, 1874-12-11
Pennsylvania, New York, Now Jersey,
and Maryland Furnaces
Represented.
Proposed Agreement for tho Re-
duction Of Manufacture,
a Protective Tariff Beloved to Bo the
Cure for All Our Ills,
IMPOSITION to Specie Resumption and
Reciprocity.

Jof.oy, New York btath, and Mnrynrd wuu 1o1d
'o'day III tho rooms Of tho Iron mud stoo1 Asao
oasaon III this city,. EyotY Inrnnec in tho stntes
n"lnea was represented. II is eafo to sny flint
sno meeting, which was strictly secret ono. WIN
ono Vi Tho largest mud most influential of tlo
A.oa neld hero for many years. Mr. e. j. Nourso.
rha'ranah OF tho pig-iron brunch Of tho American
Iron ana steel AhHociatton, occupied tho chair,
| nnu callod the meeting to order. Mr., Georrc "
Cope acted as Secretary.
series Of resolutions cmbof|viup fila nc,,o,
of tho previous meeting wero road. reso,r.
ton was thon passed
| EXCLUDING THE nEronrEns
from tho room, Oh tho ground tint THAR nroa.
ehce ~ould prevent FREQ expression Of opluiou.
| anu becanso tllo nlootiuG was ono OF couforanca
ano ol private and informal character
AN A0REEMEHT.
Iho proceedings opened with n report nro
heuted by con,msttoo appointed by tho follow
ing g ! resolution, adopted at tho meoting held on
Kesotsed, That committco IN each Of the ,eycr,l
alar1etH classified na in tho lHt Of iron-work Lo an
POINTED t. Nait upon tho furnacc-owneTS therein, aid
corain tho vews Of those not o to attend. "Do
to-, fo 9or GGnittsS i'm shs aponted respectfy aub
m agreement to 10 signed by tho nnIron ' nonf,o o.
rts xsf" or = taa 4 United stse. agrceug cir pro-
G cea to wao hf i !, s esPss s
t be out Of blast at lie end Of '' the year, M
not. t,o Committee were nevertheless Of ln onjn}ou.
a,t a1fr !; i hut the agreement wo re-.
and grcat anxiety Of faruace-nwilcra to nil ti.i
ide works IN Illus. Will be ii tn feared, constamt
ess a ss susr .S 10 s., aa e
o. to hundreds Of lido furnaces nil 10 Pit il, hay 70
n e tn ansr sn ssssy IL nsss s;
SIe mere knowledge Of this action will inpart conf
VGnr lone to al th9 vario4 brnnces Of tho iron tralc
i!s md through it 10 the tralo at iags, tint tLcro is
n"9 nasn wish We ca neg 70 warrant tic hope Of my
not ~ The belief q the couneo must Ia slow and
Rra1al when It sos m which s not yet rhc graft
Nearly oil manufacturing intlusIr,cs aro sisnisry ,
affected. s!. Though tho iron tralo las sui.
prepared to produce much moro than there Is It nrs
m market lor Io consequence has been largo eur
,aem' nansie 81 e pro;on n wh ctra
railways III tho South and West which rrc not carpim.
oxstse iron tue ,Eo aingoG Of fraign and
tailed to pay the acress tcr bonds. All lraeI,s
@ sAmo WY. we aro unable, therefore for thess
mt o.hor oyioua reasons, 10 sse my rc,ponabie
ground upon witch to haao tho lopo Of IN carly r..
Tic following is
THE FORM AosrEHEr4
We submit for your consideration
~, me undersigned pig-iron manufacturers believing
sea' ue Greht!y decscaHct dcnn iu tho coi.sunl,ot
o. pls-ifon i'nperatircly dona1ds Il corresuou:iug
in tho amount produced nn Believing ps
,I tmFog g3vcrproauction crias eriea Ii hs
energetic acion to save il from ti!g tteatened nn
Mnkfaptey anl ruin md bolovns al aiso I'Fii tile
[ound In decrease Of production 10 rosrcsuopi wS
o i toIatst for consumption, we, tho nntoreIsnc
vcs horety aaroe, cael with tho otler. that we vii
SySaay Tora y atH tho II At our
1aEttt ht,I |
'uction for and during tho w!soe d tlo year 1s75
provided Tint ILLS agreement shall not 10 hdiur in,
{ ths f,Eaees. exclusive q ciaseoai IN tis '1t Gtea
Hreetaent ,,lny withdraw and he reossed from lin
ns; 9 II gv3S na H,San ws 9nt 4ra, wrtsn M sa
aelr deare und wish to do So.
