New-York daily tribune., 1856-04-24

sni other countries refutes this Assumption, N,
! Wool was made free in Great Britain. il VIA,
dicted that Sheep Husbandry wpad thereh, 1.
intd; but it has been more prosperous sine, a,
ever before, and there are more Shecp 10 g,,,..,
to. Day than there ever were under Wool a.
Germany, under the Zoll Yerein, nesr,y fcn,.-I',
in the footsteps of England and with hk. ra.,,.
Frsuce, watching the operation Of these ,h,n.-
and observing their beneficial effect, has ina, AZ,
shed her Wool duties, and the consequent ino,,.-.
for snd purchases of the raw staple 10 other co.
tries by her manufacturers have qqickeued q.
markets and enhanced the price OF Wool tb,o0,,
ont the world So We believe that spy ,na..o--
wbichwill set our Woolen machinery intoprOso.,0n
and permanent activity will prove of decided be0A
fit to our farming interest, woo.growers !,
cluded
We confess to some humiliation in being ObEsI
TO answer such statements as that Of An 0nOnd,
GA Farmer" based on that of the Compendium
the last L. s. Census, that Manufactures general,
in this country pay an annual profit of Jorysl,,
per cent Does not our correspondent Know b.
teri Does he Dot see that the "per cent. profit
is a mere deduction of the compiler from ven
loose and insufficient data Can he imagine ar
the manufactures of California for instance, pay
profit Of over cgh hundred and t,oeire per cent? O
those of New Mexico over 172 per cent Does b
not see that the compler has simply added tx
amount returned as paid for raw material TO iha
returned rs paid for wages, and deducted the a.
crecate from the estimated value Of the fabric, pro
ductd, and thence estimated the balance as profit
Yet every practical man knows that there huu
dred items of expense in manufacturing-some d
them very heavy-which cannot properly be IN.
cuded under the head Of either raw material" o.
"wsges," and 20 fail 10 figure in this misleading
Table CNCN OF the Census Compendiun
There is not a reasonable doubt that the actal
profit of Manufacturing in this country in 1850 wa
far below 10 per cent.
Let US give "An OnondaIa Farmer" two "
three facts: l. The late Abbott Lawrence wa
very extensively engaged in Manufactures. and BIZ
investments were remarkably judiciOus aud fora !
nate He kept schedule of them in book, whicl |
line showing what dividend (if any he received
a certain stock. and where none was paid, Az
fact Likewise appeared. He was interested in SOM
twenty or thirty companies, which were al |.
scribed on this book. The average of his dyidenh
on the whole, running through a series OF SOM
twenty years, was just about seven per cent. An
be assured us that where one stakeholder had beel
so fortunate as be, a number had Jared worse.
ii. The stocks of many leading and eminent mar
ufacturing companies of New-Engand are rgp
larly bought ard sold at the Boston Exchange, nl
quoted in the bulletins of the Stock Board.
small proportion sell above par, but the largs
lumber decidedly below. And this account
course, excludes the embarrassed or suspenda
mills whose stocks will not sell at all.
ILL., There are " Oolen Factories now stsnda
idle all over the country, with some Cotton sa
other such. They are OF course discredted All
deprecstng by reason of this suspension. Ii thel
could make one per cent profit By running-nay,
they could be made to pay expenses-their ownsn
would run them, il only to keep their h,nds to
getber and obtain rents for their boarding house.
Yet they stand still-and why Is there mOn
than one answer
We have discussed this subject more fully than
we had intended; bat no matter. We believe the
great mass of Wool growers arc willing to "liUs
aid let liye:" if they arc not We sure the ruiz
hey invoke upon others will in turn fall upa
themselves.