, 1870-05-12

peradoes. Who would think IS. as little Of { eoin;
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COTTON MANUFACTURERS AMI
G~manrr
LIE lddHt.
-
-. q.
Letter From David A. Wells.
| w,ouHr7ou a,+1,ax
at. x,..,.... ~ >: po.,o. NTH ,,;rsr,;s.-
20 Us Eo's0' y ~ t's'o.. 10y ~ - IT,,
ness OF 4 1f1euot copy " . lestSI " u;
Chaltnan OK tne Comn1ttee oi Ways AM
Means, hGned by fouf gen!lennen, co1tol
mAnniact11efp, N "nicn Pornou 91 my Ass
report aa Specia! Commissioner OF the Revenue
severely criticised. The document oeats dass
now.
The chief point Of complaint "h!ch IS made
against me 10 that have oVarst2ted the value
OF the rofH done upon farma, and IN the pro,
cess OF Agriculture, and that have unueEstated
the capital invested, and the value Of the Re-
| znd weaving OF cotton; and that they-the
cotton manufacture1H-are made to suifer by
the comparison
| :. To this1 reply that the problem bsfore ne
was to estimate the va1ne Of the total pro
I duct Of the country; the proportion OF such
value created by the labor Of different classes
Of producers, and tho relation>ot each to the
other.
obiestiSYn :Y Is msde 70 the esti%ate = +: Gf The
that hayc taken the gross value: and hare
added thereto = large sum for the cost of
| transportation, but have not deducted the cost
Of seed and Of manure .- :,
MIL premise that my valuations we're Ill
designed to exhibit the value q the hrst point
| Of distribution, not at the ultimate point Of
distribution to actual consumers; and that
| these valuations we're obtained from the best
| available authority: =.
Now, - the seed and the manure are mainly
J produced upon the farms, and since Is much
is carried over to the year ensaing II is
brought orer from the year preceding, can
not admit that any such deduction should be
made; and believe the valuation OF farm
products as stated by me to bo tho value OF the
Objection is also taken to the yaluaton per
cotton spindle assumed by me, viz: 800 But
in this estiuaxte it was not my intention to in
clude any cash capital, as tie cash would be
equally nsefui in any other employment, and
also because, bad 80 added the cash capital
have been equally proper for me to bare added
TO the value OF the farm product tho interest
upon the cash Capital required IN the cultlva-
ion OF the tarms, and ALEC the sap1tal required
By tue merchants engaPed IN the distribution
CT me agHfnitarai prodne1;
1t Is also claimed that l ehouid hare added
to the cotton mill product and valua-
ton the Talun q the work done IN
machine shops, bieache1les, prnt works,
dye works, nud other subsidiary employ
ments but the recognition OF shls claim
would have rendered It necessary for the pur-
Poee of comparison, that should have also
added to re value OF the farm prod1ct, the
Wotk OF AL the makers 81 fnrm tools and i'm.
p1ement, and tho Subsidiary eInploymcnts Of
el1nolne nonr aha' coln; pacAng neeI ana
pork manufacturing tobacco; mailing bar
ley tanning hides; and other employments
subsidiary to farm WORE HAD thus been done,
It does not appear to mo that me relation & OF
the value of the cotton manufacture TO the
farm prodnct would be thereby natet!ally
changed from that which have presented
It Is farther alleged that certain valuations
Of cotton product made in 1858 we're ready to
my hand. but did not "comport NTH the theo-
y elaeTheIe advanced and repet1aoualJsdWel
upon; that ne manaias1q5es o. the country
are OF comparatively s1nan importance.
Ny answer to thus ls, that utterly deny any
Huch Theory IN the contrary, my earnest oe7
sire Ii that ~ manu- actnfes shoula pc aAoWed
an equal and fnT opportunity 1or develop.
manufactures out Of many hundreds a11osate
to Themselves tho exclusive title Of "manufsc-
tnle1s," deny their right. The makers of
clothing are ~ truly manufacturers as the
makers Of cloth the steel users are ss truly
mannfacturern as the steel mixers; the rail.
