The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1892-12-02
RECORD OF ONE WEEK
NOT A PLEASANT CONTEMPLATION
FOR THE MKlNLsy lDoLATEHS'

FOR The MkiNL6y iDoLAI EHo'
rr,s,s Formed, Mills Closed. Prices Raised
and Wages Reduced In Artiaciniiy SUM-
..,.,ea Industries-A Very Startling
Condition.
II il the claim Of protectionists-as
r,aiculous as il is gencral-that protec-
10, thrills tend To destroy monopohes
o,a ,rusts. 10 increase production 70
lower priccs and 10 raise wages. larii
reformers take different view on an
these points and base their opinions less
mon theory and more upon FACTS. lhey
have recently called the attention OF the
co,ntrv TO a list of 100 tariff trusts, 10
LIST of 500 wage reductions IN protected
industries since October, le9o' 70 nun
drcds OF articles on which both theu uty
and the price have been Increased 10
hundreds of mills and factories closed
Inv these tariff trusts 10 restrict produc-
ton. and TO numerous other similar iac's.
Readers of trade papers come across
multitude Of facts on the tariff reform
side Of this question. Here are few
talan from The Weekly Iron Age OF
Aup. 4. ls92-it should be remembered
that the greatest Of all protected INDUS
t,;as l. that of iron and steel manufac-
ture:
7, rnblishes list OF eight big iron and steel
combines and Of several smaller ones OF recent
da,a These embrace the manufacture ois,eei
rails structuralstec crucible ana open marin
steel steel hillets. wire rods. wire' wire nai,s'
boiler and tank plates. armor Plates cut haiis'
slabs, pig iron. bar iron. ETC.
IL discusses the tactics or the coai COM
hine." which has advanced prices OF anthraclte
coal several times during the last rev noh'ns'
and which will continue 10 make advances
from time 10 time in sort OF ari'hheuch
progression with the apparent II NOT "Pe'y
avowed design OF reaching certain maximum
say S. u ton for stove e'oro 'no SUI"
hies.'" 49,,
or course the duty of - cents a ton on ptu-
minous coal. which completes with anthraci'e'
makes Il eas.er for the coal companies 10 reacn
"a certain definite maximum
usav. The late eat combine In the mercantile
world Is a fur pool with Slo,WouO capital In
which nearly all the firms In the trade H. We
hacome Interested" This Is the George W.
'rreadwell trust. which has IA monopoly OF me
al fur Industry OF Alaska. and also OF the
dyeing Of furs. and which can adjust prices "
this country up to the limits Of hduty.
uannounccs firmer and upward prices Tor
,.,ir.a and cut nails and reduction or To ~ per
cent in the scale Of wages for wire DRAWING ~
lsg2 and ls9 also that a large number Oh wire
and cut nail rsills ARE shut down.
IL ,avs ''ihe Continental Tube WORKS a.
Franksto,,n. near Pilisbure. has closed cowt
Tor an indefinite period" because THE lirm az
moi f.el iustfhed in buying skelp iron IN IN
omen market at the recent advance III pi'ct7'
"On account Of the depression In The irol
! market. the Isabella Furnace eoihlans' oIe'
! ating the Isabella furnace at Etna, "a, va,
banked down one stack and viii PROBABLY Dan
another during the present week
! "Addyston Pipe works. the largest IN IN
! country, has posted notice OF shutdow
for nm indefinite letiod
..The Dunbar Furnace company. at DnnHal
Pa. GENERATING the two Dunbar FUR naccs. close
\ them down on saturday. july 80. TOT an )!
definite period.' closing down due 70 20
..pres.nt depression existing Ia the pis ro
trade" .p,n
| aal,hia has started upon three-fourths Ct
nacitv after shutdown of'three weeks. du
.nr which tine the workmen concluded
make the required concessions necessary
resume work. -
Recent advances amounting 10 u ana -
ION have been made in structural steel
There il better tone to prices" OF barb
wire and .'some OF the manufacturers ma
withdrawn their quotations
ut Is estimated that about l5.oD men q
now idle. causing some eighty uuiiulhRs
York city. -,
at IL intimatcd that during the prese
month "A perc, ptible increase In prices van
| noticed" for window glass.
The Iron Age attempts editorialiy
explain the grave necessity which exi'
for ..the leveling of wages IN the II
industry. 1t says both prices and wa
have been on MI artificial basis, and u
with tine disappearance Of artlhc
values an artificial standard OF wa:
also falls
These items-such as occur ev'
week give a fair idea Of industr
propped UP by u tariii-unsteady
fuctuating prices and production C
binations OF capital to restrict prod
ton, raise prices and reduce wages,
Dor unions to resist the reductio
strikes, boycotts and labor riots
paid for in the end by the consui
who votes TO sustain this unnatural
! unhealthy system Of providing for
wants