Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1851-03-20
rom ,oe New York by Good. Reporter.
WOOL AND W00LENS.

The Evening Post Of the 9th ult con-
tains an article under the title of "Tnr
NEW ARGoNAUrs & THE GOLDEN FLEECE"
in which the editor lahors through bali
column to prove that the increase of wool
en- machinery in the United States adds
nothing to the consumption OF native wool.
IL order To sustain TINS novel position he
asserts that the BAY STATE MUS are pro-
dncing from Buenos Ayres woods costing
g Ia a &c per h., Shawls which sell freely
in our market at $3.50 each, but for fear
that some exception may be taken 10 our
statement of the Substance of the article,
we quote the copy
4" Let us pursue the history Of these
shaws a little further. The South Amerl-
can Wool of which they are made, costs
about SIX cents aud a quarter pound, aud
in cleansing, II iooses about half It's weight;
1t may be taken, therefore, to cost the man
ulaclurer about twelve cents and a half a
Ill., 1t requires three pounds of wool to
make one of these shawIs; they measure
sixy-six inches one way aud one hundred
aud thirty the other; aud the expense of
the ,as7sufaclaes beng added i.ssiia; IS the
material, they have cost the manufacturer,
when they are finished, taco doYns each
He sells them 10 the market for SIX dollars
aud fifty cents, and they are retailed for
eight dollars"
After the above exposition Of commercial
and manufacturing knowledge we think the
patrons of the Post must conclude that the
editor, though good pilot in fancy realms,
and pleasant companion ia poet land is
unreliable when he attempts the dry details
of manufactures and commerce. In fact
The article is so absurd and ridiculous that
il Injuries the cause It designs 20 serve, as
every one, however slightly acquainted
with the wool market knows, that the I'M
-Burry-Buenos Ayres Wool is
worth now IN open market p cents per ID.
This Wool loses 81 per cent. in cleansing,
and the Shawls weigh 3 IL lbs. requiring
10 ID lbs. of Wool, and, therefore. allow
ing his statement true that the mills are
working Buenos Ayres wool for this quality
of Shawl, (which by the way we do not be-
lieye,) the cost of the material stands thus I:
10 - lbs. at % cents, making 81 62 ~
instead of 8 lbs. ai 6 IL c. making 81 ~
cents In addition to this the Dye Stufs
/ (all dutiable) aud labor necessary To con-
pIele the fabric bring the cost to s., 20,
leaving : 40 to cover commissions, inter-
est, freight, storage, &c, &c, aud protect
the manufacturer against losses by bad
STYLES.
Notwithstanding the transparent falsity o
the Posts article, We are inclined To believe
that the worthy editor has implicit conf
dence in his calculation, and that he real,
thinks the Bay State Mills are making 81 +,
50 profit on each and every Shawl produc
ed, as we find hlm re-asseriIng the same
thing ia his issue on Thursday last bu
10 use one OF his own phrases, :" Let u'
pursue this subject a little further" Tn,
capital stock OF the Bay State Mills was las
year 81 600, OOO; aud they produced 400,
900 shawls, which at profit of 81 80 eacl
would give 30 the stockholders s 500 900
: or DOC, 900 more than the capital invested
making II one of the most lucrative stocks
, IN the country. Now If the editor OF The
Post or any OF his friends would like TO IA
vest ia this lucrative business, we will en-
) gage to supply them with all the stock il
these mills they may want al 5 per cent
; less than the par value Should the edi
tors figuring be correct, he will lose M
time in avaling himself Immediately of thu
oheT mtue III gonu tdith, dhu WnlCh we Dl11
ourselves to hold open for one month. w,
: would extend the time indefinitely, but III,
: stock is at present unwarrantably depress
ed. Ii should sell at par, as the Compan.
are doing a very fair business, aud the abb
manufacturers are acknowledged 10 be a
mong the very best Wooden Manufacturer
of the country.
There is an attempt made IN the SAINT
article 10 convey the impression that th,
; duty on raw material 10 nominal, aud OF
: fabric exorbitant. We have shown IN TN
! first part Of ihls article that the low grade
5 of Buenos Ayres Wool were worth ia GU
5 market % cents per ID, aud woulo in add
lion state that the Importers profit is verl
| ,mall-but allowing that he realizes 8 cent
l per h., or profit Of % per cent, the For
E elgn cost, with the charges, would be q
o cents per To-, which, at a duty of 80 pc
G cent. wonld make q cents per pound, or d
. cents. on the 10 ~ lbs. used TO prodnc
u the Shawl. Add to this the duty upon eve
. ~ other article used in the American pro
i duciion. except labor, and you will max
= about 80 cen.s duty paid upon each and e'