Eastern times. [volume] (Bath, Me.) 1846-1857, 1850-06-06
P @ L [ 7 [ C A l. .
Cat its old tricks"

its principles and party, having been fur
uished with the "cue" Justify proclaims a
panic at hand Pressures in the money mar
ket. caused by over-speculaion to any ex-
seut in a particular branch, always affords
opportunity for the whig party, with the
specious cry of"Ruin" 10 raise "a hue and
cry under which some favorite scheme is
sought to be effected.
The present game appears to be to take
advantage of the temporary suspension o:
some of our manufacturing establishments,
get up another panic humbug and in the
general distress" and alarm, endeavor to
secure more protection. r
The Washington Union thus shows up
the 'trick."
The purpose of this movement at Lowell,
cannot fail to be understood. Ii is an expe-
hient by which the manufacturing monopo-
lists of the east hope to effect two objects :
first, the overthrow of the present liberal
commercial system established by the tariff
of l846 +; and, secondly, the wedding out OF
the .4merican operatives, and the supply of
their places by foreign pdupers," at about
one-hdLf the wages which they are Obliged to
give the native-born men and women who
have heretofore attended their spindles and
looms. Such are ;he objects to be attained
by the performance of the new panic drama.
But, when it is we'll known that the prices
of manufactured goods have been steadily
advancing with the advance in prices of the
raw material, and all the interests of The
country are in a most Unprecedented state
of prosperity, the intelligent and disnterest-
ed masses of the American people will Won
der at the sudden cry OF distress that has
been raised by the millionaire nabobs of the
East. They can see nothing but peace,
plenty, activity, full employment in all the
branches of industry, and high prices, COM
paratvey, and yet they are startled with the
wall of distress and suffering from the city of
Lowell!
We trust, however, that this transparent
trckery of the monopolists will deceive no
one. 1t is but a repetition Of the threadbare
expedients and devices OF that class to induce
Congress to give them greater facilities Tor
rohbing their fellow citizens, and adding to
their own overgrown wealth, under the
specious pretext of protection To charac
teriZe il truly, it is a heartless and atroclous
warfare upon the laboring classes and the
industrial interests of society, resorted to on
ly for the porpose of deluding Congress into
the belief that higher duties are needed
more onerous taxes upon the laborIng and
agricultural classes are necessary-In order
that the country shall continue Oh in its
mighty career of prosperity; when, III fact,
its only aim is the aggrandlzement o! the
monopolist classes. In due time we will ex-
pose The arrant hypocrisy and selfshness OF
,hese leeches upon the body poiitc Al
~1xr.,z
marking that the conduct of the Lowell man
ulacturers reminds US of certain shrewd
class OF female beggars who lntest our large
cities. We aIlude TO those who carry about
babies to beg with. When they wish TO in
woke the sympaihies and charities of the
passer-by. they pinch the baby and set it TO
crying, and thus attain their object of exact
ing a contribution from the humane, who are
moved by the distress of the poor baby
Thus these manufacturers Of panic manage.
They pinch and pesecute their poor operas
tives, and induce them 10 cry out with suffers
ing, and then tliey gravely turn round and
pretend that labor is oppressed, and tue
country is ruined, and that neither can be re-
ieved unless Congress gives them the per
mission to fill their pockets with The money
of other people, exacted under the pretext OF
protection.
Upon the objects of this game Of the man.
ufaclurers, the Lowell Patriot and Republi-
can remarks:
Statements have found their way into the
newspapers that, in consequence of depres-
sion n the manufacturing business, portion
of the cotton mills in Lowell, Manchester,
and other places, are TO be stopped. But
this report as put forth, is utterly totally false
and unfounded. There is no depression in
the cotton manufacturing business. Cotton
has risea it is true, but not SO much as the
goods iuto which it is converted. The mar
ket is good, and there is no unusual, nor ex-
cessive piIing up of goods. Manufacturing
has been continually good under the tariff OF
46. is now good, and will be good for aught
of any injury it will receive from that tariff.
Since the passage of the tariff of 46, from
that day to this, the Lowell manufacturers
have made greater profits than the banking
interests of Massachusetts, or any other
State, the railroad intereAt, the commercial
interest, and more than four times as much
as the agricultural interest. The dividends,
and the surplus profits invested and on hand,
will amount to more than ttcelre, If not TO
eighteen per cent. per annum, for the last fUe
gears, to the owners Of the cotton factories in
Lowell AS A COMMITTEE OF CONGRESS CAN
LEARN, IF, WHEN THE QUESTION OF MORE
PROTECTION COMES UP, THE SUBJECT SHALL
BE INVESTIGATED.
To effect change of the tariff is the prin-
cipal object of the present cry. And to this
end, wherever there is mill that needs new
machinery or wherever change of machin-
cry is desired, that different quality of
goods may be made,o or wherever it is thought
ADVISABLE to substitute the Turbine for the
oiu common wheel, or wherever any canal or
Gam 's 70 De enlarged or repaired, or wher-
ever any Important repairs of any kind are
required, .he present time for doing them is
taken, ana the true cause for this partial sIs.
pension OF business is kept out of SIGHT. and
the ruin makers attribute it to the denressed
state of the manufacturing business And
an imaginary depression Of business ;s nj
ways benefit to manufacturing Capitalists
as il affords an opportunity and excuse for
reducing wages.
Here follows an extract which we copied
last week, in relation to the employment o.
foreign operatives 10 the exclusion OF Ameri
cans. -r .--.- -- - ... .l.-
These are the real causes Of the pretended
depression of the manufacturing business
There is no depression, no ruin, and If Con-
gresss before suffering themselves to be hum
.busged or frightened icto an alteration Of the
tariff Of 46, will sift the matter, they will
will find it so. ,..--r