or humane to favor policy which would dimin-
{"character_count": 2838, "word_count": 495, "ccnet_language_score": [0.9510999917984009], "ccnet_perplexity": [1587.9000244140625], "fasttext_language": ["en"]}
or humane to favor policy which would diiliih-
ish such towns as Lowell and enlarge such as
Manchester, Preston and Glasgow. THIS Is Tue
practical question. And, while the laborers oi
England have, under all changes OF policy, peeli
yearly sinking into deeper and deeper ablec'ness
and despair. owing to causes far beyond the
reach of any policy We may pursue, we rejoice
in beinq able 10 state that the Working Men ana
Women of Lowell have very large and genera
deposites in the Savings Bank of that place and
that theuare becoming large opaers ct STOCK IN
the CorporGtioas for tod.ch they ,cork-ln one
already 10 the extent of 100000, IN another TO
the amount of 100000, SC Sc Here IS the
germ OF the true and genial Reform which we
hope to see become universal, and which, when
it shall have resulted in making the Workmen
large and general owners Of Stock in the est&b-
lishments IN which they are employed, sharing


fairly in Their profits, Will put an e1ectua stop to
the dennagogue resort of exciting laborers against
employers, to the injury and ruin of both


One word on the prcfts Of Manufacturing,
and we close The very Frce-T Trade journals
which morazed with ill-concealcd e1utatlon,
over the reported failures OF the Saugertles Iron
Works. OF Senator SInmonss Calico Works, & c,
as showing the delusiveness OF Protection and OF
the hopes Of benefit 10 Manufacturers from the Ia
riff. have since made the land ring with their pro-
clamations that the Manufacturers under the Pro
lection Of this Tariff, are making profits OF - to
40 per cent The excuse for this falsehOod IS
the alleged fact that the Mcrrimac at Lowell and
one or two other Companies have made heavy
dividends this year Now, the Merrimac Is the
Oldest establishment at Lowell, with extensive
and valuable connexions, is engaged IN Printing
CaIicoes, (thc same business which Senator
Simmons failed in this year, having capital OF
Two Millions of Dollars, and thus able TO supply
the market when it is favorable and withhold its
goods when otherwise, just as the Harpcrs make
money by publishing, when younger and weaker
houses go down all around them. Calico Print
ing is either a good or very bad business; the
Mcrrimac Company have this year and usually
made it good one. But the average dic'dends
Of tie Lo,cclL Companies hare not been SEVEN
per cent this year nor areragcd FIVE per cent.
since they 1oere established-probably not four.
We have read over the list of dividends received
by one Of the heaviest owners Of Manufacturing
Stocks in Boston, whose investments have been
made wisely and well and his dividends do not
average seven per cent. this year, while for the
three preceding they fell below five There are
very few who have done better, while many have
Jared worse than he But it is useless to dwell
farther on this branch of the subject.