The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1884-01-03

v
Democratic candidate for the frssidenc- !
he j. wealthy and lsrssl, engaged IN ia,
manufacture Of iron In recent leib (,
the Aihs.y Ayyss be sssisns ~ The r sasos
Of sbs prssee, dspr~Assos D. The irot
trade .'ovs production induced By vrcsss
i've Tariff. ard The rened, TO he 'redHe
lion q the issif on ell el.ss Of ira 70 Tbs
lo.s,i possible point
No doub, Mr. Hss.ii Is night shsa hs
ssssrfs that high tariff s'ina alsl-. irs-
dnciioa. sud tia, q reduction a tho ,srin
10 hos p..ip, sonii pwvssi s,rrpr. Toe
tior. la isci II would sline.' !. ne, gaiis
ef.,eld l,,y..lar,ion II al 10 ,hls e,im ar..
II !, 4. ,fa.. aud /, Is gensrsily admitted,
tia, FselssJ sod other foreign coanirisi
/ wi,L their loo rates o. wages eau produce
iron cheaper than 10 eau then MI Hes'
etis position 10 oorrvct This being the
case We should thisk that . reduction oI
tic i.rin would be great damage TO the
couptry notwithstanding Mr. Hevs.t aud
Democrats. generally. think othsrwiss.
The fact Is Ne have iron mines enough.
and es,sl enough aud forges enough TO
produce oil the iron the country can con.
sumc, AL " the tariff were 40 high ~ 10
prevent importation altogether our re-
sources iu tkis direction are go great aud
widely distributei that pr es would be
kept down TO level with other things.
There 10 90 much compositions Ia our
county slons ihs, tbsre could he ne mo
nnpoly 10 this bnsiuess.
While the high tariff tends TO stimulate
production ws do 20. exactly see Why u
10 responsible for the present depression in
the iron trade. There has been no IN.
crease 10 the tariff but reduction. and
while the tariff reduction may have had
something TO do with the depression there
| 10 no doubt that overproduetion is the
mais cause. When the country recov.
cred from the business panic OF 1874 the
business OF railroad building was entered
into largely. This caused large demand
for iron aud steel and prices advanced.
Consequently . large namber Of people
went into the iron business aud the result
was largely increased production. When
the demand fell of the forgss did not at
once shut down and large accumulation
was the result with . consequent dspres.
sion in prices. This state Of things is CON.
mon to all kinds Of business 10 every
country even where free trade exists. And
II shows conclusivsly that the competition
in our own country is sufficient to regu'
late the business regardless Of foreign pro.
ductiou.
In regard TO sugar the case 10 different.
At present this country cannot produce
enough for our own consumption and
vast quantities must DO imported. Only
. very email portion Of the country can
be benefited by tariff on this commodity
while the whole country Is taxed by IT..
The tariff "A . whole is . complicated
question but when brought down to =
single article il ought not TO be difficult
matter TO arrive At the principles whish
govern its application to the article under
the consideration.
In order TO verify or disprove the stats.
msuts and theories OF Mr.. Hswett repre-
sentative Of the Argus interviewed some OF
the heaviest iron manufacturers Of Troy
and they we're unanimous in giving dit
fersnt reason for the present depression
and were also unanimous for protective
tariff. We give below the statement Of
james A. Dardss Of the Bardsn Iron CON-
pany:
James A. Burden Of the Burden iron
company VAS requested to give an express
sion OF his opinion on the existing dsprss-
sion in the iron industry. Owing TO his
absence from Troy and heavy pressure
OF business on his shoulders, he deputed
his general manager, John l.. Arts. to
give the Argus . statement Of facts and
conclusions from the point Of view OF the
iron makers. Mr.. Arts, being waited up
on At the office Of the Burden iron com.
psny said;
1.-THE present stsgnation il the manu-.
facture Of iron is one Of those periodical
stages OF commercial depression 10 which
ali industries sro subject II is . result
OF perfectly natural cause. "a boom fol.
loved Ly ! reaction. II 10 not exnct to
say il 10 ,.us To ovsrproluclicn. but rather
~ Nm
il il who'll, to l,s regretted Dull times
aH,u ssfys . valuable purpose III getting
fld u lie nhpfoii,sbie ,isments ia ira 10.
Firms dong busiicss uu uDsouud priuci'
DIE. are aselrd out, aud general purg
inc ii lbr trade takfs place which IL not
~i,bout henstit to its better element
, Al,nut tnIf the blatt furnaces in the coun-
Try are nov out Il blast IL Troy sbout
1000 ~oikipenen are unssployed. But
We expect b..ithy revival IN due course
Of time, aud by reason Of the ordinary
trade stin,ulns Of demand.
Have rHisiibs tariff conditions any
thing to do With the iulIpessy
IL do not thiuk they bare anything to
do with it. believe a protective tax 10
necessary, utt only ~ The prosperity OF
oil iron mhketb hut W 81 bAtut"'tn't
Its removal would close every iron work.
IA the country aud step production. We
cannot compute with fr-- iron from Fog
land. Aside iron the fact that their re-
sources sss thoi oushly developed. the
coat OF labor. which is the great item OF
expense, 10 fer less than paid here. This
il 90 true that us could not meet the
prices Of English makers. free Of duty and
With the addition OF freight charges, I'M
Ter the present condition OF labor This
labor question 10 the most import interest
that 10 to he regarded 10 this revenue
question. II IL not the mere price Of The
labor ~e pay Tor 10 our fouodries thst
makes our prices; that is faetor only. II
20 the labor in the miuss coal aud
Iimssisse and the ors-thst must be Coz
,idsrel. The tax once taken from raw
msierisl, and Ill the labor concerned in
the dsseiopsment Of the mines must sniier
+. vevv srsst resluctlou Stop your furna-