The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-08-26
CApsuLE No. 40.

CAPSULE q 40
TT HAS already been noted that Newark did % suffer The setback to II.
business activities which, the var brought to many other important Northern
indusrialc centres Rather, the war created for local manufacturers a vast mar
ket. for which was necessary to rus orders constantly. But for this the
longdrawn-out unphasantness must have had here all the bheful effects of
panic. So there was less necessity for a business reconstruction period here
than In most other manufacturing centres. There vas Of course, ne brief ps-
Rod OF doubt Immediately after he close of the war. Newark could lot hope to
win back for man., any years its Southern markets which had been Its chief
outlet before someone touched off a cannon which was pointed toward Fort
Sumter This was largely because here we're n SOUTHERN markets left to -
gain. The South was too busy just then being st. in B game of headI win.
tails you ose. to become a marhet-pnce for anything other than imported eff
nonery and rascanty. 1t needed everything Newark might nal much more
than it had ever needed things before, tut had no money left to pa for them.
No profitable business vas ever built up so far as is remembered now where
the goods sold we're not paid for
So, with no hope of the Southern markets again, Newark factory owners
found themselves bereftf for a short space of time of that greatc customer, the
generals government After General Lees surrender and TIN volunteer regiments
were mustered u the government had no n left to buy things from Newark
for. The above sentence is awkward, but it ws decided to allow it to stand.
Under these trying circumstances it is perfectly natural to suppose that perhaps
prosperity hestated a little while before deciding to remain here. Such a u
position is as far from thu facts as it is possible etc get The prosperity which
had stayed here during the val vas such a fine and healthy specimen, as COM
pared with other brand throughout the country, that it had no trouble what
ever in setting itself up in hi nucleus business N doing splcndidy from tn.
beginning.
Markets were four al over the world. The new ones were principally in
South America, Europe and the West Indies. The figures prove t. Newark
had to ave more people to turn out thu things demanded an from 10000 In
habhants in 1854, when the al was seen o have gon intoa rapid decline, 1t
that year he last of he var was reasonably enough considered to be quite
some increase Things kept booming right along, utln 1870 the products #
the city were valued a. s7o0NoN. n 1861 they had been valued at ssooooo0
AS may be seen at a glance this vas also something Q a jump. In 1870 the
value OF school property VA s4ss5oo A noteworthy incident OF the year 1866
was The founding here b. George A.>clark, of the great Clark thread works.
The parent institution had been running for near a hundred years in Paisley.
Scotland, under Clarks ancestors. -
About this time it was said that there was living in Newark descendants of
foty eight of III original sixty five settlers. Which may explan many things.
notably a certain conservatism and pose which has st0od the city in good stead
in man a crisis