The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-08-12
THE GROUND FOR PANIC ABRIDGED
NO RUIN AFTER ALI


IL is here frankly confessed, that goods of the
specified description can be made in this country
nearly as cheap in Rngland and that the differ
enee is not occasioned by higher wages being paid
but by the use Of the superior rno material Il
gives us real pleasure TO discover from the confess
sion OF the manufacturers themselves, that the new
tariff is not so injurious to them as the pan
e-makers are willing to represent that in
truth, some of those who have been Impress
ed with aPprehensions of its result, are 60 use
common phrase) 'more scared than hurt" We
hope the "tarif panie' will soon pass away with
all its humbug predecessors. Well do we recolleet
the panic which was attempted to be got up mme-
diately after Mr. Folks election. When Mr.. JEFF
ferson was elected, panic was attempted, to pro-
duce the impression that religion in Danger the
churches were to be shut up, and the Bibles to be
burnt under his evil star. In like manner, when
Mr., Clay was defeated and Mr. Polk elected, the
country was again to be ruined all the factories
were to be shut up;eyery species of industry was to
be paralEed; and, by way of mending the matter, a
proposition was made by the wing organ in Rich.
mond, that wing customers and consumers were To
deal with wing merchants and mechanics only,
to the exclusion Of the triumphant democrats! The
country, however, has since been going on pretty
quietly and prosperousy until lately when new
panic was to be gotten up the Of the new IA
riff bill, and when Mr. Webster, forgetting all the
past boldly asserted that the nation was srprised
by change, though il had been long contemplate
ed and seriously promised, in the revenue system
We are now happy TO find that in some quar-
ters, at least, this new panic is fast Disappearing
and that the manufacturers, TO whom we desire all
proper and legitimate success able to stand the
test, and even thrive under the innovation.
From the NswburypOrt Herald (whig)
"THE NEW MILLs.-The stockholders Of the Globe
and Ocean Mills meet tomorrow, to take measures
for the increase Of their capital stock to put
the mills into immediate operation. These mills have
now received and set up nearly all their machinery,
and IN a few weeks will be prepared for the manu-
faeture Of cloth. The size OF the mills having been
made larger than originally designed--in con.
sequence Of this fact and the necessity, at the pres
ent time, Of providing some working capital, be-
sides that invested in buildings and machinery, an
increase Of capital is requisite. ..'
I'VE have made some inquiry as to the COMPETE
ton which these mills will encounter from the Eng
lish manufacturers under the tariff and find that
the goods they will manufacture cost within small
noSpou, as mucu EnsfdIu as my 90 nrIc. ne
English manufacturers work into their goods por-.
ton OF East India cotton, which costs only half
as much as American cotton, and, by this means,
sometimes u-dersell us in such fabrics. Bot the
quality Of the CLOTH in these cases, is Inferior
that even the Chinese and Brazilans prefer to pay
the enhanced price Of American goods, except when
they deceived by the imitation of American
goods. which some Of the Englshmen adopt.
with fairiy-evied IS per cent duty, we believe
these mills will do better business than the nayiga-
ton interest generally, especially the domestic
competition will probably be much lessened for sew.
latest improvements, and intelligent and expert
enced agents have been appointed to suPerintend
the manufacture.
at may confidently be affirmed that under good
management these mills cannot be FRUSTRATED unless
all the great agricultural, manufacturing, and me-
chanical interests Of the country are first ruined
that the people cannot afford to purchase their
goods and even then they may be saved, for should
hat time arrive, the price Of labor will he
low, thstthe loom and the spindle here can compete
with England In the supply Of the numerous Ma
tons with whom cotton cloths are rapidly becoming
more and moro in use"
In .connexion with these revelations in Massn-
chusetts, and by way of showing how the panic
system is going on, we subjoin the subseqent ex-
tsactss
From the Fennsy lranisn.
notwithstanding the passage Of the new tariff
bill, we as yet perceive evidences Of the ruin
or starvation presaged by our dolorous cotempo.
raries of the wing press. The busy hum of trade
ia heard in our streets, was wont. The clatter
Of drays--a disagreeable sound, to he sure--st
strikes upon the tympanum Of the ear; and we have
observed, as we passed along our most business
thoroughfares, piles of boxes and bales, filed with
goods, and labelled for their various destinations
although this is time Of the year when trade al
ways lags. From the interior we hear that vegoa-
ton progresses usual and that the omiabe house
wife is fecitating herself upon the prospect of a
good crop Of apples wherewith to lay in an ample
stock Of apple butter for the winter. The well.
filed granaries Of the thrifty farmer laugh the aw.
full representations of coming starvation and
| comfort and plenty smile every hand 1t is
well for the country that the images Of gaunt fam
inc, and want, and wretchedness are ideal and ex-
list only in the crazed imaginations of overh
partsans, and in the lachrymose tropes and figures
with which the elaborate articles of wing prints are
Just now embellshed.
From the Eastern Argus.
1.-THE OLD CRY OF RUIN
'"The federaliss were never more aptly named than
when they were called the rule or ruin party.
Greedy of power and thirsting for privilege, they
impatient of control as though they posses
sed by direct inspiration, the right divine Of
kings to govern wrong, Their own aggrandlze-
ment is connected in their minds closely With
what they call the good of the country, that upon
the heels of their own overthrow they are sure to
predict the overthrow Of the republic. Ridiculous
in their arrogant sef-suficiency they claim, by
their conduct, if not by their language, a sort Of
monopoly of all statesmanship, and consequently
an exclusive right to make laws and hold Office.
The people, in their belief born to be ruled; and
they, the Lords anointcd, booted and spurred by
the grace of God are born to rule them. To OPP
pose them, is to smite the country. To support re-
publican rulers, is to join hands with demagogues
.,lt Ia.k
Of the nation
"Such is the political belief which federalism sl-
ways announces by it's acts, and sometimes by its
,Dords. Is the country insued and abused by a
foreign power the government cannot be kicked
into war; Is war declared in vindication of our
national honor lit is an unholy war; James Mad
son declared it, let James Madison carry it on Ia
Gen. Jackson candidate for President "a militia
ry hero will subvert our liberties. Is Gen. Harrison
a candidate 1.-THE country can only be saved by his
/ =.