The New York herald., 1873-11-10


,son OF wages. ana there are others VINO favor full
agents OF large corporation. In commenting upon
this state OF affairs. remarked to your correspond
ent that It not altogether diversity OF inter
ests that prevented united action, but the agents
and directors, being sharp set OF fellows, were
afraid their rivals would get the best OF them. and
therefore, they preferred to act independently
Just what they win do Is not yet known. but 1t is
certain chat
NONE OF THE MILLS WILL SUSPEND OPERATIONS Az
TOGETHER.
The majority OF them win probably come down to
three-quarters time in the course OF few days II
there are no signs OF easier and more prosperous
times. and some will run full time. with and with
out reduction OF pay, ana one or two have suci-
cient orders on hand to demand the running OF
the machinery beyond the ordinary eleven hours
which constitute days work In the majority OF
the mills here. In BRIEF the various corporations
VIII DO Just as they please, and none will be
guided or influenced by the action OF its neighb0rs
MANUFACTURERS VIEW or THE MANUFACTURING
INTERESTS.
1--WE are all cheerful, and look upon the present
crisis as only temporary remarked the agent or
one OF the largest cotton corporations to your cor
respondent this afternoon. "0f course, IL the
present times continue IL win not do for us to keep
manufacturing and pilng up goods. When the
anairS CT the Spragues and Ciafiin get settled
think the manufacturing interests viii brighten.
Vast Quantities OF their goods have been thrown
on the market at cost and less than cost, and OF
course the solvent manufacturers and dealers can
nee, and hence it is that we are
obliged to pile up our goods, except those
their failure has been reduction in the price OF
cotton from three to four cents per pound, and as
all the corporations OF any magnitude had large
panic, 1t is obvious that the goods they manufac-
ture now are from stock which was purchased at
rate considerably above the present market. II
n
present reduced rates and make q good thing OF
It, But the Spragues and Canins are now out OF
the borrowing money market, and feel confident
that rates will soon come down, and that tue man
ufacturing business, at least viii not long suffer
TOUR AMONG THE MILLS AND OPERATIVES
To go around among the various corporations
one as to discover ,s any signs Q, depression OF
much about. All OF the great temples OF industry
which line the Merrimack resound with the click OF
the looms and spndles, the same as they did six
months ago. and at morning, noon and night the
avenues to and rom the mills are thronged with
and retail shops are Tiled with the Young @ Women
and the dry goods dealers say that their trade
from the operatives was never more brisk than 1t
for their love Of dress ana to s. see them out
on a pleasant Sunday afternoon one could hardly
nading Central Park silks and jewelry are not
strangers to their general toggery, and many OF
them have = quite snug @ little sum m In the savings
and an officer OF one OF the savings Institutions
told me that there are some girls who have high
hundreds Of them who can show amounts @ N Of from
$500 to $1,000. Ever since the war they have
as ads their rom board g s' to ou s. Per day rss es
the balance in their favor Is quite graft
fiying Excepting the overseers they earn
are much more frugal with their iunds II there
was any suffering among the operatives 1t would
Who have earned any about ooar and na per
day, a sum scarcely sufficient to keep them COM
fortaby along, and Of course admitting OF no sur
ticipatlons that the present crisis will bring about
such fearful condition Of affairs. Among the evi-
dences that the corporations mean to keep along
are the enlargement or the present and the
ERECTION OF SEVERAL NEW MILLS.
THIS Is true OF tue MerrimacE, Hamilton and Massa-
chusetts companies, and some OF the other cor
poratons Will add TO their facilities OF production
in the spring. The corporations owning and con-
trolling the seventy-Our large cotton, woOlen,
carpet and shawl mills here ten In number, and
they AFFORD employment to about
SIX THOUSAND MALES AND TEN THOUSAND FEMALES.
Ten or twelve years ago these mills were con-
troIed by Boston stockholders, but now most Of
the stock is held in Lowell. Among those OF ma
General Butler; G. " Fox, late Assistant Secretary
Of the Navy, and DR.. J. C. Aver, the pill and
e weataest man in Lowell HIS oane Is set es
down at not less than $10 1000, and 1t Is said
be increasing at the rate OF sl,ooo,ooo year. He
has good many business irons in the fire and
has always been successful In everything in which
he engaged, omltting, OF course, lew unsuccess-
fellow citizens in the national Congress-.
THE PRINCIPAL CORPORATIONS
here are known as the Merrimack Cotton Manu-
featuring Company, which employs 1900 females
and 700 males; the Hamilton Cotton Manufacture
ing Company, which employs so females
and 400 males; the Appleton Cotton Com
pany, which employs 470 females and 40
males; the Lowell Cotton Manufacturing Company
which employs 1000 females and $50 males the
Middlesex Woollen Manufacturing Company, which
employs 334 females and 4s1 males; the fremont
and Suffolk Cotton Mills, which employ 500 females
and 400 males; the Lawrence Cotton and WoOllen
Company which employs 1880 females and ESQ
males; the Boott Cotton Mills, which employ 1,lO0
females and 400 males; the Massachusetts Cotton
Mills. which employ $50 females and 800 males, and
the Lowell Bleachery, which employs 40 females
and $50 males. Besides, there Is the Lowell
Machine Shop, which does large bust
ness in the manufacture and repairing
OF cotton machinery, furnishing even now
employment to over 1000 men. The foregoing are
the most extensive corporations in the Spindle
City. but there are such other Industrial ana sig
nifcant concerns as cashmere, flannel, tweed,
stocking yarn, bunting, shawl, carpet, hosiery,
wadding, letting card and clothing and paper
manufacturing establishments almost without
number, none OF which have yet been seriously
affected by the crisis. few have slightly re-
duced their working force and few are running
on three-guarters time, but as a whole they are
jogging along about as usual and unless the
panic Is prolonged beyond period which the
manufacturers oil Lowell anticipate, its effect upon
the 10000 operatives here will not be very disas-