The History of Louisville, from the Earliest Settlement till the Year 1852Casseday, Ben
History
The History of Louisville, from the Earliest Settlement till the Year 1852
Casseday, Ben
Louisville (Ky.) -- Description and travel; Louisville (Ky.) -- History
The manufacturing interests of Louisville come now to claim their share of
attention. And it is somewhat singular that, with the resources and
capacity of this city as a place for manufactures, there should be so
little to boast of in this regard. Of her commercial statistics, as has
already been shown, Louisville has abundant cause to be proud, but she has
at the same time reason to regret the little use which has heretofore been
made of her immense advantages as a manufacturing point. It is not to be
denied that there are many excellent manufacturing establishments in and
around the city, but the number is greatly below what is needed and
greatly disproportioned to the advantages offered here. There are many
reasons why this city should hold prominent rank as a place for
manufactures. The facilities in the way of water-power, the immense
surface of level and highly productive country by which it is surrounded,
the cheapness of rents and of building lots, and the advantages for
placing the manufactured article in market, are among the most prominent
of these reasons. There is, perhaps, no city in the Union where similarly
great inducements are offered to the judicious and enterprising
manufacturer. And yet the results of commercial enterprise of other sorts
have been so successful and so rapidly produced as to lead away from the
manufacturing interests much capital which would otherwise have been
invested in them. The brilliant success of any one department of trade in
a city has usually led to precisely similar results as are alluded to
here. Of this Cincinnati furnishes a notable example. Her earliest success
was effected by means of her manufactures, and persons seeking investment
for their capital naturally gave it the direction which had already proved
productive. Louisville, on the contrary, owing to her peculiar location,
found her earliest and most promising evidences of prosperity in
commerce, and consequently all the capital seeking employment was
naturally drawn into this channel. And it is unfortunate for Louisville
that this has been true, for however important commercial prosperity may
be to a city, it is far inferior in point of utility and universal profit
to the advantages conferred by successful manufactures. During the last
four or five years this matter has begun to engage the attention of
capitalists and a proper and healthful feeling is rapidly gaining ground
in favor of this branch of trade. Many new factories have already sprung
up, and several more are on the eve of establishment. The public mind is
fully awakened to the necessity for building up and for encouraging the
products of home industry, and the producer has taken new rank in public
estimation. The prejudice which may once have existed against mechanical
employments of all sorts is no longer felt, but the manufacturer and his
employees are held alike high in favor and in social rank.
Public-domain text, read in full here on John Shaqi.
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