New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-30
NOVEMBER MAGAZINES.

Professor r. w. Raymond's paper on The
American Iron Masters Work viii attract attention by
its copous statistics and curious details in regard 10 that
stupondous branch of American industry The principal
cause OF the present depression in the business he anrins,
in this country at is oyerproduction. But this is
not the whole Of it, The 100000 of uusod pigron
on hand at the end Of 1870 and the 67jOO0 tons NJ the
end Of 1876, do cot the extent OF the difficulty
These figures show that the iron actually produced IN
1875 was all sold But learn from authentic sources
that we have the power to make five million tons OF iron,
and the chance TO sell little two million. This vast
body ofdc the Of the pressure ON the
trade The furnaces out OF blast are ready to start the
moment there any prospect OF chance OF selling IRON
Besides these works represent an enormous capital at
present Improbable. If IT be borrowed capital
the creditors may get the property at tr-
fling pIice compared with it, cost. II IL be
the capital Of the works. the glad 10 lease the
works aF below fun interest and repairs In
either case new operator is enabled 70 start unbur-
denel with The payment Of heavy interest presenting
formidable competitor TO established concerns The over
ca1acity production is not merely the result OF suit
den failure in the demand for IRON The great demand in
IS7l-73 led TO an increase Of the facilities of production
in goOmetrc ratO so that the disappointment OF the
trade consisted Lot merely reduction Of the actual
demand but still more the failure of that further III
crease in consumption which bad been confidently eX-
pcctcd ana In view Of which enormous amount Of
capital had been invested in providing new facilities for
tie business. Leaving these financial CONSIDERATIONS, Mt
RAYMOND proceeds 10 give snsuarly interesting ac-
count the different processes now in use Tor the manu-
acture OF iron and steel, including full description OF
the methods Of Bessener and Martin the machinery in
operation for which, cnages conception ~ the power
OF the mind in organizing and directing Industry
at true that this in many other departments,
the final impressive aggregate Is the result OF growth
Manv establishments began small and have gradually
increased 10 their present Bat what shall we say OF
works like the Edgar Thompson az Ptsburg or those
al Joliet or North Chicago which sprdng from the BRAN
OF the designing engineer complete in the beauty OF
svnmetry and adaptation For our part, we must de-
clare our conviction that the original production OF such
plans in whole and in detail, by the engineer seems to
us an intellectual act parta&ing OF inspiration The
architect Of cathedral the author OF great poen do
not more distinctly create than 10 the quiet gentlemen
who thus shape in advance the forms aud the future OF
mighty industry" The other contents OF this number
include paper Portugal and the Portuguese by s.
g. W BENJAMIN, Some Aspects OF De Quincy" by
George Parsons LathrOp. Rambling Notes of au Idle
Excursion" by Mark Twain, Fictitious Lives OF Chau-
GER" by Professor T. X. Lounsbury, Carlo Guido H." by
W. d. Howes and poems by C. p. Cranch, Mrs. Piatt j.
g. Whittier and others.