The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-08-27

as far back as 1888:
eIt is to the industry, the economy and peaceful
pelicy of America, and not to the government OF
| Russia, that eur statesmen and politicians, OF
whatever creed, ought to direct their anxious
sudy for 1t is by these, and not by the efforts OF
barbarian force, that the power and greatness OF
ENGLAND are in danger of being superseded: yes,
| bv the successful rivalry of America, shall we
in all probability be placed second in the rank OF
nations.n (See England, Ireland and america,
bw Manchester JMaiuJdcttsrer London,
1850
In corroboration of this, we find that the late
Bankers circular admits that the manufactures
of this country can be 'lot9 taken to England
and sold at profit at English prices
In proof of this, see the following extract:
From the Bankers Circular, London, June 70
There are however, other circumstances arls-
ing out of the perplexed monetary affairs OF the
United States, which the British manufacturers
should consider, however disagreeab,e 1t may be
TO us to be the means of calling their attention
to them The price Of manufacturing labor in
the United States has fallen, we believe, more
than one-third from the scale of 1857. One
consequence of this is to reduce the cost OF pro-
duction, for capitalists lower profits on stock,
when laborers sink their wages.
We are credibIy informed that some kind Of
cotton goods MANUFACTURED in the northern
States eftte Republic can be brought to Eng
laGd, pay the import duty, and other charges,
and be sold IN the Manchester market at ten
per cent. 100 the present Ioto prices ofsirnildT
goods r,a..v in lancashire. From the same au-
therity, we Learn that hdtchetS made IN the u
States can be sold IN Birmingham so as to pay
anluch higher profit to the importers, than the
sspiece-goodS' from the same country tcotud gf-
ford achen sold IN Manchester We have heard
of nothing which threatens to trench upon the
woollen and worsted, silk, pottery, linen, and
hosiery branches of British manufactures; but
the foregoing facts we consider to be ominous
and untoward indications Of forthcoming rivalry
which cannot fail, in the course of brief space
of time, to affect some of the most heurishing OF
our manufacturing interests.
We believe that after every period of severe
pressure, the factories of the United States will
get into activity and afford remunerative profits
to their owncrs much earlier than those of Eng
land, because wages have not, in the former
country, been pressed down to the lowest state
compatible with human sustenance, and viii
yield to the pressure promptly; and because the
prices of food are extremely low and are likely
to continue so for years to come.
Let US pause for moment and think on these
facts. Do they not give solution of all that
we see in the policy of England, relative to the
slave trade' Who can believe, that those who
compel their East India subjects to labor for too
pence per day, who buy East India cotton at
three pence, while American cotton costs mine
pence, are governed by benevolence and love for
the poor African
There can be but one opinion on this subject;
and we beg the South, and especially every
werking-man, to remember that this war upon
the slave property of the South, is part of the
system adopted by British statesmen, who use
the fanatics as mere instruments, to enable the
British manufacturers to sell their goods to con-
sumers, who are compelled to pay SO great pro-
fit on their cost as to enable the manufa cturers
to pay the taxes necessary to meet the interest
her national debt-her tythes, her corn-Iaws, her
excise, her customs, her poor rates. and her other
taxes. The West India interest had a monopoly
of the colonial trade, and hence it was necessary
to indemnify that interest before the trade of tn,
East Indies was thrown open to British enterprise
and slavery was abolished at charge of $780,
600, 600; or, in other words, the people of Great
Britain had given a monopoly of the coloniai
trade to the owners of 100000 slaves in the w est
Indies, and thSy gave them $500, 900, 900 for the
privilege Of sending their manufactures to 100,-
600 900 of subjects in the East Indies, who could
not only consume so much more of these manu-
factures, but who, working for two-pence per
day, could pay them in sugar at Els per ton, for
which they gave the West India planter 442; and
in cotton at three pence per pound, for which
they had given the American planter nine pence
per pound.
These are facts which the writer of this foresaw
many years ago, and which he has labored again
and again to explain to his readers. They are
facts having important bearing on the present
policy of our government, and which should be
engraven on the minds Of every voter We are
at this moment, struggling for the first place in
the rank of nations; and our prosperity depends
upon fostering that system of credit which has
enabled us to drive England to make war upon
China, and compels her to look now to her Asiatic
subjects as the consumers of the products of her
manufacturing industry. We will follow up the
subject.
PIP. S.-Since writing tie above, we have
opened the Globe of yesterday, and find in it an
address to the people of the slave-holnng States,
signed by Southern Congressms- in which the
Globe says, they demonstrate that the Northern
Wings are the allies ofthe Abolitionists. twill
be our purpose to show that no people in this
country-not even the shareholders themselves,
are more deeply interested in protecting slave pro-
perry than Northern manufacturers and Northern
laborers; and that the election of General Harri-
son will contribute more than that OF MIR. Van
Buren, to secure our slave property. We claim a
right to be heard. We would refer the people
Of Georgia and of South Carolina to speeches de-
livered before the members of their respective
Legislatures in 1886, in which we predicted what
has followed-ia which we pointed to the condi-
ton of the British manufactures, and the neces-
H. l..4 l.. E-I L.