New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-01-15

80 o
II will be observed that consumption OF iron In
every and of unwrought steer has largely increased
Has not the duty OF S. per tun on piglOn been emf
neny successful revenue measured think II mas
but its most abundant success has been III us power 70
cost OF domestic pgiron The Commissioner raises no
question to the relative quay OF British ana AmeIl-
can iron and does not rs remember state the quantity
OF annual productions except that m one OF MS hypO
hetica calculations Of the values realized rom dnerent
departments OF industry to state which lie was required
to assume some quantity, he places the annual pIonuCt
the asceraned production Of that That the aver
age quality OF American pig bar and railroad IRON If SUI
iron is an almost universally conceded fact but To- bazon
this to the world would not serve the interest 81 the Com
missioner's British friends and he is therefore silent
upon this aspect OF the question also. ,, -,
But though his report abUuds III bypoheses ana caeu
ii ar aitempts 10 tell us what we would have been
made TO pay tho British iron master for his inferior pig
bar sheet and rails II the American production OF pig
ro, had not been than doubled since the establish
ent TINS duty, and II the manufacture OF eass!eel
and rails had not also been established SO
many points within limits He Is not Ignorant or tue
fact that Ia little more than year past 50 new ps lu
uaces have been erected and That they are TO employ
portion Of the people " Is These furnaces have
increased productive power to nearly 26OogO tuns
per Arrangements are also making or tho eIec
on OF more furnaces during The year upon
which have just entered many OF which nave Deen
commenced. The estimated product OF pfiro LOT ,n
year 225OOO tuns about 50 per cent of the annual
average production Of Great Britain
IRON MUST DECREASE IL PRICE
These facts are repeat. known to the Commissioner;
and he knows also that by law inevitable that Of
gravaton domestic competition increasing ia such IA
ito must at an early day bring down the price Of iron as
it has that Of wheat aud -four and Of knit and other cot
ton and wooden goods point beyond danger from for
egn compel ton and by thus relieving us from depend.
etce ON England for first essential In great warwll
also make us her competitor in the markets OF the world
i'm "A field her supremacy in which has hitherto made her
the commercial mistress Of the world.
Will not offer estimate or what would nave Deen
the price OF pgrOu had not the necessities OF the GOV
compelled it TO impose duty that was protect
i've but to enable gentlemen to Judge for themselves.
submit the folio wing. On page IS Of the report am CON
sdenng the Commissioner says:
demand Of future hktT nisr
while the capts consumption otGrsa
Britain Belgium. e aoaIng for eIpOriaiol lss reached ls
No nation furthermore a. tie
present tine rrcron ofGrrst Britain, producing pgron
In a0a
entirely dependent
mon The uncertain cord beng able supply coal
that already excess Of one hundred and four million
-,
On page Of his report made January 1862 Mr. Wells
tells us that 49, $1,000.
In France annual product Of pgou 10 1896 2'3loo taH'
LA b q showing decline OF iluSiV
Of the trade shog aminuOn Of
ier 1916 compared with 1900 and Of co per eelt As compared
" 1907"
And in that valuable paper the report Of A. g. Hcwet
esq United States Commissioner 10 the Paris Exposition
world that eau largely expand its production OF iron
Mr. Hewett agrees with Mr.. Wells that II Is rTOblemat-
ica as 10 whether England for the present increase
her production materially He thinks she may MAINTAIN
her present position other continental producers
but beyond this he does not think she CO. by reason
of the depth her and the Intrinsic difficulties
producing the required supply OF materials aud labor
ductOn Of the world for 1ot6 stated by MI Hewett
vas IA fD