Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1870-10-01


which Is the cost of one ton of hot
blast charcoal pig iron, seven dollars
of Which Is interest on Investment.
The capital invested, and number of
men employed is excessive for the
product. Two furnaces of the ca
pacity of LAGRANGE and Clark, both
hot-blast, ought to yield 1000 tons
per annum, which would reduce din
terest on investment" to $3.50 ton,
and the cost of a ton of met to $40. Is,
say $40, Which s fully SIS q ton less
than the same grade of metal costs
in Pennsylvania and Ohio.
Thus you see, gentlemen, that the
manufacturers of pig iron i'm our State
can pay freight to Pittsburg, insur-
ance and commission, of So a ton,
which is ample, and sell their iron at
$35 ton, the net cost of production
at the furnaces i'm the States named,
and realize profit of 500 a ton, OF
for the product of two furnaces like
LaGrange and Clark, for one year,
S49, 900, which would pay a dividend
on an investment of $3.50, 900 of over
10 per cent, which ought to satisfy
any reasonable man, especially after
he has charged capital with the in
terest, at per cent.
The cost of a ton of cold blast char.
coal pig iron, on the Cumberland, at
the establishment of Woods, Yeat-
man & Co., and Hillman, Bro. &
Sons, where the facilities for making
iron are equal to those at LAGRANGE
and Clark Furnaces, Is S35 ton.
The difference in price Of ordinary
cold-blast charcoal, and hot blast
charcoal metal, at the great iron mart
of the West. Pittsburg, is only about
SIS ton in favor of the former, while
the cost of production is SIS ton
greater. It Is true, sirs, that cold
blast charcoal metal Of peculiar
quality, suitable for car wheels, COM
mands Sl5 ton more than ordinary
hot-blast charcoal. For instance, the
latest quotations in New York Is
"charcoal metal" $40 to $50 O ton,
embracing, of course, the two ex.
tremes, inferior hot-blast and super.
Tor cold-blast. A furnace of CAPACITY
to make so tons cold-blast charcoal
metal week, ought to produce Il
tons hot-blast metal. The cost Of
the first, on the Cum berland, would
De VI, lou, anu vi OitO cCCOlOg PA,OOO
Admit the first brings the maximum
$50 a ton, 1t would net So, 900, and the
minimum, $40 ton, would net the
same, $1,000, but the cost of produc
ton Is $3.50 less every week for the
hot-blast, as compared with the cold
blast, which would amount to pro.
fit Of $l2, 500 per annum above cold.
blast metal.
The Cumberland and Tennessee
Rivers are bordered with extensive for
ests OF timber, and the hills along the
margin Of these beautiful streams, are
rich in brown hematite ores, over.
lying limestone. There Is no section
Of the West or South possessing sc
many advantages for making hot.
blast charcoal pig iron,
A furnace, with all the late i'm.
provements, go feet high, 16 feel
across the boshes, can be erected al
an outlay of $4,000, which will pro,
duce one ton Of metal an hour, "a
tons a day, S,400 tons year, at a
cost as follows, quoting cost of ore
and coal as in the statement under
consideration viz:
2 tons ore 81 %. ...... ...........".S2 80
100 bushels charcoal 7c.......... 7 90
Superintendence, Labor, &C.,
per ton metal. ..... 8 30
Limestone, per ton metal.....,... so