The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1913-08-07

of the Nation. He has purchased a
site in Canada for his large manufac
turing establishment in Massachu
sets and says that he will remove
his business there II this bill becomes
law. Mr.. William r. Hearst, an
other prominent Democrats mention
ed as candidate for President agrees
with Gov. Foss. We all know what
Democrats of Louisiana, Colorado,
Montana and other States vitality in.
terested think of this measure. A for.
mer Democratic United States Sena
tor from Colorado has denounced 1t in
| vigorous terms. How could he do
otherwise when is sacrifices practi.
cally every important industry OF that
State, and also of every other Rocky
Mountain State, as we'll as other
states excepting possibly some south
ern states, and the experience of the
past has demonstrated that those
states have all flourished under the
Protective tariff to degree unknown
under Free Trade legislation? Manu-
featuring is developing all over the
South, crops are more diversified,
and there is every reason to believe
that IL left alone under the Protect.
i've tariff its prosperity will continue
to increase with great strides. But
this bill will hurt instead OF he ping
the South, as its originators seem to
think will be the case.
Textile Mills Suffer.
Shares in the textile mills In New
England have declined greatly as
result of this proposed tariff law.
The Boston correspondent OF the New
York Journal of Commerce, Free
Trade newspaper, says:
The enormous shrinkagc which the
market value OF mill stock has I'M
dergone is regarded rs conclusive
proof that there is nothing feigned
in the current expressions Of con
Germ.
The Textile Manufacturers Journa,
says:
A large proportion of tle textile
standard stocks are now offered for
% points below the price of last
year. And there are many stocks
formerly selling far above par that
have declined 20 to 80 points The
decline during the last two months
has been most serious. But the full
recession can be traced directly to
the effect of tariff revision.
Ii is estimated that only 80 pc
cent of the mill capacity in woolen
and worsted mills in New England
is now employed, and that will be
reduced % per cent by the time this
bill takes effect. A New York finan-
cial journal states that there has been
| three billion shrinkage in the value
OF securities in five months, or q
per cent of the active capitalization
Beet sugar stocks in Michigan have
declined 40 to 60 points. That is
simply an illustration of what is tax.
ing place ell over the country.
Mr.. C. n. Wallace, president OF
New England manufacturing COM
pany writing as to the effect of this
bill, says:
In some of our lines-woolen car.
pets, for instance-there has been a
reduction of 25 per cent in the or.
ders during the past three weeks,
but apparently the end is not yet
That is the kind of reports that are
coming from all parts of the country.
Numerous Changes in the Bill
A great many changes have taken
place since the passage, for instance,
of the chemical bill in the last House.
This measure differs maternity from
the bills passed heretofore. The first
bill imposed mostly ad valorem du.
ties. Specific rates were 10 some
extent used in the second measure,
and to h larger degree In this bill.
The fact that many ad valorem rates
ave been abandoned for specific in
this latter measure, shows that the
men who drafted this bill are begin.
ming to appreciate that they did not
know everything about the subject.
Articles are now on the free list that
were dutiable in former bills, and
many other articles have been trans.
ferred to the dutiable list that were
on the free list.
The steel trust was cared for by
the House in making ferromanganese
dutiable, as it is the only manufac.
turer of the product, although all
steel manufacturers use it. But the
senate committee put it back on the
free list in compliance with the rec.