Democratic Sentinel, Volume 15, Number 47, Rensselaer, Jasper County, 11 December 1891 — McKinley and His Bill. [ARTICLE]

McKinley and His Bill.

Last week Major McKinley was the principal guest and speaker at the banquet of tho Home Market Club. In his speech after the dinner Was over ho made a new departure or, rather, he added a little more to his old sterotyped speech on tho tariff. Of course, he said that the foreigner pays the tariff taxes and that his bill was passed to raise the wages of workmen, utterly igno.ing the fact that all the important industr.es, on the products of which duties were increased by his bill, the wages of the workmen have boon cut down. The new feature of his speech was that portion of it in which ho to d tho people of Massachusetts how much they suffered under the revenue tariffs from 1846 to 1861. Concerning his statements the American Wool and Cotton Keporter says: “Major MdKlnley was, of course, the hero of tho hour, and made an eloquent and interesting address; but. whilo he was deploring the condition of the country In the fourteen years of tariff for revenue cnly from 1846 to 1861, the Democratic Treasurer of the gr at Amoskeag Mills, who sat upon the platform and approved the proceedings, could have told the Ohio statesman that the period from 1846 to 1861 was not characterized by such una’loyed poverty and distress as some would have us believe. In 1846 the Amoskcag declared dividends of 25 per cent, in stock and 10 per cent in cash, in 1847 it declared 25 per cent in stock and 5 per cent, in cash, and in 1849 it declared 20 per cent. In stock and 3 per cent in c sb, and there were but few half years from that time to 1860 In which It did not pay semi-an-nual dividends. A panic occurred in 1857, and the Bay State Mills at Lawrence failed; but so did a panic occur in 1872, and in 1889 some very important mills fa led. “The following great textile corporations were started between 1846 and 1861: Atlantic mills in 1849: Lyman mills, at Holyoke, 1854; Nuumkeag steam cotton mills, at Salem, In 1847; Pepperell mills, at Blddeford, In 1852; Bates mills, at Lewiston, In 1852; Hill Manufacturing Company, at Lewiston, In 1855; Franklin Company, at Lewiston, In 1857. “Furthermore the cotton manufacturing Industry of the United States has not chanced to be as prosperous since the passage of the McKinley bill, as it was for a year or two before that measure became a law. The great Merrimack Manufacturing Company, at Lowell, has recently reduced its semi annual dividend to 2 percent It paid 3 per cent, semi-annual in 1890 and 4 per cent semi-annual In 1889, and in 1891 the shares of the company sold for just half what they biought in 1881, viz., &2.030 in 1881, and si,o .0 in 1891.” And yet in spite of this McKinley wi 1 go on asserfing that the years during which we had revenue tariffs were disastrous, just as he (Ontinucs to declare that “the foioigner pays the tariff tax—you don’t," even though he knows that it is not true

A tellow-pixe trust in New York State is tho latest development in the trust world. The promoters of the enterprise are already < alcu ating the exact size of the dividends they expect to dec’are. The fact that the lumber-buy-ing community will have to pay these fine dividends is not especially dwelt on, it being considered immaterial. —Philadelphia Kecord.

Thoroughly dry salt intended for table use, and mix it with a small proportion of corn starch, if you would overcome the tendency It has. in damp weather, to pack solidly in tbe salt-cel-lars dr shakers.