The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-12-06
BUREAU OF THE SENTINEL.


The ways and means committee full
filled its promises this morning and
brought before the public a draft of the
new tariff measure. 1t has been pre-
pared after weeks of labor as noted in
this correspondence, and OF the measure.
Mr.. Bynum. one OF the most prominent
members of the committee, has this to
say to The Sentinel correspondent:
1.-THE tariff bill proposed by the demo-
cratic members Of the committee on ways
and means will. think. receive the ap-
prevail of the frien1s Of tariff reform
throughout the country. A strenuous
effort was made to influence the mem
bers in favor of some special interests.
but a careful analysis " the measure
will disclose the fact that selfish in
fiuences did not operate to control the
minds of the members of the committee.
There may. and no doubt Will be,
some disappointInents and some criti-
cisms, but these will be short-lived. The
democratic party is earnestly and hon
estly in favor OF revenue reform and
will, in my judgment. come up en-
Enthusiastically and soildly to the sup
port of that principle. 1 have every
confidence that che bill will become a
law without any radical change and that
Its results will meet the expectations
Of its most sans,'ire supporters.
History Repeats Itself.
"Our condition at present is similar
to that of Great Britain. After a long
period Of excessive protection, in 1S41. Sir
Robert Peel took Office at the head of
one of the most powerful majorities
pledged to the maintenance OF rrotec-
ton for the agricultural. commercial.
manufacturing and colonial interests.
and yet within FIVE years under a min
istry placed in power to uphold protec-
ton and a parliament chosen to main
tain the system the corn laws were re
pea1ed and free trade practically ac-
complished
What influences operated to bring
about such "a remarkable change? Moth
Ing but a practical demonstration, such
DIS we are now experiencing. of the fatal
results Of the restrictive policy of pro-
lection. which had been pursued for so
many years. The commerce of the
country had been plrayzed. manufac-
tories closed. labor turned out of en-
ployment and a growing deficiency in
the revenues Of the government threat
ened the public credit. in describing
the condition of affairs when the Peel
ministry assumed power, Noble SAYS:
Every interest in the country was alike
depressed. In the manufacturing dis
tricts mills and workshops were all
closed and property depressed in value;
On the seaports shipping was laid up use
less in the harbor. agricultural labor
4rs eking out a miserable existence upon
starvation wages and parochial relief;
the revnue was insufficient to meet the
national expenditures; the country was
brought to the very verge of national
and universal bankruptcy
1T was the experience Of the time
that drove the ministry and parliament
10 the adoption Of some measure of
reform which, when once inaugur-
ated, proved so beneficial that the great
cause of reform could not be checked.
but triumphed over all opposition. And
It will be so with US. With four years
under the influence and operation Of the
proposed measure McKinleyism will not
command a respectful hearing even in
the republican national convention"
As Affecting Indiana Industries.
Your correspondent also obtained from
Mr.. Bynum the following figures, which
are important TO the industries Of In
diana: Earthenware and pottery sched-
ule-Encaustic tile reduced from as to
25 per cent; decorated, from As to 40 per
cent. Common brown earthenware.
from % TO 20 per cent. Plain white
granite ware, from IS TO 30 per cent.
Plain china from 80 to 40. Decorated
china from 90 to IS. Glass, large size
plate glass, Is per cent. TO IS cents per
square foot and 80 to 80 per square
foot.
The present rates upon an ad valorem
basis are II and 13S per cent, while the
proposed rates would be 80 and rs per
centum. Window glass IS reduced from
ia, rs, 2&s and 31k cents per pound to
Ia, 1ss and IL cents per pound the
present ad valorem being 40, 100 116
120 and 115 per centum, while the pro-
posed rates will give S5. So. 56, 81 and
IS per centurn.
Iron-Pig iron is reduced from s672
per ton TO 22Iz per centum, about $3.50
per ton. Steel ingots and slabs from an
average ad valorem of SO to 25 Der
centum Bar iron from So to 30 per CEN
tum ad valorem. Steel rails from about
so 10 % per centum, or a reduction
from S13 70 $3.50 per ton. Wire rods from
80 TO 80 per centum. Sheet steel and
saw plates from ~ 20 80 per centllm
Galvanized from 80 20 30 per centum.
Black plates from 81 TO 30 per centurn.
Tin plates from 70 to 40 per centum.