Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1868-12-08
Home Calculations Manufacturing
Cheap in the West-Why Dear at the
East

how best to employ their surplus cap
ital-the same now invested at d loss
or with rcant profits in merchandise
or land. NJ doubts as 10 the future
prospects being more unpromi-ing
than the past. AT the low prices OF
grain, land cannot rise it may fall
the interest and tax measure the loss
upon every acre, and farming pro
Dues no balance. There is no rise
ia the value of land in the prospect.
at best for some years. Merchan
dising has it's metes and bounds. aud
il does not pay To invest 50 largely
in st IRE goods.
Our capitalists have been thinking
OF drawing some of their capital off
from those losing Investments aud
putting their money into manufact-
uring establishments aud have gone
SO far Us to sign a stock subscription
paper pledging tho amount each will
apply for erecting woollen manu-
factory
But the amounts they have sub
c"ibed show that they possess no con.
tidence IN manufacturing Their tit
nres are the index To he inner calco
iator. They tell u dozen tales from
winch we could cnmpil. u book
The moral is, that water il never 50
deep that u bottom cannot be fllhom
ed, tho human motive never SO well
cpncealed that It cannot be opened
page by page and read a. BOOK.
We have proposed hat u funl b.,
raised u send few OF our leadi,,,
men east to examine into he profits
OF maauIac .uring They have never
lo"ked into the like, aud have ~
confidence IL any business but mer-
chad sing and buying cheap aud sell
ing dear But such business pro.
'iuees nothing il requires capital and
brains but also leads men To be cold
and unsy mpalhrtic Manufacturing
promotes warmth Of heart. confidence
IN man aud consciousness Of doing
something for our neighbots.
Manufacturing east hangs upon a
thread of doubt. because Ia The west
- actually costs below two lhjria as
much To tini,h, yard of cloth. a hound
OF yarn, a buggy, harness, pair Of
boots, DC. Our lands are cheap and
new and rich, which gives us CHEAP
living and low rents, cheap labor
and cheap raw material not much
above half the eastern cest Aud
then transportation, insurance and
risks both ways, water power aud
fuel for steam power, all these are in
our favor.
Very true, the people west are not
so wrotchedly poor as to have to
work At any price offered we have
less capital west, lower confidence in
! productive industry, trust far more
/ 10 speculation and we demand dear.
er profits These are against manu-
iacturlng in the west. But with all
these, manufacturing the articles
most in want such a. clothing and
farm tools. is still more profitable
/ than at the east, and more protiLoble
! by a rich difference then laud specu-
lating and merchandising are 10 be -
especially at Lancaster.
As TO the pct profits of cloth man.
ufacturing in the west. We have taken
care To educate our own mind last
year the Madison. Baraboo and
GAINESVILLE Mills NOTED sixteen to
twenty per cent. upon capital. It
was hard year on them on account
OF the heavy stocks on hand east -
! Future years they hope to add 40 to
60 per cent. to such Profits EaSt
they rarely think of netting above II
| to II per cent. Last year tue cast
ern factories melted below nothing ON
woolens; even with the help OF the
western shoddy product sent east to
be worked into cloth, they hardly
cleared enough 10 pay wear ami tear
nothing for interest on capital -
Were the western manufacturers -
work IN their own HEARINGS or shod
dy they could clear four per cent
more than tn y do. But upon agree
ment at their conventions ut western
factory men all arc pledged against
The working Of shoddy into their
goods the interested motive being to
produce better wares than come from
the east in view Of improving west
ern confidence in weSLera goods.
a WOODEN factory ut Lancaster.
such as was SPOKEN of, would com
mand the cloth, blanket and yarn
markets Of this part of the State,
consuming each year 500 600 worth
Of wool, giving employ ment to forty
families aud providing Substantial
business for the mercantile, hotel,
machine and building interests of the
town-besides more than holding up
the landed interests of the vicinity.
But the rich also are chiefly inter
estcd, must lend (not give.) with
reasonable liberaIiIy, and lherenpon
reap harvests of 100 per cent. direct
aod iadirees income.