New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1849-08-24
The PennsyIvania Iron Trade.

Apeeting Of Iron Masters from VARIOUS co1rtics
in Western Pennsylvania was he'd ID Sttsbu' sn
on Saturday lest 10 take into cDnsid ration toe
DEPRESSED state a the Iron trsd, Hon c. Ny
m Of Clarion, presided. and a Committee a.
pointed for the purpose, made the suoioihe1 re-
mort, which was nsnimously adopted
Thst Ia pursuance Of their appointment, thfy r'o
required the history Of the Iron business o. 'uls
country for the sst 30 yesrs That taey ma ,ns
early ss during the embsrgO system Of l,e 'uce' e's
BY the war O lsl2 the Iron business 81 fehh'l 'fi
hsd increased 70 oegrec unexampled a. any l'I'h
period That this prosperity continue9 u,I 70. t,s
a. tbe troubles and war with Great Britain "meh'
40 long az these lasted s1orded ample proiechyn '
This interest-to Agriculture and 70 Ls2oL. n~' ~
soon a. this protection "sf ienlo' 'oy =" ~,
op.ning Of trade with England eonse4Dfrt
~ nssee the price II Iron. Of Agricultural fio".0
and Lsbor went down 70 degree iudlcshbs zoe ~
.sn.e of almost any demand for agri ui'urH piV,.
md I.bor That up 70 1916 pig iron sold IN the fu'
tursb market At go per ton wheat through tne c.s
Isl 80 per bushel and the price Of isoOr "ss ="
n,r month That ia 1922 snd II pix iron nhn TAI ~
less than go per ton shest 10 - cents per
sbor 10 &c Der month That the successive Iarhs "i
Ie,l n aud q bad tendency 10 restore toe pfo-P'i
ity If ali these interests each Of which continued 20
improve until the effects Of the compromise farm OF
1892 came be ielt In the markets Oi ths county -
,.6neniDs our port. 10 the Iron Of England Inst the
system Of this compromise reached IL. mlhlinu"i
rate In 1872. Thst such was ~ cnecIs upon luf ~
tere.- alluded TO- pig iron which bad liner 49, ~
value 10 as and So per ton IN 1896 ten - ei' ~
and Ss 10 ls42 That wheat fell from - - per uusu
a. 90 cents sud labor from being IN demand ~ hisn
-. in ca.h went a begging That We had decided
Improvement In each ~ these important intefcsi- n
l.i3 and continuing through ls4$ - 10 ana -
That during the years 1872 and 1896 20 new iaInaos
were erected In ,he counties We represent ihS' s,"
1916 theirs have been but three new furnaces Dui'''
That pis iron which was In current and ready demand
In s(5 aud until ls47 1T e32 and eJl per ton 10 now
without demand, and sales weekly reported 10 us OF
good iron Al 70 per ton That from these fscts your
Committee are brought 10 ihi, inevitable conclusion
that ~ iron ard labor protected by an Sdequsi"
duty on imports those interests hOunsh Ibst as ihH
projection l. Withdrawn. they langui-h and die Your
iommitee therefore, tender for confederation the ~
Rs,lred This. the present depressed state Of the iron
trade has It. Onn and 10 euney caused ny The low rate
Of duty al which English iron 10 admitted into th. coun
Try under the isnn sw Of s. and iIs nudicoas Cd 'ao
Ec,i,,d Th, hve,rth, OF the value Of pig iron con.
stats of labor and this labor can be produced IN Bog
land at less than oDeihrd OF what Il usually commands M
rood times In this country, we In the United aer can
new or compete with the English ronuastsrs, except by
reduction Of labor To the psuper rates Of that country or
R.,i,.d That Is NOT he wish Of any Of this meeting
hope Of no American W see the rates OF sbor
the happy country reduced 10 the rates Of poverty IN Eo
ksr.d That to insure dferen, and more happy state
of Among Us the isbor Of this county including OF
its mineral and agricultural products must be proisced IN
our markets from the redundant labor Of Other countries
Rs.o,sd. That and each Of Us pledge Ourselves 10
the OF exerons 10 procure such proechO
which can only bs secured by duty Of SPECIFIC values
Rased, Thai 10 the duty Of the iron men and asreu-
meetings IN their different counties, snd organize Tor We
purpose Of pernouihs Congress for change from NJ
present al vaorem sysem Of specific duties Of Hdc-
qusfe protection 10 the labor OF the country.
Rs.osod, That this needing recommend Convention o.
Tho furnace owner. u Pennsy lvsns Virginia ONO nrd
Kentucky be held the Cy ofPisburgh, on Wednes'
day. tho 2s - November next 20 take into Consideration
a. necessary and further action on tbs premises
Ths members of the Convention sfterwafd visited
President TAYLOR, snd had conversation with him
upon the subject OF the Tariff The President made
minute and particular inquiries into the state and con
diiion Of the iron trade all of which we're fully and
clearly replied 10 by Messrs Myers Kerr, King, Bsos
and others The President 10 the course OF the con-
vesaon expressed his decided disspprobsuOn OF The
present Tariff utterly inadequate to the protection
many interests which demanded H. anf said thst he
considered the change from the Tariff Of ss2 O. that of
ls unfortunate 10 many valuable interests In TIC
country and particularly % thst OF LABOR That Whist
required sp,o.ke. not nd vslorem duties thsi
these latter lett the mercy OF the markets In Eu
rope gave protection TO industry here when II was not
wanted and denied It to when we did lie said be-
was Ia favor of sysiem that would promise perms-
nenoy sufficiently high to give reasonable protection
90 the industry II the country, but not high 10
amount 20 exclusion. He would not 60, he said for
that