The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-09-22


which has just capital of 100000, shows loss The
earnings Of the Essex company, in Newbuypo, or the
last sx months stated be four per cent dvi
dend has been made there was loss OF like
on the previous six months work. and the earnings OF the
asst half year are required to make whole the capital Of the
company
With these facts before him. no intelligent pan will be-
ieve word Of the statement put forth by the News in
relation the depressed condition of the cotton
featuring interest That interest is beyond all question
in unprecedenedy thriving condition. And if that
great interest is thus prosperous will il for moment be
believed that its great cognae interest," the woolen man
uiacture is depressedi We do not believe it, and we
have not yet single fact to prove ii but on the
contrary have many facts to prove the reverse
But the editor of the News goes on to add, that he
may be said Of the coal operators" that is to say
the coal interest is suffering the same way in which he
represents the manufacturing interest to be suffering
This statement is just as true the allegation that the
manufacturing interest is depressed In the first place.
do not the people burn all the coal they need as
they did under the tariff Of 1872 Is not the consump
ton Of that article great now as it was then We
have not the statistical facts before us, but we
have not doubt that the consumption of coal
during the present year will be several hundred
thousand tons more than il was in 1916, the last
year Of the tariff of lS42. But we have some facts
to show that the statement Of the News is not cor
rect We will prove that it is by the wholesale prices
Of the article in the New York market in various years
In 1914, September u according to Hunts Magazine vol
IL. page 46s the wholesale price of anthracite coal in
the market of New York was IS so per ton In ls47,
in September, according to the New York shipping List
was rs SO per ton In ls49, September is, according
the pricescurrent published in the New York Skipping
List Of that date. it is quoted at rs SO &c. The first Of
these years during the operation Of the tariff Of
the two last were under the tariff OF 1885,
Now, il anthracite coal commands even higher price
In Is49 than il did in lsi2, under the protection auic
the Netps contends ,gas sufficient, how does it happen
that that interest is in suffering condition And
how will it be improved by going back to the da-
ties Of 1912, when The price tods lover than it is
now We should like have some of the sticklers for
the tariff Of 1912 explain these discrepancies and contra
dctions And particularly should we like to have the
editor of the Philadelphia News inform us how he can
venture put forth such statements as he does in the
very face of the facts which contradict and overwhem
them.
We have now, by simple statement OF undeniable
and wel-auhehcated facts, taken from sources which
wing will dare to contradict, shown that the state
tons, to impose upon and mislead the public mind
And having shown them to be uRfounded all the nom
and absurdty about the cessation of the home
market and the demand for labor falls to the ground
There not particle OF truth in these bold and audacious
assumptions And, after such exposure as we have
made Of them the country must and be convinced that
they unfounded, and put forth to deceive and
deude the public mind They but part and parcel of
the 'pg iron" designed to operate upon the
election pending in Pennsylvania. We have shown
that at least the manufacturing and coal interests are as
thriving if the prcescure any proof of the
fact; and they everybody knows the unerng Their
mometers Of trade. And if iron manufactures have been
closed and the cotton manufacturers stopping their
mills and il the coal operators have ceased their opera
tons, and turned their labore out Of employment, has
been done only operate upon the elections II is the old
expeden Of these wing capitalists and politicians II
act Of tyranny and desposm, designed coerce and
control the poor voter and it should be denounced and
condemned by the American people is time that these
shameful expedent to control the poor vote were
frowned upon and put down.