Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1851-02-04

And il is not likely after the experience OF The last forty
a,-s drr;nu which time scarcely has made
thousands have been raned-that capital
will be soon found meet the hazard But granted INT 1t
will: The price sustained By the absence OF The competition
will soon hern 10 fall either from the increased production
mr. th,t admirable ait Great Britain Of tenacicGsy ad
herring to every Thing OF which she has The moncpolyirom
s,ce pen 10 an ocean steamer Oar manufacturers
find that the business does not ay anu they ASK Tor an In
creoso nj duv The consumer VINO has been getting iron
chearer fogcul its cheopness has arisen from the
OF domestic production opposes am me consumers
are mo-s numerous They prevail The trade is ruined
ana the old story OF high prices ana monopoly OF the
ke is reenacted Is il therefore not manssiy 10 the inte
of the consumer nasuch as some must &c Exed 10
support the government that rate sAoud lie adopted ace
auate TO sustain such domestic pocucton as will o.
constant check upon the prices OF foreign iron, and the
average OF years insure him his fon 4, is'e pc
trade If the consumer maze tts concession and we
think his own interest should prompt HIN TO do IL IS bu;
right tina, he should guard against being placed altogether In
American on-mas:efs hands IN seasons c. a2h prices
The sliding scale provides fer is, by reducing TIE du!?,
pqri pcssu 18th tie so in price 10 refer aan ID tee ai-
gram il amounts 10 bargain between tie consumer ard
prodrcer that II ae former vii carry lie i;lf IT,
pressios she latter will help IA former ov The sera'ioas
An adj qude domestic production cin br Hin'alard ~
duty III FORTY pr cent, provided u u nad" fea
uy what it designed 10 5e ~ az rore and ~! a
al pretvS Guyana tie average OF ten years prices Vi
ron judging om The p,s wi! always give The trc paue
and further, II less rate oi GUY IMAM forty per cent
be adopted standitd, The Iron masters
accommodate themselves it, provided II DC applied
and aggravae the fluctuations Of trade
every branch Of business and especially fatal 10 those
engaged in making fon rJm their extraordinary
and finally the producers Of iron clanong fur
change because prices happen low but they happened
be high the oucry would not proceed from the producers
but from consumers who would be entirely the mercy
the domestic manufacturers-and from the government
who would be without revenue from an article which has
yielded the past year four millions Of dollars. The
change therefore, demanded by the interests OF the gov
ernmrnt, the consumers, and the producers alike
We believe have proved our case waou, referring
cept incidentally the producerso Iron; and here would
rest if justice TO them did not require .rw words. They
engaged in business OF peculiar difficulties II requires
enormous capital which be commanded even by
the payment of interest must be possessed The fixed
investment for the construction of works adapted 10 the
cheapest production Of iron in the favorable localities
exceeds the capital, think we may say without excep-
ton of any commercial house in New York is bust
which requires peculiar knowledge The enlightened
lronmnstcr be gcoogst mnealogis;, chemist and
chnis; or wanting this knowledge he must have the rdg.
ment and good fortune 10 secure il in others. He
must be an able fnancer, and thorough merchant; for
he has not only 10 produce. but he must dispose Of
his production He must be far sighted, for all his
arrangements must be year in advance. More than
this his business il especially dependent upon the skill
Of the operative and his choice o suitable mem FOR The
whole cost OF making iron Is comprised IN the wages paid
for human labor except the Interest upon his capital and the
tolls paid for transportation the canals and railways which
ne employs. Often when the ironmastcr has laid MS plans
with profound Judgment he is hwarted by strikes among
his worknen, or By losses caused by their neglect
II is business especially dependent upon chemical laws,
often so reconcile as TO battle the the
philosopher and leaving the iron master 10 struggle with Oh
staces which money will not remove energy
cies that his arrangements placed upon permanently
profitable basis he is admonished by repeated breakages
that his machinery be renewed consequence OF
discoveries be replaced with improved tools in
order 10 enable him 10 compete with fresh rivals.
Finally, il has always been in this country, business
subject uncertain legislation The Tariff alterations OF
the last fifty familiar to ALL NJ has the
investment been made, and the requisite skill begun be-
formed TO insure The progressive cheapenns OF American
on than the legislative aid upon which has leaned is
moved, and the business falls PROSTATE The child is
pected TO walk before il can creep.
