The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-11-25
M o N K Y M A II X EFT.

MoNDAr Nov ASP N.
The stock market opened toerably buoyant this NOR
Ming The transactions in the leading fancies were prn
cpaly time buyers option and there appeared to be
scarcity Of sellers those terms At the first Board
Harlem went up q per cent; Canton Company Il Read
ing Railroad, ~ Norwich and Worcester, NJ Erie In.
come Bonds, "a Edgeworth Company, 4; Erie Railroad
closed ct prices current Saturday After the nrst
board the market dropped and there sales In the
street At lower prices all round Reading Railroad has
advanced wonderfully in the face Of the present gloomy
prospects Of the company. dividend In January Is en-
tirey out Of the question notwithstanding which the
market value Of the stock Is improving.
The receipts the once OF the Assistant Treasurer OF
this port, to-day, amounted 10 seoyoso; payment.
Sl+b ,462 6S-balance S3,1s6,35s 20.
The movements Of Kossuh In England particularly In
Manchester must conformation amidst the ranks
Of protectionsts both sides Of the Atlantic rhsex
element produced BY the free trade speeches and de-
monstratons which have marked the progress Of Kos
sun must lead 10 important results The death kne 81
protection has been sounded and after Kossuths
arrival In this country, 1t viii be literally annihated
Political and commercial liberty must 20 hand in hand
Where one L. there must the other be- also Free trade
has never yet been established in any great commercial
country The idea has gone forth and a. Il advances
viii gain strength, and become generally enter
tsined The principle exists The theory we'll under
stood but wehsve not jet had practical denomination
Of the proposed system We shall reach that pon,
Events which have taken place In England within IN
past thirty days have given great mpetu. to this pru
cple and IL must ultimately be adopted in the most
liberal The probability s that we shall hear
mere from the manufacturing interests this side o.
the Atlantic about protection We doubt there
another demonstration made I'm Congress relative to
tariff giving . much protection the In ope
ration Manuf,cture. In the United States will increass
sst enough without any tariff at all With open port
and complete abolition Of all Custom Houses the msnu
featuring interest would prosper . much ss IL should
ensure healthy permanent progress within the past
four years the manufacturers Of the United States.
in the aggregate have made more meney In the sans
length CT time than under any tariff have ever
had Protection creates great and Of course
reduces prices but the dculy h that IL reduces priss
so much, that most Of the manufacturers fail and all
those engaged ruined The result IT, that consumer.
for time get certain articles cheap but Of the time
have to pay high prices After the manufacturers have
broken down, and the business at home lie completely
FRUSTRATED have 10 look abroad for our supplies AMI
it then that the high duty becomes onerous Then
the consumer feels the evils Of protection Manufacturers
in all countries must be built up gradually 10 becoms
permanent and the only way to build them up firmly
to withdraw ell protection. Those that are established
under free trade ystem have nothing to fear from any
change in the policy Of the government but those de-
pending upon protection for support safe Sub
jet to certain influences by every change in the political
affairs Of the country they know not when they may b.
completely prosraed There nothing like free trade In
anything connected with anance and commerce II the
only sure foundation upon which to build Commercial
system that will not only be permanent but productive
a the eresest good TO the greatest number We have
doubt ths Kouth viii be in bad odour with the cot.
ton manufacturing arstocracy Of this country and IL
scud not surprise ps Il some Of the organs Of ha,