Democratic Sentinel, Volume 6, Number 21, Rensselaer, Jasper County, 23 June 1882 — The Profits in Steel. [ARTICLE]

The Profits in Steel.

Under the great Republican policy of “ protection to American workingmen ” the duty on Bessemer steel is placed at S2B per ton, and Mr. “ Pig Iron ” Kelley strenuously opposes its reduction on the ground that it would tend to pauperize the laborers engaged in steel manufacture. Be failed to state, however, that the profits of the Pennsylvania Steel Company last year were $2,000,000 on a capital stock of the same amount 1 It would be interesting to know just how low the tariff could be placed, and still allow the producers a fair return on the capital invested. The figures given above would indicate that it might be safely done ftway with entirely.—OmaAa