History of the Andover Ironworks, A: Come Penny, Go Pound

Soon after Philadelphia began to exploit New Jersey's largest hematite deposit in 1758, Andover Furnace and Forge began producing the best metal in the world. Its product was so desirable that the newly formed American military wrested control from Loyalist owners in 1778. This frontier industrial outpost endured thirty-five years before labor costs, competition from cheap imports, careless consumption of woodlands and difficulty in transporting its products finally extinguished its fires. ...