The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-04-14

a Good Illustration Of the Madness OF the
Mckinley It'll.

Mckinley Mn.
II may have been altogether Hcci'
dental that the report that the duty on
block tin had been repealed was ex-
tensiycly circulated for two or three
DAYS after the adjournment OF con-
gress. The confusion which prevails
In the last hours Of dying congress,
the manner in which conference re-
ports are written. referring TO amend
ments by numb ers, render IT impossi-
BILE to tell precisely what has been
done, without a careful comparison OF
| reports with the bills to which they
relate. work for which there is scarce
ly time in the prevailing hurry and con-
/ fusion.
II is probable. however. in spite OF
| these draw backs, for one whose inter
ests prompt him to look after partic-
| ular bin or amendment to the neglect
| of all Others, to keep track OF 1t and TO
be able to know its fate as soon as 1t
is deterfnincd In point OF fact. 1t IS
in this way that the fate Of many
measures first become known TO the
public 1t is obvious, therefore, that a
person thus keeping track OF u partic'
ular measure, which is OF great I'M
portance to him and those he repre-
sents, but of comparatively little to the
general public. may easily have 1t in
his power to mislead others with ref
erencc to the matter, il his interests
will be forw arded by such course
Whatever may have been the origin
of the incorrect information, 1t hap
pencd that the adjournment OF con
rress was followed by considerable
speculation in tin. After the report
that the duty had been removed was
contradicted rapid advance in prices
of tin occurred The advance was not
confined to New YORK; at London also
the price rose about three dollars pei
ton az shillings CD. This increase o
price was directly contrary to VIVA
was demanded by the statistical posi-
ton of the metal Rumors were ais
, in circulation that several hundred
tons of tin stood in the names OF per
, sons active in politics. and that thes
/ persons had been active in Throwing
obstacles in the way of a repeal OF tn
duty.
The tax on tin. levied in the Mckir
lev bill, is to take effect July /. AZ
cording to the theory OF Mr. Mchinle
himself the foreign producers ought
nav this tax. Instead of making thel
arrangements to do this they have "a
ready advanced the price. Tins IS
anticipation of the increased deman
which is likely to follow the failure
repea al the law imposing the tax. Enghs
mine owners hope to initiate the shar
practice which was adopted before II
tin plate duty took effect. Our dealel
were anxious to import large quaint
ties before the higher duties BEGAN
operative. The manufacturers accor
ingly put up the price and were Their
by enabled to extract several milliol
of dollars from our consumers ~
probable that importations OF bloc
tin will be large between this time al
July 1, and the mine owners Will
their best TO collect part OF the tax
Mt advance.
q. The tax on block tin is no great IN;
e. ter as compared with other oppressi
is taxes, as it will amount to no mo
Id than twenty per cent. 1t is vauab
lie however. az an object lesson. becau
er it is a tax avowedly levied to prot'
American tin mines. although no Am'
Id lean mine is now producing pound
IS. tin. 1t is therefore a good illustrate
err If the madness of protection duri
ed the Mckinley era now happily past
Louisville Courier journal.