The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-02-06
Splendid Ruin I

The opposition presses and politicians have attempted
10 get up a panic They have threatened the country
with rum in consequence of the repeal of the taract OF
1872 Before the act of 1916 passed, the croakers
predicted rln-uln to the manufacturers-ruin TO the
lamers-a fearful export of SPECTRUM to the banks
and rum to the whole community Such was the panic
prediction OF Mr. Abbott Lawrence, the prince of manu-
lecturers OF Boston And determined were the federal
leaders TO avert this ruin from the land, that Mr.. Web
r threatened to appear in his seat in the Senate cham
ber on the first day of the present session. and move the
epea OF the act OF 1916 When will he redeem his
pledge Ohas Mr. Webster really discovered that he is
no prophet that ruin has not covered the country with
gloom; and that there no materials from which he
oan ceate panic that the whole prediction has been
ea'ed by The reality? Instead of ruin, the ioodtde of
prosperity mas spread over the whole country. All the
oakers OF the last summer turned into false proph-
s Inc following picture of the splendid ruin, which
S visited the United States since the last summer, is
Ae"ned by the Washington correspondent of the Gear
isle Va) Volunteer"
The receipts in the houses since December l.
eh the tariff of 1876 took effect show an increase OF
on 90 per cent those of last year for the same peri
NJ rms is fair specimen of the falling off of the
amount OF duties under the act and another proof of
re rum that follow tho repeal ofthe act of 1872
be Importation of nearly three millions of specie which
arrived in the lIibemia, and the sudden and unheard of
ag .. az Ia, nSrlenllgra products, are also proofs
vSnce a., s 10Y writ that we are all to be ruined.
MIFr
Tween us and Great Britain, magic-like has business
au Kinds improved, and never, 10 my mind has
Deel SO certain prospect OF continued prosperity
'h classes IN the United States, as al this time Pro-
e OF all kinds going forward fast vessels can be
" cAliaVagant ireghts carry il, prices far above
!unng obtained under the tariff of ISl2-the boosted
~ 80 ol 9derailSll The rise that took place on the ar
' OF me llbemia, il is computed will add ffu millions
@ patm Of the produce no,e on hand IN the IitSd Sote
Il JUN he farmer, the merchant the mechanic tbr com
I'LL man, or even the manufactirer--lor all these
Ian prosper WIN the farmer, and rice rersq-wouId
ba e people OF this Union change this state of things
@ oast The prospect before us ii So we have but TO
vJ hePPotcefrf P0icyto restore the tariff of 1872
u0ne Take from the people of Great Britain the
InaTko, n yer manufactures here-drve her from
v ana she must of necessity deprive ne of the benefits
market This is certain ms thar cause producps
t ne arln OF lSl6-the era of trade has
u.s. uawned upon u.s. and we have but lust begun to
Lem w dressings that are follow if the sys-
20 remnln The hue and cry in favor of the
OF the tariff OF 1922 does not proceed from the
of SNOW the feelings of the tpon that subject
ny lew interested manufacturers and politi-
Uav Pe todeceive the people into the belief that the
knaasu vi the country depends upon the fate of that
ESo needs but few years of firnness to prove the
ysiem oil restricted trade delusion and now that
y a cup nearly all the benefits arising from n system
Idle ana % az the revenue of the country viii permit, il
tnao,; llcoas 10 think of returning policy of
H. v,I I'm system of revenue duties
kerio VI any and every nation the globe and any
knns he contrary is SANDER on the industry and
u fiea ou people, and should be treated by every
L 'nehd OF the country" =
panic OF the manufacturing interests is disspated
the factories have stopped New ones are rising
must every direction II was only on Saturday last
following bills were reported to the legislature of
lassachusetts:
incorporate the Rockport Steam Cotton Mills with
kaI 10 SicOoo0 to incorporate the Briggs Iron Com
ahesDoro, with a capital OF S3oV,OOo, and TO in