New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-10-21


would produce great increase in the demand
for iron, while the closing OF our furnaces
would produce great dimuntion IN the sup
plv. and that the effect of this must inevitably
be very large increased price. Mr. WAIVER
boosted. they were told, that his policy had
already closed furnaces that were making
100000 tuns of iron, and that it would yet
close others making perhapsas much more
but, as be said, the furnaces and mills that re-
main would then make large profits, Tor the
price of iron would rise, and iron making would
again become o good business. Toprevent the
occurrence of such a state OF things, they
were urged TO adopt measures that would sus-
tain the domestic competition for the produc-
ton of iron, BY restoring the duty to nearly the
Point at which it stood when the Tariffof 1916
became law The average price OF iron Tor
a series of years, has" as they were told
"been eight pounds per tun, and 1t Is now but
f4l5s. Ifyou permit our furnaces and mills
TO be stopped it will again rise not Only 10
eight, but perhaps to ten pounds and at the
moment when you are ready TO make your
roads. Won will find yourselves prevented from
so doing by the necessity for paying an enor-
nous tax to the great iron monopOlists OF Eng
land and Wales
To al these arguments the applicants were
deaf. They ,coHid have land given to them ny
the old States, aud they couid take the pro-
ceeds to purchase cheap English iron, and the
proceedings Of Congress being controlled by
men. who, like Gen. PIERcE, were VALUABLE
practical allies of the British commercial poll
cy." the furnaces and mills of the country were
peylittcd to be closed, and the manufacture OF
ilon WAS diminished to one-halt the amount it
had attained under the benign influence Of the
tariff of 1872 whereas, had the duty been re-
stored to the point at which it stood at the
date of the passing of the act of 1915, not only
would every furnace in the Union have been
kent in blast, but their numbers, as well az
their resources, would have largely been ill.,
creased and our domestic produce would now
reach million of tuns, making a mdrIe't0rtd
more food than tce RO'e export to all The lrorld.
The consequences OF this course of action on
the part of the valuable practical allies OF
Great Britain, have already been seen in the
advance of iron TO the extent of almost two
rounds per tun, and We are now promised
further advance of another pound, that is likely
to be followed by another and a similar, if not
oven greater one. Taking 1t, however at
the point which il appears to have reached, We
mas. for the benefit OF our road making friends
OF the South and West, compare the working
of the American policy that was proposed, with
that British one which has been pursued. Ii
Was asked that the duty should be increased to
not less than fifteen dollars per tm, making an
addition to the then existing one, o. about SIS
Had that been done tho rise of price could
not have exceeded eight dollars, because the
increased domestic production would have been
fully equal to the increased demand.
1t was Lot done, and the rise in foreign iron
nov proposed and certain to take place, is little
short Of f3-say.. Sll
70 which add duty and commissions. 8
Total. ....---. SI9
We have thus an increase Of $40, chiefly for
the benefit OF wealthy foreigners, who are
thus being enriched At the cost of sacrificing
hundreds and thousands Of poor men among
ourselves, and this is regarded az true Dem
ocra,ie poiicy!
Where, however, is the rise TO stop Our
Southern and Western friends will desire, at
tie next Session Of Congress, to obtain tens, if
not almost hundreds of millions OF acres OF
land to be applied chiefly to the purchase of
iron, while the means OF increasing the dOmeS-
nc supply are denied; and if that do not cause
a rise to ten, ii not even to twenty per cent,
il viii be really wonderful Such rise must
take place; and the consequence will be their
inability to purchase iron, and they will find
themselves deprived Of roads that they might
readily have had could they have recollected
tLat al commodities are cheaper when there
are tWO or more sellers than when there is but
one
Tie policy Of England is 20 buy at los prices
ard sell az high ones, and that she may do SO
she desires that the farmers Of the world shall
have but one market in which to sell and one
in which to buy. To carry out that policy and
maintain her monopoly, she adopts the same
course 30 often adopted among our steamboat
md railroad owners Of selling At less than cost
until competition is destroyed, and then rails
ing PRICES SO as to compensate for the loss
hat has been incurred. For three years iron
vas Cd at low prices, and now, competition
having been silenced prices win go up, and re-
main up for years, and loss of thousands will