Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1869-10-28
From The New York Economist.l
Cotton Manufacturing South:

TIE South, as we have seen, has
made gratifying progress Id the
Manufacture of cottonj as we'll as
in its CULTURE, during the past few
years. And in viow of tile proba-
bility ofan early recuvery from the
wastes Of war, propositions for the
Southern States to work up their
fine long cotton into yarns for tho
English and other foreign markets,
instead of exporting the bulk of
the raw staple, as in times gone by
have been revived, and are meeting
with great favor. Such an indus
trial developement, it is seen; would
be equivalent to a positive increase
of the active labor on the planta-
tions, since it would utilize a class
Of the population not available for
the fields, but which is at present
measurably useless, and, to some
degree, a positive drag on soeie-
ty.
The South, it is well known, has
important advantages in the manu-
fscture Of cotton. 1t has the raw
material at hand, an abundance of
food within easy access, an unlim-
tied water power, an unsurpassed
climate in many sectionsi plenty of
lumber and coal, together With sxl
tended and extending facilities for
communication and Transportation.
The only present drawback, or inn
pediment, of any Importance, is the
lack of adequate capital but as this
is already being supplied, there
would seem to be no good reason
why manufacturing industry should
not at once take deep foot, since IL
has been demonstrated that tile re-
latiye cost Of converting cotton In.
to yarn, as between England and
the South is in favor of the latter.
The Superintendent of the Salada
Cotton Mills, at Columbia, s. c.
has furnished some interesting facts
and figures on this point. He as
sumes, by comparison the price Of
cotton at Columbia to be 20 cents
per pound; at New York, 23.5 cents
which he assumes are fair propor-
tions. s.On this basis, the cost of
a pound of cotton into
yarn at Columbia would be 8 cents,
while in New York It would be
IA 81 cents, and in Manchester 1l.25
cents Taking into account the
freight and insurance from Column
bia TO New York and the carriage,
commission, land other charges here,
the cost Of manufacturing yarn is
found to be fully 5 cents per pound
cheaper at Columbia than in New
York, assuming that the article is
worked W here. A similar ealcUi
alton having been entered into, as
between Columbia and Manchester,
shows that the manufacture of cot
on yarns can be done cheaper at
ne South than In Englahdj by
lbout the difference IN the value of
currency and gold. The figures Of
manufacturer Of yarns in Man!
chester; show the cost Of a pound
If yarn there-taking "a cents per
pound as the cost of the cotton,
md 1125 as the cost Of conversion
at 1926 cents. The cost of the
transfer OF the pound of Southern
,arn-costing In the South 20 cents
from the South TO England is,
including both freight and insul
ance, barely LIS cents. This, add
ID to the preceding cost, makes the
ost to England 305 cents, where
S the pound manufactured in En-
land costs 1925, showing that the
,outhern manufacturer can put his
arms down in England Ats cents
heaper than the English manuiac-
lrer can make them there. Ifthese
cures, which refer to Ne. 20 yarns,
Fe substantially correct, they sure
Y afford a very strong argument
or pushing the manufacture of cot
On at the South; as well asits eul-
ire. Bv working up the sdrplus
otton into yarns for exportationj
has been roughly estimated that
profit of twenty dollars a bale
ould be realized oter and above
Ie profit of growing the staple. In
crop of three millions of bales,
lis would afford an extra profit Of
xty millions Of dellars-enough
rely, to create strong incentive
| the part of the men of means to
gage in the business:
Grapes are selling at fifty cents
e.. Lst, ,,,,, b,f,,.1, ,,od r,otrnds of