Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1909-05-18
CARNEGIE ENRICHED
BY FAvOR|T|SM
Senator Tillman, in Speech on
Steel Schedule, Refers to Big
Profits Made by Magnate In
Steel Industry. -.

J WASHINGTON, May 15.-When the
j steel schedule was taken up in the SEN
ate today Mr.. Aldrich withdrew the
amendment of the committee on finance
| increasing the, duty on. structural steel
I, from $40 to 4-10 of one per cent per
: pound, and the house provision OF S-lO OF
zone cent per pound was adopted.
! / Referring to an amendment to this par
agraph not permitting structural steel TO
be assembled when imported, Mr., AID
: rich said: w.. coed. s-.-... -,
THE rates of duty in this industry
have been cut nearly one-half, and de-
/ sire to place on record the great APP
prehension that we may be committing
grave injustice to this great indus
try" ....., ......s
! Senators Cummins. Newlands and
Smith. commended that with even the re-
Iduced rate the duty was too high.
I FAVORITISM AIDED CARNEGIE.
! Reading from the testimony of MT
| Carnegie before the ways and means
committee concerning profits in the steer
| industry, Mr.. Tillman declared that Mr..
Carnegie had made vast amount OF
money by favoritism in legislation.
II will mott say by dishonesty" said
| Mr.. Tillman. because he has only taken
/ advantage of the laws we. pass. But he
lhas made more money than the entire
bunch of us here put together, and there
Lare some very rich men in this senate
He has given away more money than all
the Democrats of this body possession
times as much, I expect"
Saying Mr.. Carnegie had taken his
/ great wealth from the pockets of the
people, Mr. Tillman added:
/ II use nails and wire fencing and other
products of his corporation and when l
buy these things he takes money out OF
/ my pocket and puts IL in his"
Mr. Bacon became engaged in a-colloquy
with Mr.. Aldrioh concerning the effect OF
! the protective tariff on prices, and in
sisted that the United States Steel cor
poration needs no tariff to protect it.
I CULBERSON SEEKS INFORMATION.
/ When the paragraph on steel bars,
! plates and sheets; and pressed steel was
reached, Mr. Culberson desired informa-
| ton regarding several additional values
of steel which were provided with high
| duties by the finance committee. Mr..
| Aldrich explained that the additional
brackets were put in to, provide fair rates
! of duty on several new kinds Of steel
which were not made at the time the
| Dingley law was enacted. These new
| kinds of steel, he said, are known as
| high speed steel and are very expensive
| to manufacturers. il.
| Mr. oliver explained that the high
/ SpSeu SlSel was llfSl ulduS III EuIOPC DS
| a secret process, but said that American
manufacturers have discovered the pro-
cess tire now, making IL. He added
that in order that its manufacture may be
| continued here a higher rate of duty Is
| necessary Mr.. Oliver said the importa-
| tions of this high grade steel increased
| from 77SO0O pounds in 1901 to $685., 900
pounds in 1907. --
WIRE SCHEDULE AMENDED.
The wire schedule was amended on mo-
ton of Mr.. Aldrich so that in only one
instance was there an increase of duty
over the house bill, while in eight of
Fencing wire was reduced to the ,ex-
tent of about two-thirds of the duty
provided in the house bill While Mr.
Aldrich was explaining these reductions
Mr. Beveridge interrupted to say:
81 am very glad to see that we are
making progress"
An amendment by Mr.. Burkett, the eff
fct of which is to reduce the duty on
| barbed wire from S2.07 per hundred
pounds to 70 cents was accepted by the
} committee on finance and adopted by the
senate.
The section relating to pen knives, etc,
was amended so as to require the name
Iot the manufacturer or the importer to
be stamped and with the name of the
country, of origin, die-sunk on at least
one blade as protection against fraud
ulent representation as to place of origin.
| Senator Bailey protested against any
attempt to protect consumers in respect
! to the kind of pen knives they are to
use, and expressed the view that if that
policy should be adopted with respect. to
knives it ought to be applied to all other
classes of imports.
REDUCTIONS ON RAORS.
| Mr.. Simmons proposed general reduce
| tions in the duties on razors. opposing the
increase on the class of razors most COM
monty in use from 56 to 9 per cent. ...
| Senator Smith. of Michigan. wanted TO
know whether the interest In the rate
was on account of revenue or to promote
cheap prices in razors.-
l. ut is to obtain raZors at reasonable
Iprices," haid Mr.. Simmons
For domestic or social purposes?" in
qured Mr.. Smith, with the result that for
1.-The moment the senate was convulsed
with laughter
| Down in my part of the country they
are used partly for social purposes" re-
piled Mr.. Simmons.
Especial among the Republican pop
ulation,' interposed Senator Bailey.
| Mr.. Simmons wanted to know why, II
| SIS per cent was sufficient protection for
razors under the Dingley law, SO per cent
should now be required.
| Without completing the schedule tho
senate went into executive session.
] An