Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1902-05-15

grown IN the State, and more too, the
proximity of the great cotton growing
States further South practically places
their cotton at the doors Of our mills.
The great variety and abundance Of the
finest hard woods in the world offer I'M
usual inducements to those who wish to
engage in the manufacture of furniture, |
carriages and wagons hard wood mate |
rial for builders, agricultural wooden
supplies and all kinds of small wooden |
wares. |
The c~heapness of constructing buildings
is of itself a tremendous item of saving
in capital outlay. With an abundance of
the very best building woods at the door
of every community and an unlimited
supply of brick clay everywhere, together
with the fact that the mild climate per-
mits far less expensive buildings both
for factories and dwellings than are re-
CURED further North reduces the neces-
sary building cost to the minimum. The
fact that there are no large cities to
cause great land values. ard the further
fact that a majority of the most de-
siFable manufacturing sites are situated
in small railroad villages reduce the
cost of land for turing purposes
to almost nothing.
The productive power of capital is one
of the first things to determine in the
selection of a locality for manufacturing
purposes. To show what capital can ac-
complish in North Carolina in two of the
most promising industries the following
facts are submitted:
Each 500 invested in the manufacture
of cotton goods in the United States in
1900 yielded a product valued at a little
more than $72. In Rhode Island it yield
ed $64, in Massachusetts, it yielded
slightly less han 81, while in North
Carolina it yielded $50. That is to say,
that in North Carolina capital invested
in this industry afforded a basis for profit
from Is to % per cent greater than It
did in the other States mentioned. Or to
express it in a more practical way,
800 invested in this industry in North
Carolina is equivalent to an investment
of 1921 in Massachusetts and to $131 in
Rhode Island. These figures bear only
upon the relation of capital to product,
and when cheapness of building, the earn
ing power of a dollar when invested in
labor, and the items of taxes and gen
eral expenses are considered they be-
come even more significant.
Similar comparisons with Michigan for
the furniture industry afford even a
greater contrast in favor of North Caro-
lima. Each 500 invested In the manu-
facture of furniture in the State of
Michigan in 1900 yielded a product valued
at sos, while in North Carolina it yield
ed $151-a difference of As per cent in
favor of North Carolina. Or to use the
other method of comparison, 800 invested
in this industry in North Carolina was
equivalent to an investment of nearly
STA in Michigan. In Michigan nearly
"a per cent of the invested capital for this
industry was required to provide the
necessary and and buildings, while in
North Carolina only 17h per cent OF
capital was thus required.
The above comparisons for cotton goods
nave been made with Massachusetts, be-
cause that State is the great center OF
this industry in this country and be-
cause there has been made it's greatest
progress. Rhode Island was also select
ed because the conditions there are very
similar to those in Massachusetts, and
also because the volume of business in
the latter State is so nearly the same as
that for North Carolina. For furniture
Michigan was selected because it is re-
cognized as perhaps the most progressive
State in the Union in that industry
These comparisons with States in which
the great progress has been made ant
where the highest perfection has beer
reached give particular emphasis to the
wonderful opportunities offered here.
Labor here is contented and reliable
1t is composed entirely of people borl
in the State, and there is therefore no
that disposition to seek changes which
is so common among foreigners. Their,
are no large cities with their %attendan
vices and temptations to dissipation TIL,
working people are inte1ligenW mora
and Industrious, thus combining all tn,
elements of the most desirable employe
f They are not easily shaken from thei-
naturally conservative ways and strike
: are therefore of rare occurrence an,
short duration.
2 Taxation is exceedingly light. Will
l wealth has increased at a rapid rat
during the past ten years it has bee
necessary to add but II per cent to tn
? assessed valuation of real estate an
8 the rate of taxation has not been in
n creased at all. Labor and capital hav
i always been upon such amiable term
5 that the law-making power has found j
necessary to do but little in the way c
regulating labor questions, and this littl
has been along conservative lines.
2 All in all, there is no more invitin
field for manufacturers than in thi
e State, and it is doubtful if SO many sl
/ perior advantages and desirable consid
r erations are to be found elsewhere
e Cheap power in practically unlimite
volume, cheap raw materials in ampl
quantity, quality and variety, reliabl
labor, cheap living, wholesome laws, a
Y ideal climate. and a hospitab1e welcom
await the enterprising stranger VIII
Y comes among us.
T. NJ. ROBERTSON.
Department of Labor, Washington, I
c., April 4.
Fifty Right Joined Methodist Church