The daily union., 1854-07-19
Here statement of twelve western railroads whicl
may be regarded as good criterion, by which we gel
al fher rpcc exn xnrnse and Rta E,rl

.s
Here is statement of twelve western railroads which
may be regarded good criterion by which we get
their receipts expenses and profits for last year
Lin. Miami sss1ss ssssi9.s ssR|%:s' ss|sss ssss s;s1::
Gin, Ham am and payon sa,.1s, aosae 2oe,s,s
eisvsaas and and "uSa comia: @ sss4s ds Ss5
Mad 1ss @ and Ink" sss,s's 4siia iia 1861 1S
H"a aaa and 1855 7s7s ssss ssas
Gaena aud Chicago ....... 473,54s 1885 2s6,l5o
Michigan Central, ..i15,sss 5ss'7sa sss,sls
Cleveland and Pi'sburg 432,5ss i654lo a67,a7s
Aggregate ............ 7,oso,l7a a4so,sos a5ss,a75
Net profits the above twelve railroads 9I per cent
There are other roads finished and long enough opera
ton 20 give us full returns for As the receipts of
profits in the coming year viii be than 10 per cent
This sir is taken from the Railroad Record and may
be relied upon good authority Here you find that after
paying every thing, officers and ALL the net profits
nine per cent Now, what other business in country
yields so much the investment? None. Why then give
these corporations the to build these roads when
that sort Of stock pays better than almost any other If
we must give these lands away let give them to those
who not only need and deserve them more but those
who will aork them better But sir these corporations
very modest not satisfied with getting more land than
will build their roads but they also into Congress
and nsk us 10 repeal the duty railroad iron by
the papers that meeting of railroad directors from dier
ent companies has recently been held in the city of New
York for this purpose and that they organized board Of
regular borer who to meet at Washington, and all
their efforts to not only have Congress repeal the duty
raroad ron but to refund the duty paid thereon for
time back. Here is copy of resolution Of OF the
companies: 3a .a6 a.ta.a t13
Reso1ved, That this company will cooperate with the
held in the city of New York. the 25h of February 1854
consisting of Samuel f. yinton, Noah L. Wilson, John
to obtain remission and repeal duty on railroad iron
heretofore to be imported, suspension for limited
tee $00 and that in the event of the repeal suspension
Of the existing duty Or Of remission OF the duty on i iron
pay to said committee, treasurer, demand in cash.
five per cent the amount Of duty remtted and also
repeal suspension such the company shall inn
port or contract for prior to July 1870 and that ccrt
fled copy OF this resolution bo forthwith forwarded to said
committee"
Here the way these propose to benefit all classes
They propose to buy up members OF Congress enough to
repeal and remit this duty and them like set OF free
booters sit down and divide the money The five per
tuni here proposed would amount am informed, to
half million Of dollars and this is to he taken out Of
the pockets OF the manufacturers and aborer and divided
among these borers
What would be the effect of such measure? Why, sir
would ruin very large and meroriou of men and
the citizens of my State would suffer most
is estimated that the production Of railroad iron in
the United States at the various mills for 1854 will be one
hundred and sixty thousand tons There are eighteen
thousand five hundred hands employed in this business
alone and the business supports population of over
ninety thousand, who consume in breadstufIs 49,,
100000 The capital employed in these works exceeds
Slooooooo and twohrds of this whole business is done
in Pennsylvania.
Here is list of sixteen of these mills employed in
making rails showing the amount of tons made by each
Montour Iron Works. Danvlle, Pennsylvania $1,000
Rough and Ready Danvillc, Pennsylvania 1000
l.ackawanna Scranton, Pennsylv 10000
Ph@nix Iron Works PhInixvie, Pennsy ylvania 10000
Safe Harbor, Safe Harbor, Pennsylvania : $4,000
Great Western, Bradys Bend, Pennsy ylyana 10000
New Works, Pittsbqrg, Pennsylvania 5000
Pottsyilc Iron Works. Pottsyile, Pennsylvania 5000
Cambria Iron Works, Cambria, Pennsylvania 5000
Massachusetts, Iron Works. Boston, Massachusetts, $4,000
Mount Savage Iron Works, Maryland 10000
Richmond Mill, Richmond, Virginia str8ge n 5000
Washington Rolling Mill, Wheeling Virginia 5000
Crescent Works, Wheeling, Virginia 5000
New Mill, Portsmouth,, Ohio '' 5000
Total lEa- a- 100000
TO this you should add forty thousand tons of bolts
bars rods spikes chains &C. which are to be made at the
ordinary merchant mills but used in the construction Of
railroads. and therefore embraced in the proposed repeal or
remission of duty Here, then these railroad propose
to strike down. at single blow, the making of two hum
dred thousand tons of iron which would blight over
the whole manufacturing interest of country. And
who is this for2 few corporaors STOCKHOLDERS, and
borers But am told this is not for their benefit but for
the general prosperity of the country Well here is their
circular and sec what it says
New YoRK March 81, 1854
Sn In entering upon the duties agreeably appoint
cnt of the meeting Of railroad companies, held in this city,
the proceedings of which duly forwarded to your a
correspond with all the railroad companies Of the United
States supposed to be Interested for the purpose obtaining
they will cooperate with in order that may know
to what extent incur obligations and make expend
lures in iurtherance OF our objects. 80 sn.
To make provisions for the expenses unavodaby incident
the prosecution Of the measure agreed the
that the should
for this the of Sl00 and that in of
there should be paid by each company the commit
tee for the further expenses that be incurred and
above avancc) five per the of duty remit
ted which be saved to such company railroad
heretofore imported by it, which it import
tract for prior to July L. 1861 by the passage of the law
laws repeating, remittng, suspendng for limited te
the duty such iron.
IL sufficient number of companies should be found to
into the to make cxpeent in the opinion
the committee for them undertake into effect
then the hundred dollars advanced be by
such companies as shall have paid the |
We enclose copy Of the resolution which send to all
be offered consideration your board or other proper
authority at earliest convenience, and that be ad
Sised of the result and if adopted that be furnished
With certified copy of the same.
VIII you also please furnish with information the fol-
owing points, The length OF your road The number of
niles in operation. The number of miles for which is
be provided The weight of rail to be used The number
,f tons upon which duties will be refunded if retroactive
obtained to take effect from July l. 1858, also January
, 1858, also from July |, 1852 list of the directors SUI
'erntenden and engineers of company and the post
ce address of each the committee wish
,ond with each of them the subject h
As the session of Congress is already far advanced it is
,oran ba your company should take immediate action and
dvse us of the result the to this communication
aust necessarily be the basis of our action.
Please enclose communication TO Henry " Poor
No. Spruce street, New York.
Very respectfully, your obedient servants,
s. f. vINTON,
NOAH s. WILSON.
JOHN STRYKER,
GEO. ASHMUN,