VII. THE TEXTILE INDUSTRY. 247

Cotton manufacturing is an important illustration of the growth in the

textile industries of the world during the period in which the use of

machinery has multiplied the producing power of man in the industrial

lines. In all lines of textile manufacture the growth has been rapid,

but especially so in cotton, which has made greater gains in the work

of supplying man with the necessary requirements of life, in clothing

for his body and the comforts of life, than other branches of the

textile industries and than many other branches of manufacture.

Mulhall estimates the consumption of cotton by all nations at 303

million pounds in 1800 and 5,900 million pounds in 1896; wool, 460

million pounds in 1800 and 2,400 million pounds in 1896; flax, 600

million pounds in 1800 and 200 million pounds in 1896; silk, 30

million pounds in 1800 and 50 million pounds in 1897. It will be seen

from these estimates that the growth in consumption of cotton has been

far in excess of that of any other of the important fibers. Cotton

consumption in 1896 was, according to these figures, 5,900 million

pounds, against 303 million in 1800, or practically 20 times as much

in 1896 as in 1800, while wool consumption is set down at 2,400

million pounds in 1896, against 460 million in 1800, or only about 5

times as much in 1896 as in 1800; while in the other materials used in

textile manufactures the growth has been much less than that of

cotton.

Before entering upon a discussion of the growth in cotton

manufacturing and the causes thereof, it is proper to say that the

value of all textile manufactures in the principal countries of Europe

has, according to Mulhall, grown from £96,000,000 in 1800 to

£660,000,000 in 1896, and in the United States, from £3,000,000 in

1800 to £188,000,000 in 1896, the value of textile manufactures

produced in Europe having thus increased about sixfold in the period

in question, and in the United States about sixtyfold. It is apparent

from these figures that the growth in the manufacture of cotton 248

during the last century has far outstripped that of any other of the

textiles. It is also quite apparent that the capital invested in

cotton manufacturing is much greater than that in other textiles. The

United States Census reports the capital invested in the manufacture

of cotton goods in 1880 at 320 million dollars; in 1905, 613 million;

the value of the products of these manufacturing establishments in

1880, 211 million dollars, and in 1905, 450 million dollars. Even

these figures of increased production--from 211 million dollars’ value

in 1880 to 450 million in 1905--do not fully indicate the increase in

quantity of products, since prices in 1905 were materially less than

those of 1880. The average price of standard sheetings in the New York

markets was quoted at 8½ cents per yard in 1880 and 7 cents per

yard in 1905; of standard drillings, 8½ cents per yard in 1880 and

7 cents per yard in 1905; of New York mills bleached shirtings, 12¾

cents per yard in 1880 and 9 cents per yard in 1905; of standard

prints, 7.4 cents per yard in 1880 and 4¾ cents per yard in 1905;

and of 64 by 64 printing cloths, 4½ cents per yard in 1880 and 3.6

cents per yard 1905. This indicates that the increased valuation in

cotton products from 211 million dollars in 1880 to 450 million

dollars in 1905, fails to fully reflect the increased quantity

produced in 1905, and suggests that the quantity produced in 1905 was

probably approximately three times as great as in 1880.

The disposition to increase production through enlargements of

existing factories rather than by the establishment of new ones, or

the combination of existing factories as an offset to the

establishment of new ones, is indicated by the fact that the total

number of establishments, which was reported in 1880 at 1,005, was, in

1905, but 1,154, an increase of about 12 per cent in the number of

establishments, while capital was increasing nearly 200 per cent, the

value of product more than 100 per cent, and quantity of product 249

probably nearly 200 per cent.

Great Britain is in proportion to population the greatest

cotton-manufacturing country of the world. She was earliest in the

field as a manufacturer, developing that industry while the countries

of continental Europe were engaged in wars and while the United

States, now the leading producer of cotton, was developing her

agricultural industries and had scarcely as yet entered upon the

development of her manufacturing possibilities. The United States, by

far the largest producer of raw cotton, ranks second as a manufacturer

of cotton goods.

