Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1853-04-15
Railway Iron.


Fines will be read with attention by al
engaged in the construction Of new line
tway. who have yet to purchase the
If it be true. as stated, that it will full,
y oil the rolling mills in the world which
gagged in making rails, at least six year.
ePly the iron for the roads already begun
of those projected must wait long time
- lo complete their lines. and the Difficult.
not fo be overcome by any increase in the
of iron. y
sudden and great advance which has re.
taken place in the price Of railway iron,
snmfance Of unusual Importance to va
Qeeests Of this county. In less than a
3e pnee of railway iron in Great Britain
the principal seat Of its manufac-
3fneonesoiling market---hss advanced
1ox 1850 per ton. There is
d. lAeifsil sSort Of S1sor 9t4'PsFscE
6ix yesr6 ! - went up much in the same
way. rising is very brief period from Is to
[f12 per ton. This advance. then. was produ-
ICED, it is now. by the pro occting and construct
ing Of great number Of railways, with the es-
ental difference .ha, the mania at this period
ss confined chiefly to ngland, whereas now It
ediffused over many countries, raging most iu-
desslyi in our own, and embracing much vast
1Fregate Of projects. The railways in pro
cress which produced the great advance in iron
in 1877, did not exceed three thousand miles in
aggregate length, though much larger amount
was polected ,anl afterwards partially abandon
ed. The investment Of capital in these British
railwys caused the most disastrous CONNER
cal svulsion ever experienced in Great Britain.
1t eincd many hundreds Of her richest NOR
chans, and produced long continued prostra
ton { every in lustrial interest, from which it
requied years oil patient labor and e"""
kecovr. .oss;hle to the
M i onpears to be quite certain tha' tne.1
:. nns in progress, and III actual cou'Se "
an.,ucton, in Europe and America, a:Ss.
r.rty thousand miles Of iron ra''roau' o.s ~
vas; amount Of projected ra'ifoaa "o. n
mn. which we DO not take INTO aoec 600 h.
".s "srs 70 Europe, and $4,000 at least 70 'n..
o"o oxlns;ve Of moro than 900 mhes nov
..,o,;nc in Canada. We have seen ns
s. az, oe the railroads now under way a
III State which amounts In tne aSS
'a." ,h.n "A COO miles; and which list mas u:
,.vs,a,c1 rather than overstated the 'fu."' ~,
III. State alone it omits 60 niles OF ran 'oaN
sc,ual construction. and has made s'in.'". sa;l,
IONS as to other States. However :.;. :,
he aggregate may appear a. mrs. ,;nv ss - MAJ
possible for the most ca'e'a'
nv deduction from IT, ,,..a ~
x1.;1.avs require at least one hund,eo 80
10 ner mile, for a single track. and OF
a.ds in progress in Europe. I, 900 Will oe m.
'".I, "au ,r,ck road. 1t follows from this that
.:I...r.now in the course Of consttnc"o"
E'rone and America will require Tor tneH Io 81
'..:ap M less than two millions and iont ~
Pleu'n Pa ,hon.and tons of iron. To make
a"sn.i,y ,,v will occupy all the rolling m'lls IN
,rorld. which are engaged IN the "a"I'o.s .Lo.s
os ra;jway iron. at least SIX yeats-."oSs'
.. o.. R,;,ain furnishing three -fourths' ana
Urea Urea, S,s,e. France and Belgium the rem'
c.,h The bes. authorities do not ese'H
ns ,.-.es, quantity Of railv ay iron IN any
..r even as high as 100000 TONS ye'
~. rate il will take SIX years 10 '"'"'s"
~ The roads already begun
VI IT,. .a nccessary consequence OF this st1,
hat the price Of railroad iron VII
i,h =. lent, IN. but turther advance an
pny n:y...;ned At very high prices for long
rh;s will make the manufacture u 10.
IN the best manufacturing business ~
!. undertaken in this country LOT some
=, !, i, affirmed that the article ~nlen n =
.i,;ne at so, with every ProsPecs c' :,
.r 70 a, least $50 per ton. pays 'a'
Ie maker At $50 per ton. ,h,
n. advance in iron will nesfiy uo0o.
..., e many Of the railways a tne :.
o.sh for the COS. Of grsdins upon some o.
~. les. per NILE than the cost Of the IRON
80 !, .dsaneed. The profit to lev
mn.n;es uhieh have secured their IRON
o,.t vill be very lsrse. The English :, r
ensr.n;e. are now compelled to pay =
o.f o- n,re for 4heir iron at homo. than IN
W, :. -h;ch or railroad companies were z
- obtain il about year ago, he'9n' s"a
inelu6ed.