No. 151.] ' 169 



trv arising from such manufacture, has produced about one third 

 of the present wealth of that vastly rich nation of people. 



These stocking-looms are operated by hand. It remained, as usual, 

 for American skill and ingenuity to knit hosiery by power, in which 

 cam motions bear an indispensable part. Some of these inventions 

 are capable of turning out a stocking complete, without a seam. 

 There are at this moment in active operation in this ci\y, twenty-five 

 power-looms for knitting stocking shapes; or in other words, the hand 

 stocking-loom of England has been converted into a power-loom 

 machine. 



There is also an establishment of this kind in a neishborins: town 

 in Connecticut, having already expended $85,000 in machinery and 

 the purchase of the right, and are now making 800 shirt-patterns 

 per day, at a cost of eighteen shillings per dozen for weaving; be- 

 ing only l^s. each. The manufactory is to be extended soon to 1500 

 per day. 



But these inventions have not yet received the attention thej de- 

 serve from capitalists; and here let it be observed, that no better pro- 

 ject for the profitable investment of capital can be presented, than in 

 putting in operation to a large extent, good machinery for that pur- 

 pose; it is an open field for American enterprise to enter and amass 

 wealth. 



There is another class of machines which, although they are not 

 employed in cloth making, belong nevertheless, to this branch of our 

 subject, being embraced in the category of machines, which make up 

 our wants in wearing apparel and dress, or accompaniments thereto. 



I will first notice pin-making and pin-sticking irachines, which 

 have appeared within the space of a few years. Not more than fif- 

 teen years since, it was in evidence, before a committee of the Bri- 

 tish Parliament, that in the manufacture of pins, the art was divided 

 into 102 distinct branches, to each of which a boy might be appren- 

 ticed and learn a trade. 



Pin machines have been invented some time, nearly half a century, 

 and various and repeated attempts were made to introduce them into 

 England without success. American enterprise, however, prevailed. 

 An over-supply is now made on American machines at the present 

 time in this country. 



