This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1902 edition. Excerpt: ...to a slight increase of duties on the part of the anti-protectionists was not strong. and a new tariff bill was passed on August 30, 1842, which increased the duties upon cotton bagging to four cents a square yard, and upon cotton cloth, yarns, etc., to 25 to 30 per cent. The change had the effect of increasing customs receipts, but the agitation increased, and on July 30, 1846, a revenue tariff was adopted which reduced the duties on cotton goods generally from 30 to 25 per cent. If the statistics of cotton manufacture of 1840 and 1850 are correct in each instance, the industry lost ground in this State during the decade. The figures for 1850 report 158 manufactories with a capital of $6,675,000, employing 10,875 persons, and producing goods valued at $6,447,120. The value of cotton products in the whole country had increased from $46,000,000 to $61,000,000, and the number of persons employed from 72,000 to 92,000. The secret of the diminished figures for this State may lie in the fact that woolen manufacturing here was largely increased during the decade, and it appears that some'niills changed from cotton to woolen. Manufacturing and nearly all other industries were very prosperous during the decade between 1850 and 1860. Factories were multiplied in number or enlarged. In this small State, where the water power of the streams had been generally put in use already, the tendency was to increase the capacity of old mills, rather than to establish new ones. Manufactures generally were so prosperous that the tariff, whose average rate had been reduced in 1846 from 33 per cent. to 24 per eent., was reduced still further in 1857 to about 19 per cent. The duties upon cotton fabrics, yarn, etc., were reduced from 15 to 24 per cent. The passage...