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The Commoner.
DECEMBER 18, 1903.
5
WJFBW
THE PEOPLE SHOULD KNOW
THE TRUTH.
It is difficult to justify the prosper
ity claims made by republican organs
with the events that are occurring in
financial quarters on every hand and
with the statements of some men who
keep in close touch with business con
ditions. It is true there is an evident
anxiety on the part of financial lead
ers to put the best face upon the sit
uation; but in spite of those efforts,
the truth seems determined to come
out.
George J. Gould, speaking to a rep
resentative of the New York World,
said that "an almost unaccountable
wave of pessimism is now overwhelm
ing Wall street' Mr. Gould refers
to this wave as "erratic and spor
adic," "and declared that it is "not
justified by the business' conditions
existing in the country at largo."
But in the same issue of the World
in which the Gould Interview ap
peared, James Creelman, . ; the well
known correspondent, quoted- a gentle
man to whom Mr. Creelman referred
as "a great financier, one of the fore-
WANTED to tnko
orders tor White
Kronzo Monuments,
II cad t on os, etc.
Chea cr than gruu
ito nnd positively
better. Sell anywhere. Honorable, legiti
mate business. Write at onco for very liberal
terms. Give ago, occupation and reference. If
Vou need ccindtcry-work ask for designs.
The Monumental Bronze Company,
Drawer A, Bridgeport, Conn.
AGENTS
lyrru
Oared by tlio Ooltlnea System. Send
and address to (.'apt. n. A. uonings, no-
n..t.ft- 0 ff- . Hf V .! !. art
FREE BY MAILntrlalof liisiTOtidorfullrretmcr
rnrort htm anil hiui rnrnrt thnntandt of OthCH. I
dalav. Lnt write to-dar. Cant. Colling liad a ramark-
abla r xperlenco with ruptoro and will gladly rcciw 1
dotaiu ana icna & in trui. "ruo bib.
! II. A
jour narao A
11 ..iil Villi V
hat
not A
lhVf
flBbfC&lg
WSKSiM
SAW MILLS, 4 H
P. cuts 2,000 feet por
day All sizes Plan
ors.Milnelo Mills and
EdRors with Patent
Varlahlo Friction
rcod-Porabl ta Grind
lng Mllls.Wntor
Wheels, -Utli SIHli, etc StniJ
for Urjs eiuloju. FrljM
don't connl.
D.LOACIi MILL MFO. CO.
Dot?3J, AtUnti, di
114 Llbirlj at. N York.
TfP ff The addresses of all Fcd-
1 1 eral Soldiers, their wid-
1 1 ows or heirs, who filed
eWKaf a fromef-tcud, on less
thnn 1G0 acres be-
7 lore June 23rd, 1874.
WW purcbaKc Land
Warrants issued to
Soldiers of
any war.
Comntdo W
E. MOSES.
76 Jacobson Block, Denver, Colo
ERS
MESTEA
Patent Secured
OR FEE returned. FItEE
opinion as to putcntabll-
. ,.v uaii inr fiiHin rionu'
and what to Invent. Finest publications issued for
jreo distribution. Patents secured by us ndvertlsod
free la Patent P.ocord MMTLK ( OVY tfKEE.
tvans, v llkon 1 o L'ept. F, washlncton, I). 0.
$10 STRONGEST
UUKl MASSE. Bull
Tight. Sold to tho Farmerat VThoIeiali
lrfefs. Fully Wnrranttd. Catalog I're
COII.KD Hl'UINOFE
Maiot? Ifr
NSBt'O.
Box 231 Wlaeheater, Indiana, 0. B. tu
$80 A MONTH SALARY SS
introduce our Guaranteed Poultry Jtemodles.
xear'a contract. Pank rerereuco furnished. G. It.
UlRler Co., X 387, Springfield, 111.
n-Ym?t
Rpnl FodrkPor8,t--VmOU.'lArAtt5I8,U fUe,twprle.
Cai C, O I die Writ II. W. yftUt, Up-, of tmjnoa, Emporia, Va.
Minium
T " "ii 1 11
beatbyTwt-78 YEARS. Wt
CASH
Mof f yant MORE Salesmen tm H Weekly
1KLW Stork Nursery. Louisiana. Mo.: HuoiavlHe. Mr.
most men of tho continent, a man
whose name would bo instantly recog
nized throughout the world for its
commanding authority in the finan
cial and commercial affairs of Ameri
ca." This financier, speaking to Mr.
Creelman, said: "It is a crime to
deceive the country any longer with
false hopes of returning industrial
prosperity."
Mr. Creelman asked this financier
whether the worst stage in the present
commercial depression had been
reached. '
The financier replied:
"I can scarcely trust myself to an
swer, for, if I speak at all, I must
speak the truth as I know" it Tho
fact is that we are now at the very
beginning of industrial hard times.
This country will sweat blood before
many months, and before tlw year is
over it is likely that hundreds of thou
sands of men who are now employed
V'ill be idle. We are only catching
glimpses of the steep part of the down
grade. Before we get to Hie real
oottom tho country will know what
industrial agony is."
The opinion was expressed by this
financier that the great west and a
large part of the south Is sound, that
the planters and the farmers need
have little fear, because tho people of
Europe must' eat and wear ctothes
and tho most important market for
our agricultural products is abroad.
But, according to this financier, indus
trial centers are overgrown and over
crowded. We are manufacturing
more' than we can sell. Gigantic in
dustrial corporations are beginning to
realize that they cannot pay dividends
on hundreds of millions of stock that
represent nothing but wind.
Then Mr. Creelman quotes this
financier as saying:
"Take the United States steel cor
poration. Even that enterprise might
be saved from ultimate disaster if its
management were free from the in
fluence and sentiment of stock spec
ulation. Close down this furnace or
that mill? How can they drre to do
it? It may depress the price of their
securities in Wall street. The stock
ticker is in every board of directors.
