New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-06-19
Aep1lork Dailp Gribm,te
FROM BOS TON.
rom An Occasional Correspondent.

From An Occasional Correspondent
BOsTOS, June II, 1859.
There has been very sensible pamphlet pub
lished here lately by Mr. f. b. Bigelow, on the
Manufacturing system Of New-England, and par
ticularly of Massachusetts, | need cay nothing
more in its favor to the intelligent portion OF
your readers than that it agrees substantially, with
the doctrines have myself more than once laid
down on the subject in my letters. Mr.. Bigelow ls
a man who knows whereof be afirns, masmucn ae
he has been identified with the Manufacturing in-
terett Of Massachusetts, and Of the world, for tDa'
matter, for many years. lie has enriched nanknd,
and himself also, which Is not the case with all
inventors by sundry inventions and improvements
in manufacturing processes. For his carpet-weaV-
ing invention I have been told, he received hun
drcd thousand dollars from Mr.. Cr0ssey, the great
carpet weaver OF Halifax, England, and NJ. l. Tor
that place And if must have been greatly remr-
neratiye in this country, and probably IN others.
Know nothing about these things, however; Dut
ALWAYS lock upon him with the respect Yankee
naturally feels for ANYBODY that has made money,
increased by the consideration that il 10 more than
moderate remuneration for great and substantial
benefits To mankind. One successful mechancai
inventor ia worth more than all the StockJobbers
that ever cheated one another, and called 1t business
since stock jobbng was invented
MIR BigelOw demonstrates the mischets of the
Corporation system Of carrying manufactures,
which is essentially wasteiul, exrayagdn and ruin
Gus. He counsels n gradual transferring OF the
factories 70 private cdptdlsts, or to companies con-
stiluted Oh the principle which has been ap-
piled TO trade by the permission of special Par.heE-
ships That u, as | understand ~ persons con
tributirg certain proportion OF capital shhl De
liable TO that extent only and receive certain To-
eral percentage of profits, while the general part
ners who shall actually conduct the concern shall b.
ucrsonaly liable for all the debts, and shall make rs
much profit, beyond tie interest p1id Ia t1e SpecIA
partners as they can for them .e'cs. nus - frV-
nited by recent Jaw Of tbs State, and II Is TO b5
hoped that the great companies Wh'c1 nave survived
the storm of last year viii gradually tahe 10 'neAl-
selves this shape and provide their splendid apPa-
ratus with tie keen eyes of masters shaIPen'd %
personal interest to py oui aud apply these minute
economies Of labOr-Saying which alone can maze
the business renuneratNe. As far IS my personal
knowledge extends and as my inquiries have gope,
almost all the individual manufacturers, Wly arc
their own resident and selling agents aud pTesl lens
and secretaries and directors and trcaSu'ers, have
held the If OWN very well. They have suffered losses
and had their business cut down and cnt Oh, 81
course; but believe scarcely any OF those who
actually owned their establishments free from debt,
and carried them themselves have become bank
rupts and they will 90 with increased prosperity,
as soon as business reyiyes again. The sane prn-
cplc ofminute supervision and constant personal al
tcntOp, quckened b. selfinterest, must inform the
great companies, or they must 90 d1wn to a yet
lower depth of public contempt aud individual IN
poyerishmeni And THE never can be- dOae on TIE
present system of carrying the business by hired
( agents.
Indeed, setting aside the corporations which have
gone to utter destruction, and swept 30 many wor-
,hy people with them, and looking only at the cor
poratons which still survive, it is dcmonstrable
that they have only needed skillfu oversight and IN
five even under the present tariff For they, all of
them, have made enough to pay salaries and com
missions to treasurers and buying aud seog agents
and all the rest of that tribe, and this alone would
be no bad return on the capital, TO men who DID
these tbir 20 for themselves even II They man'fed