Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1846-11-19


IONS are by unreasonable minds. Never.
,heless, every body knows that, in the
United States, where capital finds encour'
agement by protection. there labor finds
employment. and reward.
vi. The greater the profit Of Capital.
so much greater and more secure Is
the profit Of Labor.
This, too. applies TO the state of things
in the United States, and is equally true.
and for the same reasons true, as axiom
No. s. Politicians, demagogues have,
for The last quarter of a century or less
set up a hue and cry in the country
against the profits Of capital. under the
name of n,onopolies; and they who have
Joined in the chase were not aware they
were hunting down labor. 1t was by
The dishonest application Of naisnonser
to class of facts that this fatal POLITICAL
row was excited. Every body knows,
when told. that monopoly is an exclu-
sive privilege; such. for example as the
New Jersey railroad, or any other corpo.
rate body with exclusive rights. which.
under the laws enacting ii. will not al
low Of competition. But it is well known
that there is not manufacturing or me.
chanic art in the country. excep. in patent
rights, that is an exclusive privilege; and
patents, which have never been subjects
of complaint. only apply to the instru-
ments of art and not to ar. itself. All
the arts manufacturing and other) are
open to all. Not one of them is exclu-
sive; not one of them is patented or char
tered. If any specific application of cap
ital Tin manufacturing or other arts is
making large profits at any given time,
there are two results from the facts-one.
tina, labor is employed as well as paid;
and the other. that more capital rushes in
to the business, employs more labor. and
reduces the profits of the capital, while it
does not reduce those of labor. 1t extends
The field and augmen,s the benefits of labor
by increasing demand for it. Wherever
there are good profits of capital, labor
never wants employment; and good pro-
fits of capital always invite larger invest
men,s where they are realized. to reduce
SuCI DTOutS dUu dug iHCilt hbSh'
and profits of labor by increased demand.
Good profits of capital, vested in the man
ufac,uring and other arts. is an evidence
of prosperity, and nothing is benefited
more than labor by such state OF things
No matter how large the profits, the more
the better. Capital will Immediately rush
where profits are great, and reduce them.
The chief benefit always accrues TO labor
in such cases, because it is certain TO ex
tend its field and increase the demand for
it. The consumers Of the products are
also benefited, because it angments sup.
ply relative to demand, and cheapens
prices.
All this hue and cry. therefore, about
monopoly,i in application to pursuits which
are open to all. is the uick of demagoues,
Every intelligent honest man knows thai
there is no foundation for it, nor word
of truth in it-knows that the counter-pro
position is the only trne one. in appllca-
| ton TO the facts, viz: that it all works fol
the benefit Of labor, and not against it,
| That i, does not work for the benefit o.
CAPITALISTS, and Of Other interests, is no
pretended. The greater benefit of labor
is dependant on this common benefit tt
all The other interests Of the country.
is COMMON WEALTH, common prosper'-
tn; and in this great aggregate there Is M
interest that derives so great proportion
ale benefit in the United States. in pros
porous times, as that of labor; and it i
the prof, of capital that makes prosper
Gus times. The greater its profits. 81
much greater its prosperity. If capita
gets ten per cent, labor, as before seen.l
frugal, realizes fifty per cent on itself a
capital.
The word monopoly" has been pu
in the mouths of people who don't under
stand its meaning. They think of no
thing but those rich men, and are laugh
to envy them; ten to one of whom bega
life poor, and. by hard work. virtue. fru
gality. tact. and enterprise, have becom
rich as the re,card of their o'on labo'
and now they are no. only able, but vii
ing, to employ labor, and to help other
along in the same path. 10 the same EN-
nence. The wheel of fortune, in such
state of society, is forever rolling ROUND
and they who are at the bottom now woul
soon be at the top, if mischievous pei
sons did not put their hands on the whe'
and stop it. They point the finger
those at the top, and stop it with the CT
of ''monopolyr-and then those at tn
bottom are sure TO stay there. The mr.
men, free trade comes. the wheel turn
round no more. II is impossible. Thes
demagogues are like the dog in the mar
ger, which. not being able TO eat hay, wi
not let the laborng OK have any.
|. might be well. if these sagacious Of
servers, who see men getting rich by the
frueality and enterprise. and making oil
I ers rich all around them by crea.in
. chances. could see little further, an
) de.crv The effect abroad Of breaking dow
/ home manufactures and home labor, an
: of putting obstacles in their path. Thes
princely fortunes, as they call them, al
2 chiefly made by working men, VINO h'
2 gan life poor. and worked their way Vi
4 and all this wealth is in the country, gi
= ine employment 10 labor, that others. b.
ginning in the same way, may rise in Il
, same way. But stop this progress; ARE