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The Commoner.
VOLUME 8, NUMBER 3
14
n
FK
J&iil
r
GOVKK.VOIt IIASKKIilH KIMOIOOH
(Conl IiiimmI from I'hko fi)
Tho all('K''l property of Iho coun
try Iiiih riflclfd to ItH normal In
crcuHd in vuluoH Hiibnln.ili.illy four
tcon billion dolIfiiH ciiiiltally.ulion
Unit n-prowiiltMl no viiluo of any
Iclnd. The only mhwIh back of HiIh
fourteen billion dollar wuh from the
following hoiiiwh: If it woro rail
road necurillcH, I lien tho btiHlM was
llio ho)o that Iho power to mow
milro.'ulH, ii nd with combined inan
aKoiiwnln dcHiroy conipetilion, and
oimblo Iho mixing of niton lo fhe
Hhlppei-H lo Much an amount as lo
make these watered slocks take on
actual values by virtue of unjust and
abnormal earning capacity. If Ihey
wore the slocks and bonds of 111:11111
facturliiK plants, then the inllated
values were based upon (he hope that
tho parly lo whoso success Ihey had
contributed their millions for cam
paign purposes would maintain the
Import, tariff duly so as lo justify Its
capitalization as tho loading assot of
tho so-called "protective industry,"
and If you doubt that these condi
tions oxisl, lei mo refer you to one
or two examples:
Jn Iho beginning of this period of
which I speak there was a largo num
ber of Mteol and iron factories
throughout tho union. The "pro
tective tariff" shut out foreign com
petition, but a large number of home
industries fostered competition with
one another. As a means of destroy
ing this compel ition at home, the
great Uniled Slates Steel Company
was incorporated in 1901, and today
tills company owns one hundred and
twenty odd plants In more than a
dozen different states, and supports
a capitalization of fourteen hundred
and forty million dollars, and I chal
lenge any or its defenders, (if it
have such), to show mo that this
company ever owned four hundred
and forty million dollars of actual
values. It has given itself a broad
name, "The United States Steel Com
pany," and when I travel from ocean
to ocean, and see the products of
some of its mills in the wire fence
upon every farm, and the people us
ing the other steel and iron products,
and know that tho owner of that
farm has contributed to tho unjust
ness of tho protective tariff to tho
tune, in some instances of several
dollars or more per ton, I imagine
that the name of this institution may
; ffvrjl? ft. -i JJS ?fgralT.MlrrHu.lJlwJrfwyllllllTlnllnMTtTrt1M
Home
There nre n thousand little things to be done nbout the farm
nnd the home tlmt you must do yourself if they are done at nil.
To do them rightly and easily you require good tools, l'or the
farm, home or shop there are no tools equal in any respect to
L Jobs
1.
mm mmm
Tools and CuOery
The Keen Kutter trademark guarantees satisfaction or
your money back.
The name Keen Kntlcr covers Carpenter':? Tools, and a fall
line of l'atm and Carden Tools l'orks, Hoes, Scvlhes,
Tiowels, Manure-hooks, Lawn-mowers, Grass-shears, Knke,
etc. Also ScissorsinmlShenpi. Pocket-knives and Table Cutlery.
Sold for nearly 40 years under this mark and motto:
'The Recollection of Quality Remnfns
Longntlcr flic Price is toigotten."
v.. i simmono.
'lrnacmnrlc ui'j-lMfmi.
Hunt nl vntlrclr.nl .Sv lcifc
cr's, write us.
SIMMONS HARDWARE COMPANY (INC.),
ST. LOUIS AND NEW YORK, (J. S. A.
t nYMur)ffir.t.,.....miWTrt.1JlnT
-s-?AWAAAYAim'AW.
