New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-04-20


Were II AT this uouentccrtau thatsIch the 1ispo
siti,n Of Congress- Millions uPon millions OF doll rs
would at curc be applied to the working OF mnes the
erection OF furnaces, aud tAe construction OF rolling
mills and the ore aud ue found 10 such vast abundance
in almost al the States com the Atlantic 70 the Missouri
would thus be pat in train for furnishing the material
with which 10 make the roads that are now so much
desired Every step in this direction would teHo TO
diminish the necessity for selling boads abroad. a'd
thus TO raise their prices Wide it would tead equally
70 diminish the demau6 foI iron ia foreign markets
srd thus to lower lis prices there aud here.
Missouri abour D. 10 ore that now is or'shOrty will
be placed in close alliance with the che'p fuel OF ILL.,
rCs snd it is with that ore and that flel conyertot
into bars that the Pacific Railroad should he made
That il may be So many furnaces anj many rolling
mills must be built That they may be od'lt' conf
dance the future il required In order TIM. confidence
should exist all hat needed is l y hose persons who
80 ac iyely engaged ia efforts for ncreas'ugthe
PRODUCTION and thus diminishing the price OF iron,
should be permitted to 90 on for @le time in peace,
esnred that they arc rot 70 be crushed by the passage
of law forced perhaps through the House under the
rreyogt question in tie absence Of large portion OF
IFS members 5nd in opposi-n TO the well conhlered
views of o majority of them Lee that conidef ce ex'
it and the effect sill soon be in increase OF
tie supply of iron so great asaree TO lower Its price
aud dminution of the necessity for gong abroad 70
sell bouds as largely TO increase The estimation IN
which existing ores are held With tendency 10 increase
il price
To those who msy be induced TO doub! he correct
rcss Of Il ia view We beg to submit the question
VIA would be ow the price OF ron abroad were we
forced to 60 20 E,elau0 for whole supply instead
OF doing 30 for only third Of il IL it not Obvious
that if sc Rad to 60 there for six or eight hundred
ttoussrd iuus more than we now do the price would
lie greater By two, three four five pouads than it
now ia We'll if domestic coppett On 70 the extent
Of two thirds of our consumption tends to keep down
tie clegn price, IL net clear that enlarge nent OF
il the extent OF eighths or niaetentns would
tend greatly toward forcing down the price to far less
'han its present point And would not its further
extension 70 point that should forbid the existence
Of any necessity for importation ted ss further to
diminish The price abroad, snd with that the psice at
hone Il go is it not quite certain that the establish
ment of truce with the people engaged 10 producing
iron would tend to diminish the cost Of makag roads by
diminishing the price OF iron and increasing the price
of bonds!
yocates Of the Pacific road 1t is mighty work
one that will require years TO execute, aud its execu-
ton Should MT be perled by the adoption of little
measures prompted by desire for making little roads
in North Carolina, or elsewhere. Money is even now
very scarce and there to fear that will be-
come vet searcer. Bonds are COW with difficulty
placed and there is reason to fear that the difficulty
will increase and not diminish The world is mach
disturbed and we Lave hourly admonitons of the Jan
eor that may result from Increased dependence on
the market il which We have been accustomed to sell
bonds srd buy tire iron with which roads are made.
Our railrosd makers low suffering heavily iron
the falte position in which they have placed taem-
lelves by adopting measures tendiny 20 diminish
the competition for he sale Of the commodity they
required to buy and tie purchase of the one
thus bed 10 sell. Let us 10. make another fa'e step
BY proceeding further in the same direction The
road that TO connect TIE two great oceans w be On
LaLd Tor years to come, ald Who now conjecture
VIA ttose years are to bring forth We have nov
aree revenue but so we had in 1886, ald yes Il WAS
but tie prelude to crisis that put stop to road
makir duIrg many years, and produced necessity
for the recreation OF national debt. That crisis H5s
consequence of the adoption Of system under which
Iilrcad ron was imported freq Of duty II tie ruin Of
tie domestic manufacturer and to the ruin Of post Of
tcge wto went abroad to sell bonds, with which to
purchase iron tia, might and should have been made
al home. Like causes tend to produce like ef
fec;S, tni should ttey lie produced, very many
years nsy lie required for the completion Of the
gTce'et Of II the roads Of tie world and il! ID because
we would desire to prevent such delay, or any delay
indeed, that we eal upon all is friends to reflect mos
cs,ef-, ."f'Fe tie! determine uoon the adoption of
ury measure tending 70 diminish TIE daily increasing
tendency toward the establishment Of domestic com.
petition with foreign producers for supplying EN- with
bars, viii which it nluir se maze, ard for the pur-
chase Of The bonds with which It Ianss be graded.
Some Of tie friends Of Ills road are great syo,ases
Of what they ca per ect free trade but they nsy be
ofp}std to consider VIE her one Of the best Of al
na1ims IS lot 70 he found in TIE two brief words,
fesira leDte.' To make haste slowly" s good
rule N all eases. Nsd lot the people of the South
ara Wet been SO determined to have railroad iron
cleap on the instant II would never again have been
a. high ss il now IT, AID they would have escaped much
81 the oss they experienced few years afrergsrd.
Everything is low tending toward tie chelpeL,ag of
iron and toward the diminuton Of necessity for pro
lection snd all that is needed IT, that they should
be content with seeing that progress is now being
rapidly made in the right direction.