, 1880-02-11

was too honest for the place. AN this, IL
may be said, has nothing to DO Win mis-
management. On the contrary, 1t Is Jne
KEY to a great deal Of the mischief that has
beendone. Noinstitution of wh~atevernaturo
can succeed while the head is being contln-
ually changed, such a line of proceeding
fatal alike to discipline, organization anu
success. But suppOsing that MI. barclay
had remained, or that Mr.. Murray had not
resigned, they would, as we have already
remarked, have been but nominal manag-
ers. Mr.. Barclay tried to introduce many
improvements, not only in the actual WORK
ing of the Factory, but also with regard TO
more liberal dealing with the contracting
planters. He was snubbed in every at.
tempt by the Directors. Mr. Murray in
his second term of office, held equally
liberal views with Mr.. Barclay but
his tenacity on the point and perhaps his
stretching q little of what he honestly be-
lieyed to be his powers, proved at length
fatal to his peace Of MIND and to his tenure
CT Office.
Now since the present Manager came
into Office many of the material improve
ments suggested by his predecessors haye
been carried out. We Go not mean to say,
that Mr.. ROusselot may not nave haC tne
SAM ideas of what was requisite; they
WC4C dI p]dCCLSGtA AOA
easily see things in the same light. The
fact is, however, that the new ome sue
ceeded il introducing what the others
were not permitted to do. This goes far TO
confirm the rumour we have heard that MI.
Rousseiot in accepting his ~appolnTment
STIPULATED for being manage here In deco
"a well as in name. If this be so, he was
perfectly right, for failing such q proviso
his tenure of office might a been as
ftful as that of his predecessors. And III
this lies the secret, to a great extent, OF tn6
failure, which, has accompanied the 81.
Lucia Central Factory to the present time:
The Directors 1000 miles away, most OF
them ignorant of everything connected
with planting or Sugar making Id any form,
wanted to manage everything according to
their W lights. And the result as we
well know has been as Mr.. Moffat says SEA-
m~entable.r II Mr.. RcusSelot has succeed.
ed in breaking down this absentee dicta-
torship, he has rendered a service to all
concerned. 1t remains to be seen.
We find then that the st. Lucia FACTORY
started with a capital of G1OO,O 900 and had
no interest to pay during construction, and
vet in the end of the 4th year of Sugar
making it is only "expected" that the ex-
penditure will not be above the receipts.
To turn to a more pleasant picture. The
Committee OF the st. Simon Usine, on the
goth of December last presented to a meet
ing of the Shareholders the report for the
crop of 1870, from LIST Nov. 1873 to 31st
October 1879. There was not much m
lost in preparing the report. The crop OF
last year for the ST. lucia Factory ended
much earlier, yet whore is tie reportf The
st. Simon Report is 3 veIy concise and
clear statement of the results OF the last
crop; it is not necessary for us to en-
ter into all the details. 1t will be sufficient
for our purpose to take the totals, which
are very eloquent, and speak volumes for
the administration of the Usine in question.
TO be brief, we find that they manufacture
ed 17,186 tons of canes, and the profit Oh
Sugar and molasses was G11.313, and on
rum G973, "a all G12,286, and taking into
consideration other items, such as interest,
certain stock in hand &C., the total availa.
bic profit of the year was E9,174, or q little
more than 3O4 pr. ct. on the capital. The
final division of profits for the crop 1879
gave to the fortunate shareholders a divi-
dend equal to 26 p. c. on capital and to the
manager a commission 10 pc. equal to G49O.
The "graals fournisseursn or large ~contrac-
tors received over Al PC. or a sum of FL, 800
and the 'petits fourDisseurs," or small con-
tractors, got q pr. ct. on a sun of G48O.
Everybody interested received an exceed
ingly gratifying interest or commission.
There needs no comment on such figures.
Onething, however, has struck us in the
items Of the Report from which we are
quoting. We observe in the column of
cost Of rum, that a large quantity Of molas.
Il - e. n ~