, 1866-01-24

u WeA y! E1pllalt tn1k tnE money
Men Of hbeFsl mems utnal1y prefer TO lend tnetr
money q = coed rste Of interest," which ia alwsys
in he towns md cities whers they rsside Or n I'll
estate Investments, because they are qualified by
esa 10 S
10 inTett their capathl tn manufactures, bus never
until tie manIlac!nEint Interests ale placed upon !
the policy Of protection paccs the manutaetur1pr
interests upon the most unrr3iahlo basis possible
ard that The by which protection E sought
to be justified, tend to mislead the public mind |
regarding THAI branch Of industry, and to dscour-
ase capt7iists, Ignorant Of the business, from |
engas1ng IN II 1he eaPttal!at knoNs that under |
this profectlTa tariR manufacturer arc realizing
fabulous returns upon their capital, bat be aiso
Knows that the principle Of protection Is wong,
TINE Be stKs himself wbctEer E the ,nvesrment n sn
will prove rcmuncrative allcr protection Is DIS
easasd! 81 III, II @ g. he might bs willing to invest.
details, and really unable to figure out for hmsef
whether the investment will be- profitable one not
when me ontiaers qf the country L. brought haek
busnear, who Is impeiied BY the protective d pol,ey
to dsf9a1ase a so1psi1,,on ard !. ,old 1 viii not
to satisfactory conclusion as to the precise OF
probable returns be will receive, be prefers 10 en-.
rIo{ h1s espi,al ss hs alEays by employed il IN
when he has experience, leads him 10 believe Ger
tAlnly profitable. THIS Mould lea7e our nanufhc
luttts g ing elo* Gefelopuent which could be
already engaged In them. Lett 10 This SLOW develop
ment they will be farther behind the deyeIonment
a., q ne county one hundred Years nom now than
Under 4 low tauH, the manufacturer mu.t be
snoIce,ed 70 healthy coupenton. and would loon
active and Of extending Il in cver7 possible dIrec
tton u order to make up BY increased saes Whist he
losss ,onss by asc..ased profs- This would require
atlng with him men possessing this capital lie
Ton,d d @ thsn es'ne out a books md supply the cap
eaa1e h. as sa e. sn
capitalist would consider thai The msuufactnrtn'.
hon; fhai Its ptu1ts ne;c profits made unneF thr
most unavota bic circumstances By which Ii could
ss surrounded; @ and that what 1t va. making to-
Under such circumstances q I'LL. be worid stnnd
ready 10 inyest bis money, The peimauancY a. TeiI
a. nc proat tths tnseatmens, making il preferable
Another objection ursea against modidc.tinn -
me tafl1 H. tnat It Viii lesd 70 the reduction Of tne
pupIe Fa,ennes Now. thls Is simply no objection
revenues dehred rum trupost1. TIE REDUCTION nf ibe
!a1n aaoatd lead to N actaal tncrcase, md nader
e1 would ned revenue
onl OF the country, md al know t6st tm1oais A.
collected rom the Foods which come fr, aud thst
10 s dns eoses 81 Soa E11ds shse
present protective tasiH has Yielded IN unusually
asge revenue, mnch Larger than the lower tar1tS
which preceded It. This much I admit heesnseI
1are no desire to conoea, Of dlstors nct bnt Do
1ot admit, hy xny mcanr, hat Under
PRIMARY c1framstaneea It would do 10.
LeL me briefly e14mine the seasou1 ior these |
atge revenue returns. Cotton and Toolen eooas
~ ss sPsprys during ths in
here vas Scarcely \ hmily IL The county ba1
x, aso more Or less OF these goods which lhe! hsa
10. p1reha.ed beea1se Of the high prices, .n1 tns
:rery one diRPo.ed - husband lher resoases ne
,on11ie. soat5 Which MIGHT CONS upon tseI Ind ,ne
xa,drobes md beds OF every Emily nsedfa ~ WI
.bine, The sudden conclude. meomnicteS,
;relored public conadence n0oss ..,,f nrcp1Inm
eadna to copsidesabla o. FsauodaPnt ad ta9oashous ~
berg Nss brl,k demand re- a,1lies md anII6as to
ss =, aesss ss' 1 afsga ssg
RAd IN urgent dcarf.r Now II No happened
,R11R np ~ III HsT England bad been largely sn
as, xsssd nS = h iss h0unesua Of a5 goods and saA