These steam mills had a capital investment of $1,000 in the saw mill and $1,500 in the grist mill with raw materials of $500 in timber and $1,400 in corn. The employer hired two men to whom he paid a total monthly wage of $40. The saw mill manufactured 400,000 feet of lumber valued at $4,000, and the grist mill produced 2,500 bushels of cornmeal valued at $3,000.