Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1849-09-01
THE IRON TRADE.

The Trenton Gazette of this week says:-The
rolling mill of the Trenton Iron Company is still
idle, account of the depressed state of the Iron
trade. The consequences severely felt especial
" in South Trenton, for the rolling mill when in
operation, distributes three four thousand
dollars weekly among the operatives OF that borough
The New York and Erie Railroad have contracted
in England for 10000 tons Of Railroad iron. Under
the tariff of 1912, this iron would probably have
been made in South Trenton, which would have
caused the distribution of at least two hundred hous
and dollars i'll that community
Besides this rolling MILL that Of the Delaware
Manufacturing Company, and the cotton mills OF the
New England Company, and of Bella Badger,
idle for the reason, the depression of the manu-
featuring interests OF the country.
Throughout the country the same evil influence
is producing similar consequences:
A late number of the Pittsburgh American says:-
EE Out of the II Rolling Mills in this city, but five
are in operation, and these but partially. 1t was
usual at this season to stop for few weeks, but
this year they have hung up the tools for as many
months"
The Norrstown Herald of late date says:-
&C We noticed time since that the large cotton
factories of Mr.. Jamson, of this place, had suspend
ed operations and since that announcement the fac
tory of MIR. McCrcdy has also stopped running:
We also learn that in Delaware county several
large establishments have suspended"
The Stockbridge Iron Company, OF Berkshire
county, Va, stopped their furnaces the LIST day
of July, in consequence of the low price OF ron and
the large stock on hand unsold. About two hun
bred hands, directly indirectly employed, are
| thrown out of work. The low price at which for
eign iron is mported Is the cause OF their inability
| to make sales"
The Maine Farmer says" We believe all the
iron works in Maine, and they are very few indeed,
have suspended operations. So what iron we work
| up among comes from abroad. We suppose the
immediate of their suspension OF operations, IS
because the demand is limited sales slow and prices
very small.-At thesam time, thousands and thous-
| ands of tons are daily coming across the Allan
tic to our shores; and for which we have to pay
cash. We not now going to complain oil this
state of things, but will merely express hope
that it will not always continue, but that at some
future day, not only the iron works that have been
| built, hut many more which will be built, Will all
find constant employment"
The last Danve Democrat contains the follow
ing paragraph, and further testimony, against the
pernicous doctrines of Free trade, as exhibited In
| the practical results Of the Tariff OF 1916:
{" Anothcr of the large furnaces OF the Montour
Iron Company at this place, blown out on Fri
day last, leaving but of their four furnaces IN
operation. The reason assigned is the low price OF
iron and the slim prospect of any immediate improve
ment. The Company has large quantity OF iron
still on hand, which will keep their Rolling Mill
going for some time. No stability in the iron bust
ness can be expected under the ad valorcm system
of the Tariff of 1916. Without the substitution OF
specific duties, our Iron Works must drag on sicSy
existence, subject to the caprices of English manu-
facturers, who regulate the prices"
| what Merchant should Jc.-A merchant should
be an honorable man. Although cannot be
an honorable without being an honest man.
yet a man may be strictly honest with being honor
able. Honesty refers to pecunary affairs; honor re-
fers to the principles and feelings. You may pay
your debts punctualy, you may defraud no man, and
vet you may act dshonorabe. You act dishonor-
ably when you give your correspondents worse
opinion of your rivals in trade than you know they
deserve. You act dishonorably when you sell your
commodities at less than their real value, in order
to get away your neighbours customers You act
| dishonoraby when you purchase at higher than
| the market price in order that you may raise the
market upon another buyer. You act dishonoraby
when you draw accommodation bills, and pass them
to your banker for discount if they out OF
real transactions. You act dishonoraby in every
case wherein your external conduct is at variance
with your real opinions You dishonorable when
carrying prosperous trade, you do not allow your
servants and assistants, through whose exerons you
obtain your success to participate in your prosperity
You act dishonoraby, if after you have become
rich, you are unmindfu of the favors you received
when poor In all these there may be no
intentional fraud 1t may not be dishonest, but it
| &c d;sbo hla durt