FREE BOOKS

Author's List




PREV.   NEXT  
|<   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   193   194   195   196   197   198   199   200   201   202   203   204   205   206   207   208   209   210   211   212   213   214   >>   >|  
ome manufacture they never could produce a quality of yarn equally saleable in the home market with other yarn of the same counts, and nominally classed of the same quality. The principal reason was, that they spun with machinery solely adapted for a particular trade, and the production of quantity was more an object than first-rate quality; to these ends their machinery was suited, and to have produced a first-rate article, extensive and expensive alterations in that machinery would have been required. Mr Lee himself, the managing partner, was an ingenious and theoretically scientific man, and often experimentalizing, but in general practically with little success. When, therefore, the export trade in yarns fell off, as, in some years during the war and the continental system of Bonaparte, we believe it was almost entirely suspended, the yarns so described of this firm, and of any others the same, could find no vent--abroad no opening--at home not suited for the consumption. As the firm were extremely wealthy the accumulation of stock was, however, of small inconvenience; time was no object, the Continent was not always sealed. With the great spinner Arkwright the case was entirely different; at home as abroad his yarn products were always first in demand; his qualities unequalled; his prices far above all others of even the first order; his machinery of the most finished construction. If, perchance, home demand flagged, the export never failed to compensate in a great degree. So with all other subdivisions of the same or other manufactures, more or less. And this may explain the seeming phenomenon why; when the foreign trade has been so prostrate as we have seen it during the last three years, the home trade did not cease to be almost as prosperous as before. Political economy would arbitrarily insist that, repelled from the foreign market, or suffering from a cessation of foreign demand, the manufacturer for exportation had only to direct his attention, carry his stocks to, and hasten to swell competition and find relief in, the home market. In products requiring little skill, such as common calicoes, such efforts might, to some extent, be successful; but there the invasion ends. In all the departments requiring greater skill, more perfect machinery, more taste, and the peculiar arts of finish which long practice alone can give, the old accustomed manufacturer for the home trade remains without a rival, still prosper
PREV.   NEXT  
|<   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   193   194   195   196   197   198   199   200   201   202   203   204   205   206   207   208   209   210   211   212   213   214   >>   >|  



Top keywords:

machinery

 

quality

 
foreign
 

demand

 

market

 

export

 

manufacturer

 

requiring

 

abroad

 
products

object

 

suited

 
prostrate
 

remains

 

prosperous

 
accustomed
 

degree

 

subdivisions

 

prosper

 

compensate


perchance

 
flagged
 

failed

 

manufactures

 

phenomenon

 
explain
 

Political

 
extent
 

attention

 
direct

successful
 

stocks

 

efforts

 
common
 

relief

 

competition

 
hasten
 

exportation

 

invasion

 
economy

peculiar

 

finish

 
calicoes
 

practice

 

arbitrarily

 

cessation

 
greater
 
departments
 

suffering

 
repelled