Spirit of the times. [volume] (Ironton, Ohio) 1853-1858, 1855-01-16
~t.RONTON.
sfs CONDITION AND PROSPECTS.

Il 4 tefmsr fssue. We stated ssms Of
ne facts connected with the growth and
xi,h DE future prosperity Of this place.
The manufacturing establishments
here are principally id'e, With the e1'
ssp,ion Of the Lawrence Rolling Mill.
Seeus Axe Factory. aud The Planning
Nills. t.
The Msssrs. BIAxDr long siacs sus'
psodsd ,hsir extensive operations here
consequently their ~o<ks will not be
likely to bs put in operation soon.
The Ironton Rolling Mill. owned
chiefly BY q company Of working men.
made an assignment in August last
Since shsn. ws learn that the stock Of
chat establishment has principally pass.
ID from their hands inso those Of the
Iron Masters Of this vicinity. with the
Psssidsat Of the Ohio Iron and Coal
Company st it, head. We should be
glad % sss the Mill 80 into operation
isSsin /; -. it 10 q matter OF sincere re-
ssst that this establishment should pass
from the Asnds Of those industrious men
Who wsre the pionsers Of the Bar Iron
,bssissss Of Ironton. and vino dsmonstsa.
ssd shs prae.icability Of successfully
msnuiacturins iron at this point. They.
By sAsis investment hero, raised the price
,sf less held BY speculators, chiefly men
who ere TO bs tho propristors Of that
Rolling Mill. some thirty per CONT
Nsvsrthe eless. II will be great help TO
tAs place and vicinity for that mill to 20
jsto operation assin. There is, at this
sims. more than e2oo. 900 invested in
hpildiass and machinery now idle this
~ attribute to the paper money system
of the country, and which no business
sssseity can prevent while we are chain
"a 10 paper money corporations.
There ere some other circumstances
that have contributed their full share to
sAs present depression Of business here.
One Of which, ws think. 10 permanent,
and will BE- ssSious clog 20 tho pros
pssity Of the place: We mean the high
lsies Of real estate. which has raised to
Sneh rate, that but few working men
can psy the rent charge. and decen,ly
support their families in prosperous
Zines. and who can lay up nothing for
siekns,s, or.o pay expenses in times like
,hs present. when all are out Of employ.
msnt.
The sxtraordinary advance in the
ps:ee Of lots in this place is regarded B.,
ealeuls.ing men a. disastrous to our true
prosperity. But it was thought by some
lhs. nebody was asintsrsstsd in the success
Of tho place but tho land speculating
sorporation that sold the lots.
1hs true value Of real estate has not
yst been .ss,sd, though it may he in lee,
lhsn twslvs months time, in q way ths'
viii not bs asresabls, especially il the
6nsaeial depression continues.
II This place prospsrs, it must b
through means Of its manufactures. And
il manufactures flourish, labor must also
prosper, and the manufacturers mus
hsys some other channel Of commerc.
,ben ~ Ohio River; for. in these days
y,piaiiy 10 hpsipsss trsnsactiops is o.
jpPertaps sls4ent Of success.
undss The present prospect. can work
ing men. asa clsss. prosper in this place
With the hish rates Of rent and provis
iens. ~ Do not sse how they can liy'
ecmbrsably. ~ 70 The prospect Of 70
dueins the rate Of rent. the price pai'
toflasd will rot permit It. 70 any extent
yttheut loss to those that have purchsss
lend-snd hpih upon il. The invsstmsn
n thsa land y psrmansni. and it shoul
yisli iss proper iaerssss. Rents are pei
5sps ~ higher bsss ,hap At Pittsburs Q
Cineinnsti. and the question 10 ofss
ssksd Why labor canpot prosper hare .
rell % 10 sshoss citiss We answs
1SsssIi atAss sxPsrsss are much hsavie
ISss. tkaa 4 Cineinnati. Or 10 sny
- sjnsss TiHss liks The present IL
Jhs eeadit;sp n shA working elsssser
Wj,A ths uest nsiOsity in eli The cisis