The intelligencer. [volume] (Lexington, Mo.) 1887-1891, 1888-01-07
PROFITS OF MANUFACTURING.
From the st. Louis Republican. |

|
lfrom the st. Louis Republican.
AS the people of the United States
are paying the nine industrial states in
the northeast corner of the Union $3.50.
ooo,O ,OOO year to foster the manufactur.
ing Industries i'll which they have
grown 80 rich as 10 own themselves.
ana hold mortgages for of all the
property in the other twenty nine states
beside, it will not be impertinent to in.
quire into the profits of manufacturing
IN these favored nine states. Theil
statesmen are necessarily declaring
that they cannot manufacture anything
whatever without assistance-and un.
der the republican regime they per-
suaded congress to compel the people
to pay them a SPECIAL tribute of SO cents
on every dollars worth of manufac-
lures they turn out-and this amounts
to something like $4,000 900 year
1t might be suspected from the enor-
nous rapidity with which wealth has
been accumulating in these industrial
states, the immense amount ($1 ,200,-
OOO,OOO OF money they show as de.
posts IN savings banks; the $500, ,000,-
Oe0 they have invested in mortgages Oh
| western property, and the $4,000, ,000,-
O0O they own in western railroads,
banks and insurance companies, thai
protected manufacturing is very prof.
table in that region. The statistics of
manufactures in the last censns confirm
this suspicion, and show that, while
farming yields all average profit of
only 81 per cent. Oh the capital invest
ed in it, all the industries i'm the favored
states yield six to ten times as much.
The following analysis of some of
these statistics may be studied with in
terest.
| Take boots and shoes, the manufac-
turer of which is protected by a duty
OF ~ per cent. In 1880 the total capi-
tai invested in the business was S43,.
| OOO,OOO - nearly one-half of which
| (S2l ,09S,000) was in Massachusetts
alone, and four fifths of it (S36 .OOO.-
O0O) was in the nine industrial states.
The yalae of materials consumed ~
the manufacture was Sl02, 2,442, 900; the
total wages paid was S43, 200, 900, and
the value of the whole quantity of
boots and shoes made was $l60 900, 900.
Adding the value of materials and the
wages paid together, and we have
S1l6 ,442 900, which represents the cost
OF production; and then taking this
from the sum the product was sold for,
we have net profit of S19,60S ,O0O-
which is 40 per cent. on the capital in
vested.
Take, next, carpet-Inaking, which is
confined TO the six industrial states OF
Connecticut, Maine, Massachusetts,,
New Jersey, New York and Pennsyl-
vania. The business is protected by a
duty OF 75 per cent, which forces the
buyer to pay 81 75 for q carpet worth
only 81. The capital invested is S2l,-
46S, 900; the total number of hands EN-.
ployed is 20,371-more than half the
number being women and children
The entire sum paid out for wages was
SIS, 1856 900; the cost of all materials
used was Sl9 ,OO0,0 900, and the value of
the total product-that is of the car
pets made-was S31 1872 900. Adding
together the cost of materials and the
wages paid, and we have 1926, 1856 900;
and subtracting this from the value OF
The product and we have net profit OF
So ,957 ,O00-which is 274 per cent.
Cotton manufacturing is protected
by an average duty of As per cent. The
total capital invested in it is $26S $780,
OO0-nine tenths of it in the industrial
states. The number OF hands employ
ed in it was ia, 4,000-three- -fourths the
number 124 ,600) women and children.
The total wages paid was S42, 900, 900
the cost OF materials used was $l62,-
200 200, and the value OF the total pro-
duct manpfactured was $4,000, GOO .
This shows net profit of $5S, 900, ZOO
t-or 70 per cent. on the capital.
Felt goods are protected by duty oil
40 per cent. and the manufacture oi
them is confined to the seven industrial
states of Connecticut, Maine, Massa-
chusetts, New Hampshire, New Jersey
New York and Pennsylvania. Capital
invested, $685. 900; wages paid
S4S9,76O; cost of materials used
1880 600; value of all the goods made
S3,6l9 900; net profit, $3.50, ,0OO-or 81
per cent. on the capital.
Knit goods are protected by an
average duty OF so per cent. The
business shows an invested capital
of Sl5, ,579, ,000-nearly all in the indus
trial states. 1t employs 2S,S0J hands,
II ,0O0ot whom are women and children
1t paid out in wages 5000, 900, and
for materials SIS ,200, 900, and it showed
a product of the value of $29, ,167 900
The net profit was, therefore, $1,000.
900, which, on the capital invested
($l5, ,0O0) is over As per cent.
The manufacture of mixed textiles is
protected by an average duty of about
80 per cent. The capital invested in
it is $3S, ,OOO, ,OOO-nearly all in the
industrial states. The number Of
hands employed is 48,200-25, 800 OF
them being women and children. The
wages paid were Sl3,3l6, 600; the cos,
, OF the materials used was S37 ,22O, 900
and the value of the total product
SOC, ,22l ,000-showing net profit o,
SIG, 900 200, or AZ per cent.
The manufacture of silk goods is
, protected by an average duty OF 80 pei
cent: 1t employs 100000 capital
nearly all i'll the industrial states-and
81, 100 hands, OF which number 81, SOC
are women and children. The tota
wages paid were SO, lac, 900; the cosl
of materials used was BIS, 1863 900, and
the value of all the goods produced was
$34. .5l9 ,OOO-showing profit ofS7 ,OOO,.
oo0,or 81 per cent. on the capital.
Worsted goods are protected by a
duty OF about 60 per cent. The capi-
tai invested in the business of making
these goods is $780, .000-all IN the
industrial states. Hands employed,
lS,SOO, of whom Il, 400 are women and
children. Wages paid, $5,Gs3, 200 ;
cost OF materials used, $22, ,0OO, 900
value ofproduct, $S3 $40 ,000-showing
a profit OF So, ,966 900, or 2s per cent.
The wool hat manufacturer is pro-
tected by a duty OF 50 per cent, and is
confined to the five industrial states of
Connecticut, Maine, Massachusetts,
New York and Pennsylvania. Capital
employed, $3,615, 900; hands employed,
40, of whom 1900 are women and
children. Wages paid, S1,S93, 900 ;
fcost OF materials used, $4,7S5 900 /;
value OF products, $S,5l6,O0O. Profit,
81 1888, 900 or 80 per cent.
4 TROUBLESOME SON-IN-LAW.
Mr.. Wilson sticks TO his intention of
rcsnming his seat in the French cham
ber of deputies. If he docs so num-
Der of radical deputies VOW that they
will leave the chamber. Their example
is likely to be followed by many Of
| their IuOuarchiSt cDllaapusS These