Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1834-02-06

/ sell them at a loss, with no other OBJ.
Ject than TO ruin the American manu-.
facturer, with a view of breaking IN
the system of manufacturing in Ameri-
ca"
"Fhe operation would be in part
a combined operation, on the part OF
the English manufacturers, and in part
the effect Of an ordinary cause; that
IS, to get rid ola surplus stock" I.
81 am sure that frequently goods are
brought TO us upon which money is re-
CURED to be advanced, going to Anne.
RIGA, where the parties expect to sus-
tain loss"
Sometimes the money is advanced in
England, by houses to whose agents in
America the goods are consigned for
sale; il not unfrequently happens, how
ever, that an immense shipment of cot
ton or woollen goods is made TO the
American correspondents of the En-
glish owners of the goods. If money
is required to be RENTED without de-
lay, the consignee applies to some ex-
tenslye auction and commission mer-
chant in New York, who will at once
advance two.thirds or more on the a.
mount ofthe invoice, (supposing ii TO be
fairly made out, according to the mar
ket value of the articles in it, in order
that he may secure the usual commits
sion on the sale of them by auction
The amount of his commission or per
centage depends upon whether or not
he guarantees the payment of promis.
sorry notes at six months date for which
he disposes ofthe cargo; it varies from
II to u or 10 per cent. He advances
very large sums on the consignment,
which are at once converted into bills
ofexchange, and RENTED 10 England;
so that it has repeatedly happened, that
bills for two-thirds Of the value Of the
goods exported have been on their way
back TO England, before the goods
themselves have been landed, or the
necessary papers passed through the
Custom house. In this way, the Ame-
rican market is often suddenly deluged
with a quantity Of British manufactures
to the ruin and despair of the pains
taking maker of domestics. Thus, al
SO, we see, that although the Ameri-
can tariff was the cause of much lossto
the British manufacturer, it afforded
little protection to his transatlantic op-
ponent. The latter is very much in
the same situation that q flax spinner
of Leeds, with capital of 100000,
would be in, were heto enter into CON-
petition with Marshall and Company;
sooner or later, the mammoth house
falls upon and brushes him.
Mr.. Bates says, that the competi-
ton in the United States against the
manufacturers ofthis country, "receiv-
ed death blow by the change in the
American tariff, except as far as the
cottons go;o and he thinks that the re-
mainder Of the tariff twill go also. -
1t is to be observed, that the cottons
which the Americans still manufacture
to advantage are only the coarse COM
mon goods for domestic consumption.
In the finer descriptions, where the va
lue is created almost entirely by the
labor bestowed on them, they are ut
terIy beaten out of the market by our
super-excellent machinery, low rate
of wages and profits, and the enormous
temporary sacrifices which the large
capitalists find it for their interest to
make. How long this state of things
can continue, few will venture to pre-
dict.