The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1867-02-16
colloa Factories I'm M soalh.

vs. sommsad llie filleeiag hfdelf
from tlle lieslsr bmm 4 lhe alien
Nun NJ ouf fehan
W. ore ual pftmrd Iuh nov Nv
state shat wauI,l le lbt pf8lmLleeai.
pef spindle, lo pH ~ y eoiion hoio.
y herr, and stink II with llo best
machinery bot u IL certain that the
cost would not bo very considerably
greater than before the var, and
when placed nn lhe gold lasis, u
would bs lcst II matters very little
what a thing will cost when W.
know the profits will Ear exceed W.
and there can be he question bat The
manufacture Of ooiion and WOODEN
goods u, IN this muniry the most
money making business men can en.
gage In, No land Of Ophir, disooy.
cred In modern times, has paid so
wcll or 40 certainly, The whole
power Of the Government has been
employed to make II pay, and one
hundred per cent upon the capital
employed sa profit by no means I'm.
common in The North,
And yet the North has expenses t.
incur IN manufacturing cotton good.
which would bc wholly avoided here
They have 10 repay the cotton tax q
three cents per pound, which, il III,
cotton Of Bosicr were used here
would not have to be paid, and woul,
be clear profit to the manufacturers
They have to pay the cost of ship
mcnt from here to New Orleans, an,
from there to their factories, together
with the insurance and the commits
sions paid to every intermcdiOt,
agent. Finally they--or rather th'
consumcr--have to pay the costs o
handling, insurance upon freight, an,
the goods back here TO a market ]
is true that all of these additionO
costs come out Of the consumer; bu
if the goods were manufactured here
they could be sold at the same price
as Northern goods, and consequent
all these expenses saved would b
so much clear gain to the manufac
turer. II the Northern manufactur
er, who pays all these expenses
makes seventy-fve or one hundre
per cent. net profit on his capital en-
gagged, what would not be the prof
if no such expenses were incurred
England and France are wealth
and great by the immense profits {
their manufactures. They have [
pay an enormous tax upon all thei
goods brought to this country, in ad
dition to the much greater expense
of more frequent handling and long,
transportation. Yet they sell thel
goods here at the same prices
Northern goods. They pay the in
port duty and the greater expense
sell as low, and yet make such hug
profits that they are the wealthie
nations on earth-their manufactu
ers rival princes in their expcnditur
and standing abroad.
Before the war, we gave as an e.
cuse for not manufacturing our goo,
that labor was scarce, and was mo
profitable in the cotton fields. II
real truth, however, is that the rel
tionship between labor and capt.
was different from what it now
Labor was then capital, and cou
not be hired at a great profit. Lab
is now free, and can be hired at ju
what il is worth, at the factoric
, There is enough of it now loungin
begging and stealing throughout O
country to work a half dozen of 4
largest factories in the country al
il the factories were established
could be employed at the most re
sonable wages. Such a life of moi
excitement and crowd just suits {
a negro. They soon become adopts
. the work, and are healthy and co
. tented in pursuing it.
| Even if the labor had TO be il
/ ported with such great inducemen
j. it should be brought here; but tn,
/ is plenty of il here now. No bet
e occasion for the investment of cal
S tai was ever offered. The china
: productions, position, with relation
f the markets of the world, and I
+ abundance Of the kind Of labor
c required, all offer superior advantal
& to any other spot which can
e named.