The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1901-04-10

them gold. ACKNOWLEDGEMENTS. 5.N
Add for differences in value of
gold and currency. y.................. l.Io
And we have in currency......- 6.99
Estimating cotton in Liverpool
at 24c, and the waste i450 lbs
cotton, worth $10S.00, making 400
lbs yarn would be.................... 800
9.99
Wear and tear of machinery...". l.26
ll.25
Add cost of cotton. 24.00
And we have, as cost of No. ~
yarn manufactured in England. 2.25
Cost of southern yarn, as hereto
lore ShoWn....... .................."....... ZS.OU
Freight and insurance. ............... 1.50
Cost of southern yarns delivered
III England............... 3O.oO
Difference in favor of southern
yarn.........-............. f.lo
But no estimate is made OF the brok-
erage, etc, in Liverpool or of the
freights and charges on cotton from
Liverpool to Manchester. Southern
yarn could be shipped to the continent
of Europe at about the same rate as
to LiverdoOl, while English yarns
would have to pay freight from
Manchester to the continent. These
additional charges on the cost of Eng.
lish yarns being considered. l think
it would be quite fair to infer from the
foregoing that we could send our yarns
to Europe, and, selling at the cost of
producing English yarns, derive
neat profit OF al least five cents per
pound.
In support of the figures 1 have
given, and the conclusions l have
drawn from them, mention the fact
that at no time within the last three
years would we have been unable to
command from our northern commits
sion houses had we chosen to ask for
theIn) advances beyond the total cost
of our yarus. Can any northern or
English manufacturer say this ?
Estimating the average crop of cot
ton at 2,5OU, 600 bales, 450 pounds each,
and the price here AT 2Oc, and we have
as the amount received by the south,
$225, 900, 900. Manufacture this cotton
Into yarns, aud sell at cost OF northern
and English production and we have,
after deducting all foreign charges
met price per pound 34c), $345, 900; and
Ior waste, which would be worth for
paper stock, if manufactured at the
south, $500 per bale, $1,000, ,oOO-$345,-
O00, 900, showing 4 gain to the south
of $l2O, ,0OO, 600; and If we estimate for
a receipt OF say &c per pound over cost
of foreign manufacture and our eX.
perience would more than justify lD,
we have further gain of S3O,OUO,OOD,
The average production of yarns
last year throughout the United States
was, per spindle, 6l.17 pounds the
average number OF yarn manufactured,
273S; the total number of spindles
was about e,04S, ,249; of these the
nothern States had 5,S4S,477, and the
southern States only l99,772. The
average number of yarn manufactured
at the north was q 7-S; production
per spindle, 5e.57. The average num-
ber of yarn manufactured at the south
was l27-S;production per spindle l4O.S7.
These figures are based upon the re-
ports made to the National Association
of Cotton Manufacturers and Planters.
It, is probable that many of the smaller
mills in the south were not reported.
My calculation is based upon all aver
age production per spindle (rlng travel
err of 81 pounds, an average number of
~. To spin 2,5O000O bales would re-
quire Il, ,494 ,253 spindles. The calcuIa-
Ton will vary, according to the kind
of spinning done and machines used ;
II, 494 ,253 spindles would give employ
ment 10 25O,O00 hands-principally fe-
males, from ~ years of age up, and
small boys. The average wages ofOpera-
J tives (big and little) in our mill is $l42.7
81 per annum, which would give as
the gross amount paid for wages per
annum, nearly S36 100000. And that,
too, paid for labor that would nearly all
} of it not only he otherwise unemploy.
ed in adding to the wealth OF the
country, but be positive burden upon
the country.
Where weaving is done, the numbel
| of operatives and the amount of wages
paid, will of course be much more.
1t must not be supposed that, be-
cause these figures shows that it would
require about twice the number o
spludles now run in the north to spin
our entire cotton crop at home, thai
the amount of capital required woulc
= bs double that invested in cotton man
ufactures in the north, and therefore
beyond our reach for but compara
lively small amount Of northern capita
= is invested in spinning. The most of i
is in weaving, dyeing, printing
] bleaching, etc. Spinning is compare
lively simple, and the complication
/ commence where weaving begins.
Itmust be evident to every business
man, that all our cotton will, soone
}. or latter, be manufactured here, at tn
place of its production. If done now
by associations of planters and othe
southern people, additional wealth i
secured to ourselves and to our chill
10 dren if deferred, northern capital AM
energy will inevitably occupy In
II field.
~ 1t seems to me entirely practicabl
9. for the planters of the cotton grow
IL ing districts, all over the south, t