The Vinton record. [volume] (M'arthur, Vinton County, Ohio) 1866-1891, 1870-01-06

Meeting of the Iron Manufac-
turers of the Hanging Rock
Region.
A meeting of the iron mans
ufacturers of the Hanging
Rock Iron Region of Ohio and
Kentucky having been called
10 consult upon matters Of in
terest 10 this district, in view
of the tariff on pig iron, cons
vened at the office of Hon.
Wells A. Hutchins, Ports
mouth, and was called to order
by Thomas w. Means, Esq.
President of the Hanging Rock
Branch of the American Iron
and Steel Association.
Representatives were pres
ent from most of the manufac.
turing establishments of the
district. But one, however,
was present from this county,
Capt. A. B. Waters, of Zaleski
Furnace Co.
On motion of Mr.. John
Campbell, it was resolved to
reorganize the association I'm
der the name of the Hanging
Rock Iron Association, instead
of the former name, American
Iron and Steel Association.
Mr.. l.. G.. .Damarin was elected
President; William M. Bolles,
Secretary and Treasurer; and
II. S. Bundy, A. B. Waters, A.
S. Norton, Isaac Brown, John
Campbell and w. Culbertson,
the Executive Committee.
A Committee on Resolutions
was appointed, consisting of
Messrs. L. z. N. Smith, Isaac
Brown and A. B. Waters, who
reported the following, which
were unanimously adopted:
"WHEREAs, There is an unprece-
dented attempt on the part of Foreign
Free Traders, to break down the IL
nancial policy of the United States, IN
reference to the protection of the Ia
bOrer and producer, in this country,
to accomplish which, large sums Of
foreign gold are being disbursed to
influence public opinion in favor Of
the repeal of Il part of the revenue
laws, known rs the tariff, the princi-
pal or only effect Of which would be
to oppress the labOrer or producer, as
to make their condition parallel, or in
lerior to that of the subjects of Mon
arches of Europe, and especially the
paupercd labor Of England. There
fore
"ReS0lred, That we. as manufacture
crs and laborcrs, rcsidingin the Hang
ing Rock iron region, while we DO not
defend as Il permanent measure OF
financial policy, Tor the people of the
United States, the tariff Of 1862 in all
its details. yet we do most sOlemnly
protest against any material change in
the general principle of that act, look
ing TO the revenues and protection
that it yields and affords to the Gov
ernment aud people of the United
States.
"ReSolrea. That we hereby accept
the issue rendered by the Free Tra-
ders of the Old World and their satel-
ties of the New, and pledge our con-
slant and unyiclding efforts to pre-
vent the adoption of measures that
shall affect, injuriously, the interests
of the laboring and producing indus
tries.
"ReSolued, That labor and money
were as cheap in the United States as
in Europe. pig iron and its products
could be manufactured as scheaply here
rs there, and we do, therefore, depre-
cate any system which will tend to
depress the wages Of the labOrer and
manufacturer, in its production
-Ienths Of the cost OF which being
labor.
"ReSOlred, That by reason of the
projection of this branch of American
Industry, giving promise of perman-
Grey, the manufacture of pig iron in
the United States has increased more
than one hundred per cent. in the last
four. years, and if capitalists shall
have hope of the same stability, the
year 1871 will show an increase in the
production, Of about three hundred
per cent. since 1861 and Which, if al
lowed to remain until the natural re-
sources in this branch of our industry
are fully developed, a full supply for
all demands would be produced here
diversifying and giving employment
to the labor of our people to an cX-
tent never before known, and selC-in-
terest, ifnot self'preservation, dictates
CAUTION against disturbing any ILL
dustrial interest of the coultry.
WIN. D. Kelly, Esq, of Cen
tre and Grant Furnaces, made
an exhibit of his business at
Centre and Hecla Furnaces,
for the past six years, showing
the average capital used, to be
$2O1, ,3l4; average profits, $14,
1872; average profit y per cent.