Show auff IRON INDUSTRY A tree trade contemporary baa anaed protection ieta to explain why certain re aulta have not tullow cd the reduction 0 duties on iron it aye that the aaser tion was made when the wilson bill was discussion that the reduced tariff would have the effect of closing every iron america and as a refutation fu it triumphantly reproduces an extract from alio iron age in which the fact is recited that the iron product of ia to exceed that f 1892 ahrn hiah fanter mark of production ws reached in the united states argument completely it ie only to cite tho fact that when the recent revival in the iron in duary took place the reduced were ae largely protective as they were before the aileon bill a a law to circumstances almost wholly disconnected with alie the price of iron after 1892 fell rapidly that when the new tariff went into effect the duty on all kinds of iron from the raw ff to the highest ferrua was lower relatively than under the mckinley act eo eliat today the wilson tariff is eo far ae iron is concerned as much a hib protective tariff that which it superseded and as effectually excludes foremen iron aa the mckinley duties did if this were not the fact the country would undoubtedly be flooded with foreign iron it is preposterous to assume that england germany and belgium whose iron plants have a productive capacity fivefold five fold beyond tho ability of the peoples of those countries to con fumu would not struggle v a place in our markets if the protective barrier were down if it Is broken down or a hole made in it such as the woolen bill has opened for foreign woolens we may expect the game consequences to iron manufacturers as american woolen manufacturers have buffered namely diminishing profits and closed mills and that translated into plain english means less work for americans and general trouble all around Chronicle |