Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-10-27
MORE "RUIN."

The Baltimore American (Whig) quotes the
following paragraph from the Boston Courier
(Whig,) 10 exhibit the "happy results" Of the
'sound judgment unliring industry and thorough
economy" with which New England corpora
tons, generally speaking are managed. The
new Tariff has not, then, swept like sirocco
over the aindustry" OF New England:
nAll the Railroads leading from this city con-
Time 10 exhibit large returns, which indicate oe-
raj dividends in January next. The FACTORIES,
ocncralv. are ftliv employed and point 10 sinll-
Ior res,X for their stockholders. Some OF our Ma
zine INSURANCE companies have suffered severely,
blu, the losses have principally been PAID from
reserved funds, leaving The capitals entire. Inc
Banks will hardly be able to make SO good dlyi-
dends in April, as they did in October, as me de-
mand for money and the rate OIL lnteres' WIZ pro-
badly be less in the ensuing than II mas oee'i 10
The nast .ix months. These institutions, how.
ever are generally considered Ia be in sound
condition and very litle stock OF the twenty mil.
lions bank capital in this city is offered in the mar
ket"
The New York Correspondent oil The Charles
Ion News gives the following picture OF the ruin"
which hangs over the great commercial metropo-
lis of The New World.
"a new steamer, the New Orleans, tor The
New Orleans and Galveston trade, IS to be
launched next Tuesday She is nine hundred
tons burIhen The Robert Peel, new pacKe,
shin. for Grnnell, Minturn q Co.'S LlVefPooi
line. is also coming out shortly. Never were our
dock yards more active; never was our couin'ei'
cial prosperity al higher pitch. Fun lrelsh's
Onr present trade is equalizing exports TOO.
Wheat and pork from the North, cotton from The
Sonlh and corn from every quarter What can
impede The growth OF a counlryso rich IN staples,
some of which she monopolizes, and with which
she is destined TO supply The worldf"
We take occasion 10 say, that distinguished
iron manufacturer in South Carolina was in Rich
mond a lew days since and visited our mammolh
four.milIs, iron and other factories, with which
he was highly gralihed. Though engaged IN Inc
manufacture of iron, he is warm advocate Oh
Tariff for revenue only, and asks no more pro
,ec,ion" from the Government II iron can be
nro6laby manufactured in South Carolina I'M
der the new duties, surely our manufacturers mere
with the superior advantages OF iron anu coal,
have no right 10 complain.
While al the North, some of The hish lar'ii pro-
rectionists referring TO the manufacturing enter
nrise in The Palmetto Stale, expressed The hope,
that there would be change OF sentiment in that
State upon the tariff. The gentleman referred 10
above replied with prompness and Characters
tic force, that The reverse was tfue-'ha' lhe
South Carolina manufacturers, could gel along
honestly and without Stealing" and had not Inc
conscience nor did they find il necessary TO call
upon Government for its unjust tavors. We
doubt not that lime will verify these opinions and
that the manufacturing interest will continue to
flourish under the liberal system OF The new tariff
We do moi entertain so poor an opinion olthe skill,
Judgment and industry Of The American people,
a, 10 believe that they require the pamperins aid
Of partial legislation.