The Detroit times., 1910-07-26
SAYS ALORICH
FORCED INCREASE
Senator Bristow Declares Tariff on
Cotton Was Raised in Order TO
Boom Stocks.

Topeka, Kan. July 26,--In an ad-
dress here last night United States
Senator Joseph l. Brtstow declared
that United States Senator Aldrich
forced an increase In the cotton tarin
schedules when the cotton manufac-
turers In this country were not ask.
ing for 1t. Senator Brtstow charged
that the increases were made for >thc
purpose of booming the stock mar
ket.
1T Ia interesting to know" declared
Senator Bristow, why Mr.. Aldrich In
sisted upon increased cotton duties
whe nthe mill owners and manufac-
turers testified In the hearings before
the ways and means committee that
they were not needed. But, an exam
ination OF the stock issues Of the
United States for the year 1909 fur
nishes the reason.
THE increases were not made for
the protection Of any legitimate manu-
featuring enterprises In the United
States but to boom the stock market
Last year there were issued $50, ,000, 900
additional cotton and woolen stocks,
$64, ,000,0 900 more had been previously
authorized. but not issued, and $685.
100000 Of new stocks.
How much OF this stock repre-
sented actual investment / am not ad-
vised, but under the impression that
these increased duties on cotton good
and the maintenance OF the excessive
duty on woolens would give at least
temporary impetus to the business,
these stocks found a market. So these
increases, therefore, driven through by
Mr. Aldrich. were In the interests OF
the stock gamblers and spectators and
not In the interests Of legitimate man
ufactu-ing enterprises.
"The duty on cotton goods valued
at more than seven cents per square
yard was increased on an average OF
90 to 90 per cent In the face of the
testimony of n. p. Lippitt, representa-
tive OF the Cotton Manufacturers as
sociation Of New England before the
ways and means committee that the
cotton manufacture did not want any
increased schedules. All they asked
was that the duties be not reduced.
but remain the same.
In bis testimony, Mr.. Lippitt said:
We'll, I ain not appearing here TO
ask for an increase In the duties on
the cloth clauses OF the cotton sched-
ule. ! think that while there are i'm
portations going on under them It Is
reasonably regufative to the cotton
trade. The importations are not so
large that we feel Justified In asking
that the duties be increased; but wa
would certainly result In very much
larger importations and a great deal
more OF ocr cotton being manufac-
tured abroad and shipped back as
finished goods.
Continuing. Senator Bristow said:
"This method of tariff Legislation
is almost as reprehensible as the In
crease on the duties on lead and rub
ber.
"The wooden schedules, declared in
defensible by President Taft II. his
celebrated Winona speech, carried on
the ordinary woolen fabrics OF ladies'
dress goods duties ranging from 115
to 145 per cent; on wooden blankets
from 11S to 1875 per cent, and on other
wooden clothes and fabrics used by
every family. duties usually as extra
VACANT. No attempt was made to as
certain the difference in the cost OF
production on these fabrics at home
and abroad, but an imperative demand
was made by Senator Aldrich that the
wooden schedule be not touched, de-
claring It to be the key OF the protec-
tive ARCH