FREE BOOKS

Author's List




PREV.   NEXT  
|<   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167  
168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   189   190   191   192   >>   >|  
is indeed onward and upward. "Having seen a statement, given upon the authority of some gazeteer, to the effect that about six million dollars were invested in this State in manufacturing, which we felt assured was a libel upon the State, we have taken steps to procure statistics of the more important industrial establishments throughout the entire State. We find that in the manufacture of pine lumber alone, there are about seven million dollars invested, exclusive of the standing timber of proprietors, which perhaps might properly be included as part of the capital." Such indications of thrift, enterprise, and prosperity in a region that twenty-four years ago was a howling wilderness, it may be safely said, is without a parallel. The other counties, we are tolerably safe in estimating, will swell the amount to $10,000,000, making, with the lumber manufactories, and the $2,148,500, invested in the iron manufacture, more than twenty million dollars! The apathy of the citizens of Detroit in availing themselves of the magnificent advantages possessed by the city for prosecuting manufacturing upon an extensive scale, is wholly inexplicable. There is a mine of unproductive wealth in our midst that might at once be placed at compound interest. It now lies dormant in the sinewy arms of men and the nimble fingers of women and children. There is thus a moral aspect in this question that addresses itself with peculiar earnestness to the philanthropic. But it were a philanthropy that would lay up treasures on earth. Daily, almost hourly, raw material takes its departure from our city destined to be received at eastern manufactories, there to be worked up and returned to us for our consumption, by which we are taxed with the freight both ways, in addition to losing the profit of the manufacture. Every property holder has a direct interest at stake. If a liberal sum were to be subscribed to-morrow for investment in this important branch of enterprise, the direct benefit that would accrue to the real estate of the city would be at least double the amount invested. The Western States look with deep interest to the Grand Trunk Railway, and are hopeful that it may prove a great benefit to them in enabling producers to reach the markets of European consumers at a cheap rate for carriage. Unquestionably great benefits will grow out of the opening up of the great thoroughfare. At the same time there are questions of grave importanc
PREV.   NEXT  
|<   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163   164   165   166   167  
168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   189   190   191   192   >>   >|  



Top keywords:
invested
 

manufacture

 

million

 
interest
 
dollars
 
direct
 

amount

 

important

 

enterprise

 

twenty


lumber
 
manufactories
 

manufacturing

 

benefit

 

received

 

worked

 

eastern

 

destined

 

freight

 

fingers


consumption
 

returned

 

children

 
hourly
 

treasures

 
addresses
 
philanthropy
 

earnestness

 

peculiar

 

philanthropic


material

 

question

 
aspect
 
departure
 

morrow

 
European
 

markets

 

consumers

 

producers

 

hopeful


enabling

 

carriage

 
Unquestionably
 

questions

 
importanc
 
thoroughfare
 

benefits

 

opening

 
Railway
 

liberal