The New York herald., 1878-12-17
Encouraging Prospects in the Va
riOus Manufactures.
COTTON, WOOL, BOOTS AND SHOES.
How English Knavery Was Detected in
the China Market.
SURPLUS CAPITAL AND REAL ESTATE.


BOSTON, Dec 16. 1878.
Before the separation Of the old Colony OF Massar
chusetts Bay into the States of Maine and Massachu-
sets the people who lived along the vast sweep OF
coast from Cape Cod TO the New Brunswick line sub
sisted mainly on farming and fishing. The lumber
trade then, now, quite extensively carried on
along the banks of the Penobscot and Kennebec riv
ers while the hum of the spindle was heard in sew
era places, but only mere murmur beside the great
whirr of the manufacturing industry that has since
grown up. Lawrence, Lowell, Waltham, Lewiston
FAN River Manchester and Nashua were then either
showling wildernesses" or insignificant and unheard
of hamlets To-day they have name in every
quarter of the globe. The Appletons. the Jacksons
the Lawrences the Richardson's and other giants OF
the manufacturing world were then merely well-todo
farmers or traders little dreaming of the great
future in store for their families. The
growth OF manufacturing in Massachusetts, has
been rapid healthful and successful. The waters of
the Merrimac Concord and Charles rivers supply
the power required. and the success Of some early
ventures. the opening of a market for cotton and
woolen fabrics, invited capital al tbm until the de
mand was supplied and until over-production,
coupled with nder-consumption--which some phil
losophers call synonymes-brought the onward march
to a sudden halt, and then the reaction came. The
corporations which had been in existence for from
fifteen to twenty years before the trouble came had
laid up their surplus and could easily run on at
tring loss, but the younger concerns were terribly
shaken by the tumble in values and the upheava in
the commercial world. and it not for the aid OF
the older companies must inevitably have gone un-
der. In Lowell and Lawrence there little trouble
after the first few months of the duh times. At
first the mills short time to reduce
stock and prepare for emergency, but gradually the
whole speed was put and the entire capacity of
the spindles employed, the operatives suffering
reduction in their wages but gaining steady employ
ment
FUTURE OF COTTON MANUFACTURE
There about 5000 persons in Lowell
who derive their means of livelihood from the
mills. and these $4,000 persons are at work. Does
it pay? / spent half day not long ago with
director of Of the largest mills in that great city
OF spndles. He is a capitalist and shareholder in
different corpor aions representing s120oo,ooo of
invested capital. 1 asked him If he thought the
future of cotton manufacturing in this country
promising whether II would invite new capital.
He said in reply:-"I think that we have future be-
fore if great disaster befals. Our market to-
day, notwithstanding the dull times is larger than
has been but the prices are lower ana the COM
petition sharper. Now in these mills that you
almost from where sit-the Massachu-
setts, Lawrence. Boot. Carpet fremont and
Sufolk-we employ 10000 hands. They all
busy and they making good. fair wages. They
turn out hundreds Of miles of cotton fabrics daily and
find market for them all over the world Here
Is order turning to his memorandum book for
$500 bales for the African market that will be shipped
In few days. We have q very lively and healthy
trade in China and Japan and get fair prices for
goods. Before the mills supplied the East
markets with almost all their cotton fabrics which
Served as freight for outgoing ships and helped
topay the and other Oriental products received
in return. During the English manufacturers,
chiefly those in Manchester, took advantage OF our
embarrassment and flooded the Shanghai, Calcutta,
Yokohama and other markets with their fabrics and
succeeded in obtaining positive foothold. When
our large commission agents tried to compete
with their English rivals they found q marked
also found that their bale marks numbers. brands.
hoops, &c, had been exactly copied, 50 that the
Chinese merchants led to believe that they had
been buying the American goods at far lower figures
than they offered by the American agents. In
this way the English traders built up business there
that was simply stupendous The Chinese alone have
been purchasing cotton fabrics OF England TO the
amount of 900 annually For long time it was
mystery how Manchester mills could manufacture
cotton cheaply. The secret at last discovered.
and it led to the reopening Of the Chinese and Indian
marke Is to American merchants have here circu-
lar letter which Addressed by George G. Richard
& Co. to A. A. Low Brothers. New York, showing
the methods used by the English manufacturers 70
keep the Americans away from the Oriental markets.
1t has been translated into different languages
and nas received the widest circulation The state
fnenus made ii been contradicted either
Offclly otherwise, by the English manufacturers,
although il is over four years in existence.
ISGIISa ADuLTERAIIoess GOODS
MARKET.
Nessrs. A A. Low 4 BRorHERs, New York
GKSTLENEx-Your firm having been tor many years
of the largest exporers of American drills 70 China and
being represan tstive OF Of the leading
mills Of the United states have mutual interest in
shis trade since We beg reference the
closed statistics from Official documents which
deserve wide circulation and which, II properly under
stood by dealers and would have important
bearng upon the export trade which shows evident
Asgns Of revival
We find China Orerlund Trade J,port December
IL 1873 official proceedings Of the Shang
hai Chamber of which the following
isa part
MANCHESTER England. August. 1873
Drills during the past three years
China very weighted but the present
still weight is bene added the which
bear the stamp and marks which originally Oh.
tained "A for really genuine cloth. No doubt the
fraud WI day be detected by the Chinese, has