Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1845-09-04
Tariff and Sub Treasury.

they canno. bear to see their neighbors
in prosperous circumstances. This
feeling is too rife every where. Ii is
mean and despicable, and should be
discountenanced wherever il is seen. :
But mean and despicable as i, is, loco
foco editors make their appeals to it and
through it continually. In their at
tempts to overthrow the Tariff, they
bring up as one Of their arguments
against it, the immense profits of the
manufacturers. The last Gazette. in
helping on this mode of attack had the
fol,owing:-
1.-The Essex Steam Mill. at Newbu-
ryporl Massachusetts, has made dlvi.
dend of forty too and half per cent.
the earnings Of the mill the past year."
The above may all be true, but it is
no. all the truth. The Newburyport
Herald, from which the statement was
first copied. explains the show" Of this
great dividend as folows:--
'sThe original stockholders in this
mill expended about 100000, and
after running the mill several years,
and receiving but 10 per cent. in divi
dends for the whole time, the company
failed. paying about fifty cents on dol
lar of the debts due by them, and max
ing total loss to stockholders. The
present company purchased for S24..
900. what had previously cost $780,
600, and made considerable improve
ment by adding to the building and
putting in more machinery; and thus
they have realized large profit, grow
ing on, of the suffering and loss of pre-
vious stockholders. With this state
ment of facts, the public will be able
to form correct judgment respecting
the profit of manufacturing.
The skirmshing in the Tariff war
has already commenced. We do not
know wha, par, Mr. Polk will take in
the ai'ray. As he was both for it and
against il during the late presidential!
campaign, perhaps he viii think il best
TO be neutral. But whatever part he
may take, his party have entered up
! their declaration of war against this
/ prosperity measure. They
are ben, upon destroying the Tariff and
! building upon lis ruins the Sub Trea-
sury. Then will come a great army
Of TaXgalhcrers-an exclusive metallic
currency-low wages TO correspond
with the payment Of European labor
rich men lordng ii over their serfs-
and general depreciation Of property
OF every kind. Loco focoism will ruin
the country ye,-if it can.
The loco focos possess one trait Of
character which would certainly be
very useful in a good cause. 1t is
perseverance. Ii is astonishing TO see
the pertinacity with which they cling
10 their favorite measures. The people
may defeat them ever so often; but
what care they for the people. If the
people can, be driven or coaxed into
the adoption Of given measure, these
loco foco leaders think they may be
"worried" into it. Hence their perse-
verance. Ii was so in our own Terri.
ra1 ,tinn n .hat prat,l., III nv
they called a Constitution, and j, is so
in their attempt to crowd the Sub
Treasury upon the people. They
know that it was defeated on its merits
when Mr. Van Buren, was up for Z
second term, for that was the main
issue-they know that it has never
been favorile measure with the people
blu, they think now that they have
an overwhelming majority in Congress
they can carry this odious measure
Perhaps they can, bn, we very mucl
doubt about the peoples endorsing
such enormous action without any in
structions from themselves. il is
measure that cannot be otherwise tina
unpo,. Mar with the people, and it onl
needs 10 be carried into practical opera
ton to be universally eXecrated by tn
masses. Bnt IS il is once fastened upo
the people it will he difficult TO shali
j, off. Il is one Of those measnel
which, if once adopted. will so con
petely revolutionize society anu remoV
all power from its legitimate ownership
as to make il almost impossible 10 brin
i, back again. AS we view the nper;
ton of the Sub Treasury Scheme.
will create pure aristocracy, i'll whlc
will be concentrated all the power an
patronage Of the government. 10
sure. government is now so constitute
az to amount TO this; but then, Wi
such an engine as the Sub Treasury
full operation, it would be much MOI
potent AMI tyranncal.
Mr. Tappan's speech in the Sena