New Industrial Enterprises.

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The increasing wealth of a nation, as well as the profitable and steady employment of its capital and people, depends upon a continual increase of the producing power. Whenever there are latent resources undeveloped or opportunities for establishing the first foundation of an industry, leading as it will to the originating of hundreds of auxiliary ones, an unusual effort should be made to bring it into existence. If in the power of individuals to accomplish, so much the better; if needing an association with State or national influence, then this association should be formed. It is incumbent upon individuals that they possess a sufficient pride in the prosperity of the country to give every possible attention and assistance to a careful practical demonstration of the feasibility of all the new industrial enterprises which may be presented with reasonable assurance of final success.

Not in a great expenditure of money: influence is better than money, and a potential interest in a new enterprise is often better than capital. The industrial resources of the United States are by no means worked to their full capacity. The people by no means make all they consume. The finer articles of use, and requiring much labor and often the highest skill, are imported from foreign nations. A premium of $10,000 offered for an improved method in any known present process of production or manufacture would be almost sure to be called for.

While America exports $175,000,000 worth of raw cotton annually to be worked up by other people, is it not possible to so increase the manufacture in America as to keep the greater part of that raw material and to export the cloth instead? Is it not practicable to establish great numbers more of sugar estates in the same tropical climate? Is it not practicable to lay the foundation of half a dozen beet sugar mills in the country? To begin the weaving of linen goods, and to teach our farmers that they may produce all the flax fiber as fast as required? To start a ramie industry in a small way and teach the process to those who will engage in it?

Will not our silk men put a velvet industry into operation as a germ from which a future industry may grow? And we might name a hundred other lesser enterprises which have hardly name in this country, but every one of which is needed and will add to the wealth of the people.

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