Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-01-12
EEIagl2S APPEAL
TUESDAY aoRxrNG, ian. Il. 1853
PRESENT CONDETTOS OF TEEE INDUS
TRY OF EHE COUNTRY.

PRESENT C~ONDTTEOS OF THE INDUS
TRY OF THE COUNTRY.
Mr.. DAVID A. WELLS, special com
missioner Of the Revenue, recently made
his third annual report to the Secretary
Of the Treasury, presenting which be
asked the attention Of Congress 70 the
results of a somewhat extsndsdinvsstigs-
ton, instituted, ne said, with 3 view not
Of establishing or confirming any par
ticular theory, but rather Of determin-
ing, through the collection Of positive
data, what policy in legislation is likely
to prove hereafter most advantageous to
the revenue, and most certain TO estsh-
lish the credit and industry Of the whole
country upon 8 sound and substantial
basis.
Much Of the results Of this extended
investigation he has admirably grouped
under four headings, viz: Immigration,
Manufactures, Agriculture sad Railway
Movement-with a view to answer the
question, WHAT Is the present condi-
ton Of the capital and industry Cf the
country ?" As we have not space fUr
the whole o. the lengthy snd valuable
answer to this question by Nj. WELLS,
we ~synopsizs so much OF It as sppliss 10
the headings we have above grouped to-
gether. For instance, Of immigration,
he says:
From the lst or July, IS55, 10 the lSt Of De
Gambler. 1858 about I,U9--gJ natives o. fo-eiga
countries have sought a permanent home in
the Uaitsd States. Investigations made some
years az tsincs when the ChaFscter Of the i'm
migration has greatly i'm rrovedi showed that
these immigrants bring with them specie, CT
IT. equivalent, 10 The average anoant OF eighty
dollars Psr head; while their average value 70
the CO1Gtry Gs~ producers cannot BE-
81 less than nall the average value OF sn Ordl-
nary lROorer in the South prior 10 The war, viz
s41JU each. Immigration, then, since the ter
mlnAtiOh Of the war, may be rssar led as nav
iug addedESJ,CJ1 90 directly and s52JG.OJJ Iudi-
r,cily 10 the wealth and resources fins cJun-
Try.
or the general increase in the products
OF domestic industry manufactured the
Commissioners says that wiihi1 the last
I'VE years more cotton spindles have been
put ia operation, more iron furnaces
erected, more iron saelted, more bars
rolled, more steel made, mere coal and
copper mined, more lumber sawed snd
hewen, more houses and shops construct
ed, more manufactures Ofdiierent kinds
started, and more petroleum collected,
refined and exported than during any
equal period in the history Of the country;
and that this iucrssse hss bean greater
both as regards quality and quantity, and
greater than the legitimate increase to
be expected from the DUTmal increase Of
wealth and population. To support this
general statement lie Gays the following
specific evidence may be adduced:
I. Cguon Mqautaeare-Th number Of cotton
splndles in The United States, according to the
census OF ls9, was 5,25,TZ7. From leo 10 1854
there was little or no Increase OF cotton ma
chiuery, but possibly a clInlnuUOn-man5
mills, under the great demand Cor army cloth
ing, haviug bsen converted into establishment
Ter The mauuGzeluIs OF woOlenE. The number
OF spirdles, however, at present In operation,
Is shown. by the recent returns o tie AmerI-
can Manufacturers and Planters Association.
10 be about 100000, a gain OF 81 IS per cent. in
IRON four 10 i've years, and IN Ainly since the
- h-N We - ~~~r
based on less perfect data, given in the last ao-
uual epOrt Of the Commissioned, fixed this IN
creaBe at only from IS to 20 per cent.
? W0olea Mdntyactars Imperfect statistics,
collected BY the Northwestern Wooden Manu-
rsctureT's Associates 2, show the increase in the
WOOl+n manufacture OF seven states Of the
West, viz: Ohio, Michigan. Indiana, Illinois.
Wisconsin, Iowa and Mime ots, 10 have been
since lsp as follows:
No Of estab- Capital Sets ofmG-
Iishments. invested. ChineTy.
lSo0--.-. ..-..... 80 sl6lb.7fU -
ls3o------.-.---. o3 5,ttsDJ 80
. Pig Iron FrOtaet0a.-In the department Of
iron Industry the Commissioner would again
cau attention 20 the TACT stated in his previous
report, thzt the recent gysTgg annual increase
N the production OF pig iron is remarkably
uniform, and greatly ia excess Of the ratio Of
increase OF population the latter, Il the pres
ent time, being assumed at about the ratio Of
Increase rom 1889 TO IS5V, VIZ 81 per cent,
while the annual Increase ia The product Of pig
iroo, during the last i've years, has been Is fol-