The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1869-08-24
S1 %


For ore containing only 81 Per CT. '>.s<'' ~
add I ton more ore-or 50 Is
The difference Of the cost of produc-
ton is therefore 50 9S in favor of the
Carondelet mills, which is owing to the
cheapness of the iron ore. Thus, the
ore for making ton of iron in Johns
town costs SIG so, while at Carondolet
it costs just half, SIS %.
The cost of fuel on the other hand is,
in Missouri, 50 10 per ton, and in Penn
sylvania, s. 60, or q difference of So so
in favor of Johnstown. The other in
gradients cost IN Carondelet 65 cents,
and in Pennsylvania SO cents. This
clearly proves that the ore is the chief
ingredient, and that to try to make iron
where the cost Of ore is evidently 60 per
cent. of the cost of producing the pig
iron, is losing business, which could
not be sustained without a national sub
sidy.
The next thing that strikes us in the
different cost of producing pig iron in
the two localities is, that in Carondelet
where a ton of iron is made for S25, the
labor is paid IS so; while at Johnstown,
where the cost CT production is nearly
SO more ton, the labor is only paid 81
something over third less. THIS is
coRcluSice eUidence that the more cheaply
an article can be produced the better Mt
labor is paid.
We proceed now to show that the 50,
gold, or at 40 per cent premium, $i2 CO.
currency, duty becomes clearly and cx
clusively the profit of the Johnstowr
pig-iron manufacturers, and that the
working men get no part Of it. The
average net price realized by the manu-
facturer is $40, currency, ton; this his
profit is Sl2 % on each ton of iron. In
the above calculation of the cost of one
ton Of iron l find that interest and taxes
on 100000 investment arc charged
already on the iron; nay, even repair:
and incidentals are not forgotten. Hence
the Johnstown { Pa. manufacturer, pro
ducing, according to his own showing
10000 tons pig iron, clears, by and
through the direct aid of the tariff, S240-
000 a year, besides clear 6 per cent. OIL
the invested capital; or, to compare the
profit on capital with the pay Of labor, ii
stands thus
Net proceeds of 10000 tons
iron, at $40, sSOO,OOC
Cost of ingredients, S45S,600
Interest, taxes, and in
cidentals, $1,000
Cost of labor, $4,000
Profit on capital, be-
sides interest, 240,400
4 revenue tariff of So, gold, per ton
on pig iron would give the following re.
suits, without in the least interfering with
the wages of the laborcrs:
10000 tons pig iron at 50
tarif) would sell at S32, S640,00O
Cost of ingredients, S45S,6O0
Interest, taxes and in
cidentals, $1,000
Cost of labor, $4,000
Profits on capital, be-
sides interest, $4,000
-s64O,OOO
Estimated total number Of day
laborers in producing pig iron
in the United States who only
earn fair days wages of, at
the highest 50 81, and at the
lowest 81 rs per day, $4,000
Estimated number of iron lords
and partners in the feudal iron
corporations, who pocket SlS-
100000 year, 1000
Estimated number of vassals
paying tribute of 50 gold per
ton of iron to the above
lords, 39,04S,000
That Is to sag tco thousand men in this
country hare procured an Act Of Con-
greSS ackick enables them to take nine
gold dollars per ton from the people, on
ercry ton Of pig iron they make, besides
their fair proft.-Erening Post.
Francis Wells, 9l years of age, and
one of the earliest settlers Of Southern
Indiana, died at his home in Clark Coun-
ty, on the 14th. He had lived on the
farm upon which he died 63 years.
The Griffin Star laments the death of
the Presidents favofite mare, Addie, and