50 



Waed must speak once more in behalf of his patrons, 

 who were not so stupid as the Judge would make them 

 appear. They were satisfied with the manner in which 

 his accounts were kipt, and the price they received. 



Wilcox: Do you have a committee to examine your 

 books '^ 



, Waed: Yes sir, and composed of smart business 

 men, too. They had access to his books at all times, and 

 reported to his patrons as often as they pleased. Insurance 

 is higher on our factories than on any other kind of prop- 

 erty; the building good for nothing else. If you burn out 

 your trade is lost, while if a merchant burns out he can 

 move across the street, and in two days is as good as ever 

 and his business saved. Insisted that skilled labor was 

 always the cheapest; once tried a cheap man and he proved 

 a very dear one in the end. My books are kept open for 

 all whom they concern; every item was booked and had 

 been for seven years. 



Dr. R. R. Stone wanted to put in a word for the poor, 

 persecuted manufacturer. As to the price as now paid for 

 making butter being too high, it was not a fact; the maker 

 had to guarantee the product and often paid many losses. 

 To make butter and furnish everything, is small enough 

 at five cents per pound; for less you would make a failure. 

 Good factory butter could be sold to-day for thirty-four to 

 thirty -five cents, while the private dairy sold slow at 

 twenty -five cents. At these figures the dairyman could pay 

 five cents, and then make five cents Tnorefor himself. Why 

 should he complain ? His experience and observation led 

 him to believe that factorymen, as a rule, were not richer 

 than lawyers or other men. There were great risks 

 attached to the business; he had been at it for twelve years 

 and he felt quite sure that he was a long way from being 

 rich yet. 



