Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1859-06-16
Correspondence of the Daily Spy.
LETTER FROM NEWPORT.

Parties" American" Republican and Ms
take oftie Providence jourad-Ne,Cpan.
NEWPORT, Il. l., June A.
Rhode Island may be called, emphatically,
the manufacturing State, having undoubtedly
a larger amount of capital invested in the cot
ton manufacture proportion to its population,
than any other State i'll the Union. OF this
great business Providence is the centre, and,
to it, owes its rapid growth and general pros
perity. The cotton manufacture, at the pres
ent time, is i'll fiourishing state, having an
ample demand and commanding very remu-
nerating prices. The natural consequence
would seem to be, easy and prosperous times
in the business community of Providence.
Such would be the case but for the recent fall
in the prices of cotton the great staple of trade
in that market. 1t is somewhat peculiar cir
cumstance, that, while the goods manufactured
in the State are mostly sold in New York,
Philadelphia SC, the raw material is purchas-
ed, by the mill owners, in Providence. The
cotton factors in that city, during the decline
in prices, have had very heavy stocks on hand,
partly held on their own account, and partly
on account of consignors for whom they have
accepted heavily, in anticipation of the funds
to be realized from sales. This places them in
an embarrassing position; for they must meet
their acceptances when they become due, eth
er by selling at the reduced rates. which it is
hoped is not a permanent decline, or by pro-
vidinU funds for thp nurnosa in soma otber
mode Thus q nrass,ra on the money rns1,I,ot
is nroduced which moro or los 3ffncfs ali
other branches Of business, but which is most
severely felt by those in the cotton trade. The
extent to which the community must suffer by
it, cannot yet be predicted, but it is to be hop
ed that the large capital engaged in the bust
tbe cotton mannfacturr Will aid tn rsrry al
through tbe crisis without anv very disastrous
results.
Politics are somewhat excitino in Rhode Is.
land. AT the present time and Are not = TttIc
cn,nnIicotod Yon ora oI,,aro thnt a. ~
recent election tbnro was faiIrro ' to oioot
Renrosontativo IN Congrass in tho Eas+orn
District in conseo,anro of tbaro hoin,r tbroa
narties in tho fold the RanmbiransS sfsnd;ng
simnlv on the Philadelnhia pIatfnrm with no
other issre sunnortin5r as thoir con,i;io+o
Thos davis Who has 6onro roTrosontod tSn
District With oreat ability on tho door Of Con- ON,
gress the 4 oerjc,n Ra1ublican NAVY,
inc as ito Iaoding nrincinIn onnnSit;Hn ~ tba
Ai,nistrotion bnt Nv tho non,o IL bos U.s.
snmnd v;rtnoIIy en3or:ipg that hono nf o,,r
nnI;tics Know othingism viii Cbrista,,Iar
Pnhins1n No 49, 2,"nai of ti,n s.
to,, It's oo1d;Jo+a nnJ Tho Darlonrat;o 49,
+ go - - ~ ,pi -
Ill ~ tioI w 'oI ~"
@ .ie'' ~ d III"
10y si,,i 40 u Pt,'i.3 eleCes AZ VliG "tAt
~ eI WIZ ','Me Pl,'to ~ "eGA, ms
~. ,l,,IiiI - '',I oiootio
ii';S ''i 'OI e7s ~ WY 'oi ,?
81 ms Ie.'So'iS ~ a i:,'liy "u
ileu ii'Iiiel loi ncl Nltuld"lls iI III, tlie GU.
FaSS uiiuer Such circumstances 1hey arc III
substance 'ilat 70 40 So WoIlu oe all aDa1doh-
inelit Ci tie hepuDhGah platlorih, Withdraw
country, anu virtual endorsement Oh Ine as
organization OF the party IN tins State, by IN
cooperating mo IT, principles antagohlSuc
70 us own
IN lllls cohhectloh' WISH TO correct ms
0''tculeii' VI u illttGr Oh Itct, winch mas Deeh
IePeateuiy llaue III tile providence journal, no
uouot unuer miSaPPrehenslon as to the true
state VI tilG eaSe' AIiaV journal mas Saia' %nat,
III G'Nlng the name name OF the Amcfc4a hepu6I-
I"n P@Ity' Ill hlooe asiahq, they hau put lol-
yie eA"iii ne Vi tIe hepuoliToh party III
,iassociiusettS ms Is not So me party IN
massachusetts never has even Oy implication,
1"nc'loneu 'Ile %P!Iic9tioh Oh tiaV name 10 IT,
ItIeEer coulu ~ uo II WITHOUT uiFiulnS Gle party
anu uiI w Vi! tiu' Portiou WHICH mas 9ceI
ii'ost eiiclcuI Ill ouii''iil9 up anu 10 winch
:. o"ts 1"lSe slisiS " ~ tle"llty 'D'i
O.. ~, ,naaI,ti,,
%I,tJ IA IN ~,
o PIe u IoI ,op iI of tS oNo
and tho roinIntio ,dSsaJ tio convetioi, r,.o
"isaI os roUortod Rt f tho bS, bod
iaS aR+ +a 01 wy -
,,artio ~ o 80 So
and a rord
;oon1 bnfore tIe 1yord sRennblcon ;, and il
,,-as 90 nnhIishad in snch of tha miners of RIOS.
tom rs had heen involved in fine Know Nothing
movement Whether these naners we're oriSo
inally cognizant Of the fraud and inyoIY.
ed in it, or not, | do not pretend to iudge
Public attention was called 10 the fact at he
time, by one of the papers in your citv-the
Spy, | believe-and have never seen in one
of those papers any explanation of the matter
| or any apology or excuse for their connection