Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-03-25
NASHVILLE MANUFACTURING
COMPANY. r.
Suggestions and Facts Of Interest q.
the LncnrnnYnfara

1 W Ibc VI SduiLhtOIs
The gentlemen adopted the name of The
"Nashville Manufacturing Company" ant
will file to-day in the Chancery Court,
| petition asking its Incorporation. The
company will be chartered with power tc
make, model and repair agricultural imple-
ments. wooden ware, farming implements
etc. The names of the incorporates Pc
titioning, are: Thos. O'Connor, D. G. Love
VIM. Stockell, r. S. Rhea, II. w. Buttorf
j. b. Killebrew, ]. l.. Weakley, T. II
Jones, II. B. Buckner, D. F. Wilkin, W. f
Prosser, j. o. Griffith, G. P. Thruston and
| M. Burns.
The company's capital stock is to be not
less than $4,000, the shares to be in the
| sum of 500 each. The company will Or
ganize as soon as possible, and select a To-
cation for its building. The gentleman pur-
| chasing the agricultural implement factory
in South Nashvill has signi6ed his desire
to place the same at the use of the COM
paDy, its agreed value admitting him as q
| stoclholder to that amount. 1t is desir-
| able to secure the aid of some experienced
mechanic, whose financial condition viii
allow him to take stock in the company.
The manufacture of farming implements
will constitute the first grand feature of
the enterprise, but other articles will be
manufactured. There is no reason Nash
vile should not engage extensively in me-
chanical pursuits and have perfected sys-
lem of manufacturing.
Ina previous article we urged the impor-
portance of establishing manufac.ories and
inauguratiDg those branches of mechanical
trades that invite immigration, afford re-
munerative eDploymentltO skilled labor, and
command the aid of enterprising capital.
Since 1860, the country's annual products,
it is ascertained, have risen from $l,S65,-
SCI, ,776 to 81, ,232, 1926, ,442 in 1870, which is
an increase of 1873 per cent. While admit
ting the disastrous effects of the tariff to the
West and the South, we should be the more
earnest in our efforts to secure manufac
tories that will build up our State. 1t is de-
sirable to commence factories on as large a
basis as possible, for while small enterprises
of this character are beneficial, yet the more
money invested the more satisfactory will
be the profits and the system more efficient
ly perfected. The fluctuations in the mar
ket price of raw material, and the necessi-
ty of sacrificing the manufactured article
(for want of money! at dali time, are
some reasons substantiating our position.
1t is in part due to such causes that the
young factories of the West are unable to
cope with the grand and old ones Of the
North and East.
Hence the manufacturing interests of
California, rich in geld and wheat, are de-
clining. Tennessee, with her corn, tobacco
and cotton, will necessarily go downward
unless concerted action be had in relation
to the development of her grand resources.
Ofthe above increase Of annual products,
Connecticut, New York and Ohio have 103
per cent; Maine, 10 per cent; New Jer
sey, l20 per cent; Pennsylvania, 40 per
cent, and Rhode Island, 100 per cent. The
popul alton of these States increase in al
most an exact ratio with their manufactur-
ing interests. This is a fact that should
have some weight in framing our future
money in factories would augment our
population and build up great city. One
great obstacle is that too many of our
wealthy citizens think Nashville large
city, aud that sue will grow of her own ac-
cord. The delay in her business develop
ment AID population show how erroneous
is such belief, how DAMAGING such content
ed Indifference to her prosperity will prove.
The interest on the money expended for
articles which could be manufactured her,
as cheaply as in the North or East, would
in ten years be sufficient to double the buse
ness Of Nashville. Owing to the sluggish
trade" after the cotton, tobacco and other
agricultural products have been disposed of,
there is no channel through which to gain
money circulation. at is long time be-
tween drinks" under such existing circum-
stances, and instead of having really COM
mercial market open at all hours for stocks,
gold, exchange, eLc., we have only Grading
seasons" once or twice year. This hiatus
in commercial activity can only be filed by
the manufactured products, the constant
purchase of which, the amount of raw ma
terial purchased continuously, the monthly
pay wages, ETC., cause circulation of much
money that would otherwise be idle
or banked in private vaults. Every time
a dollar forms q new acquaintance
or gets into another's possession it neces-
sariIy makes a profit. A dollar that has
passed through ten thousand persons, in the
regular course Of trade, has subserved the
purposes of S10,0 900 which have been in one
mans possession and unemployed.
Thus it is that one dollar, if circulated, will
be as a commodity equal to thousands of
dollars kept idle, or at an interest of ten
per cent. 1t may be that the judicious
circulation of money here enables Nash
Vile to do $4,000, 900 of business per an
aum on less than S1,000,000 of National |
bank capital stock, it being less than ten |
per cent. on the amount Of business trans |
actions. While this fact, this financial fea-
,ure, speaks well for the integrity of Nash
7ille mer chants and the credit of the city |
n commercial relations, yet its truth is
calculated 10 make men know that unless |
private individuals, wealthy citizens, supply
he capital, no manufacturing interests can
,e developed.
As an evidence of the money wasted, or
f you please given as fee Of commercial
Intercourse we append the following figures
# the value of certain goods exported from
switzerland to the United States alone dur.
ng last year;