The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1893-12-27

,,op. IN oupositicn 10 the bill and now process |
~ stateuents As to particular items Win I'll
our efforts 70 be concise, these statements 10
the aRrregate will occupy many pages ano "ne.
we add our regrets that the work Is only paLu
.lIv done and many things omitted We inoioate
the vast extent Of the industries threatened Hnu
the complications which this bill VIII give rise
To- ,n.
Tho report then takes up the schedules OF INC
bill seriatim, beginning with cnemicais anu ~ ~
aiyzes the changes made and comments on uo
rossible effect Of these changes on the indus
trial future OF the country.
The most important portion, relatinR 10 ronA
wool and coal is In part as follows:
That winch lies at the base OF our iron anu
steel industry IN iron ore The existing outS
thereon Is seventy.nve cents per ton. The rev
enues from its importation aggregated IN tne
last fiscal year over half q million OF uolaIs.
II is proposed under "tarin bill Tor reVenus
only" to throw away absolutely every cent =,
This large revenue by putting iron ore on the
free list The bill proposes TO put into conpo
tition with American ores foreign ores some "
which are produced at q labor cost one-tentn,
and none Of them ot labor cost greater tnan
one-fourth Of ours IL proposes 10 Drlns ous
laborers who get from g. 90 to 1900 per day, ana
who work from nfty.five TO sixty hours "eoA
| into competition with laborers who work sew
enty.two hours week and get thirty-siA 70 si1
" cents per day. Our miners, who get iron'
l225 TO q 20 per day into competition Win those
who get from sixty to seyenty-two cents POI
day. ,,,...
II proposes to condemn TO temporary idlenes'
and ultimately to divert into new channels
after m immense loss II not the whole, at leas
| n large part Of IN invested capital OF over thlr
ty.three and onethird millions OF dollars toue
priye our transportation lines OF large pro
portion OF their profits from the carriage Oh 'ne
ore product and 10 leave undeyeloped treasure
hidden under the soil Of twenty-six states ah'
two territories 4,
The bill deals with the wool manufacture II
terms scarcely less radical than those accorue'
the wool growing industry, upon which II s.
largely depends II proposes 10 revolutions
the manufacturer OF woolen goods by transfer
, ring Il from the basis OF dutiable materials '
free wool, change more radical than any Yea
ile industry in any country was ever forced
mako without the most careful provision Tor
safe and gradual readiustment
Contemplated Legislation, which impein
over 1870 OOO 700 Of capital invested In paruc'
. lar industry and involves the fortunes OF ooo'
{ pations OF hundreds OF thousands OF its citizen
q demand special provisions to render sucn
a transition safe, gradual and easy as possioi
a This bill proposes 70 compel our wool manuia
4 turers 10 accomplish the transformation In OF
month-that being the brief interval above
Q after wool becomes free before the duties COZ
!. nensatory for the wool duties are removed FRO
e voolen goods These manufacturers arc g
b pected TO accomplish In one month what tne
il foreign competitors have been generations
Is learning
u That transformation involves the compile
;. readjustment OF the prices OF raw material
b No man can know when he buys his WOOL pen
/. T. ,hI. ia1iala tton what that wool or the goo