Daily Kennebec journal., 1875-10-28
FOREIGN NARKETS AND 1ATlFAC'
TTRES.

ICRES.
1t appears now highly probable that
American manufactures will seek aoroad
permanent and widening markets Inc
oyer.s,ocking o. our home markets anu
tho dpllness of trade and business are
LEADING to such an attempt. A lew Gays
.oo was cbronicled the first expectation Oh
American manufactured cotton goods 10
Manchester. England. Since then we
have reports of other expectations.
If these were simply efforts TO make
sales-.ef surplus stocks, the enterprise
might be regarded as of a temporary char
,c,er hut it seems that our means of pro-
,lnction and the improved character of our
goods are such that we can compete Tor
the markets of the world with other coun-
tries. and that the movement now initiated
will take that shape. This fact was
brought out at political meeting in New
Bedford, Mass, last Saturday evening, in
speech delivered by Mr.. Rice. the repnb-
lican candidate for Governor.
Abiding to the depression in the manu-
featuring interests of the State, Mr.. Rlce
argued that improvements in machinery
ECONOMY in management. with the increas-
ing skill of our labor, would result in
degree OF perfection of manufactured arti-
Giles, and in selling prices which would
enable us to export our products, thus Off
setting and lessening our imports, anc
finding profitable market for the present
oyerproduction and future increase, ad-
ding that he believed the event he predict
cd was not far distant
At this juncture, it is said. he was inter-
ruptcd by the venerable Mr. GrlndIe OF
New Bedford, President of the Wamsutta
Mills, which are said to contain more spin
dies than any other mill in the country,
who said he desired to state in confirma-
ton Of the argument he had listened to,
that his mill has within few days made
its first shipment Of manufactured goods
to a foreign market.
Another mill manager then arose and
informed the meeting that he wished to
add his testimony as his company had just
made its first shipment; while third gen
tleman stated that he represented iron in
terests which had like story to tell OF
their products.
Now these are important facts. II the
dull times teach us that we can find profita-
BILE foreign markets for our manufactures,
they will have accomplished one good
thing to offset the evil produced. Surely
If with our debased currency and heavy
taxation we can sell at living rates our
goods abroad in these times. we need not
fear that when we have returned TO specie
payments and our taxes have been re-
duced, American skill. ingenuity and en-
terprise will be sufficient to enable us to
compete successfully for foreign trade.
Already there are many kinds of maufac-
lures in which we beat the world, an ex-
ample of which may be found in our edge
tools and agricultural implements. which
our neighbors in Canada are glad to buy
Of US for their numbering and farming op-
erations, and which may be found in all
nations where they can he obtained and
such articles are used.
1t is to the credit Of the republican par
ty that il has been the steadfast support of
our hcme manufactures. They have
grown under its fostering care. In the
early days of the democratic party they re-
ceived some encouragement from that Or
ganizaticn through the influence ofits most
sagacious statesmen, but in these latter
days the democrats have spent their efforts
in another direction, not forgetting this
last year to do what they could to enhance
the evils of the hard times, to spread dis
content among the laborers, and to debase
still farther the currency Of unlimited is
sues of paper money, the effect of which
would be disastrous to manufactures as
to all other business interests.