Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1863-05-08
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THE FACTORIES AND THE sPECULATOKs'

THE FACTORIES AND THE sPEcULAToks'
NJ + NJ Holt proprietor of factory IN Ala
Names called on us on Monday and assured US that
a paraerauh in the Milton Chronicle, copied into the
Pfoorsss does him great injustice. de mas nau no
son detailed out of the army to work in his factory
The has one with him that had been there before
the war commenced and with whose service ne can
not dispense without serious detriment 10 ,hLS
business Some of Mr. Hollis sons promptly en'e
ed the service as did some Of his factory iAiuS' "
the commencement of the war. u,oh
Mr.. Holt assures US that he has eeen Selling oun n
cotton for 81 for some time and now sells al IhaI
price He thinks, however, he will have 10 auVanSe
Il to $5 at an carly day. OF il it Is Drought
here and sold fer $40 and S12 the Spectator mas
heavy margin. Sheetng he sells at tie factory AZ
40 cents and osnaburgs at 40. He says he has had
10 give manufactured goods for supplies in some
cases because he could not buy them WIN the
money. Mr. Holt expresses a willingness to open
his books to any one who desires to examine them,
and that he>can thus show that he has conducted
his business strictly n accordance with the rules
established by the meeting of the manufacturers
held at Greensboro, and that he has never gone be-
yond the IS per cent. profit allowed by law.
We make these statements in justice to Mr. Holt,
being unwilling to do any one injustice.
We are satisfied that the profits of the factors are
large but in many instances those spectators who
buy their goods make two, three and four hundred
I thank thee Jew, for that word injustice,
and if this paper does any man Injustice its COL
Gnns are always open to the aggrieVed party 10
place himself rectus in cura, and no man surpasses
us in willingness to make the amende honorable
We did not say that Edwin NJ Holt was the man
we referred to nor shall we say that he was not;
We remarked that the factory was not far from b.
81. HIS. But as the shoe pinches the gentleman,
Mr.. Holmes" desires US to call him to the witness
stand and PROFOUND a few questions which he Will
please answer.
Come forward, Mr.. Holt, and be sworn.
You say that you have had no SOC detailed to
work in your factory. Now sir, We ask you 1t this
son Whose services" you say you cannot dispense
with did not join Capt Wilson's company called
the " Hawfield Boys" in the beginning OF the war,
and did you not subsequently have him detailed,
first by Gov Ellis and then by taking the conscrpt
oath, which oath. if we mistake not, required you
to swear that you needed his services an opera
tire in your factoryP CThe relevancy of this ques
tiou. will be. demonstrated by question number 3D.
Question End. When, where, and to whom did
you sell bunch cotton at Stand in what kind of
currency, or.barter were you paid?
Question Srd. You "thnk that you will have to
advance to S5"-Inay we be so bold as to ask why
yon think so, and what your cotton and labor cost
your Recollect two years agSbefore the people
felt dependent on you cotton lords" you were
monsrous glad to sell bunch Of cotton yarn at 81
cents Admit that you pay higher for cotton, high
for labor and higher for every thing else you can
afford your yarns at 81.
Question 4th Mr. Holt, you say that you sell
your sheeting at 40 cents and oznaburgs at 10
Be 30 good SIR as to inform the Jury" when and
70 Thom you sold 1T these prices and also state
what kind of money or barter you exacted?
Question 9th. You say that you have never gone
hey Ond the 70 per cent proft-now sir, be on your
guard, to whom do you sell at this profit? Is it
almost entirely disposed of to your exempt son
sons, and in nine out Of ten, do you not tell
swell men that you have neither yarns or cloth
to snare, and will not have any soon-thst the en-
eseements are far ahead &c, and are n6 these en-
agreements made with your son or sons and do they
not sell their yarns and cloths bought of you for
enore than double the conscript price? Please ex-
Plan new it is that your son James Holt, at Thorn
Ssville gets and is selling so many Of your goods ct
high 1rices, and why it IS that Caswell man can
r,rely buy bunch of yarn yard Of cloth direct
ly FROM you for any amount Of Confederate or State
paper.
Qucstion 9Th. You admit bsrtering manufac-
lures for supplies" now tell whether or not you
ever sold any of said supplies" also their nature
and az what price you sold them?
Qacstion 18th. Can you tell whether or not T.
Il Fl It at Haw River, took the oath to exempt
MS hands, and are not you and his brother William
selling bis yarns at from 81 80 to So per bunch
Question Sth. Please state to the Jury" Bheth-
you have not refused to sell North Carolinians
yarns and cloths III order to send supplies of man.
nfactured articles to Virginia, where you could
realize larger profits?
QUESTION 9th. You say that you sell yarns at
81 will you please state if you never refused to
let Toor soldiers wife have a bunch of yarn at
that price, even So or So in Confederate money!
lothly, and finally. Do you know of any other
Factories IN your county pursuing similar course?
Please speak out sufficiently loud for the conscrpt
otcerto hear you, it is his"duty to enforce the
law. -
H.. in,, al +boea ,r,as,;oo;,, ,o-,;t -, -
say that do it for the benefit of the Messrs
Holt than ourself They are gentlemen who stand
high IN our estimation as men, and who we have
always respected as good, clever citizens-none
more So But this war is developing strange things
if not strange bed-fellows." So many Of our
county men have visited these factories and been
sent back 'home as they went, that the camor
against them is great and the charges lisped by
thousand tongues worthy of clearing up" The
character Of these charges is typifed by the ques-
tons above, andMr.- E. NJ. Holt ought to give us a
half dozen punches of his yarn for calling his at
tention to them, if they be untrue-otherwise he
will probably not even thank us.
But to test the fact that Mr.. E. NJ Holt sells his
yarns at 81, his sheetngs at 40 cents and his or
naburgs at 40 cents he will be waited on in few
days by many citiZeQs Of this town, who must not
be PIT of with the reply "not bunch to spare
all engaged" nor must Virginia wagons drive up
INN iately afterwards and buy just as much yarn
ate the JEFF. Davis money, and exact corn, wheat
Hour bacon, cotton and turpentine OF the gold and
silver or their equivslent-the JEFF. Davis paper
and all such as will pay taxes must bring the yarns
End cloths, or we may conclude that there is more
truth than poetry in the allegations. Our readers
bhsll be advised of the result-Nilton Chronicle.
S.ssAFRAs An exchange paper is under the i'm.
PRESTON that in the colonial times sassafras was an
nricle Of commerce This is true; it was so large
Il exported to England shat it was becoming rival
ut tea and by the influence of the East India Com.
p"Iy an act was passed putting stop to the trade
TIE blooms, or tender buds, were gathered and
Led Tor expectation, aud these are said to make
" ster beverage than the bark. The season is not
" too late ia some parts Of tho COnfederacY, at
i"sst, For experimenting upon it.
NEW YATEEE D9DGE.-Ths Yankees have fall
len upon nsg dods= to evads the CONSUMPTION act