The Montgomery advertiser., 1909-06-03
COTTON MEMS
BIG EARNINGS
Senator Gore Astonishes
the Senate.
CITES LIST OF COMPANIES
The High Protective Tariff Is At
tackled.
senator Laroilette Entered Upon 9
Long speech IN support Of the
Enort to Lower the
Tariff Rates.
CITES LIST OF COMPANIES

list of cotton and wooden ana manu-
featuring companies and giving their
earnings, capital stock. surplus. etc.,
Senator Gore again at the beginning OF
today's session, undertook the task Of
showing that corporations engaged In
the cotton and wooden industries are
making very large earnings.
The speech was one that no other
Senator would have attempted without
constant reference to notes put tne
blind statesman from the Southwest.
found no difficulty In giving oR-hand
the greatest variety OF details without
the ability to assist his memory In any
way. The Senate had promptly begun
the days business by resuming consid-
GRAFTON of the schedule of the tariff bill
and Mr.. Gore. was the first speaker.
Referring to the cotton and wooden
manufactures and with rasping and
sinister tone the Oklahoman said he
did not blame them for their large
earnings.
II know they are intelligent citi-
gems" he said, Judging from their bus
mess success and from their selection
Of United States Senator's"
He referred in sarcastic language to
the statement made yesterday by Sem
ator Lodge that some Of these large
earnings resulted from sales OF real
estate fortunately acquired many years
ago, and said that the stock OF the
: Troy Cotton and Wooden Company, OF
Massachusetts. had been advertised as
earning 81 per cent In 1907 without
reference To profIts from real estate
Gales. He suspected. he said, that the
GOOD natured. phi1anthropic manufac-
tuners aid not divide their earnings on
the square with their laborers."
Senator Nelson followed.
"The business interests Of the country
need not be alarmed as their appeals
10 u for prompt action on the tariff
sndicateg. because there win be no
DOWNWARD revision" he declared after
rsvtng the understandinR In his state
vas that the tariff would be lowered
srha anti thinR they have to wait for.''
he cor1tfnued TIa 10 see how Ear they
can mark ur their goods. At least
there viii BE no downward revision
that they themselves do not consent
TO-"
Sustaining the contention of Senator
Dolliver in opposition to the specific
duties In the cotton schedule reported
by the Committee on Finance. Mr.. Mel
son gave extended examples Of specific
increases and their equivalent ad va
loren rates to show that tneo mad peen
placed higher than In the Dingley law.
81 have demonstrated" said Mr.. Nell
son. after he had concluded his anaiy-
sis of the cotton schedule. that this
bill increases all OF these duties from
3 per cent to more than 30 per cent
over the rates OF the present Dingley
law"
Question of n Quorum.
Senator Beveridge, raising the ques-
ton of the absence OF q quorum when
the Minnesota Senator began to ex-
plain the cumulative duties which he
declared were provided In the cotton
schedule. Mr.. Nelson interposed to say:
"Oh! These high protecttonists do not
care to hear me-never mind It would
do no good IL they were all mustered
In here, they would retire again"
Mr.. Nelson did not yield, and in ac-
cordance with the precedent establish
ed last session, the chair did not recog-
nize the demand for a quorum.
Mr.. Nelson was followed by Senator
gFrye, who. citing reductions in capital
stock made by New England cotton
manufacturers and referring to the
failure OF some concerns to make their
business profitable at all, protested
AGAINST statements that inordinate
nTofits had been reaped by that indus
frv SIX per cent. he said, was as
much as had been made In the cotton
mills. averaging the results Of a long
term of years
Mr. La toilette then entered upon a
long aneech In support of the EFFORT to
lower the tariff rates Quoting from
the writings or speeches OF Alex Ham
alton Lanes q. Blaine and Others con-
rerninr the principles Of the protectiva
tarifY. the Wisconsin, Senator declared
fhat he stood with these authorities in
- the revision of the tarfm 3pes'
81 am not q radical upon the avatam
~ protection" he declared. 1T am a
conservative. the man who here cIain,s
ths Ieadership Of the RepubIican nsrtv
80 seelCinx to modify the svstaro -
-rotection."
Mr. Ia FoIlette discussed Oh. Me-
@actlva tariff In its relation IN T,onon-
, oIS which he said was a fl,rect ras,,It
81 nroh ihItive rates OF duty. tJs s.
Sartad FRAT 2oo manufacturarS 40 S,hos.
-vaahtnrton berrirr for
core me COMMITTEE ~ n,
ontroI ~ tha tsnnsr,a.
nronbasiad thai ire nact,a-.
- ~. ard avertvoIf,, -.
T., ths tanneries hut an "a
,yy.sthar '"e
ii,ra 10 aalx thn ssns4or a,
cation ~ canitaI u1hIcb ~
70 as true ~ not worIdw,Se
nSned 10 the IJniteS ststss'9s.