The Grange advance. [volume] (Red Wing, Minn.) 1873-1877, 1877-03-21
ManylnterestingP arti

az
From the Essex County Press Newark. NIL,
At the loot OF Clark street, in the Eiehth
ward of tie city of Newark, on the banks a.
tina Passaic, occupying several acres of ground
upon which are buildings the flooring O.
which measures nearly eight acres, are site
ated the largest thread works in the New
World, employing about fifteen hundred
hands and paying out every two weeks from
sixteen to twenty thousand dollars in wages
to be distributed by the employees among
different classes and occupations in the CITY
and from fifteen to twenty thousand per month
to other parties here, who in various wavs-
are connected with this vast establishment
Although having the largest pay roll of any
employers IN New Jersey, and contributing
more to the welfare and prosperity OF the CITY
than all its financial institutions combined
we hear less in the newspapers of this world
OF wealth makers than OF some second-c,ass
money-lending shop on Broad street. It woula
be useless tor any one to attempt to trace to
their source all the varied industries which
have entered into the production of Clark's
80 N. T." Spool Cotton, which is sold BIZ
every merchant dealing in dry goods, fancy
goods, hosiery, notions, etc.. in the United
States, and contains two hundred Yards q.
that indispensable article, strong, smooth and
beautiful. 1t is made up of
NEARLY FORTY-rwo MILLION DoUR1,xGs
and yet is so fine as to be hardly visible g
lew inches from the naked eye. The I'M
mense capital invested in The Clark Thread
Company's Works and the vast volume q;
business, amounting to several millions pe-
annum, extending to every part of the United
States, is one of the principal sources O..
Newark's prosperity. What it is and the
blessings which ii wv from it, are not realized
bv one in thousand of the people who dwell
within the sound of their tower bell. Not
withstanding the large amount of money
which the establishment was to pour into the
hands OF every merchant and trader in the
city, as events have shown, the first thing the
City Fathers did when these works were be-
ing erected was to tax the bricks and material
not yet shaped into buildings. 1t was not on $
par with the intelligence and appreciation Q:
the
REAL SOURCES OF WEALTH.
usually exhibited by the average politician.
Had it been some trust company or curb
stone broker that asked exemption, it would
probably have been granted. Some idea Q:
the value of these works to the community
may be had by an illustration of a thing
which might really happen at any time
The Clark Thread Company employ, as stated,
about fifteen hundred persons, paying on: to
them sixteen to twenty thousand dollars every
two weeks. These hundreds of hands pay
out that money to the butcher, the baker, the
grocer, the clothier, the dry goods merchant,
and all who have anything to sell get part
of it III some way, either directly or indirect
ly. From their hands it goes to pay debts,
meet obligations and Gil the channels oftrade
with the circulating medium called money.
and which is to business what blood is to
the human system, giving it life, animation
and power. Suppose tonight those works
were
DESTROYED BY FIRE.
They are fully insured. The Clark Thread
Company receive their insurance in cash from
their underwriters. They say to themselves:
Cuisines is dull, sales are uncertain, profits
are small, the future is unknown, and our
taxes are heavy. The vast business requires
close attention and persistent energy. We
will not take this money and rebuild the
works, but adopt the plan pursued by mos:
moneyed men, viz: 80 to Washington, buy
government bonds, bring them home, put
them in a tin box, pay no taxes, and sit down
to take our ease, eat, drink, and be merry,
with no thought OF care, supported in luxury
without risk by the interest on our bonds,p id
by taxation OF the producing classes" Can
any man calculate the widespread ruin which
would follow such q calamity and course OF
action by the Clark Thread Company =? I:
would he incalculable. All those people who
earned money to purchase what they wanted
to buy, would lie added to the list OF paupers
who to-day clalnor for work or bread. Misery,
want,
..' STARVATION AND CRIME
would be the fruit OF such course. But this
is exactly what has been done throughout the
country, and explains why one in twelve in
Newark areto-day supported by the city. The
productive capital of the country, which en-
ployed our now idle millions, has been put
INTO government bonds, and appalling desti-