New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1846-04-16
270leo 81
Less charged off in 1874
against wear and tear,
and depreciation OF
machinery aud build
10000 90

Total. 100 1879 81
The balance to credit profit and loss on making up
the last account in May 1877, was se6 s3l A. which
was made the subject of extra dividend Of 10 per
cent July last leaving the balance 10 the credit OF
profit and loss at the present, time. $50 e3 A.. as re
serve fund.
IS. Quantity OF similar goods made in The United
States
The memorial OF citizens 81 Boston interested in the
cotton manufacture made Congress in 1872 contained
a table of the printing establishments IN the United
States showing the whole amour; of cotton printed al
that time 10 be l5s mons OF yards. OF which those
printed in Massachusetts were upwards OF Al millions OF
yards This quantity must have been since very con,
sderaby increased and s now IN the process OF fHu
increase.
90 Effect OF reduction OF duty TO l2i per cent!
Nothing but experience can show what would be the
consequence Of such reduction OF the Tariff The an
question llth shows that when he business Is
highly prosperous and profitable in England il is AT
present low ofduy would not materially interfere
with the manufacture here whilst during period OF
depression like that In ls42 goods would be poured IN
here great quantity and sod prices ruinousy low
The great advantage OF protective Tariff is 10 inspire
confidence against such The of hav
ing the home market is necessary 70 attract sufficient
capital into such business in order 10 supply the mar
Ike, al moderate prices under sufficient home compeii-
ton This has already been the during the years
OF lsi2 and '4S. The supply OF printed callcoes OF
home manufacture was gres,er than the demand
and large quantities sold sctUsl loss
the manufacturers The general OF perity
increased tic consumption during the last and
present year additional csps into the bust.
ness rapidly There is much OF fancy In the
tcle of printed cscoes that higher duty /, necessary
give this confidence 10 the manufacturers than II
ference 10 palmer and more staple commodity.
80. 81. Application OF the capital in case Of aban
doning this business
Il is difficult say. Probably any spare capital
would bs employed in Specializing upon TIE dis,resses
OF others
The effect of general break down Of uisnufscturius
establishments would be grea, reduction in the wages
of labor sufficient perhaps 10 enable some establish.
nents which survived The shock TO so on. doubs,ngy
and heitatingly.
81 VIVA, reduction ofduty would enable you TO
realize six per cent
No such calculation can be made-the operations OF
trade cannot be brought within mathematical formula
The tendency of domestic competition Is 70 bring down
all profits TO the established nterest-ssy per
cen,-es possible. When this point is nearly o.
quite reached, such reduction OF the Tariff would
bring in large portston OF foreign soods-cspec:ay
in articles Of fancy like printed cahcoesiusead Of
ducing profits ey small per cenisSe wouid involve ruin
Gus losses OF 20. % or perhaps of 50 per cent.
IS. Effect OF abolition OF ninimumsl
The abolition OF the cotton minimum would ssd 10
srea, frauds on the revenue. the csse il
fsctures of silks, under the old system Il would de-
soy the confidence Of manufacturers respects tie
lower branches Of The manufacture il printed goods
would prevent their extension into ;he higher branches
into which they constantly extending especially
Mousseliue de lain snG other mixtures Of cotton and
wool for the manufacture Of which several !.rsr -stAb-
lishmsuts sbou, going Into operation for The
sc,aA understanding OF the bearing Of this raAttrr
thorough examination would be necessary 10 tie good.
themselves by sctua comparison Of the goods made
and making with The goods now imported under The
stins Tariff The rpsal, will doubtless be conviction
TIA: both 70. and 70. prosecoa existing n;er
oss and tbs score CT general policy the minimum
shorld be preserved
20. Operation upon frauds on the revenue
multiplication OF them ten fold.
Il 10 20 be remarked thai this company has beeu eEu
neatly sacccssf l, Was :he drs; company formed for
the purpose OF printing OF caeoes IN The United sares
. a