The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1856-04-23
SHORT ESSAYS ABOUT oAD1z
TCOniinUed.l

establishments. Besides all these benefits
they are profitable in a pecuniary point OF
view. Immense sums are realized annually
from them. where they are conducted on
sufficient capital and with fair management.
Not being an architect nor yet machinist,
| could not state what the probable cost
would be to erect and put in operation such
an establishing nt-I mean woolen factory.
But say the Gust would reach twenty I've
thousand dollars, the annual expenditures
f1r employees should be thirty Thousand dol
Ia,s--the annual outlay for wool should be
ninty thousand dollars; the income most
reasonably would be one hundred and
eighty thousand dollars! Now, would
propose that the cilizens of Cadz and vicin-
ity-I mean men of capital and business
Appoint time not far distant, but imme.
diately, for the purpose Of taking into con-
sideration, measures for the best method
and the most expeditions plan of building
and getting into operation a Woolen Factory,
and further, that the required amount of
capital be divided into shares of 500 each,
and that the enterprise be made joint
stock concern, so that those who are not
able to take more stock, can have tie privi-
lege of Que share ard thus much aid in the
work. Now this will be speculation to
those who embark in it, as lucrative as il
will be ennobling. As | observed above,
the annual income at low calculation W i
le$I8O, ,OnO, Out Of this; / judge, iht
Who'll" expense wou'd be covered by $3.50.
900, leaving net amount OF $50. 600 tUt
annua dividend. Say then, thet the Com
pany. consisting Of twenty indi,iduals;.kav
on an average invested in stock Sl,25O,
and the building is ready for operation
Now it will be necessary to procure loan
of, for instance, say $50 900, for the pur
pose Of purchasing wool the first season.
Here now we have $3.50 each, in tht
building-have bonds ont for 100000
have one hundred hands (men, women
boys and girls, in employ. at yearly ex
pense Of say $50 oO0--have an inc:denta
and coal expense of, say, $4,000, and a
the end of the year find we have realized
gross income of $4,000! TIE bonds
are then lifted and over $4,000 interes
paid, The employees are paid of, coal ant
incidental expenses liquidated, DIVIDEND
made, and we find we have to each stock
holder over $4,000! A Rothchild's in
come! Neither will .here be any difficult!
in realizing this income, for our own count
produces enough wool to keep he establish
ment in operation, and if it were boush
and manufactured here, is there any rea
son to suppose, that woolen goods could nc
be afforded cheaper 10 consumers in tins
part of the State than eastern factories co'd
who buy the very wool from amongst us
,hat we cons me, and are compelled tc ait
the commission paid to wool buyers, on
the cost of deportation from ibis plaC
thereto the price Of their fabrics? n
reason at all, il could unqucstionabIy b
done.
Nj only would such an enterprise be
nreM aAdliJn to our town, but it wpul d n
81 form q grand feature Of commerci'
trade. for thousands would be added TO th
income Of our merchants and trsdesmen =
Our town woald present during the woe
season Il lively and business-like appeal
snce, our streets would be thronged wit
men and horses and wagons, our stores nj
{ shops wot ID be crow led with pure asers
and in short; there would be new era
affairs,
The next object that elicits our @ttendo
is boundary The advantages attendin
an establishment Of this Kind, are no les
than those have enumerated in connectio
with the Woolen Factory. 1t is true Cad
once had boundary, but how was it con
Quoted? Mepgrely indeed. None save on
or two men, were there to support IT, Mt
OF capital stood aioof and lent no encouTag
ment whatever Az last for want Of l1eal
| and want OF support the enterprise wei
l down. The operation too, OF hauling pl
e metal from the river, was inconvenient, e
pensive and laborious, and cyerythil
seemed unpropitious But now circumsta
r ces are materially modified By means
6 onr raj road we have cheap and expec
: tious line of transport to and from the rive
so that the former obstacle in getting pi
iron from thence is entirely removed d
to m Ike our boundary still more proftab
a department for the manuf acture of
g kiods Of agricultural implements, machir
{ Of all kinds, edged tools and everything us
ally made in such establishmeu ts Nov
m it is beyond question, that an enterprize
this kind. entered into and sustained upo
The joint stock principal. laid down in ref
ence M the Woolen Factory. would thri
: and prosper and prove itself to be lscf
= tive investment. Besides this, mark 4
= maine and dignity with which such wor
" would clothe our tawn2 Then citizens
Cadiz and Cadiz township. il is time
Il wake up to the Importance Of this mo,
!, ment. Manifest designs and works Of