Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1871-06-23
What Manufactures VIII Do for a
Community.

A friend has compiled,a few figures
In regard to'the advantages to be de-
rived by our community from man
ufactures. His facts are indisputable
and his deductions 80, moderate that
wegladly lay them before our readers.
We must premise, however, that In
order TO encourage capitalists to in
vest in manufactures, Inducements
should be held out In order to secure
those advantages. No man needs
courting 80 assiduously or IL so timid
as the wealthy man. His money
must be placed where he has cer-
tainly IL will bs returned 10 him. --
But to our figures: sa.skFsH
A capital Of $3.50, 900 with say $780,.
600 to sac. 900 invested In permanen
fixtures, such as land, shops, tools
and machinery, would leave u work
ing capital of Sll0,0O0 to Sl20,OOO
only IA portion Of which would be
necessary TO be used In the begin.
ming. Take, for instance, the manu-.
faeture Of sngricultural~ implements.
1t is found imactnal exI,erienoe that
| such a capital stock VIII or ought to
| give work to ut least one hundred
men, whose wages IL is found by nc.
tual experience will average at pres
ent prices for labor about 81. 25 per
day, and this, allowing three hun.
dred working days per year, will
give u pay roll Of $4,000 per month,
or $72, 900 per year, all or nearly all
OF which Is spent for rents, food aud
clothing at home. IL is also found
that labor AS compared with material
used Is about the same I'm value,
making cost OF material ST., 200, thus
making q cDst Of goods manufactured
$l44 900. or this S72, 900 for material
fit 10 safe W say that $22.O0Ol will be
for lumber and such mIateriai as we
have ut our very doors, leaving $780, :
000 for such material as can not be
had here, which Is but a "drop In
the bucket as compared with. the
amount now sent from our Own lawn
for such impf0yenents.E One. hun.
dred hborine men With thelf fami.
liss. land man ifactufers always
choose such, as being far more desir.
able.) will add to our town q popula-
tion of not less than 800. Add to
this such other increase In the bust.
ness OF the town as will of necessity
come to us, and IL III easy too see how
our town may be permanently bene.
httSu W 5uCu % DUsIncrS, bub let bIlb
success Of such establishments else
where. when properly ,eohdueted an
swer this question. 3 JIi8slIlDA
We give the following figures from
the census of 1860: Total number of
plow shops In Illinois. l2l; capital
invested $G28, las annual cost Of raw
niaterinI, $2S2 ,zl7; abnuah eost,0f laS
l'bor, $40, ,O2S nanbef A6f men EN-
ployed, GIG; annual value OF pro-
ducts, SSl3, ,356, making tho cost OF
annual production Sass, ,645. Add to
this ten per cent, for interest on In
vestment, and another ten per cent.
for deterioration Of buildings and
wear Of mschinery-$97. .74s, which
will give q fair margin for profts.--
IL would not be safe To expect any
such returns az those, but IL would
be safe to say that from the business
itself good profits might be OK pected,
while the benefit to the town would
be incalculable. Other towns which
have tried itbave found IL To be q
decided success, and having begun
In this way continue to give and will
continue to grow. There are prob>
ably 5000 plows sold each year In
Delaware county, which ct an aver-
age Of $40 each will give $100, 900 sent
70 other States each year. This
might come here instead of being
sent TO Illinois, where most Of it 10
now sent. It needs but very little
thought TO convince any one that
herein lies the success and prosperity
Of the town.--MancAester Union.