Weekly national intelligencer., 1851-07-12
THE IRON MANUFACTURE.


In the valley Of the Ohio. as well as in The At
antc States, the iron manufacturing interest is in
Condition of ruinous depression. Under the
ope ration of the existing tariff which encourages
the importation of European iron produced by The
Cheap labor Of haf-starved workmen, our American
furnaces and forges are brought TO sand-suli--
their fires extinguished-the arm OF honest home
industry paralyzed-capitalists rulned-and thou
sands of our people thrown out of employment. A
fresh practical illustration this point is furnished
in the Pittsburgh American OF Saturday, as follows:
"We announced lately failure of number of furnaces
in Clarion and Venango counties we also nouced the stop
page of work at several Of the rolling mills in this city. We
also published the report Of the Board OF Revenue Comms
oners in relation Allegheny county, showing the depre-
citation property, and particularly in that OF Iron and Cot
tom which officially reported at nifty per cent OF Its
value We have before another instance OF uinous
depreciaon of iron property wates-.hat Of the Mo-
nongas Iron Work Cheat river, short distance from
where hat fine empues into the Monongahea between
Brownsville and Morganiown. In is4a this properly was
purchased by enerprising firm in Batimore-he Eli
cots-for $780, O0O Since that time they had improved the
property by the building Of additional furnaces which
cost together S32 000 and expended in other valuable i'm
provements in all S6O 600. 1t consists of fifteen thousand
acres of land one-fh of which is fine farming land, large
portion Of which under good cultivation large rolling
mill and nail factory three large blast furnaces costing in
all $42 600 grist MILL MILL and about seventy dwelling
houses, many them large and valuable buildings There
also the place ferry Of note, which, in times Of prosperity
and trsde Of itself worth three hundred dollars rental
and land throughout aboundng in iron and stone coal
in eIhausess quantities, and excepting the cleared FARMS
covered with heavey timber. This extensive property
brought to the hammer Morganown Virginia. and, with
all its improvements, sold by the sheriff for S25, 750."
The same mail which afforded the above para
graph brings another of similar description which
is worthy Of being recorded as follows:
"The Mount Holly Iron Works. situated in Cumberland
county, (Pa six miles from the fouhing Of Carlisle
and seventy miles from Baltimore, and hundred miles
from Phladephia with good turnpike road running by it.
and the Cumberland Valley railroad within six miles,
sold recently for $4,000 The depressed state Of this species
Of property will be when state the facts which follow.
The establishment contains thousand Of land the
greater part of which is well wooded, mansion house, and
twenty houses enements for the workmen. The
supposed be nexhausbe, and situated about four
hundred yards from the furnace There good water
powers with sufficient water to carry all their works The
wood standing pon the land is estimated hundred
thousand cords And yet this establishment public auction
sold for thirteen thousand dollars being less than
dollars per for the land including the buildings &c
This establishment few years ago purchased for thirty
eight thousand dollars.
Here practical illustration of the effects Of the Tariff Of
1885, and should think which would open the eyes
the good people of Pennsy This is isolated
is index the condition Of the iron works gen.
orally in that State"