, 1876-02-17

haa been 30 long productive industry In ibs
city that no little untasinesa haa boom cEcAsed
during The past week lT rnfnors Indicating tho
GomRsnS intention to remove from shls 1ietn;
Its fAcitlttes to such an extent thAs, during tho
past gear, Gully about nne-thrd iii resources
have been employed. H. the operation Of pro-
Ia rap n'atraE of foretsn iron. Of s IL m m.thss is
restricted to tho United States. It cannot slsa-
where compete With tho British manufac-
tnters' s,nee Tue r., latter ray no duty on
OF incroaeing the demand for acrovs In this
country, and therefore tho managers of tho
Company appear to fcel tho necessity Of ohtan-
Ing facElEtos for manufacture outstdo the opers.:
40 estate Il Duod.s 10 Upper CsnAi., Il tic
western snd OF Lake Ontario, on which ia
factory sntod 10 tho manufacture Of ecrnNs.
and wherc they contemplate erctttng building
15o by 60 foot, with capacity OF l0.goo gross Of
l,aus. Other branch factories will probably 10 ee-
tabilehod ut Montreal Toronto, Quebec, and else
wl1cru tn tho Dominion. Ground for tho new
building Al. Dundaa VII bo broken n The conrte %
ably DO pushed with tue energy characteristic OF
tho Company.
TI,e Dictated ressot,6 for this step Are not fat
to Eeek hbout dozen ecrev factories hFe now
At work in thn Cnlted Slater, the American be-
ing tho lnost important. In view Of Tho stfft ner
tc'a duty on iron, N ct,nally groAt duty IL re-.
uuircd on foreign tcrawe, and even NTH that kid
it las not been easy to wholly exclude tho Brit
1htl manufacturer. ThaY have made sororal At
tempta to introduce their goods 60 vigorous that
tho American Ec1nw COMPANY bns been forced TO
decrease prices. and then the smaller CONCERNS
hnyo had the worst Of tho battle. IA they have
thus been puuhed to tic wall In this Ktsife Of
giantst tue American Company has. Ia geveral
canet, absorbed their mschtnery until 1t IA rom-
pelnd to seek some outlet for its own enormouR
production. Tho geographical advantages Of
| thin ctr us point of distribution arc oxce1-
lent anil 0hlY the erlsfence Of thr duty On ra'o
,Ruteriat prevents the Company from bul!d-
| Ing up lHrgs forpign trGdk with Pfusl-
dence ~ . bAse Of operations. But tho duty
is there, an for all that It IL possible to learn. Ia
lito1y to relns,n. at1 we prca',nle that hcsun has
| becp takon accordingly. The establishment OF
factories In Canada viii enable t1,e Company to
tntcr the tnarkt{s Of ue tcortd equal tr1.s with
| l}tisieh OF other manufacturers. while they can
| import their uoduct in bond to New York and
soil II to great advantage In this country.
10 far ~ the interests Of stockholders arc con-
cotnea. tue new departure Ia lke!y " DO stlsan'
tagcoua. It Will bring iuto profitable use facili
tica now for como time idle, and will enntle the
Company to employ its great financial strength
to more complete advantage. l}ut wo cahnot. y
uitzeus OF tha United Atatta, ct as Iinodo falnnd
ers, regard with complaceucy t1o spectacle oi
one OF our largest iudusties drison by its uRr
prosperity to ncdliro facilities In foreign coti,t
try. whcse II may escape restrictive tariff ant
| Nicye it mag be freed from the feas Of adye1sc
| lpcAt nntical inGuoflcB