Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-07-12
.Q)bllIoil Statesman, II,
BeauIIes. of the Tari6-A Few
v Facts for the People, .ar
.al [From the Chicago Tribune.1 gH OIL
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BeautIes Of the Tari6-A Few
W Facts for the People. .a.t
al from the Chicago Tribune.l gN OIL.
h. 100 gJ- AND 80 1T GOES. 'rdH Gsi
1t seems as though the opponents Of the
| prohibitory tariff bill in Congress had
united with the several private "rings" to
put new features of barbarism into 1t, and
! thus to make the whole so odious that finally
no body will dare to vote for it. This is
the onlyway to account for some things,
For instance, there is ringO glass man
ufacturers, who want to make people pay
about nine prices for window. glass;
The existing tariff on common window
glass is from one and one.half to three
cents per pound, according to the size of
the glass, which is equivalent to 46 per
cent dd Udl0rem. The committee of Ways
and Means recommended, in the new
| bill, an increase of one-half cent per
pound ON the small sizes, and cent per
pound on the large sizes; the range being
! from two to four cents per pound. On
Thursday, however. the glass blowing ring
! piled on another quarter of a cent on the
whole range, making it from two and a
quarter to four and quarter cents per
pound. This is the amount which the
glass men are willing to accept as a "com-
promise" with the brass men and the steel
!
amusing the way these men go down to
Washington and agree together "you
shall rob the people of so much, and
shall take so much, and that man
over yonder shall tap the Treasury so
much; now let us call it compromise, and
| tell Congress we are perfectly agreed as to
what we want. OF course nobody can OBJ
| ject to that" NJ. a.... 0.....l ..
The com honest glass-blowers. under the
present tariff, get from sixty to seventy
| five dollars per week for five days work,
while the best flint glass blowers can
readily obtain four hundred dollars per nlOnthi
Is this trade which needs additional pro-
tection? That the manufacturers are real
| izing large profits Is shown by the fact that
they are everywhere enlarging their old
| works or starting new ones. Aud yet
these men have the impudence to 20 down
to Washington and demand the right to tax
the American people seventy per cent. for
! their very sunlight. And Congress is
weak or wicked enough to say they may
| do it. 1t must be admitted, however, that
these men who live in glass houses were
not the first to throw stones. They saw
the plunder going, and they picked up their
| pots and rushed after the iron and cloth
men to get their share. .a ..
From the New York Commercial Advertiser.l
-.. THE POOR TARIFF MEN.
The report that the New England manu-
| facturers do not desire any addition to
the tariff rates ought to be true, If 1t is not.
They seem to be making plenty of money
under the existing tariff, and from very
shame sake they should abstain from asking
| any additional privileges from Congress.
We have before us report of the dividends
Of the various New England manufactur-
| ing, insurance, banking and railroad COM
panies for the half year ending June 30,
1866, and veay handsome show they make.
The manufacturing dividends are especial
| ly nice, and If the stockholders want any
| thing better they must be the most avari-
cious of mortals. In list of thirty manu-
| featuring companies the actual dividends
range from twenty to fifty per cent. per
annun. Two companies, the Lancaster and
Langdon, divide twenty-five per cent for
the half year. The Ahdroscoggin and Hill
| Companies twenty per cent. The Chicopee
| Company, after purchasing and paying for
a large water-power and factory, still have
forty-tive per cent. per annum to divide
among the stockholders. Eight companies,
the Appleton, Bates, Douglas, Franklin,
Nashau, Naumkeag, Salisbury and Wash
ington, divide ten per cent. for the half
year. The Cocheco and Newmarket c0rpo-
rations make fifty dollars share.
1t should be remembered that these are
only the July dividends, which are usually
lighter than in Janury, the accounts not
being SO closely made up in summer, and a
larger proportion of the profits being held
in reserve. For instance, the Bates Com
pany divided twenty-five per cent. last
winter; now they only divide ten per cent,
making the snug profit of thirty-tlve per
cent. per annum. The Newmarket Com
pany, that divided only fifty dollars share
| the last half year, received hundred dol
| lars a share in January. The Chicopee
shareholders have only fifteen per cent. this
half year, but they had thirty the last half
year. The average yearly dividend of a
number of these companies range from
forty to fifty per cent. The Wooden Screw
companies, as every one knows, pay q
standing dividend of from three to four
hundred per cent, Most of the, dividends,
! it should be remembered, are free from
United States taxes, which are included In
the expenses. ''' " .' .--.' 'a
Now we submit that it is not too much to
ask the manufacturers to content them
selves with these really fair profits. They
should, at least, wait and see what tbe new
Tax bill will do for them. 1t confers many
advantages which the protectionists claim
to derive from a high tariff. That Tax bill
lis wonderful, effort of protectionist in
| genuity, and we submit that it is almost a
Ellttle too steep to pile a tariff bill on the
litbp of ii. 'o % i--" '.- h''Nii i-i.' as-
/ from the New York Post.l JclAE @.
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