The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-08-15
MORE RUIN!
From the Boston Post

From the Boston Post
The Boston Atlas (whig) with all its be gging off from
s late confessions admits that some Of the factories
"ean lire >" but they must do il under ptry small
no profits" Now let US see what these "Uuy small
or no profits" are, by which the factories merely
"can live" IN the estimation Of the Atlas "With
A fairly levied Is per cent duty" says that paper,
I'VE believe these mills will do btir business than
the napigaiOn interest generally" Thus the Atlas
and the ufacturers consider their interest ruined
or that they only "can i've" when they do even
"a bsler business than the navigation interest gene
raiy!" Agaln-"These mills (says the Atlas) can
not be prostrsted unless all the great manufacturing
and mechanical interests Of the country are first
ruined " "and even thea they may be saved" be-
cause they compete with England in the supply
of other nations IL is evident from all this that the
manufacturers according TO the Atlas, are not salts
fed with larger profits than the navigation and other
interests, but avaricious as to insist con-
timing TO realize, they have recently done, year
ly profit of 100 or ~ and SO per cent, at the ex
Dense Of the other interests and Of the people gene
rally! What moderate demands! A reasonable DIM
lnuuOn Of these enormous profits 10 80 per cent
would be runous, or would enable them merely 10
lire! II this be the extent of the utter rum OF the
country, about which the wing papers have oesh 30
loudly croaklng, we think the nation may survive IT,
We come now to a later cOniessIon-thal OF the
Boston Courier, (whg.) In that paper OF Tuesday
is leading artlce OF predictions, oracular, no DOUBT,
and inspired, they are mere predictions IL 10
there confessed that, under the new tarl, "Massa-
chuses instead Of sinking back will, true to her
self sli see her star Ia the ascendant" That Is,
under the new tariff, Massachusetts will still surpass
all the other States In prosperity and prOgressj her
manufactures navigation, agriculture, &C., &c, VIII
be more productive than those OF any other part OF
the country Is not this sufficient IL the new tariif,
A, ia pretended is made exclusively for the benefit OF
the southern states to the disadvantage OF those OF
the north and yet the of the north Is still to he
in The ascondant IL we still TO be more prosperous
than the south and west; why should we complaint
Is our coyetousness nsauRbiei have we rights be-
yond those of other parts OF the country AGAIN
1.-THE completion of the numerous factories now IN
progress, (says the Courer,) and the demand they
viii now occasion for operatives must prevent Tor
some time any serious depression OF female LABOR
We really hope that female labor" VIII not be any
worse Than il is, and we trust the new Iarln Will not
sensbly affect it, or render II less productive But
seriously and without an equyoque, after all the
whig predictions that the factory girls WIN be ruined
Ly The loss Of protection, the Courier, knowing that
will not be the case and that experience will talsy
It's former predictions, attempts TO foresta the fu
ture by admitting that the ne1 factories VIII prevent
that deplorable mIshap. Did not the Courier know,
lust as well now, weeks and months ago, when Its
terrific predictions were then daily uttered that "nu
merous factories were in progressl" Certainly; but
then no such preventive effect to be produced;
immediate ruin to everybody was certainly TO fol-
low modification Of the tariff. But'we are glad TO
see our wing neighbors now confessng their errors,
and hope they will sincerely repent and reform, even
at this late hour; for "while the lamp holds out TO
burn" &c.
From the Easton (Pa) Argus.
MORE RUIN.
The proprietor of the Glenden Iron Works, above
South Easion, has largely increased his business
since the passage fthe new tariff. Why is il that
the owner of these works does complain for the
want of protection? During conversation with the
- - A ,.Il Il. a. i
not fear the tariff, and would receive injury
from its effects, unless, perhaps through the foolish
ami ridiculous panic which some few are trying TO
raise In our cities.
From the same.
THE TARIFF.
Now that the great struggle in Congress is over,
and new tanf bill passed, 1t becomes the good
people of the nation to sit down and calmly coRsId
er the effect which II may have upon the interests
of the country. And in doing so, magnanlmity,
and strict regard for the interests of all our fellow
citizens will forbid considering 1t in regard to
It's effect upon any particular section or State, but
upon the country generally; not in regard to one
class OF individuals, but to all That some classes
will be in degree affected by the new tariff, none,
presume, will deny, while others, ii must be
admitted, will be greatly benefited. Our object at
this time is, to see how some of the great interests
in Pennsylvania may be affected by il. This State
has certainly distinguished itself in the manufac-
ture Of iron, and it is said that this branch of BUSH
is to be materially affected, and perhaps in
measure checked. But we think that short state
ment of facts will show that this cannot be, unless
will abandon the most profitable business that
be followed in Pennsy vana, for the express
purpose of producing panic for political effect.
Before the tariff of 1912 went into operation,
there were great number of iron furnaces in the
State, and pig metal was manufactured and sold at
Sl8, 500, and ts22 per ton. During this period, the
farmer received from 81 IL to 81 So and in 1878,
y per bushel for his wheat. Mechanics did well,
and the prices of daily, and weekly and monthly
labor, were entirely satisfactory to the aborer. All
classes were therefore doing well, and all prospecting
together. This democratic and right. But
how is it now under the tariff of 1912 Pig iron
has raised from 1913 to $50 per ton while wheat has
fallen to IS cents per bushel, and the prices of la
Dor IN proportlon-an event which the wings have
always told US could not happen; for their doc
trne IN relation to this branch of business is that in
proportion as the price of iron raised, would the
prices of grain and labor But quite the contrary is
the case. For at the Crane Iron Works, an extern
sve furnace in a neighboring county, are credl-
bly, informed, that the price of iron went up the
prices Of labor went down-and in instances as
low as 60 cents a day, and find themselves. The
tariff of lS42 therefore, does not operate upon all
classes equally; for while the manufacturers are
making imme,.se fortunes, the farmer, mechanic,
and day laborer do not and cannot under the present
state of thlngs) prosper in the same ratio.
Now 1t Is said that anthracite iron can be manu-
featured in this country cheap as in England or
Wales, to wit for about Sl4 per ton. But, to do
Justice to our calculation, we will say SIS per ton.
1t Is now selling for from 500 to 500 per ton, but
say $50 as average price. The difference be-
tween SIS and $50 is Sl5 which is the clear profit
OF every ton the furnace under the tariff Of 1912.
Add to this the trihing expense of transportation to
market, and you get the clear profit there of from
Sll to Sl3 per ten. At the furnace above referred
TO- 1t Is said l40 tons manufactured every week;
which, at Sl5per ton at the furnace, makes in the ag
gregate 81, 100 clear weekly profit, which is $500
perday. But suppose the tariff of 1886 will reduce
It to S25 per ton, it would leave clear profit at the
furnace Of SIC. per ton, the weekly profit sl,4Oo,
and daily profit 5000. What, it may be asked,
Is the present duty on pig iron, to produce this re-
'uIf It's 50 per ton. Under the new tariff it is 80
per cent. I'D vaIorem that is 80 per cent. on the
cash price in England, or elsewhere. This, it is
SAID, has varied during the last ten years, from $40
SIG per ton, making its average value about Sl4
per ton This sum at 30 per cent. would be "a 20,
which will be the duty under the new tariff. De-
duct 81 20 from 50 90 the present duty, will leave