Bedford inquirer. [volume] (Bedford, Pa.) 1857-1884, 1866-01-19
Revenue FROM Manufactnres.

Z
Revenue From Manufactures
The actual revenue received from the
taxes laid on manufactures is mnch greater
than is generally believed IF the public
viii look carefully even at this single point
there will be little disposition TO permit for
eigners to do our manufacturing for Us, how
ever temptingly they may parade the ad-
vantages resulting from sileneing the iron
works on the Schuylkill and the Lehigh. in
order to send in better iron from Liverpool
and Glasgow.
In the year ending June 30th, 1864, tax
was paid on 276, 1872 tons of railroad iron.
made ia the Unitod States, the amount of
| 1895, ,064. Putting the several classes in
tabular form, iron was made in the follow
ing amounts and yielded the following reve-
nues:--
Railroad 276, 1872 paying 2g5664
Sheet and plate l64,92I paying 242.5l3
Bar and other rolled 20I, ,279 paying 279.gs2
Castings l72,5S5 paying 242,736
Stoves and hsllow ware S2,325 paying I23.4S9
Nails, spikes, &c 1859 paying 291,l7S
Total I,ol5,s32 1,474oo7
This is exclusive of miscellaneous manu-
factures of iron and ofmarine engines, which
paid three per cent
Marine engines 2,ls1,I4o paying 65,434
Miscellaneous manufae-
lures 65,os5,s9 paying 1897, ,962
Steel. and manufactures
of 12,151,5OO paying 99lln
To obtain the value of all these manufac-
lures Of iron price must be put to the rail-
road and bar iron on which the tax was so
much per ton Railroad iron averaged $40
to $120 per ton; bariron $3.50 to $l35; sheet
and plate, $50 per ton. Part of the rails
being Te-rolled. are put at but $50 per ton.
The values are probably nearly as follows
Railroad $21, ,429 225
Bar 27,1Tl450
Sheet and plate 9,235.20O
Nails, spikes &c 10, 0,A555
Castings 25,49I 100
Marine en- gines 2iSI.l40
Steel and manufactures of I2,l51. 500
Miscellaneous iron manufactures 63, ,390
Slse,l4O6l5
On this aggregate value the direct tax
actually paid was S3.S22 $40 in that year.
This is not all the revenue derived from iron
however. The amount of taxes paid indi-
rectly as income tax, and the various taxes
on coal aud on all the. .adiuu1ts of mauufac-
ture. would at least double this sum of direct
revenue. The labor and capital required to
produce $3.50, ,000,0 000 in value of iron manu-
tactures represent very large sums The
capital always exceeds the total production,
and the cost of raw materials and of labor
are nearly 70 per cent. each. SO that the
total values are nearly as follows adding to
the product sum to represent the untaxed
value of pig IRON
Capital $3.50, 100000
Raw material T5.0e0.0O0
Labor IS .000 zoe
Product 10000 goo
Revenue I0,000.Og0
Such was the iron manufacture of the
United States in 1864, an interest of vast
and vital Importance IN every way in which
it can be regarded 1t continued as large to
the end of 1864, but for the current year
1868, it is much reduced Congress reduced
the duty on railroad iron and there has been
a large amount imported in consequence.
Taxes 2u labor and material enhanced the
price to such degree that nearly all the
furnaces IN Eastern Pennsylvania were for
ced to go out of blast The rolling mills are
half of them sileneed, and the great machine
shops are far less pressed with orders than
year since. What policy shall be adopted
toward this leading clement of the national
prosperity Direct taxation on It's products
aud diminished tariffs ON the imported iron
and steel which compete with it may very
soon reduce the figures above given TO one
halt The friends of the Rebellion abroad.
and their agents and associates in New York
are all now devoted to the advocacy of free
trade filing the Journals in their interest
with clamor for their new cause 1t is the
FIRST duty of every man not in their interest
to do what ne may to sustain the great IN
dustries of the country, and to see to it that
they are. not ruined by the Vaccinations of
their enemies They are the great reliance
OF the country to maintain the public credit
they will yield larger revenues than would
be derived from the same products imported
Philadelphia H,qurea.