The managers of organized industry
are paying more attention to fhe spec
ulative value of securities than to the
sound, prudent and economical con
duct of the business intrusted to their
hands.
"They have sold stocks to the pub
lic at prices based on prospects that
no longer exist; sold, sold and
boomed, boomed until the whole pop
ulation of the eastern states is in
volved. Prices have shrunk to the
extent of billions of dollars. But the
trouble has only begun. When the
wheels stand still and the factory
doors close and idle men swarm in the
streets of our cities, the country may
bo aroused to a realization of what
has been really going on during this
period of hare-brained inflation.
"What are tho facts? The groat
railways of the country hnvo boon
the chief customers of the eastern in
dustries. They have spent hundreds of
millions of dollars In improvements
in the past few yoars. The railroads
aro through ordering. Where are the
new customers to come from?
"Last year the Unitod States steel
corporation contracted for transpor
tation for business which it expected,
but did not get. Pig Iron was selling
for $17 last year. You can buy it for
$11 or -less now.
"Wages must bo lowerod and mills
must be shut down. It is only the fear
of speculative consequence In Wall
street that prevents prompt action
now.
"Go to tho agricultural west and
you will find prosperity. Go to the
industrial east and you will find de
pression and approaching paralysis.
Tho trouble Is not in tho banks. The
banks of New York are sound. For a
year they have been weeding out the
inflated securities.
"The trouble is to be found in our
tariff system, which prevents us from
being a trading nation. Industrially
we are walled In. We aro not buying
and selling in tho markets of tho
world according to the laws of trade;
and, as we are attempting to earn
dividends on money that never was
invested, we cannot reduce our pi ices
enough to sell at profit in other coun
tries. Wo can squeeze our own peo
ple, for the tariff prevents them from
buying in the cheapest markets, but
we cannot squcezo the people outside
of our borders.
Prices of Industrial produces aro so
high In tho United States that con
sumers can pay no more. But our
home market is not sufficient to pay
dividends on stocks represontfng prac
tically no investment. Our high tariff
prevents us from ontering the mar
kets of the whole" world on a reci
procal basis. And, even now, the
prime minister of England Is ashing
his country to give him a tariff wea
pon with which to deal with us.
"I tell you that the reconstruction,
The
EMPIRE
CREAM SEPARATOR.
Thorols no other cream nrmaralor IfWn
It no other cream ficijrnlur which will
malcn you o much monrr uiul nnvr. rmi n
much work. It is without quaiifon thd
Bimpiem in construction, tho cntietit In
operation, tho most durable, tho tnmt
BRiwartory in every way. ir you milk
oowa icvr or many, mmi lor our
hooka. JL hoy ro worth readme.
EMPIRE CflSAM SEPARATOR CO
Dloomfiold, NJ.
Chicago, lilt.
$Jiez TOLMAN CfcOO TIS
0 RANGES 5pO.T5
trtthrCBcrrotr and high etoMt. Great Fnnndry Bli
T7jiootiiacmtin'ivnco. K
you liko it pay tS3.lt andi
izwgotajia tane rang tor
3U Bay
If not flUlaXaO
lory t?o affrce t
refund yonr
tnan Itanget are
made nr boat
vrroURht BteeL
Tenl7ix2lJa.
fllx X In. hnlfi.
Jibst btfcno uid'i&
V...I.M w AA.U ".O
Hum anrthlncr.
Asbestos lined Cnuj,
Will cave their cost f fl rat
(nOceYear. Write tottay
Xor our new catalogue.
xntxutvn a . totu . -n ; ; VW,
Itont) v.;ji CQ JLalca lKrot, CUlcci
1) :V,iVGarrtrxdiHPJA
Wmatvjxwaw"'irr"1" "2"T" "" art ' " 'tjWL
Ml?:
IAwiffi2fel
k TI'iO'iL 1 m - -w m aaH
EiffiStt'JtSii' 2ti!r3Mii3 B
tstv.tw LVrun K.t m. ian
fiiiOl
mm
STEEL ROOFING
WO SQUARE FEET $2.09
I'hImU'I two li!cM nnlU tncluAed.
HttlrUy new, Hirlnct. Hcml Hanltrnid 8(ecl
Mic4-U, Clwt long. The heal Jtooflug,
MdlilRor Cellliiff you rnil u. fin ox
filonee necraaary to lay It An ordinary
hammer or liaU-lict tho only tool you
lived Kltlior flat, corniralwl or "V"
crlmntd. Write for our Khhi CaUloirua
No. xi on Kami fluppllca, Kurnlturi'.rtc.
CUM ilill IIOIHK WltKCKINO ( O.. VT. 3Mh A Iroa ((., I llr
ca 1 11 rfi mh r t7"5J
WtUQSM
THE WILBERN SStBraiSTC
f ill'
Door enn't
Jump (ho track
nnil ciin he nd
Justed up or
down, or In or
outwlthoulya
wrench.
t'ontH no
more thnn oth
ers nnd dvc
you n perfect
sliding door.
Auk yonr
dealer for it.
MIDLAND IROM WORK, RACIIIC,
Western Office, Dea Alolnc, Iowa.
Wis.
, , j
w The "Onlv" Incubator, 1
jj$p
sskyj
MT ,- "ss ' iL
Heats evenly. Regulates perfectly.
Hatches surely.
In caring for chicks Tlie "Only" Brooder
beats the old lien at her own game. Agents wanted
everywhere. Write for free catalogue.
1 Lincoln Incubator Cc, Box K, Lincoln, Neb,
VqVVM. y ok XNx'vcv vixv o.t W " w
. w , ,..f . m . ,.
tjl.c n
tJ6Airii2;
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