Speeches, Addresses And Letters On Industrial And Financial Questions. to Which is Added An Introduction, Together With Copious Notes And An Index

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Austria, Italy, Spain, and the States of the Zollverein have ore, but little or no coal available for iron making, and are unable to ex- tend, if they can maintain, their present production of charcoal-iron. France has neither coal nor ore sufficient to_ supply her wants; England furnishes her with one third the coal she- now consumes -in the manufacture of iron. Little Belgium has both coal and ore, and they are advantageously situated, but the field is so contracted that she cannot increase h...er production beyond her own wants, and Prussia is a large importer of coal and pig-iron from England. So much for the prospective increase of sup- plies; while, as illustrative of the growing demand, I need only allude to the gigantic systems of railroads building in America, Eussia, and India, the latter at immense cost by England, in the hope of impairing" our supremacy as producers of cotton.* Had we continued to rely upon England for pig-iron in excess of our capacity to produce it at the time of fixing nine dollars as the duty, and also to draw our supplies of bar iron, cast-steel, and Bessemer rails from her, the extension of our railroad system must have been checked and the per capita consumption of iron in this country been much restricted.

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