42 



SQthyear Accumulated capital $122395; produce 

 10 Ibs; value of cocoons $625; net profit $156 25; 

 accumulated capital and interest $1463 ; which remains 

 after paying for the land, trees and shed, together with the 

 labor of gathering the leaves and feeding the worms, and 

 compound interest on the purchase money until paid, and 

 the land and trees at the expiration of twenty years 

 worth more than double the cost, and the trees will proba- 

 bly continue to increase in size 10 years longer. 



I think this calculation of the produce cannot be con- 

 sidered exaggerated, for it is not one-eighth as much as 

 Homergue says an acre will produce. Now calculating 

 10 acres at this rate, and in twenty years you have 

 the establishment clear of debt, and $14,630 in money 

 or, 100 acres, and you have $146,300. And further, 

 these calculations are made on the supposition that the 

 cocoons are sold before they are reeled ; and if a Com- 

 pany should be formed with a sufficient capital for reel- 

 ing, throwsting and weaving, and manufacturing silk in 

 various ways, the business would undoubtedly be more 

 profitable than raising cocoons, or manufacturing cotton 

 or wool. Let the company have a plantation of mulberry 

 trees of 150 or 200 acres, and carry on all branches of 

 manufacturing silk, they would thereby create a village 

 of industry and wealth, and produce a good market for 

 the necessaries of life, and increase the value of real 

 estate contiguous thereto, besides having stock of their 

 own without buying, and in the end of acquiring immense 

 wealth for themselves, by converting mulberry leaves into 

 silk, and impoverishing no one. 



The reader is requested to consider that these calcula- 



