The home journal. (Winchester, Tenn.) 1858-188?, 1877-05-31


it by building more and more of them,
and by intending to build more of them
still. Last year, and ar before last,
when the huge Fall river and Rhode
Island establishments, with their capitals
of from one million dollars up to ten
million dollars, were idle, selling their
goods below cost in New York, hands
starving and interest on debts crumbling
the value of all their stocks away,
THE LITTLE TBREE-CENT ESTABLISH.
MENTs,
down south were busy as bees and merry |
as crickets, turning out thQir oSnaburgs,
muslin and jeansunder full pressure, and
reaping the rewards in dividends that !
ranged up from ten to thirty per cent.
At this very moment, when the establish
ments Of the Spragues and FIoyts and
Laurences are dying of dry-rot, these
nameless little yarn-weavers at the
south, in and around Augusta, and every
other riparian town, are not only coming
money, but educating the southern peo-
pie in the ways and means of a new in
dustry which will populate all their
waste Places' nr. Ath'llsol' says., ine
pteV'l ing oPih'oh III tne Sou'h .naV
prosperity, VIII OF necessity ehsue rom
mills may not be well grounded and it
may we'll be asked whether a section in
which capital is scarce, and the rate Of
interest, therefore, high, can afford in
Vestmenis OF one hundred ana my
VhouSahu uoiia'S III ouslhcSS ,h "il'c'
Only one huholeu peoPie Wouiu pe EN-,
Plo,yed, ana not over lhirtY Thousand
collars year paid III wages. fray, let
us ask MI Atkinson, whai Is .he pest
way 10 invest CAPITA, III ana make ih'er-
est low fiow ana New England oeg'h
mwi'h sihal' hiiIlS' or WIN iaiSe ones'
Inc one hundred thouSahd COLLARS sugar
plahtatl0h IN Louisiana pays on'v ''n
thousand doIlars wages yeI Ihe Sou'n
mas survived tha'' Inc one huhurcn
Cnousaho uo''alS oot'o.i l'l"''Va'ioi, III
"eois'" pays oii'y HiA 'hou'"i'u uo,'"i'
waGeS-lhe so"'h even survives 'ha''
10 our hotloh,
THE DETERMINATION or THE sui ri
to manufacture cotton. at first in rude,
small way, and only proposinr to supply
the local home market, thereby cxcIud-
ing New England goods from thatmsrket,
will be the best thing that ever happened
for that section 1t will bring in capital
IL 'a'ely conuuc'eo VII business p'i''oi'
or Door, will become the nucleus of the
| n
the spindles, the men can 20 afeld To
raise more cotton. or turn wagon makers,
iron.workers, smiths, timers, tool-makers,
shoemakers, wheelwrights, taiors; in
short, engage i'm all those little trades
which Mr.. Atkinson so kindly advises
should be the firstling efforts of southern
industry. Let the south secure first its
cotton factories and the local home mar
kcts for their products. and all these
trad, q and industries will be sure to grow
up sreedilv around them. Then the fac
tories Themselves can expand, develop
themselves, secure more capital, and
compete with the factories of the north
and of England for the markets of the
world. with the advantage, never to be
taken from them, of receiving on the
spot the products of their own fields,
upon which no freights, charges or com.
missions have been paid. viii Mr.. At
kinson inform us, in his next raper, what
are the
u,,.,,.,,.,,, o,,.,,,...,o,,, ,n,r,
'"hi''n' - 'o""''''oN' AMI '"N"'h'
paid by foreign mills on the five hundred
bales of cotton which one of these little