The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-10-14
From the chamber.burs (na-) sentinel
THE NEW TARIFF.

Whatever injury may be inflicted on some
branches Of industry by the prospective change OF
duties, il is a matter Of rejoicing 10 all but morbid
politicians that the manufacturers OF woolen goods
have entirely recovered from their late panic
Within a week every fleece has been bought up IN
this market for actual use, and the hner sorts OF
wool are advancing in value.
Samuel Lawrence the celebrated manufacturer
Of Lowell, informs us that he has used one million
of pounds Of wool this year. that he Is Just starting
another mill, that will consume 7OO,OOO IDS more
and since the passage Of the new tariff he is laying
the foundation Of new mill, on an enlarged
SCALE which will use up two millions OF POUNDS
more annually.
Here we have the evidence Of person of ac-
knowledgld Judgment, which must set at rest oil
fears for the safety and the rapid increase OF al eas
one important branch Of industry, that was given
up 10 ruin by the panic makers. The cotton fscto-
ries are confessed by all TO BE- out OF danger. The
iron men Of this State not al all alarmed, whue
anything like present prices rule IN England. Every
day is adding TO the list OF manufacturers, who, on
calm reflection, proclaim their late fears entirely
groundless.
The coal panic, too is blowing over. "Stop my
eoan has changed INTO "why don't you push for
ward my eoaRn Meantime the agricultural interest
is improving. Flour, grain, ashes, meats-al are
getting sp Money 100, under the new prospects,
has become plenty, add our backs hnd themselves
in a condition Of perfect security.
The VALLEY FURHAcE.-My attention mas been
directed 10 statement in Schuylklll county paper,
implying that the Schuyki Valley furnace has
been blow out in consequences Of the passage OF the
SrSis i an srror.-S.ong before that bill passed,
the works stopped or other causes that operate ire
spectiyey Of tariffs. have before letter from
one Of the essees Of that furnace, stating this fact
and showing that with the aid Of the necessary
means, iron can be made al their works TO pay a
handsome remuneration at present prices"
PhiIadslphia Lsdgu.
The dirge Of the wing panie-maken, over the fan
cied ruin OF the manufacturing interest has not yet
subsidized. That portion Of the party, at least, who
are converting the tariff into a grand political bug
bear still beseige our ears with their dolefu lamen-
Iations. Facts are, by them, kept out OF sight
entirely or are presented in such garb, as impars
To them anything bat their genuine appearance.
They have happy way of Kidding themselves OF
such truths, as the above, by giving them the lie,
| fatty, without grain Of allowance on account OF
the authority from which they come. This, howeV-
or, is their stereotype can't we can expect nothing
better from them. Tie new tariff, Il seems, instead
of crushing every manufacturing establishment IN
the country, is giving a fresh impetus TO many
branches OF trade, by removing protection wholly
unnecessary, and scarcely sought any longer by the
manufacturers themselves. The welnformed por-
ton ofthem seem % have been expecting redue-
ton Of duties, and fully prepared for IT, They
know, and proud Of It, as they should be,
that with their proyerbal ingenuity and skill, they
can successfully compete with the fabrics Of Europe
| in spite Of pauper labor, without the extrdyagant
protection they enjoy under the present tariff.