The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-11

man knows how many steel rail concerns
are to-day in the hands of receivers.
Mr.. Johnson-Weu, displaying at his
desk a legal looking document, here is
the proof of the existence of a new trust
organized since the dissolution of the old
one.
APECULIAR CONTRACT.
He then recited the petition of the re-
ceivers of the Sparrowspoint, Md, steel
rail mill, filed in court a. Baltimore on
Nov. p last, TO be permitted 10 sell 30O,
600 tons of rails to Il. +. Kennedy at SO,
with a provision attached that if for any
reason Mr.. Kennedy did not want the
rails, he was to be relieved of his con
tract to take them by the payment of 81 a
ton Mr.. Johnson said he was curious to
| know who the gentleman was that could
contract for so many rails at 81 more
than the market price. and agree TO for
felt 81 a ton if he did not take them. So
he investigated. he said, and
| learned that Mr.. Kennedy was
an officer. stakeholder and
director of the Cambria Iron and Steel
Company, rival concern, and secretary
of the new steel rail pool The 81 per
ton provision in the contract was simply
a blind to cover the payment of 81 900 a
day to the SparrowspOint concern not to
make rails, just as the pool was able 10
pay another concern $50, 900 year not to
make rails weighing over fifty pounds a
yard. The tariff of % per cent. enabled
the pool to do this. Turning to his demo-
cratic associates he continued: DO you
wonder that Just before Mir. Carnegie
went 10 Jerusalem, the other day he
stopped long enough to say that he was
perfectly satisfied with your bill2"
Throughout this episode the democratic
sN-.-a -
Of Mr.. Johnson's retorts by frequent APP
plause.
THE VALLEY OF DEsoLATIoN.
At :55 o'clock Mr.. Dalzell addressed
the committee in opposition to the bill
Mr.. Dalzell is a member of the ways and
means committee. He said the election
Of the democratic candidates and CON
gress in 1892 resulted in a crisis among
the most appalling in our economic his
tory. All our industries suffered immedi-
ate collapse; trade, foreign and domes-
tic, became paralyzed the ghost
Of distrust stalked threateningly in
all the avenues of commerce,
and fear fell on all men, rich and poor
alike. As a people, we walk to-day in the
valley of desolation. The doubts engen-
dered by democratic accession to power
have been justified and aggravated by ex-
perience of democratic rule In the few
luOubllS bDdJ blt uOUllldUl party mas nelQ
the reins of government, it has proved it.
self conspiciously incompetent to deal
with single important question pre-
sented by the responsibilities of civil ad-
ministration.
THE PLAN OF RELIEF.
"In this deplorable condition of things,
clouds and darkness all around us, what
do those who rule our destinies propose
by way of relief. A tariff bill, that If
nnn tod TaF
nounce the most infamous legislative
crime of our history. Instead of relief it
brings aggravation. To the man whose
idle capital is bringing him no returns,
whose plant by disuse is depreciating, and
whose income had been badly narrowed
or entirely cut off, it offers the deceptive
lure of free raw materials and the ignis
fatuus of the worlds markets, while it
strips him of the ability to compete in any
market and be just to his employees. 10
the farmer it offers, instead of protection,
an enlarged competition from abroad in
the products of his farm instead of vast
and growing home market, a market
abroad in which his increased surplus can
not but degrade prices"
Mr.. Dalzell concluded his speech at 1855
O'clock.
The remainder of the days session was
occupied by Messrs. Warner and Coombs,
of New York, in speeches in favor of the
pending bill
At 20 o'clock the committee arose and
the House took recess until o'clock.
JERRY SIMPSON IN THE CHAIR.
At the evening session there were only
about ten representatives present.
Last week, when the democratic caucus
was in session, a tender of recognition
was made to the populist party, and to-
night, for the first time IN the history of
the House. pOpulist, in the person of
Jerry Simpson, occupied the chair
Mr.. Snodgrass, dem, of Tennessee, was
the first speaker in favor of the Wilson
bill, but large part of his remarks were
given up to criticism of the pending
measure. Mr.. Snodgrass' position on the
Wilson bill was not very clearly stated,
and Mr.. Van VOorhis, rep, of New York,
was impelled to ask whether Mr. Suod-
grass was for the bill or agin it."
Mr.. Snodgrass was followed by Mr..
Mahon, rep, of Pennsylvania, who
attacked the pending bill. as also did MIR.
Curtis, rep, of Kansas. Mr. Cur
it's constituents being nearly all engaged
in sheep raising and farming, he chiefly
arraigned the wool and live stock sched-
ules of the Wilson bill These three gen
tlemen occupied all the time of the even
ing session, and at 1890 o'clock the House
ad IOurned