The North-Carolina standard., 1845-04-30
,;rideud. of LoueN Cotkou Faeto1ies
SlO,5OO.OOO

In these ten companies, with capital of ten
and half millions, the dividends actually declar.
ed were on an average at a rate over IL per cent.
the lowest being per cent. and the highest go
per cent. How much of the clear profits were
reserved as a contingent fund, we are unable to
state but there is no doubt it would swell the ac-
tual nett profits to at least Is per cent.
But taking their actual dividends asthe measure
of their profits, and it is demonstrated that on a
cal pital Of ten and half millions Of dollars, the
lproprietors have pocketed one million and ta0O
hundred and eighty-one thousand dollars May
we not now ask the honest reader TO point toany
other investment of capital which employs labor
as its instrument of profit which yields such d.
vidcnds as these1 Does the mercantile business
yield such profits2 But most especially, what
say the farming community2
We have said that these high profits were an
exaction of :heavy tribute" from the labor of the
country Isthis remarktrue orisit erroneous2 To
our mind the proposition is clear that it cannot
be made palmer by argument. tits conceded that
it is the protective operation of the law which
enables the propretors to sell their goods price
which yield over IL per cent clear profits. Then
it is undeniable that but for the law they could not
sell at such prices-competitions from abroad
would necessarily cut downtheir prices, the con-
sumers of the goods are therefore compelled by
operation of the law 10 pay higher prices than they
tion oftribute by law from those who consume the
goods for the benefit Of those who make them
The many are taxed TO enrich the few
But how stands the case with the "many"-
the consumers of the goodsa Are their profits
such as to enable them to bear this ;tribute"
without oppression2 Let the laboring mechanic
and the toiling farmer appeal to his own business
and answer the question.
We have said that these dividends go !nto the
e L.. ,skol.s
lish this position we have The very best authority
for saying, that the organization ofthose concerns
Is peculiarly aristocratic, the shares of the COM
panies being one thousand dollars each, utterly
excluding any of the operatives from ever becom-
ing sharers in the profits of their own labor" No
man can become stockholder unless he can put
in one thousand dollars We are justified then
in saying that this immense profit of more than
million of dollars in 1914, went into the pockets
of few rich capitalists The number of persons
to whom employment is given as laborers by this
capital of $40, 100000, is nine thousand seven
hundred and seventeen, of whom ,430 are females
and 2237 males. Whilst these laborers receive
as wages, the females 90 per week and the males
81 8Oper week, barely enough for subsistence,
the proprietofs receive over a million Of dollars
in clear profits .r .. s.- -.s Il
What is it that enables these manufacturers to
derive over twelve per cent. on their capitaR
The answer IS obVlous-tne protection anoroeo
bv the Tariff act of 1S42-that law which shuts
out competition from abroad, and gives to them
the power of monopolizing the market at their
own prices - -
English Equestrian Troupe. The Ashburton
brought out from England fine stud of Circus
horses consigned to June, Titus, Angevine &
Co., and landed them all in safety on Saturday
last. Among the number are beautifully marked
Arabian, formerly the favorite steed of the late
Duerow, and four very curious and diminutive
English Ponies, selected from Batty's celebrated
subtitle famous "Rivers Family" came outin
the same ship, and are attached to this company.
The housings and entire paraphernalia were all
made in London, and are said to. be the richest
and most expensive ever seen in this country
The Company will perform short engagement
at the Bowery Amphaheaire commencing On
Monday next. Rockwell, the Yankee clown, re-
mains in London, where he has become great
favorite with the audience. NJ Y Courier.