Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1891-06-10
INTERVIEWS ON THE TARIFF.

INTERVIEWS ON THE TARIFF.
The esteemed Tptelligencer yesterday
contained an interview with Hon. N. b.
SCorT. President OF the Central Glass
Works. The reporter asked him chow
business was" and Mr.. SCOTT replied:
"Oh. we can't complain that the glass
business is any worse off than most every
branch Of trade II is little depressed
now, but so is every business. | have Just
come from the East, and found everybody
there lamenting the dizziness OF trade
Mr.. SCOTT is good authority, for he is
ION the inside" of the glass business
aud has come fresh from the in
dustrial centres of the East Mr..
sCorr added that the glass houses
would be shut down from the eth inst.
to August 10th, and he expressed a
doubt whether many factories would be
in a hurry to start up then. MANY
factories" said he, will not resume till
September"
The interview continues:
How do you account for the general
depression in business" Mr.. Scott was
asked.
Il have given that a good deal of
thought" he answered. '"There are in my
opinion several causes. In the first place,
the howl raised by the Democratic press
last fall Just before the election led the peo-
pie TO believe we should have hard times
and possibly panic If the Republicans
passed the Mckinley bill"
And we respectfully put the question
TO Mr.. SCoTT, do not his own words
bear out this Democratic how'll"
He adds that the people were scared
and held onto their cash and that: "Con-
fdence is not sufficiently restored to in
duce them to bring it out" Certainly
not any more of it than they can help
when they are compelled to pay McKin-
ley prices for what they buy.
Then Mr.. ScoTT goes on to give what
he believes 10 be several other causes of
the general depression in business since
the passage of the Mckinley bill, among
which are the grip, the bad weather,
the bad roads, and to quote the inter
view again
Did you ever think" said Mr.. Scott,
with a sudden start, as If the thing had
lust dawned on him, what an effect on the
money circulation of the land those TOW
savings banks must have-the kind that
takes in dimes, and you can't get one out
until the thing is full.n
This, by the way, is an interesting
and novel explanation of the lack of
money among the people. Did Mr..
SCOTT ever hear of the man who suf-
cred for the necesSaries of life because
his money was all tied up in his pocket
in tin savings bank? Mr.. SCOTT con-
tinues
Then there is a still more effective cause:
In anticipation of the passage of the new
tariff bill importers increased their import
orders far beyond the wants of trade, eX-
pecting an active trade at increased profits.
This is very true, indeed, as is shown
in the general rise in the price of every
thing the new tariff touches. In the
case of tin plate, for instance, the price
has increased % per cent, though the
new duty will not be levied till July.
The price has already advanced Sl.25 to
Sl.75 per box, fact which any user of
tin plate in Wheeling will verify. And
a representative of firm who are the
largest dealers in tin plate in this sec
ton Of the United States, and are Re-
publicanS at that, has informed us that
when the tariff really goes into effect
the price will advance about one dollar
more. But to return to Mr.. SCOTT. He
says:
Those goods came over, were paid for in
gold, and the duty paid Away goes our
gold in large sums TO Europe TO pay for
goods which are still stored in the ware
houses Of this country, and which. these
importers find TO their sorrow, cannot be
sold.
We have yet TO hear Of the importer
who is SOrrowing because he bought a
big stock before the Mckinley tariff
went into effect to be sold by him later
at Mckinley prices.
Away goes our gold in large sums to
Europe to pay for these goods" says Mr.
SCOrr Exactly, and who are response
Die for this sudden rush for foreign
goods and the immense flow Of gold
from the United States to Europe but
the Republican, Congress iphich passed
the Mckinley bll2 That BILLION DOL
LAR Congress not only brought the
United States Treasury to the verge Of
bankruptcy by its extravaganza, but
has, by its principal enactment, ever
si~ec Heeu roObing the country of It's
ard currency.
Sc. SCOTT continues:
Joseph Hattou, an EnghShman, who
ought 10 be good authority, says that ten
wears in the history Of America is as much
is half century Of Europe's progress,