Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1858-03-12
WIN. S. MULLINS,
Pres't w. & NJ. r. r. Go.
Trade at Manchester.

Trade at Manchester.
The following is extract OF letter received from
one of Manchester correspondents by the last Steam
er dated Liverpool Feb. s. The writer is the head of
of the oldest and most extensive manufacturing con-
Germs in England
1t is not surprising that many persons in the United
States conclude that British manufacturers are making
profit because they go selling Yarn and buying Cot
ion. will tell you the reason why they do this To
work ill short time is attended with serious
quences In the first place, your fixed capital remains
the same, working not working Second, the most
expensive hands, such mechanics, jOiners &C., will be
paid full wages. Third machinery requires certain
degree of heat night and day. to keep it in good work
ing order. Therefore fourth you cannot shut up your
Mill three days and work three days without consider
able expense nor you work five hours day at the
same cost per hour as ten hours.
"The fact is, no one can calculate the loss attending
short time. If the Mill be shut up entirely then the loss
can be sccrained and it is considered the most desira
BILE plan and attended with the least loss but if the
Mill be shut up, the work people go elsewhere, or are
thrown upon the Poor rate and then there IS no rent
coming from the cottages, which generally belong to the
Mill.
GAN property is assessed for the purpose Of relieving
the necessities of the poor varying from five to twenty
per cent If the hands have nothing to do they get into
bad habits perhaps leave the neghborhood and can
assure you good hands very valuable. 10 put the
case in very few words it is proved by experience that
it better to work full time with certain Toss OF one
half penny per ID. low numbers the average bulk
of Cotton consumed, than to work short me and just
now the loss is three quarters OF penny per TO- so that
if there be better demand for productions, or if
Cotton does not come down. you may look out for short
time long for you may depend upon it spnners and
manufacturers have been pretty well cleaned out OF spare
cash the last three months and have little left to fall
back upon.
awe !have had few failures, it is true because all,
or great majority of the Cotton trade is paid for in
cash-say for Cotton cash in 10 days. allowing 3months
interest," for Yarns cash in IA days. allowing 3months
interest if sold to manufacturers, cash in month, al
lowing months interest Cloth, cash in l month, al
lowing three months interest. When Yarn or Cloth is
sold to London or Liverpool, it is generally drawn
against at months. India houses require six months.
Il have omitted to say, in the proper place, that
spinner manufacturer cannot very well Afford in these
times of competition to lose his cOnnexon for his pro-
duce if he does some neghbor perhaps takes it up
which is not very agreeable because it would show
want of talent want of MEANS which no one owns
to willingly There is also great jealousy in some of oar
large districts One will say, i won't go TO short time
unless - does; [ can afford to lose as much he
cam Other large concerns say, We must break up
the little Ones and so Short time is dreaded about
much bankruptcy you must not therefore, conclude
that because the mills working full time it is at
tended without loss. The margin between Cotton and
Yarn is less than for some years pas-ess by one pen
ny, than when Cotton worth 915d-now worth 73sd
This may appear strange to you, but it is true
A RARE Cory OF THE ScR1prUREs-An esteemed
correspondent thus decrbes recent discovery of
and valuable edition of the Bible:
| The book of BookS-When that good man, Sir
Walter Scott, his deathbed, and during the few
hours of vOucsafed to him before he expired as
his son-in-aw sitting beside him, he said to him
Read me something john What book shall | read
Sir Water?' Need you ask there is but one,' re-
piled the pious Christian Mr.. Lockhart Immediately
took up the Bible and read the l4th chapter of st.
Johns Gospel. copy of this best of Books has just
been shown to and in is such have be-
fore seen and will venture to say few Of
readers either. This precious relic is very near four
hundred years DID, having been printed at Venice in the
year 1913 by that fine fellow as DIR. Dibdin calls him
Franciscus Halbrun. Yet, Notwithstanding the four
centuries it has been in exercise the volume is clean and
perfect as if had come from thepress last week the
paper stronger than that of almost any modern book
as white a lily, and what is vast desideratum with
bbllOmanacs the margins usually broad fully two
inches all round; its only bemshed, and that would be
deemed beauty by many is three minute worm holes
piercing the first five leaves close to the bottom of the
margin.
The book is small quarto printed in double col
umns, and in clear Gothic type. Perhaps one reason
why it is in such perfect preservation, may be attrbu
ted to its having been originally bound with beech
boards secured by brass clasps which, however, were
much it is in rich Turkey morocco, the in
side lining being of satin, and enclosed in cedar case
lined with purple velvet, whose outward appearance is
that of volume bearing the title the treasure
it contains, viz: Riblia Sacra, Lat. Venetius Hail
brun & Bartus MCCCCLXXVIII
"This beautiful and unique relic of antiquity is in the
library Of Mr.. r. Bamanno, of South Brooklyn, and
ranges next to a copy Of Livy, printed by Adus, at
Venice, in 1855. Ali hail to Hailbrun Aldus and all
such fine fellows past or present"