The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1852-06-23

dollar IN the glutted money markets
of Europe. That act checked foreign
importation, restored the balance Of trade
and rescued from perpetual infamy the
blasted credit of the country. Its de
sign was to have home market for the
products of the shop and the field, by
placing the man who makes, and the man
who uses, in the same country. And il
effected the object The manufacture
of iron increased from 100000 TO $50.
900 tons railroad iron from nothing to
100000 tons cotton cloth from 267 900
to 500 600 bales wooden cloth from
55,000,000 to 10000 900 pounds the
produce consumed in 1876 above 1912.
in consequence of having the produce
and market together, was 100000. This
was the result of turning into manufac-
lures the produce Of the earth-food,
wool, cotton, coal, iron, and hemp. Turn
now, to the other side, and take few
out of perfect deluge of facts. In
ls46, at the close Of the tariff Of 1912.
we produced $4,000 tons of iron Now
we produce 100000 tons, and import
iron annually to the amount of S9,000,-
000-olmost equal to all our export Of
food. In 1916, Illinois exported 500
600 pigs of lead last year, $50 900 F;
while we are importing more than 49,
100000 pounds, at loss Of l,500 600.
The sum ought to have gone to Illinois
farmers and miners Who has prevent
ed it from taking that directionl
Look at the change, as it affects indi-
viduals or companies. In ls47 there
were five furnaces, producing pig iron
in blast in a small valley west of Lake
Champlain Jackson's produced 900
tons in ls47, 500 tons in 1913, and
closed Two of Gray's in ls47 produced
$500 tons; in lS4S they failed. and
assignees worked up the stock OF all
that have risen, and struggled, and sunk
down in that valley. but one remains
that of Penfeld, Hammond & Tower
They have $4,000 invested in their
works managed by the owners on the
spot, with wise and practical sagacity
They have one. of the best mines, max
ing the best iron in the land, as shown
by repeated trials at your navy-yard
Their coal, ore, labor, and transportation
are as cheap as can be found anywhere
yet they connot compete with the miser
able foreign iron without loss of from
So to 81 per ton Go by their wharf
and you may see their iron, piled as higl
as human hands can lift it, measured by
roods and acres The gentleman from
Massachusetts, may ask, "Why don't
they give up2" Sir, the hard earnings Of
a past life are invested in that house, il
Adirondac mountains; invested under
the solemn promise of protection by tho
Government, pledged by the law of tho
land That promise was kept by tho
tariff of 1912. You promised them ;
"6ctter tariff" in 1916, and, trusting
you, they went on Now they and thou
sands of others in the Northeast, are
like mariners on wreck-lifting W
their signals of distress, and calling OF
the Government to redeem their promi
ses under which they entered upon til,
voyage
Look little further into the three coun
ties. of Clinton, Essex, and Franklin
New York The property, real and per
sonal. invested in furnaces, rolling mills
nail factories, ore beds, and wood lands
for making coal, was worth, in 1916, a
least $4,000 000 Now it is not wortl
one fourth of that sum. Two hundred
forge-fres and six blast-furnaces pro
duced. in ls46, from the ore, 80 600 ton,
of pig and wrought iron. The forgei
produced. in lS46 80 600 tons Of wrought
iron, at SIS per ton. 81 .440 600; lS0 00t
ions of pig iron were made at $50 pei
ton, equal to $40. 900 In 1851, tho
same works made only 10000 tons o
wrought iron, at s25 per ton; pig iron
2 500 tons, at Sl7 per ton, s342,500
Only ninety out of two hundred were il
operation in December last-probabl,
less now. Five thousand men, sustaining
one third of the entire population o
these counties-73 000--werc directl,
or indirectly connected with the irol
business, while done at compensatinl
prices. are now thrown out Of employ
ment. What is the cause of this change
from competency to pcnury, in so many
human beingsl The change from thu
tariff of 1912 to lsl6 The value q
iron made there in 1916, was 81 .9s0,000
in 1851, sS42 500 The difference il
the products of single year, is 81 637
500 Let the gentleman from Massa
cnusetts go and sing his free-trade lula
bys at the deserted forges and furnaces
and hamlets. omthe banks Of the Ausa
BILE Let us know the answer he will get
when, with lis usual vivacity, he tell
them, as he tells MS, that " the iron inter
'ests, making the most rapid progress
always cry out, most Justify, that the,
are terribly distressed"
England understands the science {
projections in forty years preceding 1890
she changed her tariff ON iron fftccj
times, rising from 81 los to f7 per ton
She was not a free-trader till she ha
made her artisans skilful enough. and he
; laborers poor enough, to compete wit
the world Our policy seems to be di
fcrcnt; under the tariff Of 1912, NOR
improvement was made in the modes q
} manufacturing and machinery, than i
any other four years of our history W
break up that system, put the mechani
on short allowance, and siarve him int
submission to an mimproving round q
toll for his daily bread
Take it on broader field In Nc'
/ Jersey, 81 500 600 are invested in tn
, manufacture of iron one half of that
. now unemployed, and fast wasting ava,
G In New York more than $4,000 900 ar
D invested in the same manufacture. an
! thrco fourths Of it lsll,250 600, clerc
. million f,oo handed and mn thonsdn
r doHars) are entirely unproductivc