, 1870-03-17

~ to fulal certain conditions Of contract. that
tie cost Of pig iron manufactured by tho Read-
ing furnace, as borne On tue BOOKS ot the
conrary, did not exceed $25 per ton.
Again, siuce the presentation OF your state |
ment to Congress, that the average cost Of pig |
iron in tho anthracite regions OF pennsy3sania
without any allowance for interest on capltaD /
was, for tho year 1852 sa9: :l6 PEI ton and for
tha Commissioner has been called npon by
gentleman occupying high public Office tn the
city Of Washington, who submitted tie follow
ing statement, and offered to ve1ify the sa1no, |
il required, under oath, t-Wit:
Drring the past yeAr. 1869, he VISITED me
anthracite district Of Pennsylvania, and the
furnaces Of somo Of the parties hi6ninY tha
petition presented 10 Congress, and TINT IN Ee-
sponse to questions put to him relative to the
freely informed that tho average was from $24
to els per ton; the following statement OF
items being also futnishee:
Labor md ncldtnt4ls. ..-...-...-......-.-'&' '.oe
TWO tons u ..................,..::.. 6.so
Two aud ne-fourtl tons Of orc, not Including =,
freight. ....'...'.... o'sp
Total. .SzS.4u
Tho Commissioner vas further assured that
the info1mation thus given MAS carefully noted
at tho time aud placo, and in the presence oi
the pers ons communicating the sano, and, as
| evidence thereof, tho notebook containing tho
record Of such evidence Las been shown to,
and is now m the possession Of tho Colnmla-
| aioner. .....-,, -.-..
that he ia now in a1rnost daily receipt OF COM
| 1n,uications from persoEs IN tho different nun
| manufacturing districts OF the country, assu1-
! inv him that Ae has not been misinformcd il
respect to the cost Of making pig iIon, r.. ~, Al
cisl reports a1c in accordance with their know
ledge or experience. Az these statements are,
however, for tho most part, other ma1ked con-
| fdcnsil (from the unwIlingness Of tho writer's
to engage in controversy, or are based upon
indirect evidence, their use as an element OF
proof is not available to the Commissioner.
AZ sffcrding Indirect evidence OF the strong
est possible character in support Of Lis etate-
ments. the ComrEis1ionsr would, how asas, asE
tho citizens Of Albany, held January Is. 1s7O,
for the pu1poge Of forming an association to
engage in tie manufacture Of rig iron IN that
city, the same being reported n tho Albany ny
At this meeting, which was presided oyer By
Hon. EruHtus Corning, hi. Chaflea F. Sackett
| presented tho following statement q tho eaa-
mated cost Of tho manufacture OF pig iron in
tho above-rete7ed location aud also OF the
dividends paid BY the pig iron furnaees IN The
immediate yieinit.;; during the last thzoe Saa7s
| He saye:
Tho ores required to make it Will ccst m an
average, delivered here, EST per ton, and It
will take two tons Of them to make = ton Of
| iron. Limestone viii cost abont g Per ton
md it viii require two-tlirtls Of ton to tho
| ton Of i.nn. Tho whole cost Of g day run
, nirg expenses, including everything from the
Superintendent down, allowing Literally, Will
: ! be SEQ OF Is por ton.
, VIC will estiIlato Office expenses literally ut
a1D, ,0C0 per annum, or 30 cents per ton
Interest On capital Etock, including ordinary
wear, tear, and loss, 10 per cent, or s4o,ooo
. lie great contingency to which furnaces aze
subject is 6toppago for repairs. It il my
: orinion that fu1naces can be 20 built and opcr>
c atedx by using care, II not to blow out Tor Ee-
: pairs oftener n,an once IN tve years.
n England and Scotland it is customary tc
: run ten and fifteen yeara, But let ,,s suPpose
. that We will have to repair once o'e1y Gtes
i 'years. Tho cost Of 40 doing will bo Abou
1 so, Goo; but We will set asidc sl0,0oo per AZ
mum for this purpose.
