New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-01-17
PROTECTION TO AMERICAN INDUSTRY.
ANNUAL SESSION Or THE AMERICAN IRON AND STEEL
ASSOCIATION RESOLUTIONS ADoPTEp-sPEEcH OF


city this morning But little business excepting the ap
pointment Of committees was transacted at the
morning session. The meeting this evening was
very large and earnest and many members of Congress
and other prominent persons interested in the protection
of native industry and manufactures were present and
participated. The Convention called TO order at
o'clock by the VisePresdent, Samuel j. Reeves, the
Chairman calling for reports from the various committees
appointed at the morning session. Mr. Scranton, Chair
man Of the Committee the Tariff stated that that
committee had meeting but nothing definite had been
arrived at, and asked to have more time allowed in
which to present report which was granted.
The following is the board Of managers chosen for the
ensuing year: +. b. Ward, Detroit; Chas g. Wood Phila
JOS W. Cooper, Pittsburgh; A. s. Hewitt NewYork city;
Samuel Thomas, Hokenduqua, Pa; J. II. Reed Boston;
Mass JAS Park, r Pittsburgh; JOS Kersey, Cincinnati,
VIM. b. ogden, Chicago; T. D. Blair, Pittsburgh; j. A;
Grswod, Troy, N Y. JOS A. ecrantOn, Pa; A. b. Stone
Cleveland; b. T. jones' fittsbsrgh j. r. Thompson Jer,
sey City; Chas Wheeler, Phs. C. A. Wadsworth, Buffa-
10; W NJ Lyon Pittsburgh Horace Abbott BaltimoEe.
Lord Indianapolis; Simon Cameron, Harrisburg Thos;
Beaver Danyie Pa; Joseph Harrison ST. LOUIS H. g.
Morris, Phila; Il. Hammond, Hollldaysburg, Pa; a.
Hunt, Bethlehem; Percyal Roberts, Pha; Jas Rogers,
The following portisn Of the resolutions adopted:
"RSolred That while the increase of duties on iron and
steel beyond those existing may cause temporary
increase OF prices the effect OF protective duties which
establishes industries to the point of competition with
rival imports is ultimately to reduce prices to consumers
tarff on amounting TO one hundred per cent in
crease previous rates under which duty the produc
down the price Of the imported article from sixteen and
half cents pound TO thirteen cents, and that when gold
tastsee consequently had to be sold at forty three
cents, American Of equally good quality never sold for
than 80 cents and It is also true that previous to
the present extensive preparations in this country 10
make Bcssemer rails, the English agents charged for
learning that We were going largely into the business
under The expectaon Of an increase Of the tariff Gam
missioner OF the Revenue for use in the revision OF the
Tariff that the wheat ana corn crops OF the oRea states
tty there exported 10 Great Britain $50 bushels
Brain from All Other countries; that of the 4932oss
cwt. OF wheat flour imported into Great Britain
while on the other hand, and the STATE OK
NewYolk alone In 1860 required bushels OF wheat
SUMPTION while Of the value OF the whole agricultural
products OF the country for the smc year. including hay
but excluding cotton rice and sugar only y per cent was
estimated to have been exported leaving ga per cent Tor
prove the worthlessness OF the foreign market to the
farmers OF this country, and demonstrate that the inter
building mp home manufactures under the protection of
tariffs increase the nmberof consumers of their
them steady and romuneratiye markets
"Resoied That half eenturys experience proves that
except What they reeve from the existence and extern
sion Of American manufactures that every pound Of i'm;
imported cloth every, pane q Imported glass
every article imported the elements ton OF IN wh0Se
factured form of farm products and labor which i'm
direct and injurious competition with the products OF the
farm aud labor OF the United States aud the interests of
American farmers, mechanical laDorers ana inahuiae
tuners aud indivisibe, and require that they
should act together to the undstbed possession
Resolrcd That We rejoice at the increase OF Protection
given by the Finance Committee Of the Senate 10 the
woO growers OF the United states. and We invite theireo
90 rs To- M for themselves permanent and ever i'm
proving market for their eeces in the successful esab
facturo and in the ability Of wspad labor and busy
people 10 buy and to consume
The resolutions were unanimously adopted
The Chairman having extended invitation 20 any
gentleman present who felt interested in the objects Of
tie Association TO submit his views, calls were made
for Mr.. Greeley, who came forward and said
he thought he might fairly begin by eongratulating
the Association very decided improvement in the
sentiment OF Congress toward the protection of the i'm
pcIiled branches Of the national industry. Applause
lie had been here but day. and yet in that day he had
talked with quite number OF members Of Congress who
did not stand by them no thought they should have
done in the action taken the bill OF the last session
He hailed this Improvement with joy the more so be-
cause Lie considered IL result Of consultation with
their constituents. IL was q healthy uprising OF
public sentiment making itself manifest through the peo
pie and Congress He would assure them that there were
half dozen Senators who voted to lay their bill the
fable at the last session. who did not vote at ALL who
are now prepared to sustain at least effec
tive and protective in Its character that bin Zap
pause They thought there reason for deferring
postpong the bill of last session. He regretted that
they thought so, because, while he admitted that
their measure embodied some imperfections, as
the most perfect bill that be drawn Will
embody, still he would call the business OF this
country to witness ths had that bill passed six months
ago the Of indebtedness to Europe would have
been 100000 eco less than IL is to-day [Applause We
should have called into or kept In our workshops very
large body of citizens who have been wandering about
the country seeking subsistence, or vainy staying at
home waiting for employment to TO them. In the
City OF NewYork there over 100000 abe-bodied men
and women yanly seeking for work. They wished to be
useful hut no employment was furnished them and In
that state OF affairs there Statesmen, socaled who
cooy say: "Shut up your manufactures, put out your
forge fires What matters it whether these people be
employed or notl II they are not employed in your
fhops they will find work somewhere else" He would
say it was not true that they would find en-
poyment elsewhere. Ii was true, rs stated
In the last Of tho resolutions, that an Indispensable
condition OF resumption OF specie payment Is
unpaid Tor or paid for only with national promises, and
sold nc thrceqaItcs of their face There was no mys
terry about specie payments Neither he nor those as
scblcd here any OF the business men of this eOun
try will run to the Treasury OF the United states Tor s
gold il II should proclaim tomorrow that t had resumed
specie payment He ventured TO say that the Internal
Industry Of the country would not call upon II
for SlOO,O0O.00O. lie himself was connected with -
business-the newspaper business OF something like
IL 100000 and he would not ask the Treasury for $1,000 OF
very sound might U BE- very but he wanted
thing that could DC ncosod envelope, without let
ting folks know what 1t was, and this purpose was
answered by the of paper money. III We Hood the
country with goods In excess Of tho amount OF our e
ports OF produce must pay for II in one OF two Things
either in gold or these national promises, when are
dsacef which sold for OF their iace
although drawing larger interest than the bonds Oh 't
bankrupt governments of Europe, which sell NJ par ~
was indispensable TO the hour and to the prosperity OF
this country that should promptly az least return 10
solyeney In the currency, The mporadons ana the I'M
porters stand In the way, for every man VINO potte1
sOo0OOO of goods called upon for $0oOO OF specie u
pay for them except so far rs someoV ~, v i,i f