The New York herald., 1868-04-29

stewart
sorrel gelding S0rrel Dan to harness. Three hest1
| were trotted, all OF which were won by McClsilan
coss W eSa and Was only sss n1s s.
| neck. The Others were won easily.
AMERICAN INDUSTRIAL LEAGUE.
| The Lenguers in Council-The Chairman and
His speeci-Curious Questions Curiously
Discussed. sha4l.A rs sisAa
On the sth of My, 1851, a number OF gentlemen,
burdened with exceedingly patriotic tendencies,
incidentally engaged in the manufacture Of iron,
Steel woollen and cotton policies, paper In mining
&C, Jointly persuaded that the country, unless it
called on Congress with an exceeding loud voice to
put In force tariff that would protect home Inc
industry" would certainly 60 to ruin-poenbly
anarchy, followed by the thousand ills that actve
competition is heir to-convened at the Astor House,
These gentlemen, all firm believers in home pro,
duction to the exclusion Of that Of outside barbarans
upon exchanging views found to be OF about the
same ideal value, resolved that the country could
should and would be saved ana that as they had ex
hnmed nom the mouldering dsorfs Of the defunct
whig party the grand panacea for our peoples
political Ills, and that without "quacking' it over.
much specie payments might be resumed; the
national debt by some invention in hypothecation
all but tantamount to NqudatioD removed taxes on
manufactured goods reduced sweeping dividends
declared for every dollar invested in thome produc-
tion;' the langushing interests of the mills, the
mines, the forges, the agrcultrists the shipwghts
and bellows makers revived, and the millennium
| morally and commercially firmly established on
foundation which all the assaults Of that sforegu
| sustained" contrivaDce, the American Free Trade
| League, could not undermine
TO bring the deliberations Of the Astorftes into
something like shape two things were necessary-a
name and presiding Of1cer whose wealth, benevo-
lence and brfancy as an author orator and wit 1--WE
use this word lextcographcally) were known ana
admired by all the disciples Of Midas thro ughout the
land. 80 -
chrstened and sent before the world Of Utopia 'sne
American Industial League; and Peter Cooper,
wealthy and large hearted, the ready letter writer
OF the day. who is spending the evening Of long and
over the deliberations Of small but intensely active
Since the sth Of May 1867 industrial leagues have
been organized (subordinste to the parent society
in Pennsylvania, Of which Hon. Daniel j. Morrell
district, President Of the First National Bank Of
Johnstown, Superintendent of the Cambria Iron
Works, and member Of the firm of Wood Morrell b
Coz Is chairman In Ohio, Of which A. B. Stone IL
ana ens II sGngan over INV which Ward
Morrell as an advocate OF American industry cannot
be questioned. IN 2 speech in the House Of Repre-
sentatyes on the 25th of January he expressed him
self desrous Of befrending the sind1strial Inter
estsr Of papermakers and bank note engravers BY
value TO gold an increase In the volume Of the paper
money In circulation Of $2Oo, 900, 900.
as Mr. Morrel and others of his colleagues entertain
was not on the programme of the industrial"
ieaguefs; Dut somehow suspicion has gone abroad
that the originators-the more prominent Of them
are In what Is known at the NATIONAL capital as the
SS s Mc HEpsa nanSS@
OF those curious paraelograms printed in colors,
having pictures OF the Landing OF Columbus &c:,
on their back, and variously marked co., 40"
go" "5o," "loo," 5oO' and 81, 1,OOo'-dollars.
This is not not the only suspicion attached e the
:, :. main question",.-rargent: vice PresIdens Ben
J. a. Griswold and others patronize them. ..ll 10
Yesterday there were number OF these leaguers
call from their President, who, by way OF opening
proceedings, read speech in which the labors Of
'loudlys noticed in the very Introduction. 'A ""''
1--WE are on the eve Of new administratlono AK
claimed the venerable Chairman, (which we have
reason to believe will be characterized BY q marked
and peculiar anxiety to restore the public confidence
varied industries of the nation we belIeve that me
man who, we hope, will soon stand at the helm OF
that administration win surround himself with men
In full sympathy with every Industrial interest Les
US, then, give word not only OF counsel, but en-
couragement to the man to whose hands may so
soon de cOnhded the guidance of the ship of Staten
The philosopher OF the brarl-bread journal OF this
city at the other end Of the table, his eyes half closed
smiled when he heard these words; and the speaker
adjusted his spectacles and looked benignantly at
OF the apartment, and renewed his speech; bat it
were useless to follow him closely. Ii will suice to
illustrative Of the beauties Of the mummy sProec
ton to American Industry" which had been taken
Efforts Of Henry Clay Danie webster consumed Rs ' ~
when the mental world revolved the metaphysical
axis set up In the "port Of Boston":-
"Ine three years which have thus passed (snce
Lees surrender) have been marked by enormous, I'M
precedented importattons OF goods, the product Of
tries Gil our cotton, coin and other OF our products
that they would purchases; have paid them all the
we have paid them twelve hundred millions OF dol,
lars worth OF our State railroad and national sccur-
ties, which Europe now holds ana upon which she
receives annual interest aud we are stii paving her
ali the precious metals we obtain from our mnes.
Mex we know, gentlemen continued the poly,president,
that the national debt, the price paid for the
nations life % can oily be paid by the labor Of the
people OF the United states, by increasing the
production OF the country and securing the indus.
trial prosperity OF all classes OF citizens and yet
tne policy which we advocate Of pro iecting and
Is resisted and ridiculed by In public position
and large holders Of national securities as eli
seaboard cities, whose pecuniary inteIesSs as i'm.
porter agents and merchants, are directly and deep
y Identified with those OF the manufacturers Great
Britain anu continental Europe; and SO we and cf-
forts, jealous aud persistent, being made to CIR
onate ona among the masses Of our people the unsound
an an immediate return 70 specie payment while
s"me we are debtor uIra9 nasgn ons 70 s on % nsa 81
States State, railroad and municipal securities,
which we az are paying Interest to foreign nations Win
ing the year 1867 Now what We require for healthy
resumption OF specie payments is a relief from al
excessive internal taxation, with such an adjustment
OF duties ON foreign Imports as Will bring the bal
ance OF trade IN favor Of the United Staics.o
When Mr.. Cooper had concluded his address gen
ueman named Trowbridgc spoke on tho wonderful
success which had attended the efforts League.
Ohio had been educated by its tracts, witch
had been distributed broadcast by its agents,
and the taxes on manufactured goods had
been greatly reduced-t13o 100000. In the
two years that had followed tbc c!ose
Of the war, continued the speaker the national debt
was reduced $3.50 900 900 but this reduction was po
wanted. The debt, he asserted would pay Itself IN
time; only protect native industryn ana all would
be well by industry we thriye1, and il tic meeting
would but raise flnds the grand sohcne of saviuI