The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-06
IRON INTERESTS.
Important Meeting Of the American Iron and
Steel Association at Philadelphia-The
Cor dition Of the Trade-Efect OF
tho Ten Per Cent Reduction


At the meeting of the Iron and Steel Association
to-day Hon. Daniel ]. Morrell called up the memo
rial which was read in committee last night Mr..
kaufman moved that the paper be adopted as the
sentiment OF the Convention, and that copy OF
the same be forwarded to Washington.
Mr. Williams offered amendment that the
paper be taken up section ny section and, upon
being put 10 was agreed to lake up the paper sec
ton by section The preamble was first read. Mr..
David Thomas thought IL would be well to mention
in the preamble the various branches OF the iron
trade represented to-day.
Mr.. Joseph d. Weeks, OF the american Iron
Manufacturer desired to be instructed as to his
standing in the Convention. He was OF the i'm
PRESTON from remark he had heard the CHAIR
man make that none but members OF the Ameri-
can Iron and Steel Association could take any
authoritative part III the business OF the session.
The President informed the gentleman that it
was convention OF the iron and steel interests Of
the whole country, and included every one in the
trade, whether he was member OF the assOci-
alton OF not.
Mr. Thomas suggestion concerning a preamble
to the memorial was then adopted.
Concerning the repeal OF the ten per cent reduc-
ton act Mr.. Pechin, OF the Dunbar Iron Company,
denied that the reduction discouraged home pro-
ductOn, but was OF opinion that, on the other
hand, It encouraged IL. In his remarks ne said
that certain establishments in the pig iron trade
were erecting magnificent buildings and were
certainly working without any view TO economy.
Mr.. Bennett, OF Pittsburg, arose and denied the
much economy exercised by the pig iron trade as
any other iron interest in the country and thought
that the gentlemans speech was nothing buta
TRADE against pig iron manufacturers.
Mr.. Pechin arose TO point OF ORDER and stated
that the gentleman had mistaken the tenor OF his
remarks, which were not general, but referred dis
tinctly to certain establishments
The next section was agreed to as read.
The Bankrupt act section was amended by strik-
ing out the words ''or five-sixths'' on the motion
OF Mr.. kaufman, who thought 1t was better TO
adopt three-ourths, as that number Of creditors
usually managed Dankrupts affairs.
The remaining sections OF the memorial were
adopted as read with the exception OF the clause
Gus IRON trades, which. inasmuch as 1t did not al
feet the sense of the paper, was stricken out
Mr.. MoOrhead moved that the paper be signed by
the officers OF the association, printed and for
warded TO Washington. Agreed to.
late b, adding to 1t the signatures OF the charmen
Of the various committees OF the different
men who represent different Individual firms. the
motion was received and agreed to.
Mr.. Stebbns offered the following
the highest that the quail
e on Gres ne M
in this matter the large demand for ores the past
lowering q the standard of purity detrimental to all in
That careful Of
ss aa as Oh
The resolution with It's preamble, was adopted.
eating the necessity for trades unions, OF either
employers or employees. FOR the regulation Of
wages lively DEBATE ensued, which, in the end,
caused withdrawal OF the proposition.
Mr.. G. 5. Durfee, OF New York, offered the follow
ing
Resolved That whereas the cost Of the iron in railroads
and rolling stock about third OF the total OF
such roads; and whereas the demand for iron for rail
road building by far the largest upon which ironmas
tiers depend for their business and whereas the mutual
nterdependence OF the railroads and the iron makers
both t. construction on the one hand and employment
the other is such that there be cessation
without a cessation OF the other;
Resolved, That a committee OF this association be
pointed consider whether the iron makers of the
country, whole, do anything to develop
railroads and cheaper the cost OF their construction.
! On motion, the resolution was referred to the
Executive Committee OF the Iron and Steel AssO-
citation.
! Mr.. Joseph Wharton offered resolution instruct
ing the Secretary TO take a list Of the gentlemen
present, with their residences, which was agreed
to.
Mr.. W. E. c. Coke, Of Reading, offered the follow
ing
Resolved That the meeting cordially approve Of the
proposed exhibition OF iron and products at the
Centennial Exhibition, and that we promise indi
vidual cooperation TO the American Iron and steel As
ISOLATION in securing Just sentauCn OF the
sources OF the country.