Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09
A PAYING INVESTMENT
Wire Rope Trust Gave the Re-
publicans $500, 900 In 1906.
THE PEOPLE HAVE PAID 1T BACK

The Duties Were FIXED In 1897 md
the Trust Now Rolls IN Prosperity.
A"ericRns Pay Nearly Three Time.
Price. Charged Foresgner.-Nnnr-
fRct"rers RulIdozed.
The almost criminal folly OF the pro-
tcctive tariffs OF today. AMI especially
OF the ineNcusRble tariff on iron and
steel goods. is well illustrated 10y the
wire rope trust.
The manufacturers OF wire rope have
for Gears had "gentlemen's agree
ment. on prices. an agreement similar
To that or the manufacturers of steel
rails or OF structural steel or OF sheets
or'of most OF the other products OF the
steel mills. The principal parties &c
this agreement, pool or trust are Johr
A. Roebling & Sons company. Trenton.
y. j.; Hazard Manufacturing company.
Wllkesbarre. Pa; Washburn 4 Moen
manufacturing company. st. Louis.
No.; lsoderick < Bnscom Rope compa.
ny, ST. Louis. and the wlnIamsport
u
Realizing that the prices which can
be got for wire rope depend largely
upon the duty on wire rope. the mem.
bers or this trust began I'm 1896 10 SOW
seed for the big harvest OF profits
which they have been reaplng since
1897. According TO the statements OF
some OF the members, they contributed
100000 10 the Republican campaign
rund I'm 1890 AT least II all contributed
their pro rata shares. as did some Of
the members. the Republican admins.
tration or 1897 was indebted To this
trust I'm the sum OF 100000
AS the better grades OF wire 70,
have always been and still are ms
largely from imported rods or wire
Qarger than No. % the trust wanted nc
Increase on the duty OH wire rods.
None was made In the Dingley bill.
The duty OH wire rope. however. was
Increased 10y the amount OF the I'm
creassd duty OH coated or galvanized
wire. The trust was also permitted To
continue To benefit by the unrcasona.
Tile tarin which compelled Importers OF
wire rope To pny the same rntc OF duty
per pound on the central core OF the
rope ns upon the wire OF which the
rope Is composed. This central core
usually consists OF tarrcd jutc or hcml,
aud ls used only rs former around
which to twist the strands. Il hns M.
Tie or no value. hut adds 3 10 10 per
cent Ia the weight on WHICH duty IL as.
sessed
"a At n A
their tastes. they proceeded TO reap In tlr
profits by putting prices at home up To
the tariff limit. while lowering prices
20 foreigners so that our rope IL ex-
ported To every important foreign coun.
try with the possible exception OF Enr
land. AS the duty on imported wire
rope Will average nearly 100 per cent.
the trust charges domestic consumers
more than twice what is charged for
eigncrs for lis goods.
In the following table are compared
net cash prices In America and Eng.
land. The American prices are obtnin-
eel by deducting 10 per cent from the
! price list OF John A. RoeblIng 4 Sons
company for galvanized transmission or
haulagc rope composed OF six strands
ana IA hemp center. seven wires TO the
strand. The ordinary discount TO
agents for this class OF rope ls only 40
ana l2ia per cent. But ms some agents
get special discounts Oh some kinds OF
goods. which amount TO GO per cent net,
l have taken this lowest possible price
The English prices are those quoted IN
letter written April 10. 1902. by a
leading English manufacturer 10 a
New York dealer They are for gal.
vanized BB wire rope. six strands, each
seven wires, and are {. o. b. LiverpoOl:
PRICE or GALVANIZED STEEL WIRE RoPn
(cENTs PEE FooT)
Approx American