Accurate estimates of the relative standing of the various countries

in the manufacture of cotton are difficult, almost impossible,

especially in view of the fact that no country other than the United

States takes a periodic census of its industries. There are, however,

three ways by which the production of cotton manufactures in the

various countries can be approximately measured: first, by the number

of spindles in cotton mills; second, by the quantity of cotton used;

and, third, a method which has been suggested in some quarters, a

measurement of the quantity or value of cotton goods exported. This,

however, would not give at all an accurate picture of the quantity

produced, since the population of the cotton-manufacturing countries

varies so greatly and, what is more important, the habits of life, the

climatic conditions, and therefore the quantities of cotton cloths and

cotton manufactures of various sorts used by their respective

populations renders the third method of estimate of little value. Even

the first and second methods mentioned--the determination of the

number of spindles and the determination of the quantity of cotton

used--do not, by any means, give an accurate picture of the relative

quantity or value of cotton goods manufactured. In the United States,

where cotton is plentiful, much larger quantities of cotton are used

per spindle than in the European countries, and greater quantities 250

of cotton are also used for each 100 yards of cotton manufactured than

is the case in other countries. This is due, in part, to the fact that

the manufacturers of the United States are producing cotton goods for

their home population, living in a temperate zone climate and

requiring, therefore, heavy cottons; while many of the factories of

Europe are manufacturing for exportation to tropical countries, where

cottons of very light weight are required. As a consequence, the

European manufacturers use a less quantity of cotton per spindle and a

less quantity of cotton per square yard of product than is the case

with the manufacturers of the United States. The number of spindles in

cotton mills in Great Britain is estimated at 44½ million in the

season 1896-7 and 52 million in 1906-7, an increase of 16¾ per

cent; in continental Europe, 30⅓ million in 1896-7 and 35¾

million in 1906-7, an increase of 18 per cent; in the United States,

17¼ million in 1896-7 and 25¾ million in 1906-7, an increase of

50 per cent; and in India, 4 million in 1896-7, and 5⅓ million in

1906-7, an increase of 33 per cent. The annual consumption of cotton

in cotton mills is estimated, in Great Britain, 3¼ million bales of

500 pounds net in 1896-7, and 3-9/10 million bales in 1906-7, an

increase of 21 per cent; in continental Europe, 4⅓ million bales in

1896-7, and 5½ million bales in 1906-7, an increase of 44 per cent;

in the United States, 2¾ million bales in 1896-7, and 4-5/6 million

bales in 1906-7, an increase of 77 per cent; and in India, 1 million

bales in 1896-7, and 1½ million bales in 1906-7, an increase of 50

per cent.

It will be noted that although the number of spindles in the cotton

mills in the United States was but 25¾ million, against 52 million

in Great Britain, or about half as many in the United States as in

Great Britain, the quantity of cotton used in the United States was

greater than in Great Britain, being 4,822,000 bales, against 251

3,915,000 bales in Great Britain.

The textile industry of the United States, according to census

reports, represented in 1900 investments amounting to 1,043 million

dollars, employed 661,000 wage-earners, paid 209 million dollars per

annum of wages, used 521 million dollars’ worth of materials, and

turned out products valued at 931 million dollars. The number of

establishments was 4,312. Cotton manufactures formed a larger share of

these enormous totals, both as to investment, wages paid, and value of

products, than did any other of the manufacturing industries included

under the general term of textiles. The value of cotton manufactures

in 1900 was 339 million dollars, while that of wool manufactures was

297 million; silk manufactures, 107 million; hosiery; and knit goods,

95 million; and flax, hemp and jute manufactures, 48 million. Adding

to this 45 million for dyeing and finishing of textiles, the value of

the combined textiles in 1900 is set down at $931,494,566.

“Textiles,” or “textile fabrics,” may be properly described as stuffs

made by weaving together of threads of any sort to produce a material

with a nearly solid surface. “A fishing net,” says the Encyclopedia

Americana, “is not a textile, because the cords which compose it are

not woven together but merely cross one another at equally distant

intervals and are strongly knotted at those points. But

mosquito-netting is a textile, although very open, because the threads

are merely held by their own friction.” Textiles in the usual sense

are made of the twisted fibers spun into thread of flax or linen,

cotton, hemp, jute, silk or wool, woven together by the use of a loom.

