merchant iron, its cost to a company owning mines and furnace will be approximately as follows:
Pig Iron at $20.00 per ton - 21.00
Coal - 3.50
Fettling - 1.00
Labor and superintendence - 16.00
Materials and repairs - 2.00
Total - $43.50
Leaving a margin of $10.00 per ton at present prices.
Recognizing the advantages possessed by Cumberland, the Baltimore & Ohio Railroad Company, in 1870, built a large railmill and have since added a bar mill, which, by efficient management, have proved a valuable addition to the revenues of the corporation. This mill is at present reaping the benefits of being the only consumer of pig iron in the neighborhood.
Mills and furnaces once established a bright future awaits Cumberland; situated on a great through route extending from Chicago to Baltimore, with numerous connections to the South and North, and with the canal as a highway to the Atlantic, an essential element of successful manufacturing, viz: " Cheap Transportation" is assured. An establishment located in Cumberland manufacturing light T rail, punched strap iron, merchant bars, boiler plate and sheet iron, with the double advantage of low first cost and light freights, will find a large market for its goods in the Cumberland and Broad Top mining regions, and would soon monopolize the Eastern, Southern and South American trade. The same is true to a still greater degree of factories of spikes, nails, brads, tacks, rivets, bolts, washers, nuts, and heavy hardware generally, as well as of bridge and roof, wrought iron pipe, boiler and locomotive building. Encouraged by cheap foundry iron, manufacturers of stoves, cast iron pipe, portable and stationary engines, and every class of machinery, will locate their works in Cumberland and enter the ranks of the consumer.
Since Bessemer iron can be produced as cheap here as elsewhere, steel can be manufactured with equal economy. Estimating the value of the iron at $30.00 per ton, the cost of a ton of steel rails
Allegany County Public Library
21 x 14 cms
Board of Trade of the City of Cumberland
Mines and mineral resources, Maryland, Cumberland
Cumberland, Md., 1870s