Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-03-25
MILLS.

Capitalists have at last discsvered that II
there ia money in the cotton manufactures
of Nav EsglanJ, there is stiil more in
the factories on the soil where the
couyn grows. The South has ex-
c,ptionsl adyantlges-ihere is rot
siagl. Southern Stale which has net masnih-
cent capabilities stilI undeVsloped, and
which Eust and will be developed
at an early day. Nature has dene moro for
IL. G~nth than fo< sRv other portion Of the
Union, but circumstances have hitherto pre-
Vented ths proper uitixHtisn OF natures
gilts. These circu nstsnces are rapidly pass
ing away. The New Esslsnd cotton manu-
features a.e the rapid prsgreas the
South lie making in cotton manuiac-
tories, aod have besn obliged to
appeal for help to the railroad co mpanies
.gaiu.t the competitions Of the cotton mills
Of the South. They Esd themselves cut of
from tbs markets in Cincinnati, Louisville,
s.. Lsuis aud other centerH which Southern
| manufactures are able to reach. TIE
,h.e.isss and shirtiRga mSde atthe Southern
aills are not inierisr in quality 10 the New
England maautactorie1, and are sold at
| lower prices. They arsmore cheapiy manu-
| featured because the Southern mills do not
have to pay heavy sht charges, iosurascs
| and corr % issisus on their raw material, and
arc able to get a supply Of cheap labor. The
railroad companies sTs sble, il they are
willing, TO is something for the relief OF the
New EzglsAd mill.owusr', BY giving them
belter freight rates on their raw material
and goods. But they cannot, even in this
| way, giva them permanent protection against
the con petition Of the Southern nillF. OF
| courso it ia TO the interest OF the railroad
| companies TO help The Northern msaufac-
turers all they can. BY hauling raw cotton
North and manufactured cotton South and
West they get double freight, while If the
| cotton 10 n manufactured in the vicinity Of the
fslSs they only carry the finished product
enc way. But sven with tho aid of the
| railroads the Northern manufacturers cam
not carry On the unequal contest very leng.
Csttoa sssd. ought 10 be made, and will be
made, where the work can be most econsmi-
cally done. Ths New England manufsc-
turers, if they ara Uiss, will give up the
| Gem petition in the coarssr cotton goods ard
bend all their energies to opening up
wider market for thsir goods by
dsizg away with the tariff embargo on
American commerce which now ccmpels
them to sell 10 the hons market. Bad as
they are CT ia competing With Southern
Gotten mills, they are still better Of than the
makers Of cotton goods in England, France
and Gernsuy. They mast now turn their
attention to the markets moBopolized BY
Foreigners They must either do this or come
South with their Icons and spindles. But
sven if the railroads give the New Esgl
manufacturers free transportation, the cotton
preducsd in the South will soon be manufac
turss is the South The policy of shiPPin:
the raw material North and returning The
manufactured goods TO the South, in purchas
ing "Hieh cur psoplo pay the freight both
ways, I, - ruinous that it is bound TO b.
changes. Ia few years every bale
of cstton rai-.d in the South vii
be manufactured 1t the vicinity il
which it ia produced. prad,tre.fs pub
fishes atable shelving The sverss> dividend
declared by the cotton manufacture. in
dusry of New England for each year from
1858 to 1885,, inclusive. During this period til
largest dividend was paid in 1s66-ls3 pc
cent, and the sun allies. in 1S76-44 per cent
la 1881 the average dividend amounted t,
OF per cent, and in 1882 10 Il per ceaI
There is : striking contrast between thss
figures and the profits realized BY the cotIol
nills in the Southern S.ste,. According I
the last report of the State Department {
Agriculture, the net prssta of the cotto
nills in South Carolina in 1882 ranged troll
, | tea 10 twenty Ber cent.