.A, SATURDAY MORNING, MARCH g. 1874.
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correctness. am aware sir that few inter


ested individuals have contended that he wa


mistaken IN some Of his calculations Be it so
Yet out of their mouth viii We condemn them
The gentleman from Columbia (Mr. Carpenter
| showed US yesterday, that upon their own esti


mates the State could, from the labor Of 500 con


7lcts. realize net profit OF Sl20,000 per annum


Sir, there IS nothing illusory or deceptive abou


this subject profess to know something about


1t cxperlmentally. | spent twelve years OF the
early part Of my business life in the vicinity o


this Iron region, though upon the other side O


the lake. am somewhat acquainted with the


business Of the manufacture of Iron, with It's pro-
| fits, and with its details. 4 company was organ


lied to carry on this business, headed by that
prince Of merchants, Col. Perkins Of Boston =


When Our commerce was locked.up in our ports
by the unrighteous acts OF our enemies, these
merchants employed a large part of their spare
capital IN the village-city it now is-where
then resided, Vergennes, Addison County Yer
mont. An extensive factory was established


The ore was brought from the mines across the
lake. where it is now proposed to employ these
convlcts They manufactured the coarse and
the refined 1ron they manufactured steel, and
they also made the fine card wire, and in fact
manufactured almost every article, which Iron
can furnish. Their means were almost exhaust
less and they used them with lavish hand, as
Is characteristic OF the business men OF Boston
Sir the merchants OF that city are noted for their
shrewdness and correct calculations. And tor the
forty-hve years during which have known them,
| have never yet known them fail IN any consld-
able enterprise. And yet we are told. SIT, that
the manufacture OF Iron Is an experiment. That
the project is visionary and will exPode-that
every dollar pald out OF the treasury ior THIS pur-
pose will be sunk IN misfortune and rum. S!r,
such results are not to be feared. have recent
ly csrTesponded with the Agent OF this company
a man Of ability, and worthy OF all confidence,
and he tells me that that company manufacture
large quantities OF bar Iron, not or sale IN that
vicinity, bat every pound OF which IS transported
through your canals and across the country to
the Boston market.


Mr.. D. LEE.-At what place did the gentle
man say this company was located


Mr.. HuNT1NGToN.--At Vergennes, Vermont,
and it is known as the Boston Iron Company. |
can mention another fact, to show that this pro-
jcct is not chimerical. a distinguished gentle
man whose name, perhaps, courtesy iOrblds me
to mention, who has my entire confidence, m
formed me that the merchants Of Ncwfor
were endcavoring 10 engross the entire product OF
the Iron manufacture on the northern frontier, not
only for the past wear, but for that to come. They
have already advanced in price one third, and of
fer @,55 per ton opon Lake ChampIain The larg-
est estimate for the cost of manufacturing Iron is


.2 per ton and are there no profits in this busi-
ness Suppose the States should only receive
K 42 per ton for It's Iron? True, that would be
ruinous TO the manufacturers thus brought into
direct competition, but still it would be profta-
bic investment 1t would be SO, because your
hands arc now valueless. The last year they
earned you but cents per dny-the rest was all
absorbed by your agents ana tfc coh'raclpfs-
And yet we arc told that TINS Is ch'leficai pro-
jcct. Sir, feel indignant at thus insult. trust
the House will prove by their votes that they are
not thus to be imposed upon


But sir, the State Is notcailcd upon TO compete
with the manufacturers OF Iron at the NoFth'-
The mechanics ask Tor no such lhlng' Ihough
they have alone borne the load io- % years they
ask not to be relieved now oy casting It upon .'io
shoulders OF another class ol our citlzehs. .u: GU
the statistics upon your taoes' snow 'ial lilions
OF dollars are paia aiiiualy III nuio ioi ~ ,lo,i
which can as well be manufactured mere. Aho'
let me tell gentlemen, that IN this manufacture
Great Britain cannot compete with US. She gets
all her Iron tor her flne cutlery &C. rom 9"c
den. She manufactures all her IRON WIN WIN m Pls
coal 1t is the Railroad iron wllIn M eo IS so'o iol
~, 80 ,,,,;ot r. ;n,nor+nd from sweden. Your
iron Wmch IS lipol'eu 20 IRON, Sa ,nads Of as
iio" si'' - p hro,cb, rom Swodcn
60 SUoo quall'y 's was A. Hahn told us
he se.i'ei'i" oynende6 nnonthe Iron
'lio ii'olI hno.o and ,he less became the
more saiuaoie ote' r. = so CIR Jnnk Iron
cos ui o hn, n,anrf.ctrred into hoom
whcn oiliisS % T"'l, 4. n, mechanic ner.
Iron Is worm .-an, o. r. JescTh,
maps lhe coAi'ili''ee ".ii POI - y-on The
the mechaIical process u ",aAti 80 ~, nn,
Iron IS hammered tieil Grt up tlo ;l'ns, nansst


INTO the hFe ana Weaeu i,f f ,ha 1,sI,s of the
-