Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1845-02-20
AMERICAN MANUFACTuRrs

ofthe duty on Cotton. The Mayor presided ans
the principal speech was made by MIR. X. III
! Greg, late NJ. =. from Manchester. After speak
ing Of the amount of the tax, amounting 10 Coco,
ooO a year on the consumption of the country
and OF other circumstances which made its re.
mission exceedingly desirable, he directed spe.
cial attention 10 Tie nature and extent of tie com
petition, TO (Which Eng6h manufactures ,oere or
posed from the United States, which they had 10
lear, lar more extensively and Immediately than
from any other quarter. Ills remarks on thi :
subject were entirely too long for us TO copy this
morning-.but their interest and importance lead
us to present an abstract Of his statements The
United States, he said, had every advantage in
having tile raw material on the spot, and i'm inv
ing to pay no duty, and the of freight and IN
surance of cotton to Boston and other ports Of the
Atlantic was jus, hcT of what il cost to bring i;
10 Liverpool. The entire advantage enjoyed by
tuc American manufacturer in the matter of
ireights, insurance and duty amounted to 1874 per
cent. on cotton AT ID pound. In the minute,
and he believed, perfectly accurate statement oil
the Glasgow memorial, il was put much higher,
on cotton at Sd. pound showing an advantage
oil 25 per cent, and on the other which cost 27-Sd.
per lib. not less than sc per cent. to the American
manufactures over the English manufacturer who
had to compete with HIM. This advantage "a
mounted, In round figures, to about Sd. per Id.
on the average OF cotton; and adding 10 that the
great advantages which the Americans possessed
IA NVii hiO'ibS Po"tI, water pOWCI DCtuR
unlimited, and costing % per cent. only of what
British steamer power costs, and little further
advantage which they had in their flour for their
sizing, il amounted, he said, to a clear advantage
OF Id. per lb on the cotton consumed, or l o. per
cent. on the bulk of the coarse goods, and Is per
cent. on coarse yarns.
After these estimates Mr.. Greg proceeded TO
say:
With these immense advantages, could any
one wonder at the rapid increase of American
manufactures, or that they should supply all their
own consumption! for we must not suppose that
English goods had been excluded from the Amer
lean market by their high tariff, for goods
had been long, long excluded, by the Ue,y lo,o
price al ,Ohich they ,oere produced y the americans
Themselves. In 1923 the entire manufactures of
America amounted only to l,763 packages (the
valuation was not given;) in 1927 to 2,494 pack
ages; in 1880 to $500; i'm 1888 10 l2,207. Sub
sequently The value of the manufactured produce
was given in dollars. In 1884 it amounted to
S3,0S5, 900, considerable increase over the pre-
ceding year; in 1885 to 80, S56,OO0; in 1888 to
$3,75S, 900; in 1889 to S2,975,O0O; in 1910 TO
$3,549, 900; in l84l TO SO, 1879, 900; in 1912 TO
Sd ,50O,0 900; and for 1913 the estimate in Messrs.
Jones, Gibson g. Ord's circular was between So
100000 and $7,O00,000. 1t was also known
that, in 1943, one haT Of the exports TO China had
consisted Of american d0mesics-that is TO say, the
export to China ofAmerican domestics was equal
to one half the entire shipments from Europe and
America. (Hear.) In the circular he had Just
referred to, Of the date of September, 1913, under
the head Of "domesiics," it was observed, "This
article is nterfercd and successfully competed
with in all foreign markets by the American man.
ufactures, and WILL we have reason TO believe
ere long be entirely superseded by them.' Such
were their prospects In the opinion of one of the
most intelligent houses in this town, who had
very extensive connexions in every part OF the
world. But TO establish more completely this
very important point, whether they were or were
not TO be beaten by their rivals in America he
would read some extracts from letters from the
Indian and South American markets.
From Buenos Ayres, Messrs. John Anderson
& Co. wrote in March, S44,-"Havng had es-
adjustments the River Plate, both at Monte
vldeo and Buenos Ayres, for the sale of British
manufactures for the last 25 years, we have had
opportunities of knowing that there were large
imports into these markets of cotton goods manu-
featured in the United States and, if such COM
petition shall continue it has done for the last
few years, ii WiH almost compel us to decline re-
ceiring consignmenfs Of goods made in This country,
particularly Of coarse dOmestics."
Then, the opposite side of America, from
Valparaiso and Lima, Messrs. Gambling, Broth
ers u 20. reported, that the competition Of the A
merican manufactures on the west coast of South
America was increasing, and would become more
active as the skill of the American weavers in
entirely drawn all its supplies of yarn from Great
Britain, large quantities, of these goods wefe
sent from the United States. There was also a
very important evidence on this point from the
house OF Graham 81 Co. of Glasgow, who had
dealt In these articles III almost every part OF the
known world, and who stated that they had been
obliged to abridge their consgnnents TO all these
markets, compared with what they had sent in
former years. The accounts from Manila, Chi
ma, the West Indies and Canada, were all to the
same tenor, describing the american goods as uni
formiy gaining ground in The markets. Two days
ago he had received letter. not addressed TO
him, but written by leading American manu-
fac'urer, dated the 18th of November, 1914, which
contained some important information as to the
probable result Of American competition. 1t APP
peared that large extensions Of their manufacture
ing system were contemplated, and that they
were now about 30 enter into the production of
twist, an article TO which they had scarcely as
yet turned their attention.
These statements certainly Of the highest
interest and importance and furnish stronger evil
dence of the growing strength OF the American
Manufacturing System, than any statistics we
have before met. The Times on the same
grounds, urges the remission Of the Cotton duty.
The great object OF the South In opposing the
policy OF Protection has always been TO secure
the admission Of Cotton in England free of duty
II would be singular If the Protective poicy Itself
sh oufd secure hot result, and yet it seems likely
10 do so.
The last accounts from England state that
Messrs. Oakley and Leavitt had succeeded in
procuring from European capitalists, the holders
OF Illinois State bonds, subscription sufficient
10 enable that State 10 finish her great Canal, up.
on the completion Of which the State expects 10
be enabled, from IFS revenue, TO meet her engage
Inents and the holders of her bonds fot payment
Of their interest. This subscription, however, is
made npnn condition lhai the Lenslatnre Of lii