24 JUNE 1843, Page 11

. It is stated, that after the reduction of wages

has been carried to as low a point as it is safe to attempt, the manufactured article will not at present fetch within 1/. per ton of the cost of production ; and that there is, consequently, no alternative but to put a great many of the furnaces out of blast. This, as a matter of course, will throw a proportional number of people out of employ- ment; and in the present temper of the population in the iron-districts the consequences may become serious."