Los Angeles daily herald., 1888-08-18
SATURDAY, AUGUST IS, 1888
DEMOCRATIC NATIONAL TICKET.
FOR PRESIDENT
FOR VICE-PRKsIDENT-
To enforce fr,igality in public eapendi
tslres and abolish unnecessary taratton.
FOR CONGRESS, SIXTH DISTRICT
REEL II. TERRY, OF Fresno.

The Twin SWindler The war
ProtectiOnist's Tariff and the
Combines.
In his message to Congress on the 9Th
of December last President Cleveland
directed bolt, sent with the force OF an
argumentative catapult, against the twin
evils of the day, the excessive war tariff,
the creator of the unmanageable surplus
in the National Treasury, and the "com-
bines." His blow was directed with un-
erring sagacity. The way these two
evils depend on each other is capitally
depicted in an article which we repro
duce below from the New York Times Of
August 4th, which forms most instructive
reading:
ga manufacturer of jute bagging told a
Times reporter on the 30th ult. that the
price of bagging was then 10s4 cents a
yard. The price was quoted in March
and May last by the Boston Commercial
Bulletin at 61a cents. The same paper
said, on June 23d, in an article about
this kind of bagging: The price now
rules at IL cents There seems to
have been sharp advance of more than
sixty per cent. since May, and more
than forty per cent. since the last week
in June. 1t has been reported that this
advance was due to the formation of q
Pool or Trust by manufacturers. Jute
bagging is used as a covering for baled
cotton, and the annual consumption is
said to be from 40,00O,O 900 to $4,000, 900
yards. The Boston Commercial Bulletin
declared on June 23rd, that no Trust or
combination had been made, and ex-
planned that the peculiar condition OF the
market had been enormously regarded as
evidence that the combination of three
years ago had been revived, and would
assume the form of Trust as soon as
the Mills bill should be disposed of, and
the possibility of foreign competition re-
moved Nearly three weeks later, on
July IL, the Tribune Of this city said:
"The manufacturers and dealers in cotton
bagging have formed a combination for the
purpose of controlling the market and putting
UP the prices. Although the association is not
exactly in the nature of Trust, it will in all
probability have much the same effect that the
sugar combine has among the refners."
''It was also stated that manufacturers
and dealers were refusing to sell any
large quantities of bagging until they
can regulate the prices and that
there was great uneasiness among
the cotton men of the South. On July
10th the Tribune published an inter.
view with "a prominent cotton bag
ging manufacturer who said that the
manufacturers had made mo Trust, or
pool or combine but only simple
agreement They had been alarmed by
threatened changes in the tariff and had
decided to limit their production and
sell it for all it would bring On the
10Th ult. George Taylor, prominent
cotton factor of st. Louis, asserted that a
Pool or Trust had been made and that
the price of bagging had been advanced
from to II cents yard. He also said
that when he sought to buy in the East
he was advised to make his purchases in
st. Louis, and that the manufacturers in
that city, who found out that he had been
trying to trade away from home, refused
to fill his order.
speaking with reference to these
assertions Mr.. Appleton Sturgis, the
owner of large mills in Brooklyn, told a
Times reporter on the 30th ult. that no
Trust or Pool had been made, and said
that, as he understood it, Taylor, who
WAS jobber, had had trouble with the
st. Louis manufacturers. The manufac-
turers here, he said, were not selling to
brokers this year, and Taylor might have
applied through broker. The rise in
price to 1917 cents, he added, had been
caused by the law of supply and de-
mand.' Later reports from 'St. Louis show
that an impression still prevails there
that combine has been formed.
Our dispatches of the 1st inst. from that
city stated that the Ludlow Ragging
Company of Boston was the only con-
cern Of any magnitude running inde-