The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-06-14

Monday amply proves how easily it would be ac-
complshed by the brave and daring young men of
way to honor and renown, while spreading and en-
largng the sphere of their country's glory
From the Albany Argus.
THE IRON TRADE OF THE UNITED
STATES-ITS FAVORABLE PROSPECTS.
This was never in a condition so prosperous.
The demand for iron is far larger than be sup
piled, and the prices remunerate the manufacturers
better than at any time within the last fifteen years.
There is large demand not only for railway iron,
but for all kinds of iron, from common pig to bar
and bolt and sheet iron. The activity in building is
felt throughout all the ramifcations of the iron
trade. 1t
In conse luence of this demand, and the value Of
the business, capital is very heavily taking that d-
rection. We understand that forty new furnaces
are now erecting, have been recently erected, in
Pennsylvania alone. The product of each furnace
may be fairly estimated at 5000 tons per annum.
When these all in blast, their whole product will
be 100000 tons Of iron, which will probably be
brought into market by the year 1886. The pres
ent production of Pennsylvania is about 100000
tons. So her production of iron will be nearly
doubled in one year This is enormous increase,
yet the demand is great that there is no probable
I-ity that it will overstock the market.
The expense Of erecting furnace and putting it
in operation, with all its fixtures, will not exceed
$4,000 Its product of 5000 tons will sell for at
least $50 per ton al the furnace. The whole cost of
manufacture will, in no ordinary event, exceed $40
per ton Thus, under the present prices, there is
profit of ten dollars on each ton Of iron manufac
tured in Pennsylvania. This, on an aggregate of
300 600 tons, the product Of l845 makes profit Of
three millions of dollars. From information
quired from iron-masters, we consider the profit Of
ten dollars per ton at present prices at rather less
than the actual result
Pennsylvania is great iron region Of the United
States. Its extraordinary and truly valuable
rieties of coal, which frequently lay side by side
with the iron ore, render it the iron region not only
of the United States but Of the world. Of the $780,
300 tons of iron consumed in the United States in
the year 1874, Pennsylvania furnished one half Of
the whole amount. The remainder came from
abroad, or was made in New Jersey, Maryland,
and New York.
Iron will be the source Of incalcuable wealth to
Pennsylvania. The manufacture is yet in its in
fancy. In the year lS44, the consumption of Eng
land was 200, 900 tons. That of the United States
will soon reach that amount. This will give some idea
Of the wealth so vast demand for iron would throw
into Pennsylvania. The papers of that common
wealth constantly abiding to the extraordinary
prosperity which peryades that State. They have
reason for these grcuations. Probably in no year
in her past history has the business of her citizens
been so profitable. The times of 1885 and 1886
would not compare with the present year. Prices
then rose from an expansion of the currency; now
from the great and safe law of demand. This cir
Pennsylvania were never in SO favorable condition
to pay taxes, and this invites the hope that the in
terest on her debt will be promptly paid.
New Jersey is also well adapted TO the iron manu-
facture, from an abundance Of the finest qualities of
ORE and in its proximity to the valuable coal beds of
Pennsylvania. We understand that forges and fur
naces are now going up in all parts of New Jersey
particularly on the line of the Morris canal. The
present profit on iron invites capital extensively from
the city of New York.
Maryland, in the region of the Cumberland coal
has extensive iron works. The Mount Savage Com
pany have the largest capital of any iron assoca
ton in America. The amount now invested is
81, 100000, with power to increse TO 5000, 00O
The stock is owned mostly in London. Here, rail-
road iron is made on a large scale, calculating to
turn out at least 10000 tons in year There are
various opinions as TO the value of the Maryland
beds of ore and coal. By some it is thought that
cheaper well as better quality of iron can be
made in the Cumberland region, than in any part Of
the United States; while others hold that Pennsylva
MA in the varieties Of its ore and coal, as well as
their favoral location, has the superiority. The
progress Of the iron manufacture in Maryland has
undoubtedly been retarded by its being slave
state The competition and superior activity OF
tree labor enable II TO command the market
| we come now to Northern New York. where
the iron manufacture is destined TO run career Of
prosperity inferior to that of no other section of
America The iron district in this State embraces
the counties Of Clinton, ESSEX, Franklin 81 La,r-
renee, J:gerson, Lcwis, and Herkimer. Biologists
say that there Is ore enough in Essex county alone
| to supply the world with IRON The famous Adron-
dack mountains are much like the celebrated iron
mountain OF Missouri; yet there are no means of
! getting the TO the lake, the mines are not vet
worked, but they must be, before the lapse of many
years.
The present prosperity OF the iron trade is work
ing wonders in Northern New York. FORCES and
furnaces are being erected at almost every mill site
on the Ausable and the Saranac, and il is estimated
that the quantity of iron made in Northern New
York Will be trebed this year. The northern iron
is well known to be of a superior cast--very tough,
and nearly equal to the celebrated Swedes IRON Char
coal onlyis used, which makesa much finer iron than
hard coa but OF course the process more expensive
| Whether Northern New York will ever mpnufac-
ture railway iron is question; that requires mine
raj coal, and yet none is found there; but fortu-
nately in its and inexhaus5le forests of wood
! they of an abundance Of fuel for making
! the finest kind Of iron.
i The establishment of State prison in Clinton
county, TO employ convcts in mining and the manu-
facture OF iron, must exert uncomfortable inhu-
ence on the extension of the iron trade in that re-
gon. The large capital Of the State will enable il
1 TO adopt all the latest and valuable improve.
ments in machinery, used in the great iron
works in England. This example must exert
gradual influence on the iron manufactures in North.
ern New York. Attention needs only TO be fully
called 20 the vast mineral Of that section
10 draw that capital and that enterprise which will
make those counties some Of the wealthest in the
State. Iron is also manufactured to some extent in
Orange and Rockland countless and largely in Rens-
selaer county, at the well-known Albany and Troy
iron and nail works
| Notwithstanding the recent decline Of iron in
England the prospects Of the iron trade Of the Uni
ted States are moro than favorable Their prosper-
ty seems fixed for years to come. The demand for
ircn in Great Britain, and in truth, upon the whole
continent, is so enormous, that it will absorb the
whole production of Europe for the home market
II is supposed that even the vast iron works Of Eng