The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-11-25
From our European Correspondent.
No. XII.
FRAsKYoRr-os-rHE-MANE,
November ], 1886.

| lNoNSmocr ~ ioSo
DEAR sia: More appeals--many Of them power.
ful and iqpassoned- been made to Pennsyl
yania TO abandon her republican creed on account
of the passage ofthe tariff ACT than to any other
State ia the Union. The Bentncks and D'Israes
of America have not been less interchangeable in get
ting up AN iron panic, than the Bentineks and DIS
raelis of England were in getting up the celebrated
butter panic last summer. Ia both countries the pro-
setionss have resorted to every conceivable method
OF bostering up cause, which the frowns of all
enlightened governments are directed against, and
in each with about the same success. There is not
strictly conscientious individual throughout the
British realm, unless he be marvefousy ignorant,
who does not clearly perceive that change 10 the
corn-laws was imperiously demanded, alike by mo-
tiyes of humanity and interest. The Bentincks and
D'Israes continue TO harangue the people against
that measure, but the sounds of their voices
monotonous and charmless the tapping Of the
woodpeeker son the hollow beech tree" !, ia no
longer question whether the corn-tuGes shall be
reeslablished but whether the remaining duty shall
not be utterly and Immediately ssscssedl This
has not only been ably advocated, bat al this mo-
ment is pressingly urged upon the consideration OF
the government Abundant our harvests have
been, il is pretty well hseertained that the redun-
dance of the YIELD above the wants Of our country,
will afford nothing like ample supply to Great
Britain. Our largest annual production, or rather
as much as we can spare from it, il is now believed
will be insufficient, with an average crop in that en-.
pire, for its necessary consumption, its absolute
wants And yet, in despite OF all that is so ausPi-
ciousy Transporting, our Bsntincks and D'Israelis
have the effrontsry to gravely declare that the
American Union has been ruined by the reduction Of
imposts on foreign merchandise, when the magnitude
of all other interests in their value, compared to that
Of agriculture stands in the relation Of shilling to
a pound
But / started with the old Keystone Of the fede-
raj arch, and will return to her. Extraordinary
exerons were made four years ago to induce her to
think that she was irretrievably runed-that she
could never straighten up under the load Of debt
from which she was then reeling; and she was adj
vsed in certain quarters to call upon Uncle Sam for
little help, or rather to shoulder the entire burden
but not undertaking her powers, she was moth.
ing dsunted during the most trying ordeal to which
she was subjected. No remark was ever more com.
enemies to our institutions, at the period to which
refer-"the Keystone is rotor, the edhce must
crumbe into aioms.n An eminent banker stated to
me in this city, then, that he would not give straws
for Pennsylvania stock-that she was lost beyond
redemption, replied to him, that although he con-
troIled the purse-strings of Europe he welded nc
such influences over America; and would admit
that il the finances Of any State Of similar size in
the former country were in as bad condition as
those of Pennsylvania, its bonds would be worth
less but that knowing as did, the vast resources
the almost inconcevable recuperative powers Of
each member of the republic could with all sin
certify assure him that two years would not elspse
before Pennsylvania would stand erect, Aeers he,
resumption on the LIST Of February, ls45, casually
met him again, when his first sautaton was, 81 re-
member your prediction. Hereafter shall believe
nothing impossible with the United States" de.
Tended the honesty Of Pennsylvania increasingly
from the time that first reached Europe, ins,he
tumn of IS42 until she provided her interest, and
that, too, when she was shamelessly illuminated by
the very tongues which now camorous, SC
pathetic in her behalf because the duty iron has
been reduced to 80 per cent. was persuaded that
she was firm in her purpose to preserve invioatt
her pledged faith, she now is to the honey.
ed avowals of her hypocrtcal sympa,hizers, or to
wander iot from the line of political rectitudo and
republican duty
In one more ofmy letters, have taken occa.
sion to show that the iron interest in the State Of
Pennsylvania, and consequently elsewhere in the
United States, could not suffer even slightly under
III. -.r T..
ton to the statistics which have already furnished
in support of the opinions entertained by me upon
the subject, the following article from the "Brming.
ham Gazette, published at the seat of ths British
iron manufactures is conclusive as to what may be
apprehended from low prices in that article: ..,
"The business Of the quarter day 10 now fairly
brought to close, and the prices which iron is TO
be purchased for the ensuing quarter, pretty well
Understood. We will, therefore, endeavor to record
them, as near able, for the use of our own
Immediate district. From the most accurate infor-
nation to which we have access, the best cod-blast
melting pigs, No. i, are realizing upon average
Is l5s, per ton--S26 rs land are exceedingly
scarce in the market are No. 2, of the same de-
scription, at Is Is. 4d The same quantity Of pigs
for forge purposes may also be quoted at Is S.. on
the average. This article is growing quite antigua
ted and bids fair shortly become thing ofby-gone
times, while it is being superseded by the produce OF
furnaces where hot-air targres ne intro
duced and which is now fetching about Is per ton.
As for the hot-air, raw-coal, North Stafordshlre
mine and cinder pigs, they take their appropriate
gradations in the downward scale, the lowest price
at which we have heard of sale of this amalgama-
ton metal being "a 81 4d In manufactured iron,
however we still find merchant bag have been
bought shade under fi0, as also rails which being
generally purchased in large quantities, bear lower
proportionate price than other sorts OF IRON Hoops
at about ell lOs and sheets and mates from fl2 Ia
fl3 and lastly, nail rods, to which formerly very
considerable portion Of the iron manufactured in this
district was appropriated, will be found TO average
90 15s. Considerable parcels Of these yet in the
hands of SPECTATORS but the warehouses Of the nail
masters far from that state which would by med
ical men, be designated reple,on. The snme remark
will also apply to most other descriptions Of iron
and Steel the stocks in the hands Of the manufactu-
rers Of every description being very light"
Now in this condition of the chief English marke,
high prices, rapidly increasing demand for rail-