Speech #610038053

I shall read. if the Senate will permit me. some of the particular. The cry has been on this floor that we must re- reports of the leading mills. given to their association in open serve and protect the American market for the American manu- meeting. It may instruct us in the legislation that is now facturer. and here this member of the National Association of forthcoming on the cotton schedule: Cotton Manufacturers is prophesying that within twentyfive Amoskeag : Date of incorporation. 1831 . capital at present. $5.760.000. years. if the same rate of progress shall exist. that we shall surplus. $3.720.691: debt. $1.425.000. earnings per share. $21.30. be manufacturing the cotton goods of the world in spite of the dividends. 1907. $16 per share. total dividends through eight years. 126 per cent. average dividends. $15.75. book surplus per share. socalled "pauper labor" of the Orient.and the cheap labor $64.50. par value. $100. of Europe. and in spite of the fact that it has been repeatedly I read another. Let us take the Pacific Mills: said that the transportation charges do not offset the difference Incorporated In 1853 . capital. $3.000.000. surplus. $6.332.854 . debt. between the wages of foreign and domestic labor. Europe none. earnings per share. $550. dividends. 320 per cent. total divifixes the price of our raw cotton. and if. within twentyfive dends. 124 per cent. average dividends. $19.75 . book surplus. $2.110.95. years. in spite of her sharp competition. we can manufacture I invite Senators to read the entire table of that class of the cotton of the world and sell cotton goods where Europe is mills making the finished goods in the New England States and now manufacturing and selling them. what need have we now earning a book surplus.