600 MANUFACTUEES. 



Allowing that only a custom work of 2,000 bales could be counted on 

 at a ginnery, it would rec^uire four such establishments to furnish seed 

 for one fifteen-ton oil mill. Their total cost, as above estimated, would 

 be $20,000, making in all $38,144, say $40,000. The oil mill would yield 

 say : 



4,000 tons of seed, yielding 35 gallons oil per ton, @ 40 cts. per gallon $o6,000 



4.000 tons of seed, yielding 750 pounds cake per ton, (5. ?24 per ton 30,000 



4,000 tons of seed, yielding 24 pounds lint per ton, @ 6 cents per pound 5,700 



Total product 807,700 



If frona ihe above expenses be deducted, as follows : 



Cost of 4,000 tons of seed, ® 812 per ton 848,000 



Expense of working ditto, 82 per ton 8,000 



Freight, $2.50 per ton 10,000 



Total expenses 866,000 



Net product .-.. 831,760 



This would be 175 per cent, on the investment in the mill. If the 

 capital invested in the ginneries be included, and their net product of 

 $3,180 for each of the four, as above estimated, be added, in all, $12,720, 

 it makes a total net product of $44,480. This will amount to one hun- 

 dred and eleven per cent, on the combined capital ($40,000) of the gin- 

 neries and oil mill. The cost, especially of the gins, is here given at the 

 highest figure. The ase of water power would be a saving of $1,200 per 

 annum. On the other hand, the minimum rates for ginning are taken, 

 and no allowance is made for the profits accruing from handling 8,000 

 bales of cotton, from the improved staple of these bales, representing itself 

 a net gain of $40,000 per annum, at one cent per pound, and from the 

 saving in waste and in cost of transportation by the easier handled pack- 

 ages. These gains would, in part, be shared with the farmer as an in- 

 ducement to secure his patronage. But it must be remembered that such 

 establishments, wdiile immediately surrounded by the producers, would 

 also be in direct contact with the consumers. Cotton would be sold on 

 samjjles taken during the ginning, and contracts with manufocturers 

 might be filled directly from the gin house at a great saving to both 

 parties. 



The numerous water powers in the middle and up-country would fur- 

 nish suitable and healthful locations for such establishments. Those 

 convenient to both railroad and river transportation would offer the great- 

 est advantages, and would always hold a leading position. The expenses 

 and repairs attending steam would be obviated, and cheap land and 

 abundant labor could be commanded, Such ginneries and oil mills 

 would at once become the centres round which the leading industries 

 connected with cotton growing would organize themselves, and the 



