, 1874-02-06
IRON AND STEEL.


Transportation Schemes.
Special Dispatch 10 Tho Chfcdao Tribune.
PHILADELPHIA, Pm, Feb. "a geuoral con-
vontlon Of iron nud steel manufaclurors said to
bo tho graateat meeting OF tho Trade evor held in
tho United States, ut which over $500 600 Of
invested capital was represented. WIS hold this
morning In tho parlor Of tho Continental 1iotol,
to consider tho propriaty Of forming a National
American Iron and Steel Association, and to
exchange viowB On the great questions of tariff,
finance, otc., now agitating tho country. In Wow
Of the immonso Importance to which
tho iron aud stool trade Of tho United States las
grown, it has boon
THOUGHT ADVISABLE TO CoSD1NE
the isola:ca associations formed by the different
branches into ono national body to look aftor
tloir combined interests. Samuel J. Reovos
presided.
james II. Swanks, Secretary. read q memorial
to Congress-, an abstract Of which appeared in
yesterdays TRIBUNE. Recommendations woro
appended as follows
Discrimination of tho issue Of lcga1-tondor
notes to 940O.0oo.000.
Sccond-Rcpcal Of the limitation upon tho
currency, and freedom Of bank circulation uDdor
tho National Banking laws Bubfect to such rogu-
lations as will tend to afford at al times
an adequate supply of currency for
tho needs of legitimate business, aud to prevolt
such periodical gluts as lead to injurious spccu-
Third-Co Consolidation Of tho National dobt In
q loan. bearing q low rato Of intorost, which
shall bo tho sole basis OF banking, and may be
redeemed and rotirol only by purchase i'll the
open market by tho Government.
AsaonT1NG onEs
N1r. 6tebbyne, representing E. 3. Ward, Of
Detroit. Btockholder in the North Chicago Roll
ing Mills, milwaukee, mills and furnaces, and
nh, In f71.
lowing:
WlIEnEAs, 1t is Of tho highest Importance that tho
question Of iron ores be well KNOWN In order tlat tls
nai.y and cost q Iron made therotrom can be cor
WHEREAS, The want Of my accurate System in this
matter and ho largo de,na for ores In tho pms, fow
years have eh to want Of tn aBhorting, aud to
lowering Of tho standard Of purity detrimental to all
interested therefore
Of ktnp, and moro critical classification Of quacs
anil percentage Of Iron in tho ores, as Of great i-
portnncG 10 producer and cousl1ner.
Unanimously adopted.
TnADEs-uS1oSs.
Oliver Williams, Of tho Catanaqua 11tosling
Mills, submitted resolution doprecating tho
necessity Of Tratlcs-U Unions Of either employ
era or employees for the regulation OF
out for fourteen weoks because Ills firm would
not agree to be regulated by tho standard gov
orning Philadelphia mills. They resumed work
yesterday Mt a compromise rate that will mott
tncm G44o per ulc1n ltnrouBA tne Wlatef, hllu on
tho understanding that future disputes will bo
mutually settled without regard to outside inter-
fcroMce.
A lively ttabato cnauod, aud the proposition
WIS withdrawn.
CHANNELS OF TRADE.
James I. Bennett, Of Pittsburgh, moved the
following:
portion q tic, national revenue in tho improve;
Incnt Of natural channels If trade a1.d
TRANSFORMATION. anu Of extouding Government MD to
trnuscontinental ]ica Of ritroal, tho construction
pr,vato enterprso rs Is willing to cncountcr bus bosa
beneficial to the whole country, and wo I'd,
s' usss that sp'A paoas d'T ss SD y !oa sssnd
will render productive tho Investments already made
~ scn by tug Government, aud tend to improve tho
tcu to revive business and give employment to labor
now idle, with other resulting benefits to tho people
Htsotrca. That tho satisfactory progress Of ship.
building Iii tho United States, and tho especial activity
tn the construction OF iron vessels for occIn commerce.
Ia satisfactory evidence OF tho benocal operation Of
tho Registry lewe which aho,ld not be Changed as to
allow free trade lii shipa, to tho serious surlment OF
t!is growing industry, without comforting upon tho
| carrying trade any real or permanent advantage.
| ADJOURNMENT,
| Tho Association adjourned.
! ITO the lissocidteu Iress.1
Pu11ADE1ri11A, Feb. 5.-Iho n'asa Convention
| Of iron and stool manufacturers oHected por-
manent organization this morning by the cleo
tion Of ". J. Reeves, Of Philadelphia. prosidout
York; s. N. Fulton, Of Philadelphia; Ja,nes Do1,-
nett mud Janos Park, Jr.of Pittsburgh, for Vice
Presidents; James NJ. SWAMI. Secretary aud
Charles Wloolor Treasurer. 1t WAS moved that
tho National Association Of Iron Manufacturers
| aud tue American
| rI0-1noH ASSOCIATION,
| as consolidated, report to the Convention a
| Committee consisting OF hyo representatives
from oaoh of tho following iutorests Bar-iron,
plnto-iron, iron-raii, and plg-icon trados.
| Arranf1 In