The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-01-03
THE PROFITS OF BAAL.

The Mckinley tax on axes is As per
cent. American axes have long been
the best and cheapest in the world. A
trust was organized in 1890, advancing
the price of axes from s5.25 to 81 per
dozen. These are delivered on ship
board for export at IS per dozen.
Cartridges are. protected by a tax of
AS per cent. When the Chicago Inter
ocean, the high tariff authority of the
west, learned in 1891 that this trust
was selling goods Sin Canada at 10 per
cent. less than here it called it the
meanest trust in the United States.
A prominent exporter took the liberty
to tell the Inter-Ocean that prices to
foreigners are 25 per cent. lower, in
stead of 10 per cent He said: THE
rock bottom prices to largest buyers
in the United States are on rinn-fire
cartridges so and and 10 per cent;
on centre-fire goods, rs and 10 and 5
per cent; but a dealer in Toronto,
Can, is sold rim-fire goods at so and 5
and 10 per cent discount, and is given
on centre-fire 30 and and 10 per cent.
discount Four concerns protected by
stiff tariff, combine and crush out
all competitors in this country. and
then compel every American consumer
to nav them 25 per cent more than the
Kanuck or the Mexican Greaser pays
for them.
The copper sheet trust is protected
by duty of IS per cent. Tables re-
Gently published show that American
copper sheet rollers extort from to s
cents per pound extra profit from
American consumers. The American
price for copper bolts, for example, is
% cents per pound; the English price
is from IA to Is cents per pound.
The cordage trust advanced its prices
an average of over cents a pound
after the passage of the Mckinley law.
During the fiscal year ending October
81, 1891, the trust made a profit of ST.
4O6,S
On September "a, 1884, seventy or
eighty of the manufacturers of cotton
seed oil met in Arkansas and formed
trust, called the American Cotton
seed Oil Trust, patterned after the
Standard Oil Trust. The trustees re-
ceive all dividends and declare divi-
dends to the trust certificate-holders.
In 1883 there were 1000 certificates of
500 each, making a nominal capital of
Sal, 700, 600. The market prices of these
certificates was then $31, showing that
they were about three-fourths water.
The trust then had eighty-fve mills,
several of which were kept closed, and
crushed about so per cent. of all the
seed crushed. In June, 1888, bills were
introduced into the state Senate and
house of Louisiana to break UP the
trust because it fixed the prices of
agricultural products and prevented
the erection of new mills. The trust
officers paid no attention to these bills
In January the trust refused to pro-
duce it's stock books in court at New
IOrleans, for which soffense the attorney.
general threatened month later tc
Iseize its property for contempt of court
On June 20, 1889, the trust told its
policy holders that there were $1,000,
600 accrued profts-$2,6OO 900 in the
last year.
In 1890 we exported 1S,S4S,SS5 gallon:
Iof cottonseed oil, worth s5,291,1 7S
There have never been any imports
There was, therefore, no possible ex
cuse for the retention of any duty
which is 10 cents a. gallon.
The following articles of common
necessity are produced by the 'indu
rated fibre trust protected by tariff
of 80 per cent: