New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-12
LINSEED OIL.
M,KINLEY PRICES VERY LOW.

rArEp = HIGHER DUTIES AND CHEAPER
LINsEED OLA PARTIAL TRUsT HAS
NOT ADVANCED PRICES - GAINS
FOR FARMERS AS WELL
AS CONSUMERS.
fvpo,, s7.yy CORRESPONDENT THE 1RrBrSE.l
Am.,erdam Anc lO.-when in the fall of
1890 the Mckinley tariff increased the duty
unor aa,secd. or as it is otherwise known, lin
seed oil. from % to 81 cents gallon the Dem
ocratic press declared that monopoly would ne
established. and that the consumers wonld nave
~ nav hqber prices Consequently there was
crcat rcioicinr ON that side when few months
after the massage Of the act large NUMBER OF
,insecd oil manufacturers placed themselves under
ono management. and created what has pcen
termed the I.neeed Oil Trust. IL was very ciear
70 eypry Democratic editor that the price OF I'M
coed oil would he advanced, and that painters
and other consumers, who use enormous auah'i'ics
Of the manufactured article, would learn through
practical experience that high tariI Is 'aA'
This trust subsequently took corporate form
under the name OF the National Linseed vi |oiii-
pany so as to conform 10 the antitrust laws vi
Illinois Something astonishing. however. has
hanncnel The Linsccd Oil Trust, while 1t en-
isted and the independent firms who manufacture
the article have lowered the price nearly one
half since the Mckinley act was passed. The
saving 10 the consumers of oil has been enormous
under the Mckinley act, although a partial trust
has been in existence for portion OF inc Piioo
One OF the independent firms. Messrs. helegg
& Miller. has its mandatory in this CITY. In
Shaking about the price Of the oil to-day, John
Kellogg, the head OF the firm. said In the iail
of $500. when the Mckinley act passed, linsced
70 Gallon
Thi, wear it has been selling for from "a to 80
cents gallon So largo reduction as this onQhs
to satisfy the consumers Of the 37.5oO,oOO gallons
NJ l,nsecd oil that are annually used in the
United States Moreover. the American farmer
has nroftcd by a great sale Of his faxsced. Tie
duty ucou Aaxsccd was increased from 20 to
40 cents n bushel Americans had been pay
ing 20 foreigners yearly from 100000 to
$4,000, 900 for their faxsccd. They are not now
importing n bushel Of flaXseed The tarin has
ended that. and our own farmers supply us with
our faxseed They have fine home market for
their product. Our firm did not belong 70 the
hinged Oil Trust That was comDinatlon
formed for the purpose OF lowering the expense
Of manufacturing linse"d oil. We continued TO
compete all along the line with the trust. liking
our own rriccs. think the cause Of this lowering
Of the price OF llnsccd oil TO the American con-
sumcr is that the American manufactures now
has complete control Of his own market and Is
free from any foreign competition. As conse-
quence the volume OF our sales Is larger ana
we can afford to sell NJ a lower rate"
Mr. Kellogg stated that two aud half gallons OF
oil are made from every bushcl Of taXsccd FROM
the 10000. 900 bushels OF hsXsecd which are
annually used by the manufacturers are produced
1880. 900 gallons Of oil. The lowest price for
oil in the fall of 1890 was 81 cents n gallon.
Tho manufacturers received for their 37,5OO,oOO
gallons at this rate Of 81 cents a gallon the
sum of S2i3750OO Mr.. Kellogg estimated
that the same quantity OF naxsccd Will he used
this year But how much less the manufactures
will receive Their lowest price Is now 50
cents a gallon At that rate for 37.i0O,0OO
aalloas they will receive Sl2, 100000 OF $500
900 less than they obtained for the zane quantity
OF oil IN 1890 Or il tie hi ehest prices received for
oil in 1890 and 1892 be compared-5s cents
in 1890 with 80 cents in is02-the manu-
facturers will sell their product in 1892 for
81. 500. 900 less than they did In 1890. The con-
sumner of oil receives the benefit OF this great re-
duction in it's cost
The men who work in Mr.. Kcllogg's linseed oil
mill have not suffered any loss in wages in conse-
c.ence Of this reduction in the price Of oil They
-sceivc tho same wages as in 1900 and this also