The daily union. [volume] (Washington [D.C.]) 1845-1857, 1847-07-15
From the Newark IN. J) Eagle.

The following is extract from the speech OF the
Mayor OF Lowell addressed to the President of the Uni
ted States Lowell is the headquarters OF American
manufactures.
Mr. President have the honor introduce You to,
and again welcome you among happy, contented, and
prosperous populations who will give you that frank and
cordial reception which is due your exalted position
eminent citizen OF sister Stae and as the President OF
this great republic"
We could fill columns with such evidences all proving
universal prosperity Wherever the President, during
his tour stopped sufficiently long to be congratulated by
the citizens, addresses of similar character unver
sally made Not single branch of industry except.
ed. In manufacturing agricultural, and commercial dis
ticts almost the expressions were made regarding
the astonishing and unprecedented well being and happ
ness of the people. The iron, woolen and cotton manu-
featuring districts are busy employed, and the different
establishments declaring large dividends And yet these
affected by the tariff OF 1916 The Daily Commercial
Journal Of Ptsburg (whig) has recently given full
counts OF business done in numbers of the iron establish
ments of that city, showing uncommon state OF ac-
The Evening Post informs us that the revenue received
in the port of New York aone for the present year, will
be upwards OF million OF dollars more than that OF the
last year.
The credit of the national government, nowithstand
ing the immense drain upon the treasury caused BY the
Mexican war, never better. The Journal OF Com
merce states that the United States loan of $is
taken 10th April ls47 at about 4per cent premium This
premium has since advanced, according to the daily
ports the papers TO per cent that at this rate the
exchange brokers will gain 81 100000 by this operation
Compare this with the fact that but recently under
wing administration, a small United States loan was
hawked all over Europe without obtaining dollar
American capitalists kept aoof from it, and foreign CAPT
tass laughed at the audaciy OF the administration in
offering it.
In Newark we hear not word of complaint The
numerous manufacturing establishments appear busiy
employed and understand that those of Paterson
equally The best feature in all this favorable state OF
affairs is its healthiness its stability Speculation canno,
be named in connexion with it, and every business firm
is using its whole capital in its legitimate business None
is invested in shadowy cities water lots and moon
shine emporums.
If the administration is the of this beautiful
state of things, the wing press asserts has not
tanly prevented it. If the measures of the democratic
party such the tariff of 1916 the independent treasury
and Others have assisted in producing this universal
prosperity, they undoubtedly have not checked it, But
how measures of such importance to the business of ALL
especially manufacturing and commercial classes
exist without exercising any influence either for good or
for evil we cannot imagine. Before they became laws
every wing press and whig orator prophesed that they
would produce widespread bankruptcy and ruin That
they have not done so, apparent to ALL They either,
them have been productive Of good and the admnistra
ton and democratic party should receive all the praise
they have been inert and useless and the wing pophe
cies shamefully false.