Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-08-05
6alIi0ger Predicts Hard Times
as Result Of Democratic
Measure; Stone Believes to
Contrary
OLIVER WARNS AGAINST
PIG IRON FREE TRADE
Pennsylvania Statesman De-
cIareS China Now Is For
midabIe Competitor of Unit
ed States Manufacturers,

fRY noRtuHu JouFHAL SPECIAL LtAsEs Wtarl
Washington Aug Democrat,
and republicans Of the senate fenced
to-day over prosperity and the bus-
ness outlook, discussed the wooden
schedule of the tariff bin at length
lend made some progress ON the met
"a schedule Culloquics over the prob
able effect Of the pending tariff arose
when Senator stone of Missouri, read
into the record quotations from man
ufucturcrs and merchants. stating that
the industrial outlook was very favor
.ahle despite tho proposed tariff rcduc-
tion. senator Gallingor expressed as
.suranco that present prosperity wag
due TO republican policies. not 10 con.
ing democratic laws ana also that his
tory would repeat itself and dcprcss-
ing times come
Senator Williams. addressing thu
republicans, asked why il they were
SO certain of the result, they did not
cease demurring and let the bin go
10 tho country for a test
we shall continue to demur." re-
piled Gallingcr. until We have "a rec
ord that may perhaps help the people
to understand the situation when
tie effect OF this bin is felt"
Senator Myers of Montana in "a
lengthy analysis Of the wool schedule.
declared that the people OF his part
If the west preferred free RAYS wool
and that century of protection had
failed utterly 10 aid the wool industry
of this country His speech lcd to
q general discussion Of shoddy and
wool, participated in by Senator'S
Warren ana Smoot. for the repubu-
cans, and Senators Myers Walsh and
MARITIME for the democrats.
When the metal schedule was TAX
On mp with Senator stone in charge.
senator Cumuins of Iowa. submitted
q substitute which transferred to
the dutiailc list many of the free list
articles in the CndcrWood-Shmm
bill, notably pig iron and blast fur
race products
Senator oliver of Pennsvlyania.
opened discussion of tho metal schcd
ule, questioning the wisdom of the
senate finance committee i'm putting
pig on the free list The senator said
he did not have much hope of amend
ing the bill, because the democrats
seemed to have determined 10 paes
{ as II stands although small nanu-
lecturers were dependent upon "a pro
eetiRc tariff to manufacture pig iron.
In Pennsylvania, ne added, there were
20 blast furnaces only A. of which
ere controlled by the United States .
'tcel Corporation.
\ now competitor of the United
states steel Corporation in the steel
iade more to be feared than an 9TH .
RS the senator asserted. was China,
Which already was supplying much of
he pig iron now used ON the Pacific
cast
Senator cummins said there should
'e reasonable protection for Ameri-
an producers of pig iron and advo-
ated duty of about 81 ton He
hought the house rate of eight per
ent a little too high.
Senator smith of Michigan. dcpre-
ated putting iron ON the frce list
ust az "A time when the mines Of
'uba We're being opened up. thus de- I,
irving the government Of revenue. /
which he said naturally and easily
'ould flow into the Golfers OF the
rcasury Senator Thomas. Of tho /,
nance committee majority. declared F,
hat pig iron produced in this coun-
ry last year was valued at $1S5.0O0.- !
90 and that the imports were negli-
ible, les than 100000 tons. As to ,
hincse pig iron, Senator Thomas said. (
mere was no prospect Of serious COM
otition.