The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-29
VIEWS OF PROMINENT MANUFACTURERS.
America Not Ready for COMPETE
ton with England.
THE CRY FOR A FOREIGN MARKET.
Boot and Shoe Trade or the Old
Bay State.
LABOR AND MACHINERY.

4lxAoO4O lA4NA~ &sAAA AAA---s ~~~~ -
BosroN, April ~, 1875.
The great question with tho cotton manufacturers
q Lowell and Lawrence to-day Is not how 70 accns.
tom tho markets OF the world to thcr superior tab
rcs and MAKO them purchase more Of their coarse
shusngs and drillings but how to initiate England IN
mixing lot OF clay and other foreign substances In
the hner grades. America to-day IL exporting about
STA 900 worth OF cotton fabrics but they are Of
the MATERIAL and that particular branch Is IN
cressing by the week almost In fact. the mills Ut
Lowell arc worked up pretty closely 10 the ever IN
eTeasing demand for these coarsor goods, but when
comes to tho nner grades England succeeds IN max
ing an article which our best manufacturers cannot
approach, not because they do know how. but be-
cause they lack the peculiar machinery required to
mix these foreign substances with tho cotton and still
produce a Hno article, as England docs.
eve will get hold Of that kind Of machinery BY and
b.. - sain Lowell manufacturer TO mo yesterday.
sbus VIC not in hurry. In facs, We are getting
along very nicely. Our prosperity does not depend
upon export trace, and popular Judgment should
not be mislcd by continually repeating that our homo
markets cannot consume all make. There arc to-
day less dry goods the American market than there
u for and when In tho course of timc We can
fully supply oil that demand and initiate England
thoroughly IN the mAuuIAcSuIo Oh inner RIhuos ~
fabrics, then and then only honestly compete
with her IL the neutral market But VIC are as yet
very far way from II Only this tell you" ne
added, .rhe American mills are making money and
tho English mills are NOT with I'LL OF their vast
export trade. We havo just taken account OF
,hrce OF mills, and md that during the past
nix months they have paid from three 20 fvo per
cent which means about ton per cent per annum.
fherc 10 not mill in the whole OF Great Britain that
has such . large resurn LIS Investments. OF
course trade fostering and great care. but
Is Jolly 10 say that wo would not make ~ heavily
weighted IN article England doea We are NOT
biz moro honest; only, as told you before. drst we
hsvo not the machinery tor It, and second, there
exists no necessity for It as yet, while we have our
hands full in supplying the present demand"
EXPORTS
Nj. George G. Richardson. who represents not only
shs Boot Mills Lawrence, but also mills At Lowell
and a. Lewiston, Me-, exports from these mills more
than all other mills combined; and Mr. Gardner. :
gentleman who during the past twenty years has
watched tho progress OF cotton manufactured
both In this country and Europe, assured
your correspondent that II IL not true that
our exports or cotton manufactures are only
now where they were before the war, but the past
two years had witnessed marked increase. the OK
ports or fabrics In 1860 having boon only about
ST. 000 000 whie last year they wore $4,000, 600.
and they would 60 over that this year. II must DO
borne In mind that during tho war. owing to the
scarcity OF cotton, the Exports down to very
low ngura
Mr. f. L Nudge, who has devoted lifetime 70 cot.
ton fabrics and Is director and principal stockh Older
OF tho Washington Mills Lawrence, Of tho Atlantic
Mills Of tho Ellerson Mills At Chcopoe Fails, OF the
Victory Mills In Saratoga county, N r.. and Of tho
Burlington woollen Manufacturing Company ut WI
noski, VT, gentleman who has travelled abroad .
groat deal and Investigated tho industries OF foreign
countries, devoted considerable tims-in fact, tho
greater part OF iorcnoon-in explaining your
respondent the OF the American cotton trade
lar a. the export Of manufactured goods IL con-
earned. Leaving matters pertaining TO the condition
Of operatives And thu description OF the mills
- ] found mem AZ Lowell and Lawrence
Tor . iuturo letter. l will give at tho sub
stance Of Mr. Mudgo's observations they relate
directly 10 the question Of American industry CON-
pared with that OF other naiions Ho took u lar
broader ground than the gentlemen alluded 10 above.
and main tainod that while going ahead OF our
selves and doiag better than wo have done are not
going ahead oil England NJ all
AMERICA COMPARED WITH ENGLAND
The latest data this country possesses about Eng
lands exports OF cotton fabrics show that she ds-
and ghcst this country has attained 900
per apnum. England to-day does not consider
this country competitor Al all regards our Ainer
exports Of these goods Is elephant does ny,
aud hence docs not concern herself whether We do
make better article not. Should she notice
that this country does become pottior IN truth
well In name. she will strain her last nerve TO
maintain hor superiority. In tue present disparity Of
ngurcs, however, showing the comparative exports,
he Justly asks, show long viii u take the United
States get lar ahcae Of Great Britain To drvo
her out Of tho neutral markots-an assertion
frequently MADE by Mr.. Evsrts' consulsf"
.What, then, N 10 be done 10 attain tho supo-
rIorityfn asked MI Nudge.
s.tA. nct frat
0cient capital and be satisfied with small returns,
English manuiact urers are. Tho mills represented BY
~. Richardson, OF whom you speak, indeed tho
rchsst tho country, perhaps They have been able,
owing their long standing 10 reduce tue cost aud
owing ~ their csp'taL with foreign manufacturers
IL takes years, however Tor this country TO int
sminence. as machinery and mills arc expensive
things. Neither our people DO satisfied with the
small returns made ny the English manufacturers Our
niis money while English mills are again CON-
PEELED wages Of their operatives. They
sss compelled to do SO. and u NO Insist. even
In particular fabric 10 como nearer TO
me mem ,nan y. arc , now' ,s Zoo mnss y. rsdacs
anxiety about the OF exports Is heard oil
ever The East no may give way 10 u, anu the 1rst
means lower wages Tor our operatives. fnc truth Is,
however, TO enter boldly in Nm open market against
Engsnd would be runous To u.s. az money IL OF greater
value 70 u.s. There they are satisfied Win small re-
turns. Our largest cotton manufactures are sstab-
llshea On me cofporaaon p.'ac,pae, anu man Win
on mis- manufacturing stock. There u sucn
aggregate Of capital here aas In England. The
st0ckhoidsr mere sees his profits come IN TOO
slowly evou though tho percentage of pronts
here u greater than there. Only large CAPITALISTS
sf whom have not overabundanco. can embark
extensively la this business. We VIII follow IN the
TRACK VI Great Britain last Ms We can, but u
take tims When that time has arrived and not until
shsn. o~n have lar competition. We arc ready To-
DAY Tor competition with Great Britain ~ the cosrsost
cotton fsbrlcs--tliosc made from cotton yarns not
above sxtoen. Not because those goods cannot bs
made cheaper in England. but Tor the moment our
power sumption II not equal W our production
fLsreloro N sell threefUurths OF thcse coarse
cottons Ia tue homo market nj paying pront u
would be snaniisetIy better 90 export tho remaining
ons fourtn, cost or trinc below cost than To
stop that portion Of our machinery which produces
M A. ousIoursb which would Increase tho Gust OF
NE thro e-fourths thrown on our own marketA
TnE rALL KivEK CRAzk
Ailudlnr 10 the recent crash ~ Fall River. MI.
Nudge con hrmcd the Of other manufacturers as
given my previous letter, tnat tho wipins cut ~
such concerns was the natural 'sprocess Of euro"
oouseQusnt upon Of inBatioD lie gave statistics
1910 the city Of EM River had 6ll UUO