The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-03-22
Agents for the Union.
A Counters Punic.''

We do moi despair of hearing it yet charged against
the administration that ii has ruined the manufacturers OF
the country by the eroesre protection conferred upon
them by the tariff of 1916 We have from time to time
laid before our readers abundant evidence OF the hope
m activity and enterprise prevailing in the manufacturing
interests under the existing law The following article
from the Evening Post furnishes us with an addition
al illustration of this state of things We trust that
ractcal men will be on their guard in time against the
excessive speculation in manufacturing establishments
referred to by the Post and that any counter pane which
NAV arise in this respect may prove groundess as the
aempted federal panic" which was TO have entered up
on its repea. duty the first day of the last session of
Congress, but which has since been so sgnaly and so
Iudicrously exploded:
TIRE SILENCE BRoKEs.--The other day. we remarked upon
the profound silence maintained by the wing politicians on
,he subject of the revenue law. One OF them it APP
e a, his I Political breren have been gully Of an aemPt
get up false alarm This person Is Nj Philip kp'ey G
testimony in the following tems'
'Nr Ripley has a large capital invested at Windsor
Lockspmbaby something like one hundred thousand dol
lars. Mr.. Ripley is whig but at the canal meeting at
Windsor he felt bound to speak the truth The object of
the meeting was to increase the facilities OF manufacturing
and he told the people that they could go on and secure the
great object without fear OF injury from the arif-that the
present aria would not iniure the business and the
about injury from the tariff was not worthy Reconsideration
50 much for the tariff OF lSl6"
Probably, however, Mr.. Ripley is more man of bust
ness than politician, and has idea of attempting
disguise the truth, when, by admitting it, he help for
wafd profitable enterprise Meanne the wing Journals
preserve obstinate tacitunty this interesting topic
What fear is, that the manufacturers will become
much in love with the present tariff and will be led by the
prospect of its advantages, to adventure too deeply they
proceed in he in which they have begun-f they
go to build new manufacturing towns, and form new
corporations and up factories by the dozent is clear
thai the when they will find that they
invested capital in these pursuits than will prove
profitable We almost wish, for their sake that the rates
on the new tariff had been fixed little lower suspect
that still more moderate tariff would have been whole
somer for their interests.
The present activity very WELL but where is it to stop
That the tariff holds out great advantages to the mill
owners very but 1t is possible that may build
too many mills We counsel those who about
gage in manufactures, make some estimate OF the mum
Der of mills which would supply the whole demand for
American fabrics, and consider whether in of
sudden glu OF the market with American goods, and de-
cline orprces, they could afford let their esabshme
till their weaker competitors have withdrawn from
the business.
Whenever the reaction arrives, thing is certain
namely that be ascribed to low duties 1t will
be simply the effect of the high which the duties
imported goods allowed staad-a rate high to
encourage nordinae speculation.