“The general nature of a loom,” says the above quoted authority, “is

that the threads of the warp are divided into two sets, one of which

is thrown upward, while the other is thrown down, and at the same

moment a shuttle carrying a thread of the woof is driven through

between the two sets of warp threads. The next movement of the loom 252

reverses the two sets of warp threads, throwing the upper one down and

the lower one up, compressing and drawing tight the woof thread into

the loops which show on the surface of the stuff and go to form the

surface, and the shuttle is driven through again in the opposite

direction. The constant repetition of this forward and backward

movement of the shuttle gives a strip of woven fabric which constantly

grows: and as each movement of the shuttle is made, an appliance

drives the last thread of the woof back against the others, so that

this growing strip of woven stuff is kept at a uniform state of

firmness and solidity. It is in this way that the simplest fabrics of

linens and cottons are made. If it be desired to produce a somewhat

more elaborate weave, this is done by raising two threads of the warp

and dropping one; or by raising three threads of the warp and dropping

one, and so on. In this way the threads of the woof are seen lying in

loops, or what seems to be stitches longer than those of the simplest

weave…. If we take a step further and use three or four warp

threads, say, of red, while the rest remain white, and do the same

thing with the woof threads, we produce stripes and where these

stripes cross one another there will be a little square of the solid

color of the three or four threads, while the stripes elsewhere remain

of the half-way tint…. In such weaving of patterns it is here

assumed that the threads are dyed before the weaving is begun. The

matter of printing colors upon calico, thin silk, or the like, is

entirely apart from consideration of the textile fabric. Printing is

done from blocks (or rolls) with color almost exactly as if the

material receiving the pattern were paper instead of a woven stuff.”

The above description of the method of producing textiles is

sufficiently elaborate for a study of this character. The methods of

producing brocades, satins, velvets and other elaborately figured

textiles of any sort may be studied more in detail by reference to 253

any standard encyclopedia or work of this character.

The fact that cotton is, as has been already shown, the most important

of the textile industries, utilizing larger sums of capital, turning

out greater values of product, distributing its products over a wider

area and to a larger number of people than any other of the textiles,

justifies a somewhat more elaborate discussion of this industry and

its development during the period in which the manufacturing

industries of the world have been transferred from hand labor to that

of machines, and in which capital has come to form so important a

factor in production.

The manufacture of textiles from cotton is, like that of iron and

steel, “older than written history.” The art of cotton spinning and

weaving is believed to have been practised in India, still a great

cotton-producing section of the world, from 20 to 30 centuries ago.

From India the production of cotton and manufacture of cotton goods

moved westward into Persia, thence to the area immediately east of the

Mediterranean, then to Egypt, and even southern Europe. The Moors are

said to have introduced the cultivation and manufacture of cotton into

Spain during their control of that section of Europe, but the

cotton-manufacturing industry which existed at Seville, Cordova and

Grenada fell into decay after their expulsion from Spain and was only

resumed after the British, followed by the French and Germans, had

developed the art of manufacturing cotton goods by machine methods.

While the manufacture of yarn or threads from cotton declined in

Spain, it later made its appearance in Italy in the fourteenth century

and in Germany, Prussia, the Netherlands and England in the sixteenth

century, and France in the seventeenth century, but it was not thought

practicable to manufacture cloth exclusively from cotton until toward

the close of the eighteenth century, the cotton yarn being used only

for woof, while the warp used in conjunction therewith was either 254

wool, flax, or silk. The so-called “Manchester cottons” of earlier

date were composed in part of cotton and in part of wool or linen. The

first acquaintance of western Europe with cloths made entirely from

cotton seems to have been in those brought from Calcutta, India (and

therefore called calicoes); but the calicoes made in Europe at that

time and for more than a century after were made, in part at least, of

wool or linen.

Prior to the latter part of the eighteenth century all cloths, whether

of wool, cotton, silk, or flax, were manufactured by hand labor. The

natural fabrics were, as described elsewhere in this work, spun into

threads by the use of the simple spinning wheel, chiefly by the labor

of women who were termed “Spinsters.” The threads thus obtained were

made into cloth by the use of a loom upon the general principles above

described, but of extremely simple design and operated solely by human

power. Up to this time the making of threads or yarn and their

transformation into cloth by the weavers, chiefly men, kept pace

fairly with one another, the supply of thread or yarn being about

equal to the demand by the weavers. “One good weaver,” says Dr. Ure,

“could keep three active women at work spinning weft. In operating the

loom, the shuttle which carried the thread back and forth between the

raised and lowered sections of the warp was thrown back and forth with

the hand, which required a constant extension of the hands to each

side of the warp. In 1738 John Kay, an Englishman, devised a system by

which the shuttle was thrown back and forth by means of strings

attached at opposite ends of the lathe in which the shuttles ran,

enabling a weaver to double the amount of cloth which he could

manufacture within a given space of time, thus making the demand for

yarn in excess of the supply.” “It was no uncommon thing,” says a

writer on that subject, “for a weaver to walk three or four miles in a

morning, and call on four or five spinners, before he could collect 255

weft to serve him for the remainder of the day.”

