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? or Protect the Manu- fac,urer-An exchange
piper states that the Merrimac COMPANY. of Low.
ell, who have capt al of S2,CCO 600 have in
three months divided $4OO, O,OoO-equal to 90 per
cent, besides reserving for depreciation. &C.,
$4,000. Rather better business than farming.
these times. sSS


What argument can the wings offer why we
should be taxed to enable these capitalists of the
North 10 dra " such dividends