Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1860-08-27
For the Leader.


writer sent private circulars to few citizens
of this place, setting forth the advantages
which Cleveland possesses for the wOolen
business, for the purpose of getting an ex-
preston from those who were in favor Of, or
opposed to aggregating a capital for this
branch of business. To answer those inqui-
ries l will state that experience has satisfied
me that there is more money in. Cleve-
land, seeking Investment than we have been
disposed TO believe, but it is in the hands of
men who will invest one dollar where they
can see a return of one dollar and half,
and what is particularly unfortunate for man
ufaeturing purposes, they will not relinquish
their hold ofthe dollar until they can secure
the dollar and the half with the other hand.
There is large class of mechanics and
well wishers to pnblic good who are disposed
to encourage this enterprise, though this
class might not be able to furnish many large
cash subscriptions, yet much can be expect
ed from them, in the way of work and mate
rial for building.
But the most complete setback was from
those we had been eneonrasAd to -holinua We
might expeot tle most from. One of the
oldest and largest landholders utterly refuses
to do anything, and still more positively dis
courages a worthy mechanic from contribu-
ting the small amount ofstock he would 9th
erwise have taken. This course, on the part
Of a wealthy landholder, is perfectly unex-
plainable, when as remarked by a manufact-
urer from the East, who spent two days here
in putting up wool for his own use, the indi-
vidual referred 10, could make money by
building the factory, and filling it with ma
chinery for some other person to run, if even
he made an entire loss of the investment
Such is the statement Of one who knows
what factories do for place, and which con
firms fully our view. As remarked, It seems
unaecountable that we have such men 10
one who is accustomed to visit the factory
villages Of the East, and witness the sdvant-
ages resulting to landholders, wherever they
are located H
! The industrious and consequently happy
community with which such villages are
peopled, and.the large dividends which al
ways accompany such investments with
proper management. InOw remember one
institution where the agent satisfied me that
for the last five years he paid SS15 per cent,
year to his stockholders, ,iucluding the year
1857. In that village there are no costly
marble stores, the expenses of which add 20,
40 and 100 per ct.to thecost Of the goods which
80 soI5 =, A., -, 4 ~ ~ &c ,or,,.o =, o11
well enough in place where all are able to
pay the extravagant and unnecessary cost,
though it is difficult to avoid making the
contrast in the village referred to, where we
see nothing but plain and com Portable dwell
| lings, stores'and mills and where there are no
occupants struggling with the grasp Of pow
erty, not knowing where to procure the mon
| ey to pay their next rent bill. On the con-
trary every man, woman and child, who
wishes, has the means Of earning comfort
able and honest living, and what's said Of
this village is true Of all New England fac
tory villages where such thing as pauper-
ism is unknown. From our experience it is
evident that not much can be expected from
landholders, though one with cOmmendable
zeal has offered to donate to a company land
sufficient to locate the buildings. There are
other men who have no. land 10 be benefited,
who have pledged m oney as loan to com
pany which may be formed, and that too, at
satisfactory interest. --i
Twill remark for the benefit of those who
wish to devote their energy in this direction,
that the most encouragement has been from
those from whom it was. least looked for, and
those with moderate means having a com
Portable home, they having seen in Europe
and New England the advantages of associ-
ated capital It is my confident belief that
sufficient capital could be eaggregated to car
ry out this enterprise from among this class.
A book has been opened to receive names
end the amounts Of those who arc
ViIling to take one or more shares, provided
a 8. efficient amount can be raised to insure q
6DoI. uccess. @
Tbo 'Ooks may be found at the Office Of
Ar-.ti. 20 Il OIL Company, 100 Bank street,
- a sny Z, :, 7ho wish may encourage a very
-, oItsrn. Use, and make an investment
which we think they will be pleased with !;
Va g.li = ,bs .sTliest hour that such necessary
am,oa1pt is pledged, he subscribers viii be
called to meet and taiSe such preliminary
steps as a majority Of the. n may Judge prop
ar. tt remains to be seen who viii respond
to this call.
August 20, 1859. 4 e ~ sICI
~ RefrigeratOrs, Water Coolers, Ice
Cream Freezers and Bird Cages, for sale
,,bean Al m manufacturers prices, at sr7gs
Nl--e--f L. M aRNINla-