Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1891-01-03

sources OF supply. ana now une marc
conditions imposed by the tariff were
crowding the New England manufact-
urers to the wall.
Mr.. Tobey is manufacturer of nails
and steel billets which are used in max
ing nails. During the hearing the fol.
lowing dialogue took place:
Mr.. Gear-Your production is in bill.
let's Are you in favor of reduc.
tion--
Mr.. Tobey-Yes, sir might answer
the question by saying favor Q reduc.
ton on nails, which is my chief article
of production.
Mr.. Gear-Why?
Mr.. Tobey-Because | think the duty
could be reduced and | could still make
nails.
The Chairman-Suppose we had free
coal and free ore?
Mr.. Tobey--I should be willing to sub
NIT to as much reduction in nails and
then double it.
Mr.. McKenna-Suppose we gave you
free raw material; would you make
nails free?
Mr.. Tobey-I think | would rather
have the duty on them.
Mr.. Gear-IIow much reduction would
you favor?
Mr.. Tobey-I could not tell that The
duty upon them is large so we do not
import any at all; and they cost so much
for transportation. | mean nail plates.
At present they are not imported.
Mr.. Carlisle--It is a prohibitory duty
now?
Mr.. Tobey-Yes, sir; practically SO.
After Mr.. Tobey had been heard, Mr..
William II. Morris, of Pottstown, Pa,
a manufacturer of ''billets, ship and
tank plates and cut nails" was heard
by the committee. The following dia-
logue reflects the high tariff Pennsylva-
mia opinion
Mr.. Breckinridge-Would you expect
to build up an export trade for plates?
Mr.. Morris-Not at the present time,
although we may come to that later on.
The same thing applies to cut nails,
which have been at very low ebb for
some two years. L must dlffer from my
friend Mr.. Toby In thinking we coulo
stand reduction IN duty. Ihere are
some nails made In canada. Certainly
any thing that would make the mai
business worse at present would be
A Or
deplorable state OF AFFAIRS
Mr.. Gear-What are you getting 1oi
iron nails?
Mr. Morris-They bring about 81.
Mr. Gear-Has there not been an ad
vance in the last ninety days?
Mr. Morrls-ies, sir; there has been
Mr. Gear-About 10 TO ~ cents?
Mr. Morris-Yes, sir.
The result of it all was that Mckin
ley made slight reduction on cut NALL
of iron or steel, but left the duty thu
same on all wrought iron and horse
shoe nails, which is 4 cents pound
The duty OF cent pound on cut nail
is still prohibitory.
1t is seen from the above dialogue
that Mr. Morris eonfesses to a "deplor
able state OF affairs IN the nail ousi
ness. Considering the figures OF ex
portation already given, the lesson 10
the nail makers is obvious: Let then
widen their foreign market. Instead o
fearing that some nails made in Cana
da,' let our Lawmakers fearlessl,
throw open our ports to free coal, ore
and pig iron, in order that the nail mill
on the sea coast may enjoy their natu
raj advantages for the export trade
without being made to pay tribute :
Pennsylvania and the rich mine-owner
OF Northern Michigan.
But that the nail makers are offerin
extra inducements to the export trad
may be seen from the export dl'
counts" which they make to forelgner
The recent discussion OF TINS whole SUI
ject OF export discounts was calle
1orth by the exhaustive STUDY OF III
subject by MIR. j. a. Lindqulst, the tn
III expert OF the New York heiorl
Club. His investlgation OF the suo)e'
OF nails had special reference 10 hors'
shoe nails and tacks'
Here Is the result OF MS inquiries.
In the case OF tacks' the schedui'
nre so extensive ana cover such varie
assortment that II is not practicaple
give them IN detail Inc prices cnaree
10 American CONSUMERS anu those