Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-05-05

operation IF converting air ana water
into a bale II 40 ton taking SIX or seven
months to do the work, with possible
frosts, drouth, floods, insects, sickness,
or dishonesty in field hands, and a
thousand and one other perils, than
there is in the speedy and simple work
Of %carding and spinning a bale Of cot
ton already in hand. The latter opera
ton is nearly automatic, and the profits
sure, as Cameron's Investment Gazette
London) abundantly proves. Mr..
Howard copies from this Gazette the
names and dividends Of thirty-six cot
ton mills for the last SIX months or
year. The highest dividends are IS
per cent, the lowest 10 per cent. We
have felt sufficient interest In these
industrial investments to add together
the entire profits divided by all the
mills, and find that spinning cotton
pays 202 per cent. on the capital in
vested. Need we wonder that English
men have no money to invest in fertil-
izers, mules, or provisions to raise cot
ton in the Southern States? They see
our planters only too wiling 20 take
on themselves al the risky part Of
clothing mankind in cotton goods, and
ready to stop short in asking for
profits, just where the picking, card
ing and spinning begin, and all risk of
worms, frJsts, and poor seasons, ends.
When viii the producing classes Of
the United States be advanced enough
to support an "InUeStmeat Gazette?
England has twenty-five thousand cot
ton factories in active operation with
an average Of only Is a share of stock.
Hundreds of thousands of laboring
girls and matrons own stock and draw
dividends IN the mills IN which they
work. Thinkof the clatter and the ac-
tivTty of four hundred and fifty thou
sand power looms running from morn
till night, and one girl tending four of
these looms, each weaving some thirty
or Forty yards Of cloth a day! Stand
ing in the presence of all this wonder
full machinery, guided by intelligence,
well does Mr.. Lowton say: at is the
duty Of the Southern people to spin
and manufacture their Own cotton. 1t
is the way to bring population to us.
Fresh meats-beef, mutton and pork
sell here at nine pence to one shilling
per pound, and Georgia is generally
more healthy than the large towns in
England
The South viii never improve itscOn-
dition until 1t learns to invest human
labor and provisions on principles
which involve less risk of failure in
crops, and failure in man himself.
Making property safely, is intimately
associated with the rules Of arithmetic,
and with extensive mathematical calcu.
Iations. Apply these rigid rules to the
growing habits Of our colored popula-
tion, and how many are learning use
full trades? Many Of our investments
are like those Of Rome during its deca-
d5nce. Capital from abroad did not
and coulj not help Rome. The remedy
must be found IL our own blood or not
ut all. One day or hour badly spent
IS a foolish, non-paying investment.
Defective combinations never bring out
results which one may properly be
proud Of. If the coIored man be a de-
feet n our industrial system, bringing
capital from abroad viii Tot cure that
defect. Hundreds have brought cash
capital intothe cotton States, employed
negroes and engaged hopefully in cot
ton culture, and of these nine-tenths
have failed. Had they engaged pru-
IDENTIFY IN the manufacture of cotton,
the result would doubtless have been
much better. More farmers coming
here to raise grain and cotton, instead
Of diyersfying our productive labor and
creating . better market for our crops,
viii tend to a greater redundancy in
agricultural competition, and smaller
! profits for all land workers.