Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-05-09

several BRUSH capitalists hive ardveI "a this
CITY, with the intention Of reviving the Bank Of the
United States and. &c successful ia their ell Tts the
probability Is that this institution will resume nus
mess on or before the 18th OF May"-PhiLadelphia
paper.
Whether the above is mere rumor. or whether it
Is one Of The many paragraphs put forth by the adj
Vocates OF iavourie measure or speculation, os a
KIND OF a iecler lur public sentiment, we know not
taking 1t Cor granted, however. or that Ihero 10 al
least srne foundation for tho assertion, we are led
10 the ioiowmg reflections.
l. The great amount of unemployed capital in
England At the present time. and the large amonn,
oiAmercan securities held in London aud in other
parts OF Europe, doubtless, the leading induce.
ments for such step The part Of these capitalists
Tue highest rate Of interest in London seldom eI-
eeeds per cent. per snnum. more requeHtly but
10 q. and from the proceeds of capital thus in.
vested, a duty To government under the lately i'm
posed income tar, has To- be paid. reducing the ac-
tual proceeds to about or 81 per cesL as the mar.
mum; whereas. in The United States. the general
legal rate oi interest is per cent ard oCienlin,es
upon good security Chat Of mrr'yaso on real estaie
higher rate is easily obtained
2. The above facts taken ia cInnecon with The
confidence gaining ground ahrOId, that the United
States has within herself all tho resources aaina.
bile for the payment, and that States, computations
and individuals will pay. al TO very distant day,
only the interest but the principal of all indebt
edness, sufficient ind ucemen Is for such meas
ure.
8. AnOIher inducemeni, and not the loas ST. is ba.
sed upon the every day apparent fact, that with the
present protective L irH tho manufacturers of Thu
country can ProfiublY compete with those of Man.
chester. Birmingham. Sheffield, &c; and il has
heen already stated by several sci euIIic aud prac
Iical English manufacturers that they could "wrIh
great advantage lake their means and resources &c
The United States. (LIwell for nsiance.) and there
manufacture British goots" MassachuseIIs with
er nuslIns, cotIons and broadcUIhs Penrsy viz anin
with her hcun1lIves. steam engines, DC and other
States " iih their chief commodities might be emu.
meraied' have already succeeded in eumpeun g with
England IN manufacturing for and supplying dis
tant markets, including Engllnd herself Indeed
il is slated in The New England papers that orders
have been received direct from England for large
quantities OF muslIEs and cloths he shipped 10 The
West Indies aud other British pous Tins is no
mere speculaIIon IL is business we eau continual.
y and regularly ENJOY; tho elements Of success are
with Tie; The people have The enterprise aud intel
lgence 10 carry It and The staple aud mineral.
are all within our own borders. all thai The cop.
IIalIsis require is some kind Of guarantee that thus
protection will be eUnIinued-s protection that will
insure the mechanic fair remuneration for his
daily labour. whilst IL will insure q certa in interest
Tins assurance,-sho has the constitutional right ~
do so-ahd hreign well as domestic capitalists
will be induced to embark not only in reyiving
Banks and supporting banking institutions, but to
invest their overg rown fortunes in manufacturing
and mechanical interests such guarantee will In.
duce mechanic capitalists the operative men, 10
bring their wealth among US. aud thus give EN-
Ploymcnt To all now here. anu all those who nav
hereafter seek an asylum, where they can labour in
Country Of freedom and plenty. The benefits
flowing from judicious protective tariff are incaI
culabie. not only will they be realized by the pre
sent generaiisn but by millions yet unborn. The
population Of Grea Britain in many DISTRICT. !, bud
died together with but scarcely the me nm, or ,nh.
'i'enee' while IN this country rhero are millions Of
acres OF the finest soil uncu Iiyaisd, nay, untrod
by civilized man. The resources of this conn.
Try are just beginning to deyelope lhem.slyes.
whilst those Of England are exhausted, or are onIv
to be found in foreign distant climes, mostly de.
strucuye TO The hcaIh Of Ihose who are 80 unC,ru.
nate az to be "ssnI out"