The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-11-24

[Correspondence of thssHerald.

lCorrespondence oil thss1erald.I
PATERSON, N. ]. Nov. IS, l843.
Paterson as Manufacturing NHagc-hs Great
Watr Poper-Gin Po,cer- Whiskey Power-Pi-
ousPo,c9-and other Po,c1s.
JAMES G. BENNETT, Esq. =
DEAR Sri
A good deal has been written recently in relation
to the prosperity Of the manufacturing institutions
in the vicinity of Boston. | feel pleased to admit
that manufacturing business is very good there, and
indeed, that it has been good for the last twenty
years, that the stockholders of their incorporated
companies have received back in dividends, two,
three and even four times the amount of their capi-
tails within that time yet unequivocally assert,
that, for location, climate, water power, and all
otherprivileges conducive to the prosperity of man
ufacturng, there is no place-certainly none in
this country, that presents SO many Inducements
profitable investments of capital in the manufacture
ing of cotton and woolen goods, as Paterson the
water privileges are certainly unsurpassed, We have
a descent within few hundred yards of seventy
feet and upwards, the same water Is used three
times before it escapes into the nver below; in this
way the whole water the Passac river can be used
We now have from twenty to thirty large cotton
and woollen mills in full operation, with sufficient
water to drive more than twice the number, and
after the whole of the Passaic river shall in
this way become exhausted, portion OF the water
of the Morris Canal will, | think beyond all ques-
uon,De appropriated TO manufacturing purposes; Tor,
by reason, OF its great elevation above even the
water OF the river, the water drawn from il could
be used two or three times before emptying into the
river above the falls, and after that as often as the
water OF the river Is now used
The locality of Paterson should also entitle it to
the consideration of captaist-sstuated within fif-
teen miles of our great national emporium the sht-
tie village of half Million" will in time become
the greatest manufacturing place in the Union-the
Manchester of Amerlca--indeed we have natural
advantages which Manchester does not possess.
Manchester is twice the distance from Liverpool
that Paterson is from New York in short time
Paterson will have water communication to con-
meet it with New York. Manchester is not thus
connected with LIVERPOOL; Manchester has but very
little water power, and consequently almost the
whole of the motive power of her factories is gene
rated by steam. We now have population of
about nine thousand souls, where but few years
since the wild beasts of the forest held undisputed
sway and instead of the noise of the shut
tie, and the operatives spindle, nought was heard
but the roar of our waterfall, mingled with the bel
lowing of wild beasts and the chipping of birds.
Truly nature and art combined have done wonders
for this place; and if manufacturing has not been
as profitable here as at the east it is because there
has not been sufficiency of capital invested in the
business. If the capitalists ofNew York were more
like those of Boston, they would invest more of
their funds in manufacturing, and would realize 81
miar profits. Respectfully yours, NC,
PJJENIx