TIE PROPOSITION DISGUISED. r.
Mr. noy explained ercport twou1d 1,nvo
bo pr.uted aud scnt out, not only to every VERY
sent 20 sone prominent nlnp In each nro.
l1cing district who would tn.to charge Of tho p
greeInant. etcnlato it, aud got his neishburs to
Mr. D. B. Thomas spoke IN favor of n,n,ca,ot,
'l'ef. urging that tho action contemplated 5y liza
'port would bo too slow in its opeta,1ons Al
'1a point Mr. Henry Mccormick. OF IIolnsburg,
as Invited ~ to take tho chair, and Alr. Nourno
'oA tAo Hoor' ne shld the report waR
TO THE POINT,
u 10 thought the tnatror wonld Betilo itself.
lthout the formation Of any combination ~
ot|o nog aho ma'nfaotl'rore. ,; Ho thought COM
oked {, upqn with disfayor t,y tic -
lbl!c. =, It would bo bottor to =
ato the general coHt Of pig. -.
on, ana 1ti Tue erennu!anee. proving T. and iot
q Ma1efa OF pIe-ron III every section know
1T tho hoayy loss they aro liable to suffer In
Q" u this !ac. he moyed tho atluptiou Of
=, THE ANNEXED SUBSTITUTE ~
r tic report of the Committee:
Resolved Tint It III tho scnso Of tha meeting thu,
eombnhtion Or aXreemont TO limit tho 1,roietiou
aty artic!o n general by TIN public Il mawisv:
7 10 oI.aned ths an,oant t"ts af pr1res pres q
pa less4s ts &C., aa ow sss 'Ss sn,n 1a
sa.r Il III % ,,er interest te Eu*re:d conttnus Gt
tc1 for tho product Of those yet In Last t,at *
y @ Forgs I p'$ron IL quoted III .a market To-day ~
need no advice ur avresms.t ~ 10
pending for Il while further production,
'oi. c. 8. Kaufman thought tho 1uauufac
ors ought to resolve to
. STOP PRODUCTION ST
lr. Ainey thought the matter r difficult ono cy,
master. Two,snirda OF the anthracite fur st :
"s ara in bAst to.tnr, and for what rpason ---
no hono the rcaosson wll bo sudden, aud then -~--
J., q o1pouso ..,,o OF blowing out will bo ~~
Il Ia'o neirgbat, Tb1'a o,ti1fa aiIi hope t',at
70 out OF bla,t and thuB leave them the tratio'
nc man owned I'LL tho furnaces /, would In n
casy matter for him to regulate tue produu n,
,,rcr wn,}i ,nieraut Gfn,uoiy ~ ~. oo ul"At'- Nat
Ainov, Ind M dnuit ~ ~ ,s ua 1'AttaE ~ for Il
au ,,ny 1, hfnst ~ Wv A'"Jo''t5 ot 1ur- Capl
~ -. warn 80 s soa,, ~. said
thought tho public wonl col,couo tho pir- '"'''
men to bo right III concludln. to regulate t,s,
lucng. ea'"'' ~.
r. Edwin EldridEo was III favor Of the 70.
OK tho Com'attce. lie aaid ho hui two 49,
IaeeB, one OF WI.iub thnuph hnilt tw| ,,a" We
l,nff nsyar bnnn nrt i, ~. 'S WV !eH'a eQuat
nil +,o s,.. ~ ~ u'"st' ahd would not splso
+. y. H. Thomas opposed tho substitute nnd ,.
rod the adoption of tic report Of tho Com
e9 e9' Ae showed how tho coal producert haa
gu their business OH Hr,n foundation
ugh tho organization OF tho produoorn' md
ed In favor OF e'''' "'" Equas
SIMILAR oNoAN1zAT{oN tns t' hi Il