The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-03


been announced in our money articles that com
plants made in various quarters, and psrticu-
larly in New England, that, without greater mea-
OF protection, the entire manufacturing interest
in the cotton line mus. collapse; and the New Eng
andjournals seem quite anxious to impress upon
the public the fact that very serious apprehension
are entertained in that quarter on . subject of so
much Importance in the financial world Well,
how is it that these gloomy orebodings are as FIRE.
quent in the neghborhood of Boston as their chill
ng and di'agreeable east winds AMI thick fogs'
How is it that every year the same tribe of stories
set aaoat, and that general bankruptcy of the
cotton manufacturers is promised! Is there no
way TO solve the difficulty
In the year 1870, the Boston merchants-chisny
importers began t. turn their attention to the
business OF manufacturing cotton and wool. Sc
veral ofthose merchants vent to England, France,
aud Holland, to study the subject-even while they
were importing-and came back determined to pur-
sue what new occupation on
a large scale-while they urged, in many ways, the
extension Of the American systc N, as it was called
in those days, or system of high protective tariffs
Great Britain, at that PERIOD had her system Of
protection, although 1t had been assailed by many
of her public economists, on the ground taken by
Adam Smith, till the opposition grew into the for
midable and successful anti Corn Law League.
This opposition in England to protection, only
whetted the appetites of the New England manu-
iacturers, who were enabled to create some synpa-
thy for themselves, by representing that England
was jealous Of a manufacturing competitor in the
United States The manufacturing system grew
up in the meantime. From white coarse cottons, the
manufacturers proceeded to blue and white stripes,
to Turkey reds thence figures and calico printing
generally, and the mills Of Lowell, Dover, Provi-
dence ard Saco rose if by gle from the demand
for these new styles Of goods. The New England
manufacturing system had grown from mere
thought into gigantic idea and reality. 1t was
ielt at Manchester. 1t was talked of in the Eng.
lih Parliament. The effects were anticipated by
hundreds who had been in the habit of supplying
this country with goods Of the fabric The
American people and the world benefited by the
con petition. The quality Of woven cotton was ma-
teriay improved both in England and in the United
states; and at this hour the American goods ara
equa, to the English in fneness, in finish, in
Iast colors, and in every other spect; and even
IN the worst Of commercial times We have not found
that these manufacturing establishments have suf-
fered more than their neighbors engaged in ship
ping ard commerce-those Who neither ask nor ex-
pect protection or bouutcs.
During these thirty past years, while this cotton
manufacturing system has been growing mp, very
senseess war, based upon theory only, has been
riod to agitate the government to blockade our
ports against the Introduction of cert ain kinds of
foreign goods and this present cutlery for revision
of the tariff is only part, parcel, aud principle of
the whole scheme of exclusive privileges, which
may have been needed twenty-five yearsago. TO give
capital start on its manufs curing career. To-
day, however, the agitation is absurd; and if the
manufacturer had saved the millions fdollsrs which
they have squandered to put th,ir darling tariff
through Congress, many Of them would be without
complaint. The truth s-- ho Sever, that it is only
the large companies-chartered ones-that create
this hubbub; and the cause Of their uncasness is
to be traced TO the want of adequate protection,
but 10 the extravsg mode in which they conduct
their bUsiness. Some Of these large companies en-
ploy whole army of agents-many of who n hold
sinecure places-and they add so enormously 10
their expenses by folly and stupidity, that they
cannot compete successfully With those establish
nts in which individual and responsible partners,
Of shrewj business talents aud economical habits,
conduct their affairs with prudence and discretion
Tn, success of these unincorporsted factories is
~
twebty.Gs per cent dvidend-while the iucorpo-
rated, extravagant eompane, complain that they
can make no profit.
This fact, then, shows that the failure Of the
large New England Sompanies-a list Of which Is
az long as the moral LAWS not incidental to the
want of tariff but il to be traced TO causes purely
within he management of;he companies the nselves
The PRESIDENTS and directors are so many vampires,
and the agents distributed throughout the country
20 many locusts, who Will pei mi, any profits to
accumulate. 80 is il with anufacturing business
generally throughout the United States e grows
scrop Of lazy hanger. on who eat up all the profits
and then trouble Congress with their cries about
proteetion-and this, too, when individual CON-
Ial les OF shrewd business habNs, are only doing
well, but are enlaIgiug their premises and living in
the full and natural expectation Of doing a. vel "a
any persons engaged In business Some large CAPT.
.olists built "reland,' or "New City," just above
srrin gfeld ut South ladley Falls, for manufs ctnr-
ing purposes, two or three years ago. Therett I
stands to day-a ei.y without inhabitants, AID /
almost as sIlept az llercuaneuin or POmlri. Shall
we ssy that gigantic enterprise has produced
batter results because IL bad not the reqais tariff
on shal come 20 the truth at once, lnd say tina
ibe capitalists built city before II was wanted
ard had too little money ~ push their manufacture
ing business With success-tbat the capital piled up
ia usclcss bricks and mortar hangs a. isli weight
VI on tie Who'll, enterprise THIS. IL see ms 70 ~,
s the secret Of these complaints ,oui New England:
aud they will probably be continued Al " nase
the rational spectacle VI more Business tact pru-
dtLce, aud les extravagancc.
RELEASE or TIE BRiTisu Dg>ERrER FROM Cts /
TSDY- IRIuxPa Or LAw.-We give elsewhere ihc /
decision Of Mr. Conmissioner Bndgham. releasing 1
from custody Walsh, a desertsr from the British I
army, charged by sir Henry Bulwer add Mr. Bar
clay with robbery, in taking a knife aud keys, in /
New Brunswick. and ella med by them that \
account. under the cxtrsdition clause VI the Ash
burton tresty. The decision, under all ths crcun-
.,anees, is correct and proper-injeei much 50
that We we're surprised 10 and diplonstst, and
.tstssman Of 20 much ,agacty, intelligence and
tac, a. Sir Henry Bulwer, making 90 great mis-
4 = IL Il