New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-08-21
A FREE TRADE JEREMIAH.
he following solemn letter from British


iron merchant appears In The London Zines of Aug 8:
SIR: venture to solicit your powerful aid In calling
TO the present critical state or ono OF the most
important trades in this the ne f ron trade two
years, Is no doubt well known TO most OF US that
pepity, during which the difficulty to make IRON
fast enough to meet the demana Inc natural oohse,
To point which entirely put stop to the demand from
abroad. This tho state OF things just year ago.
and In the month OF October the manufacturers hndng
themselves with little nothing to do reduced the price
"a per ton with the effect OF causing revival OF the de-
ms9d ey nss the POINT they had
year. and with the same result-yls, an immediate
During these Violent fluctuations in this country the,
Americans have been Oily aud rapidly extending
next toImposssbe to sell English iron in tho United
statee. but find the American ironinasters
with US in Canadian market. Mesnw he. the price
OF English iron has already declined 81 per ton, With
having any appreeable efieGt whatever upon the
demand and think IL may be taken for granted, from
the experience of last year. that az least "a per
II this wer5 a however. should not have thought 1t
worth while to trouble you with the present com
municstion, but have left demand len, ana supply TO
fear however that with every months continuance OF
the present scale OF prices our foreign competitors are
gaming and strength to maintain the straggle
tho trade OF The world In ron and we may ind our
selves by-and-by left to lament the folly Which, by
aensted trade which we have always looked upon AZ
The late high prices OF iron have brought with them
theost exorDitant demands from coiiery owners and
the altered state OF things by abatng one jot from
their extravaRat pretensions Ny object In troubling
You With this letter ID solely to issue solemn note OF
warming tl,e coal-owners and wOrkmen az to the
conseQ OF persistence In their present
policy. Engaged In the iron trade as merchant, and
con eouOnsnearly all the world, am IN a.
inoson 70 kuowexacty what Is going and can most
tsoemnfy assert my belief that very few monthsmore
o present high prices OF iron viii have most dis
the foreign demand for all future
time. -, 6
present prices OF and labor. the coal
prepared sacrifice their best customers by demanding
price they cannot AFFORD to payf Is pretty wei I'M
derstood that the colery propretofs are
lous profits at the present me and, though do not for
moment dispute their right to get the best price they
can for their produce would yet beg them 70 consider
whether policy is wise with due regard 10 their
own future interests. 4.
In conclusion win give you extract from letter
received week from English friends in Amer
ca which WIN show how the present state OF affairs
is viewed that side of the Atlantic:
We that the manufacturers and producers Of s
will before OF the actual
atty 10 still they 10 retain foreign
trade this there must be determined and prompt action all
sides for much has sacrifice bngh
which woud DO Impossible 10 estimate Ali the
chief thus those Who cnsbk for it
via vongmou AIDED doabta 10 eItepi propreion or
stS.t Is viii Tsqairs dscicsd push get back
business enjoyed BY England The
this srong body backed BY Of ngc capt
opportunity h. and they will not lot It sithou
prices aud By advice otherwise place before The mahes
tbs facts their position that eI
efon the Of the before YET too late
Trusting that will lend tho powerful aid OF your
pen to the English trade beor is too late,
am, your Obedient servant MERCHANT.
Liverpool, Aug. 4.