128 [AsfcEMBLT 



Expense for coaling for two weeks. 



10 men, cutting 240 cords of wood, at 50 cts., $120 00 



12 do colliers, at $20 per month, 2 weeks, 120 00 



C 2 wagons collecting wood, ^ $20 



8 do teamsters, ^ 5 do hauling coal, say 5 m., > per 80 00 

 ( 1 hostler, ) mth., 



2 do superintendents, at $3, and clerk at |2, 60 00 



1 do smith with repairs, - 30 00 



33 men. 



25 horses' feed, for 14 days, at 25 cts , 88 00 



Interest on capital 2 weeks, 84 00 



Contingencies, 18 00 



Total, $600 00 



Coal made, 12,000 bushels, at 5 cts., is, 600 00 



Being 300,000 bushels per annum, and sufficient to make 1,500 

 tons of bloom iron. 



A tract of 10,000 acres worked by about 100 men, and costing in 

 outlay, $125,000, will produce one million bushels per annum, equal 

 to 5000 tons of iron. 



Having thus explained the defects in our system of iron making, 

 by allowing it to be done too much in independent branches, by 

 combining processes, it will be apparent at once, that in combining 

 these processes, it will require concentration of capital to accom- 

 plish it; happily, the late law of our State for manufacturing incor- 

 porations opens a channel for this purpose, broad and deep, with per- 

 fect security to all concerned. But it does not follow that heavy 

 capitals axe alone necessary; there are such now employed in sev- 

 eral of these distinct processes, sufficient to cover all the ground, 

 (with proper arrangement,) here contemplated. The sum of 

 $100,000 for making from the ore, either railroad car axles, an- 

 chors, wire, sheet iron, or merchant's iron generally; the sum of 

 $200,000 for making nails or wood screws, and the sum of $300,000 

 to $400,000 for making railroad bars, can be employed as advanta- 

 geously as sums of greater amount. 



We would now further call attention as to the great advantage of 

 combining processes, to the saving of expense, as in book-keeping, 



