The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-02-06

genuine oues-vig large female, with shield &c-fup
length female on the right end-wen DONE Twos on
the Mechanics Bank Burlington, N. J.-vig only one
human figure. Twos on the Jewett City Bank, Jewett
city Letter A-The words State OF Rhode Island,
and Providence" stamped in paper light, engraving
good Threes, the same bank-vig. female with
sickle in the right hani and resting cheat 90
wheat cattle In the dstancepurports to be engraved
by Balch, Stiles, Wright s. Co, New York. Fives, on
tame bank-yig female and cheat Of grain. Filingup
and general appearance bad. Twenties on same bank
altered ON ones-wel done We believe the bank has
Issued no twenties
It Is amusing to read the articles published in tho
organs of the high tariff protection party relative to
the Of the country ut and several Important
manufacturing interests in particular One would think,
In lool ing about in seeing the activity OF oil cassee
in this city that we in high state of prosperity
and that the mort rapid progress being ma ie la
every department of business such is at all events the
appearance thres, but according to the high tariff
gaus it is all decepton-sll moonshine. According to
heir statements utterly almost irretrievaby
ruined, Nothing from complete humiliation
but the passage OF act raising the duties
cur ports almost prohbitory points It is ex
traordnary that members Of Congress do not tho
dangerous position of the most vital interests Of tho
country and instead Of devotng their time and
for the Presidency the manufacture Of political
capital for personal profit turn their attention entirely
to the causes tending much to prostralon, ana
provide an immediate remedy. If may believe one
half what the protecioniss say there is but remedy
The passage Of high tariff Get would at once regulate
and all difficulties ard establish the prosperity
Of the Union in financial commercial point of view,
upon tolid substapt al foundation This having been
pointed out relieves members of Congress from the
ce.y Of locking round for palliative and they should
at proceed TO adopt it, SO say the lnuacurers
through their organs. They so further. their
beraity and generosity they advocate the of the
agricultural and mercantile classes and devote part o.
their political in uep the of these important
interests from the depression surrounding them Bread
stus do not, according to the authority quoted bring
remunerang prices AMI splendid clipper ships
carrying freghts at ruinousy low rates Our works OF
internal improvement do not have half the business
der the present commercial sytem Of the governments
they would have under high tariff and unless
turn immediately to the in operation previous TO
1916 ions of dollars in The on Of
railroads. plank reads canals &C. win become
unproducve Thousands will ofcouse be ruined If such
retut should be realized 1t is not strange that those
who look upon things In this light should be alameda e
the apathy Of Congress- and have the most fearful FORE
bodngs relative to the future existence of the country
But it is strange that capitalists continue TO employ
their means In such precarous business manufac-
turing cotton WOOL iron instead Of Withdrawing a.
once turning their property into gold depong it liz
safe place. putting their hands in their pockets
an patiently waiting the country break They
then afford to let 1t break for they would then have
the right kind Of stuff to buy the pieces great de-
probation
Seriously speaking, the statements put forth by
the organs Of certain manufacturing interests are SIM
ply absurd They are hardly worth noticing The manu-
acurers Of the East suppose that the first duty of Con-
eress to protect them against encroachment from any
foreign competitors that every thing else should give way
to insure their prosperity and that must follow
certainty if they in a prosperous condition al
other interests must be. This ignorance-to give tbs
most favorable construction to the hardly
be expected from such Fortunately they Do
not succeed in making Congress believe their
and there not the most remote possibility Of any
their objects being accomplished We can, therefore
listen to their complaints and read their ridiculous and
mournful statements with perfect Indifference They
ere decidedly behind the age and likely to remain
there.
It Is wen known to every person who continues postsd
up that the country at large from Maine Texas
the Atlantic to the Pacific, in more pros.
porous condition Even the great iron and coal interests
about which much sympathy has been expressed are
in thriving progressing condition 1t s true that MAN.
furnaces have been blown out many coieries closed
purpoces but all this shows nothipg it does not even
show that these lot profitable when in operation.
Those who are engaged in manufacturing know that
competition from those surrounding them Of the
must difficult dangerous things to contend with and It
Is TINS nome competition which leads to extravssaut
penditure Of capital for the purpose crushing at
all oppostion that leads to insolvency ruin Within
the past twelve months severa large mills have been
erectedi in New England for the manufacture OF
i sxlif. Ia LAW
expended for buildings and Machinery and the quantity
put upon the market another year will BE immense ALI
this locks WELL end 1t would appear though manufac.
turing establishments contributed and put opera
tion under low tariff would be likely continue upon
strong basis but al such expectations viii be
realized II is opinion that il than three years
majority Of these companies will suspend and It will
be ttrbuted entirely to the absence Of high tariff
when in fact It win be from excessive competition from
Of supply the demand for consumption,
to such extent to dspreoiae prices below
rating points Results similar this have been realized
in the coal trade and will be realized again tariff or nc
tsTif. With all this, the lever were in more
prosrerou' satisfactory condition. With full employ
melt and good wages, they large conyurer, 81 al
the necesssres, and OF the Inquiries Of life AMI n
would BE well for Congress 10 let them alone 4 few
manufacturers here and there continually boring
Congress, with petitions for duties on this
article and that article and it probably will always be
What IS worth having is certainly worth asking for
and shall doubtles have petitions this kind every
session OF Congress Fortunately ether matters occupy
the attention Of most q legislators ct Washington
and these who can be prevailed upon TO advocate the
protectonists make little progress towards the OBJ
ject they have in view.
stock Exchange.
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