New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1859-04-25
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| lEne following communication appeared on satur
day morning last in the Weekly Mirror. Believing
that our readers are interested in anything that tends
| to the Advancement Of Southern manufactures. We
take pleasure in placing the communication in or
| columns j
EDrroKs MIRROR Gentlemen in common with
many OF your readers the writer Of this article has
long been persuaded OF the importance Of foeering
home industry In the South and OF encouraging aii
descriptions OF manufacturing enterprise.
We have among rs an abundance Of the crude
elements Of wealth-the raw material-but hereto
fore have Dsapey neglected to take advantage Of
our position, by establishing such manufactures a.
would make Us less dependent on foreign states and
nations, and have even withheld that encouragement
to industrial enterprises which the painest principles
Of state and political economy suggested.
few years ago the question Of Southern Manu-
factories was extensively agitated in New Orleans
and other portions of the South, and the dawn Of
brighter day was generally anticipated. In May,
1856, company was organized in this city, under
the style and title Of the New Orleans Manufacturing
Company, for the manufacture Of hemp, cotton,
Manila grass and other fbrons substances into yarns,
cloth, rope, ETC. This company, by an outlay of
$40 000 obtained the right OF using Philos B. Tyers
Patent Rope Layer within the nits of the State of
Louisiana, and proceeded to purchase grounds and
erect the necessary buildings in Jefferson City The
location was an excellent one, aud no pains or ex
pense were spared in making the buildings all that
could be desired for such q purpoee-commodions
substantial and freproof Indeed, the bare cost Of
VIC oohoihko WIS octWeeu Sz0JUUU ana VAN
The machinery, which cost about $50 900. was
made under the immediate superintendent Of a
gentleman OF great experience in such matters and
when the whole was about completed and ready to
go into operation the unexpected death of the Pres
dent Of the Company. and the interruption OF busi-
ness consequent on the terrible financial crisis Of 1857
rendered the Directors Of the Company incapable Of
disposing Of sufficient portion of their stock to en-
able them to meet their obligations, and the conse
qnence was that the property OF the Company worth
500 900, sacrificed to cover debt of S25 600
Since that time the factory has been lying idle, and
is now advertised for sale Thursday the 18th inst
BY Julian Neville & Co., Auctioneers, at the CITY
Hotel. '
Though we regret the misfortune which attended
those who originally invested their money In the
enterprise yet it enables the present holders TO
dispose OF the property on accommodating terms,
snelr individual loss may prove TO be public benefit
Inc writer OF this visited the premises few days ago
and was surprised at the completeness of every branch
OF the works. He is satisfied that in the present con-
dition OF the money market NO better investment
could be made. The necessary labor-which is in.
deed comparatively triing, as most of the work is
performed by machinery-ca be obtained here with.
out difficulty and at much lower rate than is gene
rally supposed and should certainly be able to
manufacture cotton and bale rope as cheaply here as
at any point within the limits of the Union.
To this sale we would call the special attention of
capitalists who DESTROYS of establishing Southern
Manufactures. Such chance is nov offered as NAV
not be again met with for years. Yours,
= FRIEND TO SOUTHERN MANUFACTURERS s
New Orleans, April %, 1859.