New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-06
AMERICAN IRON INTERESTS.


AN IMPORTANT MEMORIAL ADOPTED-rTIB RRPP,L
or rHE TIN PER CENT REDUCTION Biz FAVORED
a NEW DEPARTMENT or INDUSTRY SUGGESTED
--RREg TRADE IN SHIPS DENOUNCED.
IRON SPECIAL CORRESPONDENTS or THg rRIBUyBI
PHILADELPHIA, Feb. 5.-Tho iron-produciug
teotons OF the country were well represented at tho
Iys~pS " Houl'0o' and Others held here to-day
the Continental Hotel ;or tho purpose OF dmagamatinZ
the several associations connected with the trade with
the American Iron and steel Association and promoting
tho general interests OF the iron industry The meeting
called TO order by David Thomas OF Catasauqus
venerable who the irst 10 smet iron ore with
anthracite coal and who has the production Of iron
increase FROM fow thousand tons 10 nearly three mil
lions per annm. Samuel j. Reeves Of tho PS@niEYile
Iron Works presided After extending o5riaI welcome
10 Henry C. Carey. VINO treated with marked
Difference, the regular business OF the meeting began
Tho associations representing tbs pig bar and railroad
manufacturers having formally agreed last evening
to form perfect union" with the Iron and steel
Association. resolutions were passed approving thai
measure ana appointing standing committees % rcprt-
sent tho several OF tho iron trade These
mittees were constituted "a follows:
Ion--JamesC Lewis Psbory' Wltm. Cat>saqas.
PeBn.. RoNlipd PhaIerhl. Geo. L. Res. hsw,at Peuui
on Ptg fronJ f. EsIsos. a. B. Cornell. c. Sour.e Henri
cose rit, sS Il AS iaiS B pisao cs f s
'oSn %1,@ i,o Mey''1' M Sss1s Wan.
Detroit A. Faier, Cleveland Oao Chester OnssO ror
w. Is g. Coke Reading Penn.
The meeting then considered an important memorial
presented by special committee Of which the Hon ID
j. Morrel chairman aud an animated discussion
ensued in which Messrs. Kaufman, Thomas. Pec,ine.
Horton Duree and Morrell took prominent part The
memorial read by sections, and when amended a.
below met the cordial approval OF the meeting THIS
important document expressing the views Of perhaps
the most influential and intelligent capitalists OF the
country on current questions Of National interest 10
follows;
To TIE Honorable the Senate ard House Of Representatives
ofhe United states Of Americd, Ia Congress assembled
The undsrs gned representatives OF all the iron anu
steel Industries OF tle United states Ia convention as
sembed beg leave to address briefly your honorable
bodies upon questions OF public Interest nov awaiting
your consideration and action IN which, as managers Of
many workmen, they feel most profound concern. Ia
common with other manufacturers they we're seriously
embarrassed, and obliged partially wholly TO suspend
operations BY the financial panic OF last september.
which overlook them at o time when they were making
satisfactory progress aud in apparent enlOymentO "
assured prosperity IL inflicted upon them great direct
loss, aud they must for long time suffer from its inlu
rous cOnseq uences Though money IS again becoming
plentiful aud business Is reviyiug the iron and steel
industries still seriously embarrassed, aud ~ SOME
branches which suffered most no Improvement Is yet
manifested. Your momoralist. believing In mo
duty OF selfhelp, have studied to Introduce econ.
OmIes and. far possible, o. ADJUST their oDohuOs
70 the changed condition Of affairs They endure pa
uenty the season OF general cIamy asking no speeai
sympathy or aid, but awaiting with cOnh1enoe sueh
measures OF genera relief as CongIes-, W ss Nlsuo
may devise Tor the dement, OF the country lhey OeeFe
that you will be willing 10 be aided In this important
rience suggest, and therefore express their vieRs
touching certain projects VI legislation without no
bin has been introduced into the House Of Repre-.
sentaYes 20 repeal the second section or TIE acc OF
the duties on a large number OF staple articles aud
which tended discourage home production. while
memordsts strongly urge the passage Of TINS repeating
act not a. PFotee9 soS Pn a nor os no
directly helpful to them, this action Will be morally
encouraging to manufacturers aud workngmen. ~
slO
deficit in its from the profits OF foreign traders
rather than by taxes upon ITS own citizens.
