Daily press. [volume] (Newport News, Va.) 1896-current, 1909-05-16
CONCESSIONS GRANTED
IN WIRE SCHEDULE
AIdriCh Also Consents to Allow House
Rate on Structural Steel
to Stand.
TILLMlN COMMENTS ON CARNEGIE
Progress Made in Senate on Steel Sec
ton Of Tariff Biii-Senators Con-
tend That Rate on Structural Steel
is Still Too High-Razor Duty Dis
cussed.
fRv Associated Press.l

fBy Associated Press)
WASHINGTON. ID. C., May ID
When the steel schedule was taken
up in the Senate today Mr. Aldrich
withdrew the amendment OF the com
mittee on finance increasing the du-
ty on structural steel from $40 to 40
of one per cent. per pound, and the
House provision OF $40 of one per
cent per pound was adopted. Refer
ing to an amendment not permitting
structural steel to be assembled when
imported, Mr.. Aldrich said:
The rates of duty in this indus
try have been cut nearly one-half.
and | desire to place on record the
great apprehension that we may be
committing a grave injustice to this
great industry"
Duty Still Too High.
Senators Cummins, Newlands and
Smith. of South Carolina. contendeo
that even with the reduced rate the
duty was too high
Reading from the testimony of Mr..
Carnegie before the ways and means
committee concerning profits in the
steel industry. Mr. Tillman declared
that Mr. Carnegie had made a vast
amount of money by favcritism in
legislation.
Il will not say by dishonesty" said
Mr.. Tillman." because he has only
taken advantage of the laws We pass.
But hehas made more money than
the entire bunch of us here put to-
gether, and there are some very rich
men in this Senate. He has given
away more money than all the Demo
Gratis of this body possession times
as much, + expect"
Gives Up to Carnegie.
Saying Mr.. Carnegie had taken his
great wealth from the pockets of the
people, Mr. Tillman added: Il use
nails. and wire fencing and other
products of his corporation and when
| buy these thing%H6 takes money
out of nv pocket AM puts it in his
Mr.. Bacon became engaged in a
colloauy with Mr.. Aldrich concerning
the effect of the protective tariff on
prices and insisted that the United
States Steel Corporation needs no tar
if TO protect it.
When the paragraph on steel bars.
plates and sheets and pressed steel
was reached, Mr.. CulbersOn desired
information regarding several addi-
tional values of steel which were pro-
vided with high duties by the finance
committee.
New Kinds of Steel.
Mr.. Aldrich explained that the ac-
ditional brackets were put in to pro
vide fair rates OF duty on several new
kinds of steel which were not made
at the time the Dingley law was en-
acted. These new kinds of steel. he
said, are known as high speed steel
and are very expensive.
Wire Schedule Amended.
The wire schedule was amended on
motion OF Mr.. Aldrich so that in only
one instance was there an increase
of duty over the House bill. while in
eight OF ten instances the duties wer-
lowered Fencing wire was reduced TO
the extent Of about twO-thirds Of the
duty provided in the House bill. White
Mr.. Aldrich was explaining these re-
auctions Mr.. Beveridge interrupted 70
say: Il am ve-v glad to see that
We are making progress"
An amendment by Mr.. Burkeit. the
effect Of which is 10 reduce the duty
on barbed wire from 500 per hun
dred ponds 10 - cents. was accept
ed b. the committee on finance and
adopted bv the Senate.
Pen Knife Schedule Adjusted.
The section relating to pen knives.
etc. was amended so as to require
the name OF the maker o. importer TO
Re stamped and with the name Of the
corntry II origin die-sunk on AZ least
one blade as a protection against
frauduleni representation 20 70 place
Of origin.
without completing the schedule
the Sc1ate went into executive sea
sion.