The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1845-09-12

by which he can bring himself to the con-
clusion that capitalist 10 South Carolina,
IN changing his investments from cotton
planting to cotton spinning, would thereby
be induced to abandon his free trade prln.
ciples Is there anything inherent IN this
business Of spinning and weaving cotton,
that should naturally prompt men TO avarl.
clous graspings after monopoly l. there
any common sense in the supposiiion that
men SO engaged will seek government pro-
lection from competition with the Euro.
pean manufacturer, while they are able 10
convert cotton into all the common cloths
of which il is made, for . ! 10 cts. per ID.
The IDEA is too preposteIous 10 be for a
moment entertained. Many of the Euro
pean splnnsrs pay, in addition TO first cost,
fully the latter sum, before il Is delivered
10 their hands-all the charges incident TO
the passage Of cotton from any Of our m
terror towns 10 the ware houses OF the sea-
ports Of England aCd France-now the
duty is of in England, may be fairly estl.
mated at ,. cents, and IN many instances
il paws an additional sum fully equal TO
this, before II reaches It's final destination.
10 looking to the proposed Change may
We with any propreiy apprehend embar'
rassment IN making our foreign exc hauges
with Great Britain and other countries
Certainly those who find il necessary to
purchase our cotton Will not be able with
any justice TO complain at our bestoNlng
on II be ore II leaves US all the labor which
its enhanced value will compensate. We
60 for doing all that can be done TO pro.
fit; If We can put our cotton INTO shape
that will render bag worth 90 TO $50
when 1t reaches Charleston, instead OF SO
as at present, We say il should be done and
risk the consequences. Ii those who are
purchasers OF our raw material are to have
the power, not only TO fix prices to our
great staple, but TO prescribe Just how
much labor we shall bestow on IT, we shall
indeed be in bad box. There is no duty
on Cotton Yarn in England, and there can
be no doubt on he subject Of her receiving
the coarser Yarns from US as freely as she
has heretofore done cur raw cotton, not
only for export, but Tor her own con>ump.
ton, and SO II would be with France. Ana
there is no good reason why We should noI
sci 10 a claim for a portion Of the forty
millions Of dollars worth of Yarn exported
yearly from Great Britain to the German
States. Neither Is there anything reason.
able in the superstition that We may become
splnners for the looms OF New England Il
We can sell them yarn cheaper than they
can purchase the raw cotton and spin II
themselves, Il will not take them long "a
find il out, when they will be found ready
customers IN exchanging their muslins
caieoes, fancy goods and Yankee notions
for il. Many entertain the idea that the
introduction Of manufactures vi natural.
~ create monopolies and restriction which
will cripple freedom of trade. 1t Is Ger
Tainly natural and just that every mar
should be allowed 10 sell and purchase
where and from whom he pleases, without
restriction, but this does m, al all clash
with the doctrine Of home manufactures
for when once established we will find i
desirable to trade at home, for the reasot
that our own tradesmen will be able L
serve US better, and cheaper than foreign
ers. As TO monopolies, Tins IS too enilgh
tened an age to hold them up as bug bears
Accumulation o! capital 10 one individual,
, hands, IS 10 some sort monopoly, and st
is q congregation Of capital made up from
several individuals. The congregation o
large amount II capital for any particu
lar purpose, may IN the same sense be
termed 4 monopoly, but we hold that in oul
State, for oil the purposes for which they
have been used, they have proven monop
oiIes for good and not for evil. To Illus
trate the effect which congregated capita
10 cotton manufacturing would produce on
the people and interests around u, we vii
take veriest set Of robbers and pluudcrers
as they are sometimes called among Us
The Massachusetts incorporated company
al Lowell, with capital Of $500 coo in
lands, houses and machinery, and $500.
600 IN mercantile capital. They own four
mills, all located in one yard, containing
about % 900 spindes and $50 looms they
manufacture about 10, 600 bales Of cotton
into cloth Of superior quality per an1um
with the labor Of S55 hands this cloth i
at the present time, 10 all the prlnclpa
! markets, from % 10 20 cents per ID
3 Now, let Us picture to ourselves slmia
establishment IN South Carolina. 1t i
|, said that among The individuals who's,
names are attached to subscription 70
raising the necessary capital TO put up
> factory in Charleston, there are four ndl
: sIduals who are collectively worth g.,
100000. Let US suppose, now, that thes
men form a company-a JOINT stock com
pany-with charter from The Legsln
ture, If sou viii 50 have il, with capita
of 81 900, 900. We will locate them at
. healthy point, near the line Of one Of GU
Rail Roads, where a waterfall on a never
: failing stream may be obtained. The,
: invest in lands, machinery, buildings, &c.
' $500, 900, and reserve $500, 900 for mer
canille purposes, which will be ample, a
the raw material IS so near al hand. The
would have to employ 1000 to | 200 bands
= ma rtIcutariv NJ first IN d1 u hat an NJ