Iron County record. [volume] (Cedar City, Utah) 1893-1982, 1922-10-06
SENATOR TELLS
TARIFF STORY
KING TELLS AUDIENCE THAT
HE WAS LARGELY RESPONSE
BILE IN SAVING sao,OoO,OoO FOR
GOVERNMENT.
Especial Political Reporter)

n
DAY night, when Senator King and
foImer Congressman Milton yelling
spoke to fair sized house on the
tariff and other questions. The SEN
ator told the story Of the tariff in
his usual way of telling things and
no man between the four seas can
tell it better. i.
He told us that it includes duty
on nearly everything imaginable
among them being about twenty-five
hundred chemicals and drugs put out
by the Duponts Corporations. Be-
fore the war these companies were
worth $7S,000,OO0 and between the
years 1851, they paid in dividends
$3.50, 100000 and by the end of that
time were worth $1,018p00, 900.
Their prices advanced from 200 per
cent to 1000 per cent and they still
charge the people form 200 per cent
to 500 per cent more than before
the war. The present tariff bill has
increased the duty on these pro-
ducts 20 per cent more than the
Payne Aldrich Bill.
The steel corporations sold their
products during the war for 400
per cent more than before the war
and made from 5000, 100000 to S400,r
100000 and at the present time are
selling almost as high as during the
war. They sold steel rails in the
! United States at from $40 to $50 per
ton and at the same time sold them
in Europe at 1913 per ton. The pre-
sent measure retains high tariff
on steel.
After the debate on the tariff was
over there remained over two hum
dred men in the Capitol lobbying for
: he corporations, passing in AMI out
of the committee rooms for q month
or more debating to the committees
what should go into the tariff bill.
The cotton manufacturing companies
of New England sent down Mr.. Lip
pets who wrote the tariff on cotton
goods.
The senator said that he has been
accused of trying the sheep and beet
industries of Utah. That he is heav-
: lily interested in sheep himself and a
director in the National Bank of the
Republic of Salt Lake. That this
) bank did more for the sheep men OF
Utah during the past few years than
any other bank in the state, and he
made two trips to the Federal Re-
) serve Bank of San Francisco to plead
with them to refrain from requiring
the Utah banks to pay up on their
notes in order that the stock mer
: might be saved from giving away
their sheep.
He stated that the tariff bill was
voted against by senator's Borah
: Cummings, LaFollett and Norris, al
l Republicans, and that the Chicago
Tribune, New York Herald anC
Springfield Republican, all among
the most powerful Republican news
papers in the United States, de
5 nounced the tariff bill time anC
lime again. That he himself tolC
; the Republicans that he was read!
TO support a reasonable tariff bill bu
not the one they framed
He said that the issue today is no
the tariff but "Has the Republican
administration fulfilled its pledges
'The present Congress passed the Isl
Cummings Bill which guaranteed t.
: the railroads per cent on a lot o
: watered stocks, and have utterl!
failed TO restore peace to Europe S,
that an outlet for our product
might be found. AS a recult, Their
is no market for farm products an,
prices have dropped to bed rock.
He stated that thru his effort
d largely, the government has with
!. drawn it's troops from Haiti and Sal
Domingo, thus saving us over $40,
Il 100000 a year. That there was a
n attempt to move the Government
4 navy yards from Mare Island nea
+ San Francisco, to Alameda in orde
y that the officers might be handle
}. to the dances of San Francisco, bu
k thru his efforts and the efforts o
his colleagues this was prevente
and the people saved $l00,OO0,00C
r That he was largely instrumental i
n causing the government to Withhold
.s it's wool from the market from Apr
e list, to December LIST, and got Eng
Ie land to retain high price on WOO
i thus helping to keep the price o
h wool up for the sheepmen of Utah.
n He also stated that he is direct
It on in the Miner Corporation whic
y is soon to be incorporated for $40
o 100000 to handle the iron ores o
this county.