Dallas herald. [volume] (Dallas, Tex.) 1849-1873, 1872-05-04

NufiNf Two IiHl iNluN lllNiIN IiNN
bnoJ enormous md the cry vs., fll,i
IL Continues. Think Of an advance
~ fium ~ 10 80 per cent w ilis
important artlclo within tho limc
nan'od. Thipk Of the furnaces ol
the Who'll habiablo globe crowded
with work and tho demand iuc9uas-
ing above tho capacity Of tho mills
aud furnaces 20 supply IT.. Think
of railroad iron selling ut twelve
dollars per single Iall, and then
think of tho millions Of tons that
our mountains arc in labor with
The thYoes Of parturition so nearly
over that the services Of the nc
coucdeWS, Capital and Labor, arc
hardly required TO complete the
work Of nature. Think ofall these
things, and then think again Of the
frantic devotion on tho part of Ala
bamians to that modern Molock
King Cotton, which consumes al,
that is offered him and is always
unflled--who has swallowed more
fortunes than he has over produc
cd, and who will continue TO swal-
low so long rs he is the pctted
pampered and spoiled child the
South has heretofore made him;
The Liverpool circulars unanimous
ly agree that if the South this year
puts in larger crop than usual,
cotton will be at discount next
fall. But iron still continues to
rise. In this funny commercial
world cotton is very heavy. It's dis
position is to sink On the other
hand iron is light. 1t cannot be
made to sink.
Are our people asleep? Do they
dream ? Cotton can't save the
South. Iron can't save it. No 9th.
err ono interest or industry can save
it. We must have a diversity Of
pursuits, q variety of interests. 1t
takes all these to make a State, just
MS it takes all sorts of men to make
n world. We must plant more &C.
reals and less cotton. If one acre
of cotton will make more clear mon
oy than two, why not plant the one
acre in cotton and the other in
corn. "But if do that, and Jones
and Smith and the other neighbors
do otherwise, l shall have no cot
ton and cotton will have no value. "
Then why in tho name of Heaven
don't you SEQ Smith and Jones and
the rest of the neghbors and pledge
yourselves each to the other to
plant certain percentage OF your
arabic lands in cotton and no more.
Study the fable of the bulls that de-
fed the lion so long as they stood
together and presented q chevouc
&c frise of horns to his assaults
When they no longer stood should
or to shoulder the lion breakfastcd
on steak whenever he saw fit. 1t
is all humbug about your inability
to maintain Agricultural Societies
you have never tried-thcre's the
rub!
But we didn't set out to discuss
cotton. We intended to write more
particularly of iron. A little irony
on the cotton question was there.
fore excusable.
The Iron Age, tho leading organ
of tho iron interest in America,
says:
"Thc condition of the iron trade
of the world at the present time is,
in many respects, phenomenal. Ev-
crywhcre iron is quoted at high
and steady advancing prices, and
everywhere Il scarcity of all kinds
is reported, though furnaces and
mills are worked to their maximum
capacity. In Great Britain the
production of pig metal has been
contracted for more than year,
and II some instances more than a
year and half ahead. On the Con-
tinent much tho came state of af
fairs prevail. There is not enough
to supply the demands of the roll.
ling mills, and such as finds its way
into the market is eagerly taken ut
prices which, twelve months ago.
would have seemed impossible. In
this country, with every furnace in
blast, the condition of the market
is even moro extraordinary. Here
wo are threatened with pig iron
famine. The scarcity began to be
felt year ago, but at The timo it
was thought TO be only temporary
and the ironmasters werc cautious
about extending their operations,
fearing that over production would
again depress the market, and rem
der iron manufacture improbable.
In this, however, they were msta-
ken. In this section cast of the
Alleghanies, the last great strike of
the anthracite miners caused an al.
most total suspension of operations
at the furnaces. Many of the com
panies were compelled to blow out
their stacks for want of fuel to keep
them in blast, and they have not
since been able TO keep pace with
the increasing demand. West of
the Alloghanies the same results
arc noticeable, though not attribu-
table to precisely the same causes
Throughout the West more iron
is needed than the furnaces now ia
operation can make, and although
there has been no suspension OF
production, as in the East, the fur
naccs have been steadily falling be-
hind their orders, until there, as
here,the most difficult part of buy
ing good iron is to find some one
who has good iron to sell and is
willing to part with it. In conse-
qnencc of this steady Increasing
disprop9rtion between the demand
for, and tho production of iron in
this country, there has been rap
id increase in the value OF iron of
all kinds, foreign and domestic,
since tho beginning of last year.
"Within the past few years iron
has entered into uses SO manifold