The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-12-02
MORE RUM

The manufacturers are bent upon their own ruin;
or their panic cry about the tariff of 1876 is all
trick. II manufactures are so ruinous TO the capi-
tasts who embark in them, in the face of the pre-.
ent tariff why is there so much capital invested
Why are so many factories springng up, like mush-
rooms, in different sections of the country The
enterprise. For example: -.nna h
"A company composed of the most wealthy and
intelligent citizens of Portland Maine has Just been
formed at that place for the manufacture of iron,
under the title of the Portland Iron Company. Their
capital is $3.50 900, and they are making arrange
ments for going into the manufacture Of iron on a
scale Of large extent" aa ..........# .s.atgl'
'lRoN.-The South Trenton Iron Works have
contracted To make nine thousand tons, the Trenton
Gazette says, for the New York and Michigan
roads, IN the year commencing the LIST of December
next, and will probably have surplus of eleven
thousand four hundred tons. The rolls are capable
of turning out fifty tons per day, and new pudding
furnaces are BUILDING, which, when completed, will
keep the rolls supplied with iron Fifty tons day
following one hundred and fifteen days for Sun
days and accidents,) would yield twelve thousand
FIVE hundred tons, the product of the works The
Pottsville Journal sets down the utmost capacity Of
any of the rolling mills of the country at nine
thousand tons per annum. The South Trenton min
exceeds them from the above statement sh
New FAcroRY,-We learn from the Hamilton
!ntelgencer, that MIR. Thomas Birch late Of Man
chester, England, has commenced operating in cot.
ton machinery, in the mill erected by Mr. Porter on
the river bank. Mr.. Birch brought with him frop
England number of persons who have settled with
hinlin his new l0cati on.-- Gin. Chro,i E No WE
The "PennsyvanianrL gives the following extract
Of laileter received 18th November, by the Acadia,
fran gentleman in Lsndon, whose long experience
AND knowledge of the trade between England and
he United States entitle his opinion TO the highes,
consideration and respects s,,., Az t,,,agg
- hope you viii write me your opinion Of the
prospects of prosperity, notw outstanding this war
with Mexico and the abolition Of the tariff which
the wings say will be the destruction Of the country
but which ! doubt much. On the contrary, / be-
lieve iron and cotton manufacturers have excel
lent prospects before them, if they will work with
prudence, economy, and skill. Iron, at 60 per ton
| for merchant bars, 7und 30 per cent duty, and
freight, insurance, commission, &c., must prev
competition with the Pennsy lvana iron-ma5ter and
| if he does not grow rich now he does not under.
stand his trade and he does not deserve 70 be sup.
ported in business that requires gopd senses judy
| mcnt, and economy There ia no fear Of iron fan
ing, in this country, with nearly 10 000 miles o
railway chartered in 7l843, 1914, IS45 md 1886
and all in progress The consumption Of iron here
| is wonderful, and il cannot be made fast enough
There are no stocks in and The only difficulty Is
that high price interferes with consumption. Ii will
| be some years before supply shall equal demand
and in the mean time Pennsy lvsna iroDmasters
who are now going about crying ruin! ruin! ruin!l
viii make their fortunes IL they are prudentn ~