New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-04-21

troe Of certain descriptions Of Cotton snd Wooden
fabrics and uea.ursbly 50 Of certain forms Of Iron.
Either rnsy be embarrassed. parayz ed, tempors-
rily prosusted b. unsise legislation. bat the day
has passed for theig entire extirpstion. Many ia
terests feeble prior y ls42 that they seemed as
likely TO die as 1--we we're so revived and iayigor-
sted during the four years operation Of that la"
that they can never more be overthrow The pm
manufactured illustrate great thugs By small
has obtained foothold through the influence oil a
high specific duty, the enterprise OF those engaged
ia IL. and the wonderful results q Yankee Ingenuity
and invention brought . bear upon It ,Shich they
could never have been but for the existence and
yigor Of the manufacture among as that Dow our
pinmsker. fear nothing from Foreign competition.
Yet yoo will find 90 more resouts advocates Of
Protection than they are iOr they ere un"lllng %
kick down the adder snefeOn they have asceh1eu
IN prosperity aud security, While mere are 1nou'
sands Of their counuymen still Struggling On us
lower rounds or AZ its foot Ard beside. they Kno"
that their prosperity is interviewer Win ana Ih'''
rnately dependent upon that OF other producing IN
ters,t. and that the Protection Of the entire inoos
try Of the nation is essential u the welfare OIL eaCn
and every part Of IL
The Epeainp Pest admits that there mas been
.oroe mi.baus Of late among American manuiactu'
,e, but it is ell the resulto excessive
productionoftheto too rapid and TOO general OVERSIZE"
of American capital AID enterprise into the cnsN'
mel of Manufactures II asserts that the lOH
Works ia Pennsylvania which were comPeheo "
.top acme weeks since have started again lwhicn
at most is but partly uuelthst all the recent isn
ures were the result Of improdence-and tnat inc
Iron interest is In fact only mo much protected
and that while some Cotton mills have stopped 81
the East others have been set III motion al the
South so that the account ia, IN fact very heafy
balanced
The Post deceives Itself Certain descriptions
If fabrics are still produced among US at proht
but the general result Of last years manufacturing
was very unpropitous. Not only have msny ooH
panies failed entirely invoicing loss OF captains
well as income but those which have kept ct wofk
ana solvent have generally paid no DIVIDENDS or
next 10 none The exceptions are lew ana unlm
portant. And what the Post mistakes Tor gen
eral rush into Manufactures under and In conse-
ouence of the Tariff Of 40 was in truth something
quite dfferent--the mere grouDdswell Oi the cur
rent which set that wty from 1912. Sites and
water privileges had been bought, villages ald out
contracts made, and buildings often commenced
under the tariff of ~. and before its repeal was
deemed probable. These could not be abandoned
without great and complicated loss-so they were
perseyered in. And this is what the Post calls
rushing into manufacturing under and because OF
the Tariff OF 46l
/ If the Post will but need so humble a monitor
we will undertake 10 show It why and now our
manufactures have suffered embarrassment during
the past year, and still suffer. We will not ask II
10 listen to our arguments, but simply to consider
official statistics Of the most objectionable char
acter The official statistics Of British Exports for
the FIVE last years which have been published in
full 10 our paper during the last four days, furnish
the following facts