“A few years since, the country smiths, and the matrons with their daughters at the household wheel and loom, were the principal manufacturers of America. Now the cotton mills alone are computed at one thousand, and the capital invested in manufacturing machinery at L23,500,000. The estimated value of some of the principal articles of manufacture is as follows:
Woollens, L15,750,000
Cotton, 11,250,000
Leather, 9,000,000
Hats and Caps, 3,575,000
Linen, 1,350,000
Paper, 1,350,000
Glass, 1,125,000
Iron and Steel, 11,250,000
“Some idea of the rapidity with which the American manufactures are now capable of being extended, may be formed from the past progress of the cotton manufacture. The consumption of raw cotton was,
In 1833, 196,000 bales. 1835, 236,700 " 1837, 246,000 " 1839, 276,000 "
“The United States already supply two-thirds of their own consumption of cottons. At the above rate of increase—of nearly fifty per cent, in five years—America will much more than supply its own market in five years to come. Never has the manufacturing interest of the United States been in as prosperous and sound a condition as at present. They need no high tariff to protect them against British competition. The English corn law is their best protection.”
It is the restrictive policy of Great Britain that has called into existence Lowell and the manufacturing cities of the United States, producing an immense amount of articles which were once the sole products of British industry and skill. If the same policy is continued, the prosperity of the United States will be impeded, but that of England will be destroyed.
The following is an extract from the memorial of Joshua Leavitt to Congress, on the wheat interests of the North Western States:
“Should it, indeed, come to be settled that there is to be no foreign market for these products, the fine country under contemplation is not, therefore, to be despaired of. Let the necessity once become apparent, and there will be but one mind among the people of the North-west. The same patriotism which carried our fathers through the self-denying non-importation agreements of the revolution, will produce a fixed determination to build up a home market, at every sacrifice. And it can be done. What has been done already in the way of manufactures, shows that it can be done. The recent application of the hot-blast with anthracite coal to the making of iron, and the discovery of a mine of natural steel, would be auxiliaries of immense value. We could draw to our factories the best workmen of Europe, attracted less by the temptation of wages, than by the desire to leave liberty and land as the inheritance of their children. But it would take a long time to