— 31 —
Reporter: All right.
Socialist: We again take the figures presented by the census. This one manufacturer and monopolist employs in his finely and utterly practical equipped factories some 40,000 workers—to take a round number—who were working in the 1943 establishments of 1880. They comprise the hard working laborer, the skilled workmen, foremen, superintendents, engineers, draughtsmen, inventors, clerks, book-keepers, cashiers etc., in short the entire apparatus of "hands" and brains necessary to conduct the business of the gigantic concern. To these 40,000 the monopolist pays, as the census shows, $388 each per annum. Some receive more, others less, but the average is $388, or in all about $15,500,000 per year. The cost of the material would be increased, as instead of 69 millions the aggregate value of the product amounts to 100 millions. But, as this single manufacturer can produce everything much cheaper than his former competitors, we may consider our estimate of the increase in the cost of the material to be very high. if we raise it from $31,500,000 to $40,000,000. Taking these figures to be fair and correct, we would have the following tables I herewith write down for you to furnish a striking comparison:
Under the Present System.
(According to Census.)
| Number of factories and shops for the manufacture of agricultural implements | 1,943 |
| Number of workers employed | 39,560 |
| Capital invested | $62,000,000.00 |
| Cost of material etc. | 31,531,170.00 |
| Amount of wages paid in one year | 15,359,610.00 |
| Value of implements produced | 68,640,486.00 |
| Average amount of wages paid annually to each of the workers employed | $388.25 |
| Annual profit of every one of the 1,943 manufacturers after $3,100,000 haying been deducted for interest and wear and tear of capital invested | $9,598.00 |
