Daily Mercury
Daily Mercury
Contributed by klstacy_home

Description: The Hearings Continued

Date: January 12 1897

Newspaper published in: Huntsville, AL

Source: Library

Page/Column: Page 1, Column 3

Iron and Steel Scheduled Taken Up by Ways and Means Committee
WASHINGTON, Jan. 11.—The house committee on ways and means reached the iron and steel schedule Saturday. The first speaker before the committee was Representative Draper of Massachusetts. On behalf of the machinery manufacturers of New England, he advocated the restoration of the McKinley rates.
W. H. Alexander of the Grant Smelting company of Omaha spoke for lower rates on lead ore, asking a provision that lead and all ores containing lead ore be dutiable at 3 cents a pound. An importation of lead ore was necessary for smelting, he said, and under an erroneous interpretation of the present law it paid as high rates as 5 and 5 ½ cents per pound. The duties of 1 ¼ cent on lead bullion and 1 ¾ on pig lead were asked. American capital was invested in Mexico and British Columbia for producing these ores.
John Davis of California asked for a duty of 1 cent a pound on lead ores. California could produce all the lead ores needed by American smelters, had begun to supply the demand under the McKinley law, but the business had stagnated under the Wilson law. The product he represented contained 20 to 30 per cent of lead ore and 20 per cent of silver.


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Submitted: 07/16/13 (Edited 07/16/13)

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