This stimulated active minds in those industries to devise some method

for increasing the facilities for turning the wool or cotton or flax

into the needed yarn, and James Hargreaves, a weaver, devised about

1764 a machine which he called the “spinning jenny,” in which were set

eight spindles in a frame put in motion by a single wheel, and by

moving backward and forward a moveable carriage containing a

horizontal clasp to hold the material being twisted into threads, the

quantity of yarn which one person could produce in a given length of

time was greatly increased. Subsequently the number of spindles in the

frame was increased to 20 or 30, and in time to more than 1,000.

Hargreaves kept this invention secret for a time, using it merely to

manufacture yarn for his own weaving, but it finally became known and

the spinners of the neighborhood, believing that it would throw many

out of employment, broke into his establishment and destroyed the

machine. He, however, retired to Nottingham, erected a small mill and

took out a patent for the “spinning jenny,” and in time it became to

be an established method of manufacturing yarn and in a more elaborate

form is the principal factor in the manufacture of cotton yarns in the

great factories today, the number of spindles which a modern machine

of this character now uses being often in excess of 1,000, instead of

the 8 utilized by the original spinning jenny.

Meantime another method was being utilized and brought into operation,

by which a stronger yarn could be produced. It seems to have been

originally devised by John Wyatt, of Birmingham, England, and operated

upon a system entirely different from that of the jenny. “The method

adopted,” says Ellison, in his “Cotton Trade of Great Britain,” “was

to pass the cotton through pairs of small grooved rollers placed

horizontally, the upper and lower roller of each pair revolving in 256

contact, the sliver of cotton, after passing through these rollers,

being caught by another pair of rollers placed immediately in front

which revolve with three, four, or five times the velocity of the

first pair and therefore draw out the sliver of cotton into three,

four, or five times its former length and degree of fineness. After

passing through this second pair of rollers it was attached to a

spindle, the rapid revolutions of which twisted it into a thread and

at the same time wound it upon a bobbin.” This method, devised by

Wyatt in 1730 and patented in 1738, was perfected by Arkwright 30

years later and was known as the “spinning frame,” but since it was

operated by water power, received the name of the “water frame.” By

the use of this process the cotton yarn was made of sufficient

strength to permit its use for the warp as well as for the woof, and

thus, for the first time, the making of cloth entirely from cotton

became practicable.

“With the invention of the jenny and water frame,” says Ellison,

“commenced a new era in the history of the cotton trade; in fact, so

far as Europe is concerned, it may be said that the history of the

cotton manufacture, as a separate and distinct industry, began with

the invention of these two machines; for until the introduction of

Arkwright’s contrivance for spinning by rollers, it was impossible to

produce a piece of cloth composed wholly of cotton.”

Still another important device for use in the manufacture of cotton

cloths was the “carding machine.” Originally the raw cotton was

prepared for spinning by the use of brushes made of short pieces of

wire instead of bristles, the wire being stuck into a sheet of leather

at a certain angle, the cotton being spread upon one piece and combed

with another until the fibers were laid straight, when it was ready

for the use of the spinner. In 1748 a carding machine was devised to

supersede the hand process, but it was not until toward the close of 257

the century that carding machines took such form as to become an

important factor in the cotton-manufacturing industry. Even in the

closing quarter of the eighteenth century the prejudice on the part of

hand laborers against machines was so great that for several miles

around Blackwell every spinning jenny containing more than 20 spindles

was destroyed, while a mill erected by Arkwright near Chorley was

destroyed by a mob. A little later another machine was invented by

Samuel Crompton, which he designated the “spinning mule,” which

combined the drawing rollers of Arkwright and the jenny of Hargreaves;

and it was looked upon as an improvement upon the machines of

Arkwright and Hargreaves. These devices--the spinning jenny of

Hargreaves, the water frame of Arkwright, and the combination of those

principles in the spinning mule of Crompton--revolutionized the

cotton-manufacturing industry and the principles thus embodied are

still the chief factors in the great cotton-manufacturing

establishments of the world today.

