'odH farmers.
But according TO his theory, Mr. Skinner is bound to
'aance the production and consumption of all these in
eTests, aud all other interests. He is bound to in
Atdse the manufacturing and iron interests will
ne lhem 10 consume all the surplus products OF the
armer and, at the same time them from the ne
eSSy OF going abroad for a market for their surplus,
abrcs and commodities This have shown TO be an
'ucT mpossbillty-a mere chimera OF the bran-a most
'aIpabc absurdlty
But according his theory nobody is to be compelled
go abroad IN order TO exchange the surplus products
nus labor with The foreigner for the products OF the la
~t OF me latter Now, what will he do with the cotton
gaher, to say nothing OF the rice and tobacco planters
ne cotton planter produces 800 900 900 pounds OF cot
Dh cach year OF which the American manufacturer con
uhes Out l'O,pO00DJ pounds compelling him to seek
n~Het IN ioTegn countries for the other 90 lbs
'u-t not Mr. SINNERS plan TO remedy this Let us
zee now much he must increase the capital, and the
lumber OF operatives OF the loom, in order to do it,
W lhont gong INTO details, my calculations require
Nari,d OF rJI2boO,OOD; value produced at least
'ogo'uJIVoJi about l15DJ,ODO spndles; 52j 600 ope-
duVes, with about 100000 dependents including |
themselves who would consume only 26 900 900 bush
rs oil wheat, sut leaving surplus in the hands of the
atheI' suPposng the surplus to be great as now 1t
/, N,rIs md clnth