The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1859-10-22

semi annual dividends Of four or FIVE per
cent. If some ono should argue that
there could be no pinching poverty or
squalid misery in our City, because there
arc hundred residents in it who sever
ally enjoy incomes Of $4,000 to 100,
00O per annum, Tie Post would probably
deem the logic inconclusiyc.
We presume that tho annual product
Of all our Home Misunderstanding
the term in its broadest sensc--cannot
certainly fall short of Five Hundred Mil
lions per anum, while orr imports of For
eign Manufactures must range below
Two Hundred Millions. In other words
VIE are making at home three dollars worth
Of Wares and Fabrics for every dollars
worth We buy abroad. And We presume
those Home Manufactures are generally
produced ct a profit. individuals lose
and break in all branches of fabrication
but our manufactures are generally prose.
cuted at living profit, or they could
not be maintained.
! We arc agreed, then, ~ we under
stand The Post, tina. the Home Produc
ton Of our Wares and Fabrics, so far as
1t has yet been carried, is q good thing !;
W only differ as to the propriety, or per-
haps as to the means, Of carrying it fur
ther The Five Hundred Millions >
worth per annum of Cotton, Wooden and
o.hc, Fabrics, Stoves aud Hollow Ware,
Cut Nails, Edge Tools, Farm Implements,
! Locks, Bolts, Screws, Castings, Clocks,
&c, &c, that We now make, are ofie, ed
| cheaper to our cnstomers-in our view,
very much chearcr-than they would If
| imported Compare the average prices
ut which cur consumers obtain these arti.
c'cs with those at which they arealIorded
to the people Of Europe, and, taking
| quality into account, we are sure they
are cheaper here than elsewhere.
Let us illustrate our position by the
article of Stoves. We had occasion to
examine the large number and variety of
Stoves exhibited at the great World S
Exhibition in London, eight years ago
and We arc sure they, did no: compare in
excellence Of desi gu, nca,ness OF work
manship. nor even in cheapness, with
those exhibited last week at our State
Fair at Albany. The British plates were
twice as thick as they need or should be;
the wares were every way clumsy and
inelegent ~ compared with the New
. York stoves. We are confident that the
single Albany firm of Rathbone l. Co.,
which had thirty or forty different pat
terms Of stoves on exhibition, and whose
new . Good Samaritan - took the first
premium there, could very far excel any
similar manufac;ory in Europe. And
! this is but one among several concerns
/ engaged in the stove business at Albany,
! altogether employing two thousand men
! aud using twenty five thousand tuns OF
iron per unnum, Every year witnesses
new ard stirling improvements in this
branch OF American industry, though, its
excellence ha, long since put foreign com.
petition out of sight. This country i'm,
ports no stoves, but the market for Amer
/ lean stoves are constantly extending and
/ improving in Canada. Australia, and 9th
! or regions where our fabrics meet those
! OF Europe in open competition, So it is
! with Yankee Clocks SO with Drills and
! other substantial Cotton Fabrics. We
| believe the rule to be absolute that here
cv + in any field Of production American
/ genius and d zterity have been allowed,
for reasonable time, fair chance for
! development, uncrushcd and lHcrippled
hy Eu. apean competition, they have uni
f,r,,'r yin,!ica ed their superiority by
,roanc;r,. c',,"aper and better article
H. nror wa, - con',+ be imported. -
There may be exceptions to tins rule,
but we DO not know any
The Cotton manufactures ci!"d ~
TIE Post certainly form no exception -
Time was, when British experience, cap
itaI, and unlimited command of markets,
were too powerful for our infauss Cotton
manufactures which went down like grass
before them. But the Embargo, the
War, and finally Mr. Calhoun's Tariff of
1916, imposing heavy specific duty on
all Imported Cotton, equal to 100 per
cent. advalorcm, gave our manufacturers
IN place whereon to stand" aud now
they can ~ owe the world" So far as
plain Cotton fabrics are concerned. we
no more need Protection than frog
neads great coat. We sell all these
goods in China, in Brazil, in most open
markets, in fair competition with their
British counterparts, and would continue
to make them though the Tariff were Mt
terly abolished So with Flannels, with
satinets, and with many description Of
Woolens So with Edge Tools, Clocks,
Gut Nails, aud most kinds of castings
We should continue to manufacture most
Of these, and to make at profit, though
every cnstomhouse were tipped into the
ocean
But not 50, unhap.,ily, with Broad
cloths, with Silks, with Watches, with
the more deli ate Wares, and with laany
of the more costly and fashionable d..
scrlptlons OF Cotton, Linen, and mixed
Fabrics. Partly because of current pre-
sumption that the Foreign fabrics arc
the more tasteful and Of better quality
and hnIsh-a presumption which tends
ever to convert itself into reality-we
are still buying these mainly from abroad
buying them, ns we thinks to our ceun
try's serious injury and loss. We do
most earnestly teliere--and our faith is
founded on extensive inquiry aud care
full study--that our people might pro-
duee two.thirds Of the Metals. Wares
and Fabrics they now import, at real
cost lar below their prcsent--that We
should thus arrest the efflux of GOLD
which now drains us of the Precious Met |
as faster than California can produce
them--that we should stop running in
debt abroad and begin paying off the aw
fnl balance We already ove--apd that we |
should thus diminish the frequency and
modify the intensity Of what are blindly
termed Panics, and, while enforcing our |