The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-04-25
CENTRAL RAILROAD. GEorc
$51,43i IS


increase has been larger in down freight than in any
other item, while the increase in passage money has
been but trihng. The most important branch of bust
ofmost the Southern freghting and tho
staple product of the section country through which
they pass gives them annual supply which they can
always depend upon.
The value of merchandise imported into Boston, for
the month of March, 1S49, was S243s,191, AGAINST
S27l5As9, for the corresponding month in 1s4s Tho
importation of specie into Boston, for March, 1849 was
s13l s7e and for March, 1s4s, only S4,752.
1t is stated that the Lehigh Coal and Navigation
Company have the opinion Of counsel that the drawing
Of orders upon them for the transfer of interest
able in COAL for the delivery of in payment OF
interest is not prohibited by the of the Lee
gslaure approved April 10TH 1s4o The opinion con-
firms the view that the law applies to checks orders
scrip &c. issued by the company and has reference
to orders given by creditors the company
The annexed paragraph, which take from the
Newburypor Herald of recent dat speaks Volumes:
NEwBuRYPoRT MAsrFAcToREs.-We are gratifed to
learn that one of our mills though they have been
obliged for the last six months sell their goods at
prices lower than were before known in the
try yet find the semi-annual investigation of their
affairs that they able to make dividend of :; per
cent on the last half years business. Another fact
which we learned SEINE time since mention In order
to relieve little the sufferngs Of a class We have
among who not only grumble because enterprises at
home subject to the same occasional mischanccs
which they abroad but who go abroad spend their
money in distant enterprises dstrusting every project
started at home. This is that the agent of of tho
largest water power manufacturing companies in New
England has recently been purchasing in one Of
our mills, paying nearly the par value.
This is the most conclusive evidence in the world of
the result of good management. There is no better
protection than economical management The last
sentence in the above paragraph is sufficient to show
that New England manufacturing stock is not con-
sidered, by those who have facilities for knowing
what it is worth, valueoss as the loud advo
Gates of protective tariff would have the public
generally suppose. Bad management ruins more
manufacturing establishments in this country than
all the changes, any reduction in the tariff; and
it is the most ridiculous thing in tho world to hear
these manufacturers camorng for protection from tho
government, and attrbuting all their to tho
absence of high duties Nothing would suit them but &C.
tual prohibitions but doubt whether that would
prevent many Of these 'compa les from experiencing
periodical bankruptcy. The extravaganza, corruption.
and ignorance exhibited in the management of most OF
our incorporated companies sufficient to DESTROY the
most extensive concern bring ruin upon the stock
holders The want Of foresight in purchasing the raw
material for manufacturing purposes-the want Of
discretion in the sale of tured goods and the
numerous bad debts contracted sufficient to swamp
any company, even if they protected by higher
duty than yet afforded In relation to our cotton
manuac uring interest satisfied very little pro-
lection beyond that in operation Is required to
ensure the most unlimited prosperity. There are,
however interests in this country which do require
more protection than they enjoy and in the mod
fcatons contemplated in the tariff they will re-
ceive the consideration they deserve Cotton manu-
facurers are upon basis firm enough to sustain them
and If proper improvements were dc in the system
of management should hear cs complaint about
hard times
We annex comparative statement exhibiting the
movement of the State Ba1k of Georgia and branchcs
for four periods