The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-06-26

Total 6367o 42s 100 $50 6oi 1902 $40 100 no. SOL a57
The domestic demand for the manufactures Of Great
Britain, must be very great The consumption of cot.
ton manufactures by thrtyfve millions of people,
be sufficient to give employment to millions of spindles
The manufacturers of Great Britain have yet almost the
complete monopoly of this trade and continue to
enjoy years, notwithstanding the rapid increase in
the establishment of manufactures in this country
We have very extensive domestic demand satisfy
fore we export any quantity Our fabrics are more
calculated for home consumption than for expectation
With the exception of white ccttons, such called
domestcs we export very few articles Of cotton
facture We are rapidly building up markets for our
domestic manufactures every part Of the world and
must certainly the complete control Of the con-
sumption OF this article. Our commercial operations
in China have been cminently successful far cot
ton manufactures concerned at least Twiled cot
ton jeans for the United States have been advantageous
y placed in the Chinese markets, and commanded de-
cided preference British fabrics of similar make.
We must gradually progress in manufacturing, but long
before arrive at the age of this industry in Great Br
tain, We shall be far beyond the present position OF
that country in the business. As instance OF
the relative position ofthc two countries at this moment
we will merely mention the fact that cotton
featuring establishment in Manchester England has up
wards OF 10000 spindes in operation while all the
manufactures Of Lowell assac husetts have in opera
ton only 20l, 076 spindles The New England States
being peculiarly adapted to manufacturing operations
the capital employed in the manufacture of cotton goods
in that section is greater than nearly all other sections
the country put together Nearly one-hal Of the
teral consumed in the United States is consumed in the
Eastern States, and imported into Boston The consump
ton throughout the country has increased SO rapid
y il has in Massachusetts and Rhode Island This
evidence that the manufacturers of that section of the
country not sensiby affected by the revulsions in
tho money market, and the continual changes in the
tariff the smaller manufacturers in other parts Of
country, whose capital and resources limited
and who require in the beginning of their enterprise
protection 10 certain extent Our tariffs require mod
yernmen and reduce any surplus that may have accu
INFLATED during the period in which any great interest
required protection. tariff based upon the principles
on which tho compromise act was founded, with lon
ger time to run and q gradual reduction, would
suit the regularity of our institutions better than any
other policy that could be adopted This would give
local interest time to establish ITSELF and the features
being established every could govern himself ac
cordingly The increase in manufactures of cotton and
in the amount Of capital employed in this branch of bu
sness since $780, shows that the low average duty clos
ing the compromise act and the high tariff Of 1872 have
less influence the movements Of those engaged than
imagined by large portion Of the public. Since 1889
the currency of the country has been very uniform and
the value of money very regular. To this can in
great attribute the steady improvement obscrv
ed in this department
EApf Iva Ann mr. MANI