. Raw silk; a practical hand-book for the buyer . ooms when the country is prosperous, butkeeping up the building of mills simply means that manylooms will stand idle when bad years come. In Lyons the people are more conservative. Every nowand then a new mill is built, and the venture always attractsthe comments of all. The policy of running a few loomsall the year round evidently pays more than having onlyhalf the quantity in action. The Lyons manufacturer hasan unlimited number of partners viz.: the designers, themill owners, the finishers, etc. All these people, althoughnot being directly a
. Raw silk; a practical hand-book for the buyer . ooms when the country is prosperous, butkeeping up the building of mills simply means that manylooms will stand idle when bad years come. In Lyons the people are more conservative. Every nowand then a new mill is built, and the venture always attractsthe comments of all. The policy of running a few loomsall the year round evidently pays more than having onlyhalf the quantity in action. The Lyons manufacturer hasan unlimited number of partners viz.: the designers, themill owners, the finishers, etc. All these people, althoughnot being directly associated with him, have an interest inkeeping him well posted, in suggesting, and creating for himwhatever will bring business. He is at liberty to pick upwhat pleases him best, distributing to one mill his ordersfor satins, to another his orders for taffeta, and attendingto the financing and selling end himself. The commissionhouses of America can be compared to this only in the lightthat they may be financing several silk enterprises, such as. A Jacquard Hand Loom in Lyons, Franck Lyons, the City of Silks 83 broad silks, ribbons, velvets; but they do not profess toknow much about manufacturing, and are satisfied to seethat their money brings in as high a rate of interest aspossible. I will name at once the most important factor of the silkbusiness in Lyons—the silk merchant. The organization ofsilk merchants in Lyons is- the most powerful in the the Milano market, now handling more raw silks, ispractically controlled by Lyons banking raw silk merchant needs a large capital because mostof the time he is owner of some filatures in Europe, andalso an importer of Asiatic raw silks. In Lyons, as well as in Milano, the silk merchants sellon a one hundred days basis, discount allowed if paid inten days, six per cent per annum. It is a safer business thanthe extended credits allowed to almost everybody in Amer-ica. Silk is always sold conditioned, exc
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