Contrast This with the English policy which adversa-
res fond of paradng for admiration In 1879 the
frst duty laid iron and continued for l47 years
And never changed, We hear II asked Yes, fifteen lines
but always to be increased until in 1919 1t amounted 10 Ct
1885, 3D. per on In 1926 the duty removed because En-
gland was exporting iron 10 all the world. And what was
the competition against which the fearful barrier OF duties
erected Swedish and Russian iron, WORTH when the
competition existed from eli 10 ELS per lon Against
what do cUmpetel Welsh iron Is per ton And be-
cause the American onmastcr in brief interval OF hu!
encouragement has been unable accomplish hat il took
the English on.masier Iii years do with unwaverng
and evencreasng protection from his government. and IN
der infinitely favorable circumstances he Is covered
with odum and his capital il scattered 10 the four wns o!
heaven warning 10 all corners not to rely upon the sta9i
y OF Republican legislation The i!on-mrstes regarded
set nj mportuaate beesar., who ac Petpcua hcsic-
gng the government pick the pockets o; their ne4hbors
for their benefit and they did not furnish food and employ
ment 10 haa million OF Industrious population giving them
considerable political influence they would be utely thrs;
aside without hearing They are accused OF being ma
bobs" and astocrats" not TO recall less complimentary
ephes, when the majority Of them will be found with hard
furnaces which they supentend in person. II not be
proper in us to say it, but they will compare yo7aby with
any class in the community for prooify Industry nte-
gence enterprise public spirit energy courage and heroic
under difficulties sufficient TO dsheaf;en the
bravest among their adrersafes And now 50 Tar from
being importunae beggars, willing political in
uence for selfish ends all they ask is for examination
into the merits of their claims and sa6e legislation OF some
kind The present system s one thing to-day was another
thing yesterday and tomorrow Will &c nothing. They de-
know their fate now conscious that ii they must
abandon business in which many Of them have grown grey
energy and which have been their sheet
anchor heretofore will Insure SUCCESS in some other branch
of business-and attractive the shipping trade, in
which, according paragraph In the journal OF SOh nst
vessel pays for hsrseon her first voyage cee'en months
and which enjoys the advantage OF rohtoIoy tariff IN tie
consting trade fact which our benevolent commercial ree
traders find IL very convenient IN overlook.
The achievements Of the American Iron Masters would
have hern extraordinary under the most favorable ,s!a-
on bur- impeded they have heen, thev are truly Won
deu Many articles already bcyoad s0e pale Of ioeCn
connection as nails and Many other. arr
apiGv approaching tn9t HIDpy c'nsuma'l'f
We Tor example, sd n ls3S and 1852 pe'i'i d
depfs sior, twenty per cent from ~ l.si aes
We selling II 5i per cent. discount. Nhtnt-
ali+,r difference! Fl m the development Of cc& r..
sources and tie application nj ran.ta the employment Of
which years would have been REGARDED ~ lG'k =
insanity. In lS3S, IN lie establishment We re'e- T., S:oeu
was cnruycd--now hall million III dollars il not found iuo
nuclwith decided advantage far profit Is concerned
In 1915 seventy five dollars was a minimum i5r
American rails they sold for Si5 per ton. For ma
king pig iron have been really in advance
of English and Scotch They just beginning 10 ap
the waste III Use htie lo 1tae.
American has been compelled be in advance OF the world
in la5orsavng machinery. We beg such regard this as
favorable result OF the past Tariff policy 10 reaenioe maj
if carried far result Gid the Freachmans ex
pertinent in teaching ME horse live without eating, in The
total destruction al tie business.
This i designed stimulate inquiry Ii
views of die meaning II the term ad ,oren are cues
toned trust tina, application will re made 10 Mr. "u-
ker himself tins point. That great grea, alike In his
intellect, his industry and his has ueh candor
admit oversight If has occurred. Among the
countless details Of Tariff the commission OF OCCASION
al is surprising the success which has alien
ded the application Of entirely OF raising re-
venue iustying the fullest expectations OF the trauler Mi
Walker in his circulars sought information every topic
lawyer by profession, he could be expected 10 s ia
miliar with the details of every industrial interest II he
failed To get the information it his fault. lie tried
and he applied he did get And that experience
has demonstrated that there is failure in the application
OF hi. principle the article Of iron. sure he
will be dc.irous 10 apply the fret Suggest, the
remedy. COOPER HEWITT.
New York, Dec. 80, 1850.
PRESlDENfIA SIGNS
The Portsmouth Pilot goes warmly Tor the nomination
of Senator Dickinson Presden: ard Butler for Vice Pre-
sident b. National Convention which il cordially susians