Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1846-09-25
THE ENQUIRER.
wednesday Morning. September 49, 1916.
NOT QUITE sHIP-WRECKED YET.
RICHMOND, VA.

NOT QUITE SHIP-WRECkED fEI.
We are glad 10 see from The following emphd-
ic remarks of the Wing, The principal l arm Or
gan Of Virginia. that the iron interest has mol
been entirely sacrificed BY the "Locoioco arm
Ii is true, that ii still maintains that Inc lesiSa
ton of Congress aimed fatal blow al .ne non
masters. but al the same time it Sincerely con-
graduates them" that, probably fol some 'ln'e,
the increased demand for iron IN England WIZ
materially weaken, if not aliaseAaer neHi'0e'1s'
that dreadful blow! Soon alter the passage Vi
the new Tariff, we referred 10 these numerous
railways in England as likely to consume most
of The iron in England, and advanced the argu-
ment, tha, the duties upon iron were suihcIent 10
"protec," that "important and extensive oranch u
business" But The Tariff press would mol 's'en
TO reason. The new Tariff, they said, was passeu
10 break up the iron masters and make US slaves
of British Industry and capital-that they must be
ruined. and III. whole country with them. Since
that time, The iron-men have looked more cooiiy
into the law and the circumstances oil their case,
and they have come 10 The conclusion that lhey
have no fear OF the competition oil England. Lei
US hear no more, then, oil ruin" 10 Inc IRON iu-
terest. We doubt not that the same result will
manifest itself in regard to the 'panic" cries as TO
all the other great interests OF the country. we
submit the following Tariff confession, that the
iron interest is "probably" safe, with the single
suggestion, that, while all these English railways
were in contemplation al The time OF the passage
OF our new Tariff, their progress and completion
might have been retarded or defeated, had not
new activity been given 10 business by the llbe-
raj revenue enaclmenls on both sides Of the At
lanlic:
"The present high price Of iron in Great Bri-
tain will also probably be Tor some time MAIN
ained, by the increasing demand for that article,
Tor consumption in that kingdom consequent
upon the numerous and extensive railway
schemes in progress and in contemplation. The
American iron-masteIs may congratulate them
selyes-as We sincerely congratulate them-that
The force OF The blow aimed at them BY the legis-
laton of Congress will thus be materially weak
ened If not altogether neuralized, so long as that
extraordinary demand shall continue. An intel
lgent gentleman, engaged in The iron business,
informs us that English iron imported into The
United States, al the present market price in that
country, will cost the purchaser here more, under
the thirty per cent ad valorem duty OF The new
Tariff, Than il did under The higher specific duty
OF the Tariff Of 1872. OF course, SO long as This
state Of things shall last, the American market
must continue TO be supplied by the American
production II will only be when the demand Tor
iron in Great Britain shall slacken, and The price
fall, that the injurious effects Of the lower rate Of
duty will be iell in the United States by those en-
gagged in that important and extensive branch OF
business"