The New England magazine . themarkets a total prod-uct worth $369,082,-091. These indus-tries gave work to13,523 salaried offi-cials and clerks andto 1 81,605 wage-earners. The total ofsalaries was $17,-040,351; of wages,$87,942,628. Thesum of the salariesand wages and thecost of the raw ma-terials was $296,-284,860. Add tothis the $32,325,002reported for miscel-laneous expenses,and the total, rep-resenting the costof the finished prod-ucts, was $328,609,-862. Deduct thisfrom the value of the finished products and there remains aprofit, in round numbers, of nearly fortyand one-half million dol
The New England magazine . themarkets a total prod-uct worth $369,082,-091. These indus-tries gave work to13,523 salaried offi-cials and clerks andto 1 81,605 wage-earners. The total ofsalaries was $17,-040,351; of wages,$87,942,628. Thesum of the salariesand wages and thecost of the raw ma-terials was $296,-284,860. Add tothis the $32,325,002reported for miscel-laneous expenses,and the total, rep-resenting the costof the finished prod-ucts, was $328,609,-862. Deduct thisfrom the value of the finished products and there remains aprofit, in round numbers, of nearly fortyand one-half million dollars, or abouteleven per cent on the total invested capi-tal. This fact chiefly explains the Statesgain in population and in wealth; it isthe magnet that attracts to Connecticutin a single year thirty thousand foreignworkmen; it explains, too, the exodus fromthe farms of the State, which in 1900, accord-ing to the Connecticut State Register andManual, employed 44,796 hands, includingproprietors; had a capital investment of. $113,305,580; and yielded a total productworth only $28,276,948. In a word, thesalaries and wages paid by Connecticutmanufacturers in a single year exceeded thetotal capital investment in the States farmindustry. Connecticut, like Rhode Island, produceslittle of the raw materials that are used inher factories. She has comparatively littlewater-power, and must ship in the coal thatmakes her steam-power. She has but onedeep harbor, andthat one, at NewLondon, is practi-cally unused. Thebulk of her freightis hauled over thelines of a singlerailroad. The onlysteam road in theState not controlledby the Consolidatedis the New LondonNorthern, underlease to the Ver-mont Central, whichis in turn underlease to the GrandTrunk road of Can-ada. The GrandTrunk thus keepsits grip on the bestof the Connecticutharbors, but makesvery little use of it. President Rufus W. Stimson, of Connecticut Agricultural College, Harvard, 95, Yale, 97 A Loss in Indi-vidual Initiati
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