The Sun.
London, England, 1825-03-17 00:00:00

I'HE LONDON JOURNALS.

DAILY

Extractsfrom the Morning Papers, March 17 ,1 8'25.

ENEW TIMES]

The beneficial practical results, which we were
?always certain would follow the adoption of libe-
ral and sound principles of political economy, are
daily becoming more apparent in the increased
activity of every branch of manufacture, and the
wonderful and rapid augmentation of our national
wealth. It might have been thought a year or
two ago, that no new spur could be given to our
industry ; hut the wise and enlightened measures
of the Chancellor of the Exchequer last year, for
the encouragement of those kinds of manufacture
,sihich, from old and injudicious enactments, had
been held in shackles, and prevented from
making the progress other branches had made, are
now producing their effects, and new channels
are every day opening to commercial enterprise.
Among others the manufacture of silk, now that
the heavy duties are removed, promises ere long
:o drive the foreign manufacturer out of the
rnarket. 'We learn that the Master manufacturers,
with a view to compete with the French, who are
oar great and only rivals in silks, have for some
tine past been endeavouring to introduce more
powerful and improved machinery into their ma-
.nafactorieS; which by abridging and facilitating
the labour of fabrication, will enable them to
. supply the market with silk goods in greater
abundance .and at a cheaper rate. We hear that
power-looms, as they are called, have been intro-
duced, which are worked by steam, and where
"the...rnechanical arrangement is so ingenious and
,sts simple, that one man can manage and attend
to the work going forward in three looms, at the
same time. This improvement must doubtless
tend greatly to diminish the ex pence of produc-
tion, and we trust it will help, in some degree, to
counterbalance the natural advantages which the
Frenchmanufacturer possesses. Much of the beauty
of the colours of the French goods is attributed to
,the influence of the climate, and at Lyons they con-
sider the warm air as one of the principal causes
.r.Twhich improve the dyes of their silks. Against
these advantages of climate we can only oppose
our steam engines, the superior skill and industry
of our workmen, and the greater talent and enter-
prize of our capitalists and master manufacturers.
We can easily imagine that this introduction of im-
proved machinery may give umbrage to many
among the operative silk weavers, whose prejudices
on the subject are natural, hut, being founded on
ignorance, they must yield to better information.
As our Journal has ever been open to their
claims, they will not doubt our impartiality when
we earnestly and sincerely offer them our friendly
counsel, and recommend a cordial co-operation
with the•master manufacturers in their efforts to
meet advantageously our rivals, to whom our
market will be opened in the ensuing year. It
is a great error to suppose that the use of ma-
chinery will in any way deprive the workmen of
employment. It appears paradoxical, but it is
nevertheless true, that whatever abridges la-
hour, serves eventually to increase the demand
for labourers. When the machine for weav-
ing stockings was invented, it was considered a
great hardship on those who gained their bread
by knitting, but the cheapness and facility with
which stockings were supplied by the loom, in-
creased the demand so prodigiously, that the
knitters betook themselves to spinning the ma-
terials that were woven into stockings, and thus
gained their livelihood. In like manner the
invention of spinning jennies caused additional
consumption, and augmented the demand for
cotton goods, and more hands were employed
than had been before the invention.--The
same consequences will follow the application of
machinery in the manufacture of Silk, and we
therefore trust the operative weavers, among
whom are so many sensible and well-informed
men, will dismiss from their minds all suspicions
of sinister intentions on the part of their em-
ployers, and will unite with them in the pure
and philanthropic design which has led to the
establishment of the Mechanics' Institution in
Bethnal-green.

[BRITISH PRESS.]

On the second reading of thePasco-Peruvian
Mining Company Bill last night there was some
diseussieu, which, in these days of speculation,
is
..pot wholly unworthy of notice. Mr. Hob-
house endeavoured to redeem his pledge by
bringing forward the matter of accusation he
possessed against this project. Much that he
said was equally applicable to all other similar
undertaki►rgs. The chief objection was against
the title on which the Company found their
property in the mines. This is a question of
fact on which at present the public are not
competent to decide. That the mines are likely
to yield a great revenue was amply proved, by
the authorities quoted by Mr. F. Buxton, who
declared that he was not personally interested in
the discussion ; and there Has one remark made
by that gentleman to Which individuals would.
do. well to attend, viz., that " representations
made for the purpose of depressing the market
may be quite as injurious as those made for the
purpose of raising it." Disappointed parties not
'lnfrequently take their revenge by decrying the
undertakings in which they are nut suffered to
participate. There can be no doubt that many of
the projects now in the market are calculated, not
only to yield much individual advantage, but
greatly to forward the public benefit. It behoves
every person, before he enters into any schetne,
to weigh well the consequences of failure and the
probabilitles.of success. Many, who should not
adventure,' are no doubt tempted to embark their
small capitals in the alloring speculations that
are opened before them ; but whatever individual'
inconvenience or loss may result fro►u this
prudence on their part, surely it would be the
very reverse of wisdom to interdict others com.
potent to eadere the risk, from those bold at
tempts which almost invariably end in promoting.
the public interests, by extending the range of