The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1881-12-27
CONNIE RCIEL.

To-day being a national holiday, but
little business was transacted. Ex-
changes throughout the country were
closed ard our Geographic reports are
also abridged. A few bales of cotton
were seen on the square, but there was
no basis for business. All quotations
are given unchanged.
The Howard oil company and the
Waco oil mill have compromised their
" competition. Certain territory, con-
tiguous to Waco has been granted to
the mill in that city. This leaves the peo-
pie of this section at the mercy of the
Waco oil mill, so far as the price of cot
ton seed is concerned. At the mill
tie ruling price now is $50 per
ton. While there was competition prices
ruled as high as $40 to S14. Farmers
should organize a stock company in
each county and build mill. Monopo-
lies can be met only by mOuOpolies. The
Waco mill held outlong enough to show
the people that competition is what they
need. Let a mill be built at Marlin.
The farmers of the county are able and
it Is to their interest to set about 1t at
once Marlin Index.
In the abstract the Index may be
right, but there are many things to be
looked at before such plan is set on
foot, or. at least, before it is inaugurated
in the spirit which Is suggested. As a
legitimate business enterprise it is well
enough; but as d purely combattive
move it is not well. An oil mill must
keep its machinery busy nearly all the
time to realize on the investment, and
the EXAMINER has serious doubts con-
10, Of Of
farmers, with about all their capital
invested in machinery, TO secure
seed enough to operate the mill. 1t Will
afford us real pleasure to note that the
farmers are receiving good prices for
their seed, and, as against the Waco oil
mill, we desire to see exact justice done
both parties. To the producer all enter
prises of any magnitude have the resem-
blance of monopOlies, for the reason that
aggregated capital, in its own interest,
seeks large remuneration, at the expense
of no class, but of all. The EXAMINER
of course would have preferred that the
Howard company and the Waco COM
pany should compete fairly with each
other; but it is not prepared, on the snur
of the moment, like the Index,
to howl for the immediate
demolition OF the Waco oil mill.
Even as it is now being operated we
think the Waco oil mill will prove an ac
tual benefit to the producers, and We
wish for its success. Does the Index
remember having published, few weeks
since, an enthusiastic endorsement of
the Waco oil mill? The farmers then
were iubilant because the mill was pay
ing an. extremely high price for their
seed. This later growl smacks triie
of the feeling that so long as the farmer
gets all the money the world is good
fellow, but when the money is divided
the world is fraud. We maintain that
the oil mill is a good thing for the
farmers, and they will agree with US
year from now.
Mechanically speaking, horse power
is the equivalent of raising 5000 pounds
one foot high in one minute of time, but
the expression horse power is to be con-
sidered merely as conventional term.
The actual work of horse is the equiva-
lent of raising 25,000 pounds one foot
in one minute for hours out of "a.
Since steam engine will work continu-
ously, it follows that one horse power of
the engine is equal to that of 4.3 horses.