“The worsted manufacture of the United States is comparatively
of recent origin, but it has made very rapid progress during
the past ten or twelve years, the _high tariff having greatly
stimulated its development_.” (Report of Philadelphia Exhibition.
Mr. H. Mitchel, Member of Bradford Chamber of Commerce.)
“America is not only supplying her own country with goods, but
exporting her manufactures to such an extent that she has become
a powerful rival to England.” (Mr. Mundella, Nov. 21, 1874.)
“There is no time to be lost if we mean to hold our own in
the hardware trade.” (J. Anderson’s Report on Philadelphia
Exhibition.)
“For years Sheffield has supplied not only our own country,
but nearly the whole world. The monopoly remains with us no
longer. It would be foolish not to recognize the fact that at
Philadelphia Great Britain was in the face of a powerful rival in
manufactures.” (Report on Philadelphia Exhibition--D. McHardy.)
Some idea of the increase of American manufacture may be found in
the example of two items--Paper and Carpets.
Value of paper imported into the United States--
In 1870 = £145,000
1876 = 4,000
Value of exports of paper--
1869 = 750
1876 = 162,000
Tapestry carpet imported into the United States--
1872 = 2,754,000 yards.
1879 = 23,900 ”
FOOTNOTES:
[25] ‘Political Economy,’ by Mill, Bk. I. Chap. V.
[26] ‘Statesman’s Yearbook,’ 1883, p. 257.
[27] ‘Whitaker’s Almanack,’ 1883, p. 254.
[28] ‘Statesman’s Yearbook,’ 1883. p. 257.
[29] Albert Leffingwell.
CHAPTER VIII.
FALSE PROPHETS OF JUGERNATH.
The truth of a religion may perhaps be gauged by the fulfilment of
the utterances of its prophets. Let us analyze some of these.
_Prophecy._ _Fulfilment_.
Even the _free_ importation of Total importations of wheat
foreign corn could very little in 1881 = 17,000,000 quarters
affect the interest of the farmers as against 23,728 prophesied by
of Great Britain.... If there Adam Smith.
were no bounty, less corn would
be exported, so it is probable
that, one year with another, _less
corn would be imported than at
present_.... The average quantity
imported one year with another
amounts only to 23,728 quarters.
(Wealth of Nations, by Adam
Smith, Bk. IV, Chap. II.)
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