Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1891-02-07
BRITISH FEARS.
Graf Curtallment fProft to Foreigner 10y
Our Tarin

Our TariH.
The following are the conclusions of al
memorandum to The London board of trade
on the probable effects of the Mckinley
tariff on English interests This tariff
subjects ana import trade into the United
States of nearly $50 600 600. now being
a burden of G32 100000 or Al per cent.
to a burden Of G4l,00000J or52 per cent.
But according TO the memorandum "the
alarm with which the Mckinney tariff. as
regards lis effect on the general trade of
the world, and the trade between England
and the United States in particular, has
been viewed, cannot but be- considered as
exaggerated twill divert and disturb
trade pro mto, but it affects only a part
OF the United States foreign trade. and al
"a still smaller part of the foreign trade of
England after all, ian both eases a very
small part indeed of their total trade
many of the increased duties for various
reasons are either not protective in effect
or cannot effect the protection aimed
at.
That is to say That, though the Mckinley
bill will. by SO much as it increases duties
divert the sales OF English manufactured
products from this country by supplying
American made products IN their place.
al many Of the increased duties are not
protective in effect the alarm with which
our tariff legislation has been viewed Is
exaggerated
The diversion is, however, by implica-
ton, said to be alarming to that depart
ment Of the British government which
has the trade Of the empire In charge. and
sales to Us will be lost or CurtalIei The
board of trade evidently do not expect
British manufacturers to keep on trading
to this country, char ging the / per cent
additional duty TO the American consumer,
or 1t would not entertain Its present une&
aggerated alarm
The last clause Of the memorandum re-
ceives an additional hight in the following
editorial Of the Colliery Guardian, Lon
don:
The increase, indeed, as we nave IN
previous issues pointed out, affects chiefly
tin-pates. and these take effect after July
next year. OF templates we exported last
year to the United States somewhat over
81 100000 in value. Reverting
again to the question Of tin plates and
sheets it may be pointed ont that the
United States takes about fouriifths Of
the total annual make of the united king
dom, and it cannot be considered az other
than % serious matter that the duty should
be increased from lc 10 2 l-5c. per pound
The existing duty j. equal TO "a l2 per
cent ad yalOrem, but the enforcement Of
the Mckinley tariff would raise 1T 10 10
per cent ad va!orem
While the duty on tia plate. was equal
90 "a per cent. ou their cost az the
Welsh mills. as IT was not protective ii
excited no alarm exaggerated or other
wise. and any or ajl free-trdde orators or
newspapers are challenged 30 cite any pro.
test against it in Ebglish paper. after o.
was demonstrated that u would not prove
protective until T. was found Shat free tlu
plate would inlure our sheet mon trade
But ID Il feared that the present duty Of
rs PEI cent. will prove protective and
thi, isca sidered a serious matter
ln The merutime we read iu the Iron
Trade Circular 'Rylaud > that at % meet
ting Of the tIn-pIate manufacturer al
PencIdwjd.
a resolution was unanimously passed
IT, The effect THAT Il, the work I'm the
district should be closed 1T 80 O'Clock on
tie Wednesday morning preceding
Christmas day, and remain li9-ed until
the subsequent Monday morning and ufg
ing uqou The IT q generally ~ follow the
same course This idea i not Sd much
To provide a holiday during Christina,
week 10 the men but with view 81
reducing the output Of plates before the
lst Of next uIy. when it is probable that the
American tariff bill will come into opera
ton
And there are people IN this coauiry
who. denouneing all American manufact- /
lrers as,robbers.. urge the continuance Of I
.he tributes to these Welsh restricter, 0f 1
production