New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-04-19

will compel us 70 20 abroad 10 buy more iron. aul :
sN more bonds-and the more iron we have 90 buy
abroad the desrer it will be, while the more bonds W.
have to sell the cheaper they viii be. Common sens'
would seem 10 teach that such must inevitably DC the
case.
Tie present state Of things is fast producing rem
cdr >or dear iron, ard one that viii be permanent il
,he IA d.makers will TO labor to cut Their ovl
throar, as they have often done before Tue fur
rocss nav ia course Of construction are capable
we hear. o. producing from three to four hundred
thousand tuns annually ana the only Why they
are not twice ~, numerous that the pressed friends
OF the Railroad terest are always at work to prevent
the existence Of uything Ike confidence in the future.
The last session of Congress witnessed constant
struggle TO abolish IL duties on railrOidron, and Con-
cress adjourned leayn the matter ia such state as
TO warrant the belief Tat the struggle would be re-
newed at he present esson. Under such crcum'
stances few could afford to risk the for
tie construction of furnsce' or rolling mills and yet
the produce of both pig and bar iron has great! IN
creased Had Congress at the last session manifested
any determ nation that this great trade should NOT be
further nterered WITH the furnaces and mills started
twice or thrice as numerous as they have been. lie.
such determination be manifested aud the 10
nestle production iron Will 60 ahead fast that ia
FIVE years tine prices will be Eere much reduced
that protection will scarcely be required at all With
in two years believe the supply OF railroad bars
could he brought up 10 the full demand and as the
demand on foreigners was thus diminished the foreign
pIice would steadily diminish with stll greater reduc-
ton in the domestic. the duties would fall with
the fall OF prices Every step in nis direction would
tend 20 raise theprce OF bonds Let different course
he edopte3-let the duty railroad iron be repealed,
and the consequence Will be rise in the price abroad
accompanied BY fall il the price Of bones TO be con-
tnued until the next financial revolution, after which
we .h I'll 90 back to the protective duties Of the tariff Of
1872
The railroad interest has suffered greatly from the
cour pursued in 1850 Had the duty been made speci
&c as was then proposed, il would have saved hun
dreds Of most useful from ruin the manufacturers
would have fourshed, and fewer bonds would have
been required. Had that course been adopted. iron
would now be cheaper and bonds would be de,rer and
the gain Oh both would be far greater than the present
duty Tie consequence of its adoption is seen in
the fact that we imported of the former to the extent
of twenty FIVE millions in the last year and exported
so much of the latter that we have guted the market.
As remedy for this the distinguished author OF the
Nebraska bill proposes that shall adopt course that
Will prevent the building of any further rong-mls
and furnaces and thus increase the demand and prices
abroad willie ad ling TO our necessity for the sale OF
bonds
Ii was lorg since said that if could be saved
from his friends he might himself take care OF his enc
mics and such We think lie the case with the roadmak
ers OF our day Their profesed friends their worst
enemies and they will find if the Lit lie Giant
should be successful in his attack upon the interest that
is at this moment making market fol more OF the
products of the soil than is furnished by all the States
Of Europe With every reduction of duty they will Dd
increased difficulty in accomplishing their objects;
whereas, with every measure tending to increase the
confidence in the stability of even the present duty
they will find increased facility in doing While
they shall continue to keep the sword Of Damocles sus
pended over the heads of all engaged in the production
of iron they look to have iron low in price,
or bonds az high, as they could desire them to De.
In private life, when a has contracted debts to
such an extent to njure his credit, the remedy is
utUaly fouId in adopting measures that will enable
him to diminish his engagements and those who fail
to DO this find, with every step of their progress that
their notes sell cheaper while the prices at which they
purchase become dearer the necessary result of which
is ruin This Latter is the course now urged on the
nation by the railroad men all of whom will 6nd Ia the
end that the attack upon the ron'makers has cost
them pounds where it has gained them dollars, or pos
sbly even dimeS If they wish 10 prosper, let them
chsDge their mode of scbsn, and exert themselves to
procure the adoption of that will diminish
the necessity for going abroad to purchase for by that
they will gain doubly lowering the price Of iron on
the enc hard ard raising the price of bonds on the
other