New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1844-09-19
nh. prof,s Of Manufaeturc.

tore task we'll nign hcpecss, cel "" eAa'ii'
pies will show the ahsu,di,y of the tales with
which our opponents tax and test the public crc-
dulity.
The Mer!msc Company, Lowell, is the espe-
cial target OF Loco-Foco fabrication. The latest
story that ran the rounds OF their journals la'-
ported that this Company had divided t~snty
per cent. profits on three months business, anc
laid by large surplus to meet wear of machin-
cry, Sc. New the actual dividend OF this Com
pauy was Ten PEI cent. Oh seren months business
during which they made large sum b. tie rise
in price of the Cotton which they had bought last
yea. at very low prices. Il is just the case OF q
miller who has bought largely of Wheat at dol
/ Jar bushti, AUG hed it Ill it vas worth dollar
snd quarter. OF course, he would sell his fou'
2. q profit; bat what far man would assali IN
for the. This same Merrimac Company Eoa'
sell thci, fzbrcs at lover price than the average
during the years lS40-4l42, tip TO the time Of
the passage of the present Tariff. They are CO.
| ing well they did fairly under former ianh'i
they can live any how; they are paying better
| wages nov than in former years and employ Ing
! more peraons; cut down the Tariff, and they
must paw less and DO less; sometimes cnVe ons'-
4 nees and again hold up and discharge their WORK
men, when any casual gut or arrangement
abroad shall fill Our auction stores wl'h Brit
ish Cloths Il j. not the rich Manufacturing
! Companies which would generally De broken by
he destruction OF the Tariff for they can stop
,he;r aiills when there is no profit IN running
them but 10 the workmen this is more serious
business The s:opnsge Of their work is to the
thrifty calamity; to the needless and lmproyi-
dent, pauperisIn.
The Ma,teswan Company at fishkill, Dutch
ess Co. is another target of Loco Foco abuse and
| Misrepresentation. From week to week e1trava-
giant tales are told in the PIebeian and kindred
journals Of the ex,ravagant profits of this Compa-
ny, especially under the present Tarif.-Now we
propose searching test of the sincerity OF those
who tell these stories. A friend who owns
$4,000 of stock in this Company proposes to &C.
conmodate any Loco Foco who believes Manuiac-
turing SC profitable with that or any smaller
amount of the stock Of this Company at par, and
he will deduct all the diUidends made upon sueh
stock from 1871 inclusive. Any gentlemen wish
ing 10 share in the vast profits 80 fsbuously at
,riouted &c Manufacturing, may secure an excel
lent opportunity by addressing us line on the
subject
But here is the best side only Of Manufacur
ng-a business in which some make and others
lose, Just as in all others. There are Companies
which have made something in every three years
of the last twenty; we know others which have
been in operation twenty years, did as well as
they knew how, never made a dividend, and
have used up all their capital. We know manu-
featuring establishments which have been sold
out this season at one quarter OF their FIRST cost
II ia with them just as with Steamboat and
Transportation Companies, which, though en-
owing absolute immunity from Foreign competl-
non, yet make money or iosc It, according TO
management or fortune. Cloth would be made
in this country if there were no Tariff, though
to far less extent ghan now, and some would
make money by it; Others would lose, az at pre-.
sent. Tho vital question before the American
People is not whether this OF that man shall
make more or less money, but whether Aneri-
can workmen shall have the privilege Of doing
American work Is ii best for us People, q
Commonwealth, to make generally our own
Cloths and Wares y. is it not We maintain
thst il il best and ,t.t IL is the duty of the Go
ye;nment To secure that end. So thought and
SAID Washington, Jefferson, Madison; SO urged
both hc C!in.ong, Tompkius, and nearly all the
eminent men New-YoIk has produced. Who
ever maintains the contrary doo:rine-that We
ought TO buy any thing ne want of whoever will
supply !: G,s the least money, be he countryman
or ioreigncr-wii of course oppose the Pfotac
tive policy But let hin oppose !, honestly, man.
fully; no; with smile and g stab. II any man
really thinks that car Home Manufactures aFe
sold too high, or ;has their rroprie,ors are making
log much non1y, let him dip into the business
and help bring down prices and profits. There
are mills enough to be sold a, haftheir cost and
elenty Of room 10 build more. TIE Country IS
;ull of Capital, Labor and Skill, all ready to en-
bark in any business which gives promise of
fair ,ecompsnse Mr. Edwin Hunt, for instance,
whom the TanS appears TO trouble more than
any other man in the Country, thinks 1t very
lasd that he must psy six cents yard duty on
Mullins. He need no. pay it. 1t certainly can
not cost d cent yard mole TO make such Cloth
mere than in England; and he can command any
amour, of money. II the present Manufacturers
DO not make these gcods cheap enough. let him
make them himself; he is sure of perfectly fair
play. lie can hire the men WHO now make these
Cloths ia England 10 make them here Cor twenty
Der cent more than tney are now psid and this
will give them twice the comforts OF life they Can
now get. Our People can then pay for the Goth
they make, not rnurely IN Flour and Pork, at
ruiuou, deduction for transportation and for Bn-
fish taxes, but In thousand things that they can
produce more easily and acknowledgements
Fruits, Fresh Meats, &c. Why cannot our phi
lan,hropic British Free Traders be reconciled to
this course1 1t would be far better for our PEG.
ole and for the makers of their fabrics; and