New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-07
lately mere revenue tariff would crush

inst lately a mere revenue urh """'" '
many dealers and manufacturers here
George T.. Painter. OF J. Painter sons Oo'hpah''
said: a. Do think a liability OF change ana par
tlcularly that there may bc lower u.Ii" i''
r, g.ot m the irop az steel business Most dc-
cld.aiv If would affect lis perhaps as 1irecuy as
- Tow our product Is cotton ties for the most part.
r now ,vc feel .he effect OF the uncertainty III the
corr. midst Of what is the busiest season. we "re
manning but have not the slightest idea "he'he' VIC
will be able TO sell thing next year what VIZ arc
milking now Is for this years orders eh'rciS' o'
,,udcr the Mckinley bin prices have been io"' un'i'
,ow t.ev have reached point beyond what ever
- t,n Ne compete directly with England III
,., ,ios and with a lower tariff could 90 ho'mhe'
Tho uncertainty surely has an effect tha' Is runo"''
uoycy.r | believe now that II the DeWoor"i' w"
cress when II meets would agree TO ho' uiS'u'o ~,
tariff for two years. business III al 'i'eS "o"''
immediately begin TO improve
y Humphrey, OF humphrey, NandeVor' va
remarked: NO doubt both dealers and lobDefS "''
goc,od largely l have not given the subject much
,hourh but think II safe TO say that the fear anu
unccrta inty affect matters all along the hhe E'ci'
II il were possible to operate under lower 'd'i
u.t II would take considerable time In which 10 au-
inst everything, and that would cause loss"
F. A. Yeager manufacturer and consulting TIL
riuecr said There is no question about H. As'"'
from the money market 1t has been gradual squeeze
dawn. Since the Democracy went into power the
distress has been growing. We don't KNOW whefe
ANYBODY Is al TO a slang expression >ooo's
knows. Mr.. Cleveland has not deeIhreu nlhs'ii' "'
the impression OF his views on the Arl' 'n"' HIS
gone abroad Is so nj variance with the pi'i''" y"
which he is supposed to have been elected thai no
lido, of nolicv can be derived from the conglomera
ton That is my view exactly and tmhk ''e i"o'S
hear II out perfectly. Any reduction aiec'S us
There's the Mckinley BILL against which arose suca
a Democratic howl IL reduced the larii Oh pc-"o
and the effect felt Immediately. lha'' auu'u
90 the present uncertainty. has shut u down. anu
TOO, Notwithstanding we have one oil the very ooN'
ooujppcd mills I'm the United states. We have an
abundance of automatic and laborsaving machinery,
and still it is 60. our mills are closcd plilo'P1rnS
Ircause we canEUt pay the Alnalgamatcd scaic. ihc
uncertainty would have caused smut down III many
mills know Of even If 1t Lao nov Dcen MIL many
for they are all bound up so closely III tle nv. t
business. 1t is just that way wnen nrn Tnircnc
cueit in quarter must be made ana 'nG hIs'
department. affected is labor IT Is nrers" ,n co SD
You must have Il certain amount OF caIhial 10 Com
duct operations. Ii is just gradual cru>,nS uum
Labor gets less pay. ohcc forces get less All afonhu
material cheaper unless the miners wage, "cro
forced down. The uncertainty which ahcT,s one nV
Fsqumau driving his dog team Wien ne wants tnc
team TO go forward he simply s III 'front.' @, him and
SO on along the line .,. . ,,o,.
W. Devices Wood answered the qnesoner the r cer
likely. IL is long question TO 1uy cp|I W. on u,
diiion Of the iron business for 4 lengthy pcrod OF
Ine. II Is 9 l'n,s story, but maybe the uncer-
'"i' ynaS,o~ Of thr Columbia Iron and Steel Com
many sad: . slvcr7 Boshl It's tarih that Is doing
a great deal OF damage. We are al sea- "iu 1 tr
worse of than If smen with adverse legislation ior
N, one knows TO whom to give credit. Buyers are
unsteady because they are AFRAID 10 uhGertahe any
en,erprise with a probability OF cut II l"fced -
adapt the iron and steel business 20 love- t.ni
and scale of prices everything related nheie,o Woun
have To come TO it. II indeed i. sufvlVru u, ia ia
Labor would feel 1t and feel It first or, Is at DGd
rock one Michigan mine that Know oil was sou
60 roars 400 for about 100000. Just forty days
AGO they laid of about half their men, ana more VIII
have o there Il no mnrh't 10 pI""uo' IL
more che ,ly the miner must dig for less wages the
ronstabots get less the boats on the lake less lOr
carving ore, and so on down."