The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-12-02
THE sUPERLATIvE or CHEEK /!

The HERALD has never omitted an OppOr-
tunity to show up the cXtortions and in
iquitous demands Of the manufacturers,
who have been so freely bleeding the coun-
try for years past through the gracious in
reference in these gentlemen behalf oftho
government, Many facts and figures have
been produced indicating the extent to
which the people have been robbed and the
monopolsts favored, but circumstance
occurring up in Pennsylvania the other
day illustrates more forcibly than ever be-
fore the utter henrtlesSnoss Of O.
men who are continuing TO clamor
for government protection, and YET
rob the poor who are dependent upon them
for the daily necessaries to great extent.
II shows, too, how little dependence must
be placed upon the statements of those who
are using both the government and the
masses for their own ACKNOWLEDGMENT while
they are attempting to starve the poor in
their employ. An eastern exchange con.
tains the following; The EDGAR THOMSON
steel-mill. which has just notified its labor
ers-whom II protects from the pauper
hordes of Europe-oi a reduction in wages
on and after January /. is the same con.
Germ whose enormous profits furnished
Mn. HEWITT with strong argument
during the tariff debate in congress last
spring, The facts Mr.. llEwlTr presented
were brought out by suit against the
works, In which MRs. THOMSON, widow of
n former partner, sought to recover the
price of some stock. In 1881 the company
paid dividends amounting to - per cont.
and had on hand August 81 of that year
$3.50, i23,5l, with capital placed at ST.
0OO, 900, the surplus representing undivided
profits. The company, however, did not
wish to pay taxes on larger sum than -
per cent. dividends, and so bought from the
Pennsylvania railroad company, which
owned 5000 of the 10000 shares OF stock In
their company, all but 1000 of their stock,
for which they paid $2Sj share, This
they distributed among their stockholders
for 800 share, thus being enabled to dis.
tribute $4,000 of surplus profits without
declaring n dividend. In short the steel
company presented to each shareholder
tSl65. After dividend of - pcr cent. In
cash, In addition to the $l6) share, had
been paid, the company had lett s., i6i ,is3,.
81, or over Il per cent" Tho sublimity OF
the impudence and cheek of the men who
are under such circumstances thus cutting
down the wages of the laborer and yet In.
sisting upon being protected by the govern.
ment while they are making such enormous
profits, Is truly phenomenal, II could not
be anticipated except from class of ciu.
gens who have for twenty years past
been accustomed to seeing the govern.
mcnt run almost exclusively In their be.
half The facts az quoted speak volume
and illustrate the wrong that We have been
so long and persis,ently combating. II tho
democracy, when II comes into power will
rec,iiy such evils aud give these cormcrait'
good grounds for complaining OF reduced
profit, the PARTY will be entitled 10 the last
ing gratitude of the nation. II Is absurd
to continue TO tribe with so gigantic an
iniquity. and those who are to suffer from
measures, such asproposcd by the company
referred TO above, are as Justly entitled 10
consideration at the hands Of the general
government as are any citizens of the land
After 1891 such mpudence should be 4
| thing Of tho mast