Your memOralIsis feel much anxiety concerning the
revised codhed laws OF the United states now pend
in the House Of Rerresentatlyes They have learned
they fear that the slightest changes IN the schedules
OF customs duties may be most injurious 10 business ia
aud the public revenue Tney respectfully sug-
gest that tho Tariff law should be omitted from tho
vsed code until reformed by the passage OF tue repeal
ing act herenbeOre prayed Tor ny the conversion OF
al yaorem into specific duties and the enargement OF
the FREQ list In so far 1t be effected without deri
ment to the industries Of tne country II this delay
cannot be granted they would ask that so much OF the
revised code relates To duties and taxes may DE ex-
AHMED by competent experts and published for the
Information Of the country before II l. hnaly adopted
Your mem0Iialists, sympatbiziDR with the general
wish that the Government may 10 brought into moro
erection of executive bureaus OF labor, transpora
ton, &c, and OF department OF commerce would
recommend the creation OF department OF Industry,
having for its head Cabinet officer. TO be entitled The
bureaus OF agriculture, Manufactures, and commerce.
These three natural grand DIVISIONS or human labor
thor harmonious organization, as above suggested.
seems necessary Is symmetrical Under IT, every
business question which becomes subject OF National
concern may appropriate reference Congressional
committees Will be relieved OF some part OF their most
abOrs and there Will DC less danger OF partial
or negligent legislation.
Your Inemoralsts substantially concur in the opinion
that egslatOu needed not only for present relief Of
country and the Treasury but also 10 guard as far as
possible against financial troubles IN future Pancs aud
periods Of prostraon OF business have occurred
from Tune to time IN all commercial countries Diner
ent financial systems seem alike liable to them and they
are quite as frequent and disastrous whom coin is the
standard Of payment as waen mixed currency or
paper alone lis employed Your memgrlalists Dehese
that the history Of the country since inc close OF inc
late civil war shows that Ito financial system. built
up under the stress OF circumstances winch strained
the utmost the credit ana resources OF tue hIto
well adapted the needs OF the Government and tho
people, and instead OF dscardng any Of ITS elements
they would recommend the following measures; Frst.
Lmitation OF the issue Of egatender notes to $4CO0o
second. Repeal OF the Limitation upon tne oIrpcy ana
freedOm bank circulation under the National Banking
laws subject such regulations as VIII eAd 10 anoru at
NH times and 10 all parts OF the country AN adequate
supply Of currency for the needs OF legitimate Dusluess
and TO prevent such periodical ana local ~dts as lead 10
Injurious speculation. Third. Consolidation OF the Ma
onal debt IN loan 1qT rave aSa o MAN S S
deemed retired only by purchase IN open market O
the Government
Mr.. stebbns Of Detroit then offered the following
resolution which adopted:
Resolred, That we urge more careful assoriingo
kinds and more critical classification OF qualities and
percentage Of iron In the ores as OF great importance 70
producers and consumers.
A resolution offered by Mr.. Williams OF Cltasauqua,
deprecating combinations OF either wOrkmen or Gun
poyers to regulate wages then considered by tho
meeting and nnally withdrawn, 1t being deemed In
iudcious TO approve any declaration which misntOs
construed into hostility 10 the workingmen Win Whom
EMPLOYERS at present happen IN most cases !" 10 0u
good terms. $500 .,...
mr. 20 con.der the interests OF the iron trade
~ win railroad building. lie showed that
price OF iron was srTa s rnbby NOT 3oS miles OF
railroad had built with the main purpose o. bring