The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-02-19
wheat, and Mr.. Smith oOntended it was frequent

wheat, and Mr. Smith contended it was frequent
ly done.
''Well, I am largely interested in mining iron
ore," said Mr.. Hewitt 'and am sure do not
want to iniure my own business. But L cannot
see how foreign ore hurt the market for our
own ore. think the more foreign ore we get
the more we will improve own markets"
'tAll the other miners have ever met spoke
to the contrary" replied Mr.. Smith.
''Yes," said Mr.. Hewitt, 81 know that; and it
proves that have more enlightenment on the
subject, or that they have more enlightenment
than l."
Some one in the room suggested that the
reason Mr.. Hewitt wanted foreign was be-
cause he did not mine as much as he needed in
his manufactures.
The subject of lead was discussed by ]. Wy
man Jones' president of the st. Joseph Lead
Company of Missouri. He declared that the
duty on lead was SO low that his corporation
paid no dividends and that it did not pay to run
it-that it was operated merely because they
were loath to give up the capital invested, and in
the hope that better time would come IF the
Morrison bill were law it would instantly stop
the production of lead in this country" said he.
Governor Hoadly Advocates Wool Tariff
Special to the indianapolis Journal
WASHINGTON, Feb. 18-Governor Hoadly, of
Ohio has written letter to Speaker Carlisle on
the subject of restoring the old duty on wool. 1t
shows him to be protectionist in the sense that
the platform of the Ohio Democrats favors pro-
lection. 1t appeals to Speaker Carlsle's good
sense and political Judgment, but it is said to
have not had very great weight with that func-
tionary who is nothing in politics, if he is not
e-trade Here is Governor Hoadly's letter:
"Some little time since Mr.. Harpsta, the
champion wool grower of Ohio asked me to write
to you, urging restoration of the former wool
duty, in accordance with the platform of the
Ohio Democracy. l told him thought he would
find you with well-defined views pro and con.
on this subject, which no letter from me could
modify or promotes but as he pressed me, can
grounds upon which those of us
in Ohio, who desire tariff re-
form, are able to sustain our
approval of this part of our platform The
creased price, caused by tariff taxation, on their
utensils, their clothing, indeed on everything
they consume and use, while the product of their
labor is measured by Liverpool standard. 1t is
obvious that this will continue in some degree as
long as we have any tariff at all. The only
recompense possible here at the North is found
in wool duty, and it is upon the ground of excep-
ton to the general rule that men like myself are
unwilling altogether TO give up rice duty, sugar
duty or wool duty while those who produce rice,
sugar and wool are taxed for the benefit of
domestic manufacturers of sugar, plowS and
other domestic products used by them But
it is exception only 1 admit,
and not otherwise. In brief it is but justice to
our wool producers that the product of their
labor and capital should receive some reasonable
compensation for the outlay they are compelled
by law to make for the benefit of the manufac-
turers of articles they consume. This, it is true,
may be said of all producers but not all pro
dueers have, like the wool-growers, been invited
by sixteen years of legislation to investi in their
business. 1t is the sudden and rough disturb
ance of values of product into which they were
invited by their country to invest of which they
have right to complain. Your own statement
of methods proper for such legislation, your own
opposition to the shock of hasty disturbances of
settled investment encourages them to look to
you for aid in their present emergency
II respectfully ask for this large and intelli-
gent class of our most useful citizens the great
aid which know your high position and eminent
talent can give them"