Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1875-03-18

onward march Of their worst enemy
[St. Paul Liberty Blade.
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Manufacturing
The community has long felt the need
Of home mandatory The question Of
its value requires neither argument nor
proof. The fact that the greatest manu-
featuring enterprises Of tho age are sue
cesssul although carried on thousand
miles from the fields in which the ma
chimes win their triumphs, is sufficient to
convince men that no failure need attend
an effort to locate building operations So
as to avoid the necessity Of transporting
the manufactured article. Situated as we.
are, nearly one.quarter Of what we sell
and of what we buy, goes into the peck.
cts Of carriers, as freight. Ofthis sum It
is our duty to save all we can. IF We so
provide as to bring no machinery from
the East. we save not alone the expense
of importation. The business Of making
our own implements neccssitates the res
idcncc amongst Us Of large force of
workmen who would otherwise be en-
ployed somewhere else. To the extent of
the increase ofour population we increase
the home demand for what we produce,
and in the same proportion we save what
would else be paid as freight for the ex-
portation of our surplus. This is not all.
The closer the proximity Of the invest
ment to the field of its. actual use, the less
will be the indemnity required for the
venture. In other words, ifmachines are
manufactured upon the ground where
they are to be employed, the same man.
agcment that directs the work Of construc-
ton can superiutend the making of sales
and collections, thereby saving great
proportion Of the sum now paid to mid.
dle.mcn. Again under such immediate
control the business would sustain fewer
losses; hence the price of machines would
be reduced correspondingly.
Another consideration Of no very little
importance remains to be mention
ed. We refer to the investment Of capt.
tai which is necessitated by the establish.
ment of manufactures. Investments are
desirable for two principal reasons: first,
because they employ labor and thus con-
tribute not only to the productiveness Of
the country and to the development Of
its natural resources, but to the wcll-be-
ing of society, by avoiding those tempta-
tons to which the idle are exposed con.
tinually; and second, becousc they arc to
their fullest extent contributing to the
permanent wealth Of q community, con-
stitutes portion of that fund upon which
annual drafts arc made for The support Of
municipal and general government, and
which forms the surcst safeguard against
profigatc speculation on the one hand and
a state of mendiancy on the other, impart
ing to society and to business interests
that state Of eQuability and that degree Of
hcalthfulness most conducive to the pub
lie good.
There is no locality in the West which
needs the benefit Of investment more
than it is needed in this vicinity, nor is
there any whose natural and other advant
ages afford greater assurance Of protita-
BILE returns. Why then do We not have
lit? The answer is easy: We patronize
eastern establishments 10 the extent of
our wants. That is the reason. Those CAPT
talists are not coming here to live nor to
invest their money so long as We are con-
tent to 60 to them for everything we want
to buy. The East has always had large
sums of money not profitably employed
It has now money that we can loan on
good security on long time at low inter
est. We have immense natural resources,
business capabilities and credit. These
are all We need Let us form corpora
ton under the general law, organize an
official board. take stock to the amount
of 500, 900, make an assessment Of TWEEN.
ty-five per cent, issue bonds on long time
secured by real estate mortgages and 80
to work. A second assessment of the
same sum may be necessary to carry the
business over the second year. After
that the return Of capital will be ample
for current expenses, and dividends will
pay accrued interest and gradually cancel
the remaining fifty per cent. Of stock
Credit judiciously employed, is worth
just US much as money. To the extent of
its limit, it is no less valuable than the
ownership Of 80 much capital, and it is
not less available. The farmers OF this
county, by associating, can raise all the
money they need for any legitimate pur:
pose. Then let US have q mandatory
here in Austin.