Holly Springs gazette., 1843-07-14
For the Holly Springs Gazette.
SOME THOUGHTS. ON MANUFAC-
TURES AT THE SOUTH.

IL IL (ouCEucQ ltfdk tic (OuAAl-} Dbh1tAAE >
from plethora caused BY the over production
of agricultural commodities. and in the pres
ent depressed state of prices 1t may be worthy
Of inquiry, if there is no remedy for this
great and all prevailing evil. So long as
the manufacturer can find a market for his
goods the planter may go On has way, re-
joicing. They are mutually dependent up
on each other, and while one prospers, the
other cannot fail to participate in his pros
perity. But when the market becomes
overstocked with goods the manufactures
ceases to become purchaser of raw pro-
ducts and they necessarily fall in price: Ii
under such circumstances, surplus Is pro-
duced, they will tall below the minimum
price of production. and the producer IS
driven TO some employment which will
Weld a profi,-that is, to something that
"will pay" The cotton planter, in such
state ofthings is perhaps in the least enviable
position ofany other cultivator of the soil, as
his capital is invested in land and slaves and
only adapted to that branch OF agriculture.
and when that becomes Improbable, he IS
unable 10 sell out. without loss aud injury 10
something else Go on he must, profit or
no profit, unless indeed, some new branch OF
industry presents, such as public improve
mcnts. mining or manufacturing, for the
employment of detached portions of his
slaves. The first would be but temporary
If anY public works were projected, aud as
there are no mines in this region 10 be
wrought, it may be worthy of inquiry, lfthe
condition ofsNorth Mississippi, does not
presen, favorable opening for the estab-
lishment of cotton and woolen manuiactu-
ries
Ist. In the consideration Of this subject,
we assume tha, there is already an overpro-
due:ion of cotton.
2d That a diminished supply would
enhance the price of the article and
Sd That The grower is not SO well paid
as the manufacturer. IF these are facts, It
only remains TO inquire if this portion Of
country is adapted TO mandatory pursuits
Without reference to the tariff, which
would no. in the least effect coarse and heavy
fabrics, we believe the cost Of trausporta-
ti0r to and from this country, as an adequate
protection for the manufacture ofsuch clothes
as are most generally used by theinha5itants
and that it is their true policy to manufac
ture such, at least TO the exten, o. their con- /
sumption.
1t will be readily conceded that so long
as the planter can obtain a remunerating
price for cotton and can be supplied with
goods as cheap as he can make them al
home, it is for his interest TO pursue that
stead OF dividing his labor between the |
growing of cotton and manufacturing cloth |
But if we have passed that period of rernn
nerating price, it becomes Us 10 cast about
and search out some employment that will
pay profit, and happily for US our free in
stNutions amply guarantee to each iadivld-
udt tHC pun sui Vi paANSS ~A'~A pr
dence in such line as he may prefer--to alter
or change as circumstances change and as
far as practicable 10 adapt himself TO every
emergency and if he hesitate to adventure,
where both reason points aud practical ex
perience has marked .the road 10 wealth,
he may well be suspected of waiting thai
degree of intelligence and enterprise which
every where stamps the anglo saxon descen.
dant
Previous to the late war with Great Brit
ain, manufactures had made bus little pro-
eress IN the u. States: During the brief
suspension of commeIcial intercourse with
that country numerous establishmentssprung
up in the middle and eastern States. especially
of cotton and wooden fAorics, which readily
sold at some 500 per cent above the present
rates and the capacity of the projectors was
stimulated by exorbitant profits, TO invest
their al in adventures which were doomed
to PROSTATE on the re.uFn of peace. The
influx of foreign goods Of superior quality
and greatly reduced price effpctnallv Lnack