The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-02-14
NOW AN IRON ORE TRUST
Which VIII lie strengthened by the Iartn
on Foreign Ores

Alta meeting of representatives Of .
the Eessemer iron ore interests on the
NeSaba. vermillion. Govebsc. Menoml-
nee and Marquette ranges in the Lake
Superior mining region. held at eleve-
land on January To- an agreement was
made bv which the owners OF the varF
ous properties are 10 act together IL
fxin. the prices Of ores In order &c
maintain rates it will be found neces
sarv 10 limit production. and accord
inClv an understanding was reached
whereby the output Of different mines
will be equitably determined IL =
stated that the deal was brought
about chiefly through the efforts 81
John d. Rockefeller. Of the Standard
oil trust. who has recently purchased
extensive iron ore properties IN the
Lake Superior district
- the promoters of this new trust
. control practically all the Eessemef
. ore mines. they will probably be able
10 carry out their plans for this sea
sons output The result will De That
, the iron and steel makers Of Chicago.
, Cleveland. and other manufacturing
: centers. which depend on Lake suDc-
nor ores. will be forced 10 pay higher
priees for their raw material This
: viii increase the cost Of iron and steel
. in all the forms in which they are con-
summed. and will injuriously effect hun
, dreds of industries which are engaged
in converting the products OF furnaces
| and rolling mills. into various forms
! of manufactured goods Higher prices
! will mean that the farmers nails
. fence wire. cotton ties. axes. bolts. and
: HINGES. and all kinds of hardware IN
, General use. will cost more than they
: ID. now In this way the long arm 81
the ore trust will reach out over tbs
l whole country. and its nimble srge-'
: will rlch from the peoples pockets
D norton of their hard-earned wealth
I The only hindrance 10 the or-a.,iza
! tian % a national ore trust. WHICH
G vould control all the iron mines o
: the country and put up prices FAR above
what the Lake Superior ore producer
; will be able TO charge is the competi
: ton Of the iron ores Of Cuba ans
!. Canada which under the reduce
i duties of the Wilson tariff would come
II in in large quantities Were an attemp
e made 10 corner the market That IN
e duty on foreign ore was not altorethe
e abolished. as provided in the tariff bal
= when IL was passed bv the house
" dfstinctivelv to the advantage OF IN
l. men who are now trying To make tn
: Dsople nav more for iron. Tie agent
D ia the senate Of the few monopoiis.
Y who own the principal ore deposits
Lrew how important IL was that fol
eirn competi,ion should be prevente
bv high tariff taxes The duty OF
Of cents per ton imposed by prot.ctions'
senator's means that the orc baror
N can charge Just that much more Il
- their product
- with the threat Of higher prices
ne ore and reduced production. whic
II will mean less employment for labo
m IL would seem that the time for publ
&c favors 10 the great and powerful ire
IS mining interests was past II sure
IN cannot be said that the business
sboveliny IRE out OF hole In Il
e. Ground is an infant industry whi'
OF still needs protection Iron has bc'
~ mined in this country for about
IN wears. and the infant mus. have
SIX wisdom. teeth cut by this time. y
we The republican house has passed b
nc which increases the protection on ir'
Thi ore. and IL the Mckinleyites cou
lts have their way there j. no doubt }
.ey that they would restore the duty Of
'se cents per ton. or even impose a high
81 tax This j. the answer VI the repu
40. lican party 20 the peoples prot
oi against trust oppression. aided
IN tariffs which shut out foreign comPs
pc ton: sswe will give the mine ow a.
a'e more protection, 50 that they
YIN charge higher prices. Just as soon
irTy' we ret a chance 10 legislste." v
IN the people like that sort Of favoriteis
Pc The people-their business : TO y
az and pay taxes. not TO ask foolish qu
Of tions about the origin Of repubii'
80 campaign funds. cr why trusts p.
e in millions 10 control congress :.
lion d W