Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1859-01-24

| This shows that after the repeal of the tariff,
in '46, the manufacture actually receded 1877
900 bales equal to "A per cent; and, even now,
otter the lapse of twelve years, it will not prob
ably exceed that of 1847. Some new mills, it
is true, have been erected, but about as many
have been worn out and burnt down. While,
II this interest had grown pari passu with the
cotton growing, we should now be running
double our present number of spindles 1t would
require four times the whole number of spin
dies running in this country to work up simply
the annual increase of the cotton crop since '46
How, then, can it be said that our manufac-
turers have overdone the business? Doubt
less, there has been corresponding increase of
spindes sone,chere, for it is well known that the
demand for cotton has kept pace with the pro
duction, and the price been fully sustained.
But that increase has not been in this country
1t has been chiefly in England, If it had
been here as sound policy required, it would
have added two hundred millions to our manu-
featuring capital, one hundred and fifty mil
lions to our annual products, given employ.
plus produce, and greatly checked the terrible
revulsion of 1857
1t is remarkable fact that notwithstanding
this rapid and enormous increase of the cotton
crop, the price, instead of declining, has ad-
vanced in nearly the same ratio. The valua-
ton of the crop in 1876 was forty-three mil
lion dollars; in 1852 it was one hundred
and thirty-six millions-an increase of over 200
per cent. This accounts for the high degree
OF prosperity in the cotton-growing States,
and the rapid advance in slave property
OF the growth Of other agricultural pro-
ducts, especially corn and wheat, ! might adj
duce equally astonishing statistics, but it is
unnecessary. For the growth of the CONNER
cial interest need only point to one great,
staring, papable fact-New York Whose
shipping in 1916 was 1000 tons, and in 1856,
1,736,000 tons-an increase of 200 per cent. in
ten years, and whose valuation in 1856 was
5l4,000000 dollars
! have thus far, in speaking of manufactures,
only named cotton, which has probably been
as successful and as extensive as any How
is it with the wooden Not a yard believe,
of broadcloth, is now made in the country
That branch has been killed off entirely and
yet, in the face of these statistical facts, which
cannot be gain-sayed, proving as they do, that
while agriculture and commerce have increas-
ed at the rate of two hundred per cent. in ten
years, manufactures have not advanced at all,
and barely maintained feeble and sickly ex-
istence We hearit constantly asserted that the
manufacturing. interest has grown too fast and
the business is overdone. In the eyes of the
importer, no doubt this business has been over
done, and always will seem so, so long as a
mill wheel turns in our country for his interest
requires that all our goods should be imported.
But the country have yet to learn, what all
our early and greatest statesmen agreed in
maintaining, that the three columns of our
national prosperity, above named, are all
equally essential-that if either be removed
the safety of the whole is endangered and that
hereafter our permanent prosperity can only
be secured by re-estabishing the feeble, crippled
column of manufactures in its true position and
relative proportion.
Otherwise, we shall, as in times past, be
subject to frequent Jars and tremulous quak-
ings, and occasionally, when the burden is
heavy, to complete crush down of the whole
edifce, as in 81.
In my next propose to speak of the true
cause of that revulsion-which l have never
seen fairly stated. ARKwRIGHr.