Most of the ready-made clothing establishments were small operations, not large factories. Large quantities of cloth were purchased; cutting was done in multiple layers with tailor's shears. Since many seamstresses were needed, the garments were farmed out to the girls in their homes. The manufacture of garments in quantity meant that the profit on each garment was larger than a tailor could make on a single custom-made item. The appeal of increased profits influenced many to enter the new industry and, due to the ensuing competition, the retail cost of each garment was lowered. Just as the new businesses were getting underway, the Panic of 1837 ruined most of them. But the lower cost and the convenience of ready-made clothing had left its mark. Not only was the garment-manufacturing business re-established soon after the Panic had subsided, but by 1841 the value of clothing sold at wholesale in New York was estimated at $2,500,000 and by 1850--a year before sewing machines were manufactured in any quantity--there were 4,278 clothing manufacturing establishments in the United States. Beside New York City, Cincinnati was also one of the important ready-made clothing centers. In 1850 the value of its products amounted to $4,427,500 and in 1860 to $6,381,190. Boston was another important center with a ready-made clothing production of $4,567,749 in 1860. Philadelphia, Baltimore, Louisville, and St. Louis all had a large wholesale clothing trade by 1860. Here was the ready market for a practical sewing machine.[73] Clothing establishments grew and began to have agencies in small towns and the sewing work was distributed throughout the countryside. The new, competing sewing-machine companies were willing to deliver a machine for a small sum and to allow the buyer to pay a dollar or two a month until the full amount of the sale was paid. This was an extension of the hire-purchase plan (buying on credit) initiated by Clark of the Singer Company. The home seamstresses were eager to buy, for they were able to produce more piecework with a sewing machine and therefore earn more money. An example of the effect that the sewing machine had on the stitching time required was interestingly established through a series of experiments conducted by the Wheeler and Wilson company. Four hand sewers and four sewing-machine operators were used to provide the average figures in this comparative time study, the results of which were published in 1861;[74] NUMBER OF STITCHES PER MINUTE _By Hand_ _By Machine_ Patent leather, fine stitching 7 175 Binding hats 33 374 Stitching vamped shoes 10 210 Stitching fine linen 23 640 Stitching fine silk 30 550 TIME FOR GARMENTS STITCHED