The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1872-03-14
From the Rural Carozinicn for March.
Shall the South Become Manufacturing
COuntryS .t

article in the January number. to disparage or
ignore the efforts already made to test the qnes-
tson whether the South could, or could not, be-
come manufacturing country; the splendld
success of several large cotton and woolen
manufacturing establishments of this and neigh
boring States had long since removed all doubt
as to the practicability of such enterprises.
The President of the Graniteville Manutac-
turing Company, in his last Annual Report,
sResRs grand total of profits OF 29O,5O5S5,
fronaewhich amount, after deducting expenses,
ordinary and extraordinary, including diyi-
dends, taxes, insurance, interest, repairs, I'M
nrovements. and fifty additional looms, he is
enabled to carry to the credit of profit and loss
account $1S7, ,631.4S, this is on capital OF
about $500, 900, without emitting dividends, or
assessing stockholders. ~,
The cotton consumed was 3,0S0,123 pounds,
or 6.S45 bales, of $50 pounds each, costing
1927 .625.74, and from which was manufactured
$685.. S75 yards of Graniteville cloth, material
the value of which, from its very general use
andIweh known excellence, may be readily, es-
timated.
The report of the President of the Augusta
Factory of June last, informs us that tins
Young enterprise, with capital of $500, 600,
has surplus to the credit of profit and loss ac-
eount, of 1858, ,S3617, having paid out quarterly
dividends of 5 per cent. each, amounting to
$4,000. It has manufactured 3,014, ,464 lbs,
eoual to 6.69S bales of cotton of 450 lbs. each,
into ,723 yards of cloth. 1t is estimated
that the gross profits arising from the Augusta
Mills is 81 cents per pound.
If the South, says an intelligent thinker,
manufactured her entire crop at this rate, ner e6
sayinps. ii, q crop of four million bales, of 44O
pounds each, would be Sill, ,456, ,666; more than
half the value of the entire crop; but of course,
It is not contemplated that the South could
ever manufacture her entire crop; 1t is clear TO
demonstration, however, that every pound con.
verted into cloth is that much of the profits OF
the labor retained at home, and as much mate
yial Withdrawn from the public market, thereby
enhancing the residue.
In recent number of the Columbus (Ga.)
Inquirer, there appears the following statement:
4Our cotton manufactures are crowded with Or
ders. A large merchant told us the other day
that it was with difficulty he could get a few
bolts of goods, as the mills had orders ahead
from every section. Our mills are now run
ming 10000 spindles, and over 900 looms, and
consume over ten bales of COTTON per day
They have already taken over twice as much
cotton as to the same date last year"
I'VE have not seen statement OF the Saiuda
Factory, or of the Batesville Factory, or of the
numerous others of this State and Georgia, but
have reason to believe that they are quite salts
factory.
but large rs are the profits of these Southern
factories they are less, it is said than those of
many of the manufacturing establishments OF
the Northern States owing probably to COM
.b;nation of circumstances, such as greater
abundance of capital, habits of more rigid
economy, greater facilities of transportation TO
the markets of the world, &c.
In Lowell, q we'll known manufacturing city
of Massachusetts,, of some 10000 inhabitants,
ehere are fifty mills, consuming weekly 62O,0
pounds cotton, and 100000 pounds clean wool,
living employment to fifteen or twenty thou
nand persons, at wages ranging'from 90 cents
10 So per day. Where there is so much capital,
and such large daily cash transactions, there IS
need of the assistance of seven National banks,
fYith an aggregate capital of $4,000, 600; there
are also here four Savings banks with accumu-
lated deposits amounting to from seven 10 eight
millions of dollars.
n, The water power of Lowell, supposed to be
10000 horse pewer is controlled by company
7compo,ed of the owners of the different mills
which use it; and it is ascertained exactly, by
an ingenious arrangement, how much water
each mill uses. A gentleman interested says
ssthey have that thing brought down to so fine
a point, that we can't cheat bucketful." What
commentary, says recent visitor to that city,
on the vast water power running to waste IN the
Southern States. At the North everybody
wants water power, and would give immense
snms Of money for it. In the South where the
manufacturer has far superior advantages, where
,the people beg him to develop it, million
horse power of waterfall rushes from the inte-
rior to the ocean, and thousands who realize its
value are now calling for capital 70 make a
practical adaptation of natures great gift to its
legitimate uses. -.
There are many other towns fast rivalling
Lowell in the manufacture Of cotton, one of
which, Fall River, has already surpassed her,
and has recently erected twelve additional large
new mills.
J. Vast as these interests are, this is but one of
the various kinds of manufacturing industry,
which so proftably employs the capital of the
Northern States.
LYNN manufactures her 100000 pairs of
shoes per annum, and tans prodigious guam
tity of leather; and many other neighboring
towns and villages are engaged in the same lu-
eratiye business. Who would now venture to
underrate the dominion of ST. Crispinus? Hath
be not a potent voice in the national councils,
snd hath he not subdued q violent popular
prejudice, and impressed even the leather col
ored celestas into his service with lasting graf
itude? Practical men generally, it is sad to
say, are not influenced by moral considerations
in their business transactions, and it is one of
she gloomiest features of the times, however
unexceptional shcir conduct may be in other
respects, in matters of business, the cloven-foot
Will show ITSELF We, therefore, hesitate to
present that view of our subject which to the
philanthropist, to the truly patriotic citizen,
easrs its strongest claims to consideration
Whatever view we take of the matter, whether
we consider the political, economical, social,
physical or moral aspect of the question, of the
more general development of manufacture,
both Of cotton and of other commodities, their
great Importance seems to demand the speedy
and earnest attention of the Southern people,
whose exodus from a worse than Egyptian
bondage, is not eminently promising from the
adoption of any existing scheme. 1t is clear
that no progress is likely to be made by pur-
..,sx,e. tho old hnaten trnck Something mllSt