Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1850-01-01

iacture OF ron ce1anG much greater This
Ia pat compensateSby the disadvantages under which the
branches of procu his raw material from rent di,n
OF transporting heavy article of production such as roni
rLen a1 market 10 addition he is pressed by heavy
OIL taxation The greater efficiency of our labor is
10 some extent an additional compensatory element This
includes me greater capacity for acquiring SKILL the superior
general intelligence the higher inventive acuy the
moral and physical energy both of action and endurance
winch our people possess in comparison with the oreion la
oore Better fed clothed housed educaedconscioms
VI te anty TO lay up some capital annually from his ga
to invest that capital in the in
wc ms labor engaged-enoying practically greater civil
anu policai liberty looking forward indefinite future
i'm WHICH, iongn his own good conduct and example he NAV
expect each successive generation of his descendants TO he
oeleI ccumstanced than its predecessors it cannot be
doubted that these advantages add greatly 70 rho ecencv
of the American abore The precise extent TO which ,hcy
go towards compensang the difference in the pce of obo
II IS difficult to define The efficiency of our labor NAV be
expected TO increase with the increase of reward 10 the Ia
borer In many of the New England factories the aborers
are encouraged invest their surplus in the stock Of
The company by which they employed and are thus s
ulated by direct personal interest 10 the greatest eyeon
may be expected that this system will be introduced nto
oner branches in which it may be found practicable tending
a. aoes SO powerfully to elevate the aborer pro-
uucon ana practically Instruct all men in the great truth of
| inc essential harmony Of capital and labor
3D. Capital flows freely home and aboard in every pro
auc,,ve channel IN which it can flow safely and will even
incur great hazards they be such owner NAV hone
to meet by the and crcumspection ohscf or Others
70 "ho ne has conhded its management But if he knows
tat SKILL industry, and economy cannot nva him md ,h.,
IN addition TO all the contingencies ofrivalrv and ,,tes h
IS 10 DC urhe exposed dangers arising from causes outc
beyond MS control or councracton he will hold back The
which have occurred in policy have no doubt
deferred large amount Of capital from investment in in
dustrial pursuits. The encouragement offered an one dv
and on the faith of which fixed investments have been made
whcn are exposed To loss by the withdrawal of thai en-
couragcnent on the is in fact substantial discornpe
ncht ana thc insecurity resulting from The repetition of
such acts has been seriously detrimental
4th. The fluctuations in the foreign market. have f,r
many years been such as to denote an unhealthy and
evensn STATE OF business They in the natural
course OF wholesome trade. They seem 10 betokcn a
change IN existing arrangements and the apprehension of
ch change is also evinced in The efforts now making in
England to sustain The British manufacturer BY prrin9 n
hazard other important branches of industry mo rn
petition OF new establishments with very arge ones already
in existence abroad and in which the price Of labor is low
eris evidently not an equal competition The capital fin
ca IN machinery furnaces &C. cannot be changed and i
WORK o production will not until the price shall have
been reduced 10 point very little above the cost of macr
as labor, and repairs OF where the lower price il
paid for labor there will BE- larger margin for rcducon m
the sacrifice OF part of the profit and where great acct
mutation is in hand of the avas the business of former
Years, The owner find it his interest while TO sell
ms commodity NJ less than The actual if by that means
he can drive out his rival looking course 10 subsequent
reimbursement a cas when he shall again have the con-
troll OF the market
This known necessity Of the position Of foreign manu,c
trers oi course tends 10 well as to defeat
the successful operation of existing investments of capital
here in similar enterprises.
To the influence of these nflyo-obc circun
stances which, So long as they continue must greatly re-
iard our advancement limit foreign commerce. and
prevent ic uuc progress oi industry, propose that the du
lies on the staple commodties whether material or ma
natured artlcca) in which foreign nations compee with
gu. own productions be raised point al which they will
aord substantial and sufficient encouragement To our do
mestic industry provide for the Necessary nccasc and due
security OF the revenue and ensure the permanence and sta
Mity OF the system Experience has, Think shown this
be WISE just and eiccta mode promote new and revive
angulshng branches o! industry provided the selection of
the Objects be wisely made and limited those productions
for which the country is naturally adapted
We have been perhaps, TOO long hesating and vachtnc
on the threshold OF great career The OF stability in
the of legislation and other disturbing causes have
heretofore occasoned nconyeniences The short duration
of some ri the arli ncSc great expansion Of The
ict Ia @ha believed TO be political nccessi-
yl which whatever lis effects existing establishments
undoubtedly dsconr cd new adyenturersand finally the
unexpected repeal .e Of St2-thcse circumstances
have certainly be-. ,reIarding character.
Yet il Is inpo. observe that at every favorable
moment movements in advance have been made and
that the ground thus gained has been entirely lost /, il
believed thai cIel article, the manufacture o which hal
been established here has, after that establishment conti
nucd gradually 20 diminish in price, and that without
responding reduction in The wages Of labor which, indeed
could not be diminished, by of increased demand
for il. Statements annexed marked I) exhibiting
some instances Of this result,
These facts lead resisby TO the conclusion that la
Dor becomes much more efficient by Use, acquired SKILL
enlarged establishments and new facilities derived from in
ventionS that the difference in price between and the for
en labor however serious obstacle successful conpc-
on will become less with every year of activity in
lows that labor must be worse paid because lis products
sold cheaper; that because labor better paid its pro-
ducts must be sold tearer.
All that is wanting is general determination that indus
shall be Encouraged and supported in the home production
and manufacture of ron WOOL cotton sugar. and other
staples, and that the legislation necessary sustain shall
be firmly adopted and pcrsevered in.
Concluded on Second Page.