The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-11-27
MANY RAW ARTICLES FREE
Springer's Special Wool Bill In
corporated in Wilson's Bill.
Duty on Refined Sugar Cut, Raw to Re-
main Free andthe Producers Bounty
to Die Gradually.
;pecial 10 the Indianapolis Journal.

dustries, as heretofore announced in Jour
nal specials, are stabbed deeply by the new
tariff bill, which will be made public to-
morrow. If they can survive the shock 1t
will be because they are located near the
base of supply and demand, have many
advantages over other sections and are
well established. OF course. the natural
gas belt viii fare better than any other sec
ton, having the advantage of free fuel,
which in itself Will make a good profit to
dealers. The proposed law will not go into
effect till April. 1895, which shows that the
Democratic members of the ways and
means committee fear the shock the meas
ure will have upon industries.
The long time given is with a view to
permitting manufacturers who may have
on hand raw materials, time in which to
cover the losses which they would other
wise suffer by the introduction OF free raw
materials. 1t will also give the first hand
dealers who have large stocks Of manu-
featured goods, like cloth, an opportunity
TO dispose OF their stocks on hand before
they are brought into competition with
articles which will have to pay far less
duty than at present. At first glance the
deferring of the date TO April, 1895, appears
to have much political significance, as an
entire new Congress will be elected before
that time, and yet the Fifty-fourth Con-
gress, which succeeds the present one, does
not come into being until March 4, 1895,
and will not be in session unless called in
extraordinary session, until December, 1895.
For this reason the new tariff bill, if it
becomes law, will take effect before any
expression at the polls can check the alb
solute operations Of the law.
Probably the most Important feature of
the bill to Indianapolis and other manufac-
turing and commercial centers is the freq
list and the great reduction OF duties upon
iron and steel, glass. TIN plate and wooden
goods. On the free list there will be placed,
in addition TO the large free list already
provided by law, coal, iron ore, wool. lum-
Der, logs, salt, copper, lead-bearing silver
ore, hemp, jute, copper, copper ore and
many articles OF less Importance. Every
one of these staples enters into the manu-
facture of everyday necessaries of life,
and altogether they affect directly and
vastly every important manufactures in
this country. More than this they affect
directly every individual consumer in the
country. Most important of all, these para
mount features of the bill are all or nearly
all sure to stand in the bill as at present
when the measure has been acted upon by
the House and Senate. While the duties
fixed on manufactured articles will undoubt-
eddy be materially modified by the Senate,
there is but one article on the free list
bituminous is at all likely to
be changed in the Senate 1t is believed
that about 80 cents a ton will be placed on
bItuminous coal by the Senate to satisfy
the demands of Democratic Senators from
West Virginia, Alabama and q few other
States.
THE CUT ON GLASS.
n0o @f a. o.,f.-% -,
article of consumption which is largely
manufactured in Indiana is window-glass.
The duty OF about 40 per cent. levied by
the Mckinley law is cut in half. The large
protective duty levied on plate glass
has been reduced nearly 40 per
cent. The duty upon glass, as
upon almost every other article,
is made ad yalorem instead Of specific.
Plate glass will have a duty ranging fran
is to 40 per cent. The duty on bar iron.
rods and wire nails is fixed at 80 per cent.
ad valorem. This is a reduction of about
one-third Of the present duty. All kinds
Of merchant iron are embraced in this re-
duction. This covers the blacksmith's anvil.
FORCES, gun barrels, plows, sledges and ey-
cry one Of the infinite variety of metal ar
ticles which one finds on sale
in a hardware store.
The duty on tin plate has been reduced
to 10 per cent. ad valorem, and the duty on
black plates or black terne to 50 per cent.
This leaves a margin of only 8 per cent.
between the black plates and the tin plate
itself, which does not nearly cover the
cost of dipping or Timing. and the result
Will be that the plates, as well as the tin,
will have TO be manufactured in this coun-
try, if tin plate is not indeed all hereafter
L ip1pNpfod IN tho HnfGnad r1-o -fa
seem that every important article of manu-
facture in Indiana, where few patents are
used, is cut TO the greatest extent. 1t IS
an anti-Indiana bill from start to finish.
The important propositions made in con-
nection with the preparation of the bill
namely, an income tax and an increase OF
the whisky taX-are to be left out of the
measure and treated as separate and dis
tinct propositions, subsequent to the adop-
ton of the bill itself. 1t is generally under
stood a report will shortly be made in favor
of taxing corporation shares, and it is just
possible that this proposition will, at the
last moment, be incorporated in the main
bill, which is to be made public at II O'Clock
tomorrow. II is altogether probable that
the increase of the whisky tax will be fav-
orably reported at no distant day, as the
dill as it stands tonight, while purporting
10 De a revenue OH, uceS not raise as much
revenue as the present law provides. The
proposed tax on corporation shares would
give the government about 5000 900 a year
from the start. a t least $50. 600. 600 annually
more revenue than is at present collected
must be secured by some means through
this measure.
1t is the general belief among the major
ity of the members of the mi that
not only will the limited income tax prop
osition be adopted, but that final
~ the whisky tax will be in
creased, and that the Senate will
put a duty Of l cent a pound on raw sugar.
While it is believed that the augmentation
Of imports By reduced duties will more than
make up the losses which the government
must sustain by additions to the free list,
they Will not be half sufficient TO meet the
demands of the government in the way OF
increased revenues. Thus, income tax. a
duty on raw sugar and an increase OF the