of diligence, the young couple may swell their establishment to any extent they please, without those doubts and fears, those anxious misgivings, which attend the setting out of children in older and more thickly peopled countries! In America, an urchin, before he is much bigger than a cotton bobbin, is turned to some use. By and by, when he gets tired of school, he turns mutineer, buys an axe, and scampers off to the western forests, where he squats down on the first piece of land which pleases him. He forthwith marries, and rears up a nest-full of children; who, in due course of time, play a similar round of independent pranks, and reap the same roving sort of success, in the same broad world which is all before them, where to choose their place of unquiet rest.

On the 13th October, at six o'clock in the morning, I was awakened by the bell which tolled the people to their work, and on looking from the window, saw the whole space between the Factories' and the village speckled over with girls, nicely dressed, and glittering with bright shawls and showy-coloured gowns, and gay bonnets, all streaming along to their business, with an air of lightness, and an elasticity of step, implying an obvious desire to get to their work.

I

from this

was called away gay scene by a summons from our host to accompany him in his gig

to inspect the hydraulic works, Anglicé, the milldam, by which the water is brought from the river above the Falls to the manufactories, which stand a mile or two below the cascade. Every thing hereabouts looked determined and business-like, as if the whole had been guided by one clear head. A stream capable of giving motion to forty or fifty cotton-mills was brought through the forest to a reservoir, from whence it was distributed at pleasure to the numerous establishments starting up on every hand. Several school-houses were pointed out to me, and no less than three churches;-besides innumerable boarding-houses, taverns, newspaper offices, watch-makers, book-shops, hatters, comb-makers, and all the family of Stores, every one of them as fresh and new as if the bricks had been in the mould but yesterday.

I was much pleased to see a great brewery starting up like a Leviathan, amongst this small fry of buildings; and still more pleased when I learnt from my friend that there were hopes of being able to substitute malt liquor among the cotton-mill population, in place of the abominable ardent spirits so lamentably prevalent elsewhere.

I walked over these flourishing establishments, I can honestly say, without any admixture of jealousy; though, had I thought the success of Lowell likely to prove seriously detrimental to

Manchester or Preston, I am not such a furious citizen of the world, or itinerant philanthropist, as to have viewed its progress with unmixed pleasure. But I had no such fears. These industrious people, it must be recollected, are manufacturing for their own home markets; and I imagine a very large proportion of the English manufactures are likewise made for home consumption. At all events, there is room enough for us both. Agriculture is now, and must continue for many years to come, the most productive method of employing capital in America. And this is not the less true because, here and there, individual activity, and the powerful momentum of capital, avail themselves of some accident, such as that of the late war, or take advantage of some favourable natural position, and, by pressing the powers of nature into their service, at the right period of time, overcome many difficulties which would arrest the progress of ordinary men possessed of ordinary means. But unless those general principles which, in spite of all legislation, regulate commerce, manufactures, and every other species of money-making, be really attended to in these matters, no such speculations can succeed in the long run.

The cheapness of labour, the facility of getting money, and, above all, the low rate of profits with which manufacturing industry is content to be

rewarded in England, compared with the high wages, the large profits, and the comparative small amount of capital in America, must, probably, for a time, give to the British manufacturer the power of competing successfully in foreign markets with the Americans. And as to what shall take place in their own markets, I have not the least doubt that adjustments will ere long be made which a thousand Tariffs could not materially interfere with.

CHAPTER VIII.

AFTER breakfast, on the 13th of October, 1827, we left Lowell, and shaped our course across the country to Salem, a town on the sea-coast, 14 miles from Boston, in a North-Easterly direction, long well known to the commercial world as one of the most enterprising ports in America, and the first, I believe, to bring into notice the advantages of the trade to China, India, and the Eastern islands. So much, indeed, if I am rightly informed, had these spirited New Englanders of Salem taken the start of the rest of their countrymen, that for many years they were the great suppliers of tea, spices, and other India goods, even to New York, now the maritime mistress of the Western world. It is most interesting, however, to observe, that although that channel, and indeed every other, is choked up by competitors, still the ships of Salem contrive to maintain some portion of their ancient