Mississippi Democrat. (Carrollton, Miss.) 1844-18??, 1845-09-03

THE TARIFF MUST BE REDUC.

We have received letter from Boston,
10Th inst.,) which confirms The few state
ments which we made last week, respect
ing the immense profits of the manuiac-
turers. II informs us that the dividends
Of first class cotton factories, under Bos-
ton management, have ageraged full TWEEN
ty per centum the last year, and their
reservations of profits, as ageneral remark,
may be said to be from twelve 10 fifteen
per cent. more; beside keeping their stock
good, by cutting down the valuation of
mills and machinery in their trial balance
sheet. Their raw material has been at an
unusually low cost, and the recent improve
ments in machinery, with crowding their
(" help" to tending four looms instead of
three, and at the same trages as for three,
have altogether given them nett profit OF
over one -lhird upon their capital in twelve
months. From this, their 90 per cent. d.
vidends, reservations, and reductions of
valuation, have been made" Our cor
respondent gives us a paragraph copied
from highwhig paper into one of the same
ilk, which furnishes good text for COM
ment: 4s{
"IHe BEST DIVIDEND YET. The Newbury-
port Herald OF yesterday says, that the Essex
Steam-mill, in this town, yesterday made di-
vidend of az liz per cent, the earnings Of the
mill the past year.n- BosToN PoTs.
1.-THE reader will please 10 remember
that this paragraph is copied from the Bos-
ton Courier of only last Friday morning
whig paper. Forty-tuo and half per
cent! A very comfortable dividend, this y
Here are couple from democratic pa
lpers:
" The Great Fall Company CNew Hampshire)
make semi annual dividend Of 800 or ten
per cent. on the last emission price of stockn
(BosToN PosT, August S.
"The Amoskeag Manufacturing Water Power
and Land Company have declared semi-annna
dividend of I0por cent, and are Understood TO
have very large surplus or reserved fund in
hand beside. A New Hampshire journal states
the reserved fund to be $500, 000.--CoNcoap
(Mass-) FREEMAN, of August 4,
And now we ask the friends Of The 9TH
err interests Of the countryside farmer
(the great staple interest Of the land, the
merchant, the professional classes, the
ship-owners. &c what they think of the
justice and equality Of the protective sys-
tenn, as set forth in the act of 1912? Can
they longer silently acquiesce in lis pro-
visions? Here the farmer sees the manu-
facturer divide 30 per cent or more, and,
in one case, the enormous profit of 42a
per cent, whilst he himself must be con-
tent with 3 or A per cent. The manufac-
turer makes this immense profit out Of the
other classes. 1t is a tax which present
tariff enables him to lay upon the other
portions of the community, for his own
profit. And still, we are to be told by the
National Intelligencer, and the affiliated
wing presses, that il is all right; that the
protective system must be maintained IN
all its vigor and in all its beauty; that the
law of 1912 is, like the law of the Modes
and Persians, not to be changed; and that
The tariff mus: not be reduced.
We are not the enemies Of manufactures,
when they are established upon proper
principles, instead Of being forced in the
hol.bed of protection. We are satisfied
that many Of them would spring up Of
themselves, il lei alone; and that the in.
genuity Of our countrymen is SO great
springing naturally from thai boldn ess
of enterprise, which is fostered by the
freedom of our institutions, that It would
never cease to invent the most excellen
labor-saving machines; and these inven
tons have been made more freely under /
low than under a high tariff, for "neces
sity is the mother Of invention"
| The reason why we can make mos
woollen cloths, and many cotton stufs
cheaper per yard than the English manu-
facturer, is, because our machines arr
better than theirs--our carding machines
and our looms, in particular-besides oul
spinning machines, and even our sizing
processes. We heard singular anecdot,
in relation 10 the sizing process the othe
day. An American manufacturer was ii
England, where he became acquainted
with an English manufacturer, who is {
member Of Parliament. He visited III,
factory Of the latter, and suggested 10 Din
very simple machine for sizing, whicl
would have cost not more than $500 4
erect, and would supersede the expense Q
several hands. The Englishman took hi
drawings, and engaged the workmen I
+, make the machine; but, alter il was com
menced, he frankly confessed to The Anne
rican that he was afraid to finish il, lei
The hands which would be thrown 'out (
employment might burn down his manI
: factory.
> With the aid Of these superior labol
saving machines invented BY our country
, men, besides the cheapness Of the. RAJ
= material, we are now able 10 compete,
! many manufactures, with the foreign f
n brics. But the tariff gives our mayuia'
4 turers decided advantage, and throws q
Immense profit into their hands. Sha