Abstract
THE Iron and Steel Institute met on Wednesday, the 7th inst., when Dr. Percy gave the presidential address. After inviting the co-operation of the members in supplying him with materials for the new edition of his work on “Iron and Steel,” and referring to Mr. Lowthian Bell's recent valuable work on the same subject, Dr. Percy drew attention to the existing universal depression, due, in his opinion, to over-production. “Darwinianisni prevails in the manufacturing world as it does in the natural world, however painful and unwelcome may be that truth—only the fittest will survive. The struggle may be severe and to many persons disastrous, but so long as supply exceeds demand, it is inevitable, and the result is not doubtful.”
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The Iron and Steel Institute . Nature 32, 38–40 (1885). https://doi.org/10.1038/032038b0
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DOI: https://doi.org/10.1038/032038b0