1 .v v wvnvivmw
.mrc.Y.1.11- '-! imuiuium
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tv. ' :
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jffv ..UCTV !.frrW.,Mlfl.S"""'llllllff
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MLLj h rvmw . CNTJOi SL . ..SSC.'
wmttwH
The Omaha World-Herald
I AinjYlOIHTKI) ::
IVl'.WSY
:-:
DBMOCRATIO
"-.P "J " Special Offer
.f t
jDOi.ull
si-'.M) siritsruii'TioNs now to
THE COMMONER, Lincoln, Nebraska
Publishers' Our Piico
Prlco With Tho
Commoner
91.00
3.25
1.155
HamnawaKrajTMiBWTra
Mmmoner Ooiidensed Relume VI
for .'JtulK'SaKf S!vvZU;SiffCo?.P0,f Tho Commoner
imlf.1 as Volumes 1, 11 111 IV V utiv .?,. J,ffero"t Issues are doslg
minilH.V8 of 'n. Conn u nor ' The 1 S liiio VITff llllV?Tto the volume
oditorials wbi.h discuss questions "f ZmanJnVti'r contalna
Kvi-ty important suhwt in Mm WnV.i,vJ A-1.1.1 ilf ,na,t.uro- .
iMmnumt'i' at tbii ilmn n,. u,,i,i.;;.V 1' ..::" ..l.'u,,tlls IS mscussod In Thn
niuso of this Tho Coininon-rC ,1. e nffibirn? attention. Be-
and should occupy u pluco on tho ioslc of ev rv liv? ranrf. orcn,co .book
man and other student of affairs. y lay,QT editor, business
TO NEW OR RENEWING SUBSCRIBERS
One Yfnr's Subscription to Tho Cominoiier... n 1 A. 1 a-
" t-m.uv.isi'U. UlOUl Uouilll DOtin vD I )U
lllrlU It'll r l.... .. 1 .
1
B tioh
Coiniuonoi
. niiimi-riiii'i-H w in invn t. i...i.. , ..
eiofli it.....i -.:... k"' . ... ... ,1UJ Vnui l"P current year's niv,cfi
olthorvolu.no. If morV t an oVu'volu S.lv 1Thc,S0 rlces are for
.... vritllus,
Address, THE COMMONER, Lincoln, Nebraska.
'am,"nBaBnam!fMmaaBaKm
liavo been inspired by their purpose
to steal from the whole United States
and I regret to say that so long as
tho Dingley Tariff bill remains un
changed that (his company will no
doubt bo able to keep that intention
in actual practice, and there will only
bo, so far as 1 can see, one oppor
tunity to recover oven a small per
cent of the results of their manipula
tions, and that is for the public tax
ing authorities, where their property
is located in the future to put them
on tho tax duplicate liko they do the
property of ordinary people, instead
of lotting them escape even the or
dinary burdens of taxation, as their
own report shows they are doing to
day; and when I contemplate this
one example, a creature of the year
lflOl, I am inclined to inquire if it
would not have been better to have
turned on the light six years ago.
One more example of suffering
from belated sunshine:
In 1902 there existed five so-called
Pacific railroads. Without taking
time with tho fact that these proper
ties had largely been created by do
nations of public land, and credit, to
tho end that our people might have
the conveniences and benefit of com
petitive transportation, I go at once
to tho proposition that for good and
sufficient, as well as legal reasons,
our people were entitled to have
these several linos of railroad main
tained as separate competing lines
01 transportation.
In 1902 a notice appeared in the
newspapers of the east. It recited
that tho directors of the Union Paci
fic railroad had authorized the is
suance of one hundred million dol
lars of bonds to be used in purchas
ing tho stock of tho Southern Pacific,
and other railroads, and a day was
fixed at which tho stockholders were
called to vote to ratify or reject this
act of the directors. At the time
fixed, the meeting of the stock-holders
was held, and the ratification of
tins act 01 their directors was made,
and the succeeding annual reports
showed that the Union Pacific is a
large owner of the stock of the
Southern Pacific system. Yes. far
ther than that, today it owns largely
of the stock of two of the other Pa
cific railroads, and an examination
of their annual reports show that
through tho ownership of stocks and
the interlocking of their directorate
that they have so completely de
stroyed competition that the shippers
of this vast country between the
Missouri and the Pacific are with
out competition in the transportation
of freight and passengers.
