Letters on the Factory Act, as it Affects the Cotton Manufacture, Addressed to the Right Honourable the President of the Board of Trade

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B. Fellowes, 1837 - Child labor - 52 pages
 

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Page 14 - The motives to long hours of work will become greater, as the only means by which a large proportion of fixed capital can be made profitable.
Page 13 - ... to the circulating capital, the net profit would be more than doubled. On the other hand, if the hours of working were reduced by one hour per day (prices remaining the same), net profit would be destroyed — if they were reduced by an hour and a half, even gross profit would be destroyed.
Page 12 - I will suppose a manufacturer to invest £100,000 — £80,000 in his mill and machinery, and £20,000 in raw material and wages. The annual return of that mill, supposing the capital to be turned once a year, and gross profits to be...
Page 23 - The factory people in the country districts are the plumpest, best-clothed, and healthiest-looking persons of the labouring class that I have ever seen. The girls, especially, are far more good-looking (and good looks are fair evidence of health and spirits) than the daughters of agricultural labourers.
Page 13 - The remaining 2-23rds, that is, the last two of the twenty-three half-hours of every day, produce the net profit of 10 per cent. If, therefore (prices remaining the same), the factory could be kept at work thirteen...
Page 15 - That the increase of price would be such as to occasion, even in the home market, a great diminution of consumption, I have no doubt; and from all that I read and hear, on the subject of foreign competition, I believe that it would, in a great measure, exclude us from the foreign market...
Page 24 - ... except immediate profit. A carpenter and a bricklayer club to buy a patch of ground, and cover it with what they call houses. In one place we saw a whole street following the course of a ditch, in order to have deeper cellars (cellars for people, not for lumber) without the expense of excavation. Not a house in this street escaped cholera.
Page 12 - ... week and nine on Saturday. Now, the following analysis will show that in a mill so worked, the whole net profit is derived from the last hour.

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