New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-02-07
VIEWS ON THE TARIFF BILL.
COMMENTS OF MEN IN VARIOUS TRADES.
norRT THAT THE BILL CAN BIZ PAssED-TAMPEblN"
WITH THE TARIFF UNwIsE.

DoI-RT THAT TIE BILL CAN Bt IASShp- iA''
WITH THE TARIFF UNwIsE.
The Morrison tariff bill caused good deal OF
tl, Yesterday especially among men whose business VII
-, ,.,lv affected in case il should become law SO'o
t,bo onn,ons uttered are given herewith Ihere was
general feeling that It woad he mwise TO uS'uo '"o
tariff further at present Much DOUBT was
70 whether the bill could he passed. -, ,,o ,.,
Cuo,.,, Robertson said that lie had not rea0 inc 'H
49,, herefoye could not express an opinion on IT. "h
t.oo,,ou,sf he added, "but don't Ike To sec sur
% lorrc enough to M all the mudhoes In the country
We will get one-fnh less revenue On customs 'N9 '
than We dil last year.
'.@ ,ere TO bs further reduction In that direc-
tonl' 80, c,o.,,on. 7
,I provide for the pension ont of the internal revenue
Then for the purpose OF meeting the expenditures o. e
Covernmont to provide the interest on the Naoha oeo.
na for the payment OF small portion OF The prihcpai
eoch year would raise the necessary money from the
tamil would distribute the duuabe articles 50 aS "
nrocct our infant industries
Nr Rarrett the Collectors private clerk added zine
s,u Of the practical here Is that the law would be
,ss ~ enforce 1t provides that duties should not he
above certain amount nor fall below certain hgure
FROM A BUSINESS POINT or VIEW
posi1ent A. s. Hatch Of the Stock Exchange said that
- boa mot read tho Morrison bin with enough care to
,o,so rs details Tho local interests OF the country
are so diversified" he continued, that do not OeheVeH
posbe for any tariff bill 10 pass Congress at TINS session.
Mems views on the subject are not determined D! any
ed policy but by their interests in particular ndu
tres that need or do not need protection In general
Wv were 10 frame tariff, should have three op)ec's
IN view sufficient revenue should he raiseu 70 me-
tbee1penditures of the Government, anu inc
sinking fund OF the National debt and TO proVue o
crate surplus against contingencies Ihat IeVeliuc
n raised Nv duties on articles by which industries 'na
h, % he nrotected should receive protection linen
no,,d ,ako tho duty off everything where the reeuo
from duty would help TO develop Industries VIII" ~
toe raw materials that do not produce al hoe' w
not think that I'm the discussions on the su9ecu ciouH
attention Is paid 10 keeping 'he balance Vi u"uo
., orr favor The influence OF the tarih on our
,or.o,,ons sbond be considered with view to raising
osrecalv on Injuries the maximum revenue consistent
t,h minimum mportation While we have an elgbty
silver s sSxsTse Of be dis
am not an extreme UecS 10 Taise revenue
rom an internal tariff. whatever may 9S W. 1
dsaoy Of taxing q dS3 Of Or SeOu tariff on i'm
portauons should be in no hurry 10
EoS1 y Terv Of E. D. Morgan Co.. said 1.-THE 6
cannot be passed and there is no Use Which makes
SOu IT.. be H 4eCeived T IN for
There are other States which would be affected ou wnat
can be done with such bill with only PennsylSania oP,
posed There is no possibility In my OPINION 'hs'
tne OH s Randolph of the Continental National Bank
said Mr. Hewitt theory in regard 70 sd rsGcuSn S
present bin might be improved by amending 1t according
Several banRers,WnO sdlO lnal
texf Of the Morrison the opinion that there
would be ne done by the present viii be- Great
vision Of the tariff although there pToDaDy Will De aete'
deal Of talk about IT,
EFFECT on THE IRON TRADE.
B. G. Clarke OF the Thomas Iron Company said: ~
don't believe blu pass II 1T does 1t will hurt
business IN fact it will take away the Southern trade
from us entirely. The bin will reduce the tariff on steel
asst makes the duty equivalent to 90 per cent
nm the value and foreign steel rails selling at $50
With the present duty get along at small profit
From 1875 to 1870 could compete with scotch pig
IRON but look at the conditions then. Labor was
down to sixty cents day, and coal was worth
only 80 ton Reduce the tariff and you will reduce the
wages oflabor don't see how anybody In America can
want free trade Our wOrkucn know when VIC are get
ting large profits well do. and are quick 10 de-
raud an advance in wagesand they always get It, too
The agitation even, on the tariff disturbs business
dent think the bill viii pass because the Democrats don't
want 20 make an issue it, and there are not enough
Republicans TO pass it,
John Roach said: "The competition in our own coun-
trv IS such that the profits, know from my own e1pe
,ence are not more than fifty cents ton with the pres
ent rate Now, take off dollar a ton. The result
yod he the immediate closing OF half the furnaces now
mining II the plan IS carried out to reduce the ar
the result will not he TO diminish the revenue
Of the Government from pig iron On the contrary
the first result viii be to increase IL even
81 dolle the present volume. But that revenue will be
wholly from imports, aud the home production will grad
uay unless we can get labor In this country io ne
J. IT. Jackson was found at his Office, No 2O6 Franklin
e. aatS no. better not NEEDLE with the tariff, and AT
ali events the plan of horizontal reduction viii WORK
most uuequaly IN the long run. was young man ID
Inc iron business when the tariff system went into
efect that resulted from the Missouri Compromise and
learned then that the country could not 40 without
tariff with the needs OF the la6orer Inc
bin Mr.. Morrison Will simply unsette everything we
OF production Out Of 700 blast furnaces only 800
ere in operation to-day. The rest VIII stop any such
legislation succeeds as is Indicated III this DILL
COPPER AND ZINC.
Tho .rodo In oonner labors under different conditions
from those affecting any other metal The found In
the United far superior TO that In other countries
and the production so great last year that 9OOO
tons Of copper exported Nevertheless Hendricks
BROTHERS Of No 40 Chnst after consultation together
agreed that eddng with the tariff copper at the pres
en time was pcOus trade and that in any event the
scheme known as "horizontal reduction must work I'M
Justly The Morrison BILL in FAR as related to metals,
The production of zinc is attended with loss
The present rate OF production SAID Edward r. ByTes,
considered OF the metal can be brought
this country ballast at merely nominal irelghtase
Who Gsa in iE IT feel Just as do that reduction of the
iis on eT Sa rR ar T hsVc been abe to keep
going was by combining to reduce production The Jan
reduced oneha and since that time one of the furnaces
has suspended altogether with furthet teGucon OF
10 tariff the ore would cease TO be dug or sneted"
A MISTAKE TO DISTURB TIE TARIFF.
4 prominent woollen goods manufacturer said 81
tiLkit is mistake disturb the tariff ut the present
time and this the view Of all the manufacturers, how
ever much they may differ in their views The last tariff
agitation became commercial factor that affected buSi-
ness irurtousy and the present agitation will undOubt
eiv Co the same This Morrison tariff bill SCENE to metz
he purely political and anything that is
lOAucs cannot be good economical measure Whatever
change IS made should arise ont OF business needs and
OF necessities of political party have not
carefully examined the proposed changes but any reduc-
iou OF The tariff at the present time would be 1nous TO
lie Iuaunacturers hardly ANYTHING I'm wOOlens
now that raging ten per cent unless It may be some
snec,alty all the mills rnnning low margin.