And what is tho result? We are
uut usKmg you to base your conclu
sion upon our mere assertion. A
business man will invariably concede
that results are the surest basis for
correct conclusions.
We find that the Union Pacific in
those few years increased its gross
earnings far above the ratio of in
creased volume of its traffic- the
conclusion is easily arrived at.' When
tho per cent of increased earning,
exceeds the per cent of increased toS
tine VhT nly GiXplain !t adrait"
rosuH tlJnt0t freight and th
result is that during these few years
toortnt dthStryinJf eompeUUoand
Dooming the earnings of the com-
pany stock of tho Un or Pacific
S lTUeTy bG ShatClfflor
ii-bo man ?20 ton years aso wi
fl ntaitS".t dl,V"Ie,ld WW
W. peXrt00 S0W aS hish "
And the time since 1902 has bPpn
employed by the frenzied financiers
who manipulated these deas In dis
posing of their stocks a Vii V
Prices made possible by' these mf
just freight rates, until atSral V
those stocks are distributed in small
holdings throughout tho world wher
over there is an investor to be ofuiSi
by such conditions, and if in the
future we are to decide that he
shipper has suffered long enough,
and is entitled to competing freight
rates on the Pacific roads, and givo
him his just relief, we will then rea
lize that we, have made thousands of
honest investors suffer.
Will Harriman suffer? Certainly
not! He did not make these stocks
to keep. He made them to sell, and
if you will look at the stock register,
you will find he has delivered tho
goods. And if an opponent of Har
riman had access to the .stock list of
his company, he would have been
just as eager in securing pyoxies in
the battle for the control of the
Union Pacific as Stujrvesant Fish has
been battling with the same man
through the proxy road for the con
trol of the Illinois Central.
My friends, would not a little lime
light in 1902 have prevented this
condition which our chief executive
tells us he is in no way responsible
for today? Had the light been
turned on when the newspaper no
tice announced the effort to control
these other competing lines, you
would not see the enormous freight
rates which made possible the last
annual report of the Union Pacific
system; and in brief what is that
report?
Gross earnings seventy-eight mil
lion dollars; net earnings forty-five
million dollars; deductions for inter
est on bonds, etc., eleven million dol-
Jefferson's Bible
The Life and Morals of
JESUS OF NAZARETH
Extracted Tcitually from the Gospel, together with
a companion of hU doctrine with thoie of othr.
By THOMAS JEFFERSON
JefTerion' rnbtion wa leadership. Without
an effort on his part expression from his lips
that from other men's would scarcely have at
tracted notice, became thenceforth axioms,
creeds, and tathering-cries of great masses of hi
countrymen. Henru S. Randall.
Jefferson's Bible is a book of 1C3 pages, ynl
printed and substantially bound in cloth. It was
published originally to be sold for 51.00 per
copy. By purchasing the book in large numbers
vce are able to offer Commoner readers an ex
ceptional price of 75c psr copy; sent by mail,
postage prepaid.
ADDRESS ALL ORDERS TO
THE COiMAlONER, LINCOLN, NEBRASKA
Subscribers' Advertising Depi.
Th,s, department Is for tho exclusive
nini J2?mnlon.er BUtscribers, and
2?rHi Ae of,slx cents a word Per in
sertlon the lowest rate has been
?!0p tm,em Adires3 all coramunl
catlons to Tho Commoner, Lincoln, Nob.
C1111 2 FRAMES ANY ROOF.
Nebraska1' 3brn BX 1920' LIncoln'
F9.R?ALF-IRRIGATED FARMS IN
ssrvsss Sicfald' Reai tatW
WS fNBR-I HAVE 3,300
win on p' J'000 of tnem on shares.
Will sell my own and equity In tho
2sterSkdrefer totain lon inter!
MORTHEAST NEBRASKA FARMS
etc. Jao.'K. Mai'tin.' Doalora,
