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Updated: May 1, 2025
The production of the year 1857 promised in the summer to be much larger than that of 1856; but the panic of September wrought the same effect in the iron-business as in all the other manufactures of the country, and in the spring of 1858 more than half of the iron-works of the United States were standing idle. Mr.
Slowly, and with many hindrances and disasters, the iron-business is gaining strength, and achieving independence of foreign competition and the tender mercies of legislators. Very conclusive evidence of this gradual growth is presented in the unusually accurate statistics of the "Iron-Manufacturer's Guide."
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