Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-02-26
nANUFAcTVnINa-TuE DOARD or
TRADE. Inis'

FACTgRING-TUE DOARD OF
TRADE. r.'nie I
The question Iras been 80 often |
nsked-what can be done to promote
tho growth and prosperity Of Clarks-
Vile? and the answer has been so
uniform-that nothing but tnaclin.
cry, actively and skillmlly run, can
do it, that we feel reluctant to touch
again the tliread-bare subject. But
the organization OF Board Of Trade,
whose duty II is to seek q solution OF
the foregoing question, has embold-
encd US to suggest the Inauguration
Of q system Of manufacturing, no
matter how limited the scale, based
upon the cooperative plan. $50 p /
1.-THE North Mississippi Manufac-
turing Company" at Corinth, Is |
thoroughly orgaiiiaed upon this plan
the capital is five hundred thousand
dollars, and raised upon shares OF one
hundred dollars each. Prof Hodg-
son, of Alabama, proves, by facts
aud figures, that tho shares Of more
than twenty factories, established
upon this plan, have yielded forty
percent. annually, and the hundred
dollar shares have brought, in mar
kct, from one hundred and fifty to
three hundred dollars. The success
Of this joint stock, or cooperative
system, in England and this country,
Is too well7known to be questioned
now, and. in q country like this,
where there is no great concentration
Of capital, In o few hands, 1t is the
only practicable mode OF raising a
fund sufficient for the establishment
Of a cottesi, .woolen, or other factory
at this point. The system applies as
well TO one species of manufacture as
another, and the true policy, here, Is
to test 1t at once, and on any scale.
The subject of manufacturing has
been 80 long talked of and written
about, and the few spasmodlc efforts
to carry 1t into effect have been such
signal failures, that the people have
come to look upon it as a humbug.
But were such a company organized
now, upon this basis, and proper
agents, well provided With facts and
figures, sent into the neighborlng
countles-the more counties the bet
tcr--to solicit subscriptions OF one
hundred dollar shares, we, believe
that a hundred thousand dollars
could be raised without difficulty.
And so soon az the SUCCESS Of the CHI
terprise, under competent manage
ment, Is demonstrated, capital, in
town andconiItry, instead Of having
to be sought for, will voluntarily
seek investment In similar enter
priscs. u sdu9u a+.r.r.r I'D
a thousand shareholders, scattered
over ten or dozen counties, privi-
liged, AZ vt COrinth, to buy annually
nifty dollars worth Of goods at manu-
featuring cost, would provide, Mt the
onset, an extensive home market.
And every dollars worth cold at
home, will be a dollar saved from the
clutches of Northern manufacturers
whose regard for the South keeps
even pace with the profits they can
make out Of It, p ..3 .-"fi
In addition to the home market Sc
cured by the small share system, the
dividends are scattered among tho
people instead Of being pocketed by
the North, and the shares, being
above par, become the basis of a
homo trade, worth more than any
grecnback currency. And should the
dividends not exceed twenty pei
eent.--contrary to Q large Southern
experience-can the farmer make o.
much ?--can he clear six per ceat. on
his vested capital? We believe not
And for the labering men of tn,
country, there Is no savings bank
equal to an Investment In such al
establishment as Is here contem
plated.
y But We will pursue tho subject M
further, hoping that the Board o
Trade will take 1t up, with all the ad
rantages OF cooperative numbers
experience and wisdom, and press 1
forward 10 success that shall &c
like magic upon the growth of tn,
town and the prosperity Of the coun
W. o. X.Z ..4-- Ct
CONGRESS has instructed the Sc
eretnry of the Treasury to repor
whether the removal Of the Brancl
Mint, from New Orleans to New
York, will not redound TO the good O
the country. We are surprised tina
some generous patriot aud exalted
christian of the Puritan stock, Iii,
not suggest the enquiry, whether thu
removal OF tho soil and climate q
Louisiana 10 New England, woul,
not benefit the bind holders au,
damage the South. Such Il the spiri
of Northern christianity, and sucl
tho purpose Of Northern Legislation
#..n u
THERE are two classes OF men n
work to defeat the new Constitution
Ono Is composed of those who Al
hostile to negro suffrage, and tn
other, of tho demagogucs who hop
10 secure the colored vote hereafte
by denouncing the rpoll-tax requir'
ment. The eolored voters had bett,