Another device which added greatly to the manufacturing possibilities

with reference to cotton was the invention by Eli Whitney in America

of the cotton gin, a machine for stripping the cotton fiber from the

seeds and technically called the “gin,” probably a contraction of the

word engine. It performs its work through the operation of a series of

revolving saws which come in contact with the cotton through openings

sufficiently narrow to prevent the passing of the seeds but permitting

the fibers torn therefrom to pass downward into a receptacle, while

the seeds, freed from the fiber, pass through another opening and are

subsequently utilized in the manufacture of oil; though this

utilization of the seeds did not develop until long after the cotton

gin had become an important factor in the cotton-manufacturing

industries of the world.

Through the application of these machines--the spinning jenny, the 258

water frame, the spinning mule, and the cotton gin, driven by power

generated by water or steam, and in more recent years applied, in some

cases in the form of electricity--the cotton manufacturing of the

world has been transferred from hand work to that of machines, and the

world’s consumption of cotton today is many times as much as that of

the period in which these machines were being perfected, while the

quantity of cotton goods produced from a given amount of cotton is,

through the refinement of machine processes, much greater than

formerly. The quantity of cotton cloth produced at the present time

through the development of machinery and the encouragement which its

use has given to production of cotton and consumption of cotton goods

multiplies many times that of the period in which the transformation

from hand to machine production began, and has made cotton the leading

textile material of the world.

True, other branches of the textile industry have also benefited by

the application of machine methods of spinning and weaving similar to

those above described; but no other important textile has seen such a

remarkable growth under the stimulus of machine production as has

cotton. Even as late as 1830 the cotton consumed by those sections of

the world for which statistics are available only amounted to about

500 million pounds, against 8,500 million in 1907, while, as already

indicated, a pound of cotton under present conditions of manufacture

produces probably twice as much of a given line of manufactures as a

century ago. When it is remembered that the population of the world

has only doubled since 1830 and the consumption of cotton is 17 times

as great as at that time, the relative growth of cotton consumption to

population will be seen to have been very great.

The above figures relating to consumption of cotton and to comparison

of present consumption with that of a century ago relate chiefly to 259

Europe and the United States. Statistics of consumption are available,

in addition to Europe and the United States, for India and Japan, and

a few communities in which the consumption is small, such as Canada,

Mexico and Australia. In addition to this, however, it must be

remembered that large quantities of cotton goods are still being

manufactured in certain parts of the world by the crude processes

which prevailed in Europe and the United States before the adoption of

the machine methods above described. In China, for example, large

quantities of cotton are turned into yarn by hand spinning, and into

cloth by hand weaving, and there is reason to believe that the

quantity of cotton cloth manufactured in China by hand weaving, partly

from yarns spun by hand and partly from yarns manufactured by machine

methods, is greater than that manufactured by modern machinery. In

many of the oriental countries, in large portions of South America, in

large sections of Africa, and in the islands of the Pacific, millions,

hundreds of millions of people are still clothed with textiles--cotton,

wool, silk, or fibers--manufactured by hand processes or by simple

machines operated by man power. In Europe and the United States,

however, the system has been completely transformed, and machinery and

money, in combination with a steadily decreasing percentage of human

labor, now manufacture the cotton goods worn not only by their own

people, but by large sections of the inhabitants of the oriental

countries and the continents of Africa, South America and Australia.

The relative growth in the manufacture of cotton in recent years by

the principal countries in which this industry has developed is

indicated by the fact that the quantity of cotton consumed in Great

Britain in 1887 was 2,955,000 bales and in 1907, 3,900,000 bales; that

of the continent of Europe, in 1887, 2,912,000 bales, in 1907,

5,460,000 bales; in the United States, in 1887, 1,939,000 bales, in 260

1907, 4,950,000 bales; in India, in 1887, 569,000 bales, in 1907,

1,600,000 bales; in Japan, in 1892, the first year for which

statistics are available, 99,000 bales, and in 1907, 925,000 bales;

and in all other countries for which figures are available, in 1891,

106,000 bales, and in 1907, 171,000 bales.

