Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-05-19
southern wealth and northern Profits.

-
OF MASSACHUSETTS,
--E=szus-zrz-
Southern wealth and Northern Profits.
A book with the above tile by Thomas Prentice Ret-
tell wen known commercial authority, and since the
death OF Freeman Hunt probably the abcst commercial
writer i'm the country, has given rise to considerable dis
cu,-io1 calculated 90 have beneficial eject His reason
i1- and statistics coac.usyey show that tbe available
wealth Of the country che products of che Souti but
that Tor want Of commercial and manufacturing enter
prise ia the South the profits largely moaopoIzed by
the North 70 shows le North that without che products
of slave labor her looms would rus. aud f 90 pieces
her ships TO, her vhlrye-, aud her cities snd viii
lagos decay until grass would grow o heruo0 thro1g,d
Streets DO shows the South chat she may relieve herself
from hateful dependence upon her Northern abolition
reye-s-the men who are rolling ia LUXURY and wealth
derived from the products of am Institution they coutnu
ally libel usrcpreseut and profess 90 regard With hor
ror-aud shows that the cultivation and promotion Of
direct trade and manufactures is the way 90 accomplish
this object 1, points on, the way, TOO, 20 bring ,be
North 70 It's senses. The Northern aboGto1'sts are
the most veull aud selfish people in the world
They are abolition pbilanthropists because abolition
Philanthropy is cheap 10 costs them nothing Out words
and breath To relieve the suffering poor 40 home costs
money, but 10 weep for the fncaI wrong Of the wei
fed happy and coa,eucj blacks cost nothing bu, tears
and is found 20 pay equally we and a the currency Of
political rewards even better Touch these Lypocrites in
tLeir pockets aud you humble them. Tasy VIII become
doc,e crirgns, ser,le Their infamous course shows
them made Of such stuff Le. the South determine TO
establish manufactures aud DO her own manufacturing
and build ships and DO her own carryrg-thus iuaggu
rating jirec, trade and the work is done Nor does
this involve any pec-ui-y sacrifice. I is ia fact au at-
sorpdon Of Northern Weai,a-a1 additional .,5m IN &.
riches Of doe South. We have before us 8u abstract ct
che last annual Statement. OF the Eagle Cotton }Iaaaac-
curing Company ofCo.eup1- Gs which sets forth, that
their factory began operation iu 1852 5at soon after
disaster 90 the dams caused loss Of seven months ta e.
added 90 which the difficulty and DELAY l1 procuring ard
tslcdlE operatives In community where al. had 20 he
Taught NIGH. fairly place the operations as beginning ia
1855 nov seven years. Notwithstanding the drawbacks
fog tte f--, five years. 5e insult ,e, water power Sc,
Tie Company have earned and divided
las.ges sIssmo 90
Have earned and d.siIaii1 cash 5.ssH u.
Aud retain undivided prof, stsI SD
Masir- total earnings. in seven years.
.itter having paid p.1r 90 Ist
SD .za %. I......... S.rs.tr1 s.
TIE corp,rv ts. .-.srs4 fec . ,,.,.,..--. I'd,
S2--Oa1 r,,- -... 81, ... -... 1.,.r.5 d., .-
i3s85
a.. ll per cent o-........ Sir --s .a
And reserved t.r t51tr-e..i... e..r .D
S-1srr s.
Tue f-.. investment L.,.r. been sf., -.. r.. r.yf
Iars OF .le wear I--- .f add .s ISL. OBJ D. 1.- f-
u1ou The doubled capital .rs-a-s -5 che s.5.kho-4es
o1e-laf of their investment" The rero., assert, that
tle business a iareat. divide e.. per cent pr aruuu
upon che actual Investment
Nt...tL "al power ''' I'l estate areas costly 1- ti
trg North and from fIn o. 1sfrr rra-.-. B.. .rrr .-
pear ia- Gre manufacturers D.-... commissions and