The Vinton record. [volume] (M'arthur, Vinton County, Ohio) 1866-1891, 1870-11-17
THE RAW IRON INTEREST.
The Hanging Rock Iron Ass0-
citation Favor Protection of
American Labor and Oppose
q Reduction of Wages.
IRoNToE, o., Oct. 25th

AhoNIon, W., Ocl. zotn.
The annual meeting of the
Hanging Rock Iron Association
was held here to-day. A large
number OF iron manuiact urers
were present upwards of sixty
furnaces being represented
A general discussion of the in
terests of this region of the
country ensued, and the state
ments were made of the prices
paid for the different kinds Of
labor used in the manufacture
of pig iron. A comparison of
these prices with those paid in
European countries developed
the important fact that prices
here are three and four times
higher than in Europe. 1t was
generally agreed that laborers
we're receiving no more than
their we'll being required, and
that a great reduction of wages
ought 10 be avoided if possible.
1t was further stated that the
increase in the production in
the last few years had created
such q competition as to re-
duce the prices of pig iron to
the lowest rates, and made the
business hazardous for the fu.
ture. The following resolu-
tions were passed:
WHEREAS, The increase in the
production of pig iron, caused
by the great demand for the
same, arising from the protect
ing influence of the tariff of
1865; The improved facilities for
making the same, at the fur
naces then in operation, and in
the large increase of furnaces
in all the iron districts of tie
United States has caused re.
duction of eleven dollars pei
ton since our last annual meet,
ing, so that at present prices
! there is but little profit TO any
and an actual loss to many fur.
naces in It's manufacture; there.
fore:
Resolved, That in the opin
ion of this meeting, if it were
not for the very material re,
duction in the cost of the pro
duction OF iron, We could MOI
continue its manufacture a.
S present prices.
4 ReSOEved, That what manu-
facturers most need is stablli
!, ty in our revenue laws, an(
that competition among home
. manufacturers will reduce tht
price Of all manufactured arti,
cles as low as the. price of la
bor and capital will justify
f Re8olved, That we are not il
r favor of reducing the price o
4 labor to the rates paid by Eu
? ropean manufacturers; ant
4 whereas, We now pay from
y. three to five times as much a
/; is there paid for the same spe
b cies of labor, manufacturer
p can not prosecute their busi
0 ness successfully and develop
q the great natural and materia
a resources of this country with
Il out such protection to labor a
r will make some compensation
S for the difference in the price
: paid for labor and capital her
| and there.
: Re8olued, That we are in ia
s vor of the principle of proteci
| ion without reference to tn
|. reven nue. wants OF the countr,
i believing that byno other way
y can lair and remunerative wa
e ges be secure to the American
e laborer and artisan, and tha
/. the nearer the producer ant
o consumer can be brought to
= gether, and the greater varie
S ty of employment offered t
i the industrial class of the
|, country, the better it will be
:. not only for the laborer anC
/ the farmer, but for all classes
:; of our people.
fl ResOlued, That we tender oul