Press enter after choosing selection

Decline Of Pennsylvania's Iron Trade

Decline Of Pennsylvania's Iron Trade image
Parent Issue
Day
16
Month
June
Year
1876
Copyright
Public Domain
OCR Text

"Yes, sir, Pennsylvania has lost its iron trade, and we are sorry to say thai we think the best days for the trade in this State are over," said one of the leading iron men of the Keystone State. " And I will teil you why we think so,' he continued. ' ' Look at that mili across yonder. It is the largest of its kind in America. The Phcenix Irpn Compnny commenced building it five yoars ago. It has a greater rolling capacity than any other establishment in the country. Thoy ftnished it just as the great panic of 1875 struck them. Jt has never been in fnll oporntion, and it is a question whether it ever will. " Note the furnaces that are idle. Go up the Leliigh valley, as 1 have done lately, and theu come down the Susquehanna districte, and thenco through the Schuylkill valley, and seo how mauy stacks are in blast. Fully two thirds are cold and bleak as black ghosts, and hundreds of thousands of dollars aro invested and not a cent of income is derived. Aroand Pitteburgh there are a few milis going, bnt the margina are so very narrow that the mili owner is constandy crowding down the prices of the workingmen, and the result is continual strife and discontent "The truth is, and we niight as wel] acknowledge it now as at any other time, Pennsylvania is played out as an iroa commercial center. Ifc may ncver again have the great trade it once possessed. It has shifted, and slowly but gradually the iron business is being divided, and it will not bo long before each State will more or less contribute to its own deraand. - Phcenixville (Pa.) Cor. New York Sun.oü I3jbl{ .;;. It must make a man foei mean to pay an old debt because he thinks he isgoiug to die, and thon have the doctor pull him through all right.

Article

Subjects
Old News
Michigan Argus