Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-06-16
TO TIE SENATE AND HOUSE or REPRE-
81. NJ - .L.A.L-L-A

kEsrEerFCtif sHsNErH--
TIA, If ihcn Stockholders in the various In
cuperatrd ComanIcs Ter the nfauu aetaie 81 Cotton
Ecvts III the ssid auo Is vicinity; any Il thcm
are in Other respects. materially Interested IN The pros
pery q. t,se establishments and all ct thcm cN
IRENE socii5ls tn ihelf large anunl Of cap
iial has been invested IN lhem ihepeliaIe Of
prun Ct cur People materially do tutcIt them and
Then fate is destined, woleirYe 10 Lase stimpr
fantiuiilcnoc. fiher III good evil. whole
nuuiiy rhest aud oldest Of thu various Cotton Manu-
featuring oimpaaies incorporated m Virginia char
tered IN 1872 aud commenced ape IN this place,
an is<3. There arc now In the tnn aud adjacent mno
<lIa;er ~ II five others. IT which the alluung state
nent oAhh''s the capitals ard Other particulars fcla
ting them.
Elk Cotton Manufactures inearpprated--,hc Peters
tarE-4he Aioielals'- Nateara-t the Eurck the
pchaa.es and the Ba,lenca-aaj tao private Com
lahes:
Their united capital A. 100000
Number Of Npludl,s 25lO0
Looms 12t
Of yards 4f cladt wLicl. l.y can
make PEI day 2o,9i0
- Of white operatives employed lao
a u porsons deriving supPn from
TIE far'orioss $3.50
snrocaby 10 tie statements e the different Agents
The Il capital invested IA these Institutions.
besides private the number OF persons who
ind employment in hen, and derive support from them.
the large quantity OF goods whcn thcy manufacture and
ahr ready nsrket winch they aienl fr many Of the az
rcuiiura productions u 'he nciehb1urng country, are
circumstances which would endtf their downfall wide
spread public disaster Bat without sono essential
change IN The Governmental policy, the general
>sitoa Of the country that calamity. many Of them,
Iaust, It is feared. inevitably ta6e place.
50 long de eutos "a impaired c. goods
adequate supply The Heff sSary revenues 10 the Gov
ernmcnt, Jusi5n u faiaciones generally were III
prosperous State uni'shln2 lar ~ at the capital
iavosied in them. eml compensation iar the labuur
employed al iheB aud chen and abundant supply OF
tho variaus goods manufactured hy them During all
This period complained ii the ugh prices Of
fiuso goods, or II ihclr quaIB lhclr uusuitaniy
10 the wants oil thu ra.pl.. Ga Tia contrary, they
obtained very geaoml oahucadditun lot the mode
ration ut their lfe2 AMI tie excellence Of their IA
sbrc. All We're eJnjoaled aud al We're prspling.-
But when, undrr the operation 81 the Compromise
Act. the durs reduced Ia The present low rates
'foruigu manufacturers encouraged hy low du
tcs and prompted purity hy tGe uainvora! condition Of
things IN their owu country, aud panty Hy the strong
tcrCsi which hoY have 10 destroy hrlr formidable rivals
tbs tuAnnr Hto mgtt.r sfhH such lars- ouan-
titles Of theI tAeEn goods cf larors descriptions hat
while the prices arc moi earaN reduced there is ahso
1u;eA noGemand and uoMall tthc saleoi our manuac
turrs, Depressed The lr'crs u every thing IN IT,,
land pes'rte n scytry taueh II industry, ,ur manu-
aacur.es could still carry INTERPRETATIONS alordnr We
" low pri L. stockholders. bu giving constant employ
mcn to labour, and adequate reward to industry aud
furnishing steady market f = the sale Of many Of h,
products u agriculture, Ru, the grievance under which
suffer is that domestic markets are taken A
way from U.s. and We unable u sell any where or AT
say price the goods which manufacture Hence tn,
number Of manufacturing csatl shmenls in dnercn
PARTS Of the MON, which haze entirely discontinue,
their operation and the greater number we aprrrhcn
destined to similar tate Tie genera circrmst,n
es Of the country, and the condition # people are
such. that there rust he, uu only adequate but
speedy remuneration flr lahour, no matter hoy, i
may ho bestowed employed; and from the yer,
limited means which NC had u establish our Manu-
factories Is impossible ur hem Ia furnish that tim,
y renen@a''n except by prompt sale Of their produc
lions The lncofpInc1 Companies OF this place n
any rate, whatever may be the clseNhcr do NJ
consist o capitalists, unless very limited extent
both as to amount and IN nuuter.-lhey were formct
emtiy with view 10 the general advantages which
were expected II result from th,r successful operations
IN providing profitable employment for the ahorlnn elias
Sos and IN augmcntuo The pdc. business and capali
ties OF the town. IT. prof Of this we refer To the fact
notorious here, that the capitals have always been raise,
in subscriptions OF small amount and that The Cmnpape
have beca almost constantly ia debt.
Manufacturing establishments thus situated cannot
ovonln prosperous times sulsst whiut speedy sales
their goods but in period If adverse circumstances
they must either close their operations or become bank
rupt. IL is not therefore the want Of high prices wic
Induces us 10 appeal 10 Congress; il merely that "
may have the use and privilege OF our markets 10
the sale OF our productions. We ASK this not to iniur
any portion OF our countrymcn. hi mere preference
for domestic establishments and labor over those
foreign capitalists and foreign paupcrs Its well know
that most OF the manufactures ol Europe the proper
~ OF large capitalists; and that they are worked b
operatives, who. for the part obtain for their l1ho
bare support; such one ia many instances AZ on
slaves could scarcely induced forced to sssi upo
or submit TO. The propretors can under such crcum
stances, Afford to await the result o ardy sales of the
goods here Tor, having the exclusive bene, their owl
markets. where they always sell enough Ia pay ord
nary expenses, their large and su sanal capitals vii
enable them 70 orbear for the sales which NAV he mad,
In the United States. independently OF other motives
they have the strongest Involvement To do So in order l.
destroy our youthful csabl shmons. and eicctualy
PROSTATE them as competitors Without materially re
ducing the prices the mere fact that they have arr
supply IN our market, dm,nshes. by dividing sales
and Their ability 10 allow longer credits than from on
limited means We are able to afford, gives them the mos
decided advantage over US. our own markets. |,
tins way, our manufacturing capital Is impaired larc
portion Of 1t. we fear, will be irroreyaby sunk our Ia
barring classes Impoverished, by inability 10 obtai
reward for their industry; and country is drained
ne specie, to pay debts contracted by merchants
f'reign manufacturers And this system Of policy is ad
vocate aud sustained by these who oudes, in thei
denuncnilons of foreign capital and foreign capitalists
who rpJhatethe idea Of employing either Of Them in on
rnuniy, for the most important purposes in our des
need: by those who declare themselves the firmes AM
rnOs, infiexible advocates Of orr complete exemption
from all dependence on foreign nations, and vet the,
would render us unable to supply infancy and old ag
With their necessary coihng. except from Europe; b,
those who claim to he the exclusive friends Of the poo
iaborer and yet they would drive him from the home
3s fbrcsathers and the occupation which he has beer
ssayednp They tell him 10 abandon these and brca
have lived. and go to the far West. in which lie MAJ