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This newspaper page contains 12 articles. Subscribers can read the full text of each article.
Newspaper
Bloomfield Democrat
Location
Bloomfield, Indiana, United States of America
Date
May 06, 1892
Page
3
The issue reports a paging accident on Thursday evening causing extensive omissions across the page. Editors note loss of advertisements and credits, pledging to recover and publish a better edition next week.
The Chicago Tribune notes Democrats push two bills to remove cotton ties and bagging from the tariff, arguing current duties burden southern farmers while Republicans obstruct. It contrasts the party lines, warns that tariff protection cushions monopolies and damages producers, and portrays Republicans as defending class legislation.
A Kensington Reform club petition from Philadelphia textile workers argues for free wool, contending tariffs raise raw material costs and lower wages. It criticizes protectionist employers, cites wage declines, budget strains, and calls for immediate relief through free wool to boost labor and resist party machines.
A critique traces British tariff history from Edward I to Peel 1842 1845 reforms. It argues protection increased poverty not prosperity and cites 19th century measures lowering duties on imports and shifting to free trade boosting industry and revenue. It compares U S protections and Pennsylvania iron mining to illustrate long standing tariff effects.
The Tin Plate Fin favors restoring the McKinley rate of 2 1 5 cents per pound for two years then reverting to a one cent per pound levy, keeping tin plate free thereafter. The report frames the issue as a dispute over ownership and licensing versus retention of property. The piece notes a single British ship, the Shah, engaging in combat in thirty years.
Michigan congressman Mr. Whiting of St. Clair, a Ways and Means member, argues the McKinley tariff raises costs. He cites New York importers decrying higher duties and treasury needs, saying price increases are real though masked by changes in quality and substitutions. He predicts tariff support for Republicans with large donations and accuses administration of knowing the motive.
The Newark Tribune calls the tariff a trust killing measure and summarizes a week of labor strife ending April 15, 1892. Items include Dolphin Jute mills layoffs in Patterson New Jersey wage cuts at McIvan Sons Reading mills eight hour fight closures and rice trust pressure on New Orleans merchants.
The piece attacks the sugar trust for raising profits while lowering prices to workers, arguing protective tariffs are misused to enrich private interests. It cites 73.08 percent profits, harsh working conditions, and immigrant labor to condemn tariff protection and demand action against the trust.
A historical examination of the Cordage Trust detailing its formation in 1887 turning into a monopoly through contracts and leases with 45 factories across the United States and Canada It outlines the move to secure raw materials control via the Security Corporation New Jersey mortgage and lease scheme and the resulting price rises profits and dividends 1891 profits of 1 406 313 and planned 8 percent preferred 9 percent common dividends with large surpluses.
The article traces a steel rail trust formed by major mills including Carnegie Bros. Co and Bethlehem, detailing its 1880s rise, cross holdings in rails and related products, and the consolidation that left the group controlling U.S. rail production. It notes profits, elevated prices, wage cuts, and the duty that shields foreign competition as the industry grows.
A Minnesota legislative plan to put inmates to work making binder twine was blocked when the Cordage trust owned the patents and refused to sell unless Minnesota joined in price keeping. The state ultimately did not proceed into twine production.
A multi act account tracing 1890 1892 measures and effects of a cereal industry trust. It details rising duties on oatmeal wages cuts for Akron mill workers consolidation of mills into Consolidated Oatmeal company Akron Ohio price hikes from 4 90 to 7 40 per barrel closures in Ravenna Ohio leaving 100 workers unemployed.
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