New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-02-21

Inc following extracts are taken IRON Inc Lon
don Mining FORMAL, the regular organ of the
British ircDmasters, and ss the views they thus
present appear to us worthy the attention of all
our readers, whether farmers, manufacturers,
traders or real estate owners, we give them place.
Dulirg the present year the prices Of iron in
America have been steadily declining; best brands
having fallen about s., and inferior qualities from
sI 10 $40 during the year. 10 the last three year the
make Of iron in Americs has very largely increased
from 1853 TO 1850 the annual production believed ID
have doubled to have increased from 500 900
tuDs to 600 600 tuns arr that is soce increasing at
fully 200 OCe tuDs per snnum This increase Is as
cTbed to the high prices prevailing in this country
since 1858 which have admitted of the Amero ans,
with their heavy duties competing with iron in
their own markets In fact, so far this competition
said to have gone, that native made iron, which
has hi heito been confined to the region west of the
AlleghaDics, is now making its way into the Eastern
States and even TO the Atlantic ports.
There facts have led some interested in the trade
70 the conclusion that would he soucd policy for the
Staff dshre ionuasois to reduce price, next quarter
dsy CO per tun, with view to regain the command of
the American market and to get nd o. the competitors
who sre supplsntng English iron IN the United States
Doubtless if the prce fiion could be reduced to that
extent fO considerable period, world ruin many
Of the American manufacturers. and would Tor tine
open the way TO large demand for English iron
=" considerable Improvement has taken pl ace 70 tue
demand fer ircn hYoug the country. Saes not
pressed 10 the extent they we're and orders are more
freely given out The demand from the nite States,
however has lot been nearly so great az hao been an
tcipsted: for the last six months the orders from
that Quarter have been one continued disappointment
The American merchants congratulate themselves on
the position of the English market prices Deiog lust
high enough to enable their own ironmas TO supply
the markets to The full extent of their production.
general reduction IN England is absolutely necessary
10 prevent the und, sable extension of the rh manu-.
facture in the United States
The price of iron, as We are here told, has fallen
so much in this country as largely to have affected
the price in England. What is the cause Of this
fall, as here admitted Increased american COM
Petition ercs under the e1istiny Tariff. Suppose,
however, the competition had been greater, is it
not clear that the price would still further have
fallen Suppose 1t to bave been less, would the
fab have taken place! 1t certainly would not.
Let us suppose, then, the competition to be
brought to sn end by Congress, will not the price
rice, and shall we not be compelled TO pay into the
pockets of British ironmasters the same amount
per tun that is now paid into the Treasury As
suredly We shall. Further than this, We shall then
be compelled to 90 abroad for the 49, 900 tuns of
railroad bars that are now made at home, and il We
pay TO the foreign monmaster no more than is now
pad into the Treasury, shall be fortunate. These
l75, 600 additional tuns will create demand for
gold TO the extent Of eight or ten millions Of dollars
a year in addition to what we now export. VIII
that help the money market viii it enable the
merchant TO borrow at legal interest Viii il en-
able hin to pey his rentl VIII il facilitate the
making of further roads Win it help the farmer
Will it not on the contrary, aid in increasing the
price of money! Viii it not reduce the home de-
mapd for food, while raising the price of iron
Such would, assuiedf, be the case
"Sound policy" on the part of the British ironmss
tiers, as We are here tolG. dictates Ae crushing
out" of American competition as the means of rails.
ing The Price Of iron Sound policy then, on tie
part Of tie American people should lead them to
put this great interest on such footing Of Sc
curity as would enable it cheaply to supply the
whole demand. Tho rhole eIpe1inee Of The coxn.ry
proses hOt The more Pt-f,eay Tho home market is
secm,d 10 airy branoh Of manntdstmc, the more
cheOPly is The commodity supplied. That being SC,
The question Of the expectancy of protection j. SET
tied III its favor; aid that it is So hold ourselves
ready TO prove wherever cur Free-trade friends
sre disposed to en'er upon the discussion Of the
question. We pay nov - for lead, which uudsr
protection, was supplies at So %, and that would
he now even less under system that gave tina.
cOnfdel ee which is indispensable for securing such
investments of capital as are required Tor cheap
production.
At present .beIe is DO security for anyb5dy-the
whole legislation Of the country being dictated by
scbsuers in search Of comm ssions upon he sm unit
of piuu6er they nsy secnre. The ironmssts-
works VIII tie ssor1 oi Dsinoclss suspended e7s,