= To sum ur,, = ton OF iron costa:
For ene eHe md anarer tons ii coa 1t * a.
For two-thir!s ion Of limestone a1 $-...-..- -
+ LatoT pct ton.......... -.................. Wv
~ 1et u say s26 per ton i lis primary cost
with largo allowances.
r. On . make Of 10000 tons Fer annunu
. we LaTe the whole
% Cost Of our production per anEun, SEQ 90
= Add for otoee expeEsss 1o,W
, | Ter per cent interest acd erlE1rJ repair
Sc, aside ior extraordinary repalss-.....-- lo,cs
= Making total lot......,....,.......,,s of $500
@ iOr So pei tony
IT This makes the value Of years pro $50 NJ
d peaaenng cost Of production. ss,W
:. y.,rc,,c, earnings. .t1te. y
It ,-1 ~ ~. - or ~. .s.,s ~,
J. We ean ras .m,;u y ,on ~ VI ID f<'' s'A' VA
d have not arrived at this conclusion withun
, liberal allowances in all directions It Is nc
~ tot one yeat 1ul tn1Ee o. NY A4u ~ - W.
Is neg oy ne iact inns 15e duasoo h5on Soups 1,s
n ,I - oo1. - tost ~ -. ~ u-.3:.-i
j. mndern T AZ e1esicpee h.ve na;d divdnnIs Of I
:, Ie1 cEnt .oa sne 'ass tAee se<1'' Ana ~ ps
o. ee1t p,ss,ousl 1,a s,o,toa ha-, t,;s ~,
G. oe 10 81 ~ ~ ~, ah;, 1,o,e tS - ~
Or ~. ~ ~ 1s7o ~ ~ ~, ,on =.
10 - 1.aa ~ e., e.. ~ aes-.-s ~ th;s ~ -
a taa A. nj - 4io~ ~. ~ ~ }a1t;no no,tet T.
!, s9s ~ "a nv ~ '0' 1N'As '3AAAe'' At
W. noTo-n ~, X us1,n1a ri ;ron rc.3c nn5e
,rr rersnnni rnnervis;fn a few weeks aeo. !
D. Gt:.!La+to n-,',rs ,,nsr nocheat"r ~ tSst ~
1s 1nsi;tr ~ n1rs sy,i1sh1a IN M herr n an
a. a. :ansnt!tr ay - e @eA41DAe ~ 40 1''' - ~
r.. a.na. ..1~ nav +bst - "a b.++s- ;r,, +b,,
II .tta- 80. &; sn..,.- ,.,d ,,.,,,S ,oat II :,
it, .a -. t q. - aa.ean a"o "o"o 01ee' ~. -
Tha = 4,n.ee ~ az Wh;c, ,b:s a,mn,o ~ i,o
OF - .s -+.x+ =. II -. 1.nT,- ~ 49, -
-. IT,. ,A.saJ Iae1,3 10 1s-4 49, 5;1;aa - -.
- a,,t ~ = 49, ,aos s1t-.;.+sS ~ ~ mi,a.+axr
In nes{;,.a ~ tt.+ thera 4.a 49,, sra1, ~ r. ~
n 49, - - sissA - ~ aaht 49,
he tpoat no slu". me Aanaees az ead .oa & no u
", na..ho - eeA4 ~~''es9 'u
1a91s 9T y! " " t19s.;s talnns.
I 1sTh~s 1890 = stra-s7o.,a atIar4 ,or ho;,
u .da e. g.. sr+ ~ tbnss f.rn-;,,, Sro -
b. aao on INC EafE OF tnoeo : .asonng 1Ico I .sae
be %e5-at e - ~ S hea4, >",,,,-,, ~
~, tsacSn u p on ~ oe:u 3; ..11-aha..9s
thsra ,~;iI - -i,.a+n, ~ ths n,;cs ~ nr, ;rs