Steel Rails

The Besseraer steel-rail job is precuunently the job of the teason. We have showu already that if tho successiul jobbers cao produco 200,000 lons of stetl rails annuallv, tbe country is ripa and ready to use thern, whereon the duty alone would amount to over $G,600,000 in gnld, which would ba pocketed by these gigautic nionopolists. But, allhougti Buccesa justifies many düubtful thing, wo refused to be hoodwinked by au uct of 8eeniiiig Kberality wbioh will ouly ber.efit these vury clover monojolsis. As tho Tribune bus it, a sup ia throwu to frte trade hy reduciüg pig iron 2 a ton. .Now this reduotion is, to consutners in genera), very inadcquiite. As every ititelligeut man iiiust see, the reduction i ti too email to produce any beucfie'uil result9. Yet it has the eflect of giving to Mc.-ers. Grisold, Mo;r 11, and ihe few otlir 8'eel-rail makers uo Ijss tlian $f),(i00,000 bonus annually, providtd these gi ntljmen produce 200,000 tons of s!6j! ruils e ach ycar. ïhe Bessemer teel can only be .-uscudsfully inade from the hemaiio pi; ron, made ia the north of Erfland a: d Laucashire, ar.d every pjund of Bessoüior sixel r.iils m.inul'aclured herO in produ3;d from tliis mported pitr iron. These facts canaot, nor will they bo dor ie J. It was Iberefore solely for tho benefit of the steel rail m:ikera, wli first obtaii.c J from tho House 83Ü.G0 per ton protiotion on home-umde steel rails, or 60'fer cent. advalorem, and at the samo time managed to gut a reduction of 82 a ton on pig iron, being tbo raw material they use for producing steel rails. And as it takes about iiOU.OOO tons of ig iron to niake 200,OUÜ toes of steel rails, it iollows thitt they must save by the reduction 000,000 in gold. Siuoe the tariff bill pasfed the House, immense orders have already been given for hematite pis iron, and tho job bids fair to