Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1890-10-22

Mr.. A. NJ. Warner. of New York. who
is the head of the firm of A. Nj.
Warner & Co, manufacturers and inn
porters, in speaking of the bill gener-
ally, says:
Before expressing an opinion of the
new tariff it seems 10 me fitting that l
ssould say that ] was born and bred q
republican all my lie. What will be The
effects Of the. new tariff on the business
of New York City? Their name is le-
gion. and their result will be continued
series of loss, damage and disaster |
predict that within one year more To an
Sl0O.0O0,0OO of capital will be thrown
out of its present occupation. 1t viii be
compelled 10 remain idle or to force u.s.
elf into lines of investment already over,
crowded and crying for relief from the
effect of competition and overproduc,ion
IL will amount to practical revolution
of present commercial sffairs, and gre at
loss will occur before the compulsory all
justment TO the new conditions can De
effected. With the retirement of capi-
tai and the deciipe of commerce large
numbers of employees will be thrown out
OF employment and upoa them the verg
first effects of the di 3sster will fall
viii the importers be the only ones TO
suffer- Certainly not. The importers
are only the first link in the universs
chain by which We all depend on each
other. 1t IS more nearly rae ia this
case than in any other thst IAN injury 10
one is the concern of ALL" Ia fact, the
first effect to the importers will be to
bring en- extraordinary profit on the
enormous amount OF goods on hand The
republican party has signed the impor,
ters' death warrant, but they will Ole
hard, myself among the rest.
Let me explsin what mean The
board of fire uuderwriters-s fully com
PeteDt suthority-hsve estimated tha.
there is usually stored within the small
ares OF twenty blocks occupied by the
dry goods trade slOne merchandise to the
value of more han five hundred million
dollars. To-day il is safe to say The
amount is nearer scven hundred mi lions
Including all oth,r lines of business in
all other parts OF the city. the sm ount of
goods on hand will perhaps exceed two
Thousand millions. In other cities-Bos,
ton. Pbiisdelphis. Cincinnati, Chicago.
ST.. L0uis-the situation is practica Y the
same. and if we pat the remainder Of the
United Ststes against New York aionr,
the grand total Of STOCK on hand will ap-
prcSimste five thousand millions.
On this entire amount there has been al
immediate advance in price. In NV own
stock this advance varies from 80 per
cent, 40. 80 down to 10 ger cent. and
lower. AN of the opinion that in the
eud sn advance of ID per cent on the
whole will be low estimate. On the
bssis of this calculation there will lie
taken from the consumers and trans
ferreC directly to the pockets of the
holders of goods upward Of $500. 600 600.
This amount is equal to the official esti-
mate OF the revenue from tariff taxes for
the next five years.
And even this leaves out of account
the rise in the price OF domestic goods 10
be produced within the year OF course
there must be such rise or protection
does not protect, and | will say that this
rise has already begun and in some in
stances il has reached as high SIS 20 per
cent. So much for some of the first
effects upon the common people OF this
beautiful and beDefcent scheme of pro-
tecting one Gan at the expense Of an
other.
Here is an article of silk Plush. Il
costs 10 Germany about % cents per ward
On this the duty will be raj ed from 50
to l15 per cent Not yard has ever
been made here. and the effect will be
simply to drive it out of the market, out
of trade and out of the reach of the peO-
pie.
Here is another quality of the same
goods. 1t is English and costs 81 cents
per yard. . this the advance is from
so to over $50 per cent. The motive and
inspiration OF this advance is well known
it Is for the private and personal benefit
OF big Philadelphia maker. a friend of
the pious Wauamsker and pet of Boss
Quay, man who boasts through his
friends, his agents and his customers that
he pooled 500. 600 into the corruption
fund during the last csmpa On He will
make million clear and still have snug
surplus of two hundred thousand more
ready for "'92."
Understand that ! am manufacturer
OF table covers, piano-covers, mantel-
covers, and many other articles for house
hold use, and these goods to which | re
Ter you are my raw material Here is
one. II is wool-felt. This quality costs
In Wnrtemberg about 40 cents per ward.
and the rate of duty has for many wears
been about 40 per cent. This rate IS
been amply sufficient to create, foster and
protect one of those fondly cherished free
American arrangements which Senator
Fr olxrsa rsrA
but invariably sustsins with his vote
trust or combine, and You may take my
word for it that this felt combine is
the most rapacious and piratical combine
ID the whole category of combines.
For years they have held the price of
this 40-ceDt quality at 95 cents with so
tenacious a grip that houses of the capa-
city of Fl. B. Clsfiin & Co, of this CITY.
and Carson, Pierre, Scott & CO., of Chi
cago, and many others have felt the sting
Ing lash OF the boycott whenever they
have dared to deviate in the least from
the regulations fixed by the combine. On
this article and for the benefit of this
combine the rate has been raised from
ITO per cent to 100 per cent, and | may
tell you further that Senator Sherman
made a sanctimor ious speech agains,
trusts and then voted for this measure
and for this rate of duty on felt almost
IN the same breath and with full knowl
&c &c OF all the facts furnished him by
myself.
| say that this law is the mos, despotic
and tyrsnbical ever enacted by any
civilized nation during modern times 1t
selects single mercantile pursuit. the
most noble and laudable ill which human
bands have ever encaged-that of inter
national commerce-and dooms it and
the business houses occupied in II to de-
and it will accomplish its OBJ
lect. Ii was born of malignant party
rsDcor. and it was irgeniously devised |
for political and partisan purposes. II
was intended to cripple the commercial |
progress and prosperity of New York |