The New York World thus enumerates the seven blessings conferred upon the United States by thirteen years of protection to native industry :—" 1, Universal strikes ; hundreds of thousands of working men cut of employment, and an immense increase of pauperism and consequent crime. 2. A falling oft" of immigration to the extent of ;"0 per cent. A stream of emigrants from the United States to - Europe, nearly 1000 having left during the week ending November 21st, from the port of New York alone. 3. A total stagnation in the woollen, cotton, and iron industries, the price of wages reduced, and mills running only four days in the week. 4. A plethora of money (such as it is), which can be had for three or four per cent on call, which no one is crazy enough to invest in manufacturing enterprises. 5. Almost general stagnation in the wholesale and retail trades. (5. An unprecedented falling off of imports, which threatens the revenue with a deficit, while it gives the lie to the theory that diminished imports make home industiies prosperous. 7. A ruiued export trade for all kiuds of mauufacturee."
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Bibliographic details
Globe, Volume III, Issue 229, 4 March 1875, Page 3
Word Count
189Untitled Globe, Volume III, Issue 229, 4 March 1875, Page 3
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