The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1873-07-12

08te1AISb &C 1890. LIZ Nd
BlaSksniithing 80. Ga 60 Is
Foun'y 0astings ...ss..1o 2os So 90
Totol ....s.r$1O,4 33 So
Product 655 tons No. 1 mill iron;s
cost, e16 81 per ton. Ore yielding
81 78-1O0 per cent sob Ia
During these two months the
whols amount Of pig iron nanufac-
eddy this company, sas LAS
toms, which cost 316. ITO 96, or
$500 PSF ton. The IRON ct the
furnace WAS worth $40, 90 Per ton,
or ~, 800 for the whole amount
produced. Now, deduct the cost
Of production from what the iron
was wseth at the furnace, and you
lave 43as009, on, or . gain Of more,
than tvs knndred and sssvsnty-five
per cent on the original cost Of
production. Il seems like this il,
quite Sufficient profit without a high
Protective Tariff. Pig iron is made
in Indiana, Missouri snd Ohio, at
about the same prics. ealA 9t 81
The following RESOLUTIONS passed
ct the annual meeting Of the Ma
tional Association Of Iron Manufac-
turers, 1t Cleveland Ohio, : few.
days ago, viii explain how the,
farmers and Abofing men II ths
country ere annually robbed Of
milhons Of dollars BY this Iron
Monopoly 3 haa s'noaa aidio :,
sResolved, That II i the sense Of
this meeting that ths~urrency now
in oircnlation il indsqnats 70 the
requirement of general business,
and We suggest - . permanent
remedy, the enactment Of 5 freq
banking INV; and, meanwhile; until
such . law can be snsstsd, IL would
IN our Judgment b. Mpedient for
the Secretary of the Treasury 10
reissue the "a, 0Oo; poo legal tender.
reserves ga . - 'il'A "a
ssResolved, That Il = thssense Of
this meeting that il tho present
condition Of the iron irade In this
country, i il Desirable that the pro-
dnction Of metal should be curtaikl
ed as far q possible, until more
favorable market il established, and
that . copy Of this resolution be
sent to each member Of The Asso-
caanon- ioas assafel aaf r. fv
This iron monopoly has enjoyed
the proceeds of . tax or tariff, inn
posed upon every scrapo Of iron used
either directly OF indirectly, for .
long time. By every man, woman
and child in the United States.4
Ships constructed Of iron cannot
be built in this country on account
of the high price Of iron. There
fore, our carrying trade with for
osign countries has, mainly. to be
done by foeeign vessslA which II :
great loss Of employment, to our
cit;xens and profit 70 tho country.
This il one of the great sources Of
wealth TO England, and occupies
the next place TO her great manu-
fActuring interests, which has been
carried on most successfully for a
long time against the nations of the
earth, without one cant Of Protec-
tive Tsrif. Again, the construo-
ton Of locomotives md railroada
have been rendered 30 costly By
this iron monopoly and Protective
Tariff, owing to the increased cosl
Of iron, that the costs Of ffeightl
and travel have increased to sncl
On alarming extent that the inter
nal commerce Of the country be-
gins to suffer. J
The 1armsas come n . Q larK,
elAss tf The greatest suffers undel
the operGtions Of ahiGh ;psotsctiv'
tniG IA number six lplow Ltha
cost from eight 70 tan dollars be
fore the war, under tAs operstiom
Of arsyenus5 tarM, now sails fol
twsnty.two dollarA cash down, ani
,}otA Of gunbling The mechanic
Who makes the plow, receiving
largsr wages # u tzus; hnt not .
much A. he did before the war, i
proportion 10 What he has now =
pay for Whist he il compelled +
nv. 80 + II in every msnufsetus