With this elaborate use of machinery and increase of cotton

production, manufacture and consumption, has come great reduction in

cost of production and in prices. “In the last half of the nineteenth

century,” says S. N. D. North, late Director of the Census, in the

Encyclopedia Americana, “there was an increase in value of textile

products in the United States of about six times and not less than ten

times if it were possible to measure this product by quantity instead

of by value. Even the largest figures convey an inadequate idea of the

relative importance of our textile mills in the industrial economy of

the nation, for those mills supply the materials for a great group of

subsidiary factory industries, such as the wholesale clothing

manufacture, etc. When we aggregate these, and add to them the value

of the products of the linen, jute, hemp, and bagging mills of the

country, we find that the product of our textile mills is larger in

value than that of any single line of related industries, iron and

steel excepted. The decrease in the cost of goods during the last half

of the century has been one of the most striking phases of the

development. This decrease is due--in some measure, of course, to the

decreased price of the raw materials, but in even larger measure to

the remarkable advance in methods of manufacture--to the new and more

perfect machinery employed, in the invention of which American

mechanical genius has contributed certainly as much as that of any

other people, and perhaps more. All the fundamental inventions in

spinning-machinery were of English origin. The French and Germans have

also done much in the invention of labor-saving textile machinery,

but the American record may be shown to have surpassed them all. 261

The wool-carding machinery of all countries owes its chief improvement

over the machines of a century ago to the invention of John Goulding,

of Worcester, Mass. The modern cotton spindle, making 10,000

revolutions a minute, is an evolution of our own mechanics, and the

saving effected by new forms of spindles invented and adopted in the

United States since 1870, when 5,000 revolutions per minute was the

average speed, has been more than equal to the capacity of all the

warp-spinning machinery in use in this country in that year. In

structural equipment, the modern American mill,” continues Mr. North,

“is, in some respects, superior to the average foreign mill. It is not

so massive a structure, nor so solidly built, brick being used here

while the English usually use stone; and in the lightness and airiness

of its rooms, in economy of arrangement and general completeness of

equipment and care for the comfort and convenience of the operatives,

it is usually superior. While many parts of the machinery required for

the equipment of our textile mills are still necessarily imported from

England because not made, or less perfectly made, in the United

States, our machine manufacturers have been advancing as rapidly in

recent years as the textile mills themselves, and the time cannot now

be far distant when every new mill built in America will be equipped

throughout with American-made machinery. The American textile mills

now supply practically every variety of fabric made in the world, with

the exception of linens and the very finest grades of other fabrics.”

The Census of 1905 shows the value of cotton manufactures of the

United States in 1850, 62 million dollars; in 1860, 115 million; in

1880, 192 million; in 1900, 331 million; and in 1905, 442 million; the

capital invested in 1850, 75 million dollars; and in 1905, 605

million; the wages paid in 1860 (no figures for 1850), 24 million

dollars; in 1905, 94 million; the number of wage-earners in 1850, 262

122,000; in 1905, 310,000; the number of spindles, in 1860, 5¼

million; in 1905, 23 million; the number of looms, in 1860, 126,313;

in 1905, 540,910; the cotton consumed, in 1860, 423 million pounds; in

1905, 1,873 million pounds.

A marked characteristic of the cotton industry of the United States in

recent years has been the gradual movement of the industry away from

New England, where it was originally established, toward the

cotton-producing section, the South. The number of cotton-manufacturing

establishments in the New England States fell from 439 in 1880 to 308

in 1905, while those in the South increased from 161 to 550 in the

same time. The number of spindles as shown by the Bureau of Statistics

of the Department of Commerce and Labor, in the Northern States as a

whole, increased from 10 million in 1880 to 17⅓ million in 1908, while

those in the Southern States increased from a little over a half

million in 1880 to over 10 million in 1908. In the principal

cotton-manufacturing countries of the world the increase in spindles

during the last decade has been as follows: Great Britain, from 44½

million in 1897 to 52 million in 1907; continental Europe, from 30⅓

million in 1897 to 36 million in 1907; the United States, from 17

million to 25¾ million; India, from 4 million to 5⅓ million; and

Japan, from a half million to a little over 1½ million. The 36 million

cotton spindles in continental Europe are, according to Ellison,

distributed as follows: Germany, 9 million; Russia and Poland, 7

million; France, 6 million; Austria-Hungary, 3¾ million; Italy, 3

million; Spain, 2¾ million; Switzerland, 1½ million; Belgium, 1⅓

million, and the remainder distributed among Switzerland, Holland,

Portugal and Greece.

Business Administration: Theory, Practice and Application. [Vol. 1] Business Economics · 第 49 / 172 题