Iron furnace the mechanic aA much maoM- ",
facturet as the owner OF cotton mill
Let each have an equa! night and be ent1-
tied to legal Profession without discrimination,
md it is my belief that by such an equality
and free opportunity, the country R1l most
readily secure the most rapld and prosperous
growth. and the greatest dlyerslfc2tinn IN Its
industry
But to return to the case IN hand. Ihs Valne
OF go per spindle Was arrived At after consul
TlHnFRnE
OF the country, and after fu1 consideraion
q the ta4 fAnatlons N dluerenf States and OF
the market prices Of factory stocks It must
Stand or 1aH upon the 1ndgnent Of those who
Afe more 1nlly ln1o1Reo 1nan an;
| :, Again, it Is represented that have stated
| the gross value q the cotton production 1t
Slsa, ,090, 0o9, and that this valuation Is unEa1-
rant46!! low; pns !. y not sta1eo th2e ADDED
n adds1onai y sun OF $A, ,4lo,ouo iof uansP1t- Y
1 tatlon and dlsnaont1on. NOW, lntendeo py
\ this to add snsn aum y as Nouid e compensate
the farm product, for the primary work Of
transportation and distHout3oni and, H1th
such an addition, my gross valuation Of cntton
! products rises to e.a5, a, ,0U, The valuation
ny ans, Saaes "a y ~ ogr, as hG fasG
u Pe1leety appaIenL tnae olo not N
!eno 70 oo, 1ne ewo wa sAoauons % ala nos sety
incons'sstenI l M, c.1aok see, AoMsFsly, Wy
Wpua nJs 70 esaa1y ptoPes ~ 1o4 s1,a sfue
N. - - - H. .stt.. s1.1t -, - q.
molnea upoa ae n Sos.on ri9en' a1o - th the
1n at .b bA, 49,, rr"Jz4e; a. ~ ~
,1uo " 10 f.I-st ~ rs},,a ~ - .ta -xorr - ~
p.r4a5 p.14n 1 ~ 4ha,1, ~ tba h,ascher ~ 49, "
~ F,t+Ia-,.9-o - 49, Il sho,id -. ,,otad +b,t
a., .a1 ~ ~ erls ~ 49," ~ t,,a nnh;,;st. '
tt he 49,. ,a1o AZ hia..hars a,n1 tha r-nts- -
4sn g W - 49,, ,.a..,>.tas,so, 49,, -
% aI 10 - ;.7o1.,5aJ ;1 a.. ~ aSt;,asta - W.
, suo a.' -, = $3.50 -. ,,a,,,sr;s 1E.-s-.
wy - 1.1,., tre,.s ~ a,,,s*osI ~
na alo i1Jus+~;es vh;c;, vera s-er;,iiv
ca.a;3srad oa,n "A1'e11 ~
AT5 M f,rtt,er a,ewar IN tba cb,roa NJ mn
,airnssa IN nec1ectino1 tn inc1uia in thn Wins
tn tinn af the cofton mann facfura tbe nrodnct Of
h1ea cher;es dve works md the jikc' Il mav ha
aid that thess latter b1auchea Of industry can an
ha c,rr;ed m oonaiIv wall in The United States
a,..h ~. o,, ~ ~. cannt-1 ~ th,t ~ 1a.rIv
III ~ - ~ Enrnns ~
~ .a - o,o+h aa1 ~ .ftaIs,-Js
1es 49, 5sa;,T ~ ~ nr;nt;ns- tha ssna e-a
...sa.t 'nySsr;sh h1S ti;aconnacfed and ara
t1aate5 H.nee IN rafnr,aI n Iii stst;st;ca1
;na1.;t;,e .a aanarata and 5iat;ncf ~
in14as ra-cE II ,s Iho ,nsn,f.c.,1rr
aseu1e1 ~ @ "a n thn ,,r;nt;,s- 81 -. - b,ots ~ ~
y Pap q ann 80: a.o - ~ ts. - .., ~ ~
= y - a ,aas. - =. ~ ~
~ ,.-;tn1 1T-ohnr ~ Tersans ,,,s
aor Gsia's FL 7,o41t l,st asa =. paIe petIso0 a.9
e1n{Hi9!eu, ao raIo =. 49,. 1vnn a5ag - Sn
taonsnmenH, slouu nAse 80 unau9e5 % suen
Htatement n ny estunasss' olt sue. ~ nAt~ . aIe
NOS AsaAan!e, e!'nsi 70 Ioe ol.cesa u uae cot-
ton ~Manulactuiets ~ asocci1u9u, not W Auy
other persons ma 70 mGluae .nem - ny
hheo anouns, as my cn!lcs nave oone N men