Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1828-03-25

wealth OF the country, by the diversion OF capital
and labor 20 the manufacture of woollcn aud cotton
goods: Ii is quite obvious that part Of the cap
ital under consideration will be created by the pro-
posed policy. ALI that possibly result from that
policy, will be an increase of the profits Of the cap
itai already invested in the manufactures i'll ques-
ton, and transfer OF existing capital TO those man
utactures from other employments. That the in
creased profits OF the capital already Invested will
make corresponding increase in the wealth OF the
manufacturers, is not 10 be questioned. And, if
their manufactures made for expectation and
foreigners could be compelled, by policy, to
pay the enhanced price, the wealth of the country
would be undoubtedly increased in this branch of
industry But, the profits OF the manufacturers
will be enhanced only by increasing the price paid
by our oica Citizens for the manufactures of wool
len and cotton goods, il is self-evident PROPOSE
ton, that the wealth Of the nation will be dim-
nished III this particular. precisely much on the
one hand as it will be increased on the other
ne only effect of the prohbiory policy, in tlis
part OF its operation, will he TO transfer given
sum, annually, from the planters. farmers, mer-
chants, mechanics, aud laborers, of the country,
10 the manufactures of wooilen and co.ton goods.
| as 10 that portion OF the capital of the country
| winch The prohibiory system may transfer from
otheT cInpiOy:nentS 70 manufactures, the increase
OF ITS profits will be doubtful i'll Point of fact. and
s'' less conducive 10 the national " calth than the
Increased profits OF the capital already invested
IN manufactures For, il can hardly be doubt
ed, that capital now invested in the shipping
business, and in The business Of foreign com
merce, will be thrown out of employment "a
an extent very nearly equal 20 the amount oil
the new investments that will be made in the
business OF manufacture, in consequence of The
proposed prohibitions. Any increase therefore
which may be made in the profits o.: the ca.
piai thus transferred TO manufactures, Is not only
liable to the objection that is produced I,y an in.
crease IN thc'price OF manufactured articles ans
consequently paid by our own citizens but 20 the
additional objection, that the new employment O.
capital Is produced by the destruction of its natura
M npi,t 'hnc
TO the charge OF paying the increased price Of cot
ton and woollen manufactures without any thin,
ike corresponding increase of profits of this por
ton o. the capital invested III The business of max
ing t!ic;n.
p [T0ts con:iaucd,i
# Tic Jackson Corresponding Committee. met i
portsmouth on Monday, pursuant to notice. Gen
3, Jo'tN HooGEs was called 10 the Chair, and Mon
DEcAI COOKE, Esq acted as Secretary. YHirf
= or J0fty members were added 10 the Commit
tee; several resolutions ronotivc OF IFS object
, were passed. a Preamble & Resolutions wcr
aiso unanimously adopted; the former urging tn
s necessity OF concert in action between the sevc
RAJ counties, and the latter expressive Of The OK
pediency, IN the view OF the committee of call
ing DiSrictvonyention OF the several Correspond
ing committees OF Princess Anne, Norfolk Nan
# semond, & Elizabeth CITY Counties &. SorCo
a Borough, o7t the third Monday a., .9pya for In
purpose OF promoting the cause they have espous
I ed. For this objecta subcommittee of five wcr
ppoihteu with instructions 10 correspond with tn
committees throughout the electoral district an
to urge upon their fellow citizens the inportanc
OF the proposed convention. [.NoyfoM Beacon.
: :, he Report of the Committee of WAYS an
Means of the House Of REPRESENTATIVES NJ w
ington, Is document ofconsiderable importance f,
the country 1t contains calculations OF the effect
oil the PFohibitory policy upon The question OF M
uoaat revenue and structures the last report
. the Treasury, which strike us as worthy of vcr
serious attention. II is not properly susceptible
aoF'dgement,or fbeing iuade adequately known b
extracts: we shall endeaver, therefore, 10 publis
te "iioie OF this e'aborote and instructive proluc
! ''o"' GWotsh'S Nat. Gaz
From tie JtesD Hampshire Patriot, March !,
o VOTES FOR GOVERNOR.
e 1923. 1871
+ ,, Pierce. Bell. Rcp,,b. Fed1
a los io"ns'T 1912 1914 1899 1878
There are s2o towns in the State.